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Aset Digital untuk Wakaf Produktif Tuasikal, Muhammad Abduh
Jurnal Samudra Ekonomi dan Bisnis Vol 15 No 3 (2024): JSEB
Publisher : Fakultas Ekonomi Universitas Samudra

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

The research examines Islamic law and formal law related to waqf with a focus on the potential of digital assets as productive waqf assets. So far, waqf research has mostly discussed movable and immovable objects, while digital assets, despite their great potential, are rarely discussed as mawquf (waqf assets). This research reviews the waqf rules on digital assets and how they can be utilised to fund social, educational, health, and religious programmes. Using the literature review method, the results show that digital assets, such as cryptocurrencies, NFTs, and digital documents, can be identified with certainty and provide sustainable benefits, making them suitable for productive waqf for the benefit of the ummah in the future.
Aset Digital untuk Wakaf Produktif Tuasikal, Muhammad Abduh
Jurnal Samudra Ekonomi dan Bisnis Vol 15 No 3 (2024): JSEB
Publisher : Fakultas Ekonomi dan Bisnis Universitas Samudra

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33059/jseb.v15i3.10852

Abstract

The research examines Islamic law and formal law related to waqf with a focus on the potential of digital assets as productive waqf assets. So far, waqf research has mostly discussed movable and immovable objects, while digital assets, despite their great potential, are rarely discussed as mawquf (waqf assets). This research reviews the waqf rules on digital assets and how they can be utilised to fund social, educational, health, and religious programmes. Using the literature review method, the results show that digital assets, such as cryptocurrencies, NFTs, and digital documents, can be identified with certainty and provide sustainable benefits, making them suitable for productive waqf for the benefit of the ummah in the future.
Cryptocurrency Volatility, Gharar, and Risk Perception in Islamic Economics: A Qualitative Descriptive Study Tuasikal, Muhammad Abduh; Mubarak, Jaih; Ibdalsyah; Sanrego, Yulizar Djamaluddin
Jurnal Ilmiah Akuntansi Kesatuan Vol. 13 No. 6 (2025): JIAKES Edisi Desember 2025
Publisher : Institut Bisnis dan Informatika Kesatuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37641/jiakes.v13i6.4327

Abstract

The rapid growth of cryptocurrency investors in Indonesia has sparked debates about its legal status within Islamic jurisprudence. A key focus is the extreme price volatility of cryptocurrencies and whether this should be classified as gharar (excessive uncertainty) or simply as market risk. This study utilizes a normative-legal and doctrinal approach to differentiate between volatility, an inherent characteristic of modern financial instruments, and gharar, a prohibited element in Islamic contracts. The primary data for this research is sourced from classical fiqh texts and contemporary fatwas, while secondary data includes regulations and indexed academic studies on financial volatility. The findings indicate that although cryptocurrencies display higher volatility compared to stocks and gold, not all fluctuations can be classified as gharar fāḥish (excessive uncertainty). Instead, volatility should be viewed as market risk (al-ghurm), which is measurable, manageable, and tolerable under Islamic law, provided that transparency and risk-sharing mechanisms are in place. The study concludes that cryptocurrencies can be considered lawful property under Islamic law when they are free from ribā (usury), maysir (gambling), and excessive gharar, thereby providing a solid foundation for issuing fatwas and designing regulations.