Sharia Economic Empowerment of Low-Income Communities and Subsidy Recipients in Boyolali for Sustainable Development Goals

Abstract

Purpose: This study investigates the potential of Sharia economic empowerment for low-income communities and subsidy recipients in Boyolali as a strategy to achieve Sustainable Development Goals (SDGs). Rooted in Islamic teachings, Sharia economics offers dynamic solutions to address issues of wealth distribution, poverty alleviation, and economic stability. Theoretical Framework: The theoretical framework is based on Islamic principles of socio-economic justice and the empowerment of marginalized communities through Sharia-compliant financial and social interventions. This framework underscores the role of ethical and spiritual values in fostering economic self-reliance and sustainability. Methods: A qualitative research methodology was employed, incorporating interviews, focus group discussions, and participant observations within low-income housing areas. Data were analyzed thematically to identify key barriers and opportunities for Sharia economic empowerment. Results and Conclusion: The findings reveal that implementing Sharia economic principles significantly enhanced economic awareness and behaviour among the target population. Participants demonstrated improved financial literacy, creativity, innovation, and a stronger sense of responsibility. These changes contributed to a transition towards a more independent and economically stable community. Notably, Sharia-based interventions inspired participants to adopt a holistic approach to prosperity, encompassing both material and spiritual well-being. Implications: The implications of this study are far-reaching. It highlights the importance of integrating Sharia economic principles into community development programs to achieve equitable growth and poverty reduction. Policymakers and Islamic financial institutions can leverage these insights to design tailored initiatives for low-income groups, fostering their economic independence and alignment with SDGs. Originality/value: The originality of this research lies in its focus on the intersection of Sharia economics and sustainable community development in the context of subsidized housing. It provides a novel approach to empowering marginalized populations by harmonizing economic stability with spiritual fulfilment, ultimately contributing to a more inclusive and sustainable society.