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Inclusive Welfare: On The Role of Islamic Public-Social Finance and Monetary Economics

Juhro, Solikin M. and Syarifuddin, Ferry and Sakti, Ali (2022): Inclusive Welfare: On The Role of Islamic Public-Social Finance and Monetary Economics.

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Abstract

The concept of inclusive economic development has gained traction among researchers due to the failure of old concepts to solve poverty and social inequality. Shifting of the economic development is needed, from the focus on good and service value to increasing economic participation of communities. To shed a light on the solution, this study aim to examine the lesson learned from Islamic social-public finance and monetary economics role in realizing inclusive welfare. Based on in-depth observation, we found that economic inclusion and inclusive growth are fully in line with the spirit and goals of the Islamic economy in terms of creating equitable welfare for all. There is also an existing linkage between the role of Islamic social-public finance and monetary economics.

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