Reviving Islamic Social Finance: The Role of Zakat and Waqf in Advancing the SDGs

Abstract

The majority of the Indonesian community is Muslim Ironically, the increase in the Muslim population in Indonesia does not have implications for the prosperity of the Indonesian community. Zakat and waqf have a role in the prosperity of society linked to the SDGs. Currently, the world is paying great attention to efforts to achieve social well-being. The SDGs are the world's hope to eradicate poverty, protect the environment, and ensure that everyone can enjoy peace and prosperity. Sustainable Development has 17 main goals. Social welfare and poverty eradication are the first priorities in the SDG goals. This research aims to analyze the recovery of social finance in the SDGs that focus on social welfare and poverty eradication. The method used in this research is a qualitative approach with the type of library research. Secondary data sources to study social finance recovery in the SDGs that focus on social welfare and poverty eradication. Secondary data is obtained from various sources ranging from government reports, publications and journal articles. The results of the study show that social financial recovery in the SDGs is focused on the goals of social well-being and poverty alleviation through zakat institutional programs in Indonesia such as Baznas and Dompet Dhuafa run productive zakat programs, which help the poor start businesses and become financially independent.