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Economic development is one of the most important things in relation to the achievement of a successful economy in a country. One of the achievements of economic development is poverty alleviation. But, in the process of economic development, there are many imbalances. From the various types of inequality that occurred during the economic development process, it can be concluded that these imbalances occur because of the imbalance in the achievement of economic development, namely between the monetary and real sector. Nowadays, there are two concepts of economic development (capitalism and socialism economic). Since 1991, Islamic economy has been applied in Indonesia. It is not only about Islamic banking, but also Islamic finance, Islamic insurance, Islamic capital market, and Islamic development. The capitalism or socialism economy concept does not always offer the effective and efficient concept as expected in the development process. Then, what about an Islamic economy? Using an in-depth study literature method, it has been found that the Islamic financial system is able to answer the imbalance in the economic development process, particularly in terms of distribution that is comprehensive and consistent with the goals and objectives of the Millennium Development Goals (MDGs).

Islamic Financial Development as Efforts to Accelerate Economic Development and Poverty Alleviation