Islamic Economic Principles Research Articles

TOTOH GINGER COFFEE PRODUCTS IN INCREASING INCOME OF THE COMMUNITY OF KARANG ANYAR VILLAGE, KETAPANG DISTRICT, SAMPANG DISTRICT

The aim of this research is to find out the promotional strategy for Totoh ginger coffee products to increase the income of the people of Karang Anyar village, Ketapang sub-district, and Sampan regency. This research uses a qualitative approach, with data collection techniques using documentation, observation, and interview techniques. Meanwhile, checking the validity of the data is obtained through extending observations, increasing persistence in research, and triangulation. The research's findings lead the researcher to the following conclusions: first, Totoh ginger coffee owners have adopted the marketing mix concept, which consists of the 4Ps: product strategy (product), price strategy (price), distribution location strategy (place), and promotion strategy (promotion), as their development strategy to boost sales and keep customers. In its marketing strategy, the owner of Totoh ginger coffee applies a strategy that is in accordance with Islamic business ethics, namely: Al-insaniyah, or humanity; akhlakul karimah, in accordance with customer wishes; listening to customer criticism and suggestions; honesty; being realistic (not making things up); respecting customers; offering quality and halal goods; and offering products that do not harm customers. Second, the strategy implemented in the production process, price, location, and promotion is that there are no deviations made by Totoh ginger coffee product business actors, whether in the supply of raw materials, the manufacturing process, or the sales process. The Totoh ginger coffee business has implemented Islamic economic principles, namely Tawheed; whatever is done is based on the existence of Allah SWT Khilafah and Al-Ta'awanun, namely mutual help. The raw materials used are natural and halal materials, which are permitted in Islam, are obtained in a good way, and are sold only through orders from consumers via social media.

Pemikiran Sosiologi Ekonomi Islam

Abstract 
 This study carries the thought of Islamic economic sociology as an approach that combines the principles of Islamic economics with social analysis in understanding economic phenomena in the context of Muslim societies. The purpose of this research is to identify the main issues in Islamic economic sociology thinking, explain the research objectives, present the methods/approaches used, and summarize the research results.
 This research identifies several main issues in Islamic economic sociology thinking, including distributive justice, economic and environmental sustainability, and ethical values in business. This research aims to deepen understanding of this thinking and its relevance in dealing with contemporary economic challenges. The method/approach used is an analysis of literature and classical Islamic texts, as well as relevant empirical research.
 The results of the study show that the sociological thinking of Islamic economics makes an important contribution to understanding economic phenomena in Muslim societies. Islamic principles, such as distributive justice, sustainability, and ethical values, form the foundation for building an inclusive and sustainable economic model. This research also uncovers important issues such as social inequality, gender inequality, and environmental impact on economic activity.
 The results of the study show that Islamic economic sociology has the potential to provide a comprehensive view of overcoming social and economic challenges in Muslim societies. This research concludes that this approach can be a source of inspiration for sustainable economic policies, as well as promoting justice, balance, and prosperity for all members of Muslim society.

Analisa Instrumen Keuangan Perbankan Syariah Studi Kasus PT Bank Tabungan Negara. Tbk

Islamic financial institutions use an accounting system that is different from conventional accounting. The basis of sharia banking accounting follows the principles of Islamic economics which include the prohibition of interest or what is often called usury (including other usurious practices), then the prohibition of investment in businesses that are considered haram, as well as encouraging fair wealth and economic growth.

Economic Empowerment Of Ummah Through Sharia Fintech:Literature Review

Fintech Syariah is an innovation that has the potential to strengthen the Islamic economy by providing more inclusive and syariah-compliant access to financial services. This article provides comprehensive literature on how Islamic finance technology benefits Muslim economies. Using a variety of literary analyses, this article explains how Fintech Syariah may increase access to money, provide innovative solutions for social and economic problems, and reduce the risk associated with financial inception. We also outline the necessary regulatory measures that must be taken to ensure that Islamic economic principles are adhered to in Fintech. The current study provides insight into how Fintech Syariah may become a significant tool for Muslim economic development, with implications that are particularly significant for the growth of the Islamic economy in the current digital era.

Sharia Economic Perspective on Online Loans Among Millennials

Online loans have become a significant phenomenon among millennials, especially in today's digital era. In the perspective of Islamic economics, online loans are an interesting topic for analysis. First, we will examine aspects of sharia compliance in online loan transactions. In Islamic economics, there are principles such as the prohibition of usury (interest) and gharar (uncertainty) that must be considered. In the context of online loans, it will be analyzed whether the loan mechanism and fees applied are in accordance with these principles. Second, we will look at the social and economic impact of online loans on millennials. Many millennials are experiencing financial difficulties and are using online loans as a quick solution. However, unwise use of online loans can have negative impacts, such as being trapped in a debt cycle that is difficult to overcome. In an Islamic economic perspective, it will be evaluated whether online loans provide long-term benefits for millennials and society as a whole. Third, alternative options will be discussed in an Islamic economic perspective that can be a solution for millennials in managing their finances. Concepts such as profit-sharing financing, term savings (mudarabah), and risk-sharing financial systems (takaful) will be studied as alternatives that are more in line with Islamic economic principles.

Analisis maqashid dan maslahah transaksi e-commerce di Indonesia

This study aims to analyze the relevance and implications of Maqashid Syariah and Muamalah in e-commerce transactions in Indonesia. The aim of this study is to understand how the principles of Maqashid Sharia and Muamalah can be applied in the context of e-commerce transactions, as well as to identify the benefits and challenges that arise in applying those principles. This research method uses a qualitative approach by conducting a literature review involving the study of scientific literature, official documents, and practice guidelines related to e-commerce and Islamic economics. Qualitative analysis was conducted to explore and understand the implications of Maqashid Sharia and Muamalah principles in e-commerce transactions in Indonesia. The results showed that Maqashid Syariah and Muamalah have significant relevance in the context of e-commerce in Indonesia. The application of these principles can ensure halal in transactions, maintain fairness, protect consumers, and create a business environment with integrity. However, there are challenges in implementing these principles, including a lack of awareness and understanding of the principles of Islamic economics, differences in interpretation, and limitations in monitoring and enforcing the rules. Therefore, collaborative efforts are needed between the government, business actors, and related institutions to increase understanding, develop codes of practice, and increase supervision in e-commerce transactions in accordance with Maqashid Syariah and Muamalah.

MARKETING STRATEGY FOR INDONESIAN PALM OIL PRODUCTS IN ISLAMIC ECONOMIC PERSPECTIVE IN PPKS MARIHAT

This research aims to determine the sales strategy for palm oil products from an Islamic Economics perspective. The integration of conventional marketing into sharia principles refers to efforts to combine conventional marketing strategies with Islamic economic perspectives. In collecting data, this type of research uses qualitative research with subjective strategies using library or literature study methods, especially information gathering methods by understanding and focusing on speculation from various related articles as well as interviews and observations. The results of this research show that by implementing a sales strategy that adheres to the principles of Islamic economics, a business will be able to build a strong image and gain consumer trust and not harm consumers and become a sin for producers.

Comparative Analysis of Muhammad Umer Chapra and John Maynard Keynes' Perspectives on Fiscal Stimulus in Addressing Economic Crises

This article presents a comprehensive comparative analysis of the economic perspectives of Muhammad Umer Chapra, an esteemed Islamic economist, and John Maynard Keynes, a renowned Western economist, concerning the concept of fiscal stimulus as an effective measure to address economic crises. By examining their viewpoints, the article explores the divergent approaches and underlying principles in implementing fiscal stimulus policies. Chapra's perspective highlights the importance of ethics, justice, and social welfare in economic decision-making, emphasizing the compatibility of fiscal stimulus with Islamic economic principles. In contrast, Keynesian economics, as advocated by Keynes, emphasizes the role of government intervention and the use of fiscal policies to stimulate aggregate demand and overcome economic downturns. The article critically analyzes the similarities, differences, and potential areas of convergence between these two prominent economists, shedding light on the implications and effectiveness of fiscal stimulus measures in various economic contexts. By understanding and comparing these perspectives, policymakers and economists can gain valuable insights into crafting comprehensive and context-specific approaches to address economic crises and promote sustainable economic growth.

Use of the Flip Application in Fintech Transactions from an Islamic Economic Perspective: Wahdah Islamiyah Cadre Flip User Study

The development of financial technology (fintech) has given rise to various financial service applications, including the Flip application. Flip provides a variety of technology-based financial services, such as interbank transfers, buying credit, and E-Wallet top-ups. The Flip application is widely used by the general public, including cadres of the Wahdah Islamiyah mass organization. This research examines fintech transactions from an Islamic perspective, tracing fintech contracts in the Flip application, and the views of Wahdah Islamiyah cadres regarding the use of the Flip application in fintech transactions from an Islamic economic perspective. This research uses qualitative methods with descriptive analysis and a grounded theory approach. Observation, interviews, and documentation all played a role in the data collection process. The results of this research show that: 1) in Islamic terms, fintech is something that is permitted as long as it is free from prohibited elements such as usury, gharar, maysir, tadlis, dharar, zhulm, and haram. 2) Fintech contracts in the Flip application are wakalah, wakalah bil ujrah, and bay' (buying and selling) contracts, which are basically permitted. 3) Flip users among Wahdah Islamiyah cadres view that Flip services such as interbank transfers, credit purchases, and E-Wallet top-ups are in accordance with Islamic economic principles because they are free from usury, gharar, and dharar and contain maslahah and taysir (convenience). Implications of this research: 1) The socialization of Islamic economic principles in fintech-based financial services is needed. 2) can develop research on other fintech features of the Flip application.

STABILITAS EKONOMI MAKRO DALAM PERSPEKTIF EKONOMI ISLAM : TEORI DAN PRAKTEK

This research discusses important issues regarding macroeconomic stability from an Islamic economic perspective. The aim is to analyze key concepts that influence economic stability within an Islamic economic framework and identify the impact of Islamic economic policies on macroeconomic stability. This research methodology includes literature review, case studies, secondary data analysis, as well as interviews with economic experts and Islamic finance practitioners. The research results show that macroeconomic stability from an Islamic economic perspective is very important. In the discussion, it was emphasized that Islamic economics has the potential to make a significant contribution to macroeconomic stability, especially in the context of countries that apply Islamic economic principles. Policy recommendations and practical implications are presented to guide economic practitioners, governments and Islamic financial institutions in efforts to achieve better economic stability. This research also identifies several challenges and opportunities for future research in the field of macroeconomic stability from an Islamic economic perspective. In conclusion, this research provides deeper insight into the importance of macroeconomic stability in the context of Islamic economics and ways to achieve. Keywords: Economic Stability, Macroeconomics, Macroeconomics from Islamic perspective

ANALISIS PELAYANAN DAN HARGA TERHADAP KEPUASAN KONSUMEN PRODUK PANGAN BEKU PERSPEKTIF EKONOMI ISLAM DI DC FROZEN FOOD ROGOJAMPI BANYUWANGI

This research was conducted to answer the formulation of the problem: (1) How is the Analysis of Service Quality and Price in Achieving Consumer Satisfaction in Purchasing Frozen Food Products at DC Frozen Food.id Rogojampi Banyuwangi? (2) What is the review of the Islamic Economic Perspective on Service Quality and Price in Achieving Consumer Satisfaction in Purchasing Frozen Food Products at DC Frozen Food.id Rogojampi Banyuwangi? The method used in this research is qualitative research with descriptive research type. Data collection techniques used are interviews, observation, and documentation related to the formulation of the problem. The first conclusion, service determines consumer satisfaction. They are very happy when these employees are always friendly and responsive when consumers come who want to shop and buy frozen food products. Meanwhile, on the other hand, price is very decisive, because frozen food products tend to have affordable prices and according to their quality and benefits. Second, viewed from the perspective of Islamic Economics that is service quality, Islam views that DC Frozen Food.id Rogojampi in running its business has provided good service and is in accordance with the principles of Islamic Economics which is based on the Qur'an and hadith. And the price set by DC Frozen Food.id Rogojampi is in accordance with the concept of Islamic economics, namely the principle of justice. Like and like from both parties or willingness and there is no coercion and no one is harmed from both parties (dzolim). Meanwhile, setting prices is in accordance with the concept of Islamic economics.

The Strategic Role Of Article 6 Of Law No 41 Of 2004 In The Management Of Term Waqf: A Progressive Review Of Islamic Economic Renewal

Waqf is a form of worship and is also one of the pillars of the Islamic economy which has the potential to improve community welfare and overcome the problem of poverty. One of the laws governing waqf in Indonesia is Law No. 41 of 2004. Futures Waqf is an innovation in modern Islamic economics, aligning Islamic economic principles with contemporary developments. This research provides an understanding of the evolution of Islamic economics and efforts to encourage the implementation of Islamic economic principles in ever-changing global dynamics. In this research the author uses a qualitative method with a normative juridical approach. This law is the basis that waqf can be forever and can also have a term. This is very different from what is regulated by Islamic waqf law which tends to be less directed towards economic empowerment of the people and is only used for religious activities such as building mosques, prayer rooms, schools and cemeteries. This evaluation provides an in-depth impact on how the effectiveness of this regulation can increase the economic benefits of Term Waqf, encourage sustainable economic growth, and support the achievement of sharia economic development goals in Indonesia.

Adapting Bitcoin between jurisprudential differences and legitimate purposes

This research aims to illuminate jurisprudential differences in the adaptation of Bitcoin. It first addresses the resolution of disputes surrounding Bitcoin and examines the reasons for variations in its adaptation. The study presents the cryptocurrency’s characteristics, issuance method, and trading mechanisms, all in the context of legal considerations. The research adopts an inductive and descriptive approach suitable for its subject matter. It comprises an introduction and two main sections. In the introduction, the study defines Bitcoin, outlines its characteristics, and discusses the current practices associated with it. The first section explores the diverse jurisprudential adaptations of Bitcoin after resolving the disputes and identifying the factors contributing to the differing viewpoints. The second section examines how legal objectives influence the adaptation of Bitcoin. The research concludes with several key findings and recommendations. These include the necessity to legalize trading in Bitcoin and other cryptocurrencies, as well as the importance of finding alternatives that align with Islamic economic principles, meeting both efficiency and legal criticism requirements.

Online Based Marketing Strategy in Sharia Econimic Perspective

Background: Online marketing, in the perspective of Islamic economics, is the implementation of marketing strategies that adhere to Sharia principles in selling products or services through digital platforms. Online marketing, from the perspective of Islamic economics, is based on Islamic values, including ethics, justice, honesty, and business transparency.
 Research Objective: To understand the application of Islamic economic principles in the context of online marketing and to provide an understanding of online marketing from the perspective of Islamic economics. Research Method: This study employs a literature review method using relevant theories and data related to the researched issues.
 Research Findings: A profound understanding of the Islamic economic perspective can assist in developing online marketing strategies that align with Sharia principles. This may involve avoiding prohibited business practices, ensuring that offered products or services are halal and adjusting marketing communication to align with Islamic values.
 Conclusion: From the perspective of Islamic economics, online marketing strategies emphasize that technology-related activities should be based on Sharia principles, including the prohibition of riba (interest), the prohibition of Maisir (gambling) practices in the online environment, the prohibition of producing or selling prohibited products, and efforts to avoid gharar (uncertainty)

Strategi Lembaga Amil Zakat Nasional Yatim Mandiri Kota Makassar untuk Meningkatkan Jumlah Muzakki


 This paper aims to investigate developments and changes in Islamic economic thought during the period 1960-1980. This period is very important in the history of Islamic economic thought because it experienced many social, political, and economic changes in the Muslim world. This study uses historical analysis methods to trace the evolution of Islamic economic thought at that time. This paper identifies several key figures and schools of thought that played an important role in developing Islamic economic thought in that period. Some of the figures studied include Sayyid Abul A'la Maududi, Sayyid Qutb, and Muhammad Baqir as-Sadr, who represent diverse views in Islamic economic thought. The results of this study indicate that the period 1960-1980 was an important period in the development of Islamic economic thought. During this period, attempts were made to combine the principles of Islamic economics with contemporary economic practices. Several schools of thought propose alternative economic models based on Islamic principles, such as an economic system based on social justice, sustainable economic development, and economic empowerment of Muslims.
 Keywords: Strategy, Fundraising, Muzakki, Direct and Indirect

Perkembangan Sejarah Pemikiran Ekonomi Islam Periode 1960-1980

This paper aims to investigate developments and changes in Islamic economic thought during the period 1960-1980. This period is very important in the history of Islamic economic thought because it experienced many social, political, and economic changes in the Muslim world. This study uses historical analysis methods to trace the evolution of Islamic economic thought at that time. This paper identifies several key figures and schools of thought that played an important role in developing Islamic economic thought in that period. Some of the figures studied include Sayyid Abul A'la Maududi, Sayyid Qutb, and Muhammad Baqir as-Sadr, who represent diverse views in Islamic economic thought. The results of this study indicate that the period 1960-1980 was an important period in the development of Islamic economic thought. During this period, attempts were made to combine the principles of Islamic economics with contemporary economic practices. Several schools of thought propose alternative economic models based on Islamic principles, such as an economic system based on social justice, sustainable economic development, and economic empowerment of Muslims.
 Keywords: Islamic Economic Thinking, History

The Role of the Family Hope Program (PKH) in Enhancing Family Literacy and Financial Management from the Perspective of Islamic Economics

As Financial Planner, women have a challenging task, as managing family finances is akin to regulating the heartbeat of married life, making financial literacy and management essential skills to possess. This research examines the role of the Family Hope Program (PKH) in educating aid recipients regarding financial management, focusing on female PKH aid recipients who must actively seek livelihoods. This study adopts a qualitative approach with a case study methodology. The research findings highlight the vital role of PKH in enhancing beneficiaries' financial management literacy, aligning with Islamic economics principles. It is evident in all informants demonstrating financial management practices adhering to Islamic economic principles. It includes using money, budgeting, setting aside emergency/savings funds investments, and managing credit/debt. These findings serve as a crucial reference for PKH support. Recommendations for future research include exploring the differences in financial management between active and non-working PKH aid recipients.

IMPLEMENTASI PRINSIP EKONOMI ISLAM DAN PERENCANAAN KEUANGAN SYARIAH DI DESA JAYABAKTI

The problem faced by the people of Jayabakti Village is that there are some people who like to make credit through loan sharks, causing the community to be unable to pay their obligations and have to bear increasingly inflated fines. In this service program, a series of activities will be carried out to encourage village communities to apply the principles of Islamic economics. These activities include sharia financial management training and socialization regarding sharia financial institutions. It is hoped that with this work program, village communities will become increasingly aware of the importance of applying Islamic economic principles in their lives. This service applies the socialization method through seminars, the results obtained are that this activity has an impact, namely adding insight regarding Islamic economic principles and ideal financial planning for families, helping village communities in building a sustainable and just economy, and minimizing the risk of losses due to illegal loans .

INCREASE IN PRICES OF STAPLES IN THE MONTH OF RAMADAN IN THE PERSPECTIVE OF ISLAMIC ECONOMIC PHILOSOPHY

Purpose- The objective of this research is to analyze the phenomenon of the increase in prices of basic commodities during Ramadan from the perspective of Islamic economic philosophy. This study aims to understand the factors influencing price hikes, their impact on society, and to find solutions in line with the principles of Islamic economics to address the issue. Methodology- This research utilizes a qualitative and descriptive approach. Data will be collected through literature review, document analysis, and interviews with Islamic economics experts. Data analysis will be conducted using deductive and inductive approaches, while referring to relevant Islamic economic principles. Findings- Based on this study, it was found that the increase in prices of basic commodities during Ramadan can be attributed to several factors. One of the main factors is the high demand due to increased consumption during the fasting month. Additionally, other factors such as price speculation, changes in consumer behavior, and supply disruptions can also contribute to price hikes. The impact of the price increases of basic commodities during Ramadan is strongly felt by the society, particularly those with low incomes. The price hikes can lead to economic difficulties, social instability, and increased economic disparity within the community. This contradicts the principles of Islamic economics that emphasize justice, sustainability, and concern for the welfare of society. Conclusion- Based on this research, it can be concluded that the increase in prices of basic commodities during Ramadan, from the perspective of Islamic economic philosophy, is a complex issue that requires solutions aligned with the principles of Islamic economics. Potential solutions include enhancing market transparency, reducing price speculation, promoting local production, encouraging active participation of the community, and strengthening mechanisms for fair economic redistribution. Implementing Islamic economic principles such as justice, sustainability, and social welfare can help address the issue of price hikes during Ramadan and create a more stable and sustainable economy. In this context, the role of the government, Islamic financial institutions, and society at large is crucial in working together to address this problem and ensure equitable economic well-being for all segments of society. Keywords: Increase in prices, basic commodities, Ramadan, Islamic economic philosophy, price hikes JEL Codes: D40, E31, P48

Practical Implications of The Prohibition of Gambling In Islamic Economic Principles

This article reviews the practical implications of banning gambling in Islamic economics and how this principle helps maintain economic order and social responsibility. The prohibition of gambling in Islam is based on the principles of tawhid, justice, maslahat, ta'awun, and balance. This article explains how gambling bans encourage fair economic practices, avoid exploitation, and promote wealth redistribution. In addition, the prohibition of gambling also contributes to the establishment of an ethical and socially responsible society through a more equitable distribution of income. The practical implications of this gambling ban can be seen in the implementation of Islamic economic principles, which focus on justice, economic empowerment, and the welfare of society as a whole.