The Excellence of The Ummah Through The Integration of Islamic Philanthropy and Islamic Social Finance in Realizing Economic Independence

Authors

  • M. Zidny Nafi' Hasbi Alma Ata University
  • Ipuk Widayanti Universitas Gadjah Mada
  • Abdul Salam Alma Ata University

Keywords:

Islamic Philanthropy, Islamic Social Finance, Economic Independence

Abstract

The Islamic financial system is one of the instruments that can be used to regulate and realize economic independence. This study aims to analyze and describe the integration of Islamic philanthropy and Islamic social finance in an effort to realize the economic independence of the people. This study uses a descriptive qualitative approach to understand the various concepts found in the research process, using content analysis techniques and library research. Data collection techniques use secondary data from various scientific journals and scientific documents obtained using Publish or Perish. The findings of this study are that the development of Islamic economics and finance programs nationally is expected to have a positive and significant impact on the growth of the production sector which is getting stronger and more equitable. There are three pillars of Islamic economic and financial development, namely the pillar of economic empowerment of sharia, pillars of deepening sharia finance as well as pillars of strengthening research, assessment, education, socialization, and communication The Islamic financial system has a function as an Islamic Commercial Finance system (ICFS) and an Islamic Social Finance system (ISFS) in which both synergize well with the community. The function of ICFS has been proven to be able to develop the Islamic banking system, and Islamic capital market and not carry out activities that violate it such as usury, maysir, and gharar. The function of ISFS can be felt by the community directly as recipients through zakat, infaq, sadaqah, and waqf, the community has enjoyed its benefits by the community. socialization and communication The Islamic financial system functions as an Islamic Commercial Finance system (ICFS) and an Islamic Social Finance system (ISFS), both of which synergize well with the community. The function of ICFS has been proven to be able to develop the Islamic banking system, and Islamic capital market and not carry out activities that violate them such as usury, maysir, and gharar. The function of ISFS can be felt by the community directly as recipients through zakat, infaq, sadaqah, and waqf, the community has enjoyed its benefits by the community. socialization and communication The Islamic financial system functions as an Islamic Commercial Finance system (ICFS) and an Islamic Social Finance system (ISFS), both of which synergize well with the community. The function of ICFS has been proven to be able to develop the Islamic banking system, and Islamic capital market and not carry out activities that violate them such as usury, maysir, and gharar. The function of ISFS can be felt by the community directly as recipients through zakat, infaq, sadaqah, and waqf, the community has enjoyed its benefits by the community

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Published

2022-12-03

How to Cite

M. Zidny Nafi’ Hasbi, Ipuk Widayanti, & Abdul Salam. (2022). The Excellence of The Ummah Through The Integration of Islamic Philanthropy and Islamic Social Finance in Realizing Economic Independence. The 4th International Conference on University Community Engagement (ICON-UCE 2022), 4, 355–364. Retrieved from https://icon-uce.com/index.php/icon-uce/article/view/49