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All Journal Ahkam: Jurnal Ilmu Syariah Al-Manahij: Jurnal Kajian Hukum Islam International Journal of Nusantara Islam JURNAL IQTISAD: Reconstruction of Justice and Welfare for Indonesia Jurnal Asy-Syari'ah Jurnal Ilmiah Ekonomi Islam Economica: Jurnal Ekonomi Islam Jurnal Masharif al-Syariah: Jurnal Ekonomi dan Perbankan Syariah al-Afkar, Journal For Islamic Studies Al Qalam: Jurnal Ilmiah Keagamaan dan Kemasyarakatan DE'RECHTSSTAAT Unes Law Review Jurnal Tabarru': Islamic Banking and Finance NUKHBATUL 'ULUM : Jurnal Bidang Kajian Islam Jurnal Ilmu Hukum Tambun Bungai Rayah Al Islam : Jurnal Ilmu Islam Jurnal Hukum Ekonomi Syariah Jurnal Papatung : Jurnal Ilmu Administrasi Publik, Pemerintahan dan Politik Coopetition : Jurnal Ilmiah Manajemen MUAMALATUNA Asyahid Journal of Islamic and Quranic Studies (AJIQS) Airlangga International Journal of Islamic Economics and Finance AL-ARBAH: Journal of Islamic Finance and Banking Eco-Iqtishodi : Jurnal Ilmiah Ekonomi dan Keuangan Syariah Ekonomica Sharia: Jurnal Pemikiran dan Pengembangan Ekonomi Syariah Jurnal Ilmiah Wahana Pendidikan Al-Muamalat : Jurnal Ekonomi Syariah Jurnal Iqtisaduna Share: Jurnal Ekonomi dan Keuangan Islam Mimbar Agama Budaya Islamic Banking : Jurnal Pemikiran dan Pengembangan Perbankan Syariah Jurnal Pengabdian Multidisiplin International Journal of Humanities Education and Social Sciences International Journal of Social Science, Education, Communication and Economics Jurnal Manajemen Journal Islamic Economics Ad Diwan Al-Manahij : Jurnal Kajian Hukum Islam el-Jizya: Jurnal Ekonomi Islam Journal of Comprehensive Science JURNAL ECONOMINA Penamas Yurisprudentia: Jurnal Hukum Ekonomi Likuid: Jurnal Ekonomi Industri Halal IQTISHOD: Jurnal Pemikiran dan Hukum Ekonomi Syariah Islamic Economics and Business Review (IESBIR) Strata Law Review Asian Journal of Islamic Studies and Da'wah Juni-Jurnal Pelita Nusa IIJSE Zona Law And Public Administration Indonesia Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah International Journal of Nusantara Islam Jurnal Ekonomi, Akuntansi dan Perpajakan Masile:Jurnal Studi Ilmu Keislaman DIRASAH: Jurnal Kajian Islam Strata International Journal of Social Issues Multidiscience: Journal of Multidisciplinary Science Amwaluna: Jurnal Ekonomi dan Keuangan Syariah International Journal of Law Social Sciences and Management Ecopreneur : Jurnal Ekonomi dan Bisnis Islam Mashlahah: Journal of Islamic Economics Ipso Jure
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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 Evolution of Islamic Monetary Policy: Civilizational Roots, Legal Foundations, and Contemporary Relevance Rosadi, Imron; Janwari, Yadi; Al-Hakim, Sofian
Zona Law And Public Administration Indonesia Vol. 4 No. 1 (2026): January 2026
Publisher : Yayasan Mentari Madani

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Abstract

This study investigates the dynamic evolution of monetary policy within Islamic civilization, spanning from the Prophetic era to the late Ottoman Empire. Contrary to static legalistic narratives, this research employs a historical-comparative approach to demonstrate that Islamic monetary practices were highly adaptive responses to shifting economic realities, ranging from cross-border trade integration to global inflationary shocks. The analysis highlights several pivotal shifts: the pragmatic adoption of foreign currency during the Rashidun Caliphate, the assertion of monetary sovereignty through the Arabization of coinage under the Umayyads, and the development of sophisticated credit instruments during the Abbasid era. Furthermore, the study critically examines the failures of fiat money experiments in the Mamluk Dynasty and the Delhi Sultanate, contrasting them with the relative stability of the Fatimid gold standard and the Ottoman Empire's strategic adaptation to the “Price Revolution.” By synthesizing data from numismatic evidence and classical texts—such as those by Al-Maqrizi and Ibn Khaldun—with modern economic historiography, this article argues that the resilience of an Islamic monetary system depends less on the intrinsic material of the currency (gold/silver) than on institutional integrity, state credibility, and market supervision (Hisbah). These historical insights provide a vital empirical foundation for formulating contemporary Islamic economic policies, particularly regarding fiscal-monetary integration and currency stability management.
Fiscal Policy Instruments Based on Indonesian Sharia Principles Linked to Fiscal in the Health Sector Prasetio, Andri; Janwari, Yadi; Al-Hakim, Sofian
Zona Law And Public Administration Indonesia Vol. 4 No. 1 (2026): January 2026
Publisher : Yayasan Mentari Madani

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Abstract

In developing countries, such as Indonesia in general, given the relatively large informal sector, various aspects of subsidized healthcare services provided by the government, both central and regional, are important tools and means for promoting health.Health is one of the many determinants of well-being. Many developing countries worldwide strive to improve the health of their citizens in order to advance the nation's well-being. Indonesia is one of the developing countries implementing public health improvement programs. The health subsidy program is one example of the Indonesian government's focus on supporting national health, and this program has been implemented down to the lowest levels in Indonesia. Some countries have opted for direct provision of health goods, while others combine public service provision with subsidized health insurance for families with incomes below a certain threshold. Both models require identifying families unable to afford health services and the types of services considered public goods. This study aims to explore the development of these programs in relation to the fiscal policies implemented in Indonesia, which have been deemed successful in reducing healthcare costs for poor families. The results indicate a strong correlation between fiscal policy and the provision of healthcare facilities for poor families.
Implementation Of Sharia Principles in Financial Technology: Analysis of Regulatory Compliance and Legal Challenges in Indonesia Herawan, Jajang; Fautanu, Idzam; Janwari, Yadi; Al Hakim, Sofian
Amwaluna: Jurnal Ekonomi dan Keuangan Syariah Vol. 10 No. 1 (2026): Amwaluna: Jurnal Ekonomi dan Keuangan Syariah
Publisher : UPT Publikasi Ilmiah UNISBA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29313/amwaluna.v10i1.7947

Abstract

The rapid growth of financial technology (fintech) in Indonesia has intensified the need to ensure compliance with Sharia principles within digital financial services. This study examines the extent of regulatory compliance of Sharia fintech in Indonesia and identifies the main legal and operational challenges in implementing Islamic economic law. Using a qualitative normative approach based on regulatory analysis and literature review, this research analyzes OJK regulations, DSN-MUI fatwas, and the operational practices of Sharia fintech platforms. The findings reveal that despite the availability of a formal regulatory framework, the implementation of Sharia principles remains uneven. Significant gaps are identified in transparency of profit-sharing mechanisms, Sharia-based risk management, and the effectiveness of supervision by Sharia supervisory bodies. In addition, inconsistencies between regulatory provisions and operational interpretations contribute to varying levels of Sharia compliance among fintech platforms. These findings imply the need for stronger regulatory coordination between OJK and DSN-MUI, clearer technical guidelines for Sharia contract implementation in digital platforms, and the enhancement of supervisory mechanisms to ensure consistent Sharia compliance. Strengthening these aspects is essential to support the sustainable development of Sharia fintech and to enhance public trust in Indonesia’s digital Islamic financial ecosystem.
ANALISIS HUKUM EKONOMI : ZAKAT DAN FILANTROPHI ISLAM DALAM KONTRAS DENGAN BARAT Nurjamil; Janwari, Yadi; Al Hakim, Sofyan
Jurnal Tabarru': Islamic Banking and Finance Vol. 8 No. 2 (2025): Jurnal Tabarru' : Islamic Banking and Finance
Publisher : Department of Islamic Banking, Faculty of Islamic Studies, Islamic University of Riau (UIR)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25299/jtb.2025.vol8(2).27270

Abstract

Penelitian ini bertujuan membandingkan sistem ekonomi dunia terkait distribusi kekayaan dan konsep kepemilikan. Menggunakan metode kualitatif dan pendekatan deskriptif komparatif, data dari buku, jurnal, dan penelitian dianalisis untuk menjawab pertanyaan penelitian. Hasilnya menunjukkan bahwa distribusi kekayaan adalah aspek penting dalam ekonomi yang dapat mengubah status kepemilikan. Dalam ekonomi kapitalis, distribusi kekayaan bergantung pada pasar, sedangkan dalam ekonomi sosialis bergantung pada pemerintah. Dalam ekonomi Islam, distribusi diatur oleh pasar dan pemerintah dengan pedoman hukum Islam. Kepemilikan dalam ekonomi kapitalis berada di tangan individu, dalam ekonomi sosialis diatur oleh negara, dan dalam Islam, Allah SWT sebagai pemilik sejati dengan individu memanfaatkan sesuai aturan agama melalui institusi zakat dan filantrophi Islam. Kepemilikan terbagi menjadi pribadi, umum, dan negara.
Correlation and Relevance of Islamic Economic Theory and Modern Economics Muhammad Yunus; Yadi Janwari; Ahmad Hasan Ridwan
al-Afkar, Journal For Islamic Studies Vol. 6 No. 4 (2023)
Publisher : Perkumpulan Dosen Fakultas Agama Islam Indramayu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31943/afkarjournal.v6i4.755

Abstract

This study aims to explain the correlation between economics and Islam. This research uses qualitative research, with a normative juridical approach and data collection techniques by means of literature study. The results of this study indicate that Islam is a perfect religion that regulates all aspects of human life including the economy. This is proven by the concept of welfare described in the Qur'an and Sunnah. Basically, the purpose of every human being's life is to achieve welfare, although humans interpret welfare from different perspectives. Most economic understandings assume that welfare is worldly material welfare. However, Islam defines welfare with the term Falah, which means holistic and balanced welfare between the material and spiritual dimensions. The Quran and Sunnah have taught that welfare will be achieved if humans live a life in balance between their material and spiritual lives. This is because human life does not only stop in this world, but there is still a second life that humans will face in the hereafter, and welfare will be achieved truly if humans can balance the needs of the world and the hereafter, and that is what is taught in Islamic economics
The Theory of Money According to Imam Al-Ghazali Chandra; Yadi Janwari; Ahmad Hasan Ridwan
al-Afkar, Journal For Islamic Studies Vol. 6 No. 4 (2023)
Publisher : Perkumpulan Dosen Fakultas Agama Islam Indramayu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31943/afkarjournal.v6i4.781

Abstract

Al-Ghazali in his works of Ihya Ulumuddin, al-Mustashfa Mizan, al-Amal and At-Tibr al-Masbuk fi al-Nasihah al-Mulk. In his works, Al-Ghazali explains many aspects of Islamic economics, especially Al-Ghazali's thoughts on the concept of money. This research aims to find out Imam Abu Hamid al-Ghazali's thoughts on the concept of money.  Al-Ghazali's thinking about the concept of money is inspired by the number of economic problems that occur in the barter system or exchange of goods. Al-Ghazali has explained several functions that money has, including as qiwam of al-dunya (unit of calculation), hakim mutawasith (measure of the value of goods), and al-mu'awwidlah (medium of exchange).
Price Mechanisms in Islamic Economics Perspective of Yahya Bin Umar and Ibn Taymiyah Lina Pusvisasari; Yadi Janwari; Ahmad Hasan Ridwan
al-Afkar, Journal For Islamic Studies Vol. 6 No. 4 (2023)
Publisher : Perkumpulan Dosen Fakultas Agama Islam Indramayu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31943/afkarjournal.v6i4.822

Abstract

This study discusses the role of prices in Islamic economics from the perspective of Yahya bin Umar and Ibn Taymiyah. In the view of Yahya bin Umar, the price mechanism in Islamic economics must follow the principles of justice and transparency and avoid speculation that harms the community. Meanwhile, Ibn Taymiyah argues that the price of goods and services should be determined by market demand and supply, assuming that the market runs freely and there is no fraud. Through a qualitative approach using the literature study method, this article discusses the views of Yahya bin Umar and Ibn Taymiyah on the price mechanism in Islamic economics. The results show that both agree that the price mechanism must follow the principles of fairness and transparency. However, there are differences of opinion in terms of how to determine prices, where Yahya bin Umar emphasizes more on the need for government and community supervision of the price mechanism, while Ibn Taymiyah emphasizes more on market freedom.
Stabilitas Ekonomi Islam: Telaah Teoritis Terhadap Mekanisme Pengendalian Inflasi Amin, Faiz; Janwari, Yadi; Al Hakim, Sofyan
Ecopreneur : Jurnal Ekonomi dan Bisnis Islam Vol. 7 No. 1 (2026): Ecopreneur : Jurnal Ekonomi dan Bisnis Islam
Publisher : Institute of Research and Community Service at Islamic University of Bunga Bangsa Cirebon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47453/ecopreneur.v7i1.4055

Abstract

Inflasi merupakan fenomena ekonomi yang ditandai dengan kenaikan harga barang dan jasa secara umum dan berkelanjutan, hal ini menyebabkan penurunan daya beli masyarakat serta mengganggu stabilitas ekonomi dan keadilan sosial. Dalam perspektif ekonomi Islam, inflasi tidak sekadar masalah moneter, melainkan ancaman serius terhadap prinsip keadilan (ʿadl), kesejahteraan umat (maṣlaḥah), dan stabilitas sistem keuangan yang berlandaskan syariah. Penelitian ini bertujuan untuk menggali serta menganalisi startegi penanganinflasi dalam perspekstif ekonomi islam.Penelitian ini bersifat kualitatif dan menggunakan metodeLibrary researchsebagai pendekatan penelitian. Hasil analisis menunjukkan bahwa penyebab inflasi terbagi menjadi dua kategori utama, yaitu natural inflation (faktor alamiah yang tidak dapat dikendalikan manusia) dan human error inflation (kesalahan manusia, seperti korupsi, penyalahgunaan wewenang moneter, pencetakan uang berlebih berbasis riba, serta ekspektasi inflasi). Mekanisme pengendalian dalam sistem keuangan Islam dilakukan melalui kebijakan moneter bebas riba berbasis bagi hasil (profit-loss sharing) dengan instrumen zakat sebagai redistribusi kekayaan, larangan penimbunan harta (iḥtikār), serta pengembangan instrumen syariah seperti sukuk negara dan perbankan syariah yang berorientasi pada sektor riil. Penelitian ini menyimpulkan bahwa sistem keuangan Islam menawarkan kerangka pengendalian inflasi yang lebih adil, stabil, dan berkelanjutan dibandingkan sistem konvensional, karena mengintegrasikan nilai-nilai syariah yang menekankan keseimbangan, keadilan, dan kesejahteraan bersama.
Analysis Of Microeconomic Theory According To Abu Ubayd And Al-Syaibani And Its Relevance To Pancasila Economy Adil, Ustad; Janwari, Yadi; Jubaedah, Dedah
Ipso Jure Vol. 1 No. 5 (2024): Ipso Jure- June
Publisher : PT. Anagata Sembagi Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62872/erfh7m81

Abstract

This study aims to analyze the microeconomic theory of Abu Ubayd in the book Al-Amwal and Al-Syaibani in the book al-Kasb and its relevance to the Pancasila economy. The research method used is a qualitative method with an analytical descriptive approach to the book of Al-Awal by Abu Ubayd and the book of Al-Kasb by Al-Syaibani and assisted from other reading sources related to the research title. Theresults of this study are Abu Ubayd in al-Amwal talks about basic human needs, legal and economic justice, Bedouin and urban dichotomy, while al-Syaibani explores the concept of al-Kasb (Work), according to him that work is the main element of production, has a very important position in life. Al-Syaibani also explained about wealth and destitution, the classification of businesses and about economic needs and specialization and distribution of work. The relevance of Abu Ubayd's economic thought with Pancasila Economy in accordance with the Indonesian Law No. 5 Year 1999 on the prohibition of monopolistic practices. While Al-Syaibani about al-Kasb (work) and the distribution of work is very relevant to the 1945 Constitution article 28 D Paragraph 2, namely Everyone has the right to work and get a fair and decent reward and treatment in labor relations.
Co-Authors Abd. Kholik Khoerulloh Abdul Fattah Abdul Gofur Abdurahman, Lukman Abdurrahman Wahid, Abdurrahman Adawiah, Amalia Muazzah Adil, Ustad Ahmad Lukman Nugraha Ahmad Luqman Hakim Ahmad Suganda Aini Mansur, Zuhratul Akmaliyah Akmaliyah Al Hakim, Sofyan Al-Hakim, Sofian Alhakim, Sofian Ali Santosa Almurni, Muhammad Furqon Amany, Amany Amin, Faiz Aminulloh, Ali Anggraeni, Desi Cahya Annisa Eka Rahayu anton athoillah Ari Fajar Santoso Asep Dadang Hidayat Asri Sundari Astarudin, Tatang Athoillah, Mohamad Anton Ayi Nurbaeti Ayi Yunus Rusyana Ayi Yunus Rusyana Burhansyah, Luki Chandra Dedah Juabaedah Dedah Jubaedah Dedah Zubaedah Dede Nurwahidah Denni Murdani Dodi Yarli Ending Solehudin Firman Nugraha Firman Nugraha Fitriani, Putri Diesy Ghilmanul Wasath Gina Saila Sofiah Gina Saila Sofiah Gozaly, Ahmad Yusdi Gunariah, Frilla Hadiat, Hadiat Heni Pujiastuti Herawan, Jajang Heris Suhendar Heris Suhendar, Heris Heryana, Rudy Hilmi, Ahmad Idzam Fautanu Ilmia, Anisa Imron Rosadi Irni Sri Cahyanti Ishandawi Ismail, Yana Chaeru Taufik Jajang Herawan Jajat sudrajat Jefik Zulfikar Hafizd Juarsa, Eka Jubaedah, Dedah Kamaludin Yusup, Deni Kikin H Mutaqin Kusuma, Nurul Rahmah Lina Pusvisasari LUBIS, MUKHLIS Lubis, Mukhlis Lubis Lutfi Fahrul Rizal, Lutfi Fahrul Mafrudlo, Ahmad Mahfudzi Mansur, Zuhratul Aini Maulana, Fauzan Aziz Mega Silvia Mega Silvia Meinanti, Dwi Reiza Moh. Asep Zakariya Ansori Mohammad Anton Athoillah Mohammad Anton Athoillah Mugni Muhit Muhamad Afif Sholahudin Muhamad Fuji Hakiki Muhammad Hasanuddin, Muhammad Muhammad Yunus Muhammad Yunus Muharni, Yusraini mursid, fadillah Mursyidah Zein, Ai Imas Mustofa Mustofa Nanang Sobarna Na’im, Fairuz ‘Ainun Nissa Ayu Marliana Nur Azzahra, Annisa Nurjamil Nurrohman Nurrohman Nurrohman Nurrohman Pramayanti, Dian Ikha Prasetio, Andri Rahmah Kusuma, Nurul Rahmah Kusumah, Nurul Ratnasari, Ai reni Ridwan, Ahmad Hasan Rosi Hasna Sari Royani Rumatiga, Hidayat Saebani, Beni Ahmad Salimudin, Mumud Santika, Ganjar Sari, Rosi Hasna Setia Mulyawan, Setia Setiadi Siswahyudianto Slamet Santoso Sodik, Gugun Sofian Al Hakim, Sofian Sofian Al-Hakim Sofiawati, Eva Sofyan Al-Hakim Sofyan Al-Hakim Solihin, Dadin Suganda, Ahmad Suherli, Ian Rakhamawan Suherli, Ian Rakhmawan Sulaeman Sulaeman Sulaeman Sulaeman Sumiati Sumiati Sumiati Sumiati Suntana, Ija Suparman Kholil Suradi Suradi Suradi Suryawirawan, Ade Susilawati, Cucu Syafe`i, Rahmat Tamba, Dheddy Abdi Vemy Suci Asih, Vemy Suci Wardiman, Dadi Wawan Oktriawan Widiawati Widiawati Widiawati Zahra, Shofia Zuhratul Aini Mansur