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Islamic Values, Governance, and Poverty Alleviation: Empirical Evidence from the Perspective of Middle Eastern and North African Countries Risangaji, Syafiqri Aestro; Darwanto
Jurnal Ekonomi Syariah Teori dan Terapan Vol. 11 No. 3 (2024): Agustus-2024
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/vol11iss20243pp334-345

Abstract

This study analyzes the relationship between the Islamic Human Development Index (I-HDI), Zakat, and institutional quality in addressing poverty in the Middle East and North Africa (MENA) region. Using panel data, researchers measured the relationship of these three instruments to poverty in Algeria, Lebanon, Morocco, Egypt, and Jordan from 2011 to 2022. The results indicate that increases in I-HDI scores and institutional quality, represented by variables such as voice and accountability, regulatory quality, and control of corruption, have a significant negative impact on the poverty level. Surprisingly, Zakat was found to be insignificant. This suggests that although Zakat plays an important role in wealth redistribution and meeting the needs of vulnerable communities, challenges such as administrative inefficiencies and economic and political instability in the MENA region can diminish its impact on poverty alleviation. These findings provide important insights for policymakers in efforts to reduce poverty and promote inclusive development in the MENA region, highlighting the need for a holistic approach that considers various factors to achieve optimal results.
Islamic Circular Economy in Business Practice and Islamic Finance: A Systematic Literature Review Fathma, Azizah; Thoriq Alfarisi, Muhammad; Darwanto
Journal of Islamic Economic Laws Vol. 8 No. 02 (2025): July
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v8i02.11697

Abstract

Global environmental crises, including climate change, natural resource degradation, and increasing waste, pose significant challenges to conventional linear economic systems. In response, the circular economy has emerged as an alternative model emphasizing resource reduction, reuse, and recycling. However, scholarly work examining its integration with Islamic values remains fragmented. This study addresses this gap through a systematic literature review of 11 Scopus-indexed publications (2019-2024) conducted according to PRISMA guidelines. The method employed in this research is a literature review, which aims to describe the existing research landscape on the circular economy from an Islamic perspective, drawing on relevant and current academic literature. The analysis reveals two themes in circular economy research from an Islamic perspective: First, the concept of Islamic Circular economy in business practice, such as khalifah fil ardh (stewardship), tawazun (balance), maslahah (public benefit), and the prohibition of israf (waste), demonstrates intrinsic compatibility with circular economy goals. Second, the Islamic finance sector, with its blended financial models, Islamic social finance instruments, and green sukuk, offers viable financing alternatives for circular economy initiatives. The findings provide a foundational mapping for future research to further develop Islamic circular economy models, particularly through empirical validation and practical implementation strategies in both financial and business domains.