The Impact of Financial Inclusion and Islamic Fintech on the Challenges of the SDGs (Sustainable Development Goals)
Abstract
Islamic fintech has the potential to encourage financial inclusion by meeting the needs of the non-bankable market segment. Therefore, the role of fintech in accelerating financial inclusion for the community is very significant because fintech has various approaches to assessing creditworthiness or financing for its customers. the role of financial inclusion will lead to the achievement of the challenges of the Sustainable Development Goals (SDGs). Poverty alleviation is one of Indonesia's development priorities. This is in line with the first commitment to the Sustainable Development Goals (SDGs), namely reducing poverty and hunger. The results show that Islamic Fintech and financial inclusion have a significant influence on the SDGs.
Keywords
Full Text:
PDFReferences
Abor, J., Quartey, P. 2010. Issues in SME development in Ghana and South Africa. International research journal of finance and economics, 39(6), 215-228.
Ali, A. M. D., & Yusof, H. (2011). Quality and qualitative studies: The case of validity, reliability, and generalizability. Issues in Social and Environmental Accounting, 5(1/2), 25-26
Arner, Douglas W., Buckley, Ross P., Zetzsche Dirk A. & Veidt, Robin. 2020. Sustainability, FinTech, and Financial Inclusion. European Business Organization Law Review (2020) 21:7–35
Arner DW, Barberis JN, Buckley RP (2016) The evolution of FinTech: a new post-crisis paradigm? Georgette J Int Law 47(4):1271–1319 Arner DW, Barberis JN, Buckley RP (2017) FinTech, RegTech and the reconceptualization of financial regulation. Northwestern J Int Law Bus 37(3):371–413
Arner DW, Buckley RP, Zetzsche DA (2018) FinTech for financial inclusion: a framework for digital financial transformation. Alliance for Financial Inclusion (AFI) Special report. https://www.afglobal.org/publications/2844/FinTech-for-Financial-Inclusion-A-Framework-for-Digital-FinancialTransformation. Accessed 15 Nov 2019
Arner DW, Zetzsche DA, Buckley RP (2019a) FinTech, RegTech, and systemic risk: the rise of global technology risk, ch 4. In: Schwarcz L, Avgouleas E, Busch D, Arner DW (eds) Systemic risk in the financial sector: ten years after the global financial crisis. CIGI Press, Waterloo
Arner DW, Zetzsche DA, Buckley RP, Barberis J (2019b) The identity challenge in finance: from analog identity to digitized identification to digital KYC utilities. EBOR 20(1):55–80
Buckley, R., Arner, D., & Barberis, J. (2016). 150 Years of FinTech: An Evolutionary Analysis. JASSA - The FINSIA Journal of Applied Finance, 3, 22–29.
Creswell, J.W. (2007). Qualitative inquiry & research design choosing among five approaches. Second Edition. Sage Publications – California.
Gill, P., Stewart, K., Treasure, E., & Chadwick, B. (2008). Methods of data collection in qualitative research: interviews and focus groups. British Dental Journal Volume 204 No.6. DOI: 10.1038/bgj.2008.192
Haris, Muhammad, Iqbal, Muhammad, & Hadiyati, Puji. 2020. Synergy Of Sharia Banks And Financial Technology In The Development Of Micro, Small And Medium Businesses In Indonesia. Jurnal Review Akuntansi dan Keuangan, vol 10 no 1, p. 115-126
Ichsan, R. et al. (2021). Determinant of Sharia Bank's Financial Performance during the Covid-19 Pandemic. Budapest International Research and Critics Institute-Journal (BIRCI-Journal). P. 298-309.
Ishartono & Raharjo, S.R. (….). Sustainable Development Goals (SDGs) and Poverty Reduction. Share: Social Work Journal Volume 6 No 2, pages: 154 - 272
Kasinath, H. M. (2013). Understanding and using qualitative methods in performance measurement. Journal of Educational Studies, Trend and Practices, 3(1), 46-57.
Khan, S., Rabbani, M.R. 2020a. Artificial Intelligence and NLP-based Chatbot as Islamic Banking and Finance Expert. International Conference on Computational Linguistics and Natural Language Processing (CLNLP 2020), Seoul, South Korea on July 20-22.
Leong, K., & Sung, A. (2018). FinTech (Financial Technology): What is It and How to Use Technologies to Create Business Value in Fintech Way? International Journal of Innovation, Management, and Technology, 9(2), 74–78.
Minerva, R. (2016). The potential of the Fintech industry to support the growth of SMEs in Indonesia. Management Strategy and Industry Evolution
Muzdalifa, I., Rahma, I. A., & Novalia, B. G. (2018). Peran Fintech Dalam Meningkatkan Keuangan Inklusif Pada UMKM Di Indonesia (Pendekatan Keuangan Syariah). Jurnal Masharif al-Syariah: Jurnal Ekonomi dan Perbankan Syariah, 3(1), Article 1.
Mobin, M.A & Ahmad, A.U.F. (2016). Achieving sustainable economic development through Islamic microfinance and the potential of the proposed two-tier mudarabah waqf business model. Handbook of empirical research on Islam and economic life.
Mohamed, Hazik and Ali, Hassan. 2019. Blockchain, Fintech, and Islamic Finance. Boston/Berlin. Walter de Gruyter Inc.
McKinsey and Company. (2018). Synergy and disruption: Ten trends shaping fintech. McKinsey and Company. McKinsey Global Institute. (2016). How digital finance could boost growth in emerging economies. McKinsey
Nugroho, Muh. Awal Satrio. (2021). Peran Inklusi Keuangan Perbankan Syariah Terhadap Kinerja usaha Mikro dan Menengah (UMKM). Disertasi Program Pasca Sarjana Fakultas Ekonomi Universitas Islam Indonesia
Oseni, Umar A. & Ali, S. Nazim 2019. Fintech In Islamic Finance: Theory and Practice. London & New York. Routledge
Pandya, V.M. 2012. Comparative analysis of the development of SMEs in developed and developing countries. International Conference on Business and Management, 6-7
Rabbani, Mustafa Raza., Bashar, Abu., Nawaz, Nishad, dkk .2021. Exploring the Role of Islamic Fintech in Combating the Aftershocks of COVID-19: The Open Social Innovation of the Islamic Financial System. J. Open Innov. Technol. Mark. Complex. 2021, 7(2), 136;
Saripudi, Nadya, P.S., & Iqbal, Muhammad (2021). Upaya Fintech Syariah Mendorong Akselerasi Pertumbuhan UMKM di Indonesia. Jurnal Ilmiah Ekonomi Islam, 7(01), 41-50
The World Bank. (2020). Leveraging Islamic Fintech to Improve Financial Inclusion. World Bank Report
Yulianasari, Nina. & Mahrina, Helvony. (2021). Pengaruh Penggunaan Fintech Terhadap Perkembangan Literasi dan Inklusi Keuangan pada UMKM di Kota Bengkulu. Creative Research Management Journal Volume 4 Nomor 1 Hal. 92-105
Iqbal, M., Nadya, P.S. & Saripudin. 2021.Islamic Fintech Growth Prospects in Accelerating MSMEs Growth during the Covid-19 Pandemic: Evidence in Indonesia. International Journal of Islamic Economics and Finance Studies, 2021/2: 126-140
DOI: https://doi.org/10.33258/birci.v5i1.4170
Article Metrics
Abstract view : 281 timesPDF - 180 times
Refbacks
- There are currently no refbacks.

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.