https://ejournal.kopertais4.or.id/madura/index.php/IQTISODINA LPPM IAI Nazhatut Thullab en-US IQTISODINA 2722-8460 https://ejournal.kopertais4.or.id/madura/index.php/IQTISODINA/article/view/8464 <p><em>This study analyzes the impact of ZISWAF (Zakat, Infaq, Sedekah, and Waqf) fund distribution through Islamic financial institutions on financial stability and performance in Indonesia, amidst potential funds reaching IDR 233 trillion, but realization of only tens of trillions due to the dominance of consumer funds and weak governance. The study aimed to identify the integration mechanism of ZISWAF with Islamic finance and its implications for NPF, ROA, and Third Party Funds (DPK) indicators based on a content analysis of OJK documents for the 2020-2024 period. The method used was descriptive qualitative research using content analysis techniques on official financial reports, OJK publications, and Islamic institutional documents. The results showed a positive correlation between productive ZISWAF distribution and a decrease in NPF below 3%, an average increase in ROA of 1.8%, and 15% year-on-year growth in DPK through portfolio diversification and blended waqf finance. Although challenges of dependency on beneficiaries and fragmentation between institutions still hamper optimization. These findings recommend OJK regulations for integrated reporting standards and a minimum allocation of 60% of funds to productive schemes to strengthen the resilience of the national Islamic financial sector.</em></p> Adis Natasya Faradila Zahra Alfiana Bella Rahma Dewi Mohammad Soleh Copyright (c) 2026 IQTISODINA 2025-10-29 2025-10-29 8 2 1 10 https://ejournal.kopertais4.or.id/madura/index.php/IQTISODINA/article/view/8465 <p>This study aims to analyze the role of zakat, infaq, sedekah, and waqf (ZISWAF) in supporting the achievement of the Sustainable Development Goals (SDGs). ZISWAF is an Islamic social financial instrument with significant potential for promoting sustainable development, but its utilization remains suboptimal and not fully integrated with the SDGs agenda. This study used a qualitative approach with a literature review method through a review of scientific journals, books, and other relevant literature. The results indicate that ZISWAF plays a significant role in poverty reduction, improving social welfare, and empowering the community's economy, particularly through productive zakat, support for education and health, and the management of productive waqf. With professional, transparent management, and integration with development policies, ZISWAF has the potential to become a strategic instrument in supporting inclusive and sustainable development in accordance with the SDGs.</p> M. Rifqi Choirul Anwar Nafaatul Ummah Nida Alfina Nihlah Mohammad Soleh Copyright (c) 2026 IQTISODINA 2025-12-29 2025-12-29 8 2 11 23