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All Journal EKONOMIKA SYARIAH : Journal of Economic Studies Journal of Islamic Economics Business (JIsEb)
Abdullah abdullah
uin sunan kalijaga yogyakarta
Economics, Econometrics & Finance

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Financial Technology Innovation in Modernizing Zakat Payments in the Digital Era Abdullah abdullah
Journal of Islamic Economy and Business (JIsEB) Vol. 3 No. 2 (2024): Journal of Islamic Economics and Business (JISEB)
Publisher : Fakultas Ekonomi dan Bisnis Islam

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24260/ryc43v12

Abstract

In the modern era of digital technology, the modernization of zakat (Islamic alms) payments has become imperative. Financial technology (fintech) systems offer a viable alternative to enhance the implementation of zakat among Indonesian Muslims. This article explores the Islamic perspective on utilizing fintech for zakat payments. It asserts that the use of fintech for zakat payments represents a progressive ijtihad (independent reasoning) product, employing a qualitative method with data collected through library research. The study finds that, in addition to offering a more efficient solution for zakat payments, the integration of fintech also constitutes an advancement in the fiqh (Islamic jurisprudence) related to zakat. However, the implementation of fintech in zakat management faces several challenges and may sometimes lead to criminal issues. Therefore, it is crucial to ensure that the fintech solutions employed adhere to sharia principles, as derived from the teachings of the Quran and Hadith. The article concludes that the utilization of fintech in zakat administration has the potential to improve its effectiveness, transparency, and accessibility for all stakeholders, aligning with the noble purpose of zakat in promoting social and economic welfare.
Realizing Sustainable Development In Indonesia Through Economic Growth Priorities: Empirical Evidence Vector Error Correction Model (VECM) Basri Basri; Laras Aisah; Abdullah Abdullah
EKONOMIKA SYARIAH : Journal of Economic Studies Vol. 8 No. 1 (2024): June 2024
Publisher : Universitas Islam Negeri Sjech M. Djamil Djambek Bukittinggi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30983/es.v8i1.8590

Abstract

Indonesia's journey towards sustainable economic development is closely intertwined with global issues in female labor force participation, environmental policy, and geopolitical dynamics. This study analyzes the causal relationship between economic growth, geopolitical risk, the female labor force, and environmental policy rigor in Indonesia. The data type used is a time series starting in 1992–2022, and it uses the Vector Error Correction Model (VECM) econometric model to identify the causal relationship and reveal the long-run and short-run effects between variables. The results of the analysis show that there is a one-way relationship between geopolitical risk and the female labor force. While the long-run test results show that the female labor force, geopolitical risk, and environmental policy have a significant impact on economic growth, The findings also reveal that there is a short-term effect between environmental policy stringency and economic development. This study emphasizes the importance of holistic and integrative policy formulation by considering the interaction of economic growth, women's participation in the workforce, environmental policy, and geopolitical risk to achieve sustainable development. By examining the causality and interdependence of the complex dynamics occurring in the socio-economic landscape, policymakers are expected to promote inclusive growth, consider environmental aspects, and be sensitive to geopolitical challenges in Indonesia's development trajectory.
Co-Authors Basri Basri Laras Aisah