Encouraging Economic Growth Through Islamic Financial Principles in Indonesia

Authors

  • Patriandi Nuswantoro Universitas Gajah Putih

DOI:

https://doi.org/10.58812/wsiss.v2i02.806

Keywords:

Islamic finance, economic growth, Indonesia, qualitative analysis, Shariah principles

Abstract

This qualitative study explores the potential of promoting economic growth through Islamic finance principles in Indonesia. Through interviews with key stakeholders, including policymakers, representatives from Islamic financial institutions, and Shariah scholars, perceptions, challenges, opportunities, and strategies related to Islamic finance are examined. The findings highlight the optimism about the role of Islamic finance in driving economic growth, alongside challenges such as regulatory constraints, lack of awareness, and limited product innovation. Strategies for enhancing regulatory frameworks, promoting financial literacy, and fostering innovation and collaboration are discussed as avenues for unlocking the full potential of Islamic finance in Indonesia.

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Published

2024-04-30

How to Cite

Nuswantoro, P. (2024). Encouraging Economic Growth Through Islamic Financial Principles in Indonesia. West Science Islamic Studies, 2(02), 91–97. https://doi.org/10.58812/wsiss.v2i02.806

Issue

Vol. 2 No. 02 (2024): West Science Islamic Studies

Section

Articles

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Copyright (c) 2024 Patriandi Nuswantoro

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