Developing an integrated model of Islamic social finance: toward an effective governance framework

This study proposed an integrated model of Islamic Social Finance (ISF) to accelerate the transformation of the poor toward prosperity. This is a qualitative and quantitative approach using grounded theory and the Average Weighted Index (AWI). The integration model of Islamic social finance is imple...

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Detalles Bibliográficos
Autores principales: Widiastuti, Tika, Ningsih, Sri, Prasetyo, Ari, Mawardi, Imron, Herianingrum, Sri, Robani, Anidah, Al Mustofa, Muhammad Ubaidillah, Hady, Aufar Fadlul
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier 2022
Materias:
Research Article
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC9474835/
https://www.ncbi.nlm.nih.gov/pubmed/36119888
http://dx.doi.org/10.1016/j.heliyon.2022.e10383
Descripción
Sumario:This study proposed an integrated model of Islamic Social Finance (ISF) to accelerate the transformation of the poor toward prosperity. This is a qualitative and quantitative approach using grounded theory and the Average Weighted Index (AWI). The integration model of Islamic social finance is implemented through 4 ER (Economic Rescue, Economic Recovery, Economic Reinforcement, and Economic Resilience) by integrating Islamic social finance instruments in a joint project scheme. The additional finding of the empirical investigation shows that integrated Islamic social finance is 12% more effective in enriching the poor than the non-integrated program. This study emphasizes the significance of integrating Islamic social finance in accelerating the well-being of the poor community.

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