Islamic Social Finance, Modern Slavery of Children, and Sustainable Development Goals in Indonesia

The purpose of this study is to build an optimization model of Islamic social finance and evaluate the existence of Islamic social finance and its effect on reducing modern slavery of children, using the Islamic social finance optimization framework approach in alleviating poverty and several sustainable development goals in Indonesia. The existence of modern slavery which has re-emerged is an important concern to study because slavery is anti-development. Moreover, Islam seeks to abolish slavery, so that modern slavery should no longer occur in Islamic countries, including Indonesia. This research is conducted using a quantitative descriptive method, with Partial Least Square Method and data from Indonesia in particular since Indonesia is a country with the largest Muslim population in the world. This research is important to be carried out since this subject has never been studied quantitatively. The findings of this study, which are based on the discussion of existing data indicate that quantitatively, in the short term there is no impact on the distribution of Islamic social finance funds, in the form of zakat, infaq, sadaqah on modern slavery of children in Indonesia. Thus, Indonesia, considering that the existence of modern slavery is anti-development as marked by its effect on welfare, as an Islamic country with the largest population in the world should pay more attention to the eradication of modern slavery of children.