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

• Main Authors: Tika Widiastuti, -, SRI NINGSIH, 041317147305, Ari Prasetyo, -, Imron Mawardi, Sri Herianingrum, -, Anidah Robani, -, Muhammad Ubaidillah Al Mustofa, -, AUFAR FADLUL HADY, 041411333027
• Format: Article PeerReviewed
• Language: English; English; English; English; English
• Published: Elsevier 2022
• Subjects: SH334 Economic aspects. Finance
• Online Access: https://repository.unair.ac.id/124259/12/Surat%20Tugas%20Menguji.pdf; https://repository.unair.ac.id/124259/15/Developing%20an%20integrated%20model%20of%20Islamic%20social%20finance_%20toward%20an%20effective%20governance%20framework.pdf; https://repository.unair.ac.id/124259/16/Salinan%20Korespondensi_Developing%20an%20integrated%20model%20of%20Islamic%20social%20finance.pdf; https://repository.unair.ac.id/124259/17/Tika%20W_Form%20Karil%20dan%20Validasi_1.4%20Developing%20an%20Integrated.pdf; https://repository.unair.ac.id/124259/18/Turnitin%20Developing%20an%20integrated%20model%20of%20Islamic%20social%20finance_%20toward%20an%20effective%20governance%20framework.pdf; https://repository.unair.ac.id/124259/
• Institution: Universitas Airlangga

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