Proceedings of the International Conference on Intellectuals’ Global Responsibility (ICIGR 2022)

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BankZiska: A New Hope for the Unbanked and Poor in Indonesia

Authors
Kumara Adji Kusuma1, *, Imam Fauji1, Faruq Ahmad Futaqi2, Bobur Sobirov3
1Universitas Muhammadiyah Sidoarjo, Surabaya, Indonesia
2IAIN Ponorogo, Ponorogo, Indonesia
3Samarkand Branch of Tashkent State University of Economics, Samarkand, Uzbekistan
*Corresponding author. Email: adji@umsida.ac.id
Corresponding Author
Kumara Adji Kusuma
Available Online 22 May 2023.
DOI
10.2991/978-2-38476-052-7_48How to use a DOI?
Keywords
Bankziska; Moneylenders; Rentenir; Bank Thithil; Riba Eradication; Usury; Interest; Lazismu
Abstract

This qualitative research, using content analysis and phenomenology, investigates the efforts to eradicate riba, or usury, in Indonesia. The study focuses on BankZiska, an institution in Ponorogo City that provides financial assistance based on zakat, infaq, and religious social fund to create a usury-free society. The aim of this study is to examine the effectiveness of BankZiska’s model in freeing people from moneylenders, specifically in providing financial assistance to poor and unbanked people while avoiding riba. The results indicate that BankZiska has been successful in providing financing to 1,049 partners or customers, and 30 percent of them have been freed from moneylenders. The implication of this study is that BankZiska’s model could be an alternative solution for poverty alleviation while fighting against riba.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Conference on Intellectuals’ Global Responsibility (ICIGR 2022)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
22 May 2023
ISBN
978-2-38476-052-7
ISSN
2352-5398
DOI
10.2991/978-2-38476-052-7_48How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Kumara Adji Kusuma
AU  - Imam Fauji
AU  - Faruq Ahmad Futaqi
AU  - Bobur Sobirov
PY  - 2023
DA  - 2023/05/22
TI  - BankZiska: A New Hope for the Unbanked and Poor in Indonesia
BT  - Proceedings of the International Conference on Intellectuals’ Global Responsibility (ICIGR 2022)
PB  - Atlantis Press
SP  - 436
EP  - 446
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-052-7_48
DO  - 10.2991/978-2-38476-052-7_48
ID  - Kusuma2023
ER  -