scholarly journals Erratum to: Financial Inclusion and Poverty Alleviation

2018 ◽  
pp. E1-E1
Author(s):  
Muhamed Zulkhibri ◽  
Abdul Ghafar Ismail
Keyword(s):  
Poverty Alleviation ◽  
Financial Inclusion

scholarly journals Discourses of Institutionalization of Zakat Management System in Contemporary Indonesia: Effect of the Revitalization of Islamic Economics

2018 ◽  
Vol 3 (1) ◽  
pp. 25-35 ◽  
Author(s):  
Mari Adachi
Keyword(s):  
Community Development ◽  
Poverty Alleviation ◽  
Management System ◽  
Social Roles ◽  
Administrative Reform ◽  
Theory And Practice ◽  
Financial Inclusion ◽  
Top Down ◽  
History Of

In Indonesia, zakat management was trying restructured in a top-down form based on the system followed in Malaysia and, in 1999, a related law was enacted. Although many previous studies have been conducted on zakat for its fundamental spiritual aspects and social roles, macroscopic research on its history of both theory and practice aspects is lacking. The transformation in the administrative reform of zakat, which focuses on not only the discourse of Islamic intellectuals but also the tone of the emerging Islamic economy and attitude of the management organization's practitioners and players, is important to understand the growth of Islam in Indonesia. This paper discusses how the zakat practice, which was an individual practice, expanded to include new objectives such as community development or financial inclusion without losing its original spiritual significance. Further, the paper clarifies how an institutionalized approach to zakat management helps in the development of new theoretical intervention areas and contributes to community development and empowerment, without compromising the original poverty alleviation programs. Keywords: Zakat management, Indonesia, Islamic economics

scholarly journals Role of financial inclusion in poverty alleviation in Odisha

2020 ◽  
Vol 8 ◽  
pp. 1-8
Author(s):  
Narayan Rout ◽  
Keyword(s):  
Poverty Alleviation ◽  
Millennium Development Goals ◽  
Rice Yield ◽  
Financial Inclusion ◽  
Access To Credit ◽  
Development Indicators ◽  
Bank Branches ◽  
Development Goals ◽  
Branch Banking

Objectives: This study dwells on the role of financial inclusion in poverty alleviation. The alleviation of poverty is implemented by combining direct tools and indirect tools. Traditional solutions have not been as effective and sufficient to tackle poverty. Indirect tools include improving access to credit, promoting savings to the poor. Methods/Statistical analysis: We use district level branch banking and development indicators data for 30 districts of Odisha during the discrete period 1992 to 2011, since official poverty data for district levels are not released. Findings: When controlled for PDDP, number of bank branches plays a significant role to reduce poverty. We find that an increase of Rs. 10,000/- in PDDP can cause a fall in poverty by 4%, an increase of 10% in Rice Yield can cause fall in poverty by 1.5%, whereas, an additional 100 number of bank branches can reduce poverty by 4.7% in the districts. Application/Improvements: The results of this analysis could go further to achieve the millennium development goals in few years. Novelty: We find the relative ranking of the coefficients of real sector and finance sector variables, that when controlled for other variables, e.g., Rice Yield, No. of Branches and PDDP to negatively impact poverty rates. Keywords: inclusion; poverty alleviation; banking; NDDP; branches

scholarly journals Alleviating Poverty Through Islamic Microfinance: Factors and Measures of Financial Performance, and Roles of Islamic Values and Financial Policies

2019 ◽  
pp. 1266-1273
Author(s):  
Adhitya Ginanjar ◽  
Salina Kassim
Keyword(s):  
Financial Services ◽  
Poverty Alleviation ◽  
Financial Education ◽  
Financial Inclusion ◽  
Microfinance Institutions ◽  
Financial Policies ◽  
The Poor ◽  
Depth Interview ◽  
Rich Information ◽  
Islamic Microfinance

Indonesia has a strong presence of microfinance sector with the number of Islamic Microfinance Institutions (IMFIs) estimated to be around 5,000 currently. Microfinance is an effective tool in alleviating poverty in Indonesia due to the limited access to financial services by the poor who accounted for approximately 96 million Indonesians (or 37% of the total population), living on less than USD 1.90 a day. In the absence of collateral and steady income, the poor are considered too risky to be given credit facilities by the formal financial services providers and living in remote areas has also limited their access to formal financial services. This study aims to examine the poverty alleviation efforts from the perspective of the IMFIs in view of their direct involvement in the process and having rich information about financial issues facing the borrowers. The managers also understand about financial inclusion agenda as well as financial guidelines and regulations issued by the relevant authorities. A total of 34 managers of Baitulmaal Wa Tamwil (BMTs), which registered under the Sharia Cooperative Centre (INKOPSYAH) are taken as respondents from the Jakarta, Bogor, Depok, Tangerang and Bekasi (JABODETABEK) areas. The first instrument was a survey questionnaire, and the second one was an in-depth interview to outline data related to the model design. The findings of this research are expected to contribute to better decision-making for the BMTs to further enhance its role in alleviating poverty. The findings also elaborate several dimensions to improving financial inclusion among the poor including providing financial services, implementing Islamic principles, significant policies, community-based framework concept and training financial education. This research highlights the need for a variety of strategies to warrant success of poverty alleviation efforts by BMT.

scholarly journals Financial Inclusion and Achievements of Sustainable Development Goals (SDGs) in ASEAN

2019 ◽  
Vol 4 (4) ◽  
pp. 147-155
Author(s):  
Ahmad Ma’ruf ◽  
Febriyana Aryani
Keyword(s):  
Sustainable Development ◽  
Poverty Alleviation ◽  
Sustainable Development Goals ◽  
Secondary Data ◽  
Jel Classification ◽  
Financial Inclusion ◽  
Development Goals ◽  
Socioeconomic Dimension ◽  
Dimension Type ◽  
Relationship Of

Objective – Financial Inclusion is an essential agenda at the ASEAN level. Increasing financial inclusion aims to develop the economic capacity of the population to reduce poverty and encourage income distribution. This study aims to analyze the relationship of financial inclusion to the achievement of Sustainable Development Goals (SDGs) in the aspect of poverty alleviation in ASEAN. Methodology/Technique – This study uses a quantitative approach. The data used is secondary data in the period between 2010 and 2018. Data processing uses multiple regression. The financial inclusion dimensions analyzed are the socioeconomic dimension and the infrastructure dimension. Findings – Financial Inclusion has a negative and significant relationship with the achievement of sustainable development goals (SGDs) in the aspect of poverty alleviation in ASEAN. Novelty – The statement that the development of countries in ASEAN to realize SDGs on poverty eradication becomes very important. This study is essential for policymakers regarding poverty alleviation and financial inclusion development. This study contributes to the financial inclusion literature in ASEAN with an emphasis on the socioeconomic dimension. Type of Paper: Empirical Keywords: Financial Inclusion; Sustainable Development Goals; Poverty; ASEAN. Reference to this paper should be made as follows: Ma’ruf, A; Aryani, F. 2019. Financial Inclusion and Achievements of Sustainable Development Goals (SDGs) in ASEAN, J. Bus. Econ. Review 4(4) 147 – 155 https://doi.org/10.35609/jber.2019.4.4(1) JEL Classification: G00, G28.

scholarly journals Poverty Alleviation Fund in Financial Inclusions of Nepal

2019 ◽  
Vol 2 (2) ◽  
pp. 90-98
Author(s):  
Nahakul K.C.
Keyword(s):  
New Product Development ◽  
Financial Literacy ◽  
Financial Services ◽  
Poverty Alleviation ◽  
Secondary Data ◽  
Holistic Approach ◽  
Financial Education ◽  
Financial Inclusion ◽  
Services Research ◽  
Government Organizations

This research was an attempt to take a deeper look at people’s experience of existing financial services and their providers. In addition, it aimed to identify definitive indicators that would help to create a roadmap for the delivery of effective financial services in Nepal. The study emphasized that ensuring financial inclusion is an arduous task and requires a holistic approach encompassing strategies for awareness raising, financial education, technical advice on different dimensions of money management, debt counseling, saving mobilization, provision of affordable credit services, research and development. In order to promote financial inclusion, there is a need to develop and apply specific strategies to expand the outreach of their services using combinations of lending methodologies, market led approaches to new product development, fostering linkages with local communities and promoting the use of technologies. This paper is basically descriptive and analytical in nature and based on a number of policy models and provisions formulated in recent years for promoting financial inclusion in Nepal. Secondary data is used, drawn primarily from, Poverty Alleviation Fund, Department of Co-operatives and different departments. Micro finance institutions should give equal priority for non-financial services such as financial literacy and provision of entrepreneurship skills through government and non-government organizations that ultimately helps to utilize micro-credit into productive sectors.

scholarly journals Financial inclusion, economic growth, and poverty alleviation: evidence from eastern Indonesia

Heliyon ◽  
2020 ◽  
Vol 6 (10) ◽  
pp. e05235
Author(s):  
Angga Erlando ◽  
Feri Dwi Riyanto ◽  
Someya Masakazu
Keyword(s):  
Economic Growth ◽  
Poverty Alleviation ◽  
Financial Inclusion ◽  
Eastern Indonesia

PERAN MODAL SOSIAL SEBAGAI MEDIATOR LITERASI KEUANGAN DAN INKLUSI KEUANGAN PADA USIA PRODUKTIF DI KABUPATEN GUNUNGKIDUL

2020 ◽  
Vol 15 (1) ◽  
pp. 27
Author(s):  
Elizabeth Fiesta Clara SB ◽  
Astrie Krisnawati
Keyword(s):  
Social Capital ◽  
Financial Literacy ◽  
Poverty Alleviation ◽  
Sampling Technique ◽  
Financial Inclusion ◽  
The Other ◽  
Probability Sampling ◽  
The Relationship ◽  
Determinant Factor

ABSTRACT Financial inclusion is proven to decrease poverty and social gap if it is done maximally. Gunungkidul regency as one of all regency with the poorest population in Daerah Istimewa Yogyakarta. The determinant factor in successful financial inclusion is financial literacy toward the population themselves. Furthermore, the other factor to accelerate poverty alleviation is the role of the productive population.This research aims to discover the role of social capital as the financial literacy and financial inclusion mediator of Gunungkidul’s Regency productive population. With social capital is expected to be a mediator in improving literacy and inclusion finance.The population in this research is 729.364 productive ages of Gunungkidul’s Regency population and the sample was taken by non-probability sampling technique which produced 424 samples. This study adopted Sobel test also Kenny and Baron method to examine the effect of mediaton of social capital in the relationship between financial literasion and financial inclusion. The result of this study found that social capital proved to partially mediate the association beteen financial literacy and financial inclusion of productivity age in Gunungkidul Regency. Keywords: Poverty, Financial Literacy, Financial Inclusion, Social Capital, Partially Mediation, Gunungkidul Regency. ABSTRAK Gunungkidul termasuk Kabupaten dengan jumlah warga miskin Yogyakarta. Inklusi keuangan dipercaya dapat menurukan kemiskinan apabila dilakukan secara maksmial serta dapat mengurangi kesenjangan sosial. Salah satu faktor penentu keberhasilan inklusi keuangan adalah adanya literasi keuangan pada masyarakat itu sendiri, faktor lain yang dapat mempercepat pengentasan kemiskinan adalah peran masyarakat produktif. Penelitian ini bertujuan untuk mengetahui peran modal sosial sebagai mediator literasi keuangan dan inklusi keuangan pada usia produktif di Kabupaten Gunungkidul yang diharapkan dapat meningkatkan literasi keuangan dan inklusi keuangan itu sendiri. Populasi penelitian ini adalah masyarakat Kabupaten Gunungkidul berusia produktif sebesar 729.364 jiwa. Pengambilan sampel dengan teknik non-probability sampling menghasilkan sampel sejumlah 424 jiwa. Penelitian mengadopsi dan menggunakan tes Sobel serta metode Baron dan Kenny dalam pengujian pengaruh mediasi modal sosial pada hubungan literasi keuangan dan inklusi keuangan. Hasil penelitian menemukan bahwa modal sosial terbukti secara parsial memediasi hubungan antara literasi keuangan dan inklusi keuangan pada usia produktif di Kabupaten Gunungkidul. Kata kunci: Usia Produktif, Literasi Keuangan, Inklusi Keuangan, Modal Sosial, Kabupaten Gunungkidul.

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