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Potential of Shariah Economy in Promoting Sustainable Economic Development in Indonesia Haninah, Asytiya; Choiri, Miftakhul
JEMBA: Jurnal Ekonomi Pembangunan, Manajemen & Bisnis, Akuntansi Vol. 5 No. 2 (2025): JEMBA : Jurnal Ekonomi Pembangunan, Manajemen dan Bisnis, Akuntansi
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Palangka Raya (UPR)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52300/jemba.v5i2.21168

Abstract

Sharia economy is increasingly gaining attention as an alternative to a just and sustainable economic system. In the context of economic development, the sharia approach is not only oriented towards growth, but also pays attention to aspects of distribution, ethics, and social welfare. This article discusses the potential of sharia economy in driving sustainable economic development in Indonesia by highlighting the role of sharia financial institutions, zakat instruments, waqf, and microfinance. The methods used are literature studies and qualitative descriptive analysis. The results of the study indicate that sharia economy has an effective mechanism in reducing poverty, empowering communities, and creating an inclusive economic system. However, to maximize its contribution, strengthening regulations, increasing public literacy, and collaboration between the government, private sector, and religious institutions are needed
Unveiling Human Flourishing: A Maqashid Al-Shariah Based Human Development Index in Indonesia Gunawan, Dedi; Amal, Muhammad Ahsanul; Choiri, Miftakhul
Dirham: Journal of Sharia Finance and Economics Vol. 1 No. 2 (2025): July
Publisher : Goodwood Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/josfe.v1i2.3812

Abstract

Purpose: This study investigates the influence of the Maqashid al-Shariah framework—covering the protection of religion (Hifzu al-Din), life (Hifzu al-Nafs), intellect (Hifzu al-Aql), progeny (Hifzu al-Nasl), and property (Hifzu al-Mal)—on Indonesia's Human Development Index (HDI). Methodology: The study employs a qualitative approach, using Eviews-12 software for data analysis, particularly utilizing panel data regression techniques. The sample comprises eight Indonesian provinces: Papua, West Papua, East Nusa Tenggara, West Sulawesi, West Kalimantan, West Nusa Tenggara, North Maluku, and Gorontalo, covering the years 2019-2022. Results: The analysis reveals that the protection of religion (Hifzu al-Din) and intellect (Hifzu al-Aql) significantly affect Indonesia's HDI. However, the protection of life (Hifzu al-Nafs), offspring (Hifzu al-Nasl), and property (Hifzu al-Mal) do not show statistically significant direct impacts on HDI. Conclusion: This study concludes that Maqashid al-Shariah’s framework, specifically religion and intellect protection, plays a significant role in enhancing HDI. This research highlights the relevance of integrating Islamic values into human development measures. Limitations: A limitation of this study is the reliance on data from only eight provinces, which may not represent the broader context of Indonesia. Contribution: This research offers a novel perspective by applying the Maqashid al-Shariah framework to assess human development indicators in Indonesian provinces, contributing to the development of an Islamic approach to human development.
Pengaruh Pemanfaatan Dana Zakat dalam Mengentaskan Pertumbuhan Ekonomi Serta Kemiskinan di Provinsi Sumatera Utara Naili Nuril Aufa Manik; Miftakhul Choiri
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 7 No. 8 (2025): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/alkharaj.v7i8.7990

Abstract

Poverty reduction in Indonesia is the government's main focus in achieving the goals of economic development and better welfare of the population. In the Islamic context, there is an order to pay zakat. As a country with a majority Muslim population, it is hoped that the implementation of zakat can be a solution to overcome the problem of poverty. The obligation to pay zakat is an integral part of Muslim religious practice. This research aims to explore how the management and use of zakat can play a role in reducing poverty in North Sumatra Province. The research method used is quantitative. The research results show that variable population growth does not have a significant influence on zakat, with a probability value of 39%. However, variable poverty shows a significant influence on zakat.