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All Journal al-Afkar, Journal For Islamic Studies Pendas : Jurnah Ilmiah Pendidikan Dasar PROJECT (Professional Journal of English Education) Edusifa: Jurnal Pendidikan Islam TARBIYATUNA : Jurnal Kajian Pendidikan, Pemikiran dan Pengembangan Lembaga Pendidikan Islam Khulasah : Islamic Studies Journal SINAU : Jurnal Ilmu Pendidikan dan Humaniora Jurnal Pengabdian Masyarakat dan Riset Pendidikan Journal of Language and Literature Education (JoLaLE) Lentera Peradaban: Journal on Islamic Studies
Sumarta
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Religion Humanities Education Languange, Linguistic, Communication & Media Mathematics Social Sciences Other

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Maisir in Online Gaming Business: A Theological and Islamic Ethical Perspective Denis Sasmita; Eka Maulana; Sumarta
Lentera Peradaban: Journal on Islamic Studies Vol. 1 No. 3 (2025)
Publisher : Penerbit Hellow Pustaka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61166/lpi.v1i3.13

Abstract

Modern derivative markets provide flexibility and risk management but pose challenges for Sharia compliance due to potential gharar (uncertainty) and maysir (speculation). This study employs a library research approach to evaluate the conformity of conventional derivatives with Islamic law principles in Indonesia. The analysis highlights that futures, options, and swaps rely on price predictions without actual asset ownership, risking violations of al-mal and al-bay’ principles. National regulations, including DSN-MUI Fatwa No. 80/DSN-MUI/III/2011, OJK, and BEI, have not explicitly addressed Sharia-compliant derivatives, while public literacy remains low. Alternatives through salam, istisna’, and urbun contracts show potential for real-based derivative contracts that minimize gharar and maysir while adhering to Sharia principles. Financial technologies such as blockchain and smart contracts can enhance transparency, efficiency, and compliance. Practical implications include strengthening Sharia derivative regulations, increasing digital literacy and public education, and innovating products responsive to domestic and global market needs. Through collaborative strategies among regulators, academics, industry, and religious authorities, Sharia derivatives can become strategic instruments to expand financial inclusion, strengthen market integrity, and support the growth of Indonesia’s Islamic finance industry. This study provides a conceptual foundation for regulation development, instrument design, and public education regarding Sharia derivatives in Indonesia
Derivative Transactions in Stock Exchanges: Between Gharar and Speculation Sutisno; Indra Permana; Sumarta
Lentera Peradaban: Journal on Islamic Studies Vol. 1 No. 3 (2025)
Publisher : Penerbit Hellow Pustaka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61166/lpi.v1i3.14

Abstract

This study aims to analyze derivative transactions in the stock exchange from the perspective of Islamic law, focusing on the concepts of gharar (uncertainty) and speculation. Employing a comprehensive literature review design, the research examines both classical and contemporary Islamic sources, as well as relevant capital market regulations. The findings reveal that purely speculative derivatives (such as futures and options without physical delivery) contain excessive gharar and are therefore problematic under Sharia principles. In contrast, derivatives designed for risk management (hedging), such as Salam Futures, Istisna’ Futures, or Ijarah-based Options, show potential compliance with Sharia when structured with clear limitations and subject to strict supervision. The implications highlight the need for a more comprehensive regulatory framework for Sharia-compliant derivatives, the development of products based on Islamic contracts, and the enhancement of Sharia financial literacy in Indonesia. The originality of this research lies in its in-depth integration of gharar and speculation analysis in the context of derivatives, offering practical guidance for the development of modern Sharia-compliant financial instruments.
Sarana Perang Pemikiran Dalam Media Digital: Kajian Kritis Fajar Syahrul Ramadhan; Vio Rianda Efendi; Sumarta
Lentera Peradaban: Journal on Islamic Studies Vol. 1 No. 3 (2025)
Publisher : Penerbit Hellow Pustaka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61166/lpi.v1i3.17

Abstract

Penelitian ini bertujuan untuk menganalisis sarana perang pemikiran dalam media digital melalui kajian kritis. Dengan menggunakan desain penelitian studi pustaka atau tinjauan literatur, penelitian ini mengidentifikasi berbagai taktik dan strategi yang digunakan dalam perang pemikiran di ruang digital, termasuk penyebaran disinformasi, propaganda, manipulasi algoritma, dan pembentukan opini publik. Temuan utama menunjukkan bahwa media digital telah menjadi medan pertempuran utama bagi ideologi dan narasi, di mana aktor-aktor tertentu secara sistematis memanfaatkan platform digital untuk memengaruhi persepsi, keyakinan, dan perilaku audiens. Implikasi penelitian ini menyoroti urgensi bagi pembuat kebijakan, praktisi media, dan masyarakat umum untuk meningkatkan literasi digital dan mengembangkan strategi kontra-narasi yang efektif guna membendung dampak negatif perang pemikiran. Secara lebih luas, penelitian ini menggarisbawahi pentingnya kerangka regulasi dan etika yang kuat untuk memastikan integritas informasi di era digital. Orisinalitas penelitian ini terletak pada sintesis komprehensif terhadap berbagai dimensi perang pemikiran dalam konteks media digital di Indonesia, serta penekanan pada implikasi praktis dan rekomendasi kebijakan untuk mengatasi fenomena ini.
Co-Authors Ahmad, Yousef Bani Arifin, Bambang Samsul Burhanudin Denis Sasmita Dewi, Adinda Kharisma Dewi, Indah Purnama Dinata Firmansyah Eka Maulana Faiz Musthofa Abbas Fajar Syahrul Ramadhan Fauzi Miftakh H. Acep Bahrum Kamil Hanif Abdulah Riyadi Indra Permana Kusrin Listian Indriyani Achmad Mustofa Mustofa Nenda Putri, Adinda Anugrah Rifqi Romlah sarwo edy Sunaryati Sutisno Ulinniam Vio Rianda Efendi