ETHICS AND BENEFITS OF LASISMA IN ISLAMIC ECONOMIS PERSPECTIVE

Community based financial services play apivotal roleinad dressing financial exclusion and fostering equitable development, particularly in regions with limited access to conventional banking. Specific Background: Within the Islamic economics framework, Layanan Simpan Pinjam Jamaah(Lasisma) at BMTNU Gentengembodiesethical finance through the Qard Hasan contract—an interest-free loan aligned with Sharia principles. KnowledgeGap:However,empirical studies ontheethicaldi mensionsandsocioeconomic outcomes of such models remain scarce. Aims: This study aims to examine the ethical practices, economic benefits, and community impacts of Lasisma in promoting financial inclusion and social justice. Results: Using interviews and document analysis, the research finds that Lasisma fosters transparency, fairness, and mutual benefit while enhancingcommunitysolidarityandempowering small businesses. Novelty: Thestudyoffers a unique insight into how a localized, faith-based financial initiative operationalizes Islamic economic values in practice, particularly through collateral-free, ethical financing.
Implications:The findings contributeto the discourseonsustain ableeconomic development by illustrating how community-rooted Islamic financial services can serve as viable alternatives to conventional microfinance, aligning with both ethical mandates and socioeconomic empowerment goals.