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Journal : al-Afkar, Journal For Islamic Studies

Flexibility of Al-Ijarah Contract Perspective of Islamic Economic Law Mugni Muhit; Sofyan Al-Hakim UIN; Iwan Setiawan
al-Afkar, Journal For Islamic Studies Vol. 7 No. 1 (2024)
Publisher : Perkumpulan Dosen Fakultas Agama Islam Indramayu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31943/afkarjournal.v7i1.888

Abstract

Islam became a new form of authority in the 7th century after the fall of the Roman empire. The fall and destruction of this civilization was followed by the emergence and growth of various new civilizations that were just as impressive and proud. Other fields of life, including Islamic economics, are also developing simultaneously in line with culture, science and technology. Historical facts show that Islam is a comprehensive system of life that regulates all dimensions of life, including Islamic law (Islamic law), social, economic and political, and all aspects of spiritual life. According to the study of the history of Islamic law, from the time of the Prophet until the death of the Prophet Muhammad. there is no sharia problem in society that cannot be solved. This is because whenever a problem arises with sharia (Islamic law), its resolution is always left to the authority of the Prophet Muhammad who has received divine guidance from Allah Swt. Directly. Rasulullah Saw. has many legal precedents. The Companions said this clearly at the time and the Qur'an did not explain it.
Dynamics of Monetary Policy Comparative Study Between Indonesia and Malaysia Mugni Muhit; Yadi Janwari; Sofyan Al-Hakim
al-Afkar, Journal For Islamic Studies Vol. 7 No. 2 (2024)
Publisher : Perkumpulan Dosen Fakultas Agama Islam Indramayu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31943/afkarjournal.v7i2.1043

Abstract

In countries that embrace a dual banking system, such as Indonesia and Malaysia, the monetary policy implemented is also a multiple monetary policy. Both Islamic and conventional monetary policies have the same goal, which is to create stable money value and full employment. This article aims to analyze the transmission of convergence monetary policy implemented by Indonesia and Malaysia with two objectives: first, to identify the transmission channel of dual monetary policy in Indonesia and Malaysia; second, to compare the effectiveness mechanism of dual monetary policy implementation in Indonesia and Malaysia. The analysis of several empirical studies concludes that the transmission channels, both Islamic and conventional in the monetary policy of dual banking system in Indonesia and Malaysia are the same, but the tendency of the channel depends on the real conditions of each country's economy. The mechanism of the effectiveness of monetary policy transmission in Indonesia and Malaysia is almost similar, namely the transmission instruments of Islamic monetary policy and or elements of Islamic banking that can withstand inflation as well as increase economic growth and development.
The Ijtihad Methodology of the Persatuan Islam Hisbah Council In the Determination of Islamic Law Mugni Muhit; Jajang Herawan; Ending Solehudin
al-Afkar, Journal For Islamic Studies Vol. 6 No. 4 (2023)
Publisher : Perkumpulan Dosen Fakultas Agama Islam Indramayu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31943/afkarjournal.v6i4.823

Abstract

This research examines and studies the Ijtihad of the Persatuan Islam Hisbah Council in determining Islamic Law. Persatuan Islam is one of the renewal movements that was established in 1923 AD. Persatuan Islam conducted ijtihad through the Persis Ulama Council which later changed its name to the Persatuan Islam Hisbah Council. The Hisbah Council is an Persatuan Islam Legal Institution that functions as a council of consideration, sharia studies, and fatwas in the Persatuan Islam jam'iyyah. The legal studies of the Persatuan Islam Hisbah Council have produced many Islamic legal thoughts, including the law of prayer in two languages, the law of Friday prayer for travelers, raising hands when praying, the position of zakat and taxes, and waqf money, as well as inheritance from non-Muslims. The method of the Hisbah Council in making legal decisions is to base it on the Qur'an and Sahih Hadith, as the main reference and reference for determining Islamic law, and to make ijtihad on issues that are not found in the Qur'an and Hadith of the Prophet.