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Economic Empowerment Through Islamic Financial Inclusion: The Strategic Role of Universities in Synergy with Islamic Financial Institutions Rantaprasaja, Luthfi
Diversity: Jurnal Ilmiah Pascasarjana Vol. 5 No. 1 (2025): Diversity: Jurnal Ilmiah Pascasarjana
Publisher : Universitas Ibn Khaldun Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32832/diversityjournal.v5i1.19304

Abstract

This paper aims to examine the strategic role of universities in promoting Islamic financial inclusion as a means of economic empowerment, particularly in the Parung Panjang area of Bogor Regency. The study employs a qualitative approach, utilizing exploratory, case study, and action research methods. Data collection involves in-depth interviews with experts, academics, and practitioners in the field of financial inclusion, as well as focus group discussions and document analysis. The research explores how universities can leverage the Tridharma of Higher Education to bridge the gap between Islamic financial institutions and local micro and small businesses (MSMEs). Findings indicate that while financial literacy, accessibility barriers, and institutional coordination remain key challenges, universities can play a pivotal role in promoting Islamic financial inclusion. This can be achieved through developing financial literacy programs, conducting applied research, establishing industry partnerships, and providing direct financial assistance to MSMEs. The research highlights the significant impact of Islamic financial inclusion in enhancing community welfare. It emphasizes the importance of collaboration between higher education institutions and Islamic financial organizations to foster economic development and reduce financial disparities. This study contributes to the literature by comprehensively examining the strategic role of universities in forming, supporting, and developing Islamic financial inclusion initiatives, an area that has been less explored in previous research. It provides valuable insights into how universities can become a driving force to encourage economic empowerment through Islamic financial inclusion, potentially creating a broad positive impact on society, particularly in regions with significant economic disparities.
Cash Waqf Nazhir: Efforts to Increase the Role of Islamic Banks in Supporting Cash Waqf Djalil, Noviendri; Rantaprasaja, Luthfi; Kurnia, Aan
Research of Islamic Economics Vol. 3 No. 2 (2026): JANUARY 2026, CONTINOUS
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/rie.v3i2.488

Abstract

This study examines the potential of cash waqf as a strategic instrument to support government programs on community empowerment and national economic development. Cash waqf, when aggregated within a formal repository, can serve as a substantial source of business capital; however, its utilization remains suboptimal. Strengthening the role of Islamic banks as Nazhir is expected to optimize this potential by ensuring transparency, accountability, and effective distribution of waqf funds. Using a literature review and descriptive qualitative analysis, this study provides insights for policymakers to accelerate the establishment of a regulatory framework that enables Islamic banks to manage cash waqf. The findings imply that integrating Islamic banks into waqf management not only improves governance but also expands financing access for micro, small, and medium enterprises (MSMEs), thereby enhancing financial inclusion and reducing socio-economic disparities. The originality of this research lies in its emphasis on the institutional role of Islamic banks within the national waqf system, offering a novel paradigm that bridges Islamic social finance with the formal banking sector. This perspective contributes to the optimization of cash waqf as a structured and sustainable instrument for advancing the sharia economy