Digital Financial Inclusion in Islamic Boarding Schools Practices, Challenges, and Socioeconomic Impacts on Indonesian Student
Abstract views: 53
,
pdf downloads: 40
Abstract
This study analyzes digital financial inclusion practices in Islamic boarding schools, examining challenges and socioeconomic impacts on students. The research addresses the literature gap regarding digital financial service implementation in Islamic educational institutions and their effectiveness in promoting financial literacy among student communities. A qualitative approach was employed with two Islamic boarding schools: Pondok Pesantren Puncak Darussalam and Pondok Pesantren Al Amien Prenduen. Data collection involved comprehensive in-depth interviews, direct observations, and extensive documentation, analyzed through systematic data reduction and triangulation methods to ensure validity and reliability of findings. Digital financial inclusion significantly facilitates financial transactions, enhances student financial literacy, and reduces cash dependency among student. However, limited technological infrastructure and low parental financial literacy present substantial implementation challenges requiring attention. The positive socioeconomic impact manifests through improved student financial literacy, encouraging wiser financial management practices that can foster greater economic independence for future sustainability.
Downloads
References
Abdullah. Financial Treasurer of Pondok Pesantren Puncak Darussalam, Direct Interview (12 July 2023)., 2023.
Acharya, Shalini, and Uma C Swadimath. “Digital Financial Inclusion and Economic Empowerment of Farmers in India,” 295–307, 2024. doi:10.4018/979-8-3693-2346-5.ch019.
Ahmad Faisol, Baharuddin, Moh. Padil, Ahmad Barizi. “Implementation of Character-Based Holistic Education in Islamic Boarding School Educational Institutions” 2, no. 9 (2024): 1–12. doi:https://journalenrichment.com/index.php/jr/article/view/234.
Ahmad Winarno. “BI Gandeng Pondok Pesantren Untuk Percepat Gerakan Non-Tunai,” 2017.
Arora, Sakhsi. “The Role of Digital Banking in Financial Inclusion: A Review Study.” Recent Trends in Management and Commerce 5, no. 2 (2024): 95–97. doi:10.46632/rmc/5/3/21.
Bank, Asian Development. Asian Development Bank Annual Report 2021: Toward a Green and Inclusive Recovery. Manila, Philippines, 2022. doi:10.22617/FLS220104.
Barquin, Sonia, Guillaume De Gantès, Vinayak Hv, and Duhita Shrikhande. “Digital Banking in Indonesia: Building Loyalty and Generating Growth Global Banking.” McKinsey & Company, 2019. https://www.mckinsey.com/~/media/McKinsey/Industries/Financial Services/Our Insights/Digital banking in Indonesia Building loyalty and generating growth/Digital-banking-in-Indonesia-final.ashx.
Demidova, Svetlana, Stanislav Svetlichnyy, Chulpan Misbakhova, and Tatyana Miroshnikova. “Digital Financial Inclusion in a Decentralised Financial Environment,” 257–64, 2023. doi:10.1007/978-3-031-32719-3_19.
Didah. “Kemenag Dan BI Perkuat Kesepahaman Soal Pengembangan Ekonomi Pesantren,” 2016. https://kemenag.go.id/nasional/kemenag-dan-bi-perkuat-kesepahaman-soal-pengembangan-ekonomi-pesantren-6dstwb.
Frisancho, Veronica. “The Impact of School-Based Financial Education on High School Students and Their Teachers: Experimental Evidence from Peru.” SSRN Electronic Journal, no. March (2019). doi:10.2139/ssrn.3305510.
Indonesia, Bank. Laporan Tahunan Bank Indonesia 2021. Jakarta, 2021.
Istiyah, Iin, and Nurul Wulandari Putri. “Implementation of User Transaction Services Via E-Money Id-Card as a Means of Payment Transactions (Case Study of the Muhammadiyah Zaenab Masykur Islamic Boarding School).” International Journal of Economics, Business Management and Accounting (IJEBMA) 6, no. 2 (2024): 255–62. doi:10.59890/ijebma.v6i2.2307.
Kurniady, Dedy Achmad, and Zaini Hafidh. “Empowerment Boarding School Institution - Study Fenomenologis Enterpreneurship Role of Kyai in Pondok Pesantren in Indonesia” 1, no. Ices 2017 (2018): 158–65. doi:10.5220/0007037601580165.
Luo, Dan, Man Luo, and Jiamin Lv. “Can Digital Finance Contribute to the Promotion of Financial Sustainability? A Financial Efficiency Perspective.” Sustainability (Switzerland) 14, no. 7 (2022). doi:10.3390/su14073979.
Lutfiyanto. Administrative Staff of the Al Amien Islamic Boarding School of Tahfidz, Direct Interview (July 18, 2023)., 2023.
M, Rehna John, and Vidhya Vinayachandran. “A Scientometric Analysis of Digital Financial Inclusion and Sustainability.” In Business, Management and Economics: Research Progress Vol. 8, 76–88. BP International, 2024. doi:10.9734/bpi/bmerp/v8/3083.
Misbah, Ahmad. “Model Manajemen Keuangan Syariah Di Pesantren: Meningkatkan Kemandirian Ekonomi Lembaga Pendidikan Islam Di Era Digital.” Nidhomiyyah: Jurnal Manajemen Pendidikan Islam 5, no. 2 (2024): 166–84. doi:10.38073/nidhomiyyah.v5i2.1940.
Mpofu, Favourite Y. “The Digital Financial Inclusion Conundrum.” In Financial Inclusion and Sustainable Development in Sub-Saharan Africa, 32–51. London: Routledge, 2024. doi:10.4324/9781003515715-3.
Mukarrom, Anton, and Ibn Thoyib. “Moderasi Beragama Pesantren Dalam Setiap Modernisasi Pendidikan (Telaah Kaidah Maslahat Ushul Fiqh).” Jurnal Dampar: Dirasat Asriyah Mutahadirah, no. 2 (2023): 273.
Muzammil. Chairman of the Management of Puncak Darussalam Islamic Boarding School, Live Interview (July 19, 2023), 2023.
Nafis, Ahmad Ghifary Rizalun, Nurfatin Nazilah Binti Zainol, and Millaturrofi’ah Millaturrofi’ah. “The Implementation Strategy of Non-Cash Payment Systems in The Islamic Boarding School Through Analytical Hierarchy Process Approach.” Economica: Jurnal Ekonomi Islam 12, no. 1 (2021): 27–53. doi:10.21580/economica.2021.12.1.6557.
Naimah, Ainur Rahman, Zawawi Ismail, Hamidah Binti Sulaiman, and Abdulaziz Kalupae. “Entrepreneurship Empowerment Strategy in Islamic Boarding Schools: Lesson from Indonesia.” Jurnal Pendidikan Islam 9, no. 2 (2020): 235–62. doi:10.14421/jpi.2020.92.235-262.
Nisak, Solihatun, and Rahmat Agus Santoso. “Ability Locus of Control in Mediating Islamic Attitude and Knowledge on Financial Behavior.” Ekuilibrium : Jurnal Ilmiah Bidang Ilmu Ekonomi 18, no. 2 (2023): 120–35. doi:10.24269/ekuilibrium.v18i2.2023.pp120-135.
OJK. Strategi Nasitonal Literasi Keuangan Indonesia 2021-2025. Jakarta, 2021.
———. Survei NasionalLiterasi Dan Inklusi Keuangan. Jakarta, 2024.
Otoritas Jasa Keuangan, Badan Pusat Statistik. Survei Nasional Literasi Dan Inklusi Keuangan Tahun 2024, 2024.
Rogers, Everett M. Diffusin of Innovations 5th Edition. 5th ed. New York: Free Press, 2003.
Rusgianto, Sulistya. “Dampak Inklusi Keuangan Digital Terhadap Pertumbuhan Ekonomi Berkelanjutan : Perspektif Indonesia Berita Terkini,” 2024. https://unair.ac.id/dampak-inklusi-keuangan-digital-terhadap-pertumbuhan-ekonomi-berkelanjutan-perspektif-indonesia/?utm_source=chatgpt.com.
Salim, Nur Agus, Muhammad Zaibi, Mahkamah Brantasari, Muhammad Ikhsan, and Andi Aslindah. “Islamic Boarding School Leadership Innovation: From Traditional to Modernization of Education.” Munaddhomah 5, no. 4 (2024): 447–60. doi:10.31538/munaddhomah.v5i4.1392.
Sherraden, Margaret Sherrard, Lissa Johnson, Baorong Guo, and William Elliott. “Financial Capability in Children: Effects of Participation in a School-Based Financial Education and Savings Program.” Journal of Family and Economic Issues 32, no. 3 (2011): 385–99. doi:10.1007/s10834-010-9220-5.
Singhania, Dimpal, and Goutam Tanty. “Understanding of Important Factors for the Adoption of Digital Payments.” Asian Journal of Management, 2023, 161–65. doi:10.52711/2321-5763.2023.00027.
Stoilova, Mariya, Monica Bulger, and Sonia Livingstone. “Do Parental Control Tools Fulfil Family Expectations for Child Protection? A Rapid Evidence Review of the Contexts and Outcomes of Use.” Journal of Children and Media 18, no. 1 (2024): 29–49. doi:10.1080/17482798.2023.2265512.
Sugiyono. Metode Penelitian Kuantitatif, Kualitatif Dan Kombinasi (Mixed Methods). Alfabeta. Bandung: Alfabeta, 2016.
Suhendra, Chairul, Ahmad Junaidi, and Muhammad Al Faridho Awwal. Keuangan Digital: Mengelola Risiko Dan Keamanan. 1st ed. Padang: Takaza Innovatix Labs, 2024.
Suleiman, Ajisatria, Thomas Dewaranu, and Noor Halimah Anjani. “Creating Informed Consumers: Tracking Financial Literacy Programs in Indonesia,” 2022. doi:https://doi.org/10.35497/358319.
Sumardi. Financial Staff of the Al Amien Islamic Boarding School of Tahfidz, Live Interview (July 14, 2023). Vol. 80, 2023.
Sun, Jingwen, and Jie Zhang. “Digital Financial Inclusion and Innovation of MSMEs.” Sustainability 16, no. 4 (2024): 1404. doi:10.3390/su16041404.
Susilo, Dahlan, Muhammad Dwi Nugroho, and Diyah Ruswanti. “Student Tuition Fee Management Using Web-Based Application System.” Tepian 4, no. 2 (2023): 80–88. doi:10.51967/tepian.v4i2.2643.
Syafi, Moh, and Lestari Widodo. “Improving the Quality of Education in Islamic Boarding School-Based Schools” 2, no. 1 (2024): 249–60. doi:https://doi.org/10.62740/jppuq.v2i1.224.
TaufiqurRakhman, M. “Kebijakan Kementerian Agama Dalam Membangun Kemandirian Pesantren Di Indonesia,” 2024. https://web.iaiglobal.or.id/assets/files/file_publikasi/Mukhammad Taufiqur Rakhman_RASHID September 2024.pdf?utm_source=chatgpt.com.
Ulfi, Izzani. “Tantangan Dan Peluang Kebijakan Non-Tunai: Sebuah Studi Literatur.” Jurnal Ilmiah Ekonomi Bisnis 25, no. 1 (2020): 55–65. doi:10.35760/EB.2020.V25I1.2379.
Windasari, Ihsanul. “Akuntabilitas Dan Transparansi Pengelolaan Keuangan Dalam Perspektif Islam.” Hasina: Jurnal Akuntansi Dan Bisnis Syariah 1, no. 1 (2024): 10–25. doi:https://doi.org/10.35897/hasina.v1i1.1395.
Wright, Richard, Erdal Tekin, Volkan Topalli, Chandler McClellan, Timothy Dickinson, and Richard Rosenfeld. “Less Cash, Less Crime: Evidence from the Electronic Benefit Transfer Program.” Journal of Law and Economics 60, no. 2 (2017): 361–83. doi:10.1086/693745.
Yang, Marvello, Abdullah Al Mamun, Muhammad Mohiuddin, Noorshella Che Nawi, and Noor Raihani Zainol. “Cashless Transactions: A Study on Intention and Adoption of e-Wallets.” Sustainability (Switzerland) 13, no. 2 (2021): 1–18. doi:10.3390/su13020831.
Yuneline, Mirza Hedismarlina, and Maria Firnandya Christian Rosanti. “The Role of Digital Finance, Financial Literacy, and Lifestyle on Financial Behaviour.” HOLISTICA – Journal of Business and Public Administration 14, no. 2 (2023): 97–115. doi:10.2478/hjbpa-2023-0018.
The journal operates an Open Access policy under a Creative Commons Non-Commercial Share-Alike license. All articles published Open Access will be immediately and permanently free for everyone to read and download.
• Creative Commons Attribution-NonCommercial (CC-BY-NC)
Iqtishadia: Jurnal Ekonomi dan Perbankan Syariah by http://ejournal.iainmadura.ac.id/index.php/iqtishadia is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Based on a work at http://ejournal.iainmadura.ac.id.
