diff --git a/cmake/modules/FindSHLWAPI.cmake b/cmake/modules/FindSHLWAPI.cmake
--- a/cmake/modules/FindSHLWAPI.cmake
+++ b/cmake/modules/FindSHLWAPI.cmake
@@ -1,22 +1,41 @@
-# Try to find the SHLWAPI librairy
-# SHLWAPI_FOUND - system has SHLWAPI lib
-# SHLWAPI_INCLUDE_DIR - the SHLWAPI include directory
-# SHLWAPI_LIBRARY - Libraries needed to use SHLWAPI
+# Copyright (c) 2017-2020 The Bitcoin developers
+# Distributed under the MIT software license, see the accompanying
+# file COPYING or http://www.opensource.org/licenses/mit-license.php.
 
-if(SHLWAPI_INCLUDE_DIR AND SHLWAPI_LIBRARY)
-	# Already in cache, be silent
-	set(SHLWAPI_FIND_QUIETLY TRUE)
-endif()
+# .rst:
+# FindSHLWAPI
+# --------------
+#
+# Find the SHLWAPI library. The following conponents are
+# available::
+#   shlwapi
+#
+# This will define the following variables::
+#
+#   SHLWAPI_FOUND - True if the SHLWAPI library is found.
+#   SHLWAPI_INCLUDE_DIRS - List of the header include directories.
+#   SHLWAPI_LIBRARIES - List of the libraries.
+#
+# And the following imported targets::
+#
+#   SHLWAPI::shlwapi
 
-find_path(SHLWAPI_INCLUDE_DIR NAMES shlwapi.h)
-find_library(SHLWAPI_LIBRARY NAMES shlwapi)
+find_path(SHLWAPI_INCLUDE_DIR
+	NAMES shlwapi.h
+)
 
-message(STATUS "SHLWAPI lib: " ${SHLWAPI_LIBRARY})
+set(SHLWAPI_INCLUDE_DIRS "${SHLWAPI_INCLUDE_DIR}")
+mark_as_advanced(SHLWAPI_INCLUDE_DIR)
 
-include(FindPackageHandleStandardArgs)
-find_package_handle_standard_args(GMP DEFAULT_MSG SHLWAPI_INCLUDE_DIR SHLWAPI_LIBRARY)
-
-mark_as_advanced(SHLWAPI_INCLUDE_DIR SHLWAPI_LIBRARY)
+include(ExternalLibraryHelper)
+find_component(SHLWAPI shlwapi
+	NAMES shlwapi
+	INCLUDE_DIRS ${SHLWAPI_INCLUDE_DIRS}
+)
 
-set(SHLWAPI_LIBRARIES ${SHLWAPI_LIBRARY})
-set(SHLWAPI_INCLUDE_DIRS ${SHLWAPI_INCLUDE_DIR})
+include(FindPackageHandleStandardArgs)
+find_package_handle_standard_args(SHLWAPI
+	REQUIRED_VARS
+		SHLWAPI_INCLUDE_DIR
+	HANDLE_COMPONENTS
+)
diff --git a/src/CMakeLists.txt b/src/CMakeLists.txt
--- a/src/CMakeLists.txt
+++ b/src/CMakeLists.txt
@@ -332,8 +332,16 @@
 	set(Boost_THREADAPI win32)
 
 	find_package(SHLWAPI REQUIRED)
-	target_link_libraries(util ${SHLWAPI_LIBRARY})
-	target_include_directories(util PUBLIC ${SHLWAPI_INCLUDE_DIR})
+	# We cannot use the imported target here, because cmake will introduce an
+	# -isystem compilation directive and cause the build to fail with MinGw.
+	# This comes from a couple cmake bugs:
+	#  - https://gitlab.kitware.com/cmake/cmake/issues/16291
+	#  - https://gitlab.kitware.com/cmake/cmake/issues/19095
+	# These issues are solved from cmake 3.14.1. Once this version is enforced,
+	# the following can be used:
+	# target_link_libraries(util SHLWAPI::shlwapi)
+	target_link_libraries(util ${SHLWAPI_LIBRARIES})
+	target_include_directories(util PUBLIC ${SHLWAPI_INCLUDE_DIRS})
 
 	find_library(WS2_32_LIBRARY NAMES ws2_32)
 	target_link_libraries(util ${WS2_32_LIBRARY})
diff --git a/src/leveldb/CMakeLists.txt b/src/leveldb/CMakeLists.txt
--- a/src/leveldb/CMakeLists.txt
+++ b/src/leveldb/CMakeLists.txt
@@ -82,8 +82,16 @@
 	)
 
 	find_package(SHLWAPI REQUIRED)
-	target_link_libraries(leveldb ${SHLWAPI_LIBRARY})
-	target_include_directories(leveldb PUBLIC ${SHLWAPI_INCLUDE_DIR})
+	# We cannot use the imported target here, because cmake will introduce an
+	# -isystem compilation directive and cause the build to fail with MinGw.
+	# This comes from a couple cmake bugs:
+	#  - https://gitlab.kitware.com/cmake/cmake/issues/16291
+	#  - https://gitlab.kitware.com/cmake/cmake/issues/19095
+	# These issues are solved from cmake 3.14.1. Once this version is enforced,
+	# the following can be used:
+	# target_link_libraries(leveldb SHLWAPI::shlwapi)
+	target_link_libraries(leveldb ${SHLWAPI_LIBRARIES})
+	target_include_directories(leveldb PUBLIC ${SHLWAPI_INCLUDE_DIRS})
 else()
 	set(LEVELDB_PLATFORM POSIX)
 	target_sources(leveldb PRIVATE port/port_posix.cc)