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All Journal TSAQAFAH Suhuf: International Journal of Islamic Studies
Fatoni, Muhammad Iqbal
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Religion Economics, Econometrics & Finance Education Law, Crime, Criminology & Criminal Justice Social Sciences

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Can Al-Faruqi’s Islamization Deals with Islamic Economics? Revisiting Al-Faruqi’s Islamization of Economics Ma'ruf, Aminudin; Kurniawan, Adityo Wiwit; Fatoni, Muhammad Iqbal; Alam, Shahbaz; Hakim, Lukmanul
TSAQAFAH Vol. 19 No. 2 (2023): Tsaqafah Jurnal Peradaban Islam
Publisher : Universitas Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/tsaqafah.v19i2.9337

Abstract

This study attempts to examine al-Faruqi’s Islamization of knowledge concept in relation to Islamic economic studies. The paper employs a qualitative research method with the library and literature study approach. The study finds that al-Faruqi’s concept of Islamization of knowledge has put the fundamental principles of Islamization of economics. The concept covers the steps of mastery of the modern discipline, disciplinary survey, and mastery of the Islamic heritage. The study henceforth urges stakeholders of Islamic economic studies to consider al-Faruqi’s Islamization concept in their development of Islamic economic sciences. Furthermore, the paper encourages future research on exploring the application of al-Faruqi’s Islamization of knowledge concept driving the future of Islamic studies.
Does Islamic Banking Contribute to Increasing Public Welfare? Evidence from Indonesian Province Panel Data Rezeki, Fuzi Amali Sri; Limayyasa, Risma; Mufti, Fauzan Ali; Widhansetyati, Purwanti; Syarief, Mochamad Edman; Setiawan, S; Fatoni, Muhammad Iqbal
Suhuf: International Journal of Islamic Studies Vol. 36 No. 1 (2024): Mei
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/suhuf.v36i1.4474

Abstract

One of the Sustinable Development Goals (SDGs) targets in Indonesia is to increase the level of public welfare that can be represented in GRDP per capita. Therefore, the purpose of this study is to determine whether Islamic banking through Islamic Commercial Banks (BUS), Islamic Business Units (UUS) and Sharia Rural Banks (BPRS) in 33 provinces in Indonesia, has contributed to GRDP per capita during the 2015-2022 period. GRDP per capita as a proxy indicator for the level of public welfare to encourage the achievement of the sustainable development goals (SDGs) target. This study uses panel data regression analysis because the data is time series and cross section. The size of the Islamic banking contribution uses Islamic Bank Office (IBO), Financing and Third-Party Funds (TPF) variables in 33 provinces in Indonesia. Meanwhile, the size of the welfare level of a region uses Gross Regional Domestic Product (GRDP) per capita data. The findings of this study show that the IBO, financing, and TPF variables simultaneously have a significant positive effect on GRDP. However, partially, the IBO variable has a significant negative effect on GRDP, the financing variable has a significant positive effect on GRDP, and the TPF variable has no effect on GRDP.
Co-Authors Alam, Shahbaz Aminudin Ma'ruf Kurniawan, Adityo Wiwit Limayyasa, Risma Lukmanul Hakim Mufti, Fauzan Ali Rezeki, Fuzi Amali Sri Setiawan, S Syarief, Mochamad Edman Widhansetyati, Purwanti