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Suleiman Alhaji Dauda1, Tijjani Muhammad2
- *Department of Economic and Development Studies Federal University, Gashua **Department of Islamic Studies (Islamic Banking and Finance) Federal Universuty, Gashua
- FAR Journal of Arts, Humanities And Social Studies (FARJAHSS)
- DOI
Abstract
The study investigates Islamic Social Finance as a voluntary offering in the Islamic Economic system, which plays a significant role in economic sustainability development. Conventional economic programs failed to reduce poverty and income inequality as experienced in the North East, Nigeria. This study uses quantitative research to assess Islamic Social Finance’s role in economic sustainability and poverty reduction. Findings indicate that Islamic Social Finance can improve social welfare, reduce income inequality, and lower regional burdens. Further development of Islamic Social Finance is needed for sustainable economic growth and poverty reduction.
