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Poverty Reduction and Insurance-Based Risk Protection Aisyah Abdul Jabbar; Meguellati Achour; Edwards Geraldine; Muhammad Iqbal; Kaleem Chaghtai; Arjun Nath; Camila Garcia; Muthoifin; Ishmah Afiyah
Solo International Collaboration and Publication of Social Sciences and Humanities Vol. 1 No. 03 (2023): Solo International Collaboration and Publication of Social Sciences and Humani
Publisher : Walidem Institute and Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61455/sicopus.v1i03.102

Abstract

This study aims to evaluate the effectiveness of poverty reduction and insurance-based risk protection programs in a particular region, another purpose is to analyze the impact of Insurance on systematic risk protection and poverty reduction with a critical analysis approach. The method used involves a survey of a sample of program beneficiary communities as well as primary and secondary data analysis. Data were collected through interviews, observations, and documentation to identify the program's impact on poverty levels and household economic sustainability. The results showed that the program succeeded in increasing people's access to health services and education, as well as reducing financial risks faced by vulnerable households. In addition, this program also contributes positively to local economic growth and financial independence of beneficiary communities. The implications of these findings provide support for government policies to improve the effectiveness of social protection programs and expand health insurance coverage for vulnerable communities to address poverty and economic risks. The research recommends intensive education programs, stakeholder cooperation, and regulatory updates. The implications of this research highlight the need for increased public understanding, regulatory updates, and innovative product development to support the sustainable growth of Insurance.
The Importance of Insurance in Reducing Systematic Risk and Aiding Poverty Alleviation: A Review of Financial Protection Aisyah Abdul Jabbar; Edwards Geraldine; M Muthoifin; Ishmah Afiyah
Solo International Collaboration and Publication of Social Sciences and Humanities Vol. 2 No. 01 (2024): Solo International Collaboration and Publication of Social Sciences and Humani
Publisher : Walidem Institute and Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61455/sicopus.v2i01.118

Abstract

This study aims to investigate the important role of insurance in reducing systematic risk and helping poverty alleviation through a review of financial protection. This study uses a descriptive-analytical approach by analyzing various related literature covering theories and practices related to insurance, systematic risk, and poverty alleviation. Data was collected through literature studies involving scientific journals, reference books, and recent research reports. The results showed that insurance plays a crucial role in reducing systematic risk by providing a mechanism for risk transfer from affected individuals or groups to insurance institutions. Thus, insurance helps protect individuals and families from unexpected events such as natural disasters, accidents, or illnesses that can lead to poverty. In addition, insurance also plays a role in poverty alleviation by providing important financial protection for those who are vulnerable to adverse financial risks. Therefore, understanding and access to adequate insurance is essential in efforts to reduce systematic risks and improve the overall welfare of society. This research provides a theoretical and practical foundation for relevant parties, including governments, financial institutions, and the general public, to improve the understanding and application of insurance as an important instrument in reducing systematic risks and alleviating poverty through effective financial protection
The Relevance and Dynamics of Muamalat Transactions in the Context of Modern Economics: A Holistic Review Aisyah Abdul Jabbar; Meguellati Achour; Edwards Geraldine; Ishmah Afiyah
Solo International Collaboration and Publication of Social Sciences and Humanities Vol. 2 No. 01 (2024): Solo International Collaboration and Publication of Social Sciences and Humani
Publisher : Walidem Institute and Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61455/sicopus.v2i01.119

Abstract

The purpose of this study is to investigate the relevance and dynamics of muamalat transactions in the context of modern economics and present a holistic review of the topic. The research methods used are literature analysis and qualitative studies, which involve collecting data from various sources such as scientific literature, official documents, and related publications. The results show that muamalat transactions have a growing significance in the modern economy, not only as a financial instrument but also as a business model that promotes ethical values and justice. The dynamics of muamalat transactions are reflected in adjustments to technological developments and global market needs while maintaining the underlying sharia principles. This holistic review provides a deeper understanding of the role of muamalat transactions in creating an inclusive and sustainable economic ecosystem in the context of the modern economy.