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Sustainability of the Syari’ah Economic System in Overcoming the Global Financial Crisis Sultan Al-Qahtani; A Zulfikar Darussalam
Journal of Multidisciplinary Sustainability Asean Vol. 2 No. 1 (2025)
Publisher : Yayasan Adra Karima Hubbi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70177/ijmsa.v2i1.1943

Abstract

Background. The global financial crisis has exposed the vulnerabilities and weaknesses of conventional financial systems, highlighting the need for alternative economic frameworks. The Islamic economic system, with its principles of risk-sharing, asset-backing, and ethical investment, offers a unique approach that contrasts with interest-based conventional systems. Islamic financial institutions operate under Shari’ah principles, which prohibit speculative transactions and excessive risk-taking, factors that have contributed to the instability of conventional systems during economic crises. Purpose. This research aims to explore the performance of Islamic financial institutions during the global financial crisis and to identify key factors that contribute to the sustainability of the Islamic economic system. The study seeks to understand how Shari’ah-based finance can provide stability and resilience in times of global economic uncertainty. Method. The research employs a case study approach, collecting data from Islamic financial institutions across several countries. Data collection techniques include in-depth interviews with industry experts, document analysis of financial reports and policies, and participatory observation within the institutions themselves. This triangulation of data ensures a comprehensive understanding of the factors contributing to sustainability. Results. The findings reveal that Islamic financial institutions experienced low Non-Performing Loan (NPL) rates and consistent positive revenue growth during the crisis. These results highlight the institutions' effective risk management practices and the inherent financial stability provided by Shari’ah compliance. Conclusion. The study concludes that the Islamic economic system has strong potential to offer a sustainable and stable alternative in responding to global financial crises. With supportive regulations and public policies, the success and stability of Islamic finance can be further enhanced, contributing to broader economic resilience.
DIGITALIZATION OF TRADITIONAL PESANTREN: A LOW-COST EDTECH DEVELOPMENT STRATEGY TO ENHANCE SANTRI’S AUTONOMY AND DIGITAL SKILLS Mufadhol Mufadhol; Mohammed Al-Harbi; Sultan Al-Qahtani
Journal International Inspire Education Technology Vol. 4 No. 3 (2025)
Publisher : Sekolah Tinggi Agama Islam Al-Hikmah Pariangan Batusangkar, West Sumatra, Indonesia.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55849/jiiet.v4i3.1150

Abstract

Traditional pesantren remain one of the most influential and enduring educational institutions in Indonesia, yet many continue to operate with limited technological infrastructure. The rapid digital transformation in the national education system has intensified the need for pesantren to adopt low-cost, context-appropriate EdTech solutions to strengthen santri autonomy, digital literacy, and readiness for 21st-century learning demands. The research is grounded in the recognition that pesantren face structural barriers—including financial constraints, low teacher digital capacity, and limited access to digital devices—that hinder their participation in broader educational innovations. These gaps highlight the urgency of developing affordable, scalable, and culturally compatible digitalization strategies. The study aims to design and evaluate a low-cost EdTech development model tailored to pesantren environments, focusing on enhancing self-regulated learning, digital skills, and instructional efficiency. A mixed-methods approach is employed, combining needs assessment surveys, classroom observations, interviews with kyai and ustadz, and prototype testing of low-cost digital learning tools such as offline learning apps, modular LMS platforms, and open-source interactive media. The results indicate that low-cost EdTech integration significantly improves santri autonomy, with notable increases in self-directed learning scores and digital skill acquisition. Teachers report reduced workload and improved lesson organization, while santri demonstrate greater engagement through blended and peer-supported digital activities. Prototype testing shows that even minimal technological interventions—such as offline content repositories and basic digital task modules—yield substantial pedagogical benefits. The study concludes that digitalizing traditional pesantren does not require high-cost technological investments; rather, effective change emerges from strategic, culturally aligned, and scalable EdTech designs. Strengthening teacher training, developing open-source digital resources, and building sustainable school-level technology governance are essential for long-term implementation.