Realizing sdgs 2030 by estimating poverty through islamic micro financial institutions
Keywords:
Islamic Microfinance, SDGs, Maqashid Sharia
Abstract
This paper reviews the evidence of the impact of Islamic microfinance on poverty alleviation and identifies the determinants that can influence microfinance borrowers to realize the SDGs 2030 through a literature review.This study also promotes Islamic microfinance and suggests it as one of the best poverty alleviation tools, especially among Muslim communities by reviewing some of the measures suggested by other researchers through systematic literature reviews. This paper is a literature survey of more than 40 articles related to microfinance that attempt to review and analyze the areas researched by researchers in microfinance. This survey consists not only of empirical analysis and comparative analysis but recommendations and suggestions with some theoretical work. So to achieve the SDGs 2030 goal, it would be very good if Islamic microfinance institutions were used as the main alternative tool to alleviate poverty. Because the program and implementation of Islamic microfinance are always based on maslahah for the community
References
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21. Rashid, Md. Harun Ur, Mohammed Jashim Uddin, and Shah Asadullah Mohd. Zobair. 2018. “Islamic Microfinance and Sustainable Development Goals in Bangladesh.” International Journal of Islamic Business & Management 2(1):67–80.
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24. Samad, Mohammed Abdul. 2014. “Islamic Micro Finance: Tool for Economic Stability and Social Change.” Humanomics 30(3):199–226.
25. Samer, Sayed, Izaidin Majid, Syaiful Rizal, M. R. Muhamad, Sarah-Halim, and Nlizwa Rashid. 2015. “The Impact of Microfinance on Poverty Reduction: Empirical Evidence from Malaysian Perspective.” Procedia - Social and Behavioral Sciences 195:721–28.
26. Shukran, Khaled, and Farhana Rahman. 2011. “A Grameen Bank Concept: Micro-Credit and Poverty Alleviation Program in Bangladesh.” Internationa LConference on Emerging Trends in Computer and Image Processing (January):47–51.
27. Sila, Muhammad Adlin. 2010. “Lembaga Keuangan Mikro Dan Pengentasan Kemiskinan: Kasus Lumbung Pitih Nagari Di Padang.” MASYARAKAT: Jurnal Sosiologi 15(1).
28. Suri, Tavneet, Michael A. Boozer, Gustav Ranis, and Frances Stewart. 2011. “Paths to Success: The Relationship Between Human Development and Economic Growth.” World Development 39(4):506–22.
29. Tamanni, Luqyan, and Mohd Hairul Azrin Haji Besar. 2019. “Profitability vs Poverty Alleviation: Has Banking Logic Influences Islamic Microfinance Institutions?” Asian Journal of Accounting Research 4(2):260–79.
30. Tammili, Fatin Najiha M., Zainalabidin Mohamed, and Rika Terano. 2017. “Effectiveness of the Microcredit Program in Enhancing Micro-Enterprise Entrepreneurs‟ Income in Selangor.” Asian Social Science.
31. Weber, Heloise. 2017. “Politics of „Leaving No One Behind‟: Contesting the 2030 Sustainable Development Goals Agenda.” Globalizations 14(3):399–414.
32. Yazid, Mohamad, and M. N. Asmadi. 2015. “The Practices of Islamic Finance in Upholding the Islamic Values and the Maqasid Shariah.” International Review of Management and Business Research 4(1):2306– 9007
2. Al-Mubarak, Tawfique. 2016. “The Maqasid of Zakah and Awqaf and Their Roles in Inclusive Finance.” Islam and Civilisational Renewal 7(2):217–30.
3. Ayu, Putri. 2019. “Encouraging Islamic Financing to Achieve SDGs through Poverty Alleviation.” Journal of Islamic Finance 8(2):10–20.
4. Choudhury, Ariful Haque, Atanu Das, and Ashiqur Rahman. 2017. “The Effectiveness of Micro-Credit Programmes Focusing on Household Income, Expenditure and Savings: Evidence From Bangladesh.” Journal of Competitiveness 9(2):34–44.
5. Dr. J.R. Raco, M.E., M. Sc. 2010. Metode Penelitian Kualitatif Jenis, Karakteristik, Dan Keunggulannya. edited by A. L. Jakarta: PT Gramedia Widiasarana Indonesia.
6. Enjiang Cheng, Abdullahi D. Ahmed. 2014. “The Demand for Credit , Credit Rationing and the Role of Microfinance Evidence from Poor Rural Counties of China.” China Agricultural Economic Review 6(2).
7. Ginanjar, Adhitya, and Salina Kassim. 2020. “CAN ISLAMIC MICROFINANCE ALLEVIATES POVERTY IN INDONESIA? AN INVESTIGATION FROM THE PERSPECTIVE OF THE MICROFINANCE INSTITUTIONS.” Journal of Islamic Monetary Economics and Finance 6(1).
8. Hamdan, Hamdino, Pazim Othman, Wan Sabri, and Wan Hussin. 2012. “Is Microfinance Program in Malaysia Really Effective in Helping the Poor ?” World Review of Business Research.
9. Hassan, Abul. 2014. “The Challenge in Poverty Alleviation: Role of Islamic Microfinance and Social Capital.” Humanomics 30(1):76–90.
10. Hassan, Abul, and Shamim Saleem. 2017. “An Islamic Microfinance Business Model in Bangladesh: Its Role in Alleviation of Poverty and Socio-Economic Well-Being of Women.” Humanomics 33(1):15–37.
11. Hurayra, Mohammad Abu. 2015. “Achievement of Maqasid-Al-Shari`ah in Islamic Banking: AnEvaluation of Islami Bank Bangladesh Limited.” 15(1).
12. Ibnu Asyur, Muhammad Thahir. 1957. “Maqosyid Asy-Syariah.” Tunis: Maktabah Al-Istiqomah.
13. Ismail, Abdul Ghafar. 2013. “Theoretical Model for Zakat -Based Islamic Microfinance Institutions in Reducing Poverty.” International Research Journal of Finance and Economics (103):136–50.
14. Ismail, Abdul Ghafar, and Salman Ahmed Shaikh. 2017. “Role of Islamic Economics and Finance in Sustainable Development Goals Abdul Ghafar Ismail Salman Ahmed Shaikh This Version Working Paper No . 5 Citation Style : Abdul Ghafar Ismail and Salman Ahmed Shaikh . ( 2017 ). Role of Islamic Economics and Finance.” (April 2017).
15. Lubis, Shamsuddin Ahamad Dr .. Rosni Bakar Dr .. Zulkarnain. 2016. “Islamic Microfinance and Its Impacts on Borrowers : A Systematic Review From 1995-2015.” Mediterranean Journal of Social Sciences 7(6):113–20.
16. Mariyono, Joko. 2019. “Micro-Credit as Catalyst for Improving Rural Livelihoods through Agribusiness Sector in Indonesia.” Journal of Entrepreneurship in Emerging Economies 11(1):98–121.
17. Mauliyah, N. I. 2019. “The Role of Sharia Accountant for Sustainable Development Goals (SDGs).” Journal of Islamic Economics Perspectives 1(1):26–39.
18. Mohamed, Erna Farina, and Neneng Ela Fauziyyah. 2020. “Islamic Microfinance for Poverty Alleviation : A Systematic Literature.” International Journal of Economics, Management and Accounting 28(1):141–63.
19. Oseni, Umar A. 2015. “Dispute Management in Islamic Financial Services and Products: A Maqasid-Based Analysis.” Intellectual Discourse 23(Special Issue):377–400.
20. Quraisy, Muhammad, Shaikh Hamzah, and Abdul Razak. 2017. “The Impact of Islamic Microfinance in Enhancing the Well-Being and Quality of Life : Case Study of Islamic Financial Cooperative ( Bmt ) in Indonesia.” South East Asia Journal of Contemporary Business, Economics and Law 13(3):1–12.
21. Rashid, Md. Harun Ur, Mohammed Jashim Uddin, and Shah Asadullah Mohd. Zobair. 2018. “Islamic Microfinance and Sustainable Development Goals in Bangladesh.” International Journal of Islamic Business & Management 2(1):67–80.
22. Rokhman, Wahibur. 2014. “BAITUL MAL WAT TAMWIL (BMT) AND POVERTY EMPOWERMENT.” QIJIS (Qudus International Journal of Islamic Studies) 1(2).
23. Sachs, Jeffrey D. 2012. “From Millennium Development Goals to Sustainable Development Goals.” The Lancet 379(9832):2206–11.
24. Samad, Mohammed Abdul. 2014. “Islamic Micro Finance: Tool for Economic Stability and Social Change.” Humanomics 30(3):199–226.
25. Samer, Sayed, Izaidin Majid, Syaiful Rizal, M. R. Muhamad, Sarah-Halim, and Nlizwa Rashid. 2015. “The Impact of Microfinance on Poverty Reduction: Empirical Evidence from Malaysian Perspective.” Procedia - Social and Behavioral Sciences 195:721–28.
26. Shukran, Khaled, and Farhana Rahman. 2011. “A Grameen Bank Concept: Micro-Credit and Poverty Alleviation Program in Bangladesh.” Internationa LConference on Emerging Trends in Computer and Image Processing (January):47–51.
27. Sila, Muhammad Adlin. 2010. “Lembaga Keuangan Mikro Dan Pengentasan Kemiskinan: Kasus Lumbung Pitih Nagari Di Padang.” MASYARAKAT: Jurnal Sosiologi 15(1).
28. Suri, Tavneet, Michael A. Boozer, Gustav Ranis, and Frances Stewart. 2011. “Paths to Success: The Relationship Between Human Development and Economic Growth.” World Development 39(4):506–22.
29. Tamanni, Luqyan, and Mohd Hairul Azrin Haji Besar. 2019. “Profitability vs Poverty Alleviation: Has Banking Logic Influences Islamic Microfinance Institutions?” Asian Journal of Accounting Research 4(2):260–79.
30. Tammili, Fatin Najiha M., Zainalabidin Mohamed, and Rika Terano. 2017. “Effectiveness of the Microcredit Program in Enhancing Micro-Enterprise Entrepreneurs‟ Income in Selangor.” Asian Social Science.
31. Weber, Heloise. 2017. “Politics of „Leaving No One Behind‟: Contesting the 2030 Sustainable Development Goals Agenda.” Globalizations 14(3):399–414.
32. Yazid, Mohamad, and M. N. Asmadi. 2015. “The Practices of Islamic Finance in Upholding the Islamic Values and the Maqasid Shariah.” International Review of Management and Business Research 4(1):2306– 9007
Published
2020-12-20
How to Cite
Mulyono Jamal, M.A, & Rusyda Afifah Ahmad. (2020). Realizing sdgs 2030 by estimating poverty through islamic micro financial institutions. International Journal on Economics, Finance and Sustainable Development, 2(12), 6-12. https://doi.org/10.31149/ijefsd.v2i12.1009
Section
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