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All Journal International Journal of Nusantara Islam International Journal of Nusantara Islam Al-Mustashfa: Jurnal Penelitian Hukum Ekonomi Syariah
Mohamad Ghozali
Universitas Islam Negeri Siber Syekh Nurjati Cirebon
Religion Arts Humanities Social Sciences

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Comparative Analysis of Economic Fiqh in Islamic Financial Transactions: ‎A Review of Literature from Various Madhhabs Mohamad Ghozali; Dedah Jubaedah; Deni Kamaludin Yusup
Al-Mustashfa: Jurnal Penelitian Hukum Ekonomi Syariah Vol. 9 No. 2 (2024)
Publisher : UIN Siber Syekh Nurjati Cirebon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24235/jm.v9i2.16350

Abstract

This study analyzes the comparative interpretations of Islamic economic jurisprudence (fiqh) in financial transactions across the Hanafi, Maliki, Shafi'i, and Hanbali schools of thought. Employing a descriptive qualitative approach, data were collected from academic literature, official documents, historical sources, and expert interviews. The research focuses on key Sharia financial transactions, including murabahah, mudarabah, musyarakah, ijarah, and sukuk, to explore the diversity of fiqh interpretations. The findings reveal significant differences, with the Hanafi and Maliki madhhabs showing greater flexibility and adaptability to socio-economic contexts, while the Shafi'i and Hanbali madhhabs maintain a stricter adherence to religious texts. These differences impact the design and implementation of Sharia-compliant financial products, influencing how they align with diverse fiqh perspectives. This study concludes that such variations highlight the dynamic and adaptable nature of Islamic economic jurisprudence in addressing diverse socio-economic needs. It underscores the importance of harmonizing interpretations to support the globalization of Islamic finance, ensuring inclusivity and sustainability without compromising Sharia principles. This research provides valuable insights into the role of madhhab diversity in shaping the growth and development of Sharia-compliant financial systems.Keywords: Economic Fiqh, Islamic Financial Transactions, Madhhab Comparison, Sharia Finance.
Halal Certification and Digitalized Halal Supply Chains: A Maqāṣid al Sharīʿah Perspective on Public Policy, Economic Growth, and Welfare Mohamad Ghozali; Ahmad Hasan Ridwan; Muhammad Hasanuddin
International Journal of Nusantara Islam Vol 14 No 2 (2026): International Journal of Nusantara Islam
Publisher : UIN Sunan Gunung Djati Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15575/ijni.v14i2.55416

Abstract

The rapid expansion of the global halal market necessitates robust public policies to ensure ‎product integrity and consumer trust. This study examines halal certification and the ‎digitalization of the halal supply chain from a public policy perspective, employing a ‎conceptual framework grounded in Maqāṣid al Sharīʿah. Using a qualitative descriptive ‎approach with thematic content analysis, the research explores the integration of digital ‎technologies—such as blockchain and artificial intelligence (AI)—within the Sharia Value ‎Chain. The findings indicate that digitalization initiatives, particularly through systems such as ‎SIHALAL, significantly enhance transparency, operational efficiency, and the inclusivity of ‎micro, small, and medium enterprises (MSMEs) by addressing technological disparities through ‎regulatory intervention. Furthermore, embedding Maqāṣid al Sharīʿah principles—specifically ‎ḥifẓ al dīn, ḥifẓ al nafs, and ḥifẓ al māl—into digital supply chain governance functions as a ‎strategic catalyst for sustainable economic growth and social welfare. The study concludes that ‎adaptive public policies emphasizing digital transformation and sharīʿah-by-design principles ‎are essential to mitigating information asymmetry and strengthening national economic ‎resilience.
Halal Certification and Digitalized Halal Supply Chains: A Maqāṣid al Sharīʿah Perspective on Public Policy, Economic Growth, and Welfare Mohamad Ghozali; Ahmad Hasan Ridwan; Muhammad Hasanuddin
International Journal of Nusantara Islam Vol 14 No 2 (2026): International Journal of Nusantara Islam
Publisher : UIN Sunan Gunung Djati Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15575/ijni.v14i2.55416

Abstract

The rapid expansion of the global halal market necessitates robust public policies to ensure ‎product integrity and consumer trust. This study examines halal certification and the ‎digitalization of the halal supply chain from a public policy perspective, employing a ‎conceptual framework grounded in Maqāṣid al Sharīʿah. Using a qualitative descriptive ‎approach with thematic content analysis, the research explores the integration of digital ‎technologies—such as blockchain and artificial intelligence (AI)—within the Sharia Value ‎Chain. The findings indicate that digitalization initiatives, particularly through systems such as ‎SIHALAL, significantly enhance transparency, operational efficiency, and the inclusivity of ‎micro, small, and medium enterprises (MSMEs) by addressing technological disparities through ‎regulatory intervention. Furthermore, embedding Maqāṣid al Sharīʿah principles—specifically ‎ḥifẓ al dīn, ḥifẓ al nafs, and ḥifẓ al māl—into digital supply chain governance functions as a ‎strategic catalyst for sustainable economic growth and social welfare. The study concludes that ‎adaptive public policies emphasizing digital transformation and sharīʿah-by-design principles ‎are essential to mitigating information asymmetry and strengthening national economic ‎resilience.
Co-Authors Jubaedah, Dedah Kamaludin Yusup, Deni Muhammad Hasanuddin