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All Journal ASAS : Jurnal Hukum Ekonomi Syariah Jurnal Hukum Ekonomi Syariah Journal of Law, Poliitic and Humanities HUKUM EKONOMI ISLAM
Asro, M.
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Religion Humanities Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice Social Sciences

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The Concept of Digital Rupiah (Central Bank Digital Currency) as a Medium of Exchange in the Context of Sharia Economic Law Zayida, Muhammad Fakhriel; Naafisah, Didah Durrotun; Asro, M.; Athoillah, M. Anton
Jurnal Hukum Ekonomi Syariah Vol 9, No 1: Juni 2025 (In Process)
Publisher : Universitas Muhammadiyah Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26618/j-hes.v9i1.17695

Abstract

The development of digital technology has prompted central banks to develop Central Bank Digital Currency (CBDC), including in Indonesia with the introduction of Digital Rupiah. Although it has been legally recognized through Law Number 4 of 2023 concerning the Development and Strengthening of the Financial Sector (P2SK Law), its compatibility with Sharia Economic Law is still being debated. Therefore, this study aims to analyze the Digital Rupiah as a medium of exchange from the perspective of Islamic Economic Law, particularly in relation to public interest and the objectives of Sharia law. This study employs a descriptive-analytical qualitative method with a normative approach, examining relevant regulations and comparing the concept of the Digital Rupiah with principles in Islamic Economic Law based on literature reviews from academic sources, scientific journals, and official documents from the Bank of Indonesia. The results of the study indicate that the Digital Rupiah is consistent with the objectives of Sharia law, particularly in terms of hifzh al-mal (preserving wealth) through value stability and hifzh al-aql (preserving intellect) through transaction transparency and technology-based financial inclusion. Additionally, the Digital Rupiah enhances hifzh an-nafs (preserving life) through a safer financial system. The Digital Rupiah can be accepted under Islamic Economic Law, provided its implementation remains within the framework of justice, public interest, and is free from riba gharar and maisir. However, there are still several challenges faced by the Digital Rupiah, such as the need for further regulation regarding distribution, ownership, user protection, transaction mechanisms, and conversion, the need for digital security updates, and educating the public to ensure optimal distribution and usage.
Review of Siyasah Dauliyah on the Immigration Document Control System for Indonesian School Students in Kota Kinabalu by the Consulate General of the Republic of Indonesia Kota Kinabalu Sabah Malaysia Atqiyatun Nisa, Syifa; Asro, M.; Fahrul Rizal, Lutfi
Journal of Law, Politic and Humanities Vol. 4 No. 5 (2024): (JLPH) Journal of Law, Politic and Humanities (July-August 2024)
Publisher : Dinasti Research

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/jlph.v4i5.595

Abstract

This research aims to conduct an in-depth review of legal supervision of immigration documents of Indonesian School students in Kota Kinabalu by the Consulate General of the Republic of Indonesia in Kota Kinabalu Sabah Malaysia through the perspective of Siyasah Dauliyah. This study uses an empirical legal method by looking at the legal reality that exists in society which includes legal identification of legal effectiveness. The data collected were analyzed descriptively. The results of the study indicate that supervision of immigration documents of Indonesian citizens residing in foreign countries has been regulated in Law Number 6 of 2011 concerning Immigration. This law regulates the implementation and function of immigration both domestically and as representatives abroad. This study also identified several obstacles in the supervision of immigration documents of Indonesian citizens residing in Malaysia. These obstacles include understanding the rights and obligations of living in other countries, lack of awareness of the importance of travel documents or residence permits in other countries, and criminal provisions for not having complete immigration documents. That supervision of immigration documents of Indonesian citizens needs to be improved through comprehensive efforts. There needs to be a better awareness of the importance of immigration documents when outside Indonesia, whether travel documents or residence permit documents in other countries, an understanding of the rights and obligations of migrant citizens, and the criminal acts of not having complete immigration documents.
Analysis of Sharia Economic Law on Profit Sharing Practices in Infrastructure Projects: A Case Study of Mudharabah at CV. Biru Karya Pratama Syaefryan, Najma Annisa; Sri Yuniarti , Vinna; Asro, M.; Nurfauziah Rukmini, Neng Vivie
ASAS Vol. 17 No. 01 (2025): Asas, Vol. 17, No. 01 Juni 2025
Publisher : Universitas Islam Negeri Raden Intan Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24042/

Abstract

This study examines the application of the mudharabah contract in the Main Street Lighting Pole (PJU) project by CV. Biru Karya Pratama in the City of Bandung in the perspective of sharia economic law. The focus of the study lies in the analysis of the implementation of the principles of justice and transparency in the profit-sharing system, especially related to the conformity of the mudharabah contract with sharia provisions. A qualitative approach with a descriptive method was used to obtain data through interviews, field observations, documentation studies, and literature reviews. The findings of the study revealed that although the mudharabah contract has formally fulfilled the principles and legal conditions according to Islamic law, it was found that there was a practice of giving an additional Rp5,000,000.00 to investors outside the initial agreement. This practice has the potential to give rise to an element of gharar if it is not supported by legal clarity and written agreements. This study emphasizes that transparency in fund management and consistency with the principles of the contract are crucial elements in maintaining the validity of sharia transactions. Therefore, it is necessary to strengthen the aspects of legality and contractual clarity to avoid legal implications that are contrary to sharia economic principles.
The Concept of Digital Rupiah (Central Bank Digital Currency) as a Medium of Exchange in the Context of Sharia Economic Law Zayida, Muhammad Fakhriel; Naafisah, Didah Durrotun; Asro, M.; Athoillah, M. Anton
Jurnal Hukum Ekonomi Syariah Vol. 9 No. 1: Juni 2025
Publisher : Universitas Muhammadiyah Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26618/j-hes.v9i1.17695

Abstract

The development of digital technology has prompted central banks to develop Central Bank Digital Currency (CBDC), including in Indonesia with the introduction of Digital Rupiah. Although it has been legally recognized through Law Number 4 of 2023 concerning the Development and Strengthening of the Financial Sector (P2SK Law), its compatibility with Sharia Economic Law is still being debated. Therefore, this study aims to analyze the Digital Rupiah as a medium of exchange from the perspective of Islamic Economic Law, particularly in relation to public interest and the objectives of Sharia law. This study employs a descriptive-analytical qualitative method with a normative approach, examining relevant regulations and comparing the concept of the Digital Rupiah with principles in Islamic Economic Law based on literature reviews from academic sources, scientific journals, and official documents from the Bank of Indonesia. The results of the study indicate that the Digital Rupiah is consistent with the objectives of Sharia law, particularly in terms of hifzh al-mal (preserving wealth) through value stability and hifzh al-aql (preserving intellect) through transaction transparency and technology-based financial inclusion. Additionally, the Digital Rupiah enhances hifzh an-nafs (preserving life) through a safer financial system. The Digital Rupiah can be accepted under Islamic Economic Law, provided its implementation remains within the framework of justice, public interest, and is free from riba gharar and maisir. However, there are still several challenges faced by the Digital Rupiah, such as the need for further regulation regarding distribution, ownership, user protection, transaction mechanisms, and conversion, the need for digital security updates, and educating the public to ensure optimal distribution and usage.
The Concept of Digital Rupiah (Central Bank Digital Currency) as a Medium of Exchange in the Context of Sharia Economic Law Zayida, Muhammad Fakhriel; Naafisah, Didah Durrotun; Asro, M.; Athoillah, M. Anton
Jurnal Hukum Ekonomi Syariah Vol. 9 No. 1: Juni 2025
Publisher : Universitas Muhammadiyah Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26618/j-hes.v9i1.17695

Abstract

The development of digital technology has prompted central banks to develop Central Bank Digital Currency (CBDC), including in Indonesia with the introduction of Digital Rupiah. Although it has been legally recognized through Law Number 4 of 2023 concerning the Development and Strengthening of the Financial Sector (P2SK Law), its compatibility with Sharia Economic Law is still being debated. Therefore, this study aims to analyze the Digital Rupiah as a medium of exchange from the perspective of Islamic Economic Law, particularly in relation to public interest and the objectives of Sharia law. This study employs a descriptive-analytical qualitative method with a normative approach, examining relevant regulations and comparing the concept of the Digital Rupiah with principles in Islamic Economic Law based on literature reviews from academic sources, scientific journals, and official documents from the Bank of Indonesia. The results of the study indicate that the Digital Rupiah is consistent with the objectives of Sharia law, particularly in terms of hifzh al-mal (preserving wealth) through value stability and hifzh al-aql (preserving intellect) through transaction transparency and technology-based financial inclusion. Additionally, the Digital Rupiah enhances hifzh an-nafs (preserving life) through a safer financial system. The Digital Rupiah can be accepted under Islamic Economic Law, provided its implementation remains within the framework of justice, public interest, and is free from riba gharar and maisir. However, there are still several challenges faced by the Digital Rupiah, such as the need for further regulation regarding distribution, ownership, user protection, transaction mechanisms, and conversion, the need for digital security updates, and educating the public to ensure optimal distribution and usage.
Co-Authors Athoillah, M. Anton Atqiyatun Nisa, Syifa Lutfi Fahrul Rizal, Lutfi Fahrul Naafisah, Didah Durrotun Nurfauziah Rukmini, Neng Vivie Sri Yuniarti , Vinna Syaefryan, Najma Annisa Zayida, Muhammad Fakhriel