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Forestry Green Sukuk Model: Harmonizing Hifz al-Bi'ah for Sustainable Restoration in Indonesia Rizky Wibowo; Furqon Khoiruddin; Nahar Surur; Akhmad Roja Badrus Zaman; Muhammad Mu’tamid Ihsanillah
Journal of Islamic Economic Laws Vol. 9 No. 01 (2026): January
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v9i01.15356

Abstract

The increasing intensity of hydrometeorological disasters in Indonesia, such as flash floods and landslides, is directly proportional to the rate of national forest degradation. Mitigation efforts through forest restoration face a structural barrier: a funding gap that cannot be fully covered by the state budget. Although Indonesia has issued Green Sukuk, its allocation remains concentrated in the energy and transportation infrastructure sectors, while the high-risk forestry sector remains neglected. This study aims to construct a Forestry Green Sukuk model that harmonizes the principle of environmental preservation (Hifz al-Bi'ah) with modern Islamic financial engineering. The research method employed is normative legal research using a conceptual and statutory approach to analyze the DSN-MUI Fatwa, OJK regulations, and the Presidential Regulation on Carbon Economic Value. The research findings indicate that the use of the Ijarah Maushufah fi Zimmah (IMfZ) contract for the leasing of future asset benefits is the most appropriate structure to mitigate biological risks and uncertainty (gharar) in forestry projects. Unlike profit-sharing schemes, the IMfZ model provides cash flow certainty by monetizing ecosystem services, specifically carbon sequestration and flood mitigation, as valid underlying assets. This study offers a theoretical contribution to the paradigm shift in Hifz al-Bi'ah and provides practical solutions for regulators to develop bankable alternative financing schemes that support climate resilience and disaster risk reduction targets in Indonesia.
Double Vulnerabilities of Unregistered Wife After The New Kuhp: An Analysis of The Cohabitation Article As a Threat of Structural Victimization Rizky Wibowo; Nahar Surur
Socio Legal and Islamic Law Vol 4 No 1 (2025): The Journal of Socio-Legal and Islamic law
Publisher : Faculty of Law, Muhammadiyah University of Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30651/jssl.v4i1.30409

Abstract

Article 412 of Law No. 1 of 2023 concerning the Criminal Code (the Cohabitation Article) is often promoted as a guardian of public morality. However, for those practicing nikah siri (unregistered marriage), this article creates a new dimension of threat that did not previously exist. This study aims to dissect how the cohabitation article in the New Criminal Code potentially serves as an instrument of structural victimization for unregistered wives. This study employs a socio-legal research method with a criminological-victimology and critical legal theory approach. The study finds that unregistered wives face "double vulnerability." First, civil vulnerability due to the lack of legal protection regarding alimony, inheritance, and child status due to the absence of official records. Second, criminal vulnerability where they are now at risk of being reported for cohabitation offenses by third parties (family/relatives) or being criminalized by their own unregistered husbands as a tool of intimidation in domestic disputes. This article challenges the government's narrative that complaint-based offenses (delik aduan) are "safe." The research proves that instead of protecting the institution of the family, this article facilitates structural victimization against women by strengthening the husband's bargaining power in unequal unregistered relationships, thereby positioning the state not as a protector, but as an actor that exacerbates domestic oppression