Abstract In this article, we examine the role and ethics of IBF in the context of development and address the critique that IBF is merely a rebranding of the conventional sector and merely exploits and further marginalises beneficiaries for profit. We focus on Islamic microfinance (IMF) in Indonesia and explore how it is applied to poverty alleviation. In addition to a review of the research to date, we perform a qualitative sociolegal study involving 27 interviews of two IMF institutions’ (BMT Muda and BPRS Mitra Syariah in East Java) beneficiaries, field staff, management and industry stakeholders. Our fieldwork investigates how institution staff members apply Islamic rules and norms when implementing programs, noting any discrepancies between the rhetoric of the Islamic ethical framework for development and the practice. We ultimately argue that while IMF is still a work in progress that would benefit from further regulatory and institutional reform, it is generating wide-ranging economic, social and spiritual benefits. We find evidence of social empowerment and brotherhood in IMF, emblematic of Islamic ethics, as well as genuine contributions to the economic and social development of Indonesia

中文翻译：

---

将伊斯兰道德纳入发展：探索“伊斯兰”小额信贷在扶贫中的作用和局限性-印度尼西亚的案例研究

摘要在本文中，我们研究了IBF在发展背景下的作用和道德操守，并提出了这样的批评，即IBF只是对传统部门的重塑，只是剥削并进一步使受益者边缘化。我们专注于印度尼西亚的伊斯兰小额信贷（IMF），并探讨如何将其应用于减轻贫困。除了对迄今为止的研究进行回顾之外，我们还进行了定性的社会法律研究，涉及对两个IMF机构（东爪哇的BMT Muda和BPRS Mitra Syariah）受益人，现场工作人员，管理层和行业利益相关者进行了27次访谈。我们的现场工作调查了机构职员在实施计划时如何应用伊斯兰规则和规范，并注意到伊斯兰道德发展框架的言辞与实践之间的任何差异。我们最终认为，尽管IMF仍在进行中，但可以从进一步的监管和机构改革中受益，但它正在产生广泛的经济，社会和精神利益。我们发现有证据表明国际货币基金组织具有社会赋权和兄弟情谊，这是伊斯兰伦理的象征，也为印度尼西亚的经济和社会发展做出了真正的贡献