The Effect of Sharia Microfinance, Minimum Wages, Economic Growth, and Human Development Index on Income Inequality in Indonesia

Authors

  • Alya Bunga Nursilo Universitas Sultan Ageng Tirtayasa
  • Tenny Badina Universitas Sultan Ageng Tirtayasa
  • Ahmad Fatoni Universitas Sultan Ageng Tirtayasa

DOI:

https://doi.org/10.30651/jms.v11i2.31156

Abstract

Income inequality remains a serious problem in the Indonesian economy. To achieve equitable social welfare, the government is striving to reduce income inequality in Indonesia. This study aims to analyze the influence of Islamic microfinance, minimum wages, economic growth, and the Human Development Index (HDI) on income inequality in Indonesia. Data used ranges from 2020 to 2024 across 17 provinces in Indonesia. The research method used is a panel data regression analysis model with the selected model being the Fixed Effects Model (FEM). The results of this study indicate that Islamic microfinance and human development index have a negative effect on income inequality in Indonesia, the minimum wage has a positive effect on income inequality in Indonesia and economic growth has no effect on income inequality in Indonesia.

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Published

2026-05-03

How to Cite

Alya Bunga Nursilo, Tenny Badina, & Ahmad Fatoni. (2026). The Effect of Sharia Microfinance, Minimum Wages, Economic Growth, and Human Development Index on Income Inequality in Indonesia. Jurnal Masharif Al-Syariah: Jurnal Ekonomi Dan Perbankan Syariah, 11(1). https://doi.org/10.30651/jms.v11i2.31156

Issue

Vol. 11 No. 1 (2026)

Section

Artikel

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