2020
DOI: 10.1108/qrfm-05-2019-0058
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How does Islamic fintech promote the SDGs? Qualitative evidence from Indonesia

Abstract: Purpose This study aims to explore the existing Islamic financial technology (fintech) lending in Indonesia. Doing so is to better understand in what way the fintech firms have been promoting the global movement of sustainable development goals (SDGs) in the local context. Design/methodology/approach This study engages qualitative methods. This paper first reviews relevant literature related to fintech and establishes the substantive definition of Islamic fintech. Further, the existing literature of SDGs is … Show more

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Cited by 96 publications
(70 citation statements)
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“…The Securities Commission of Malaysia (2020) states that the emergence of Islamic FinTech offers opportunities for unbanked users with very low financial literacy and MSMEs to have better and more sustainable lives and business in the future. Hudaefi (2020) adds that Islamic FinTech also promotes social finance through waqf, zakat, and infaq, being able to promote the sustainable development goals of reducing inequality and ending poverty and hunger.…”
Section: Discussionmentioning
confidence: 99%
“…The Securities Commission of Malaysia (2020) states that the emergence of Islamic FinTech offers opportunities for unbanked users with very low financial literacy and MSMEs to have better and more sustainable lives and business in the future. Hudaefi (2020) adds that Islamic FinTech also promotes social finance through waqf, zakat, and infaq, being able to promote the sustainable development goals of reducing inequality and ending poverty and hunger.…”
Section: Discussionmentioning
confidence: 99%
“…It can be seen that in 2014, it has been gradually rising to USD$12.2 billion as compared to 2013 (USD$4.05 billion) (Ryu, 2018). In 2018, the worldwide investment in FinTech firms reached to $57.9bn which is higher as compared to investment in 2017 ($38.1bn), with over 50 percent increase (Hudaefi, 2020). The traditional onlinebanking system is switched to the mobile platform by FinTech firms such as using mobile remittance and mobile payment for enlarging their business scope (Ryu, 2018;Belanche et al, 2019).…”
Section: Introductionmentioning
confidence: 94%
“…The investment growth in FinTech firms around the globe is remarkable (Hudaefi, 2020). It can be seen that in 2014, it has been gradually rising to USD$12.2 billion as compared to 2013 (USD$4.05 billion) (Ryu, 2018).…”
Section: Introductionmentioning
confidence: 99%
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“…The main ideas of these goals are concise aspirations to end poverty, pursue equity, and protect the Earth (UNDP; Panuluh & Fitri, 2015;Imaz & Sheinbaum, 2017). Recent updates to SDG implementation worldwide can be found in the SDG Index and Dashboards reports (Hudaefi, 2020). According to the 2020 report, Indonesia is ranked 101 out of 166 countries in the overall SDG index.…”
Section: Literature Review 21 the Notion Of Sdgs And Their Recementioning
confidence: 99%