Fauzan Fauzan
Universitas Islam Negeri Kiai Haji Achmad Siddiq

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Self-Endowment as a Human Capital Instrument in Encouraging Islamic Economic Development in Islamic Boarding Schools Maulana Zakaria Ahmad; Fauzan Fauzan; M.F Hidayatullah
ISTIFADA : Jurnal Ekonomi dan Lembaga Keuangan Syariah Vol. 2 No. 01 (2026): ISTIFADA : Jurnal Ekonomi Dan Lembaga Keuangan Syariah
Publisher : LPPM STIES BABUSSALAM

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.64454/istifada.v2i01.209

Abstract

The practice of waqf in Islamic boarding schools (pesantren) has not only been manifested in the form of material assets but has also developed into self-waqf through the dedication of students' time, energy, and expertise. Self-waqf is a potential instrument for supporting human capital development from the perspective of Islamic economic development. However, studies examining the contribution of self-waqf to human resource development and pesantren-based Islamic economic development remain limited. This study aims to analyze the role of self-waqf in human capital development and its contribution to Islamic economic development within pesantren communities. The research employs a qualitative approach using a library research method through the analysis of relevant journals, books, and scientific publications. The findings indicate that self-waqf plays a significant role in shaping human capital through the development of skills, leadership, managerial experience, as well as the strengthening of spiritual and social values. Furthermore, self-waqf supports the sustainability of the pesantren economic ecosystem by creating productive, independent, and socially oriented human resources. Therefore, self-waqf can be considered a strategic instrument in promoting sustainable Islamic economic development based on pesantren institutions
Relevance and Limitations of Conventional Development Theory in the Context of Muslim-Majority Countries Citra Hadi Habibie; Fauzan Fauzan; M.F Hidayatullah
ISTIFADA : Jurnal Ekonomi dan Lembaga Keuangan Syariah Vol. 2 No. 01 (2026): ISTIFADA : Jurnal Ekonomi Dan Lembaga Keuangan Syariah
Publisher : LPPM STIES BABUSSALAM

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.64454/istifada.v2i01.210

Abstract

Modernization has become a dominant paradigm in contemporary development discourse, originating from Western intellectual traditions based on rationalism, secularism, industrialization, and economic expansion. Along with modernization, conventional development theories such as dependency theory and neoclassical growth theory emerged as frameworks for explaining economic transformation and development processes. However, their application in Muslim-majority countries raises questions regarding philosophical compatibility and practical limitations. This study aims to examine the relevance and limitations of conventional development theory from the perspective of Muslim-majority societies. This research uses a qualitative approach with library research methods based on books, journal articles, and conceptual literature. Data were analyzed descriptively to explore the philosophical and socio-economic foundations of conventional development theories. The findings show that modernization developed from the Renaissance and Enlightenment periods and was strongly influenced by secular values that prioritize rational and empirical approaches. Dependency theory highlights structural inequality in the global economy, while neoclassical growth emphasizes capital, labor, and technology as drivers of growth .From an Islamic perspective, development should integrate revelation, reason, and empirical knowledge to achieve justice, maslahah, and holistic welfare..
Management of Islamic Boarding School Cooperatives Governance in Achieving Financial Sustainability: A Critical Synthesis of Dual Authority and Institutional Integration Salman Alfarisi; Fauzan Fauzan; M.F Hidayatullah
IFADAH : Jurnal Ekonomi Dan Bisnis Syariah Vol 2 No 01 (2026): IFADAH : Jurnal Ekonomi Dan Manajemen Syariah
Publisher : LPPM STIES BABUSSALAM

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.64454/ifadah.v2i01.218

Abstract

Islamic boarding school cooperatives (Koperasi Pesantren / Kopontren) hold strategic potential to drive the economic independence of the Muslim community in Indonesia. However, empirical evidence shows they frequently face low financial sustainability. This study systematically and critically reviews contemporary literature on the governance management of these cooperatives, focusing on integrating Good Corporate Governance (GCG) and Islamic Governance amidst complex cultural environments. Using a Systematic Literature Review (SLR) with a thematic synthesis approach, this study analyzes 22 journal articles and academic literature from Scopus, SINTA, and Google Scholar databases published between 2015 and 2024. The key findings reveal that financial sustainability failures are primarily triggered by the dualism of authority between the Kyai (charismatic authority) and professional managers (rational-legal authority). This dynamic leads to limited human resource capabilities, weak sharia compliance, and inadequate risk management. Furthermore, current literature remains largely descriptive and fails to provide empirical models measuring the direct impact of hybrid governance on financial ratios. This article contributes by proposing a new conceptual framework that bridges the cultural governance of pesantren with modern GCG standards, while defining specific research gaps for future empirical research on Islamic microfinance institutions
Business Models of Islamic Boarding Schools (Pesantren) and Their Sustainability Strategies Bahrur Rosi; Fauzan Fauzan; M.F Hidayatullah
IFADAH : Jurnal Ekonomi Dan Bisnis Syariah Vol 2 No 01 (2026): IFADAH : Jurnal Ekonomi Dan Manajemen Syariah
Publisher : LPPM STIES BABUSSALAM

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.64454/ifadah.v2i01.219

Abstract

Islamic boarding schools (pesantren), as the oldest Islamic educational institutions in Indonesia, face significant challenges in maintaining institutional sustainability amid modernization and globalization. This study aims to analyze the diverse business models developed by pesantren, identify the sustainability strategies they employ, and examine the Islamic economic principles underpinning their business management practices. The research adopts a qualitative approach using a library research method supported by conceptual analysis of primary and secondary sources. The findings reveal that pesantren business models encompass Islamic boarding school cooperatives (kopontren), agribusiness, retail enterprises, and Baitul Maal wa Tamwil (BMT), all of which are grounded in the principles of amanah (trustworthiness), transparency, and Maqashid al-Shariah. Effective sustainability strategies include business diversification, strengthening Sharia governance, and fostering the development of santripreneurship. A SWOT analysis indicates that pesantren possess strong social capital as a key strength but face challenges related to limited managerial human resources and restricted access to financial capital. This study contributes to the development of value-based business models rooted in Islamic principles that are inclusive, sustainable, and competitive..
Critical Analysis of Economic Development Issues in Muslim Countries Yudistira Tri Wardana; Fauzan Fauzan; M.F Hidayatullah
IFADAH : Jurnal Ekonomi Dan Bisnis Syariah Vol 2 No 01 (2026): IFADAH : Jurnal Ekonomi Dan Manajemen Syariah
Publisher : LPPM STIES BABUSSALAM

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.64454/ifadah.v2i01.220

Abstract

Economic development in Muslim countries faces various challenges stemming from economic, social, political, and institutional factors, which affect the achievement of sustainable societal welfare. This study aims to critically analyze the issues of economic development in Muslim countries from the perspective of Islamic economics. The method used is library research with a descriptive-qualitative approach through the analysis of various scientific literature, books, and relevant research findings. The results of the study show that low governance quality, high levels of corruption, political instability, wealth distribution inequality, and suboptimal human resource development, including women's participation in education and the workforce, are the main factors hindering economic development. On the other hand, the implementation of Islamic economic principles, Concepts like distributive justice, the prohibition of usury, strengthening hisbah institutions, and optimizing the role of the state in creating fair market mechanisms have the potential to support more inclusive and sustainable development. This study concludes that the success of economic development in Muslim countries requires synergy between governance reforms, institutional strengthening, improving human resource quality, and the consistent implementation of Islamic economic values. These findings are expected to serve as a reference for formulating economic development policies focused on justice, welfare, and sustainability