Journal of Islamic Economy (JOIE) is a peer-reviewed open access international journal that aims to facilitate a better understanding of research-based management science among academics and study analysts, thus making a positive contribution and influence on the world of Islamic economics. All submitted manuscripts will be reviewed by the editors and then evaluated by a minimum of two International Reviewers through a double-blind review process. This is to ensure the quality of manuscripts published in the journal. The journal publishes original articles on current issues and trends occurring internationally in the fields of:(1) Islamic Public Economic Philosophy, (2) Islamic Economic Thought, (3) Islamic Economics and Contemporary Issues, (4) Contemporary Issues in Islamic Financial Institutions, (5) Islamic Management and Islamic Accounting, (6) Legal Aspects in Islamic Economics.The journal, which has been published since 2024, is published three times each year in March, July and November Journal title : Journal of Islamic Economy Initials : JOIE Frequency : 3 (three) times a year (March, July, November) DOI : 10.62872 ISSN Online : 3047-2520 Editor in Chief : Dwi Siyamsih Managing Editor : Rosmaria Assistant Editor : Naela Mikyalul Faizah Publisher : PT. Anagata Sembagi Education Accreditation : Index Copernicus International
The Influence of the Role of Islamic Financial Institutions on Optimizing Islamic Economic Policy Through Increasing Productive Financing in Bangka Belitung Province
This study aims to analyze the influence of Islamic financial institutions (IFIs) on the optimization of Islamic economic policy through increased productive financing in the Bangka Belitung Islands Province. The background to this study is the low proportion of productive financing channeled by IFIs, as most funds are still focused on the consumer sector and therefore do not contribute optimally to regional economic development. Using a quantitative approach with the Structural Equation Modeling (SEM) method, the study involved 120 respondents consisting of ISI employees, customers, MSME actors, and regional policy makers. The results show that the role of ISIs has a positive and significant effect on increasing productive financing with a regression coefficient of 0.68 and significance below 0.05. Productive financing also has a significant effect on the optimization of Islamic economic policy with a regression coefficient of 0.72 and an R² value of 0.73. The variable of productive financing plays an important mediating role in strengthening the relationship between the role of LKS and Islamic economic policy, particularly through the MSME, agriculture, and fisheries sectors. These findings confirm the relevance of Islamic finance theory and the principles of maqashid al-syariah, and emphasize the importance of synergy between the government, Islamic financial institutions, and the community in building a fair, inclusive, and sustainable Islamic economic ecosystem
Copyright (c) 2025 Efendi Sugianto, Mohamad Makrus, Afrizal Afrizal (Author) https://creativecommons.org/licenses/by-sa/4.0
The Influence of Islamic Financial Literacy on The Investment Decisions of Millennials: A Behavioral Finance Approach
The rapid growth of Indonesia’s digital economy and the expansion of Islamic financial services have created new investment opportunities for Muslim millennials. However, low levels of Islamic financial literacy remain a challenge that may affect investment quality and Sharia compliance. This study examines the influence of Islamic financial literacy on the investment decisions of Indonesian millennials. Using a quantitative survey approach, data were collected through purposive sampling involving Muslim millennials aged 25–40 years who have invested or have interest in Sharia-based instruments. A structured questionnaire measured Islamic financial literacy knowledge, understanding of contracts, and Sharia attitudes including investment decision variables, including risk assessment, instrument selection, and investment orientation. Multiple linear regression analysis revealed that Islamic financial literacy has a significant and positive effect on investment decisions. Respondents with higher literacy demonstrated greater prudence, preferred halal instruments such as sukuk and Islamic mutual funds, and avoided speculative assets. These findings highlight the importance of strengthening Islamic financial education, integrating digital Sharia learning, and improving financial platform transparency to support sustainable Sharia investment behavior among millennials
Copyright (c) 2025 Nurchayati Nurchayati (Author) https://creativecommons.org/licenses/by-sa/4.0
The Influence Of Customer Experience On Customer Loyalty Mediated By Emotional Experience Among Shopee Users In The Special Region Of Yogyakarta
The rapid growth of e-commerce competition requires companies to deliver superior customer experiences to ensure long-term loyalty. In the context of Shopee users in the Special Region of Yogyakarta, customer experience and emotional experience play essential roles in influencing customer loyalty. This study aims to examine the influence of customer experience on customer loyalty, with emotional experience as a mediating variable. A quantitative approach was employed, using purposive sampling. Data were collected through an online questionnaire (Google Form) and analyzed using SEM-PLS. The findings indicate that customer experience has a positive and significant effect on customer loyalty. Additionally, customer experience significantly influences emotional experience, and emotional experience significantly affects customer loyalty. Furthermore, emotional experience is proven to mediate the relationship between customer experience and customer loyalty. These results highlight the importance of emotional engagement in strengthening customer loyalty in e-commerce platforms. Therefore, Shopee and similar platforms must enhance emotional touchpoints by providing responsive, personalized services that foster feelings of satisfaction, appreciation, and comfort. This study is limited to Yogyakarta and online survey distribution. Future research should expand the geographical scope and consider mixed-method approaches.
Copyright (c) 2025 Sujoko Sujoko, Syarifah Syarifah, Rakhmat Sigit Widodo (Author) https://creativecommons.org/licenses/by-sa/4.0
The Role of Green Fiscal Policy in Supporting Green Governance and Green Economic Development
This article examines the strategic role of green fiscal policy in supporting governance and green economic development in Indonesia. This research uses a descriptive qualitative approach with data collection techniques through semi-structured interviews and documentation studies. The findings indicate that the implementation of green fiscal policy in Indonesia has progressed through instruments such as carbon taxes, green sukuk issuance, and climate budget tagging. These policies not only aim to restructure the fiscal structure towards sustainability but also encourage more transparent, accountable, and collaborative governance. Although still facing challenges such as resistance to reducing fossil fuel subsidies and limited regional capacity, significant opportunities open up through the potential of the national green sector and global financing support. This study concludes that synergy between fiscal instruments, institutional reform, and cross-sectoral governance is key to realizing an inclusive and sustainable green economy.
Copyright (c) 2025 Loso Judijanto, Dzulfikri Azis Muthalib (Author) https://creativecommons.org/licenses/by-sa/4.0
The Influence of Product Quality, Member Satisfaction, and Brand Image on Member Loyalty of the Baitul Tamwil Muhammadiyah Mulia Sharia Consumer Cooperative
Competition in the world of the sharia cooperative industry requires administrators to work harder to maintain the loyalty of members so that they do not move to other competitors. So it is important for the management to know the factors that can affect the loyalty of its members. The purpose of this study is to determine the influence of product quality variables, member satisfaction, and brand image on the loyalty of members of the Sharia Consumer Cooperative (KKS) Baitul Tamwil Muhammadiyah (BTM) Mulia partially and simultaneously. The sample used in this study was 98 samples selected by the purposive sampling method with the respondent criteria, namely active members of the KKS BTM Mulia and members who have purchased products or services more than once. The data were processed using multiple linear regression analysis techniques. Based on the test, it was found that member satisfaction and brand image had a positive and significant effect on the loyalty of KKS BTM Mulia members, while product quality had no effect on the loyalty of KKS BTM Mulia members. Product quality, member satisfaction, and brand image simultaneously have a positive and significant effect on the loyalty of KKS BTM Mulia members.
Copyright (c) 2025 Alfain Jalaluddin Ramadlan, Farokhah Muzayinatun Niswah, Dita Pratiwi Kusumaningtyas, Elvina Assadam (Author) https://creativecommons.org/licenses/by-sa/4.0
The Role of Zakat Institutions in Improving the Community's Economy
This study aims to analyze the role of zakat institutions in improving the community's economy through various empowerment programs. The research method used is a qualitative approach with a case study design. Data were collected through in-depth interviews with zakat institution managers, beneficiary mustahik, and community leaders, supplemented by documentation studies and field observations. The results show that zakat institutions contribute significantly to increasing the income and independence of mustahik through programs such as business capital assistance, skills training, and business mentoring. Some mustahik have even succeeded in improving their standard of living and becoming muzakki. However, zakat institutions still face challenges such as limited funds, low financial literacy among mustahik, and the need for innovation in empowerment programs. This study recommends the need to strengthen collaboration between zakat institutions and the government, the private sector, and academics to expand the socio-economic impact of zakat management.
Copyright (c) 2025 Sumadi Buton (Author) https://creativecommons.org/licenses/by-sa/4.0
Productive Waqf Development Strategy to Advance Education and Health in the Bangka Belitung Islands Province
Waqf is one of the important instruments in Islamic economics that has a strategic role in the social development of society, especially in the fields of education and health, in the Bangka Belitung Islands Province, the potential for waqf is quite large with more than 1,377 plots of waqf land spread across various regions but its management is still dominated by a consumptive approach and has not been developed productively, this article aims to examine the strategy of developing productive waqf as an alternative solution for financing education and health development, especially in areas that still have limited access to basic services. This study uses a descriptive qualitative approach with data collection methods through in-depth interviews, observation, and documentation. Research informants consist of waqf nazhir, community leaders, academics and related parties from the Ministry of Religious Affairs as well as waqf-based educational and health institutions. Data analysis was carried out with a thematic approach through the stages of data reduction, data presentation, and drawing conclusions. The research results show that low public literacy, unequal training for nazhir, and incomplete legality of waqf assets are the main obstacles in the development of productive waqf. However, there are initiatives that can serve as pilot models, such as the productive waqf incubation program by the KUA in East Belitung and South Belitung, and the management of oil palm agricultural waqf in Bedengung Village. The research also found that multi-stakeholder collaboration, management transparency, and digital technology support play a significant role in encouraging sustainable productive waqf. Thus, the strategy for developing productive waqf in Bangka Belitung requires synergy between the government, nazhir, the community, and the private sector through asset legalization, increasing public literacy, nazhir training, and the integration of waqf into regional economic programs. Productive waqf is expected to be an alternative development instrument that can strengthen education and health services evenly and inclusively, and improve community welfare in a sustainable manner in the Bangka Belitung archipelago.
Copyright (c) 2025 Efendi Sugianto (Author) https://creativecommons.org/licenses/by-sa/4.0
Analysis of the Relationship between Sharia Investment and Macroeconomic Growth: An Empirical Study in Indonesia
This study aims to analyze the relationship between Islamic investment and macroeconomic growth in Indonesia using a qualitative approach through an exploratory descriptive design. Data were collected through in-depth interviews with academics, Islamic finance practitioners, regulators, and economic observers, supplemented by documentation studies from various official sources such as the Financial Services Authority (OJK), Statistics Indonesia (BPS), and Bank Indonesia. The results indicate that Islamic investment contributes positively to driving macroeconomic growth, particularly through financing the real sector and infrastructure development supported by sovereign sukuk instruments. The application of Islamic principles based on ethics, fairness, and the prohibition of usury contributes to creating a sustainable and inclusive investment ecosystem. Islamic investment also has a multiplier effect on the economy by strengthening MSMEs, creating jobs, and improving public welfare. However, the development of Islamic investment still faces several challenges, such as low levels of public literacy regarding Islamic finance, limited investment product variety, and the need for regulations that are more adaptive to global market dynamics. Therefore, closer synergy is needed between the government, regulators, industry players, and academics to strengthen the sharia investment ecosystem and optimize its role in inclusive and sustainable national economic development.
Copyright (c) 2025 Ahmad Muqorrobin, Adi Putra, Yunie Rahayu (Author) https://creativecommons.org/licenses/by-sa/4.0
Optimization Strategy for Zakat Collection and Distribution in the Digital Era
This study aims to analyze the strategy for optimizing zakat collection and distribution in the digital era, especially in the context of efficiency, transparency, and service reach. The background of this study is the still low realization of zakat collection compared to the very large national potential, as well as the challenges of unequal zakat distribution. The research method used is qualitative descriptive with data collection techniques in the form of in-depth interviews, document studies, and secondary data analysis from zakat institutions and other relevant sources. The results of the study show that digitalization of zakat through applications, e-wallets, and online payment systems can increase ease of access for muzakki and expand the reach of distribution to mustahik. Transparency of digital reports also encourages public trust, while infrastructure challenges and digital literacy remain obstacles that need to be overcome. This study emphasizes the importance of collaboration between the government, zakat institutions, and the technology sector to build an effective zakat system in the digital era.The findings of this study indicate that the use of digital technology, such as mobile-based zakat applications, QRIS systems, e-wallets, and online payments, have made a real contribution to increasing ease of access for muzakki and streamlining the zakat fund collection process. Furthermore, zakat distribution has become more structured and more widely accessible due to the integration of data and technology-based tracking systems. In addition, the transparency of real-time digital reports has been proven to increase the level of public trust in zakat institutions. However, this study also found that infrastructure challenges, technological gaps between regions, and low digital literacy, both among zakat managers and recipients, are still serious obstacles in efforts to optimize the digital zakat system.
Islamic Economic Transformation in the Digital Era: Opportunities and Challenges
The digital era has driven significant changes in various economic sectors, including in the development of Islamic economics. This study aims to examine the opportunities and challenges of Islamic economic transformation in the context of digitalization using the Systematic Literature Review (SLR) method. Data were obtained from selected academic literature published between 2019 and 2024, which were then analyzed using thematic coding techniques. The results of the study indicate that digitalization offers great opportunities to increase Islamic financial inclusion, expand market reach, and introduce innovations such as Islamic fintech, blockchain, and waqf-based crowdfunding. However, a number of challenges have emerged, such as regulatory uncertainty, low Islamic digital financial literacy, and cybersecurity risks. This study concludes that the success of Islamic economic transformation in the digital era is highly dependent on the synergy between adaptive regulations, technological innovations that are in accordance with Islamic principles, and increasing digital literacy among Muslim communities. These findings are expected to be the basis for developing strategies to strengthen the Islamic economy in facing the dynamics of the digital-based global economy.
Copyright (c) 2024 Bella Mauris (Author) https://creativecommons.org/licenses/by-sa/4.0
Implementation of Sharia Principles in Microfinance: A Case Study in Indonesia
The purpose of this study is to analyze the implementation of sharia principles in microfinance in Indonesia through the Systematic Literature Review (SLR) approach. The SLR method was chosen because it allows researchers to collect and analyze various related literature systematically, in order to provide a comprehensive picture of the implementation of sharia principles in the microfinance sector in Indonesia. This study identifies relevant literature based on inclusion and exclusion criteria, focusing on studies published in the last 4-5 years that discuss the implementation of sharia principles in microfinance. Furthermore, a thematic analysis was conducted to identify patterns, trends, and challenges faced by sharia microfinance institutions in implementing sharia principles. The results of this study indicate that the implementation of sharia principles in microfinance in Indonesia has great potential to improve the economic welfare of the community, especially in terms of financial inclusion. However, significant challenges related to the community's understanding of sharia principles and the lack of supporting regulations are still major obstacles to its development. Nevertheless, sharia microfinance continues to show great potential in providing solutions for community economic empowerment. This study suggests the need for strengthening policies, increasing public education on sharia principles in microfinance, and product and service innovations that are more in line with market needs. The successful implementation of sharia principles is highly dependent on effective collaboration between financial institutions, government, and the community.
Copyright (c) 2024 Putri Agustina (Author) https://creativecommons.org/licenses/by-sa/4.0
Analysis of the Effectiveness of Mudharabah and Musyarakah Financing Models in Islamic Financial Institutions
This study aims to analyze the effectiveness of the mudharabah and musyarakah financing models in Islamic financial institutions. The method used is the Systematic Literature Review (SLR), which allows researchers to evaluate and synthesize various relevant studies in order to obtain more comprehensive conclusions on the topic. SLR is conducted by collecting articles that discuss mudharabah and musyarakah financing and analyzing the factors that influence the effectiveness of both models. Literature searches are conducted through academic databases such as Google Scholar, Scopus, and JSTOR, with selected articles filtered based on predetermined inclusion and exclusion criteria. Relevant articles were published in the last five years and focused on Islamic financing. Researchers conducted a thematic analysis of selected articles to identify emerging themes related to the effectiveness of these two financing models. The results of the study indicate that the mudharabah and musyarakah models are effective as alternative financing for the MSME sector, allowing business actors to obtain capital without being trapped in interest obligations. However, the effectiveness of this model is highly dependent on good risk management, clarity of profit and loss sharing, and transparency and trust between Islamic financial institutions and customers. Therefore, Islamic financial institutions need to improve their supervision and risk management systems to ensure the successful implementation of this financing model.
Copyright (c) 2024 Fatur Rahman Karim (Author) https://creativecommons.org/licenses/by-sa/4.0
The Role of Zakat and Waqf in Encouraging Sustainable Economic Growth
This study aims to examine the role of zakat and waqf in driving sustainable economic growth with a focus on their contribution to wealth redistribution and socio-economic empowerment. The research method used is the Systematic Literature Review (SLR), which allows the collection and analysis of relevant studies published in the last five years (2019–2024) from various leading academic databases, such as Scopus, Web of Science, Google Scholar, and ProQuest. The SLR process involves several stages, starting from formulating research questions, developing literature search strategies, screening articles based on inclusion and exclusion criteria, to synthesizing key findings. The results of the study indicate that zakat and waqf play a significant role in driving sustainable economic growth through wealth redistribution mechanisms and socio-economic empowerment, with greater contributions when optimized through digitalization and management innovation. The synergy between zakat, waqf, and the national financial system as well as strengthening regulations and public literacy are key factors in increasing their impact. This study emphasizes the importance of cross-sectoral cooperation to ensure that zakat and waqf can be the main driving force in realizing fair, inclusive, and sustainable economic development.
Copyright (c) 2024 Rahmat Habibi (Author) https://creativecommons.org/licenses/by-sa/4.0
Digital transformation in the Islamic economy: Innovations and challenges in 2025
This study aims to examine the role of digital transformation in supporting the development of the sharia economy, especially in terms of technological innovation and the challenges of its implementation until 2025. Digital transformation is considered an important element in driving operational efficiency, expanding financial inclusion, and strengthening the sustainability of an economic system based on Islamic values. This study uses the Systematic Literature Review (SLR) method, which is a systematic and structured approach to identifying, evaluating, and analyzing relevant scientific literature. The SLR process includes formulating research questions, determining inclusion and exclusion criteria, selecting databases such as Scopus, Google Scholar, and ScienceDirect, and thematic analysis of the results of the literature review. The results of the study show that various digital innovations such as sharia fintech, blockchain, and artificial intelligence (AI) have made significant contributions to increasing the efficiency and transparency of sharia financial services. However, this digitalization also presents a number of challenges such as unpreparedness of regulations, minimal technological fatwas, and low sharia digital literacy among the public. Therefore, collaboration between regulators, practitioners, academics, and scholars is needed to build a digital sharia economic ecosystem that is inclusive, safe, and in accordance with the principles of maqashid sharia
Copyright (c) 2025 Muflih Adi Laksono, Rahmat Setiawan, Nurhasanah Pasaribu (Author) https://creativecommons.org/licenses/by-sa/4.0
Building Ethical Business: Islam's Contribution to Facing Modern Economic Challenges
This study aims to examine the contribution of Islamic business ethics in facing modern economic challenges and how these ethical principles can help build ethical businesses. The method used is Systematic Literature Review (SLR), which aims to identify, evaluate, and synthesize findings from literature relevant to this topic. The first step is to formulate research questions related to modern economic challenges and the contribution of Islamic business ethics. Next, relevant literature is selected with inclusion and exclusion criteria, and then analyzed to provide a deep understanding of the solutions offered by Islam. The results of the study show that Islamic business ethics emphasizes moral principles such as honesty (ṣidq), justice ('adl), amanah, and social responsibility. Business in an Islamic perspective is not only oriented towards material profit, but also aims to obtain blessings and social welfare. These principles prohibit detrimental practices such as usury, gharar, and maysir, and encourage the implementation of zakat, infaq, and waqf to overcome economic inequality. In addition, the application of sharia principles in modern business, as applied by sharia fintech and halal marketplace, shows that businesses can operate ethically and have a positive impact on society. Thus, this study underlines the importance of implementing Islamic business ethics to create sustainable, ethical, and fair businesses, as well as a relevant model for public policy in facing global economic challenges.
Copyright (c) 2025 Ika Hartika, Masruri Masruri, Nurhikmah Nurhikmah, Sitti Aisya (Author) https://creativecommons.org/licenses/by-sa/4.0
The Role Of Islamic Capital Markets In Promoting Sustainable Investment
The Islamic capital market plays a strategic role in promoting sustainable investment by upholding Sharia principles based on ethics, justice, and sustainability. Sustainable investment in this context not only seeks financial returns but also considers the social and environmental impacts of investment decisions. As an alternative financing option aligned with Islamic principles, the Islamic capital market prohibits practices such as usury (riba), excessive uncertainty (gharar), and investments in sectors that contradict Islamic moral values. Financial instruments such as green sukuk offer solutions to support environmentally friendly and socially responsible projects. Additionally, the Islamic capital market encourages investment in companies that comply with Sharia principles and demonstrate a strong commitment to sustainability. This study aims to examine the contribution of the Islamic capital market in fostering more sustainable investments. By analyzing financial instruments and policies implemented in this sector, the study is expected to provide insights into the potential of the Islamic capital market as a tool for achieving investment goals that prioritize sustainability and align with the principles of Islamic economics.
Copyright (c) 2025 Loso Judijanto, Wahyudin Rahman, Jaka darmawan, Sagira Sagira (Author) https://creativecommons.org/licenses/by-sa/4.0
Islamic Business Ethics and Sustainability: Building a Business Based on Trust and Justice
This study discusses the relationship between Islamic business ethics and sustainability in building a business based on trust and justice. Using the Systematic Literature Review (SLR) method, this study explores various academic literature from databases such as Scopus, Google Scholar, and ScienceDirect. The analysis was conducted to understand how the principles of Islamic business ethics contribute to sustainability and how aspects of trust and justice support responsible business practices. The results of the study show that Islamic business ethics, which are based on the Qur'an and Hadith, emphasize the principles of honesty, justice, and responsibility in every transaction. This principle not only ensures the economic sustainability of the business but also supports social and environmental welfare. Islam prohibits the practices of usury, gharar, and maysir which are considered detrimental, and encourages profit-sharing systems such as mudharabah and musyarakah. Although there are challenges in implementing Islamic business ethics, such as fierce competition and the dominance of the conventional economic system, solutions that can be applied include increasing Islamic financial literacy and building a transparent and equitable business ecosystem. By implementing these principles, businesses not only gain halal profits but also provide benefits to society and the environment in a sustainable manner
Copyright (c) 2025 Jamaluddin Jamaluddin, M. Ridwan Mappaterru, Putri Deflyanty S, anwar (Author) https://creativecommons.org/licenses/by-sa/4.0
The Effect Of Preference As A Mediating Variable On Perceived Usefulness And Perceived Ease Of Use Towards The Use Of Mobile Banking In E-Commerce Study On Students In Malang City
The purpose of this study is to examine how students in Malang City use mobile banking for e-commerce in relation to perceived utility and perceived ease of use, using preference as a mediating variable. A survey technique combined with a quantitative approach is the methodology employed. Purposive sampling was used to choose 100 students who actively utilize mobile banking for the study sample. A questionnaire measuring the characteristics of preference, use, perceived utility, and perceived ease of use of mobile banking was used to gather data. Partial Least Squares-Structural Equation Modeling (PLS-SEM) was used to analyze the data and determine how the variables related to one another. The findings demonstrated that preference has a significant impact on the use of mobile banking in e-commerce, perceived usefulness has a significant impact on preference, perceived ease of use has a significant impact on preference, and perceived usefulness has a significant impact on e-commerce mobile banking use. However, perceived ease of use has no significant impact on e-commerce mobile banking use. The use of mobile banking in e-commerce is significantly impacted by perceived usefulness, which is somewhat mediated by preference. The adoption of mobile banking in e-commerce is heavily influenced by perceived ease of use, which is entirely mediated by preference. These results highlight how crucial it is for service providers to comprehend user preferences in order to enhance the advantages and The adoption of mobile banking in e-commerce is heavily influenced by perceived ease of use, which is entirely mediated by preference. These results highlight how crucial it is for service providers to comprehend customer preferences in order to enhance the advantages and usability of mobile banking
Copyright (c) 2025 Nadia Ariba, Yayuk Sri Rahayu (Author) https://creativecommons.org/licenses/by-sa/4.0
The role of Islamic economics in improving social and economic welfare
This study aims to analyze the role of sharia economics in improving social and economic welfare through the Systematic Literature Review (SLR) approach. This method is carried out in a structured manner to collect, evaluate, and analyze literature relevant to the research topic. The first stage is to formulate research questions regarding the contribution of sharia economics in poverty alleviation and financial inclusion. Literature was collected from scientific databases such as Google Scholar, Scopus, and ScienceDirect with keywords related to sharia economics and social welfare. Literature selection is carried out based on inclusion and exclusion criteria to ensure quality and relevance. The data obtained was analyzed using a thematic analysis method, grouping the findings into main themes such as the role of zakat, Islamic banking, and the impact of waqf on the community's economy. Validation is carried out using the Critical Appraisal Skills Programme (CASP) tool to ensure the quality of the articles analyzed. The results of the study show that sharia economics plays a significant role in improving social and economic welfare with the principles of social justice, sustainability, and social responsibility. Instruments such as zakat, waqf, infaq, and alms contribute greatly to community empowerment and the reduction of economic disparities. However, the development of the Islamic economy still faces challenges such as lack of understanding, inadequate regulations, and competition with conventional economic systems. Therefore, education, regulatory improvement, and integration with the global market are needed to maximize the benefits of the sharia economy.
Copyright (c) 2025 Firdiyatul Jannah, Siti Masrohatin, Retna Anggitaningsih (Author) https://creativecommons.org/licenses/by-sa/4.0
Systematic Literature Study on the Role of Islamic Economics in Sustainable Economic Development
This study aims to examine the role of Islamic economics in supporting sustainable economic development through the Systematic Literature Review (SLR) approach. The SLR method is used to systematically identify, evaluate, and synthesize relevant literature on the contribution of Islamic economics to the sustainable development goals (SDGs). The review process begins with formulating the main research question, as well as establishing inclusion and exclusion criteria that include publications between 2020 and 2025, available in full-text form, and focusing on Islamic economics and sustainability issues. The results of the study show that Islamic economics is closely related to the principles of sustainability, such as justice, balance, social responsibility, and the prohibition of detrimental economic practices. Islamic economic instruments such as zakat, infaq, sedekah, waqf, and sharia-based financing play an important role in creating an inclusive, fair, and social welfare-oriented economic system. In addition, Islamic banks and Islamic social finance also encourage sustainable financing of the real sector and MSMEs, including through innovations such as green sukuk and productive waqf. Thus, sharia economics has proven to be a strategic and applicable framework in realizing fair, inclusive and sustainable economic development
Copyright (c) 2025 M Hikam Fauzan Arifin, Moch Chotib, Ahmadiono Ahmadiono (Author) https://creativecommons.org/licenses/by-sa/4.0
Halal Value Chain Analysis in Poultry Slaughterhouse UD. Mandiri Bu Warni in Gambiran - Banyuwangi
This study aims to analyze halal values ​​in the value chain of the UD Poultry Slaughterhouse industry. Independent Mrs. Warni. The methods used in this research include direct observation, interviews, and document analysis related to the production process. The results showed that UD. Mandiri Bu Warni has carried out the process well, starting from the supply of chicken, halal slaughter, to delivery to consumers. However, UD. Mandiri has not fully maintained the purity of chicken meat, because it is only cleaned with water to make it look clean. In addition, UD. Mandiri Bu Warni also has not used packaging that has a halal label, even though it already has a halal certificate which is currently still in the process of being extended. Therefore, this research contributes to the development of the Poultry Slaughterhouse industry by applying the value chain and halal principles
Copyright (c) 2025 Siti Nur Hafifatul Hasanah, Abdul Rokhim, Siti Masrohatin (Author) https://creativecommons.org/licenses/by-sa/4.0
Economic Justice in the Perspective of Sharia: Solutions to Facing Social Inequality
This study aims to analyze the concept of economic justice from a sharia perspective and explore its application as a solution to the increasing social inequality in society. Economic justice in Islam is a fundamental principle that emphasizes the fair distribution of resources, protection of vulnerable groups, and equal access to economic opportunities. To achieve these goals, this study uses the Systematic Literature Review (SLR) method, which is a structured and systematic approach to identifying, evaluating, and synthesizing scientific literature relevant to the research topic. This method is used to gain a comprehensive understanding of sharia principles such as monotheism, justice ('adl), balance (tawazun), and social responsibility that are the basis for creating a just economic system. The results of the study show that Islamic economic justice is realized through wealth distribution instruments such as zakat, infaq, shadaqah, and waqf, as well as the prohibition of exploitative economic practices such as usury, gharar, and maysir. The current social and economic inequality is caused by various structural factors, including uneven distribution of assets, educational inequality, and a discriminatory economic system. Therefore, the implementation of a sharia-based economic system is a relevant and applicable solution in overcoming social inequality. This approach has proven effective through the application of models such as Baitul Maal wat Tamwil (BMT), sharia cooperatives, and productive waqf, which are able to build an inclusive, sustainable, and equitable economic system. Thus, sharia economics is not only normative in value, but is also able to answer contemporary socio-economic challenges practically
Copyright (c) 2025 Mukarromatul Isnaini, Munir Is'adi, Ahmadiono Ahmadiono (Author) https://creativecommons.org/licenses/by-sa/4.0
The Concept of Maqashid Sharia According to Ibn Taymiyyah and Ibn Qayyim Al-Jauziyah and Its Implementation in Economics
Ibn Taymiyyah and Ibn Qayyim al-Jawziyyah were influential Islamic scholars and thinkers who shared a mentor-student relationship. Both scholars contributed significantly to the discourse on maqasid al-shariah (objectives of Islamic law) and Islamic economics. This study aims to explore their perspectives on maqasid al-shariah and its application in economics. A qualitative descriptive method was employed, with data collection through an extensive literature review. The findings reveal that Ibn Taymiyyah categorized maqasid al-shariah into three main components: al-maqsud al-‘azam (the supreme objective), al-maqasid al-asasiyyah (the fundamental objectives), and al-maqasid al-furuiyah (the subsidiary objectives). Conversely, Ibn Qayyim al-Jawziyyah categorized maqasid al-shariah into three classifications: ta’lil al-ahkam (rationale of rulings), daruriyyat al-khams (the five essentials), and taghayyur al-fatwa wa ikhtilafuha (variation in legal opinions) based on changes in time, place, circumstances, intentions, and customs. In the context of economics, Ibn Taymiyyah emphasized the practical application of maqasid al-shariah in market mechanisms, price regulation, and property rights. Meanwhile, Ibn Qayyim al-Jawziyyah focused on the philosophical dimensions of Islamic economics, addressing issues such as wealth distribution, poverty alleviation, and the economic significance of zakat
Copyright (c) 2025 Muhammad Faiq Abdullah Syafie, Muhajirin Muhajirin (Author) https://creativecommons.org/licenses/by-sa/4.0
The Role of Retail Sukuk in Development and Investment Financing: Ibn Khaldun's Perspective in the State Economy
This article examines the role of retail sukuk as a sharia financial instrument in supporting development and investment financing, by integrating the perspective of Ibn Khaldun's economic thought. Retail sukuk functions as an alternative financing that involves direct community participation, while supporting the realization of sustainable development projects, such as infrastructure, education, and health. In Ibn Khaldun's view, a country's economic development requires a balance between the role of the government and community contributions. The principles of justice and transparency inherent in retail sukuk are in line with the concept of wealth distribution and inclusive economic management in Ibn Khaldun's theory. This article also highlights how the implementation of retail sukuk can encourage economic growth, expand the investor base, and create social stability through a more equitable distribution of benefits. By integrating sharia principles and moral values taught by Ibn Khaldun, retail sukuk can be a strategic instrument in building a just and sustainable economy. This research offers a new perspective on the synergy between classical thinking and modern financial innovation to support national economic development.
Copyright (c) 2024 Fadhil Wafa, Rohmah Maulidia (Author) https://creativecommons.org/licenses/by-sa/4.0
IKN: West Kalimantan's Golden Bridge of Sharia Economy Towards The International Market
This study explores the potential of the development of the National Capital City (IKN) in East Kalimantan as a catalyst for the development of the sharia economy in West Kalimantan (Kalbar) in order to expand access to the international market. As a country with the largest Muslim population in the world, Indonesia has a great opportunity to optimize the sharia economy, which continues to grow significantly at the global and national levels. West Kalimantan, with its rich natural resources and strategic geographical position, has strong potential to become a regional center for the sharia economy. However, challenges such as low sharia financial literacy and limited connecting infrastructure still hinder the optimization of this potential. This study uses a descriptive qualitative method with a phenomenological approach to understand the perspectives of key stakeholders, including local governments, sharia entrepreneurs, and sharia finance practitioners in West Kalimantan, regarding the impact of the development of the IKN on the sharia economy. Data were collected through in-depth interviews, participant observation, and analysis of related documents. The results of the study show that the development of the IKN opens wider access for West Kalimantan's sharia products and services to enter the international market, especially through increasing infrastructure connectivity and synergy with neighboring countries that have a strong sharia economic base, such as Malaysia and Brunei Darussalam. This study makes an important contribution in filling the knowledge gap regarding the relationship between infrastructure development and the internationalization of the sharia economy. In addition, the results of this study can be a reference for policy makers in designing effective strategies to make West Kalimantan a leading center for the sharia economy in Southeast Asia, utilizing the momentum of the IKN development to open up new opportunities in the global market
Copyright (c) 2024 Reni Helvira (Author) https://creativecommons.org/licenses/by-sa/4.0
Transformation and Innovation in Islamic Economics: Responding to Challenges in the Digital and Globalization Era
The Islamic economy has undergone significant development in recent decades, especially with the digital transformation and globalization affecting various economic sectors. These changes bring new challenges to the sharia economy, but they also open up opportunities for innovation and increased relevance. This research aims to analyze how digital transformation and innovation can help the Islamic economy overcome challenges in the modern era. With the Systematic Literature Review (SLR) approach, this study identifies various strategies and practices that have been implemented to improve the competitiveness of the sharia economy in the midst of global changes. The results of the study show that the integration of digital technology, such as sharia fintech and blockchain, is one of the important factors in encouraging the efficiency and transparency of sharia economic transactions, especially in the context of the global market. In addition, increasing Islamic financial literacy is also the key to ensuring that the public understands and can access financial products in accordance with sharia principles. International collaboration is also needed to create a more inclusive and sustainable sharia economic ecosystem. Overall, this study emphasizes that adaptation to digital technology and increased global collaboration are important steps in maintaining the relevance of the sharia economy in the era of increasingly digital and globalization
Copyright (c) 2024 Siti Andina Saadatirrohmi, Pramudi Harsono, Asri Ady Bakri (Author) https://creativecommons.org/licenses/by-sa/4.0
Bank Indonesia's Strategy in Accelerating Sharia Economic Growth
Seconomy has become an integral part of the Indonesian economic system, especially after the implementation of policies that support the sustainability of this sector. In an effort to accelerate the growth of the sharia economy, Bank Indonesia (BI) plays an important role with various strategic policies implemented to strengthen this sector. The strategies implemented by BI not only include monetary policy, but also financial inclusion, development of the sharia capital market, and strengthening of sharia financial institutions. This study aims to explore more deeply the efforts of Bank Indonesia in encouraging the development of the sharia economy and its impact on overall economic growth. The research method used in this study is a qualitative descriptive approach with analysis of literature studies and relevant secondary data. Based on the analysis conducted, the strategies implemented by Bank Indonesia have proven effective in increasing the contribution of the sharia economy sector to Indonesia's Gross Domestic Product (GDP). Bank Indonesia, through comprehensive policies, provides significant impetus for the growth of the sharia economy, both in terms of macroeconomic policies and the real sector.
Copyright (c) 2024 Ahmad Said, Eko Susanto (Author) https://creativecommons.org/licenses/by-sa/4.0
The Role of Zakat and Waqf in the Economic Empowerment of the People in the Digital Era
Zakat and waqf have an important role in strengthening the ummah's economy and building community welfare. In the digital era, this role is increasingly strategic with the existence of various innovations and digital platforms that facilitate the collection, management, and distribution of zakat and waqf. This research aims to analyze the role of zakat and waqf in empowering the people's economy in Indonesia, especially through the use of digital technology. This research method uses a qualitative approach with data collection techniques in the form of literature studies and secondary data analysis related to zakat and waqf digital platforms in Indonesia. The results show that digital technology enables more efficient, transparent, and accountable distribution of zakat and waqf, as well as expanding the reach of beneficiaries. In addition, digitalization also helps increase public awareness of the importance of zakat and waqf in strengthening the economic independence of the ummah. The use of applications and websites in the collection of zakat and waqf funds shows an increase in community participation, especially the younger generation, in supporting social activities and economic empowerment. The conclusion of this study emphasizes the importance of collaboration between zakat and waqf management institutions, the government, and the technology sector to encourage the development of digital platforms that can increase the effectiveness and impact of zakat and waqf in empowering the people's economy.
Copyright (c) 2024 Reza Ronaldo, Abiyajid Bustami, Edy Setiawan, Sumadi Buton (Author) https://creativecommons.org/licenses/by-sa/4.0
Human Resource Management in a Syari’ah Economic Perspective
The majority of Indonesia's population is Muslim, making it necessary to have designs that consider religious aspects in increasing efficiency and harmony in organizations. This research aims to review how human resource management is viewed from a sharia economic perspective. The research method used was qualitative research with data collection carried out through literature study (library). The research results show that Human Resources Management (HR) in the context of sharia economics has a significant positive impact on organizations and employees. Based on the principles of the Koran and Hadith, this management increases employee responsibility, integrity and trust. Islamic values such as honesty, justice, transparency, and a passion for self-improvement motivate employees to work with full commitment, increase productivity, and strengthen loyalty to the organization. Overall, the application of sharia principles in HR management not only provides benefits in improving organizational performance and efficiency, but also has a positive impact on the spiritual and moral welfare of employees and creates a harmonious, productive and ethical work environment.
Copyright (c) 2024 Dwi Vita Lestari Soehardi, Satriadi Satriadi, Chintia Hendryeni, Dwi Khoirun Nisah, Chika Juliana Putri (Author) https://creativecommons.org/licenses/by-sa/4.0
Analysis of the Role of Judicial Institutions in Sharia Economic Law Enforcement in Indonesia
This study aims to analyze the concrete role of judicial institutions in the enforcement of sharia economic law in Indonesia. The main focus is to understand how the Religious Courts, District Courts, and Supreme Courts handle sharia economic cases and identify the challenges faced in the process. The research method used is a qualitative approach with a case study design. Data were obtained through in-depth interviews, observations, literature studies, and documentation analysis. The results of the study show that the Religious Court has a central role in the application of sharia principles in banking, insurance, and sharia capital market cases. Collaboration between Religious Courts and District Courts is important in handling complex cases involving aspects of national law and sharia. However, several challenges such as the lack of special training for judges, limited resources, and unclear regulations are still the main obstacles in the enforcement of sharia economic law. This research makes a theoretical contribution by enriching the literature on sharia economic law and practicality by providing recommendations to increase the effectiveness of sharia economic law enforcement. The main recommendations include increasing training and capacity building of judges, harmonization of regulations, and the use of information technology in case management. Thus, this research is expected to support the creation of a fairer and more effective legal system in the enforcement of sharia economic law in Indonesia.
Copyright (c) 2024 Mappasessu Mappasessu (Author) https://creativecommons.org/licenses/by-sa/4.0