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All Journal Chemica: Jurnal Ilmiah Kimia dan Pendidikan Kimia Ulul Albab: Jurnal Studi Islam Progresiva : Jurnal Pemikiran dan Pendidikan Islam Jurnal Diskursus Islam YUDISIA : Jurnal Pemikiran Hukum dan Hukum Islam Jurnal Ushuluddin Jurnal Pilar TARBAWI: Jurnal Pendidikan Agama Islam J-PAI: Jurnal Pendidikan Agama Islam Jurnal Studi Islam Kultivasi Jurnal Ilmiah Ekonomi Islam At-Turats Risâlah, Jurnal Pendidikan dan Studi Islam Wahana Islamika: Jurnal Studi Keislaman MAGHZA: Jurnal Ilmu Al-Qur´an dan Tafsir Edukasi Islami: Jurnal Pendidikan Islam Sebatik Martabe : Jurnal Pengabdian Kepada Masyarakat JURNAL PENDIDIKAN TAMBUSAI Ta`Limuna : Jurnal Pendidikan Islam JURNAL SCHEMATA : Pascasarjana UIN Mataram JTP - Jurnal Teknologi Pendidikan Jurnal Entomologi Indonesia INTEK: Jurnal Penelitian HIKMAH : JURNAL PENDIDIKAN AGAMA ISLAM Jurnal Ilmiah Profesi Pendidikan Jurnal Pembelajaran Pemberdayaan Masyarakat (JP2M) Journal of Research and Thought on Islamic Education (JRTIE) Jurnal Ilmiah Ahwal Syakhshiyyah (JAS) El-Iqtishady Al-Ulum: Jurnal Pendidikan Islam Jurnal Alwatzikhoebillah : Kajian Islam, Pendidikan, Ekonomi, Humaniora Bharanomics Al-Riwayah : Jurnal Kependidikan EduInovasi: Journal of Basic Educational Studies JURNAL ILMIAH GLOBAL EDUCATION Jurnal Pengabdian Masyarakat : Pemberdayaan, Inovasi dan Perubahan Jurnal Iman dan Spiritualitas Al-Ulum: Jurnal Pendidikan Islam Jurnal Pengabdian Masyarakat Bhinneka Tadris: Jurnal Pendidikan Islam MIYAH: Jurnal Studi Islam Mestaka: Jurnal Pengabdian Kepada Masyarakat Kariman: Jurnal Pendidikan Keislaman Madani: Multidisciplinary Scientific Journal Jurnal Multidisiplin Sahombu Al-Rasikh : Jurnal Hukum Islam An Nuqud: Journal of Islamic Economics Chemedu: Jurnal Ilmiah Pendidikan Kimia Jurnal Pengabdian Masyarakat Zona Law And Public Administration Indonesia Jurnal Budi Pekerti Agama Islam Jurnal Riset Guru Indonesia Journal of International Multidisciplinary Research JURNAL MULTIDISIPLIN ILMU AKADEMIK Jurnal Intelek Dan Cendikiawan Nusantara Journal of Islamic Law (EJIL) Jurnal Intelek Insan Cendikia Muta'allim: Jurnal Pendidikan Agama Islam Jurnal Manejemen, Akuntansi dan Pendidikan (JAMAPEDIK) AGROLAND: The Agricultural Sciences Journal Macca: Science-Edu Journal Kinerja : Jurnal Manajemen Pendidikan Islam International Journal of Education, Culture, and Society Ulil Albab Proceeding International Conference on Education Journal of Islamic Philosophy and Contemporary Thought Tawazuna Madania: Jurnal Kajian Keislaman Al Urwatul Wutsqa ABHATS: Jurnal Islam Ulil Albab New Economy Edumaspul: Jurnal Pendidikan INTEGRATIA: Journal of Education, Human Development, and Community Engagement Criksetra: Jurnal Pendidikan Sejarah
Abdul Fattah
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Religion Agriculture, Biological Sciences & Forestry Arts Humanities Biochemistry, Genetics & Molecular Biology Chemical Engineering, Chemistry & Bioengineering Chemistry Civil Engineering, Building, Construction & Architecture Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Energy Engineering Environmental Science Health Professions Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Library & Information Science Mathematics Mechanical Engineering Medicine & Pharmacology Physics Public Health Social Sciences Other

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Journal : Zona Law And Public Administration Indonesia

 1 
Islamic Monetary System: Foundations Normative Pillars and Implementation Prospects in the Modern Era Fattah, Abdul; Janwari, Yadi; Al-Hakim, Sofian
Zona Law And Public Administration Indonesia Vol. 3 No. 6 (2025): November 2025
Publisher : Yayasan Mentari Madani

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Abstract

Recurrent global financial crises, such as the 1997 Asian crisis, the 2008 subprime mortgage crisis, and the economic uncertainty of the post-COVID-19 pandemic, highlight the structural weaknesses of the conventional debt- and interest-based monetary system that often fuels imbalances between the monetary and real sectors and encourages speculative behavior. In response, the Islamic monetary system exists as a normative and practical alternative that emphasizes justice, stability, and social welfare through the prohibition of usury, gharar, and maysir, as well as the linking of money to real economic activities. This article examines the philosophical foundations, normative pillars, and operational principles of the Islamic monetary system, highlighting the role of classical scholars such as al-Ghazali, Ibn Taymiyyah, and Ibn Qudamah, as well as the contributions of contemporary thought Wahbah Zuhaili and Umar Chapra. This study also traces the history of the implementation of the Islamic monetary system during the time of the Prophet and Khulafaur Rashidin which is based on bimetal standards (dinar-dirham), as well as examines the implementation of Islamic monetary policy in Indonesia through instruments such as sukuk, SBIS, and Islamic interbank money markets. The research methodology uses a qualitative approach with a literature review, analyzing primary and secondary literature to identify the foundations, pillars, and prospects of the Islamic monetary system. The results of the study show that the Islamic monetary system is able to integrate money creation control, risk-sharing-based policy transmission, real sector deepening, and governance based on sharia maqasid. Despite challenges such as low Islamic financial literacy and the need for regulatory harmonization, the prospects for the Islamic monetary system are very bright as an inclusive, sustainable, and equitable economic solution in the era of globalization and financial technology innovation
The Implication of Property Classification on Contract Validity and Tasharruf Rights: A Comparative Analysis of Fiqh Schools Susandi, Adi; Fattah, Abdul; Jubaedah , Dedah; Setiawan, Iwan
Zona Law And Public Administration Indonesia Vol. 3 No. 6 (2025): November 2025
Publisher : Yayasan Mentari Madani

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Abstract

Property (al-māl) occupies a central position in Islamic law as part of Maqāṣid al-Syarī‘ah. However, there is a fundamental divergence among Fiqh schools regarding its ontological definition. The Hanafi school emphasizes a materialistic approach requiring physical existence and storability while the Majority (Jumhur) scholars (Maliki, Shafi'i, and Hanbali) adopt a value-based functional approach. This study aims to analyze these comparative views and their implications for contract validity and disposal rights (ḥaq taṣarruf), particularly within the context of the digital economy. Using a qualitative library research method with a juridical-normative approach, this study finds that the Jumhur’s definition is more adaptive to modern intangible assets such as cryptocurrencies and NFTs. Conversely, the Hanafi distinction between invalid (fāsid) and void (bāṭil) contracts offers legal stability in transactions. The study concludes that a methodological synthesis between Hanafi’s legal rationality and the Jumhur’s value-orientation is necessary to construct a contemporary Fiqh Muamalah that is responsive to technological disruption while maintaining Sharia compliance
Co-Authors Abbas Abd. Haris Abd. Rahman Abdi Negara Abdul Gani ABDUL HAMID Abid, Muhammad Achmadin, Balya Ziaulhaq Adib, Ahmad Hidhir Adul Quddus Agil Husain Abdullah Ahmad Barizi Ahmad Junaidi Ahwiyah Ekawati Said Ainul Mardiah Al-Hakim, Sofian Alamsyah Alfa, Mohammad Asrori Ali Hasan, Hurriah Ali, Muhammad Fiqri Aminah Aminah Amri Amir Amrullah, Wahdaniya Andi Erdiansa, Andi Andi Nasruddin Ansori, Muhammad Zainul Ardiyan Ainul Yaqin Ardjanhar, Asni Arief Bimantoro Suharko Arif, Aminul Asri, Dwi Asse, Ambo Aulia, Novira Awa, Awa Azmat Sadik, Aulia Baehaqi Balafif, Mohammad Bayu, Septian Benny Afwadzi, Benny Bidhari, Lesty Ayu Dahlan lama bawa Daulay, Anysah Desty Endrawati Devi Pramitha Diandra, Salsabila Didi Didi, Didi Fahmi, Rizky Hadijah Fajira, Era Faricha Fahmadina Fathurrahman Muhtar Fatmawati Fatmawati Fauziah Fauziah Ferdinan Ferdinan Ferdinan Ferdinan, Ferdinan Fitra Mario Zidan Fitrah Maulia Putri Fitriani, Iwan Gassing, A Qadir Haidar, Putri Bayu Hairil Anwar Hamdani Hamdani Hamzah, Moh Haryono Haryono Hasan Bisri Hasanah, Ikhwatun Hasbi Hasibuan, Ilham Martua Herawati Herawati Hery Widijanto Hijran, Muhammad Iin Fadilah Imsar, Imsar Iswadi, Muhamad Khalid Iwan Setiawan Jalaludin, Yudhi Setiawan Jubaedah , Dedah Julkipli K. Amrullah, Abdul Malik Karlina Syahruddin, Karlina Khoir, Fatihul Khoirul Anwar Khojin Supriadi, Khojin Khonifah, Faridotul Kirtawadi Kirtawadi Kirtawadi, Kirtawadi Laksono Trisnantoro Lasah, Benidiktus Lubis, Artika Lukmanul Hakim M Ilham Muchtar M, Nurhidaya M. Ilham Muchtar M. Sobry Maharani, Dewi Majduddin, Mohammad Mangngelo, Clarissa Tambing Maram, Ahmad Nabilul Mardatilla Mardatilla Masnun Tahir Masrina, Masrina Meta Aprilia MH, Masrina Miftahul Ulum Moch. Nurfahrul Lukmanul Khakim Mohammad Asrori Muchtar, M Ilham Muchtar, Wardatul Maulidina Muh Firdaus Muh Hamzah, Muh Muhammad Azrai, Muhammad Muhammad Habibirrahman Muhammad Izzul Fahmi Muhammad Lingga Andana Muhammad Said Baco Muhammad Thohri, Muhammad Muhammad Yasin Mukharomah, Awwalina Mukhsin, Akhmad Mukorrobin, M. Murni S Muslichah Erma Widiana Mustain Mustain Mustain Mustain Mustakim Mustakim Nabilah, Nafa Naim Naslah Nasri , Ulyan Nazah, Safinatun Nazmi Laila Gita Nining Nurini Andayani, Nining Nurini Nur Khasanah Nur Rifka Nursamiah, Nursamiah Nurul Shofiah Oktafani, Fitri Permata, Reynata Ayu Priyanto, Slamet Bambang Purba, Eva Ferawati Puri, Anna Maria Rosari Mestikaning Putri Nur Fahriyanti Putri, Indah Rosshiana Rahma, Indah Anggun Rahman Rahman Rahman, Ayyub Ar Rahman, Musyirah Rahmasari, Anggraeni Ramadhan, Rivalzaky Echa Rani Rani Rifa Hidayah Rifka, Nur Rifyatul Azizah Rikiansyah, Rikiansyah Rizal, Moh Rizki Rizki Roy Efendi, Roy Rozi Rozi, Rozi RR. Ella Evrita Hestiandari Rusyd, Rajiah Safitri, Farida Said, Sigit Budianto Salimul Jihad Samudra, Ferry Pungkas Santoso, Arik Lutfi Saputra Syachrul, Muh Ilham Sa’diyah, Fatichatus Sigit Budi Santoso, Sigit Budi Sihotang, Bertha Uli Silalahi, Ghadief Hanbal Silalahi, Purnama Ramadani Sinaga, Hadawiyanti Siti Asiyah Siti Kotijah Sitti Satriani Soehardjoepri, Soehardjoepri Solichah, Novia Sri Sahbany Suhara, Shakila Putri SUHIRMAN SUHIRMAN Sumarni Sumarni Sumiati Sumiati Suparmin, Sudirman Susandi, Adi Suwardi Suwardi Suwarti Suwarti Suwitra, I Ketut Syari'ah, Atiris Syarifah, Hasnia Imroatis Thoha, Anis Malik Tini Kartini Ubaidillah Ubaidillah Udiarto, Bagus K Ulviani, Maria Wafa, Iqbal Ali Wahdaniya Walipah Wara, Jullul Wati, Feby Anugrah Widyaningrum, Mahmudah Enny Yadi Janwari Yulianto, Dedik Zaelani Zaini, Fu’ad Zakiyah, Ermita Zulfahmi Zulfahmi