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

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.

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