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All Journal Briliant: Jurnal Riset dan Konseptual JURNAL LENTERA BISNIS Jurnal Ilmiah Edunomika (JIE) Mumtaz: Jurnal Studi Al-Quran dan Keislaman Jurnal Pengabdian Masyarakat Nusantara JEMSI (Jurnal Ekonomi, Manajemen, dan Akuntansi) International Journal of Management Science and Information Technology (IJMSIT) Journal Of Human And Education (JAHE) International Journal of Economics (IJEC) Jurnal Indonesia Sosial Teknologi Journal International Dakwah and Communication Sharia Oikonomia Law Journal Jurnal Global Ilmiah RESLAJ: Religion Education Social Laa Roiba Journal Nomico COSMOS JER Takafu
Imron Natsir, Imron
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Religion Humanities Chemical Engineering, Chemistry & Bioengineering Civil Engineering, Building, Construction & Architecture Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Environmental Science Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Mathematics Medicine & Pharmacology Social Sciences Other

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Journal : Sharia Oikonomia Law Journal

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The Impact of Sharia Economic Law on Economic Growth in Muslim-majority Countries: A Global Perspective Natsir, Imron; Kiat, Ton; Som, Rit
Sharia Oikonomia Law Journal Vol. 3 No. 1 (2025)
Publisher : Yayasan Pendidikan Islam Daarut Thufulah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70177/solj.v3i1.2079

Abstract

The principles of Sharia economic law, rooted in Islamic jurisprudence, emphasize ethical and equitable economic practices. As Muslim-majority countries increasingly adopt Sharia-compliant financial systems, understanding their impact on economic growth has become crucial. This study examines the influence of Sharia economic law on economic growth in Muslim-majority countries from a global perspective. The research aims to analyze the relationship between Sharia economic law and economic growth, identifying key drivers, challenges, and opportunities for sustainable development in Muslim-majority countries. A mixed-methods approach is employed, combining quantitative analysis of macroeconomic data from 20 Muslim-majority countries and qualitative interviews with policymakers, economists, and Sharia scholars. Data were analyzed using regression models and thematic analysis. The findings reveal that Sharia economic law positively impacts economic growth by promoting ethical investments, financial inclusion, and risk-sharing mechanisms. However, challenges such as regulatory inconsistencies, limited financial literacy, and inadequate infrastructure hinder its full potential. Countries with robust Sharia governance frameworks and supportive policies reported higher economic growth rates. This study highlights the potential of Sharia economic law to drive sustainable economic growth in Muslim-majority countries. By addressing regulatory and infrastructural challenges, policymakers can enhance the contribution of Sharia-compliant systems to global economic development.
Shariah and Corporate Social Responsibility: A Comparative Analysis of Shariah-Compliant Businesses in Indonesia and Malaysia Ode, Haruni; Natsir, Imron; Mayndarto, Eko Cahyo
Sharia Oikonomia Law Journal Vol. 3 No. 1 (2025)
Publisher : Yayasan Pendidikan Islam Daarut Thufulah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70177/solj.v3i1.2081

Abstract

The integration of Shariah principles with corporate social responsibility (CSR) has gained prominence as businesses strive to align ethical practices with Islamic values. Indonesia and Malaysia, as leading Muslim-majority economies with robust Islamic finance sectors, offer unique insights into how Shariah compliance influences CSR frameworks. However, comparative studies on CSR practices among Shariah-compliant businesses in these countries remain limited, particularly in addressing cultural, regulatory, and theological divergences. This study aims to analyze and compare CSR practices in Shariah-compliant businesses in Indonesia and Malaysia, focusing on their alignment with Islamic ethical principles, stakeholder engagement, and contributions to sustainable development. A mixed-methods approach is employed, combining quantitative analysis of CSR reports from 50 companies (25 per country) and qualitative interviews with 20 stakeholders (executives, Shariah scholars, and CSR experts). Data were analyzed using thematic analysis and comparative statistical tools. The findings reveal that Malaysian businesses exhibit more standardized CSR frameworks rooted in stringent Shariah governance, emphasizing environmental sustainability and ethical governance. Indonesian businesses prioritize community-driven initiatives, reflecting local socio-cultural contexts. Both countries align CSR with Islamic principles like zakat and maslahah, but Malaysia’s regulatory ecosystem enhances accountability, while Indonesia’s approach is more decentralized and adaptive.
Co-Authors Abdullah, Rais Abroza, Ahmad Ahmad Ali Al-Amin, Al-Amin Amruddin, Amruddin Ana Fitriyatul Bilgies, Ana Fitriyatul Bakri, Asri Ady Bobby Ferly Chatun, Sri Delyana R. Pulungan edy susanto Ekobelawati, Fransiska Elwardah, Khairiah Fernandez, Carlos Flores, Josefa Hajar Mukaromah Haruni Ode Hasirah Hasirah, Hasirah Herawaty, Ety Indarsih, Fajar Indriastiningsih, Erna Irawaty, Rosalia Irfana, Tungga Buana Irwin, Andi Jacob, Jufri Judijanto, Loso Kiat, Ton Kusnadi, Iwan Henri Laksono, Muflih Adi Lamsir, Seno Lismaryanti, Lismaryanti Mawardi Mayndarto, Eko Cahyo Mislan Sihite, Mislan Muhammad Kamal Musran Munizu Oktoriza, Linda Ayu Parmini Ramli Semmawi, Ramli Sari, Yolanda Som, Rit Sulaiman Efendi Siregar Syahril Syahril Syam, Fahmi Triastuti, Eny Ummu Kalsum Utami, Eva Yuniarti Yuliastuti, Ratna Zainuddin, Yusran Zainudin, La Ode