Islamic Economic Management & Entrepreneurship
Vol. 1 No. 2 (2026): Islamic Economic Management and Entrepreneurship

Building Communities Through Islamic Social Finance: The Role of Philanthropy for Economic Development

Izniyah Izniyah (Universitas Islam Negeri Sunan Ampel Surabaya)



Article Info

Publish Date
06 Jul 2026

Abstract

This paper examines the role of philanthropy in community development through Islamic social finance for sustainable economic development. This study highlights the importance of Islamic social finance as a powerful instrument for financial inclusion, poverty alleviation, and improving general welfare. This study uses a qualitative approach with data collection through interviews, literature review, and documentary analysis. The results show that philanthropy in Islamic social finance plays a significant role in community development by encouraging economic independence, empowering individuals and groups, and promoting the principles of social justice. In the context of economic development, Islamic philanthropy also makes significant contributions to job creation, increasing access to capital for micro and small businesses, and supporting innovation and sustainable business development. These findings provide valuable insights for practitioners, decision-makers, and financial institutions to understand and harness the potential of philanthropy in Islamic social finance to achieve inclusive and sustainable economic development.

Copyrights © 2026






Journal Info

Abbrev

ieme

Publisher

Subject

Description

The primary aim of the Islamic Economic Management and Entrepreneurship (IEME) Journal is to disseminate scholarly research articles in the domains of Management, Business, and Entrepreneurship. IEME, the official publication of Letiges in partnership with many Scientific Associations in the same ...