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All Journal Share: Jurnal Ekonomi dan Keuangan Islam Islamic Micro Finance Journal Journal of Business Improvement
Azwar Cholili
Universitas Surabaya
Religion Economics, Econometrics & Finance Social Sciences

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The Perspective of Maqashid Al-Sharia Theory in the Formulation of DSN Fatwas on Stocks Cholili, Azwar; Muslih, Imam; Maghfiroh, Anisatul; Muttaqin, Muh. Syaukin; Yasid, Abu
Islamic Micro Finance Journal Vol. 1 No. 1 (2024): Edisi I, Februari 2024
Publisher : Institut Agama Islam Al-Fatimah Bojonegoro

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Abstract

The capital market, as an innovation product that is an important tool in contemporary economic life, can bring the economy towards implementing Sharia principles and goals in the economic field. With the emergence of the Jakarta Islamic Index (JII), the differences between conventional and sharia capital markets are increasingly visible. By making JII a place to sell Sharia shares, customers can consider whether the Sharia capital market only depends on whether the shares being traded are halal or haram. In addition, there is a need for legal clarification regarding the actions of market players and the differences that exist between investors and speculators. Principles and objectives of Sharia economics. Utilizing the capital market to achieve beneficial objectives according to Islamic economic principles does not necessarily mean complying with Sharia
Retail Sukuk from the Perspective of Maqashid Al-Sharia Cholili, Azwar; Muslih, Imam; Muttaqin, Muh. Syaukin; Maghfiroh, Anisatul; Arifin, Sirajul
Islamic Micro Finance Journal Vol. 1 No. 2 (2024): Edisi II, Juni 2024
Publisher : Institut Agama Islam Al-Fatimah Bojonegoro

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One of the products offered in the capital market is sharia bonds (sukuk). This is a huge attraction for businesses and governments. By raising funds through the issuance of sukuk, companies and governments have access to significant resources that can be used to increase lending to Islamic financial institutions. The need for the business world and government to build infrastructure and expand private businesses is one way to activate alternative sources of financing for the business world and national economic development. In addition, there is a need for legal clarification regarding the actions of market players and the differences that exist between investors and speculators. According to Islamic law, sukuk falls into the category of muamalah, where its Sharia compliance allows innovation while adhering to the goals, principles, and objectives of Sharia economics. Utilizing sukuk to achieve beneficial objectives according to Islamic economic principles does not mean immediately enacting sharia without a clear legal basis
The Role of Istiḥsān in the Dynamism of Muamalah Jurisprudence Maghfiroh, Anisatul; Muslih, Imam; Cholili, Azwar; Muttaqin, Muh. Syaukin; Yasid, Abu
Islamic Micro Finance Journal Vol. 1 No. 2 (2024): Edisi II, Juni 2024
Publisher : Institut Agama Islam Al-Fatimah Bojonegoro

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Abstract

Modern economic and social developments brought Muslim societies into the context of increasingly complex transactions, including banking, insurance, and others. This challenge raises new problems that are not only solved by the sources of Qur'anic law and hadith. Istiḥsān is a method of establishing law that is postulated in Hanafi fiqh, although its existence is still debated among fiqh scholars. This paper aims to examine the role of Istiḥsān as a method to find Islamic law, especially in the field of muamalah law. This research uses a desk-based research method, which includes searching relevant literature for data, compiling journal articles and books covering the subject matter of the research topic, and systematic analysis of the information obtained. The results of research in this paper show that istihsan is an important option in determining muamalah law, such as istitsna' transactions and bank interest, which can currently be settled by the istihsan method. In addition, istihsan also has the basic goal of eliminating mudharat and achieving maslahah
The Prospects of Islamic Economics in the Era of Prabowo-Gibran Leadership Basri, Achmad Hasan; Maghfiroh, Anisatul; Muslih, Imam; Cholili, Azwar; Muttaqin, Muh. Syaukin; Arifin, Ali
Journal of Business Improvement Vol 1 No 2 (2024): Edisi II, Juni 2024
Publisher : Institut Agama Islam Al-Fatimah Bojonegoro

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Abstract

This study aims to analyze in depth the prospects of the Islamic economy in Indonesia during the Prabowo-Gibran leadership era, identify the opportunities and challenges faced, and formulate strategy recommendations to encourage comprehensive and sustainable Islamic economic growth. Using a qualitative approach through literature study, this study collects and analyzes various related literature sources, such as books, journals, research reports, and other relevant written sources. This research also examines Prabowo-Gibran's vision, mission, and work program related to the development of the Islamic economy in Indonesia. The results showed that the Prabowo-Gibran leadership era had great opportunities in the development of the Islamic banking and finance industry, the Islamic economic sector in the fields of trade, halal tourism, and MSMEs, as well as increasing public literacy and education about the Islamic economy. Supportive regulations and policies, financing, and Islamic economic diplomacy in the global arena are also important prospects in this era. However, the main challenges faced include the availability of competent human resources, competition with conventional economic systems, and harmonization of policies between the center and the regions. This research provides recommendations for strategies that can be applied by the Prabowo-Gibran administration to optimize opportunities and overcome challenges in the development of the Islamic economy in Indonesia
The Value of Maslahah in the Application of Istihsan and Its Implementation in Cash Waqf Linked Sukuk Cholili, Azwar; Maghfiroh, Anisatul; Muslih, Imam; Muttaqin, Muh. Syaukin; Arifin, Sirajul
Journal of Business Improvement Vol 1 No 1 (2024): Edisi I, Februari 2024
Publisher : Institut Agama Islam Al-Fatimah Bojonegoro

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Abstract

Modern economic and social developments brought Muslim societies into the context of increasingly complex transactions, including banking, etc. This challenge raises new problems that are not only solved by the sources of Qur'anic law and hadith. Istiḥsān is a method of establishing law that is postulated in Hanafi fiqh although its existence is still debated among fiqh scholars. This paper aims to examine the value of maslahah in the application of Istiḥsān. This research uses a desk-based research method, which includes searching relevant literature for data, compiling journal articles and books covering the subject matter of the research topic, and systematic analysis of the information obtained.  The results of research in this paper show that istihsan uses maslahah mursalah as a method to get to maqashid shari'ah
Cultural Values as Anti-Fraud Strategy: Lessons from Islamic Schools Setiawan, Nanang; Cholili, Azwar
Share: Jurnal Ekonomi dan Keuangan Islam Vol. 12 No. 2 (2023)
Publisher : Faculty of Islamic Economics and Business, Universitas Islam Negeri Ar-Raniry

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22373/share.v12i2.20120

Abstract

This study investigates the potential of cultural values as anti-fraud strategies in Islamic schools, with a specific focus on institutions in Surabaya. Utilizing a qualitative case study approach, the research gathered data through direct observation and unstructured interviews with informants. The findings underscore the importance of five core cultural values: honesty, trust, mutual cooperation, mutual respect, and mutual care. The study concludes that the implementation of these values is crucial in fostering financial reporting accountability and reducing the risk of fraud within the school environment. These insights can benefit not only educational institutions but also other organizations by providing valuable guidance for developing internal anti-fraud programs based on the internalization of cultural values. By understanding how these values contribute to a trustworthy and ethical internal environment, institutions can proactively anticipate and minimize the potential for fraudulent activity.==============================================================================================================ABSTRAK – Nilai Budaya sebagai Strategi Anti Kecurangan: Kajian dari Sekolah Islam. Penelitian ini bertujuan untuk mengeksplorasi strategi pencegahan kecurangan melalui implementasi nilai-nilai budaya di Sekolah Islam di Surabaya. Penelitian ini bersifat kualitatif melalui metode studi kasus dengan data yang dikumpulkan secara observasi langsung di lokasi penelitian dan wawancara tidak terstruktur dengan sejumlah informan. Hasil kajian menunjukkan bahwa nilai-nilai budaya yang diimplementasikan di sekolah adalah: kejujuran, amanah, gotong royong, saling menghargai, dan saling peduli. Implementasi nilai-nilai budaya tersebut terbukti menjadi faktor utama dalam membentuk akuntabilitas pelaporan keuangan dan mencegah terjadinya kecurangan di lingkungan sekolah. Hasil ini dapat menjadi panduan tidak hanya bagi lembaga pendidikan tetapi juga berbagai organisasi lainnya dalam membangun program pencegahan kecurangan internal dengan internalisasi nilai-nilai budaya tersebut. Pemahaman akan pentingnya nilai-nilai tersebut berkontribusi terhadap meningkatnya kepercayaan dan terciptanya lingkungan internal yang beretos kerja baik sehingga dapat meminimalisir berbagai potensi kecurangan.
Co-Authors Abu Yasid Achmad Hasan Basri Ali Arifin, Ali MAGHFIROH, ANISATUL Muslih, Imam Muttaqin, Muh. Syaukin Nanang Setiawan Sirajul Arifin