Islamic Economic Principles Research Articles

Analisis Penetapan Harga Jual Beli Makanan pada Sistem Prasmanan Perspektif Prinsip Keadilan Ekonomi Islam

This study examines pricing mechanisms in the buffet system at Wisma Tamu Al Ishlah Restaurant from the perspective of Islamic economic justice principles. This research is crucial given the limited studies that analyze buffet pricing practices from an Islamic economic perspective, particularly in a pesantren (Islamic boarding school) environment. This research adopts a qualitative approach with field research methods, utilizing interviews, observations, and documentation for data collection. The findings indicate that the pricing mechanism at Al Ishlah Restaurant employs a cost-based method, setting prices based on raw material costs, capital, operational expenses, and production services, adjusted according to the types of food selected by customers. Generally, the pricing practices at Wisma Tamu Al Ishlah Restaurant align with Islamic economic justice principles, ensuring that no party is disadvantaged and upholding honesty in transactions. Prices are established through mutual agreement between the restaurant and the customer, ensuring fairness. However, price transparency presents a challenge that could affect consumer perceptions. This research contributes to the development of Islamic economic theory in the culinary business context and provides recommendations to enhance justice in buffet pricing..

Poverty Alleviation from an Islamic Perspective: Study of LazisNU Ponorogo Programs

Poverty is a deep-rooted social issue that demands serious attention in its resolution. Islam rejects poverty, considering it a calamity that must be fought, while social welfare is a shared responsibility, as outlined in Article 34 and Article 27 Paragraph 2 of the 1945 Constitution. Despite the government's efforts to alleviate poverty since independence, the results could have been more optimal. This study employs a descriptive qualitative method, collecting data through interviews, observations, documentation, and literature analysis. It also examines Islamic poverty alleviation through a NU Care-LAZISNU Ponorogo case study, which manages zakat, infaq, and sedekah to assist people experiencing poverty. The findings of this study highlight the need to apply Islamic economic principles in social and economic policies to reduce inequality and improve social welfare in Indonesia.

Sharia Cooperatives in Indonesia as an Effort to Create a Sustainable Economy

This article provides background regarding the development of sharia cooperatives in Indonesia as part of efforts to create a more inclusive and sustainable economy. Sharia cooperatives exist as an alternative that is in accordance with Islamic economic principles, emphasizing economic, moral and ethical aspects of doing business. Even though they are still faced with various challenges, the growth of sharia cooperatives shows a significant impact in empowering communities, especially in areas that were previously less accessible to conventional financial institutions. This article aims to provide a deeper understanding of sharia cooperatives in Indonesia, including history, recent developments, basic principles, roles and challenges faced. The research method used is literature study, by collecting data from various references such as books, articles and journals. The article also reviews regulations that support sharia cooperatives, basic concepts, governance, and the history of their development. By exploring various information related to sharia cooperatives, it is hoped that this article can provide a comprehensive picture of the current condition of sharia cooperatives as well as their potential and challenges in the future.

Islamic Economy to Reduce Poverty in Indonesia According to the Al-Qur’an

The poverty economy in Indonesia is a serious problem that requires attention and holistic solutions. This research aims to analyze efforts to overcome poverty by referring to economic principles in the Koran and Hadith. Through this approach, we can understand the Islamic view of social justice and economic distribution which can be the basis for more inclusive policies. This research identifies some of the main economic challenges facing Indonesia and analyzes how Islamic principles can be applied to overcome these problems. Efforts to empower communities through education, skills training and small business formation can be strategies that are in accordance with Islamic values. The results of the analysis show that the implementation of Islamic economic principles can make a significant contribution to reducing poverty levels in Indonesia. Therefore, policy recommendations include establishing regulations that support an equitable economic system, strengthening Islamic financial institutions, and increasing public awareness about socio-economic responsibility. This research contributes to our understanding of the potential for faith-based economic solutions to overcome poverty, and can become the basis for the development of more inclusive and sustainable policies in Indonesia.

VILLAGE ECONOMIC DEVELOPMENT STRATEGIES THROUGH BUMDES FROM AN ISLAMIC ECONOMIC REVIEW

This study uses a qualitative descriptive approach with a case study on BUMDes Muda Jaya Mandiri in Benyom Jaya 1 Village in Nimbokrang District, Papua. The researcher used qualitative analysis techniques to outline the data obtained through interviews, observations, and document analysis. The results show that the community has not fully felt optimally the benefits produced in the BumDes, only a few people feel the benefits, it depends on the field results managed by the BUMdes or the results obtained are uncertain. The application of Islamic economic principles can provide insights into achieving social welfare goals.

KONSEP DAN PERKEMBANGAN EKONOMI ISLAM PADA MASA TURKI USMANI

Purpose: The purpose of this study is to analyze the development of the Islamic economy during the Ottoman Empire. Design/methodology/approach: The research method used in this research is library research. The data used is secondary data obtained from relevant sources, books, journals and so on. Findings: Ottoman Türkiye paid more attention to progress in the political and military fields. In this way, economic and financial conditions contributed to the development of Islam in the Ottoman Empire. Islamic economics during the Ottoman Empire reflected the integration of Islamic economic principles with practical economic practices and effective administration. So, according to researchers of the Ottoman Empire, it is very interesting to study in order to find out how the concept and development of Islamic economics was during the Ottoman Empire. Research implications: The implications of the development of the Islamic economy during the Ottoman Empire include:Expansion of Trade Networks: The Ottoman Empire's strategic location bridged East and West, facilitating extensive trade networks that promoted economic growth and cultural exchange.

Kontribusi Ekonomi Islam dalam Membentuk Kesejahteraan Ekonomi dan Sosial Global

This study aims to investigate the contribution of Islamic economics in shaping economic and social well-being globally. Through literature analysis and empirical studies, the study identifies the underlying principles of Islamic economics, including justice, equality, and balance, and evaluates their impact on various aspects of economic and social life in different countries. The research methods used include document analysis and case studies of the implementation of Islamic economic principles in various contexts. The results highlight that Islamic economics has played a significant role in increasing financial inclusion, promoting sustainable economic growth, and alleviating poverty and inequality. The implications of this research provide valuable insights for policymakers, economic practitioners, and the general public in efforts to promote global economic and social well-being.

Reconstruction of the Mudharabah Financing Agreement at Bank Syariah Indonesia

This research was motivated by the lack of maximum mudharabah financing due to the high risk experienced by Islamic banking. In addition, Islamic banks are extra careful in channeling mudharabah financing. This study aims to find out what the results of the reconstruction of mudharabah financing look like. Relating to rebuilding the mudharabah contract, the aims and practices align with what is determined in accordance with the basic principles of Islamic banking. Researchers use qualitative phenomenological approaches that are descriptive, analytical and inductive. This research seeks to explore data to find the basics of phenomena, reality and experience. This research uses documentary studies and studies of theories to explain and conclude the problems raised. This research is descriptive, which means it describes or describes a situation, symptoms, and events. In this case, to find out problems related to the status of Islamic banking as shahibul mal in the mudharabah contract that occurred at Bank Syariah Indonesia (BSI) Regional South Sulawesi. From various related information, from references that discuss mudharabah transactions and their application in Islamic banking that occur at Bank Syariah Indonesia (BSI) South Sulawesi Regional. This study concluded that the reconstruction carried out at BSI still did not go as expected. There are still many obstacles faced, including in determining profits. Meanwhile, the mudharabah contract applied at BSI is free from maysir, gharar, and usury elements—Mudharabah financing practices. The profit-sharing ratio given to mudharabah financing benefits both banks and customers. Profit sharing system where operational costs must reduce the profit earned by the fund manager and must also return the funds provided by shahibul maal therefore the profit obtained by the mudharib is by what is agreed. Various customers have felt this financing because customers who previously did not have the capital to do business with this financing customers can have capital provided by the BSI Regional South Sulawesi Bank. In practice, the distribution of profits between the two parties is based on a pre-agreed ratio. The ratio is the share of business profits for each party whose amount is determined based on the agreement. The partnership relationship in mudharabah financing is a collaboration between shahibul maal to provide funds. In contrast, the other party, mudharib, provides his mind, energy, and time to manage the cooperation business. The most important element in mudharabah financing cooperation is trust. This belief is mainly from shahibul maal to mudharib. Shahibulmaal should act as a supervisor to the mudharib to avoid business risks. The author advises BSI always to supervise customers when managing funds provided by banks in order to create transparency between the bank and customers. The bank should analyze the character and ability of prospective customers first before providing financing to customers to run a business and manage the funds provided by the bank, in order to minimize losses obtained by shahibul mall and can establish transparent cooperation and in accordance with Islamic economic principles

Waqf Business Model (WBM): Towards A Sustainable Social Business Model on The Mainstream Economics

The Waqf Business Model (WBM) represents an innovative and transformative approach to establishing a sustainable social business model within mainstream economics, rooted in Islamic economic principles. This paper explores the current state of waqf as an alternative model for social business, emphasizing its ability to combine social impact with long-term economic sustainability by preserving assets and generating ongoing revenue. It also advocates for integrating WBM into the mainstream economy to serve as a powerful mechanism for addressing the Sustainable Development Goals (SDGs). The paper highlights the challenges faced by traditional Islamic economic institutions, particularly waqf, which have struggled due to outdated management practices and a conceptual crisis regarding the role of waqf in modern economies. Revitalizing waqf institutions requires enhancing their capabilities and aligning them with contemporary business strategies. Additionally, this paper encourages future research to explore how WBM can be fully integrated into the existing economic ecosystem. In theory, WBM provides a framework for ethical and inclusive economies, while in practice, it has the potential to create self-sustaining institutions that reduce reliance on external aid, offering an innovative solution to global socio-economic challenges by blending sustainable innovation.

Legal Protection and Justice for Franchise Business Operators from an Islamic Law Perspective

This study discusses strategies to enhance the economic well-being of the community through engagement in entrepreneurship, especially through the franchise business model. Franchising is a marketing strategy for rapidly expanding businesses through the concept of cooperation. Legal protection for franchise business operators is crucial in maintaining a balance between the parties involved. Although there are no specific verses about franchising in the Quran, the principles of business ethics, justice, and compliance with Islamic law are essential foundations that should be applied in all forms of business transactions, including franchising. This study uses an empirical juridical legal approach to explore the concept of franchising, Islamic legal principles, and the impact of legal protection on franchise business operators. The results of this research are expected to make a significant contribution to advancing the legal discourse related to franchise business and Islamic law in Indonesia.Legal protection helps franchise business operators manage risks and conduct business in accordance with the principles of justice and business ethics, from both Islamic and general legal perspectives. Islamic and general law play a crucial role in shaping a fair, orderly, and sustainable franchise business environment. With a clear and consistent framework, franchise business operators can focus on the development and growth of their businesses. Thus, legal protection serves as a strong foundation for sustainable franchise business growth in Indonesia and makes a positive contribution to the economy and society as a whole. Franchise businesses can be a suitable form of enterprise that aligns with the values and principles of Islamic economics, providing a positive contribution to the economy and society overall.

Korelasi Antara Gaya Hidup Hedonis dan Perilaku Konsumtif di Kalangan Mahasiswa dalam Perspektif Ekonomi Syariah

The aim of this study is to evaluate the influence of hedonistic lifestyles on consumer behavior among university students while analyzing the Islamic perspective regarding this behavior. Hedonism, as a lifestyle choice, captivates the interest of young individuals by offering a luxurious, comfortable, and abundant way of life without requiring substantial effort. Employing a quantitative method and applying Probability Sampling among 200 students, the research extracted a sample size of 115 individuals. The research findings illustrate a positive correlation between hedonistic lifestyles and consumer behavior, evidenced by the positive coefficients within the analysis. The more prevalent the hedonistic lifestyle, the more pronounced the consumer behavior becomes. A significant portion of the student community tends to be influenced by hedonistic tendencies, emphasizing pleasure over essential needs, consequently leading to consumer behavior. The activities, interests, and perspectives of the majority of students do not entirely align with the principles of Islamic economics, which emphasize the necessity for rational needs aligned with the Islamic sharia, as stated in the Quran (Al-A'raf verse 31). This signifies that the orientation of needs driven by hedonistic lifestyles contradicts the principles of Islamic economics that emphasize needs in line with positive values within Islamic teachings.

Digital Governance and Its Role in the Islamic Economy- Analytical Study

This study investigates the role of digital governance within the Islamic economy, aiming to explore how modern technological advancements can be integrated into Islamic financial institutions while adhering to Sharia law. The research employs an analytical and comparative approach to examine the intersection of digital governance and Islamic economics, focusing on its implications for economic management and institutional transparency. The results indicate that digital governance offers a framework of systems and mechanisms that enhance the efficiency, accountability, and transparency of Islamic institutions. These governance practices, while rooted in the principles of Islamic economics, are essential for the modern adaptation of these institutions, particularly in the global economy. The study concludes that adopting digital governance within Islamic finance can significantly improve the management and operational integrity of these institutions, ensuring their alignment with both religious and modern economic principles.

Critical Study on Bekerja Program Implementation as Economic Empowerment: Sharia Economic Perspective

The research aims to assess BEKERJA program's effectiveness in reducing poverty in Salutambung Village by providing farm animals. It evaluates the program's impact on economic empowerment, food security, and its alignment with Islamic economic principles, while addressing challenges like resource misallocation and dependency. The research methodology involves qualitative analysis to evaluate the program's impact in Salutambung Village through interviews and observations as field research. Data collection includes examining economic empowerment, food security, collaboration with Social Affairs Department, and alignment with Islamic economic principles. The study concludes that the BEKERJA program effectively reduces poverty by providing livestock to needy households, enhancing economic empowerment and food security. The program's collaboration with the Social Affairs Department has improved community welfare and economic conditions. However, some social assistance programs, including BEKERJA, face challenges such as resource misallocation and lack of technical support. The research lacks analysis that could contribute to further improving BEKERJA program

Islamic Economic Review of The Concept of Employee Wages (Case in Jakarta)

Research indicates that the concept of remuneration in Islamic economics emphasizes alignment with its principles. Workers are expected to maintain professionalism and avoid fraud. The primary aim of this remuneration concept is to enhance workers' well-being, reflecting a focus on community welfare and humanity rather than just profit. Entrepreneurs are encouraged to treat workers like family, fulfilling all their needs, and embodying the spirit of cooperation (ta'awun), ensuring no harm comes to any party. This ethos promotes collective responsibility in meeting the basic needs of the less fortunate. In the context of Place in Jakarta City, the remuneration model aligns with Islamic economic principles. Employee pay is based on customer percentage, encouraging each worker to contribute to the business's success. Salaries are adjusted according to the employees' skills and the number of customers they serve, resulting in variable wages rather than a fixed amount. This model ensures that remuneration is fair and reflects the employees' contributions, fostering a cooperative and supportive work environment consistent with Islamic values.

Sistem Cash on Delivery (COD) dalam Jual Beli Online Menurut Perspektif Ekonomi Islam

Online buying and selling are transactions carried out by parties using the internet network. The payment method that is often used today is the COD system. The aim of this research is to find out and explain the mechanism of the Cash On Delivery (COD) system in online buying and selling according to an Islamic economic perspective. In this research the researcher used a library research method with descriptive qualitative analysis using a deductive method regarding the cash on delivery (COD) system and analyzed using an Islamic economics approach. The results of this research include the following: 1) the online buying and selling mechanism with the COD system in the marketplace can be implemented by selecting the goods first and then payment is made in cash when the goods arrive. To purchase products, you can order them via the website or application. 2) (2) Based on the analysis of online buying and selling using the COD system carried out by the marketplace, it is in accordance with Islamic economic principles, such as aspects of justice, transparency and compliance. So online buying and selling using the COD system is permitted from a Sharia Economic perspective.

Fostering the Ummah's Economy Through the Stockinvestment System: The Views of the Mui for Sustainabledevelopment Goals (SDGS)

Purpose: This study aims to investigate the role of the stock investment system in fostering the people's economy, focusing on the views of the Indonesian Ulema Council/ Majelis Ulama Indonesia (MUI) on its contribution to the Sustainable Development Goals (SDGs). This study also aims to identify factors that support or hinder the implementation of the stock investment system in the economic context of the people in PT Suryamu. Theoretical Framework: This study uses the Islamic economic framework and principles advocated by the Indonesian Ulema Council (MUI). The stock investment system is seen as a potential instrument to promote people's economic participation and support sustainable economic development, in accordance with Islamic values that prioritize justice, transparency, and common prosperity. Methods: The data in this study was collected through the analysis of fatwa documents or guidelines issued by the MUI related to stock investment, as well as related literature studies. The collected data were analyzed thematically to identify key patterns and significant findings. This research is a type of field research using a qualitative approach, where the data will be analyzed with the fatwa of the National Sharia Council of the Indonesian Ulema Council NO: 135 / DSN-MUI / V / 2020 concerning stocks. Results and Conclusion: The results of this study show that: 1) There is clarity of the contract at the beginning of the transaction, investors use the shirkah contract, some investors are chosen to be representatives of several investors using the wakalah bil istitsmar contract and the employees who work according to the work contract set by the company use the ijarah contract. 2) The parties who are associated are Muhammadiyah investors who already have a Muhammadiyah membership card as a condition to invest their funds in PT Suryamu. 3) The object of the contract is in the form of shares in the form of letters whose initial value of shares per share is Rp 100.000,-. From the point of view of the fatwa of the National Sharia Council of the Indonesian Ulema Council NO: 135/DSN-MUI/V/2020 regarding shares is by the criteria set by the fatwa. Research implications: The Company's stock investment meets sharia criteria with well-managed potential risks. So the implications and recommendations are to continue taking investment. Originality/value: Research on sharia stock investment with the fatwa approach of the Indonesian ulema council is very unique, specially studied in companies that carry out the concept of sharia.

SISTEM BAGI HASIL DALAM AKAD MUZARA’AH PADA PETANI TEMBAKAU DI SUMBER MALANG SITUBONDO

Plalangan Village is one of the villages where the majority of the livelihood is farming and in which there are many methods used to manage the land owned, ranging from managing it yourself to managing it by other people, one of the contracts used is the muzara'ah contract. The muzara'ah contract is a cooperative agreement between the land owner and the cultivator where the seeds to be planted come from the land owner. The agreement in this contract is usually done verbally without any written agreement with the distribution of the results agreed at the beginning of the agreement, however, in this distribution of results the cultivator is still waiting because the land owner is still looking for buyers who will buy tobacco, so this is the background for this research. . The type of research used is field research, that is, researchers go directly into the field to conduct research so they can see and understand the objects to be discussed. The results of this research show that the profit sharing system in the muzara'ah contract for tobacco farmers in Plalangan Village is that the distribution of the results is agreed upon by both parties at the beginning of the contract. What usually happens is that half is divided for the land owner and the other half for the cultivator, after deducting costs. -cost incurred. Meanwhile, the muzara'ah contract carried out by the people of Plalangan Village, Sumber Malang District, Situbondo Regency is valid because it has fulfilled the pillars and requirements of the muzara'ah contract and is in accordance with the principles of Islamic economics, namely the principle of monotheism, the principle of representation, the principle of justice, the principle of tazkiyah, and the principle of al-falah.

Pemberian Pinjaman Kredit dalam Perspektif Pemikiran Ekonomi Islam

The purpose of this article is to explain the credit system that exists at the moment. The method used is to study the theories of riba and its prohibitions contained in the Quran and Hadith. Through this study, it can be conceptually formulated Islamic economic practices, especially in terms of financing by buying and selling system. The results of the discussion showed that the Basic Rules of credit sales are allowed. Shaykh Ibn Usaimin said: buying and selling on credit is someone selling something (goods) at a certain price and immediately paying it off, this is allowed according to the original law in accordance with the command of Allah QS. Al-Baqarah: 282. In this case, the Medan City Government Civil Servant Cooperative (KPN Pemko Medan) in its work system has not been separated from ribawi elements that are not in accordance with Islamic economic principles.

Peran Industri Rumah Pada Usaha Catering Kurnia Jaya Terhadap Pendapatan Karyawan Menurut Presfektif Ekonomi Islam di Kecamatan Medang Kampai Kota Dumai

The research aims to analyze the role of the home industry Catering Kurnia Jaya on employee income and welfare from the perspective of Islamic economics. The research method used is qualitative, involving a population of 10 employees. The subject of the study is the owner of Catering Kurnia Jaya, located in Medang Kampai District, Dumai City. The analysis used in this study includes reduction analysis and triangulation analysis. Data collection techniques include observation and interviews. The results show that Catering Kurnia Jaya significantly contributes to increasing the income and economic well-being of employees' families. This business operates according to Islamic economic principles, emphasizing justice, sustainability, and fair redistribution. Employee income fluctuations occur due to seasonal factors and market competition. This study highlights the importance of household industries in alleviating poverty and enhancing the local economy, with Catering Kurnia Jaya serving as an example of significant contribution to employee income and welfare.

Diagnosing Qur’ānic Precepts on Wealth Creation in Digital Age

This study examines how Islamic economic principles can provide guidance for ethical wealth creation, protection, and distribution in the rapidly evolving digital economy, particularly in the face of cybercrime and financial scams. The research investigates the adaptability of Islamic teachings to digital economic activities, emphasizing the importance of lawful enterprise and social responsibility. The study employs qualitative analysis of Qur'anic precepts, Hadiths, and contemporary Islamic scholarship. The findings reveal that Islamic wealth management principles are not only compatible with but also vital for navigating the complexities of the digital age. These principles advocate for ethical earning, robust protection of wealth through cybersecurity measures, and the socially responsible distribution of wealth. The study emphasizes the necessity for precise legal frameworks that align with Islamic ethical standards in digital commerce, alongside a strong emphasis on education regarding digital economic activities within an Islamic framework. Engaging in the digital economy under Islamic guidelines is feasible and advantageous, highlighting the critical role of international cooperation among Muslim countries to combat cybercrime and ensure a secure, equitable digital economic environment. This approach fosters economic resilience and social welfare in accordance with Islamic values.