Islamic Principles Research Articles

Ketahanan Ekonomi dalam Kesultanan Utsmaniyah: Pelajaran bagi Krisis Ekonomi Modern

Islamic economic thought during the Ottoman Empire reflects the application of Islamic principles in the management of the state’s economy, with a focus on social welfare, equitable wealth distribution, and the regulation of natural resources. During this period, the economic system applied not only covered financial aspects but also societal welfare through practices such as waqf and zakat. Waqf was used to finance various social institutions such as schools, hospitals, and mosques, while zakat played a role in reducing economic disparities. The Ottoman state also regulated markets and trade to maintain economic stability and prevent exploitation that could harm the public. Islamic economic thought in this era emphasized the state’s role in achieving general welfare through fair and sustainable policies in accordance with Sharia principles. Overall, Islamic economic thought during the Ottoman period serves as a concrete example of an economy based on Islamic values aimed at achieving justice and collective well-being.

Authority of the National Sharia Council (DSN) and the Financial Services Authority (OJK) in the Regulation of Shakira Banks After the Birth of Law no.21 of 2011 Linked to Sharia Principles According to Sharia Banking Law

Objective: After the enactment of Law No. 21 of 2011 concerning the Financial Services Authority (OJK), the supervision and regulation of Indonesia's financial sector, including Islamic banking, was transferred to the OJK. Nevertheless, Islamic banking operations must adhere to sharia principles, supervised by the National Sharia Council (DSN) of the Indonesian Ulema Council. This study explores the division of authority between the OJK and DSN in regulating Islamic banks, focusing on their conformity with sharia principles as outlined in Law No. 21 of 2008 concerning Sharia Banking. Theoretical Framework: Theoretically, this research is grounded in the duality of regulatory oversight—secular and religious—emphasizing the coexistence of financial system integrity and sharia compliance. Employing a juridical-normative method, the study analyzes statutory laws, DSN fatwas, and their application within the regulatory framework. Method: This study uses a juridical-normative approach to analyze the relationship between the Financial Services Authority (OJK) and the National Sharia Council (DSN) in the regulation and supervision of Islamic banking. This approach focuses on normative studies of relevant laws and regulations, such as Law No. 21 of 2011 concerning the Financial Services Authority, Law No. 21 of 2008 concerning Sharia Banking, as well as fatwas issued by DSN. Results and Discussion: The Result and disccusion reveal that while the OJK holds comprehensive regulatory and supervisory authority, DSN retains pivotal control as the interpreter and guarantor of sharia compliance. This dual authority reflects a nuanced balance between maintaining financial system stability and ensuring adherence to Islamic legal principles. Research Implications: The implications of this research underscore the importance of clear, collaborative mechanisms between the OJK and DSN to avoid regulatory overlaps or inconsistencies. Furthermore, this study emphasizes the unique dual-regulatory model as a hallmark of Indonesia's Islamic banking system, contributing to the discourse on harmonizing secular and religious financial governance. Originality/Value: T The originality of this research lies in its juridical-normative approach to analyzing the interplay between OJK's supervisory role and DSN's authority, offering insights into optimizing regulatory practices in Islamic banking.

Catalytic role of Islam’s social well-being and economic justice as determinants of peaceful coexistence: a systematic literature review using PRISMA

Purpose The contributions of Islam to human civilization, spanning theology, philosophy, politics, economy, sociology and science, find ample documentation in several historical records. This paper aims to critically examine the catalytic role played by Islam’s social well-being and economic justice in advancing peaceful coexistence. Design/methodology/approach This exploration is carried out through a systematic literature review using the PRISMA framework. The paper addresses three core thematic research questions, with the intent of offering a comprehensive contribution to both the theory and application of Islamic Studies. To acquire essential data, a qualitative research approach focused on documentation, particularly the collection of non-numerical data from secondary sources, including the Qur’an, Hadith and scholarly articles, was used. Findings The systematic literature review led to three notable insights. Firstly, the promotion of social well-being by Islam contributes positively to peaceful coexistence across various global regions. Secondly, Islam’s emphasis on economic justice also plays a constructive role in nurturing peaceful coexistence in diverse geographical areas. Thirdly, the alignment between Islam’s promotion of social well-being and economic justice, following the principles of Maqasid al-Shari’ah and the five international principles of peaceful coexistence, lays the groundwork for prospective theoretical inquiries. Originality/value This study provides a pioneering perspective by systematically integrating Islamic principles with international frameworks for peaceful coexistence through the Preferred Reporting Items for Systematic Reviews and Meta Analysis (PRISMA) methodology. It offers a unique contribution by presenting how Islam’s intrinsic values of social well-being and economic justice using Maqasidul Shari’ah indicators serve as catalysts for promoting global harmony and social stability. By bridging religious tenets with universal coexistence principles, the study sets a foundational framework for interdisciplinary and policy-driven discourse on achieving sustainable peace through faith-based social and economic structures.

Exploring the Impact of Islamic Finance Principles on Micro and Small Enterprise Performance: A Literature Review

Both micro and small enterprises (MSEs) can drive economies to growth and eradicate poverty, but numerous challenges challenge their finances. The principles of Islamic finance, with other-centered equity, ethical quality, and risk-sharing, have the potential to considerably benefit MSE development and commercialization as compared to conventional systems. This review systematically analyzes existing literature relating Islamic finance principles to MSE performance based on the synthesis of work conducted in Uganda, Oman, Indonesia, and Nigeria with an objective of identifying the gaps to be covered by the preceding empirical study using a qualitative approach. The findings show a positive relationship between the application of mechanisms of Islamic finance, including profit-sharing, interest-free financing, and partnership-based models, and the business performance indicators of profitability, revenue growth, and sustainability. However, the review pinpointed major gaps in available research, including a constricted geographical cover, a small sample size of enterprises, and inadequate gender-dimensional exploration. Further, some inherent methodological inconsistencies, such as ambiguous performance indicators and sampling biases, additionally hamper the generalization of findings. To overcome such gaps, this study suggests that research should be extended into the rural and less-represented regions, should explore gender issues, and should use more solid methodological approaches. This would enable researchers, policy-makers, and financing bodies to appreciate and utilize the very full potential of the principles of Islamic finance in empowering MSEs to promote inclusive economic development.

LANDASAN HUKUM DAN PRINSIP-PRINSIP ASURANSI SYARIAH DI INDONESIA

Sharia insurance is a type of financial institution that functions in accordance with Islamic sharia, which upholds the concept of mutual protection (takaful) and mutual assistance (ta'awun). This thinking is regulated in Indonesian laws and regulations, including DSN-MUI Fatwa No. 21/DSN-MUI/X/2001, and is based on the teachings of the Koran, hadith, ijma, and ulama fatwas. Its guiding principles include mutual protection, cooperation in virtue, and avoiding aspects of riba, gharar (uncertainty), maisir (gambling), and activities that violate sharia. Islamic insurance offers Muslims a way to fulfill their risk protection requirements in line with Islamic principles, according to this research, which combines descriptive techniques with literature review methods. Sharia insurance builds a transparent and socially responsible financial system through the application of fair principles and a strong legal basis.

Transformasi Islamic Worldview dalam Pemikiran Islam di Dunia Barat

The transformation of the Islamic worldview in Islamic thought in the Western world reflects the dynamic interaction between Islamic traditions and the context of modernity and secularization. This study aims to analyze how the Islamic worldview undergoes transformation within the thoughts of Muslim intellectuals in the Western world. Using a qualitative approach based on literature review, this research identifies a paradigm shift from traditional understanding toward the integration of Islamic values into modern discourse. The findings reveal that this transformation involves not only value adaptation but also the recontextualization of Islamic principles to address philosophical, social, and epistemological challenges in the Western world. This transformation opens opportunities for a more harmonious synthesis between Islamic values and the Western context without losing its identity.

The Concept of Ta'lim in the Qur'an and its Implementation Among Students of UIN Syahada Padangsidimpuan

The concept of ta'lim in the Qur'an emphasizes the importance of knowledge, understanding, and teaching for humanity, as reflected in various verses. This study investigates the concept of ta'lim in the Qur'an and its implementation among students at UIN Syahada Padangsidimpuan, focusing on both theoretical and practical aspects and their role in shaping student character. Using a qualitative descriptive approach, data were gathered through observations and interviews with relevant informants. The findings indicate that ta'lim, as understood by these students, involves the process of learning and teaching both religious and general knowledge in accordance with Islamic teachings. Implementation occurs through educational content that integrates theoretical knowledge with Islamic values. Supporting factors include an Islamic campus environment, the role of lecturers in integrating Islamic values into teaching, students' intentions to seek knowledge as worship, and policies emphasizing Islamic principles. However, challenges such as limited student awareness, negative environmental influences, and academic workload hinder implementation. Strategies to enhance ta'lim include strengthening the Islamic-based curriculum, improving teaching quality, fostering an Islamic campus environment, empowering student organizations, and using personal and motivational approaches. These efforts aim to foster students who embody both knowledge and Islamic values.

Perbandingan Asuransi Syariah dan Asuransi Konvensional: Analisis dari Perspektif Ekonomi Islam

This research aims to compare sharia and conventional insurance from an Islamic economic perspective. The method used is a literature study of various related scientific sources. The results show significant differences between the two, particularly in the aspect of risk transfer. Conventional insurance involves elements of usury, gharar, and maisir, while Islamic insurance applies the principle of risk sharing as well as the concepts of ta'awun (mutual help) and mudharabah (profit sharing). The main challenge in implementing Islamic insurance is the low level of financial literacy and access to Islamic products, but it has great potential in increasing financial inclusion in Muslim-majority countries. In conclusion, Islamic insurance is more in line with Islamic economic principles and can be a fair and sustainable alternative in the insurance industry.

Language and Identity in Islamic Economics: An Analytical Perspective

The current interdisciplinary research explores the intersection of linguistics and Islamic economics, focusing on how language constructs and reflects the unique identity of the economic system. The study aims to bridge the gap between the two disciplines by analyzing the linguistic features of Islamic economic texts, including specialized terminology, narrative structures, scriptural references, and ethical discourse. The research employs a comparative approach, contrasting the linguistic aspects of Islamic economics with those of conventional economic systems to highlight the distinct identity and ethical underpinnings of the former. Key findings indicate that language in Islamic economics plays a crucial role in integrating economic practices with Islamic religious and ethical principles. The study has implications for both academic research and practical application and highlights future directions. The study concludes that a comprehensive approach, integrating linguistic insights with economic and religious principles, can significantly contribute to the development and global understanding of Islamic economics.

Child sexual grooming: Listening to victims in Jordan.

Little is known about sexual grooming among children in Arab-Islamic countries. Accessing victims of child sexual abuse in such a context is challenging; however, qualitative secondary analysis provides a framework for exploring this phenomenon. This study employed qualitative secondary analysis to identify sexual grooming behavior and strategies based on the statements made by Jordanian children. The primary dataset comprised 13 verbatim transcripts of forensic investigative statements of child victims aged 6-18years with an Arabic Islamic background. These statements were obtained from the Family Protection Department of Amman, Jordan. The statements were translated from Arabic to English and subjected to independent inductive thematic analysis and deductive analysis using the 2020 Sexual Grooming Model developed by Winters, Jeglic, and Kaylor as a framework. Four stages of child sexual grooming, each with specific goals and strategies, were identified and contextualized using the model. However, specific, nuanced differences between the findings and the model were identified, highlighting the influence of Arab culture and Islamic religious interpretations on grooming in Jordan. Educational efforts should be undertaken to raise awareness among parents and children regarding grooming strategies and, specifically, how Arab culture and Islamic principles may be used to coerce children to comply with grooming and abuse or otherwise compel their silence out of fear of punishment.

The Intersection of Human Development and Poverty: An Analysis of HDI and I-HDI in Yogyakarta based on Maqāşid Syarī’ah

Despite its high Human Development Index (HDI), Yogyakarta paradoxically suffers from one of the highest poverty rates on the island of Java. This situation underscores the limitations of conventional human development metrics, particularly in regions with a predominantly Muslim population. To address this issue, this study introduces the Islamic Human Development Index (I-HDI) as an alternative framework that more effectively captures the relationship between human development and poverty in a Muslim-majority context. Utilizing secondary data from five districts in Yogyakarta spanning the years 2012 to 2023, and employing panel data regression alongside Granger causality analysis, the findings indicate that HDI has a limited and indirect effect on poverty. In contrast, I-HDI demonstrates a stronger and more direct negative correlation with poverty levels. Furthermore, Granger causality analysis reveals that changes in I-HDI significantly influence poverty levels, and vice versa, suggesting a dynamic and bidirectional interaction between these two variables. These results imply that I-HDI offers a more accurate reflection of human development in Muslim-majority regions, capturing dimensions often overlooked by traditional indices. Ultimately, the findings highlight the intricate interaction between human development and poverty, providing valuable insights for policymakers to create more effective poverty alleviation strategies grounded in Islamic principles and local cultural values.

Analisis Konsep Maslahat dalam Konsumsi dari sudut pandang Ekonomi Islam pada masyarakat di desa Slawi-wetan

The purpose of this research is to see how the concept of maslahat is used for consumption from the perspective of Islamic economics in Slawi-Wetan Village. Maslahat is a principle that prioritizes achieving the good and welfare of society. This principle relates to consumption, encouraging people to prioritize useful needs and avoid consuming too much. To find out the consumption patterns of the local community, the research method used is a qualitative approach by conducting interviews with them. The results show that most people apply the maslahat principle in consumption, although there are some who still prefer to consume. This research shows that people should better understand the concept of maslahat and learn more about it so that their consumption patterns in the village are more in line with Islamic economic principles.

A structural equation modeling approach to assess the Algerian Zakat payers’ acceptability and adoption of a Zakat fintech-based model proposed

Purpose This study aims to explore the perception of Algerian Zakat payers regarding the adoption of technology within the Algerian Zakat Fund. Design/methodology/approach A survey was administered to a convenience sample of 460 Algerian Zakat payers. The survey was designed by combining the Extended Technology Acceptance Model (TAM 2) and Theory of Reasoned Actions (TRA) frameworks to provide an in-depth understanding of the factors that influence the model acceptance among the Algerian Zakat payers. The findings were subsequently analyzed to evaluate convergent and discriminant validity as well as composite reliability. Structural equation modeling was applied to examine the causal relationship among all proposed constructs. Findings The data reveal that all the hypotheses from the TAM 2 and TRA theories were supported, demonstrating the model’s significant acceptance among Algerian Zakat payers. Originality/value The originality of this study lies in its unique combination of both the TRA and the Extended TAM 2 within the context of Zakat. It examines the integration of the aforementioned theories to assess the acceptance of Algerian Zakat payers to the suggested Zakat Fintech-based model. This model is specifically tailored to address the challenges encountered by the Algerian Zakat Fund, offering innovative solutions to enhance management and governance mechanisms while aligning with Islamic financial principles.

ANALISIS KETEPATAN PRODUK PEMBIAYAAN KEPEMILIKAN EMAS TERHADAP FATWA DSN NO. 77/DSN-MUI/V/2010 PADA BANK BJB SYARIAH KCP CIKARANG

In contemporary times, the practice of purchasing goods through installment plans has become increasingly common, including in the case of Murabahah gold transactions. However, the prevalence of gold installment purchases has sparked debate, as the system resembles practices in conventional pawnshops and banks, leading to perceptions that Islamic and conventional banks operate similarly. This study aims to analyze the implementation and procedures of Murabahah contracts for gold ownership financing at Islamic Bank BJB Cikarang. Using a descriptive qualitative approach, the research simplifies data analysis to enhance comprehensibility. Data collection involved interviews, literature reviews, observation, and documentation, followed by qualitative analysis, descriptive evaluation, and conclusion drawing. The findings reveal three key points: first, the Murabahah contract implementation for gold ownership financing aligns with Islamic principles; second, the financing procedures adhere to Fatwa No. 77/DSN-MUI/V/2010; and third, there are differing scholarly opinions regarding the permissibility of non-cash gold transactions. Despite these differences, the study concludes that the financing procedures at Islamic Bank BJB Cikarang comply with the fatwa's provisions, underscoring their adherence to Islamic financial principles, while recognizing the ongoing debate among scholars on the permissibility of non-cash gold transactions.

Tinjauan ’Urf terhadap Tradisi Arakan Pengantin dalam Pernikahan: Studi Kasus Desa Morocalan, Glagah, Lamongan

‘Urf refers to an action or expression that is repeatedly performed, regarded as good, and does not violate sharia principles. Marriage is the bond between a man and a woman, both physically and emotionally, aimed at building a family characterized by sakinah (tranquility), mawaddah (love), and rahmah (compassion). One of the traditions in marriage is the bridal procession, which involves escorting the bride and groom on foot after the wedding ceremony (akad nikah). This study aims to examine the implementation process of the bridal procession and its analysis through the perspective of urf. The research method used is qualitative, employing field research. The findings reveal that the bridal procession in wedding ceremonies in Morocalan Village, Glagah Sub-district, Lamongan Regency, is performed by the groom. The groom is escorted on foot from one end of the village to the bride's house. This tradition serves as an expression of gratitude for the end of bachelorhood and as a way to celebrate the wedding, which is considered a once-in-a-lifetime event. From the perspective of Islamic law and urf, the bridal procession is deemed a legitimate tradition, as it does not contravene Indonesia’s positive law or Islamic principles. Furthermore, this tradition carries positive values for both the bride and groom and their families.

Digitalisasi Toko Kelontong Melalui Program Ayo SRC dalam Perspektif Ekonomi Islam

This research aims to describe the management of the utilization of the Ayo SRC program application at SRC shops in Paciran sub-district as well as management and utilization from an Islamic Economics perspective. This research uses qualitative descriptive research with a case study type. Data collection was carried out using interviews, observation and documentation methods. To prove the validity of the data using triangulation. The data sources and analysis techniques used are data reduction steps, data presentation and drawing conclusions. The research results show that the management of the use of the Ayo SRC program application is in accordance with the management of retail store management, including the strategy for setting prices and store profits. The SRC shop is also digitizing so that it can keep up with current developments in various aspects. From an Islamic perspective, it is also in accordance with Islamic principles by not committing acts of maisir, gharar, dzalim, iktikar, usury. Meanwhile, the contract used in the MY AYO application uses a greeting contract, namely the buyer pays first and then the goods will be delivered by the seller to the consumers.

Balancing Justice and Tradition: An Islamic Legal Perspective on Constitutional Court Rulings Regarding Marriage Age

This study analyzes the Constitutional Court Decision Number 22 / PUU-XV / 2017 related to the age limit of Marriage from the perspective of Islamic law. The change in the marriage age limit in this law was passed based on the decision of the Constitutional Court of the Republic of Indonesia (MK) Number 22 PUU-XV/2017, which was born due to the controversy over the previous marriage law. This is a literature research by re-analyzing the policy content of the Constitutional Court of the Republic of Indonesia Number 22/PUU/XV/2017 decision. The analysis examines the legal basis, the applicant's legal standing, and the decision's relevance to Islamic law principles. The results showed that the Constitutional Court's decision was based on valid legal standing and rational arguments. This decision is in line with the value of Islamic law in paying attention to maslahah (benefit). Still, there are differences in certain methodological aspects, especially in the maslahah mursalah approach. The findings also reveal that the change in the marriage age aims to reduce discrimination against women and protect their health, education, and socio-economic rights. From the perspective of Islamic law, the minimum age of Marriage is ijtihadiyah and can be adjusted to the context of the times, as the principle of maqashid al-shari’ah is oriented towards the welfare of the people. This research recommends further harmonizing Islamic and national law to create fairer and more applicable rules.

Analisis Kontrak Syariah Dalam E-Commerce: Studi Terhadap Akad Murabahah dan Salam di Era Digital

The development of e-commerce presents significant opportunities for Muslims to engage in digital transactions that align with Islamic legal principles. This study aims to analyse the application of Shariah-compliant contracts, specifically murabahah and salam, in digital transactions and identify the challenges faced in their implementation. Using a descriptive-analytical approach, this research examines the validity of these contracts in e-commerce based on fiqh al-muamalat, DSN-MUI fatwas, and maqasid al-shariah. The findings reveal that murabahah and salam contracts are highly adaptable to e-commerce due to their emphasis on transparency and fairness. However, several key challenges were identified, including the potential for gharar caused by inaccurate product descriptions, the contentious validity of digital ijab and qabul, and the risk of riba in instalment-based payment systems. Proposed solutions include strengthening regulations tailored to Shariah-compliant e-commerce platforms, educating consumers and business actors on Shariah-compliant contracts, and providing more transparent transaction mechanisms to minimise gharar. This study concludes that implementing Shariah-compliant contracts in e-commerce aligns strongly with maqasid al-shariah, particularly in safeguarding wealth and ensuring justice for all parties involved.

Peran Teknologi Blockchain dalam Keuangan Syariah: Analisis Tantangan dan Solusinya

This study aims to explore the role of blockchain technology in enhancing the operations of Islamic financial institutions, specifically in terms of increasing transparency, efficiency, and compliance with Shariah principles. Using a qualitative descriptive-analytical approach, the research examines the technical, regulatory, and operational challenges associated with blockchain implementation and proposes strategic solutions to ensure sustainable integration. Blockchain, through distributed ledger technology (DLT), offers transparency and efficiency that align with Islamic finance principles, as evidenced in the application of sukuk. The use of smart contracts further strengthens operational efficiency, reduces gharar (uncertainty), and ensures Shariah compliance. Although blockchain presents significant advantages, this study finds that a major challenge lies in the environmental impact of consensus protocols like Proof of Work (PoW), which requires high energy consumption. This impact conflicts with Maqasid al-Shariah, which prioritizes welfare and environmental preservation. The use of more eco-friendly protocols, such as Proof of Stake (PoS) and Proof of Authority (PoA), is identified as a more efficient solution. Additionally, inadequate regulation in various Muslim-majority countries poses another barrier. Cross-border regulatory harmonization is necessary to ensure that blockchain can be applied in accordance with Shariah principles globally.

Harmonizing Tradition and Sharia

This study aimed to analyze the application of Istishab, a tenet of Islamic jurisprudence, to address the issues of non-negotiated fish prices within the Iha community, Central Maluku, Indonesia. The community was characterized by complicated relationships between religious principles and cultural traditions, which frequently led to tension. The analysis addressed a significant issue which included the reconciliation of the centuries-old traditions of the community with the Sharia law to prevent disagreements and ensure the group's economic viability. Using in-depth interviews with stakeholders, detailed market observations, and thorough document analysis, this study investigated the social, financial, and normative dynamics of Istishab through a qualitative case study methodology. The results showed that Istishab stabilized prices, reduced conflicts, and supported the community's economic resilience by mediating between Islamic legal principles and cultural practices. This showed the adaptability of Islamic law in adopting and reinforcing local traditions. Furthermore, the study showed how Istishab served as a bridge between cultural and Sharia disputes. It concluded that Istishab provided a practical solution for maintaining harmony in economic transactions within multicultural communities. The results possessed broader implications for the integration of Islamic legal concepts with local practices to promote communal stability.