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Journal : Economics Studies and Banking Journal

Islamic Social Finance and Poverty Alleviation Furqon, Ainul; Nurhayat, Nurhayat; Mukhid, Mukhid
Economics Studies and Banking Journal (DEMAND) Vol. 1 No. 5 (2024): Economics Studies and Banking Journal (DEMAND)
Publisher : Penelitian dan Pengembangan Ilmu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62207/ghjxrq94

Abstract

Islamic social financing, including zakat, waqf, and infaq, has attracted attention as a potential tool in poverty alleviation, especially in Muslim-majority countries. This research aims to analyze the effectiveness of Islamic social financing in reducing poverty in Muslim-majority countries compared to non-Muslim countries. The research method used was PRISMA to systematically review the literature from relevant articles. The research results show that Islamic social financing has significant potential in reducing poverty and income inequality. The implication of this research is the importance of improving the management and distribution of zakat, waqf and infaq funds to maximize their impact on social and economic welfare.
Islamic Social Finance: Exploring Zakat, Waqf, and Sadaqah in Economic Development Mukhid, Mukhid
Economics Studies and Banking Journal (DEMAND) Vol. 1 No. 2 (2024): Economics Studies and Banking Journal (DEMAND)
Publisher : Penelitian dan Pengembangan Ilmu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62207/jk7p6661

Abstract

Islamic social finance has an important role in inclusive and sustainable economic development. In this context, zakat, waqf, and sadaqah become important instruments that can be used to mobilize resources and support economic development initiatives. However, challenges such as lack of public awareness, preference for conventional financial institutions, and lack of supportive regulations still need to be overcome.