Journal of Islamic Science, Culture & Social Studies
Islamic Science

Islamic Social Business

The Role of al-Qardul Hasan in Empowering Vulnerable Micro-Enterprises through Bankziska

Adi Santoso1 Yuyun Ristianawati2 Sri Hartono3 Fanji Farman1 Ina Nusuki1
1 Telkom University
2 Sekolah Tinggi Ilmu Ekonomi Totalwin Semarang
3 Muhammadiyah University of Ponorogo
Corresponding author: [email protected]
https://doi.org/10.53754/19sqjj52
Download article
PDF
Published
29-12-2025
Issue
Vol. 5 No. 2 (2025)
Pages
197–210

Abstract

This study examines the development and implementation of Islamic financial institutions based on Al-Qardul Hasan, specifically through the Bankziska model, in the context of empowering micro, small, and medium enterprises (MSMEs). The phenomenon underlying this research is the high dependence of MSMEs on loan sharks who provide high-interest loans, especially in traditional markets, rural areas, and poor urban areas. In addition, the difficulty of accessing finance from conventional and Islamic banks further exacerbates the economic conditions of MSMEs. The Bankziska concept offers an alternative solution by providing loans without interest, without administrative fees, without fines, and collateral. Bankziska utilizes zakat, infaq, shodaqoh, and other social and religious funds to support MSMEs. The main objective of this concept is to realize a prosperous and just society (Baldatun thayyibatun wa rabbun ghafur). The research method used is qualitative with a case study approach. The research results indicate that the Bankziska concept can serve as an alternative model for empowering MSMEs based on Sharia principles, reducing dependence on loan sharks, and increasing financial access for MSMEs. Implications of this research include the development of a more inclusive and sustainable Sharia financial business model.

Keywords: al-Qardul Hasan Bankziska economic empowerment MSMEs

References

  1. Adri, Azharah, S. L., Prawira, A. R., & Alfin, A. (2024). Konsep Dasar Operasional Manajemen Syariah dan Problematika serta Teknik Analisisnya. Indonesian Research Journal on Education, 4(4), 1601–1609.
  2. Anantyasari, M., Suwarno, A. E., Nashirudin, Muh., Mu’awanah, C., & Asri, N. B. (2022). Relevance Of Islamic Banking in Indonesia to The Muamalah System of The Prophet and The Caliph. Journal of Islamic Economic Laws, 5(2), 297–322. https://doi.org/10.23917/jisel.v5i2.17657
  3. Andriamahery, A., & Qamruzzaman, Md. (2022). Do Access to Finance, Technical Know-How, and Financial Literacy Offer Women Empowerment Through Women’s Entrepreneurial Development? Frontiers in Psychology, 12. https://doi.org/10.3389/fpsyg.2021.776844
  4. Ascarya, A. (2022). The role of Islamic social finance during Covid-19 pandemic in Indonesia’s economic recovery. International Journal of Islamic and Middle Eastern Finance and Management, 15(2), 386–405. https://doi.org/10.1108/IMEFM-07-2020-0351
  5. Azzahro, S. F., & Aufa. (2022). Is ZISWAF’S Institution Susceptible to Moral Hazard? International Journal of Waqf, 2(2). https://doi.org/10.58968/ijf.v2i2.171
  6. Bella, A. M. E., & Mugiyanti. (2024). Pelaku Ekonomi Islam: Kajian Komparatif Pemikiran Khurshid Ahmad Dan Monzer Khaf. 7(3), 1351–1363. https://doi.org/10.31943/afkarjournal.v7i3.995
  7. Braun, V., & Clarke, V. (2006). Using thematic analysis in psychology. Qualitative Research in Psychology, 3 (2), 77–101. https://doi.org/10.1191/1478088706qp063oa
  8. Dewi, A. P., & Aisi, O. H. (2022). Strengthening the Economic Resilience of KWT Families through the BankZiska Program; Case Study in Carangrejo Village, Sampung District, Ponorogo Regency. The 4th International Conference on University-Community Engagement (ICON-UCE).
  9. Gadallah, K. (2023). Economics of Charity in Islam: A Critical Review. International Journal of Islamic Economics and Finance Studies, 9(2), 237–258. https://doi.org/10.54427/ijisef.1271810
  10. Gupta, A., Sapriza, H., & Yankov, V. (2024). The Collateral Channel and Bank Credit.
  11. Hair, J. F., Risher, J. J., Sarstedt, M., & Ringle, C. M. (2019). When to use and how to report the results of PLS-SEM. European Business Review, 31(1), 2–24. https://doi.org/10.1108/EBR-11-2018-0203
  12. Hanifuddin, I., Kasanah, N., & Eficandra, E. (2024). Al-Qarḍ al-Ḥasan Program of Bankziska: Zakat Fund-Based Empowerment Model for Victims of Loan Sharks. JURIS (Jurnal Ilmiah Syariah), 23(1), 1. https://doi.org/10.31958/juris.v23i1.10799
  13. Hayat, Q. S., Khan, M. S. A., & Gul, B. (2019). Risk Mitigation in an Interest Free and Non- Speculative Financial System: A Critical Review and Regulatory Framework for Shari’ah Compliant Risk Management. Global Economics Review, IV(III), 79–91. https://doi.org/10.31703/ger.2019(iv-iii).08
  14. Hj Talip, S. N. S., & Wasiuzzaman, S. (2024). Influence of human capital and social capital on MSME access to finance: assessing the mediating role of financial literacy. International Journal of Bank Marketing, 42(3), 458–485. https://doi.org/10.1108/IJBM-04-2023-0214
  15. Hu, B., He, F., & Hu, L. (2022). Community Empowerment Under Powerful Government: A Sustainable Tourism Development Path for Cultural Heritage Sites. Frontiers in Psychology, 13. https://doi.org/10.3389/fpsyg.2022.752051
  16. Ibrahim, Z., Mahadi, N. F., Zakariyah, H., Hasan, A., & Bahtiar, J. (2024). Cash Waqf: Ethical & sustainable Qard Hasan Microfinancing in Malaysia for B40 & M40 inclusion. Environment-Behaviour Proceedings Journal, 9(29), 31–37. https://doi.org/10.21834/e-bpj.v9i29.6014
  17. Ismail, A. G., & Possumah, B. T. (2010). Qardhul Hasan principles applied to micro finance facilities (Working Paper in Islamic Economics and Finance No. 1021). Research Center for Islamic Economics and Finance, Universiti Kebangsaan Malaysia. https://www.ukm.my/ekonis/wp-content/uploads/2021/02/Qardhul-Hasan-Principles-Applied-to-Micro-Finance-Facilities.pdf
  18. Kakar, S. H., Zaenal, M. H., & Jalil, F. Y. (2022). Islamic Social Welfare and the Role of Zakat and Islamic Charity in the Family-Resilience: the Theoritical Review. 6th INDONESIAN CONFERENCE OF ZAKAT PROCEEDINGS.
  19. Kahf, M. (1999). The performance of the institution of zakat in theory and practice. Islamic Research and Training Institute (IRTI), Islamic Development Bank.
  20. Kruahong, S., Tankumpuan, T., Kelly, K., Davidson, P. M., & Kuntajak, P. (2023). Community empowerment: A concept analysis. Journal of Advanced Nursing, 79(8), 2845–2859. https://doi.org/10.1111/jan.15613
  21. Kusuma, K. A., Fauji, I., Futaqi, F. A., & Sobirov, B. (2023). BankZiska: A New Hope for the Unbanked and Poor in Indonesia. In Tariq Tawfeeq Yousif Alabdullah, Mohd Isha Awang, Bobur Sobirov, Mochammad Tanzil Multazam, & Mahardika D.K. Wardana (Eds.), Proceedings of the International Conference on Intellectuals’ Global (pp. 436–446). Atlantis Press. https://doi.org/10.2991/978-2-38476-052-7_48
  22. Lapuz, M. C. M. (2023). The role of local community empowerment in the digital transformation of rural tourism development in the Philippines. Technology in Society, 74, 102308. https://doi.org/10.1016/j.techsoc.2023.102308
  23. Man, N. C., P. Rameli, M. F., Jusoh, W. N. H. W., & Lateh, N. (2024). Enhancing the Financial Sustainability of Vulnerable Poor Group Through the Implementation of Qard Al-Hasan as i-CSR Mechanisms by Islamic Banking Institutions. An International Journal, 16(2s), 63–81.
  24. Mushkalamzai, Z., Hasan, N., & Lessy, Z. (2022). The role of developing and institutionalization of Qardul Hasan in poverty alleviation in Afghanistan. International Journal of Advanced Academic Studies, 4(4), 91–96. https://doi.org/10.33545/27068919.2022.v4.i4b.874
  25. Rehan, F., Block, J., & Fisch, C. (2019). Entrepreneurship in Islamic communities: How do Islamic values and Islamic practices influence entrepreneurship intentions? Journal of Enterprising Communities, 13(5), 557–583. https://doi.org/10.1108/JEC-05-2019-0041/FULL/XML
  26. Saifurrahman, A., & Kassim, S. (2022). Collateral imposition and financial inclusion: a case study among Islamic banks and MSMEs in Indonesia. Islamic Economic Studies, 30(1), 42–63. https://doi.org/10.1108/IES-04-2022-0023
  27. Siddiqi, M. N. (2004). Riba, bank interest and the rationale of its prohibition. Islamic Research and Training Institute (IRTI), Islamic Development Bank. https://www.iefpedia.com/english/wp-content/uploads/2009/09/RIBA-BANK-INTERESTAND-THE-RATIONALE-OF-ITS-PROHIBITION.pdf
  28. Santo Hartono, H., & Ahmad Futaqi, F. (2023). Analysis of Qardhul Hassan Based on Islamic Philantrophy Funds at Bankziska Lazismu East Java. Proceeding of International Conference on Islamic Philantrophy, 1, 132–142. https://doi.org/10.24090/icip.v1i1.311
  29. Santoso, A., & Kristiyana, N. (2018). THE PERCEPTION OF PONOROGO MUSLIM SOCIETY IN CHOOSING ISLAMIC BANKING SERVICES. Equilibrium: Jurnal Ekonomi Syariah. https://doi.org/10.21043/equilibrium.v6i1.3039
  30. Santoso, A., & Ristianawati, Y. (2025). STRATEGIC INNOVATION IN ISLAMIC ORGANIZATIONS: EXPLORING THE GOLD OCEAN STRATEGY FRAMEWORK. Jemasi: Jurnal Ekonomi Manajemen Dan Akuntansi, 21(1), 100–117. https://doi.org/10.35449/jemasi.v21i1.1004
  31. Santoso, A., Ristianawati, Y., Barata, W., & Suprayitno, D. (2024). Metodologi Penelitian Manajemen Bisnis (1st ed.). CV.EUREKA MEDIA AKSARA.
  32. Setiawan, F., Purwaningrum, T., Ayuningtyas, E. D. P., & Futaki, F. A. (2022). Analysis of operational risk management on BankZiska financing institution of Ponorogo branch. International Journal of Advances in Social and Economics, 4(2), 57–60. https://doi.org/10.33122/ijase.v4i2.234
  33. Setiawan, M. A., Armina, S. H., & Jalaludin, A. (2024). Implementation of the Islamic Social Entrepreneurship Concept in the Pondok Modern Darussalam Gontor Business Unit. Indonesian Journal of Innovation Multidisipliner Research, 2(2), 161–172. https://doi.org/10.69693/ijim.v2i2.123
  34. Soegoto, H., Suryatno Wiganepdo Soegoto, & Meyer, D. F. (2022). The role of domestic investment, foreign investment and the number of Micro Small and Medium-Sized Enterprises to reduce poverty in Indonesia. Journal of Eastern European and Central Asian Research (JEECAR), 9(5), 901–913. https://doi.org/10.15549/jeecar.v9i5.1072
  35. Talib, A., Ridwan Paturochman, I., & Ansyori, A. (2024). Challenges and Opportunities in Implementing Sharia Principles in Business Management. IJSBM: International Journal of Sharia Business Management, 3(1), 2828–5891. https://doi.org/10.51805/ijsbm.v3i1.201
  36. Vania, A., & Fikriah, N. L. (2023). The Impact of Creative Digital Marketing on the Sustainability of MSME Businesses: A Mediating Role of Marketing Performance. Jurnal Ilmiah Manajemen Dan Bisnis, 8(2), 141–150. https://doi.org/10.38043/jimb.v8i2.4546
  37. Vestly, D. J., Thangallapelly, N., Manish, G. S., Hariharan, S., Kukreja, V., & Venkateswara Reddy, H. (2024). Real estate price prognostication through machine learning models. 2024 IEEE International Students’ Conference on Electrical, Electronics and Computer Science (SCEECS), 1–5. https://doi.org/10.1109/SCEECS61402.2024.10481902

License

Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.

© 2025 Adi Santoso, Yuyun Ristianawati, Sri Hartono, Fanji Farman, Ina Nusuki

Authors who publish with this journal agree to the following terms:

  • Authors retain copyright and grant the journal the right of first publication with the work simultaneously licensed under a Creative Commons Attribution-NonCommercial 4.0 International License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
  • Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
  • Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).

Indexing & Citations

How to Cite

Santoso, A., Ristianawati, Y., Hartono, S., Farman, F., & Nusuki, I. (2025). Islamic Social Business: The Role of al-Qardul Hasan in Empowering Vulnerable Micro-Enterprises through Bankziska. Ascarya: Journal of Islamic Science, Culture, and Social Studies, 5(2), 197–210. https://doi.org/10.53754/19sqjj52
Crossref
Scopus
Google Scholar
Europe PMC

Similar Articles

1-10 of 88

You may also start an advanced similarity search for this article.