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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 Rayah Al Islam : Jurnal Ilmu Islam 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 Journal of Comprehensive Science Penamas Yurisprudentia: Jurnal Hukum Ekonomi AHKAM : Jurnal Hukum Islam dan Humaniora Likuid: Jurnal Ekonomi Industri Halal 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 International Journal of Law Social Sciences and Management Mashlahah: Journal of Islamic Economics Ipso Jure Mabahits Al-Uqud
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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.
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.
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.
The Concept of Price Mechanism in The Halal Industry Refers to The Thought of The Price Concept of Yahya Bin Umar and Ibnu Taimiyah Hakim, Ahmad Luqman; Janwari, Yadi; Jubaedah, Dedah; athoillah, anton
Likuid Jurnal Ekonomi Industri Halal Vol. 3 No. 2 (2023): LIKUID: Jurnal Ekonomi Industri Halal
Publisher : Sharia Economics Study Program Faculty of Islamic Economics and Business UIN Sunan Gunun

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15575/likuid.v3i2.28133

Abstract

The price mechanism in the halal industry has an important role in determining the value and price of halal products. The concept of pricing mechanism in Islam has been initiated by the thinkers Yahya bin Umar and Ibn Taymiyyah. The purpose of this study is to find out how the relationship between the pricing mechanisms of the two Islamic thinkers in the halal industry. Descriptive analytical with qualitative research methods and a historical approach are used in this research. As a result, Yahya bin Umar and Ibn Taymiyyah's approaches to the pricing mechanism provide different perspectives but are in line with the context of healthy and fair pricing. Yahya bin Umar views that prices are determined by the ideal market mechanism, while Ibn Taymiyyah emphasizes the importance of healthy competition and wise government intervention. The price mechanism in the halal industry should reflect the intrinsic value of the product, ensure fairness in transactions, and support the sustainability of the industry. The government can use the price mechanism to set a minimum price or ensure halal products meet certain standards. Fair and competitive pricing will enable wider access to halal products and maintain consumer confidence over a longer period.
Sharia Monetary Policy as an Instrument for Inflation Control and Exchange Rate Stability Based on Sharia Economic Law: Bank Indonesia's Role in the Islamic Financial System Ahmad Rifai; Yadi Janwari; Sofian Al-Hakim
AHKAM Vol 5 No 1 (2026): MARET
Publisher : Lembaga Yasin AlSys

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58578/ahkam.v5i1.8557

Abstract

Islamic monetary policy in Indonesia faces the challenge of demonstrating its effectiveness in controlling inflation and maintaining exchange rate stability amid the dominance of conventional monetary instruments within a dual financial system. This study aims to analyze the role of Islamic monetary policy as an instrument for inflation control and exchange rate stabilization from the perspective of Islamic economic law, with a particular focus on the role of Bank Indonesia in the Islamic financial system. Using a qualitative-descriptive approach, the research examines the framework of Islamic monetary policy, central bank operational instruments, and relevant macroeconomic data. The findings indicate that Islamic monetary instruments, such as Bank Indonesia Syariah Certificates (SBIS), sharia SBSN repos, and sharia monetary operations are effective in managing liquidity without relying on interest rate mechanisms. Absorbent instruments are shown to be more effective in suppressing inflation, while injective instruments support economic growth during periods of slowdown. In addition, Islamic monetary policy indirectly contributes to exchange rate stability by strengthening domestic liquidity conditions and reducing speculative activities. The study concludes that sharia monetary policy is not only aligned with the legal principles of Islamic economics but also possesses empirical relevance as a macroeconomic stabilization instrument. The implications highlight the need for institutional strengthening and further deepening of the Islamic financial market so that Islamic monetary policy can play a more optimal role in supporting equitable and sustainable national economic stability.
Usyur Sebagai Instrumen Pemasukan Negara dan Peningkatan Kesejahteraan Ekonomi Islam Fairuz ‘Ainun Na’im; Yadi Janwari; Sofian Alhakim
MASILE Vol 6 No 1 (2025): Jurnal Masile Studi Ilmu Keislaman
Publisher : Insitut Pesantren Babakan cirebon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.1213/Masile

Abstract

In Islamic economics, usyur is one of the state's fiscal policy instruments, which contributes to increasing national revenue and public welfare by imposing customs duties on products imported into the country. This study is a library study that adopts an explanatory and descriptive research approach. The methods used to process the research data are primary and secondary source review and library/document research through data reduction, data presentation, and conclusion stages. The results of this study indicate that usyur is one of the fiscal policy instruments of Umar ibn Khattab's Ijtihad and is very important and plays a role in increasing national income through non-Zakat revenue. Ushr plays an important role in the Islamic economy, serving as a source of state revenue, monitoring and controlling goods imported into the country, and maintaining economic stability by imposing customs duties on goods to achieve the public interest. are doing.
Exploration of Islamic Economic Principles on Collateral in Legislation in Indonesia: Penelusuran Prinsip-Prinsip Ekonomi Syariah Tentang Jaminan dalam Peraturan Perundang-Undangan di Indonesia Sumiati Sumiati; Yadi Janwari; Deni Kamaludin Yusup; Tatang Astarudin
Asy-Syari'ah Vol. 26 No. 2 (2024): Asy-Syari'ah
Publisher : Faculty of Sharia and Law, Sunan Gunung Djati Islamic State University of Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15575/as.v26i2.37523

Abstract

Abstract: This research aims to examine and analyse the regulatory concept and legal position of guarantees in statutory regulations, and also seeks to explore the Harmonization of Sharia Economic Principles regarding Guarantees in statutory provisions. Analytical descriptive methods were used in this research, and a juridical-normative approach was used with qualitative research data types. Primary, secondary and tertiary data sources were obtained from several relevant literature. This research indicates that the concept of regulation and the legal position of guarantees in statutory provisions is contained in legislation that is made and ratified in writing. Conceptually, the legal regulation of guarantees can be divided into three, namely, the first concept of legal regulation of guarantees, which originates in Book II of the Civil Code, the second is the law of guarantees, which is regulated outside Book II of the Civil Code, the third is the legal regulation of guarantees according to law. sharia economics. Guarantee law acts as a subsidiary or complementary agreement. In connection with the harmonisation of Sharia economic principles, guarantees in statutory regulations can be understood through various principles of Sharia economic law reflected in legislation. These principles consist of the principle of worship (al-tauhid), the principle of justice (al-adl), the principle of amar ma'ruf nahi munkar, the principle of freedom (al-hurriyah), the principle of equality (al-musawah), the principle of helping each other (al -ta'awun), and the principle of tolerance (al-tasamuh), which is substantially contained in the legislation. Abstrak: Penelitian ini bertujuan untuk mengkaji dan menganalisis pengaturan dan kedudukan hukum jaminan pada peraturan perundang-undangan, dan juga untuk menggali Prinsip-prinsip Ekonomi Syariah tentang Jaminan dalam ketentuan undang-undang. Metode deskriptif analitis digunakan pada penelitian ini, dan menggunakan pendekatan yuridis-normatif, dengan jenis data penelitian kualitatif. Sumber data primer, sekunder, dan tersier didapatkan dari beberapa literatur yang relevan. Hasil penelitian ini menunjukkan bahwa Konsep pengaturan hukum jaminan pada peraturan perundang-undangan dibedakan menjadi tiga yakni pertama konsep pengaturan hukum jaminan yang bersumber di dalam Buku II Kitab Undang-undang Hukum Perdata (KUHPdt), kedua pengaturan hukum jaminan yang terdapat di luar Buku II Kitab Undang-undang Hukum Perdata ketiga pengaturan hukum jaminan menurut hukum ekonomi syariah. Hukum Jaminan berkedudukan sebagai perjanjian ikutan/pelengkap (Assecoir). Adapun alasan dibolehkannya objek yang dijaminkan pada akad pembiayaan di perbankan syariah didasarkan adanya kesadaran akan resiko terhadap munculnya moral hazard. Adapun Prinsip-prinsip ekonomi syariah tentang jaminan dalam peraturan perundang-undangan dapat difahami melalui berbagai prinsip hukum ekonomi syariah pada berbagai perundang-undangan jaminan yang terdiri atas prinsip ibadah (al-tauhid), prinsip amar ma’ruf nahi munkar, prinsip keadilan (al-adl), prinsip kebebasan (al-hurriyah), prinsip persamaan/al musawah, prinsip saling tolong menolong (al-ta’awun), dan prinsip toleransi (al-tasamuh), yang secara substansial sudah terdapat di dalam perundang-undang tersebut, hanya saja keberadaan prinsip tersebut belum sepenuhnya terimplementasikan dalam peraturan jaminan.
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.
Co-Authors Abd. Kholik Khoerulloh Abdul Fattah Abdul Gofur Abdurahman, Lukman Abdurrahman Wahid, Abdurrahman Adil, Ustad Ahmad Lukman Nugraha Ahmad Luqman Hakim Ahmad Luqman Hakim, Ahmad Luqman Ahmad Rifai Ahmad Suganda Aini Mansur, Zuhratul Akmaliyah Akmaliyah Al Hakim, Sofyan Al-Hakim, Sofian Ali Santosa Almurni, Muhammad Furqon Amany, Amany Aminulloh, Ali Anggraeni, Desi Cahya Anisa Ilmia Annisa Eka Rahayu Anton Athoillah anton athoillah Ari Fajar Santoso Asep Dadang Hidayat Asri Sundari Athoillah, Mohamad Anton Ayi Nurbaeti Ayi Yunus Rusyana Ayi Yunus Rusyana Burhansyah, Luki Chandra Dedah Juabaedah Dedah Jubaedah Dedah Zubaedah Dede Nurwahidah Deni Kamaludin Yusup Denni Murdani Dodi Yarli Ending Solehudin Fairuz ‘Ainun Na’im Firman Nugraha Firman Nugraha Fitriani, Putri Diesy Ghilmanul Wasath Gina Saila Sofiah Gina Saila Sofiah Gozaly, Ahmad Yusdi Gunariah, Frilla Hadiat, Hadiat Heni Pujiastuti Heris Suhendar Heryana, Rudy Hilmi, Ahmad Imron Rosadi Irni Sri Cahyanti Ishandawi Jajang Herawan Jajat sudrajat Juarsa, Eka Jubaedah, Dedah Kamaludin Yusup, Deni Kusuma, Nurul Rahmah 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 Muharni, Yusraini Mursyidah Zein, Ai Imas Mustofa Mustofa Nanang Sobarna Nissa Ayu Marliana Nur Azzahra, Annisa Nurjamil Nurjamil Nurrohman Nurrohman Nurrohman Nurrohman Pramayanti, Dian Ikha Prasetio, Andri Putri Tri Cahyani Rahmah Kusuma, Nurul Rahmah Kusumah, Nurul Ratnasari, Ai reni Ridwan, Ahmad Hasan Rizaludin 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 Alhakim 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 Syafe`i, Rahmat Tamba, Dheddy Abdi Tatang Astarudin Vemy Suci Asih Wardiman, Dadi Wawan Oktriawan Widiawati Widiawati Widiawati Zahra, Shofia Zuhratul Aini Mansur