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Trilogy of the Islamic Monetary System; Exploring the Proposits of Naqli as the Theological, Cosmological and Anthropological Basis of the Islamic Monetary System Aris Fauzin; Sofyan Al-Hakim; Iwan Setiawan
al-Afkar, Journal For Islamic Studies Vol. 7 No. 4 (2024)
Publisher : Perkumpulan Dosen Fakultas Agama Islam Indramayu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31943/afkarjournal.v7i4.1143

Abstract

This article discusses the Trilogy of Islamic Monetary System with a focus on the exploration of naqli postulates as the theological, cosmological, and anthropological foundations of the Islamic monetary system. In this research, a qualitative descriptive method is used. In this case, the analysis is carried out by digging and exploring the understanding of Islamic principles contained in the Qur'an and As-Sunnah as a guide to building a monetary system that is in accordance with the values of Islamic teachings. The research discussion in this article is focused on three perspectives, namely: Theological, cosmological, and anthropological perspectives. In the theological perspective, this article identifies key concepts such as the principle of tawhidullah, God as the regulator of human sustenance, and obedience to God's law as the foundation for designing a just monetary system. From a cosmological point of view, this research investigates the relationship between the Islamic monetary system and the order of the universe, outlining how the principles of Islamic economics reflect harmony with God's other creatures. Meanwhile, in the anthropological aspect, the article analyses how the Islamic monetary system pays attention to human needs and rights, creating social and economic balance. The study concludes that this trilogy of Islamic monetary system enlightens the importance of understanding and applying naqli postulates in designing a holistic monetary system, encompassing theological, cosmological, and anthropological dimensions to achieve balance and blessings in the economic life of Muslims.
Metodologi Al-Fiqh Al-Muqāran: Pendekatan dan Dampaknya Pada Perbedaan Pendapat Fiqh Wipkil Bashor; Muhammad Furqon Almurni; Sofyan Al-Hakim; Jajang Komaludin; Jajat Sudrajat
IQTISHOD: Jurnal Pemikiran dan Hukum Ekonomi Syariah Vol. 4 No. 1 (2025): Volume 4 Nomor 1 Tahun 2025
Publisher : STAI Al-Mas'udiyah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69768/ji.v4i1.68

Abstract

This research focuses on exploring the methods used by scholars in studying comparative fiqh (al-Fiqh al-Muqāran), the reasons behind differing opinions among them, and the benefits that can be gained from studying comparative fiqh. Utilizing a literature study approach and descriptive analysis, this research reveals that: (1) The process of comparative fiqh is conducted through comparison and critique of contradictory opinions to achieve scientific clarity, which includes weighing, identifying similarities and differences, investigating the reasons for differences, and finding solutions through compromise or selecting the more argumentatively strong opinion. (2) Factors causing differences in opinion among jurists include differences in qirā’ah (recitations), irāb (grammatical inflection), ḥadīth narrations, text interpretation, sources of legal deduction (istinbāṯ), and methods of integrating and prioritizing contradictory evidence. (3) The benefits of studying al Fiqh al Muqāran include understanding the basic principles of fiqh schools, the ijtihad approach of the jurists, their method of legal reasoning (istinbāt), and their critique of evidence. Additionally, this study aids in developing fiqh skills, expanding the understanding of ijtihad and its flexibility, understanding the ethics of scholars in dealing with differing opinions to reach the truth, and appreciating the strong foundations behind these differences. This research offers significant insights into the importance of comparative fiqh in enriching Islamic understanding, valuing diversity of opinion, and promoting an attitude of tolerance and respect in the discourse of Islamic scholarship.
Implementasi Akad Bai’ al-‘Inah Dalam Praktek Ekonomi Islam Di Malaysia Perpektif Ulama Kontemporer Aulia Nurhikmah; Farid Madani; Muhammad Fauzan Januri; Sofyan Al-Hakim
J-CEKI : Jurnal Cendekia Ilmiah Vol. 4 No. 5: Agustus 2025
Publisher : CV. ULIL ALBAB CORP

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56799/jceki.v4i5.10686

Abstract

Akad Bai’ al-‘Inah merupakan salah satu bentuk transaksi jual beli dalam Islam yang bertujuan untuk memenuhi kebutuhan likuiditas tanpa melanggar prinsip larangan riba. Akad ini melibatkan dua transaksi: penjualan suatu barang oleh penjual kepada pembeli secara tunai, kemudian pembeli menjual kembali barang tersebut kepada penjual semula secara cicilan atau kredit dengan harga yang lebih tinggi. Meskipun bentuknya dianggap sah oleh sebagian ulama, akad ini tetap menimbulkan kontroversi karena substansinya menyerupai pinjaman berbunga. Di Malaysia, Bai’ al-‘Inah telah diimplementasikan secara luas dalam industri keuangan Islam, terutama oleh lembaga perbankan sebagai instrumen pembiayaan pribadi dan modal kerja. Implementasi modern di Malaysia menunjukkan adanya regulasi ketat dari Bank Negara Malaysia serta Dewan Syariah Nasional guna memastikan praktik ini sesuai dengan maqasid al-shariah. Studi ini menganalisis secara kritis penerapan akad Bai’ al-‘Inah di Malaysia, dengan fokus pada relevansi, keabsahan, serta tantangan etis dalam praktik kontemporernya. Penelitian ini menggunakan pendekatan kualitatif dengan studi deskriptif-normatif dilihat dari aspek literatur dan telaah fatwa serta kebijakan regulator sebagai sumber utama. Temuan menunjukkan bahwa meskipun terdapat pembenaran syariah, sebagian pihak masih mempertanyakan keaslian tujuan syariah dalam praktik akad ini di era modern.
Dialektika Fikih Musyarakah Mutanaqisah: Analisis Kritis Penerapannya dalam Pembiayaan Perumahan Syariah di Indonesia Abdul Fattah; Sofyan al-Hakim; Fauzan Januri
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 7 No. 9 (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.v7i9.9233

Abstract

This paper presents a comprehensive analysis of the jurisprudential dialectic surrounding the application of the Musyarakah Mutanaqisah (MMQ) contract in Islamic housing finance in Indonesia. MMQ, as a sophisticated Islamic jurisprudential (fiqh) innovation, is designed to offer an equitable alternative to debt-based financing models. However, this study identifies a fundamental tension between the ideals of fiqh and the realities of its implementation in the Indonesian financial market. The main findings indicate that although MMQ is theoretically a genuine partnership product that accommodates scholarly differences of opinion (ikhtilaf), its practical application often faces significant challenges. These challenges include a substantial gap in risk-sharing mechanisms, where risks tend to be disproportionately transferred to the customer; a fundamental conflict with the national legal framework concerning collateral (the Mortgage Law or Undang-Undang Hak Tanggungan), which is based on a debtor-creditor relationship; and a critical evaluation of its fulfillment of the higher objectives of Islamic law (Maqasid al-Shariah). This paper concludes that despite MMQ's strong jurisprudential and regulatory legitimacy from the National Sharia Council of the Indonesian Ulema Council (DSN-MUI) and the Financial Services Authority (OJK), there is a "substantive gap" that needs to be addressed for this product to realize the essence of justice and partnership that forms its philosophical foundation.