Financial sector have important role to develop economic growth in the country. Aim of this study are to analyze the causality between Islamic Banking towards economic growth in Indonesia, the response of economic growth in Indonesia during the shock of Islamic banking and the contribution from Islamic banking towards economic growth in Indonesia. The data used in this study is monthly report during 2010-2016. Analysis of the data used Vector Error Corection Model (VECM). The results are significant effect and bidirectional causality appears between financing and Gross Dosmetic Product (GDP). Impulse Resonse Function (IRF) analysis shows that response of economic growth is different between the shock on Islamic financing and Third Party Funds (DPK). Based on Forecast Error Variance Decomposition (FEVD), financing have greatest contribution towards the effect of economic growth but DPK have less contribution. In conclusion Islamic banking should have more efficient during the allocation of DPK to financing.

Micro, Small and Medium Enterprises (MSMEs) have a big contribution for Indonesia's gross domestic product and employment. Most MSMEs face capital constraints and limited access to formal financial institutions. Baitul Maal Wat Tamwil (BMT), which is one of the Islamic microfinance institutions, can be a solution to capital constraints faced by MSMEs. The study aims to analyze the MSME access to get the financing and the impact of BMT to their business development. The primary data is obtained from interviewing 45 respondents, i.e 30 respondents who receive funding from the BMT and 15 controlled respondents who do not receive funding in Bogor. MSME access to the BMT Islamic financing is analyzed by logistic regression logit model while the method used is multiple linear regression of Ordinary Least Square (OLS) in order to analyze the impact of BMT on the development of business. Logit regression results indicate that dummy business type, age, business turnover and deposits dummy, are the factors influencing MSME access to BMT financing. BMT financing has increased the MSME profit by 6.21 percent with an average of Rp 79.12 million to Rp 84.03 million per year. Based on the results of multiple linear regression of OLS, BMT financing has positive and significant impact on the change in business profits.

This study aims to compare the effectiveness of productive and consumptive zakat distribution in poverty alleviation. This study uses a CIBEST (Center of Islamic Business and Economics Studies) model which measures not only the material aspect of the poverty, but also the spiritual aspect of the respondents. The results proves that both zakat distribution types can increase welfare as well as reduce poverty of mustahik. Productive zakat can alleviate poverty more than consumtive zakat.

Waqf has a potential in developing a social and economic aspect of society. The development of waqf instrument in the attempt of social and economic growth is able to be obtained through the new concept of waqf, that is cash waqf. However, the realization of cash waqf collection was not met its potential. Based on the previous studies, one of the factors that caused the low quantity of cash waqf collection was the people that had less awareness and comprehension towards cash waqf. Even several people that already gave their waqf had only known the waqf in the form of immovable asset. This study aims to describe respondents' characteristics and analyze the possible factors that affect wakifs' perception towards cash waqf in Bogor City. The method used in this study was descriptive analysis and logistic regression analysis. This study was done in Bogor City and involved 50 respondents. Based on the data analysis results, wakifs' perception was known to be affected by their comprehension towards cash waqf and their social motivation.

The Special Region of Yogyakarta is one of the provinces with a high incidenceof poverty onJava Island. The number of mosques and the increase of zakat funds, infak, and sadaqaheach year is not sufficientto reduce the number of those in poverty. If the mosque is able tomanage the zakat, infak, and sadaqahfunds well, it can be predicted that the mosque would reduce poverty and increase the welfare of the community. This study aims to analyze the impact of zakat, infak, and sadaqah distribution in reducing poverty based on the Center for Islamic Business and Economic Studies (CIBEST) model (case study: Jogokariyan Baitul Maal Mosque, Yogyakarta). The results of the study indicate that there is an increase in welfare and a decrease in material poverty, spiritual poverty, and absolute poverty, as seen from changes in the Islamic CIBEST’s poverty indexes formustahik households. Keywords: CIBEST Model, Jogokariyan Mosque, Poverty, ZIS