This paper examines the impact of zakat on poverty alleviation in Indonesia, with a specific focus on the four priority empowerment programs implemented by BAZNAS in 2023. Utilizing an income-based measurement approach before and after the program, difference-in-difference model, and the moving out mustahik model, the study assesses the effectiveness of these programs in reducing poverty. Primary data were collected from 52,395 respondents identified as mustahik (eligible recipients) of BAZNAS assistance. The findings indicate that BAZNAS's poverty alleviation programs successfully lifted 49% of mustahik out of poverty. These results highlight the critical role of zakat-based initiatives in combating poverty in Indonesia. This study contributes to the expanding body of literature on poverty alleviation strategies by demonstrating the effectiveness of BAZNAS programs in achieving substantial outcomes. The implications underscore the potential of zakat as a powerful tool for extreme poverty reduction, advocating for continued support and expansion of such initiatives to further mitigate poverty in the country.

This study aims to analyzes the integration of Islamic Social Finance (ISF) instruments with Sustainable Development Goals (SDGs), examining implementation patterns, challenges, and opportunities during 2015-2024. Using PRISMA guidelines, we systematically reviewed 22 relevant articles from Scopus database through thematic analysis. Analysis shows 86% positive alignment between ISF and SDGs implementation, with major contributions to poverty alleviation (SDG 1: 35%) and hunger reduction (SDG 2: 28%). Digital transformation improved operational efficiency (75%) and program reach (85%). The WIIGM model enhanced stakeholder trust (65%) and operational efficiency (45%), though institutional capacity and regulatory harmonization remain challenging. This review provides a framework for understanding ISF's role in sustainable development and offers evidence-based recommendations for policymakers, emphasizing digital innovation and capacity building. This study presents the first comprehensive analysis of ISF-SDGs integration, evaluating recent implementation strategies and their effectiveness. This study contributes to theoretical advancement through a comprehensive framework for analyzing ISF-SDGs integration and provides practical guidelines for implementing digital innovation in Islamic social finance management across different contexts.

This research analyzes the contribution of zakat in reducing poverty among people with disabilities and its role in achieving the Sustainable Development Goals (SDGs), particularly SDG 1 (No Poverty) and SDG 10 (Reducing Inequality). Using the Systematic Literature Review (SLR) method, this study identifies effective and inclusive zakat distribution strategies for vulnerable groups. The results of the study show that zakat has great potential in empowering the economy of people with disabilities through productive zakat programs, although currently most of the zakat distribution is still consumptive. This research highlights the importance of a data-driven approach and specific needs to ensure a more equitable and measurable zakat distribution. By improving inclusive zakat management, zakat can be a strategic instrument to alleviate poverty and achieve broader sustainable development. This research makes a significant contribution in expanding the literature related to the role of zakat in poverty alleviation, especially for people with disabilities. In addition, this research connects zakat distribution with the achievement of Sustainable Development Goals (SDGs), particularly SDGs 1 and SDGs10.

This research aims to analyze the Islamic financing model with supply chain financing and its impact for the economic development, especially for fisheries households in Belitung region. This research uses a qualitative approach. The main object of this research was Bank Pembiayaan Rakyat Syariah and the fishery sector in Belitung. In addition, the distribution of the locations of fisheries households consists of 5 (Five) subdistrict namely: Tanjung Pandan, Membalong, Sijuk, Badau, and Selat Nasik. In this study, the research uses a basic framework of interview questions to 10 infromants from multi-channel financing business model study by Bank Indonesia (2023). The results of this study found that the supply chain financing model with Islamic financing contracts has the potential prospect to be applied by using the musharakah and wakalah bil ujrah contract of transactions for fisheries households in five subdistrict of Belitung region. The implication of this research to enhance the critical role of the Islamic financing model for fisheries households to increase the income of fisherman exchange rate in Belitung Regency

This study aims to examine the financial performance of Islamic banks in Indonesia and Malaysia, with a specific focus on optimizing shareholder value. The assessment includes efficiency, market share, interest rates, inflation and economic growth as crucial criteria in comprehending the success of Islamic banks in each country. The secondary data is derived from the annual reports of 25 Islamic banks in Indonesia and Malaysia, with a focus on characteristics pertaining to operational efficiency and market share. Furthermore, data is obtained from Bank Indonesia (BI) to gather statistics regarding inflation, interest rates, and GDP growth from the years 2018 to 2021. The study used panel data regression with a random effects model as the most accurate estimator. The results of the panel data regression analysis suggest that inflation has a favorable effect on return on equity (ROE), while GDP growth has a beneficial impact on return on assets (ROA). This research highlights the importance of enhancing inflation risk management and making strategic adaptations to the business plans of Islamic banks in Malaysia and Indonesia. This research enhances the scholarly comprehension of the variables affecting the efficiency of Islamic banks in diverse economic conditions.

The nexus between economic growth and national income is very critical driven by the nation’s growth performance and its citizens’ improvement standard of living. This study aims to analyze the role of zakat, infaq and shadaqah in Indonesia’s economic growth from the Islamic perspective. By utilizing secondary data from Bank Indonesia, Central Bureau of Statistics, and BAZNAS this research employs the 2SLS (Two-Stage Least Square) method to estimate structural coefficients. The result found that generaly, zakat, infaq and shadaqah (ZIS) and consumption significantly contributed to economic growth from several variables like net exports, investment, and government during period 2001-2020. This research contribute to highlighting the significant impact of ZIS on national income and societal consumption, this study also provide result of study aimed at enhancing economic growth and ensuring the equitable collection and distribution of ZIS funds.

The largest number of Generation Z in Indonesia has potential for economic development. This is because the younger generation possesses high levels of technological skills, making them promising investors and key drivers in advancing investment growth in Indonesia. This research aims to analyze the levels of Islamic financial literacy and inclusion and their influence on financial behavior and investment decisions using descriptive analysis and the SEM-PLS method. The research results indicate that the average level of Islamic financial literacy was 77.9% (well-literate) and the level of Islamic inclusion was 80.5% (high). Islamic financial literacy and Islamic financial inclusion significantly affect investment decisions while financial behavior does not significantly affect investment decisions. This study contribute to enhance the index of literacy and financial inclusion in sharia finance for the younger generation, as well as promoting participation in sustainable investments oriented towards sharia principles.

The majority of organization of Islamic cooperation (OIC) countries are developing countries that need an investment to improve the welfare of the countries. This study analyzes the factor of political stability, trade openness, government performance efficiency and forms of government to foreign direct investment in the Organization of Islamic Cooperation (OIC) Countries. This study was quantitative using random effects model (REM). This research using the Data Panel to 57 member of organization of Islamic cooperation (OIC) countries with an annual distribution of data starting from 2000 – 2023. The result found that political stability, government efficiency, trade openness, and form of government are factors that have a relationship and influence on the investment climate. The results of this study contribute to enrich the discourse of political stability and government efficiency in Indonesia to attract foreign direct invesment (FDI).

This study seeks to identify and compare descriptively the factors that influence the likelihood of financial distress in Indonesian and Malaysian Islamic banking. This study selected some variables and standard ratio values based on the Bankometer model such as Islamic banks’ capital adequacy, leverage level, credit risk, efficiency, and liquidity. The financial ratio data collected from published financial reports from five Indonesian Islamic banks and four Malaysian Islamic banks then analyzed using binary logistic regression. The results indicate that during the observation periods, the capital level (CA and CAR), leverage level (EA), and credit risk (NPF) of Islamic banking in Indonesia and Malaysia met the Bankometer standard. Meanwhile, the liquidity level (LA) of Islamic banks in both countries slightly exceeded the Bankometer's maximum standard, especially before the pandemic period. The findings in this study may enrich the discourse on the factors that trigger possible financial distress in Islamic banking by collaborating with the Bankometer model and binary logistic regression.