Jurnal Hukum Ekonomi Syariah
type: channel
description: Jurnal Hukum Ekonomi Syariah ISSN 2549-4872 (cetak), ISSN 2654-4970 (Online/elektronik) adalah media publikasi ilmiah peer review yang fokus menyebarluaskan hasil penellitian di bidang ilmu Hukum Ekonomi, Fiqh Muamalah, dan Ekonomi Syariah. Jurnal ini diterbitkan oleh Program Studi Hukum Ekonomi Syariah Fakultas Agama Islam Universitas Muhammadiyah Makassar bekerjasama dengan LP3M Unismuh Makassar. Jadwal Terbitan: Jurnal Hukum Ekonomi Syariah terbit secara berkala dua kali dalam setahun, yaitu pada bulan Juni dan Desember setiap tahunnya. Reputasi Jurnal: Jurnal Hukum Ekonomi Syariah telah diakreditasi oleh Akreditasi Jurnal Nasional (ARJUNA) yang dikelola oleh Kementerian Riset, Teknologi, dan Pendidikan Tinggi Republik Indonesia dengan Peringkat Empat (SINTA 4) sejak tahun 2019 hingga 2024 sesuai dengan SK No. B/3693/E5/E5.2.1/2019 Ketentuan Umum Naskah: Harap baca dan pahami pedoman penulis secara menyeluruh. Penulis yang mengirimkan naskah ke redaksi Jurnal Hukum Ekonomi Syariah harus mengikuti pedoman penulisan naskah yang sesuai dengan “article template” yang telah tersedia dan dapat di download pada side bar website ini. Jika naskah yang dikirimkan tidak mengikuti pedoman atau menggunakan format yang berbeda, maka akan ditolak oleh tim redaksi sebelum ditinjau. Tim Redaksi hanya akan menerima naskah yang memenuhi persyaratan format yang telah ditentukan.
publisher: Universitas Muhammadiyah Makassar
language: en
publication name: Jurnal Hukum Ekonomi Syariah
issn: 2549-4872
copyright: Dalam hal artikel diterima oleh Tim Editorial Jurnal Hukum Ekonomi Syariah, dengan nomor terdaftar ISSN 2549-4872 (print), ISSN 2654-4970 (Online) dan Penulis mempertahankan hak cipta dan memberikan jurnal hak publikasi pertama dengan karya yang secara bersamaan dilisensikan di bawah Lisensi Atribusi Creative Commons yang memungkinkan orang lain untuk berbagi karya dengan pengakuan atas kepenulisan karya dan publikasi awal dalam jurnal ini. Prodi Hukum Ekonomi Syariah, Fakultas Agama Islam, Universitas Muhammadiyah Makassar sebagai penerbit Jurnal Hukum Ekonomi Syariah, dengan nomor terdaftar ISSN 2549-4872 (print), ISSN 2654-4970 (Online) memegang hak publikasi pertama semua artikel yang diterbitkan dalam jurnal ini. Prodi Hukum Ekonomi Syariah, Fakultas Agama Islam, Universitas Muhammadiyah Makassar memiliki hak untuk mereproduksi dan mendistribusikan artikel dan penulis tidak diizinkan untuk menerbitkan artikel yang sama yang diterbitkan dalam jurnal ini. Pernyataan Keaslian dan Naskah Hak Cipta dapat diunduh: di sini Setelah mengisi surat pernyataan, silakan kirim via email: jurnal.hes@gmail.com License: Jurnal Hukum Ekonomi Syariah is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License. <img src="https://c.statcounter.com/t.php?sc_project=12059347&u1=D93B9B6B24E94F30B38B3F87F389FAAF&java=1&security=db07f611&sc_snum=1&sess=TEST&sc_rum_e_s=227&sc_rum_e_e=301&sc_rum_f_s=0&sc_rum_f_e=226&p=0&pv=15&rcat=d&rdomo=d&rdomg=5&jg=5&rr=350.301.263.232.198.160.97.60.44&resolution=1280&h=720&camefrom=https%3A//journal.unismuh.ac.id/index.php/jhes/manager/setup&u=https%3A//journal.unismuh.ac.id/index.php/jhes/manager/setup/3&t=Step%203.%20Guiding%20Submissions&sc_random=0.5553388036106959" alt="StatCounter - Free Web Tracker and Counter" border="0" /> View My Stats Authors are free to: Share: copy and redistribute the material in any medium or format Adapt: remix, transform, and build upon the material for any purpose, even commercially. The lic…
items: Strengthening Islamic Financial Inclusion Through Sharia Fintech: Implications for MSME Development in Parepare City, Indonesia
items: Legal Certainty of Islamic Banking Investment Products Under POJK No. 4 of 2026: A Sharia Economic Law Perspective
items: Muslim Consumer Protection in Buy Now Pay Later Transactions under Sharia Economic Law
items: Traditional Market Resilience and Adaptation in Indonesia: A Systematic Literature Review from an Islamic Economics Perspective
items: Islamic Fintech Literacy among University Students: An Analysis of Sharia Compliance and Consumptive Behavior Risk
items: The Jurisdiction Of The Religious Courts Over Islamic Banking Disputes In Indonesia
items: Analysis of Zakat, Infaq, and Sadaqah (ZIS) Management in Mosque Zakat Collection Units (UPZ) in Palembang City
items: Application Of Maqashid Sharia Principles in Green Sukuk Regulation in Indonesia
items: Analysis Of Sharia Compliance In Cryptocurrency Investment Practices In Indonesia
items: Review of Islamic Law on Pricing in Buying and Selling with Deferment of Payment in Damarpura Village
items: Critical Evaluation of Governance and Good Corporate Governance in Managing Mudharabah Deposits at Bank Aceh
items: Determination of Criteria for Income Zakat Recipients in Islamic Law at the Amil Zakat Infaq and Shodaqoh Muhammadiyah Institutions
items: Integrating Sharia Contracts and Digital Technology in Indonesian Digital Wallet Platforms
items: Business Law Ethics in the Perspective of Muhammadiyah Values: The Challenge of Applying Business Ethics in the Modern Era
items: Strengthening Judicial Authority In Sharia Economic Disputes: A Legal Study Of Indonesia’s Religious Courts
items: Analysis of Production Factors on Agro Industry Production Value in Central Lombok Regency from an Islamic Economic Perspective
items: The Urgency of Removing Halal Labels from Products Related to Israel: An Islamic Legal Review and MUI Fatwa Number 83 of 2023
items: The Role of Member Satisfaction in Mediating the Influence of Islamic Business Ethics and Service Quality on Loyalty in Islamic Cooperatives
items: The Transformation of Zakat in Indonesia: Integrating Religious Obligation and State Responsibility in Pursuit of Economic Justice
items: The Dynamics of Murabahah Commodity Financing Law in Islamic Banking: A Review of Muamalah Jurisprudence
items: The Concept of Digital Rupiah (Central Bank Digital Currency) as a Medium of Exchange in the Context of Sharia Economic Law
items: Reform of Islamic Inheritance Law and its Role in the Formation of National Inheritance Law
items: Buying and Selling Boycott Products and Maslahah Mursalah An Analysis of MUI Fatwa No. 83 of 2023
items: The Effect of Boycotts on Stock Volatility: An Event Study
items: Kepatuhan Syariah, Manajemen Laba dan Kepemilikan Kas: Bukti Empiris pada Perusahaan Manufaktur di Indonesia
items: Implementasi Strategi Bauran Pemasaran Menurut Ekonomi Islam pada Bisnis Batik Lokal Khas Lebak
items: Penerapan Metode Ta’zir dalam Sistem Perjanjian Utang Piutang Pata’gal Lita pada Suku Mandar Sulawesi Barat
items: Fintech P2P Lending: The Phenomenon of the Digital Financial Industry, Problems, and an Analysis from the Perspective of Islamic Economic Law
items: Al-‘Urf dan Al-‘Adah: Relevansi dan Tantangannya dalam Pembentukan Hukum Ekonomi Islam
items: Kontribusi Jual Beli Online dalam Mendukung Pemulihan Ekonomi: Perspektif Ekonomi Syariah di Masa Pasca Pandemi

Strengthening Islamic Financial Inclusion Through Sharia Fintech: Implications for MSME Development in Parepare City, Indonesia
type: item
description: The rapid growth of Sharia financial technology (fintech) has created significant opportunities to enhance Islamic financial inclusion and support the development of micro, small, and medium enterprises (MSMEs). However, empirical evidence regarding the mechanisms through which Sharia fintech influences MSME development remains limited, particularly in regional contexts in Indonesia. This study examines the mediating role of Islamic financial inclusion in the relationship between Sharia fintech services and MSME development. Using a quantitative approach, data were collected from 100 MSME owners in Parepare City, South Sulawesi, Indonesia, and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The results indicate that Sharia fintech has a positive and significant effect on Islamic financial inclusion and MSME development. Islamic financial inclusion also positively influences MSME development. Furthermore, Islamic financial inclusion partially mediates the relationship between Sharia fintech and MSME development, suggesting that the benefits of fintech adoption are strengthened through broader access to Sharia-compliant financial services. The structural model explains 50.1% of the variance in MSME development. These findings underscore the strategic role of Sharia fintech in fostering an inclusive Islamic financial ecosystem and promoting sustainable MSME growth. While the findings provide valuable insights into Islamic digital finance, they are based on MSMEs operating in Parepare City and should therefore be interpreted within this local context. This study contributes to the literature on Islamic digital finance by providing empirical evidence on the mediating role of Islamic financial inclusion and offers practical implications for policymakers, Islamic financial institutions, and fintech providers.
subject: Articles
  topic: section
creator: Syamsul Ma'arif
creator: Muzdalifah Muhammadun
creator: Syahriyah Semaun
creator: Andi Bahri S.
creator: Andi Ayu Frihatni
rights: Copyright (c) 2026 Syamsul Ma'arif, Muhammadun, Semaun, Bahri S., Frihatni https://creativecommons.org/licenses/by-sa/4.0
date: 2026-06-20
publication date: 2026-06-20
starting page: 1
ending page: 20
doi: 10.26618/s7kvd473

Legal Certainty of Islamic Banking Investment Products Under POJK No. 4 of 2026: A Sharia Economic Law Perspective
type: item
description: This study examines the legal certainty issues surrounding Islamic banking investment products before and after the enactment of Financial Services Authority Regulation No. 4 of 2026 on the Implementation of Islamic Banking Investment Products. The primary issue is the lack of a clear distinction between investment and deposit products, which may lead to misunderstandings about the status of funds, returns, risk-sharing arrangements, and banks’ responsibilities. This study aims to analyze the regulation of Islamic investment products under POJK No. 4 of 2026 and assess its legal certainty in light of Gustav Radbruch’s theory and its compatibility with the principles of Islamic economic law. This research employs a normative legal method, using statutory, conceptual, and analytical approaches, and draws on primary and secondary legal materials analyzed qualitatively. The findings indicate that POJK No. 4 of 2026 establishes an investment legal relationship distinct from fund collection activities by regulating investor customers, underlying assets, a two-stage contract structure, returns based on investment performance, the segregation of investment funds from Third-Party Funds, and obligations relating to governance, risk management, transparency, and investor protection. This regulation strengthens normative clarity, risk predictability, and the limits of banks’ liability, while remaining consistent with the principles of justice, trustworthiness, transparency, risk sharing, and hifz al-mal. Nevertheless, its effectiveness remains dependent on banks’ compliance, investor literacy, information transparency, and regulatory supervision.
subject: Articles
  topic: section
creator: Indah Fatmawati
creator: Leli Joko Suryono
rights: Copyright (c) 2026 Indah Fatmawati, Leli Joko Suryono https://creativecommons.org/licenses/by-sa/4.0
date: 2026-06-23
publication date: 2026-06-23
starting page: 44
ending page: 60
doi: 10.26618/rkbwt543

Muslim Consumer Protection in Buy Now Pay Later Transactions under Sharia Economic Law
type: item
description: This study examines Muslim consumer protection in Buy Now Pay Later (BNPL) transactions from the perspective of Sharia economic law. The rapid growth of digital marketplaces has encouraged the use of BNPL services as an alternative payment method that offers convenience, flexibility, and wider access to consumer financing. However, this system also raises legal and ethical concerns, particularly regarding transparency, late-payment penalties, potential riba, gharar, consumer vulnerability, and the adequacy of legal protection for Muslim consumers. This research employs a normative juridical method with a conceptual and statutory approach by analyzing Islamic legal principles, Sharia economic law, consumer protection regulations, and fintech-related legal frameworks. The study finds that BNPL transactions may be considered permissible if they fulfill the principles of fairness, transparency, mutual consent, and the absence of prohibited elements such as riba, excessive uncertainty, and exploitative clauses. Consumer protection in BNPL must therefore ensure clear disclosure of costs, fair contractual terms, responsible financing, data protection, and effective dispute resolution mechanisms. The study emphasizes the need for stronger Sharia compliance standards in digital financing practices to protect Muslim consumers while supporting innovation in the Islamic digital economy.
subject: Articles
  topic: section
creator: Haris Munandar
rights: Copyright (c) 2026 Haris Munandar https://creativecommons.org/licenses/by-sa/4.0
date: 2026-06-07
publication date: 2026-06-07
starting page: 1
ending page: 14
doi: 10.26618/332jh666

Traditional Market Resilience and Adaptation in Indonesia: A Systematic Literature Review from an Islamic Economics Perspective
type: item
description: Traditional markets have faced mounting competitive pressure from the rapid expansion of modern retail over the past two decades. This study analyzes the resilience of Indonesian traditional markets against modern-market dominance from an Islamic economics perspective, identifying the factors shaping their competitiveness and formulating adaptation strategies aligned with justice, sustainability, and the public good. Using a qualitative Systematic Literature Review under the PRISMA 2020 protocol, we synthesized 25 selected sources from 185 initial records retrieved from Google Scholar, Garuda Portal, DOAJ, and SINTA. Thematic analysis identified seven dominant themes social capital and communal trust, operational digitalization, regulation and legal protection, physical revitalization and management, local product differentiation, the Islamic economics perspective, and policy advocacy with social capital and digitalization confirmed as the two primary determinants of resilience. Islamic economic values, including honesty, the prohibition of gharar, economic ukhuwah, and the protection of small businesses, emerged as the ethical foundation of that resilience. The study’s principal contribution is a Six-Dimension Adaptation Strategy Model, grounded in Islamic economic values, that integrates the social, economic, institutional, digitalization, regulatory, and public-welfare dimensions traditional markets need to strengthen their resilience and compete with modern markets
subject: Articles
  topic: section
creator: Rifki Ramadhan
creator: Ega Saputra
creator: Rizal Fahlefi
rights: Copyright (c) 2026 Rifki Ramadhan, Ega Saputra, Rizal Fahlefi https://creativecommons.org/licenses/by-sa/4.0
date: 2026-06-22
publication date: 2026-06-22
starting page: 21
ending page: 43
doi: 10.26618/wvez5e36

Islamic Fintech Literacy among University Students: An Analysis of Sharia Compliance and Consumptive Behavior Risk
type: item
description: The rapid development of financial technology has significantly influenced students’ financial behavior, including the increasing use of Islamic fintech services. However, this convenience also raises concerns regarding compliance with Islamic principles and the risk of consumptive behavior. This study aims to descriptively measure the level of Islamic fintech literacy and students’ compliance with sharia principles, as well as to statistically examine the effect of Islamic fintech literacy on students’ consumptive behavior. This research employed a quantitative approach with a descriptive–explanatory survey design. The participants were 124 students from the Faculty of Economics and Business at Universitas Muhammadiyah Makassar, selected using purposive sampling. Data were collected through a Likert-scale questionnaire and analyzed using descriptive statistics and simple linear regression. The results indicate that students’ Islamic fintech literacy is at a moderate to high level, while compliance with sharia principles is at a moderate level. Regression analysis reveals that Islamic fintech literacy has a negative and significant effect on students’ consumptive behavior. In conclusion, Islamic fintech literacy serves as an important protective factor in reducing consumptive tendencies and promoting more ethical and sharia-compliant financial behavior among students.
subject: Articles
  topic: section
creator: Sulaeman
rights: Copyright (c) 2026 Sulaeman https://creativecommons.org/licenses/by-sa/4.0
date: 2025-06-28
publication date: 2025-06-28
starting page: 121
ending page: 132
doi: 10.26618/v71ge520

The Jurisdiction Of The Religious Courts Over Islamic Banking Disputes In Indonesia
type: item
description: The settlement of Islamic economic disputes, particularly those related to Islamic banking, falls under the jurisdiction of the Religious Courts in Indonesia. This study examines two main issues: the scope of the Religious Courts’ authority in resolving Islamic banking disputes and their readiness in terms of institutional structure, legal politics, and substantive law. The research aims to analyze the legal foundation of such authority and to assess the institutional and normative preparedness of the Religious Courts in handling Islamic banking disputes. This study employs a descriptive qualitative method with a normative–conceptual approach, using primary data derived from statutory regulations, legal documents, and relevant legal literature. The findings indicate that the absolute jurisdiction of the Religious Courts is expressly regulated in Article 49 of Law No. 3 of 2006, which authorizes these courts to examine, adjudicate, and resolve disputes among Muslims, including those arising from Islamic economic transactions. Furthermore, the readiness of the Religious Courts in resolving Islamic banking disputes encompasses three key aspects: the professionalism and legal competence of judges and court officials; the understanding of legal politics to harmonize the Islamic banking legal system with the conventional banking framework while upholding Islamic legal principles; and the strengthening of legal substance through the enactment of statutory regulations and the development of the Compilation of Islamic Economic Law (Kompilasi Hukum Ekonomi Syariah/KHES). These elements are essential to ensure effective and legally sound dispute resolution within the Religious Court system.
subject: Articles
  topic: section
creator: St Salehah Madjid
creator: Ulil Amri
creator: Pantja Nurwahidin
creator: Nurmi Nurmi
creator: Shokhrud Fayziev
rights: Copyright (c) 2026 St Salehah Madjid, Amri, Nurwahidin, Nurmi, Fayziev https://creativecommons.org/licenses/by-sa/4.0
date: 2025-12-29
publication date: 2025-12-29
starting page: 291
ending page: 310
doi: 10.26618/n7c5qe14

Analysis of Zakat, Infaq, and Sadaqah (ZIS) Management in Mosque Zakat Collection Units (UPZ) in Palembang City
type: item
description: Mosque Zakat Collection Units (UPZ) occupy a distinct strategic position, operating as grassroots collection centers and enjoying high communal trust. However, UPZ Mosques including the 369 officially registered units in Palembang City often operate within a duality: adhering to formal regulatory demands from BAZNAS while simultaneously managing limited human resources and organizational structures. This research aims to comprehensively analyze ZIS management practices within these Mosque UPZ in Palembang City. This study employed a descriptive qualitative approach utilizing a multiple case study design. The sample selection was conducted through Stratified Purposive Sampling, resulting in the selection of 18 Mosque UPZ representing variations in collection scale and location context. Primary data was gathered via in-depth interviews with key UPZ. The findings reveal significant heterogeneity in ZIS management practices among the sampled Mosque UPZ in Palembang City. While fundamental collection and local distribution activities generally align, primary challenges identified include inconsistent accountability systems (record-keeping and reporting) and limitations in certified human capital. UPZ with a large scale of collection tend to exhibit more structured and transparent management processes. ZIS management within Mosque UPZ in Palembang City requires strategic harmonization between community-based practices and formal accountability requirements. The practical implication of this study underscores the necessity for structured capacity building programs delivered by BAZNAS Palembang City. These programs should focus on improving financial literacy and standardized reporting among UPZ human resources.
subject: Articles
  topic: section
creator: Dessy Carolina
creator: M. Arief Apriansyah
creator: Meilinda Anggreni
creator: Tiara Nurpratiwi
rights: Copyright (c) 2026 Dessy Carolina, Apriansyah, Anggreni, Nurpratiwi https://creativecommons.org/licenses/by-sa/4.0
date: 2025-12-27
publication date: 2025-12-27
starting page: 275
ending page: 290
doi: 10.26618/a8zexj74

Application Of Maqashid Sharia Principles in Green Sukuk Regulation in Indonesia
type: item
description: This study aims to analyze the application of maqāṣid al-sharī‘ah principles in the regulation of green sukuk in Indonesia as a Sharia-compliant financial instrument supporting sustainable development. Green sukuk are Islamic securities that are not classified as debt instruments, but rather represent ownership of assets or projects being financed, particularly environmentally friendly projects such as renewable energy, energy efficiency, waste management, sustainable transportation, and climate change adaptation. This research employs a normative juridical approach by examining laws and regulations governing green sukuk, including regulations issued by the Financial Services Authority (OJK) and fatwas of the National Sharia Council of the Indonesian Ulama Council (DSN-MUI). The analysis links these legal provisions with the framework of maqāṣid al-sharī‘ah as the fundamental objectives of Islamic law. The findings indicate that Indonesia’s green sukuk regulations are substantially aligned with maqāṣid al-sharī‘ah principles, particularly in safeguarding religion (ḥifẓ al-dīn) through Sharia compliance, protecting life and the environment (ḥifẓ al-nafs and ḥifẓ al-bī’ah) through sustainable project financing, preserving intellect (ḥifẓ al-‘aql) through governance and transparency, and protecting wealth (ḥifẓ al-māl) through fair asset management and return mechanisms free from riba, gharar, and maysir. Therefore, green sukuk function not only as Sharia financial instruments but also as a means of realizing justice, sustainability, and public welfare within Islamic economic law in Indonesia.
subject: Articles
  topic: section
creator: Zahrotul Ma'asah Ma'asah
rights: Copyright (c) 2026 AHMAD S.KOM https://creativecommons.org/licenses/by-sa/4.0
date: 2025-12-28
publication date: 2025-12-28
starting page: 258
ending page: 274
doi: 10.26618/amfe4n27

Analysis Of Sharia Compliance In Cryptocurrency Investment Practices In Indonesia
type: item
description: The development of cryptocurrency in Indonesia as an investment instrument has shown significant growth, but it still faces challenges in terms of regulation, consumer protection, high price volatility, and potential incompatibility with sharia principles, particularly those related to gharar, maysir, and riba. This study aims to analyze the legal position of crypto assets in national regulations and evaluate their level of Sharia compliance for Muslim investors in the context of digital muamalah. This study uses a qualitative method with a descriptive-analytical approach through content analysis of academic literature, fatwas from scholars, regulations from the Commodity Futures Trading Regulatory Agency (Bappebti), and related industry reports. The results of the analysis show that cryptocurrency in Indonesia is legally positioned as an investment commodity and not as a legal tender. From a Sharia perspective, cryptocurrency compliance is conditional and highly dependent on the characteristics of the asset and its transaction mechanisms. Highly speculative crypto assets without clear underlying assets tend to carry the risk of non-compliance with Sharia law, while instruments such as stablecoins and profit-sharing schemes have greater potential for compliance if they meet the principles of transparency, clarity of transaction objects, and freedom from usury. This study confirms that cryptocurrency cannot be classified absolutely as halal or haram, but rather requires contextual assessment. These findings contribute to strengthening the regulatory discourse and form the basis for the development of Sharia-based crypto investment standards in Indonesia.
subject: Articles
  topic: section
creator: Nur Aini Mar'atus Solichah
creator: Nur 'Afina Arif
creator: Muhammad Fachrul Fathoni
creator: Ahmad Muis
rights: Copyright (c) 2026 Nur Aini Mar'atus Solichah, Nur 'Afina Arif, Muhammad Fachrul Fathoni, Ahmad Muis https://creativecommons.org/licenses/by-sa/4.0
date: 2025-12-23
publication date: 2025-12-23
starting page: 222
ending page: 242
doi: 10.26618/rh5zq154

Review of Islamic Law on Pricing in Buying and Selling with Deferment of Payment in Damarpura Village
type: item
description: The practice of buying and selling in rural areas is often simple and trust-based, but behind this simplicity often arises the problem of price clarity that has the potential to cause injustice. This study aims to analyze the pricing system in the buying and selling of agricultural tools in Damarpura Village, Buana Pemaca District, South OKU Regency, and to examine its conformity with the principles of Islamic law. The research method used is a qualitative approach with a case study design through direct observation and interviews with one seller and eleven buyers. The results of the study show that there are two payment systems, namely cash and deferral. Cash prices are agreed at the beginning of the contract, while deferred prices are only informed after payment with a significant price difference without written records. This practice contains elements of gharar (ambiguity) that are contrary to the principles of price clarity (jahl bi al-tsaman), justice ('adl), and willingness (tarādhī) in fiqh muamalah, as it creates an information imbalance between sellers and buyers. The conclusion of this study emphasizes the importance of clear pricing at the beginning of the contract, transaction recording, and muamalah fiqh education so that transactions run transparently, fairly, and in accordance with sharia principles
subject: Articles
  topic: section
creator: Rita Zahara
creator: Relit Nur Edi
creator: Helma Maraliza
rights: Copyright (c) 2025 Rita Zahara, Relit Nur Edi, Helma Maraliza https://creativecommons.org/licenses/by-sa/4.0
date: 2025-12-05
publication date: 2025-12-05
starting page: 180
ending page: 199
doi: 10.26618/5wne9j94

Critical Evaluation of Governance and Good Corporate Governance in Managing Mudharabah Deposits at Bank Aceh
type: item
description: The management of mudharabah deposits at Bank Aceh Syariah presents governance challenges arising from limited coordination among the Board of Commissioners, the Board of Directors, and the Sharia Supervisory Board. This study investigates how these governance organs perform their supervisory, operational, and sharia compliance roles in managing deposit funds. Unlike previous studies that focus mainly on structural aspects of governance, this research highlights the practical gaps that emerge when strategic decision-making is dominated by a single governance organ. Using a qualitative approach, data were collected through interviews, observations, and document reviews. The findings show that although the governance structure appears adequate, its implementation is hindered by restricted information flow, the Directors’ dominance in strategic decisions, and the Sharia Supervisory Board’s limited substantive involvement. These insights provide a novel contribution by illustrating how governance dynamics directly shape intermediation effectiveness and sharia compliance. The study concludes that a more integrated governance framework is essential to strengthen accountability, enhance sharia alignment, and support regional economic development
subject: Articles
  topic: section
creator: Muhammad Agmar Media
creator: Marzuki Marzuki
creator: Teuku Yasman Saputra
creator: Mukhsin Nuzula
rights: Copyright (c) 2025 Media, Marzuki, Saputra, Nuzula https://creativecommons.org/licenses/by-sa/4.0
date: 2025-12-06
publication date: 2025-12-06
starting page: 200
ending page: 208
doi: 10.26618/y0g0ya75

Determination of Criteria for Income Zakat Recipients in Islamic Law at the Amil Zakat Infaq and Shodaqoh Muhammadiyah Institutions
type: item
description: Increasingly diverse socio-economic changes require zakat institutions to adjust the procedure for determining mustahik so that the distribution of income zakat takes place appropriately and in accordance with the principles of justice. This study aims to examine how LAZISMU Metro formulates the criteria for income zakat recipients and assesses its conformity with the principles of Islamic law. Through a qualitative approach, data was obtained from interviews with zakat managers and recipients as well as a review of official institutional documents. The findings of the study show that although LAZISMU Metro still makes eight asnaf as the basis of sharia, the institution makes practical adjustments to respond to today's social developments. The process of determining mustahik is carried out through systematic administrative stages, including submitting forms, field observations, verification, and determination in institutional meetings. The novelty of this research lies in the identification that operational modifications to asnaf can be carried out without deviating from the framework of maqāṣid al-syarī'ah, so that zakat plays a role not only as short-term assistance, but also as an instrument of empowerment and improvement of sustainable welfare. Thus, this study emphasizes the urgency of sharia-based flexibility so that zakat management remains adaptive to contemporary social challenges.
subject: Articles
  topic: section
creator: Nanda Amulia Fitri
creator: Khoiruddin
creator: Apriansyah
rights: Copyright (c) 2025 Nanda Amulia Fitri, Khoiruddin, Apriansyah https://creativecommons.org/licenses/by-sa/4.0
date: 2025-12-07
publication date: 2025-12-07
starting page: 209
ending page: 221
doi: 10.26618/04kymm32

Integrating Sharia Contracts and Digital Technology in Indonesian Digital Wallet Platforms
type: item
description: Digitalization in the field of Islamic finance is now a top priority, along with the rapid development of technology. This research discusses the implementation of digital contracts that comply with Sharia principles, while examining the challenges of integrating Islamic law with digital technology on electronic wallet platforms. Using a qualitative and descriptive-exploratory approach, data was collected thru literature studies and interviews with Islamic financial institutions, fintech practitioners, and users. The results show significant progress in the implementation of digital contracts, but there are still gaps in aligning Sharia rules with digital systems. The main challenges include the legal validity of digital contracts, the protection of personal data, and transaction security. This research emphasizes the importance of clear and flexible regulations to ensure that digital financial transactions remain in accordance with Sharia principles. Additionally, it is recommended to strengthen the legal framework, improve public understanding of Sharia-compliant fintech, and improve security infrastructure. Thru the analysis of real-world cases such as GoPay and LinkAja Syariah, this research proposes a model for developing digital contracts that are transparent, secure, and fully compliant with Sharia law. Overall, this research contributes to the broader discussion on Islamic digital finance by providing insights into the suitability of regulations and ethical digitalization, thus supporting the growth of a sustainable and inclusive Islamic financial ecosystem.
subject: Articles
  topic: section
creator: Muhammad Robbani Ridho Robbani
creator: Imron Rosyadi
rights: Copyright (c) 2025 Muhammad Robbani Ridho Robbani, Rosyadi https://creativecommons.org/licenses/by-sa/4.0
date: 2025-12-02
publication date: 2025-12-02
starting page: 145
ending page: 166
doi: 10.26618/j6yjsc52

Business Law Ethics in the Perspective of Muhammadiyah Values: The Challenge of Applying Business Ethics in the Modern Era
type: item
description: The rapid development of information and communication technology in Indonesia's business sector has made the existing business sector increasingly complex and competitive. The application of strong ethics is very important to maintain integrity and trust among business actors, considering that the challenges faced by business actors are also based on Islamic principles. The perspective of Muhammadiyah values, which are based on Islamic teachings that prioritize justice and ethics, has an important point in making a significant contribution to overcoming the challenges that exist in business ethics today. This study aims to identify and analyze the principles of business law ethics from the perspective of Muhammadiyah values, exploring the challenges faced in the application of business ethics from the perspective of Muhammadiyah values in the modern era. This research uses a literature study research method, which is a series of activities related to collecting library data, reading and recording, and managing research materials. The context of this research is important to examine in order to strengthen the position of business ethics from the Muhammadiyah perspective.
subject: Articles
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creator: Resmaya Agnesia Mutiara Sirait
creator: Anita Yuliastini
creator: Thadeus Yus
creator: Annurdi
rights: Copyright (c) 2025 Sirait, Yuliastini, Yus, Annurdi https://creativecommons.org/licenses/by-sa/4.0
date: 2025-12-03
publication date: 2025-12-03
starting page: 167
ending page: 179
doi: 10.26618/hck7aq11

Strengthening Judicial Authority In Sharia Economic Disputes: A Legal Study Of Indonesia’s Religious Courts
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description: This study explores the legal and institutional dynamics of Sharia economic dispute resolution in Indonesia by analyzing the impact of Law No. 3 of 2006 and Law No. 50 of 2009 on the jurisdiction and functioning of the Religious Courts. In response to the rapid growth of Islamic finance, the study investigates how Indonesia's judiciary has adapted to accommodate Sharia-based commercial transactions. Using a normative-juridical approach and library-based legal research, the study evaluates primary legislation, court rulings, and relevant scholarly discourse. The findings show that Law No. 3 of 2006 significantly redefined the role of Religious Courts by formally granting them the authority to adjudicate Sharia economic disputes. Law No. 50 of 2009 further enhanced legal clarity and institutional capacity, thus fostering a supportive environment for Islamic finance. Despite these advancements, the implementation process faces persistent challenges. These include inadequate judicial training, underutilization of alternative dispute resolution methods, and procedural inconsistencies. The study also notes a lack of public trust in Religious Courts and insufficient integration between Sharia principles and national legal standards. The study concludes that while statutory reforms have laid a robust foundation comprehensive institutional and procedural adjustments are essential for ensuring legal certainty and promoting the legitimacy of Sharia economic dispute resolution. This research contributes to the growing discourse on Islamic legal reform and offers policy-relevant insights for harmonizing religious and national legal systems in pluralistic societies.
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creator: Ridwan Malik
creator: M. Thahir Maloko
creator: Fatmawati Fatmawati
rights: Copyright (c) 2026 Ridwan Malik, M. Thahir Maloko, Fatmawati Fatmawati https://creativecommons.org/licenses/by-sa/4.0
date: 2025-12-27
publication date: 2025-12-27
starting page: 243
ending page: 257
doi: 10.26618/csf64p78

Analysis of Production Factors on Agro Industry Production Value in Central Lombok Regency from an Islamic Economic Perspective
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description: This study aims to analyze the function of production factors on the agro industry production value in Central Lombok Regency from an islamic economic perspective. It was hypothesized that an increase in production factors such as labor, capital, and raw materials would align with an increase in production value. The research employed a quantitative descriptive approach using secondary data from 2018-2022. The analysis included descriptive statistics, Compound Annual Growth Rate (CAGR), Pearson correlation, economic ratios, and productivity analysis. The results indicate a very strong correlation among production factors (r=0.944-0.999), with raw materials and production value showing the highest correlation (r=0.999). Labor productivity experienced an average decrease of 0.38% per year, while investment grew by 1.015% annually. The proportion of labor costs was only 4.72% of the production value, indicating a capital intensive characteristic. Raw material efficiency remained stable at 2.42, with value added reaching 58.66%. From an Islamic economic perspective, this industry demonstrates alignment with tawhid, but requires improvements in distributive justice ('adl) and maslahah optimization. This research contributes theoretically to the integration of Islamic economics with industrial analysis and offers practical recommendations for the development of a just and sustainable agro industry.
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creator: Baiq Sufia Kasih
creator: Syawahid Syawahid
creator: Nining Purwati
rights: Copyright (c) 2025 Baiq Sufia Kasih, Syawahid Syawahid, Nining Purwati https://creativecommons.org/licenses/by-sa/4.0
date: 2025-06-22
publication date: 2025-06-22
starting page: 88
ending page: 103
doi: 10.26618/64rdwg08

The Urgency of Removing Halal Labels from Products Related to Israel: An Islamic Legal Review and MUI Fatwa Number 83 of 2023
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description: This article discusses the urgency of revoking halal labeling of products affiliated with Israel in the perspective of Islamic law and is reviewed based on the Indonesian Ulema Council (MUI) Fatwa No. 83 of 2023 concerning Support for the Palestinian Struggle. The fatwa emphasizes that supporting the Palestinian struggle is a moral and religious obligation of Muslims, and states that it is forbidden to support parties that directly or indirectly assist Israeli aggression, including through economic transactions. This research uses a juridical-theological approach that combines Islamic legal analysis with the principles of Islamic theology, to identify the law, relevance, and urgency of revoking the halal labeling of Israeli products and their affiliates. The results of the analysis show that the revocation of halal labeling of these products is not only relevant in fiqh law, but also urgent as a form of real implementation of the principle of al-wala` wa al-bara` (the principle of solidarity and detachment in Islam) and other Islamic values, as well as a strategic effort to suppress Israel's economic dominance. Thus, the need for a review of halal certification standards is an important part of supporting the struggle for Palestinian independence
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creator: Najikha Akhyati
rights: Copyright (c) 2025 Najikha Akhyati https://creativecommons.org/licenses/by-sa/4.0
date: 2025-06-20
publication date: 2025-06-20
starting page: 73
ending page: 87
doi: 10.26618/qgzmj825

The Role of Member Satisfaction in Mediating the Influence of Islamic Business Ethics and Service Quality on Loyalty in Islamic Cooperatives
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description: This study aims to analyze the influence of Islamic Business Ethics and service quality on member loyalty, with member satisfaction as a mediating variable at KSPPS BMT Mutiara Umat Sejahtera Kudus. The research sample consisted of 168 members with data obtained through questionnaires. The analysis was conducted using the Structural Equation Modeling (SEM) method with the help of AMOS 24.0 software. The validity and reliability tests included convergent validity, average variance extracted (AVE), discriminant validity, and construct reliability. The results showed that Islamic Business Ethics did not have a direct effect on loyalty but had a significant effect on member satisfaction. Conversely, service quality has a significant effect on member satisfaction and loyalty. Member satisfaction was found to fully mediate the relationship between Islamic Business Ethics and loyalty, and partially mediate the relationship between service quality and loyalty. These findings indicate that improving Islamic Business Ethics and service quality can increase satisfaction, which in turn has an impact on member loyalty.
subject: Articles
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creator: achmad farizal
rights: Copyright (c) 2025 achmad farizal https://creativecommons.org/licenses/by-sa/4.0
date: 2025-06-19
publication date: 2025-06-19
starting page: 57
ending page: 72
doi: 10.26618/v9sqjg20

The Transformation of Zakat in Indonesia: Integrating Religious Obligation and State Responsibility in Pursuit of Economic Justice
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description: This research aims to analyze the regulation of zakat in the Indonesian legal system as well as evaluate its implementation as an instrument of community economic justice, by examining the balance between religious obligations and the role of the state in the management of zakat. The research uses normative-empirical approach with descriptive-qualitative analysis method. Primary data is obtained from the study of Law No. 23/2011 on Zakat Management, its derivative regulations, and court decisions related to zakat disputes. Secondary data include reports of the National Amil Zakat Agency (BAZNAS), scientific articles, and previous research on the effectiveness of zakat in economic development. Data collection is done through document study and literature review. Data analysis uses content analysis of zakat regulations and policies to identify gaps between theory and practice. The results show that zakat regulation in Indonesia has provided strong legal legitimacy, but its implementation still faces obstacles such as institutional fragmentation between BAZNAS and LAZ. Religiously, there is still low compliance of Muslim society to give zakat. In addition, Zakat has the potential to be an effective economic redistribution tool, but its distribution has not been optimal in reducing social inequality. The role of the state in supervision and standardization of zakat management needs to be strengthened to ensure transparency and accountability. This study concludes that the integration of religious obligation and state responsibility in zakat regulation has not fully achieved the goal of economic justice, so more progressive policy reforms are needed.
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creator: Restia Gustiana
creator: Najikha Akhyati
creator: Maria Ulfa
rights: Copyright (c) 2025 Restia Gustiana, Najikha Akhyati, Maria Ulfa https://creativecommons.org/licenses/by-sa/4.0
date: 2025-06-14
publication date: 2025-06-14
starting page: 47
ending page: 56
doi: 10.26618/j-hes.v9i1.18528

The Dynamics of Murabahah Commodity Financing Law in Islamic Banking: A Review of Muamalah Jurisprudence
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description: Islamic banking is a financial institution based on Sharia principles, particularly in the contractual products it offers. Murabahah commodity or tawarruq financing refers to a sale and purchase transaction involving deferred payments, structured with the primary objective of obtaining immediate cash liquidity. The purpose of this study is to examine more deeply the legal status of commodity murabahah financing in Islamic banking from the perspective of fiqh muamalah, by analyzing its implementation and the boundaries set by Sharia banking regulations. The research aims to determine the validity and legality of commodity murabahah contracts based on the regulatory frameworks in three countries: Saudi Arabia, Malaysia, and Indonesia. This article is categorized as field research with a qualitative approach. The methodology used is normative legal research, presented in a descriptive-analytical manner The research results conclude that the concept of murabahah commodity financing in Islamic banking, such as in Saudi Arabia and Malaysia, is allowed to be implemented with the respective regulations and provisions of each country. Whereas in Indonesia, murabahah commodity financing is still a subject of debate among scholars, so it cannot be fully implemented in Islamic banking. Although the commodity murabahah financing product cannot yet be used, in the DSN-MUI Fatwa No. 82 of 2011, similar transactions are permitted with several additional conditions that must be implemented in the execution of the transaction contract.
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creator: Muhamad Faizal Akbar
rights: Copyright (c) 2025 Muhamad Faizal Akbar https://creativecommons.org/licenses/by-sa/4.0
date: 2025-06-26
publication date: 2025-06-26
starting page: 104
ending page: 120
doi: 10.26618/wfr9fs65

The Concept of Digital Rupiah (Central Bank Digital Currency) as a Medium of Exchange in the Context of Sharia Economic Law
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description: The development of digital technology has prompted central banks to develop Central Bank Digital Currency (CBDC), including in Indonesia with the introduction of Digital Rupiah. Although it has been legally recognized through Law Number 4 of 2023 concerning the Development and Strengthening of the Financial Sector (P2SK Law), its compatibility with Sharia Economic Law is still being debated. Therefore, this study aims to analyze the Digital Rupiah as a medium of exchange from the perspective of Islamic Economic Law, particularly in relation to public interest and the objectives of Sharia law. This study employs a descriptive-analytical qualitative method with a normative approach, examining relevant regulations and comparing the concept of the Digital Rupiah with principles in Islamic Economic Law based on literature reviews from academic sources, scientific journals, and official documents from the Bank of Indonesia. The results of the study indicate that the Digital Rupiah is consistent with the objectives of Sharia law, particularly in terms of hifzh al-mal (preserving wealth) through value stability and hifzh al-aql (preserving intellect) through transaction transparency and technology-based financial inclusion. Additionally, the Digital Rupiah enhances hifzh an-nafs (preserving life) through a safer financial system. The Digital Rupiah can be accepted under Islamic Economic Law, provided its implementation remains within the framework of justice, public interest, and is free from riba gharar and maisir. However, there are still several challenges faced by the Digital Rupiah, such as the need for further regulation regarding distribution, ownership, user protection, transaction mechanisms, and conversion, the need for digital security updates, and educating the public to ensure optimal distribution and usage.
subject: Articles
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creator: Muhammad Fakhriel Zayida
creator: Didah Durrotun Naafisah
creator: M. Asro
creator: M. Anton Athoillah
rights: Copyright (c) 2025 Muhammad Fakhriel Zayida https://creativecommons.org/licenses/by-sa/4.0
date: 2025-06-15
publication date: 2025-06-15
starting page: 18
ending page: 36
doi: 10.26618/j-hes.v9i1.17695

Reform of Islamic Inheritance Law and its Role in the Formation of National Inheritance Law
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description: This study examines the reform of Islamic inheritance law and its role in the formation of a national inheritance law that is more just, inclusive and adaptive to social change. Using the literature research method, this study examines the principles of Islamic inheritance law and its contribution to the national legal system. The results show that the reform of Islamic inheritance law is an important part of the development of national inheritance law, with a major role in improving social justice, legal certainty, and accommodation to the diversity of society. This reform is realized through several strategies, namely: (1) increasing gender equality in the distribution of inheritance, (2) harmonizing Islamic inheritance law with civil law, (3) adjusting the principles of inheritance distribution to be more relevant to the social context, and (4) applying the concept of mandatory will to protect the rights of certain heirs. This research confirms that Islamic inheritance law reform not only plays a role in strengthening the national legal system, but also becomes a strategic element in creating a more cohesive, responsive, and just inheritance law.
subject: Articles
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creator: Hikmatullah Djamud
creator: Naf'an Tarihoran
creator: Nurul Ma'rifa
creator: Abdul Fauzan
creator: Aniyatussaidah Aniyatussaidah
rights: Copyright (c) 2025 Hikmatullah Djamud https://creativecommons.org/licenses/by-sa/4.0
date: 2025-06-15
publication date: 2025-06-15
starting page: 1
ending page: 17
doi: 10.26618/j-hes.v9i1.17430

Buying and Selling Boycott Products and Maslahah Mursalah An Analysis of MUI Fatwa No. 83 of 2023
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description: The issuance of Fatwa No. 83 of 2023 by the Indonesian Ulema Council (MUI), which calls on Muslims to avoid products affiliated with Israel, has triggered a wide social, economic and religious discourse in Indonesia. The fatwa is not merely a moral call, but rather a normative directive in Islamic law rooted in the principle of maslahah mursalah - a consideration of the public good that is not explicitly mentioned in sacred texts, but is in line with the objectives of sharia. This study analyzes the fatwa through the perspective of contemporary Islamic fiqh and assesses its broader socio-economic implications. The research uses a descriptive qualitative method with a normative-theological approach, relying on literature study as the main technique of data collection, and supported by content analysis and critical review. The results show that this fatwa is based on strong theological foundations and strengthens the collective solidarity of Muslims towards the Palestinian cause. It introduces a model of non-violent resistance through economic jihad, encouraging Muslim consumers to practice ethical consumption. However, its implementation faces challenges, including limited access to information regarding product affiliations, consumer dependence on global brands, and economic risks for small businesses. This fatwa reflects a dynamic form of contemporary ijtihad, demonstrating the active engagement of scholars in responding to global injustices. Although not legally binding, these fatwas have strong normative authority in shaping Muslim consciousness towards justice, humanity and public good. This study emphasizes the importance of policy synchronization and public education to increase the practical impact of this fatwa in Indonesia's pluralistic society.
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creator: Erty Rospyana Rufaida
creator: Alamsyah Alamsyah
rights: Copyright (c) 2025 Alamsyah Alamsyah https://creativecommons.org/licenses/by-sa/4.0
date: 2025-06-15
publication date: 2025-06-15
starting page: 37
ending page: 46
doi: 10.26618/j-hes.v9i1.18601

The Effect of Boycotts on Stock Volatility: An Event Study
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description: This research investigates the impact of the MUI (Majelis Ulama Indonesia) fatwa number 83 of 2023, which calls for a boycott of products affiliated with Israel, on the stock performance of targeted companies. The primary objective is to analyze market reactions to the fatwa announcement, employing an event study approach to measure abnormal stock returns before and after the announcement. Data was collected using purposive sampling from companies identified as boycott targets, including PT. Fast Food Indonesia Tbk, PT. Map Boga Adiperkasa Tbk, PT. Sarimelati Kencana Tbk, and PT. Unilever Indonesia Tbk. The findings reveal a significant decline in abnormal returns for the targeted companies following the fatwa announcement, indicating a negative investor reaction that led to increased selling activity. This study highlights the strategic implications for companies facing boycotts, emphasizing the need for risk mitigation strategies in response to consumer sentiment. Additionally, it suggests further research incorporating qualitative methods to delve deeper into investor behavior regarding such fatwas.
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creator: Nur Hishaly GH
creator: Muh Ginanjar
creator: Muhammad Nurhadi N
creator: Wafiq Asizah
rights: Copyright (c) 2025 Nur Hishaly GH, Muh Ginanjar, Muhammad Nurhadi N, Wafiq Asizah
date: 2025-12-27
publication date: 2025-12-27
starting page: 177
ending page: 187
doi: 10.26618/j-hes.v8i2.16501

Kepatuhan Syariah, Manajemen Laba dan Kepemilikan Kas: Bukti Empiris pada Perusahaan Manufaktur di Indonesia
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description: Penelitian ini menyelidiki apakah terdapat hubungan antara kepemilikan kas dan manajemen laba pada perusahaan yang patuh pada syariat atau Shariah Compliance Firms (SCF) dan perusahaan yang tidak patuh pada syariat atau Non-Shariah Compliance Firms (NSCF). Sampel kami terdiri dari Perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia pada tahun 2012 hingga 2019. Hasil kami menunjukkan bahwa terdapat hubungan yang lebih kuat antara praktik manajemen laba dan kepemilikan kas di SCF dibandingkan di NSCF. Hasil ini menunjukkan bahwa SCF lebih mungkin untuk terlibat dalam manajemen laba yang meningkatkan kepemilikan kas dibandingkan NSCF. Secara keseluruhan, penelitian kami memberikan bukti empiris yang mendukung free cash flow theory. Pembahasan mengenai SCF masih kurang dipelajari dibandingkan dengan penelitian yang banyak dilakukan pada sektor perbankan syariah. Meskipun penelitian sebelumnya telah menyelidiki perbandingan SCF dan NSCF, hubungan antara keduanya sangatlah kompleks. Permasalahan keagenan dalam manajemen SCF bersifat unik dan perlu diselidiki.
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creator: Fitra Izzadieny
creator: Nor Rahma Rizka
creator: Kristianto Tricahya Prabowo
rights: Copyright (c) 2024 Fitra Izzadieny, Nor Rahma Rizka, Nor Rahma Rizka, Kristianto Tricahya Prabowo, Kristianto Tricahya Prabowo
date: 2024-12-15
publication date: 2024-12-15
starting page: 132
ending page: 151
doi: 10.26618/j-hes.v8i2.16453

Implementasi Strategi Bauran Pemasaran Menurut Ekonomi Islam pada Bisnis Batik Lokal Khas Lebak
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description: The marketing mix strategy according to Islamic economics must pay attention to the criteria and provisions of good and halal elements that have been determined in Islam, the goal is that the business carried out gets the pleasure of Allah. The current condition, the marketing mix strategy according to Islamic economics has been widely implemented in various businesses or businesses, one of which is in the local batik business typical of Lebak.The purpose of the research is to examine and analyze the implementation of the marketing mix strategy according to Islamic economics in the local batik business typical of Lebak. This research uses a qualitative method with a phenomenological research type, while the data collection technique uses observation and interviews. The results of this study found that the marketing mix strategy according to Islamic economics in the local batik business typical of Lebak has been implemented through aspects of product, price, place and promotion, although not yet optimal. Batik products are made from halal and good materials, have economic value and have many benefits for the community. The sales price of batik is set to regulate distribution and realize a balance between production and consumption levels, and is based on the prevailing market mechanism. The place where batik is sold is good, clean and safe and comfortable, does not interfere with public health or does not cause waste pollution. Batik marketing promotion has been carried out with good attitudes and behavior, cooperative relationships, good service and offering product choices according to consumer desires. The conclusion of this research is that the marketing mix strategy according to Islamic economics has been implemented in the local batik business typical of Lebak. The results of this study are expected to provide new understanding or solutions to the problems faced by local batik entrepreneurs in applying the principles of Islamic economics.
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creator: Soleh Soleh
creator: Budiman Budiman
creator: Samudi Samudi
rights: Copyright (c) 2025 samudi samudi, Soleh Soleh, Budiman Budiman
date: 2024-12-28
publication date: 2024-12-28
starting page: 152
ending page: 176
doi: 10.26618/j-hes.v8i2.16448

Penerapan Metode Ta’zir dalam Sistem Perjanjian Utang Piutang Pata’gal Lita pada Suku Mandar Sulawesi Barat
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description: Ta’zir, yang berasal dari kata "ta’dib" (memberi pelajaran), secara konseptual mencakup larangan, pencegahan, teguran, hukuman, dan tindakan disiplin. Dalam hukum Islam, denda adalah bentuk hukuman yang melibatkan pembayaran uang. Penelitian ini belum ada yang membahas penggunaan ta’zir dalam konteks utang-piutang, meskipun banyak orang meminjam uang untuk memenuhi kebutuhan hidup mereka. Di Sulawesi Barat, khususnya di suku Mandar, praktik gadai tanah (pata’gal lita) sering dilakukan tanpa melibatkan lembaga resmi. Penelitian ini, berjudul *Penerapan Metode Ta'zir dalam Sistem Perjanjian Utang Piutang Pata'gal Lita pada Suku Mandar*, menggunakan metode kualitatif dengan pendekatan etnografi, dan mengumpulkan data melalui wawancara dan dokumentasi. Hasil penelitian menunjukkan dua bentuk perlakuan terhadap denda di masyarakat Mandar: pertama, tidak ada denda saat jatuh tempo dan utang hanya diperpanjang; kedua, denda dikenakan sebagai persentase bunga dari pokok pinjaman dan diakui sebagai pendapatan oleh pihak peminjam. Metode kedua bertentangan dengan prinsip akuntansi syariah menurut Fatwa MUI No. 17/DSN-MUI/IX/2000.
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creator: Ulil Amri
creator: Sitti Hadijah
creator: Erty Rospyana Rufaida
rights: Copyright (c) 2024 Ulil Amri
date: 2024-12-15
publication date: 2024-12-15
starting page: 120
ending page: 131
doi: 10.26618/j-hes.v8i2.16014

Fintech P2P Lending: The Phenomenon of the Digital Financial Industry, Problems, and an Analysis from the Perspective of Islamic Economic Law
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description: The P2P lending industry in Indonesia has rapidly developed as an alternative financing option for the public, particularly for micro, small, and medium enterprises (MSMEs). This study aims to analyze the phenomenon of fintech P2P lending, including the opportunities it offers and the challenges the industry faces, with an emphasis on the perspective of sharia economic law. However, this growth encounters challenges, including the presence of illegal P2P lending platforms, a lack of public understanding of sharia-compliant financial products, and regulatory hurdles. This research uses a literature review method to collect relevant data and information from various sources, including reports from the Financial Services Authority (OJK) and previous studies. The findings indicate that while fintech P2P lending holds great potential to enhance financial inclusion and support economic growth, strict regulations and public education are crucial to ensuring compliance with sharia principles. Therefore, this study recommends increased cooperation between regulators, industry players, and the public to create a healthy and sustainable fintech ecosystem.
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creator: Aulia Azka
creator: Maria Arista Ulfa
rights: Copyright (c) 2024 Aulia Azka, Maria Arista Ulfa
date: 2024-12-15
publication date: 2024-12-15
starting page: 96
ending page: 108
doi: 10.26618/j-hes.v8i2.16021

Al-‘Urf dan Al-‘Adah: Relevansi dan Tantangannya dalam Pembentukan Hukum Ekonomi Islam
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description: This research discusses the relevance and challenges of al-‘Urf and al-‘Adah in the context of rapid fintech development and globalization. Al-‘Urf, the commonly accepted customs within society, and al-‘Adah, local traditional practices, serve as secondary sources of law in Islam that provide flexibility in adapting Sharia law to social and economic changes. The advancement of technology and globalization has created new dynamics in economic practices that do not always align with classical Islamic law. Challenges such as cashless transactions, peer-to-peer lending, and digital investments often require new assessments through the principles of al-‘Urf and al-‘Adah to remain by Sharia. This research uses a qualitative approach through interviews and literature studies to identify the relevance, challenges, and solutions for applying al-‘Urf and al-‘Adah in the digital context. The research findings indicate cross-sector collaboration between scholars, academics, and business practitioners is necessary to establish adaptive Sharia standards. By recognizing new practices that do not contradict Islamic principles, al-‘Urf and al-‘Adah have the potential to strengthen justice and ethics in fintech transactions, as well as support the sustainability of the sharia economy in the global era.
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creator: Ian ian Alfian
creator: Nurhayati Nurhayati
creator: Tuti Anggraini
creator: Ahmad Riyansyah
rights: Copyright (c) 2024 Ian ian Alfian
date: 2024-12-15
publication date: 2024-12-15
starting page: 109
ending page: 119
doi: 10.26618/j-hes.v8i2.16326

Kontribusi Jual Beli Online dalam Mendukung Pemulihan Ekonomi: Perspektif Ekonomi Syariah di Masa Pasca Pandemi
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description: Pasar Majene adalah pusat perputaran ekonomi, khususnya dalam sektor jual beli, karena mayoritas masyarakat Majene bekerja di bidang perdagangan. Pandemi COVID-19 mengakibatkan diberlakukannya Pembatasan Sosial Berskala Besar (PSBB), dan dampaknya masih dirasakan hingga pasca pandemi, menyebabkan kebingungan di kalangan pedagang di Pasar Sentral Majene mengenai cara memutar roda perekonomian. Penelitian ini bertujuan untuk mengetahui bagaimana jual beli online dapat menjadi peluang untuk meningkatkan perekonomian dan untuk mengidentifikasi kelemahan serta keunggulan jual beli online bagi masyarakat Majene. Penelitian ini menggunakan metode field research dengan pendekatan kualitatif deskriptif, menggunakan sumber data primer dan sekunder. Metode pengumpulan data meliputi observasi, wawancara, dan pengamatan melalui YouTube. Hasil penelitian menunjukkan bahwa untuk mengatasi permasalahan ekonomi, para pedagang di Pasar Sentral Majene menambah metode penjualan mereka dengan sistem jual beli online menggunakan aplikasi WhatsApp dan Facebook. Mereka mengunggah gambar-gambar dagangan mereka di aplikasi tersebut. Kelemahan dari jual beli online adalah penjual harus selalu siap dengan kuota internet, rajin membuka aplikasi, menghadapi keraguan konsumen terhadap barang dagangan, dan seringkali diminta untuk menyediakan ongkos kirim gratis. Namun, jual beli online juga memiliki keunggulan seperti dapat berjualan dari rumah, tetap dapat berkumpul dengan keluarga, pekerjaan rumah tetap terkontrol dan selesai dengan baik, menghemat biaya transportasi ke pasar, serta menghemat biaya kebersihan di pasar.
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creator: Nurhayati Nurhayati
rights: Copyright (c) 2024 hafizhah hafizhah
date: 2024-06-26
publication date: 2024-06-26
starting page: 84
ending page: 95
doi: 10.26618/j-hes.v8i1.13106