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All Journal Nurani: Jurnal Kajian Syariah dan Masyarakat Economica: Jurnal Ekonomi Islam EKUITAS (Jurnal Ekonomi dan Keuangan) Indonesian Research Journal on Education An Nuqud: Journal of Islamic Economics Neraca: Jurnal Ekonomi, Manajemen dan Akuntansi Jurnal Ekonomi Pembangunan Al-Intaj : Jurnal Ekonomi dan Perbankan Syariah
Azzaki, Muhammad Adnan
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Religion Arts Humanities Chemistry Economics, Econometrics & Finance Education Energy Environmental Science Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Library & Information Science Materials Science & Nanotechnology Mathematics Physics Social Sciences Other

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 1 
Work Termination During The Covid-19 Pandemic in Indonesia Reviewed from Theory Maṣlaḥah Mursalah Fitria, Restu; Azzaki, Muhammad Adnan; Mustaqim, Abdul
Nurani Vol 22 No 1 (2022): Nurani: jurnal kajian syari'ah dan masyarakat
Publisher : Universitas Islam Negeri Raden Fatah Palembang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19109/nurani.v22i1.11008

Abstract

This article aims to examine the impact of the Covid-19 pandemic on the sustainability of the economic sector in the form of the phenomenon of termination of employment (PHK) which is increasing in Indonesia. Departing from this phenomenon, this study proposes a problem formulation regarding what is the perspective of ma theory maṣlaḥah, it's mursalah in viewing the termination of employment during the Covid-19 pandemic in Indonesia. This research is library researchby using the approach normative juridical, In answering research questions, this study uses mathematical theory maṣlaḥah mursalah. The results of this study indicate that,itthe occurrence of layoffs (PHK) during the spread of the Covid-19 pandemic Judging from the theoretical objectives maṣlaḥah mursalah, The decision taken by the company in terminating the employment relationship has the aim of company efficiency in order to survive is a situation that occurs beyond the ability of both parties (force majeure). So, if analyzed using the theory of maṣlaḥah, this condition is at the level of division of maṣlaḥah Hᾱjiyyat . Because in this case the steps taken by the company in doing layoffs as an effort to avoid themselves from greater harm if the company is not able to survive but this situation does not have a significant impact on the survival of business actors as classified in the level of Hᾱjiyyat.
DETERMINANTS OF FOREIGN DIRECT INVESTMENT IN ORGANIZATION OF THE ISLAMIC COOPERATION COUNTRIES: DOES FINANCIAL DEVELOPMENT MATTER? Zulkifli, Zulkifli; Kusuma, Alan Budi; Fahrika, Andi Ika; Azzaki, Muhammad Adnan
EKUITAS (Jurnal Ekonomi dan Keuangan) Vol 8 No 2 (2024)
Publisher : Sekolah Tinggi Ilmu Ekonomi Indonesia (STIESIA) Surabaya(STIESIA) Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24034/j25485024.y2024.v8.i2.6203

Abstract

A study on the factors influencing foreign direct investment (FDI) was started by the Islamic Cooperation countries, the majority of which are developing nations, due to the significance of capital flows for these nations. The present study employs an institutional quality framework, green economic policies, and the function of financial development to evaluate the components that effect foreign direct investment (FDI). The results of this research demonstrate that institutional changes and green economic policies stimulate foreign investment. Several institutional metrics, including government performance, the rule of law, political stability, and regulatory quality, have highly positive outcomes, while electoral accountability and preventing corruption have negative and minor consequences. Furthermore, elements of the green economy including human capital, natural resources, and environmental laws have a big impact on foreign investment. These results also suggest that the growth of the financial sector can boost the impact of institutional quality and the green economy on the attraction of foreign investment. The conclusions of this study demonstrate that investors examine institutional integrity, the green economy, and financial development when making investment decisions.
THE CONCEPT OF JUSTICE IN ISLAMIC ECONOMICS: REALIZING SOCIAL AND ECONOMIC BALANCE Ritonga, Miftahul Janna; Azzaki, Muhammad Adnan
Neraca: Jurnal Ekonomi, Manajemen dan Akuntansi Vol. 3 No. 3 (2024): Neraca: Jurnal Ekonomi, Manajemen dan Akuntansi
Publisher : Neraca: Jurnal Ekonomi, Manajemen dan Akuntansi

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Abstract

This article explores the concept of justice in Islamic economics, which is based on Islamic principles to achieve social and economic balance. Justice in Islamic economics encompasses wealth distribution, fair transactional relationships, and the protection of individual rights in economic activities. The discussion begins by identifying key principles of justice, including equitable resource distribution, fairness in profit sharing, and the prevention of exploitation in economic transactions. The application of this concept is seen in Islamic financial institutions that avoid riba (interest) and use profit-sharing systems, as well as in Islamic investments based on principles of halal and social benefits. Additionally, economic empowerment through zakat, alms, and charity plays a crucial role in achieving social justice. While this concept offers an alternative economic system that is fairer, this article also addresses challenges in its implementation, such as the lack of adequate legal infrastructure and the dominance of the global capitalist economy. Overall, Islamic economics has the potential to create a more just and inclusive economic system.
How to Increase Foreign Direct Investment Inflows in OIC Countries: A Green Economy Model Azzaki, Muhammad Adnan
Economica: Jurnal Ekonomi Islam Vol. 14 No. 1 (2023)
Publisher : Fakultas Ekonomi dan Bisnis Islam UIN Walisongo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/economica.2023.14.1.18160

Abstract

OIC countries face the challenge of attracting Foreign Direct Investment (FDI) while ensuring sustainable economic growth. In practice, traditional investment strategies ignore the role of environmental policies and governance in investor decision-making. This study aims to determine how green economic policies and institutional quality can influence FDI inflows in OIC countries to promote economic resilience and sustainability. This research uses explorative qualitative methods with several case studies to assess the relationship between governance, economic policy, and environmental sustainability. The results of this study suggest that strong institutions, transparency, and well-structured green policies can increase investor confidence. In addition, countries with stable political conditions, anti-corruption measures, and regulatory availability can attract more FDI, especially in the green sector. However, inefficient governance, environmental degradation, and inconsistent policies hinder investment in many OIC countries. This study implies that the OIC Government should strengthen the institutional framework, promote sustainable economic policies, and create a stable business environment. In addition, investing in green infrastructure and encouraging private sector involvement in environmentally friendly industries will increase FDI and drive long-term economic growth.
KONSEP DISTRIBUSI KEKAYAAN PERSPEKTIF EKONOMI SYARIAH DALAM UPAYA PEMERATAAN KESEJAHTERAAN Ningsih, Dian Wirna; Azzaki, Muhammad Adnan
An Nuqud Journal of Islamic Economics Vol 4 No 1 (2025): AN NUQUD
Publisher : LEMBAGA PENELITIAN DAN PENGABDIAN PADA MASYARAKAT

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51192/annuqud.v4i1.1903

Abstract

Wealth distribution inequality is a major challenge in modern economies, leading to growing social disparity and injustice. This article explores the concept of wealth distribution from the perspective of Islamic economics as a solution to achieving equitable welfare. Using a literature review approach, it examines the fundamental principles of wealth distribution in Islam, such as justice (`adl), balance (tawazun), and public interest (maslahah). It also discusses the role of Islamic instruments like zakat, infak, sadaqah, and waqf in the process of wealth redistribution. The study finds that Islamic economics offers a wealth distribution system that is not only economically fair but also rooted in spiritual and social values. The importance of synergy between society, zakat institutions, and the government is emphasized in creating a just and sustainable distribution system
Do Environmental Regulations Attract Foreign Direct Investment Inflows in OIC Countries? Santika, Ana; Azzaki, Muhammad Adnan; Arifin, Ah. Ali
Jurnal Ekonomi Pembangunan Vol. 23 No. 1 (2025): Jurnal Ekonomi Pembangunan
Publisher : Department of Development Economics, Universitas Sriwijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29259/jep.v23i1.23158

Abstract

This study investigates the controversial impact of environmental regulations and foreign direct investment (FDI) inflows, specifically in 32 Organization of Islamic Cooperation (OIC) countries from 2005 to 2020. Challenging the widely debated "pollution haven" hypothesis—which posits that lax environmental standards attract FDI—we investigate whether stringent environmental policies deter investment inflows in this underexplored region. Our comprehensive panel data analysis reveals a surprising outcome, strict environmental regulations in OIC nations do not deter FDI. in fact, they may even encourage it. These findings defy conventional wisdom and offer crucial insights for policymakers, suggesting that robust environmental frameworks can enhance a country's attractiveness to foreign investors. This research encourages a fundamental reassessment of how we understand the interplay between environmental stewardship and global investment.
Analisis Transaksi Akad Ijarah pada Lahan Pertanian dengan Sistem Pembayaran Setelah Panen: Studi Kasus Desa Seberang Pebenaan Kasmawati, Kasmawati; Azzaki, Muhammad Adnan
Indonesian Research Journal on Education Vol. 5 No. 4 (2025): Irje 2025
Publisher : Fakultas Keguruan dan Ilmu Pendidikan, Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/irje.v5i4.2886

Abstract

Penelitian ini bertujuan untuk menganalisis praktik akad ijarah (sewa menyewa) pada lahan pertanian dengan sistem pembayaran setelah panen di Desa Seberang Pebenaan. Penelitian ini menggunakan metode kualitatif dengan pendekatan deskriptif-analitis melalui wawancara dan observasi langsung kepada para petani dan pemilik lahan. Hasil penelitian menunjukkan bahwa sistem akad ijarah di desa tersebut masih dilakukan berdasarkan kebiasaan dan sistem kepercayaan tanpa dokumentasi tertulis, serta pembayaran dilakukan dalam bentuk hasil panen (padi). Praktik ini menimbulkan problematika dari perspektif hukum ekonomi syariah, mengingat Rasulullah SAW melarang pembayaran sewa dengan hasil panen yang bersifat tidak pasti. Terdapat perbedaan pandangan ulama mengenai keabsahan akad ijarah dalam konteks pertanian, di mana sebagian ulama memperbolehkan dengan syarat tertentu, sementara sebagian lainnya menganjurkan penggunaan sistem bagi hasil (muzara’ah). Penelitian ini merekomenndasikan tentang pentingnya edukasi kepada masyarakat mengenai prinsip-prinsip akad syariah agar dapat menghindari praktik yang menyimpang dari ketentuan Islam.
Factors Influencing Foreign Direct Investment in Muslim Countries: The Role of Financial Developments Hatim, Fajri; Muhamad, Nurdin I; Azzaki, Muhammad Adnan; Nasar, Fahima
Al-Intaj : Jurnal Ekonomi dan Perbankan Syariah Vol 10, No 2 (2024)
Publisher : Faculty of Economics and Islamic Business, UIN Fatmawati Sukarno Bengkulu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29300/aij.v10i2.4076

Abstract

ABSTRACT   Purpose: This research reviewed the determinant factor of FDI in OIC countries using a framework of institutional quality, green economic policies, and the role of financial development.Design/methodology: The method used in this research is panel data analysis with the Generalized Method of Moments (GMM) approach. This research examines 32 OIC countries with 352 observations in the period 2010 to 2022.Findings: The results of the research are generally show that institutional quality, green economic policies and the role of financial development attract foreign direct investment. However, there are still factors that cause low FDI flows, the causal factor is voice and accountability and control of corruption.Practical implications: The empirical implication of this research is to determine the conditions and factors that cause FDI inflows through institutional quality, green economy and financial development in OIC countries.Originality/Value: OIC countries should improved their institutional quality with policies oriented towards global investor preferences. The contribution of this research focuses on efforts to attract capital flows for the development of OIC countries
Co-Authors Abdul Mustaqim Arifin, Ah. Ali Fahrika, Andi Ika Fitria, Restu Hatim, Fajri Heni Pujiastuti Kusuma, Alan Budi Muhamad, Nurdin I Nasar, Fahima Ningsih, Dian Wirna Ritonga, Miftahul Janna Santika, Ana Sugeng, Santoso