Synergizing Islamic Social Finance: Enchacing Community Resilience throught Takaful, BMT, and Philanthropy in Central Java
Abstract
This study examines the roe of Islamic Social Finance specifically Takaful, BMT (Baitul Maal wat Tamwil), and Islamic Philanthropy (zakat, infaq, and wakaf) in enhancing community resilience in Central Java, Indonesia. Despite the expansion of Islamic Financial Service in Indonesia, the integration of these services with social finance mechanisms has received limited empirical attention, especially in terms of their collective impact on rural community resilience. This qualitative study aimed to fill this gap by exploring how these instruments contribute to economic empowerment and long term sustainability for marginalized groups. In depth interviews conducted with 15 key information, including BMT managers, Takaful agents, philanthropy practioners, and beneficiaries from rural communities. The findings identified several key themes: (1) the empowerment of beneficiaries throught productive financing and social safety nets, (2) the role of wakaf assets in long term economic stability, (3) the synergy of fintech in improving accessibility for vulnerable enterpreneurs, and (4) challenges related to trust, governance, and financial literacy. The research highlight the potential of Islamic.
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