The Role of Government, Islamic Banks, And Waqf in Inclusive Economic Development in Indonesia

This study examines the relationship between government spending variables, Islamic commercial bank financing, and waqf, focusing on the inclusiveness of economic development, using a quantitative approach to explanatory research. A panel data regression analysis model is used to test the hypotheses...

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Main Authors: Ahmad Naufal Musyaffa, Agus Luthfi, Rachmania Nurul Fitri Amijaya
Format: Article
Language:English
Published: UIN Maulana Malik Ibrahim Malang 2025-06-01
Series:Maliki Islamic Economics Journal
Subjects:
Online Access:https://ejournal.uin-malang.ac.id/index.php/m-iecjournal/article/view/32459
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author Ahmad Naufal Musyaffa
Agus Luthfi
Rachmania Nurul Fitri Amijaya
author_facet Ahmad Naufal Musyaffa
Agus Luthfi
Rachmania Nurul Fitri Amijaya
author_sort Ahmad Naufal Musyaffa
collection DOAJ
description This study examines the relationship between government spending variables, Islamic commercial bank financing, and waqf, focusing on the inclusiveness of economic development, using a quantitative approach to explanatory research. A panel data regression analysis model is used to test the hypotheses. The results of the analysis partially explain that government spending and Islamic commercial bank financing have a significant positive effect on the inclusiveness of economic development. Meanwhile, the waqf variable does not affect the inclusiveness of economic development. This study uses Ibn Khaldun’s hikkamiyah theory to explain economic development. By improving the quality of institutions, such as the government and financial sector, and applying fair principles in conducting economic development in Indonesia, inclusive economic development becomes more realistic.
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language English
publishDate 2025-06-01
publisher UIN Maulana Malik Ibrahim Malang
record_format Article
series Maliki Islamic Economics Journal
spelling doaj-art-749fd6145f7d44a4b7c604b4bb5d7f1a2025-08-20T03:15:08ZengUIN Maulana Malik Ibrahim MalangMaliki Islamic Economics Journal2798-03832797-81252025-06-0151395510.18860/miec.v5i1.324598997The Role of Government, Islamic Banks, And Waqf in Inclusive Economic Development in IndonesiaAhmad Naufal Musyaffa0Agus Luthfi1Rachmania Nurul Fitri Amijaya2Faculty of Economics and Business Universitas JemberFaculty of Economics and Business Universitas JemberFaculty of Economics and Business Universitas JemberThis study examines the relationship between government spending variables, Islamic commercial bank financing, and waqf, focusing on the inclusiveness of economic development, using a quantitative approach to explanatory research. A panel data regression analysis model is used to test the hypotheses. The results of the analysis partially explain that government spending and Islamic commercial bank financing have a significant positive effect on the inclusiveness of economic development. Meanwhile, the waqf variable does not affect the inclusiveness of economic development. This study uses Ibn Khaldun’s hikkamiyah theory to explain economic development. By improving the quality of institutions, such as the government and financial sector, and applying fair principles in conducting economic development in Indonesia, inclusive economic development becomes more realistic.https://ejournal.uin-malang.ac.id/index.php/m-iecjournal/article/view/32459government expenditureislamic commercial bank financingwaqfinclusiveness
spellingShingle Ahmad Naufal Musyaffa
Agus Luthfi
Rachmania Nurul Fitri Amijaya
The Role of Government, Islamic Banks, And Waqf in Inclusive Economic Development in Indonesia
Maliki Islamic Economics Journal
government expenditure
islamic commercial bank financing
waqf
inclusiveness
title The Role of Government, Islamic Banks, And Waqf in Inclusive Economic Development in Indonesia
title_full The Role of Government, Islamic Banks, And Waqf in Inclusive Economic Development in Indonesia
title_fullStr The Role of Government, Islamic Banks, And Waqf in Inclusive Economic Development in Indonesia
title_full_unstemmed The Role of Government, Islamic Banks, And Waqf in Inclusive Economic Development in Indonesia
title_short The Role of Government, Islamic Banks, And Waqf in Inclusive Economic Development in Indonesia
title_sort role of government islamic banks and waqf in inclusive economic development in indonesia
topic government expenditure
islamic commercial bank financing
waqf
inclusiveness
url https://ejournal.uin-malang.ac.id/index.php/m-iecjournal/article/view/32459
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