Tika Widiastuti, - and Sri Ningsih, - and Ari Prasetyo, - and Imron Mawardi, - and Sri Herianingrum, - and Anidah Robani, - and Muhammad Ubaidillah Al Mustofa, - and AUFAR FADLUL HADY, - (2022) Developing an integrated model of Islamic social finance: toward an effective governance framework. Heliyon, 8 (9). pp. 1-10. ISSN 2405-8440

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Abstract

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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