Title: Knowledge sharing and shadaqah economy schemes: a better future for Indonesia's economy

Authors: Muhardi Muhardi; Cici Cintyawati; Nurdin Nurdin; Aminuddin Irfani

Addresses: Faculty of Economics and Business, Department of Management, Bandung Islamic University, Jl. Taman Sari No. 1, Tamansari, Coblong, Bandung, 40116, Indonesia ' Faculty of Economics and Business, Department of Management, Bandung Islamic University, Jl. Taman Sari No. 1, Tamansari, Coblong, Bandung, 40116, Indonesia ' Faculty of Economics and Business, Department of Management, Bandung Islamic University, Jl. Taman Sari No. 1, Tamansari, Coblong, Bandung, 40116, Indonesia ' Faculty of Economics and Business, Department of Management, Bandung Islamic University, Jl. Taman Sari No. 1, Tamansari, Coblong, Bandung, 40116, Indonesia

Abstract: Poverty and lower levels of education remain major obstacles to social enhancement in Indonesia. Our research addresses these problems by aiming to bring about a collaboration between Islamic economic schemes such as 'shadaqah economy' and 'knowledge sharing' in Indonesia's pesantrens. Using a system dynamics model, our findings revealed that the application of shadaqah economy and knowledge sharing schemes can help reduce the poverty levels and increase the educational levels of the people who live in the vicinity of these pesantrens. These schemes are expected to enhance the quality of life of the poor in Indonesia.

Keywords: shadaqah economy; knowledge sharing; social welfare enhancement; poverty alleviation; system dynamics; pesantren; social entrepreneurship.

DOI: 10.1504/IJTGM.2021.114072

International Journal of Trade and Global Markets, 2021 Vol.14 No.2, pp.134 - 142

Received: 30 May 2019
Accepted: 25 Nov 2019

Published online: 06 Apr 2021 *

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