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All Journal Ikonomika : Jurnal Ekonomi dan Bisnis Islam Economica: Jurnal Ekonomi Islam Oeconomicus Journal of Economics Sahwahita: Community Engagement Journal
Hamid, Ahmad Munir
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Religion Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Environmental Science Social Sciences Other

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From Marginalization to Recognition: The Impact of Islamic Political Economy on Indonesia's Islamic Economy During the New Order Hamid, Ahmad Munir; Fitrianto, Achmad Room; Ahmed, Ishfaq
Economica: Jurnal Ekonomi Islam Vol. 15 No. 1 (2024)
Publisher : Fakultas Ekonomi dan Bisnis Islam UIN Walisongo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/economica.2024.15.1.20305

Abstract

The New Order era (1966–1998) marks a pivotal period in Indonesia's political and economic history. This study examines the influence of Islamic political economy on the evolution of Islamic economy during this time, using a literature review to explore how political dynamics and economic policies shaped its development. The findings reveal that Islamic political economy faced significant challenges due to the New Order government's focus on capitalist and industrial-oriented policies, which often marginalized sharia-based economic systems. For instance, the Islamic banking sector struggled to expand as regulations were more favorable to conventional banks. Despite these obstacles, intellectual groups and scholars sought to integrate Islamic principles into national policies, with the establishment of Islamic financial institutions like Bank Muamalat Indonesia in 1991 serving as a milestone. By the end of the New Order era, there was a noticeable increase in public interest and awareness of Islamic economy, driven by political shifts and a growing desire for a fairer, Islamic-aligned economic system. Consequently, Islamic economics began to gain wider recognition, eventually becoming an integral part of the national economic framework.
Professional Zakat and Social Transformation: an Analysis of The Economic Empowerment Policy of The Baitul Maal Foundation of Bank Rakyat Indonesia (YBM BRI) Hamid, Ahmad Munir; Arifin, Sirajul; Ahmed, Ishfaq
IKONOMIKA Vol 9, No 1 (2024)
Publisher : Universitas Islam Negeri Raden Intan Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24042/ijebi.v9i1.22783

Abstract

This study analyzes the role of Professional Zakat in social transformation through the economic empowerment policy of the Baitul Maal Foundation of Bank Rakyat Indonesia (YBM BRI). The research method uses a qualitative approach with data collection techniques through interviews and documentation studies. The results showed that YBM BRI has a strategic role in community economic empowerment through professional zakat. Through economic programs supported by zakat funds, YBM BRI has succeeded in providing training, business capital assistance, and coaching to the community to improve their economic independence. Policy analysis shows the importance of synergy between YBM BRI, the government, and the private sector in creating significant social impact. The implication of this research is the importance of continuing to increase the role of professional zakat in social transformation and inclusive economic development.
Assistance in Fattening Goat Farming Business: Diversification Strategy and Productivity Improvement "Gus Shor Farm" Kanugrahan Maduran Lamongan Village Hamid, Ahmad Munir
Sahwahita: Community Engagement Journal Vol. 1 No. 2 (2024): Community Engagement Journal
Publisher : Yayasan Pendidikan Islam Bustanul Ulum Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69965/sahwahita.v1i2.57

Abstract

The development of Goat Farm Fattening Business "Gus Shor Farm" in Kanugrahan Village, Maduran, Lamongan is a strategic effort in increasing the productivity and sustainability of goat farming business. In this context, diversification strategies and productivity improvement are the main focus. The study aims to analyze local market potential, identify business diversification strategies, and design measures to increase goat farm productivity. Research methods used include field surveys, stakeholder interviews, and data analysis. The results showed that the demand for goat meat in the local market continues to increase, providing a great opportunity for "Gus Shor Farm" to develop a goat fattening business. Business diversification strategies include the development of processed goat products such as sausages, jerky, and goat cheese, which can increase the added value and attractiveness of products. In addition, productivity improvement is carried out through the application of technology and efficient management practices, including the use of high-quality feed, good livestock health management, and selection of superior goat breeds. By implementing this strategy, "Gus Shor Farm" can increase income, reduce financial risk, and contribute to economic and social development in Kanugrahan Village, Maduran, Lamongan.
From Marginalization to Recognition: The Impact of Islamic Political Economy on Indonesia's Islamic Economy During the New Order Hamid, Ahmad Munir; Fitrianto, Achmad Room; Ahmed, Ishfaq
Economica: Jurnal Ekonomi Islam Vol. 15 No. 1 (2024)
Publisher : Fakultas Ekonomi dan Bisnis Islam UIN Walisongo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/economica.2024.15.1.20305

Abstract

The New Order era (1966–1998) marks a pivotal period in Indonesia's political and economic history. This study examines the influence of Islamic political economy on the evolution of Islamic economy during this time, using a literature review to explore how political dynamics and economic policies shaped its development. The findings reveal that Islamic political economy faced significant challenges due to the New Order government's focus on capitalist and industrial-oriented policies, which often marginalized sharia-based economic systems. For instance, the Islamic banking sector struggled to expand as regulations were more favorable to conventional banks. Despite these obstacles, intellectual groups and scholars sought to integrate Islamic principles into national policies, with the establishment of Islamic financial institutions like Bank Muamalat Indonesia in 1991 serving as a milestone. By the end of the New Order era, there was a noticeable increase in public interest and awareness of Islamic economy, driven by political shifts and a growing desire for a fairer, Islamic-aligned economic system. Consequently, Islamic economics began to gain wider recognition, eventually becoming an integral part of the national economic framework.
Transitioning to Renewwable Energy: Challenges, Policies, and Economic Implications in Indonesia (1990-2023) Hidayat , Muhammad Syahrul; Hamid, Ahmad Munir; Mazidah , Nurul
OECONOMICUS Journal of Economics Vol. 9 No. 2 (2025): (June) edisi 18
Publisher : Program Studi Ilmu Ekonomi UIN Sunan Ampel Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15642/oje.2025.9.2.93-114

Abstract

The Indonesian Government, through the National Energy Council, has set a roadmap for achieving zero emissions energy by 2060, with targets for increasing renewable energy use each year. Despite aiming for a 23% target by 2025, the current annual increase in new renewable energy in Indonesia is only 0.55%, far below the required 0.9%. This calls for more progressive policy planning to achieve the new energy target. Challenges include the dispersed nature of Indonesia's renewable energy potential, limited grid capacity, and domestic industry capability. This study examines the impact of renewable and non-renewable energy on Indonesia's economic growth from 1990 to 2023. Employing a quantitative approach with the Error Correction Model (ECM) statistical test, the research explores short-term and long-term relationships among variables. Findings reveal that non-renewable energy consumption (CONRE) positively and significantly impacts economic growth by 6.15%, while renewable energy for electricity (REFE) also has a positive and significant effect of 7.19%. However, renewable energy from water resources (REWR) shows no significant positive impact in the long term, at only 0.19%. In the short term, CONRE positively and significantly affects economic growth by 6.43%, whereas REFE and REWR exhibit insignificant impacts of 0.075% and 0.071% respectively. The study suggests the government should optimize renewable energy potential to achieve more environmentally friendly energy policies, considering factors beyond those studied, such as societal innovation and creativity in identifying energy source potential and gaps.
Co-Authors Achmad Room Fitrianto Ahmed, Ishfaq Hidayat , Muhammad Syahrul Mazidah, Nurul Sirajul Arifin