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The role of Islamic microfinance towards SDGs 2030 from poverty alleviation Rusyda Afifah Ahmad; Helmy Fauzy Ahmad
Islamic Economics Journal Vol 7, No 2 (2021)
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (468.983 KB) | DOI: 10.21111/iej.v7i2.7105

Abstract

This paper reviews the evidence of the impact of Islamic microfinance on poverty alleviation and identifies the determinants that can influence microfinance borrowers to realize the SDGs 2030 through a literature review. This study also promotes Islamic microfinance and suggests it as one of the best poverty alleviation tools, especially among Muslim communities by reviewing some of the measures suggested by other researchers through systematic literature reviews. This paper is a literature survey of more than 40 articles related to microfinance that attempt to review and analyze the areas researched by researchers in microfinance. This survey consists not only of empirical analysis and comparative analysis but recommendations and suggestions with some theoretical work. So to achieve the SDGs 2030 goal, it would be very good if Islamic microfinance institutions were used as the main alternative tool to alleviate poverty. Because the program and implementation of Islamic microfinance are always based on maslahah for the community.
The role of Islamic microfinance towards SDGs 2030 from poverty alleviation Rusyda Afifah Ahmad; Helmy Fauzy Ahmad
Islamic Economics Journal Vol. 7 No. 2 (2021)
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (468.983 KB) | DOI: 10.21111/iej.v7i2.7105

Abstract

This paper reviews the evidence of the impact of Islamic microfinance on poverty alleviation and identifies the determinants that can influence microfinance borrowers to realize the SDGs 2030 through a literature review. This study also promotes Islamic microfinance and suggests it as one of the best poverty alleviation tools, especially among Muslim communities by reviewing some of the measures suggested by other researchers through systematic literature reviews. This paper is a literature survey of more than 40 articles related to microfinance that attempt to review and analyze the areas researched by researchers in microfinance. This survey consists not only of empirical analysis and comparative analysis but recommendations and suggestions with some theoretical work. So to achieve the SDGs 2030 goal, it would be very good if Islamic microfinance institutions were used as the main alternative tool to alleviate poverty. Because the program and implementation of Islamic microfinance are always based on maslahah for the community.
Donation-Based Crowdfunding Innovation in Promoting Sustainable Islamic Microfinance: A Literature Review Akhmad Affandi Mahfudz; Rusyda Afifah Ahmad; Helmy Fauzy Ahmad; Penta Shahifah Dena
Journal of Islamic Economic and Business Research Vol. 5 No. 1: June 2025
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jiebr.v5i1.275

Abstract

The purpose of this study is to analyze the efforts to implement the CrowdFunding Platform model as a new face of Islamic philanthropy for the development of Islamic microfinance. This study uses a qualitative method with a contextual approach. Issues such as lack of access to financial services, lack of funding, and cultural barriers can be potential influences and future prospects for innovative and sharia-compliant social crowdfunding models in Islamic microfinance. The results of this study emphasize that the sharia social crowdfunding model must pay attention to sharia principles, transparency, accountability, community involvement and regulatory support. The implications of this study are the potential for developing social resources is very effective and requires continuous innovation, especially if the social funds collected can be managed by institutions and collaborating with the government can support improving the lives of poor people with the challenges of technological advances that attract public trust in the sharia crowdfunding system. Thus increasing the reputation of trust in sharia financial institutions in managing Islamic philanthropic funds. While the novelty in this study is an in-depth analysis of multi-sector collaboration between the government, financial institutions and the community which is a new element in strengthening sustainable and inclusive Islamic microfinance in Indonesia.