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Wakaf Uang dalam Ekosistem Ekonomi Digital: Solusi Keuangan Islam untuk Era Industri 4.0 Hasan, Zaenol; Musari, Khairunnisa; Makki, Mustaqim
TAWAZUN: Journal of Sharia Economic Law Vol 8, No 1 (2025): Tawazun: Journal of Sharia Economic Law
Publisher : Sharia Faculty Islamic Economic Law Study Department

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/tawazun.v8i1.31106

Abstract

The advancement of the digital economy in the Fourth Industrial Revolution era has created new opportunities for optimizing Islamic financial instruments, including cash waqf. This study aims to conceptualize the digital transformation of cash waqf by exploring its fundraising mechanisms, product integration with Islamic fintech platforms, and governance models in the digital ecosystem. Employing a qualitative descriptive approach with library research methodology, this study utilizes a systematic literature review (SLR) to examine relevant academic sources and regulatory documents. The findings reveal that: (1) online fundraising through digital payment systems and Islamic crowdfunding platforms has significantly enhanced public participation and accessibility; (2) product innovation such as waqf-based insurance, corporate waqf, and share waqf has been facilitated through fintech integration, aligning with the objectives of maqasid al-shariah; and (3) digital governance models incorporating blockchain and good corporate governance (GCG) principles have improved transparency, accountability, and institutional credibility. This study contributes to Islamic economic literature by offering a theoretical framework that synthesizes classical waqf principles with modern financial technology. It also highlights the potential of digital cash waqf as a transformative tool for inclusive socio-economic empowerment, while noting the need for improved digital literacy, regulatory frameworks, and inter-sectoral collaboration.
Repositioning Pesantren in Islamic Economics: From Educational Authority to Socio-Economic Enterprise Zaenol Hasan; Kafa Nial Agil Eltamamy; Khamdan Rifa'i; Mahmudah Mahmudah; Endang Susilawati
FALASIFA : Jurnal Studi Keislaman Vol 17 No 01 (2026)
Publisher : UAS PRESS

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62097/falasifa.v17i01.2995

Abstract

This study examines the transformation of pesantren within the framework of Islamic economics, focusing on their repositioning from traditional religious-educational institutions into socio-economic enterprises. While previous studies have primarily emphasized the educational and da‘wah functions of pesantren, limited attention has been given to their expanding economic roles and institutional transformation. To address this gap, this study employs a qualitative library research design using a text-based analytical approach. The analysis draws upon academic literature, institutional perspectives, and regulatory frameworks, particularly Law Number 18 of 2019 concerning Pesantren. The findings reveal that pesantren are increasingly integrating economic functions into their institutional structures through the establishment of cooperatives, micro-enterprises, entrepreneurial initiatives, and sharia-compliant financial activities. This development reflects the emergence of a hybrid institutional model that combines religious authority, educational functions, and socio-economic engagement within a single organizational framework. The study further demonstrates that pesantren contribute to broadening the scope of Islamic economics by promoting community-based, ethically grounded, and socially embedded economic practices. In addition, legal recognition has played a significant role in legitimizing and strengthening pesantren’s economic transformation, although challenges related to governance, managerial capacity, and institutional sustainability remain substantial. This research contributes to the discourse of Islamic economics by conceptualizing pesantren as socio-economic enterprises and by offering an alternative perspective on Islamic economic institutions that emphasizes social empowerment, ethical orientation, and community resilience.
The Algorithmic Fiqh: Qiyas and the Cryptocurrency Paradigm Fatima Zohra Benali; Wildan Miftahussurur Miftahussurur; Rijal Ali Santos Santos; Zaenol Hasan
Indonesian Journal of Islamic Law Vol. 8 No. 1 (2025): Indonesian Journal of Islamic Law
Publisher : Postgraduate Programme of UIN Kiai Haji Achmad Siddiq Jember

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35719/c3g8zb70

Abstract

This study examines the application of qiyas (analogical reasoning) in assessing the legality of cryptocurrency within Islamic law, particularly through the fatwas issued by the National Sharia Council of the Indonesian Ulema Council (DSN-MUI). As cryptocurrency emerges as a significant innovation in the economic sector, the research analyzes classical fiqh texts and draws analogies with paper money to identify essential criteria for cryptocurrency to be considered a legitimate medium of exchange, including being valuable, pure, transferable, and beneficial. The findings indicate that while cryptocurrency lacks official backing, its value is derived from societal trust in blockchain technology. The study emphasizes the necessity for cryptocurrency transactions to comply with Sharia principles, avoiding elements of riba, gharar, and maysir. Additionally, it highlights the importance of collaboration among scholars, academics, and practitioners in Sharia economics to develop responsive fatwas and policies that address technological advancements and societal needs. Furthermore, to provide a broader perspective, examples from other countries, such as Malaysia, Algeria, and Morocco, can be referenced to understand how different Islamic authorities approach the regulation and assessment of cryptocurrency. For instance, Malaysia's Shariah Advisory Council has recognized cryptocurrencies under certain conditions, while Algeria has outright banned their use due to concerns over their volatility and speculative nature. Morocco, on the other hand, has issued warnings about the risks associated with cryptocurrency, despite the growing global interest in digital currencies. By examining these diverse approaches, the research can offer a more comprehensive understanding of how cryptocurrency fits within the frameworks of Islamic finance and law across different contexts. This research contributes to the discourse on integrating modern financial systems with Islamic principles, suggesting that cryptocurrencies can be utilized within Islamic economies if they adhere to Sharia guidelines. Ultimately, the study aims to provide practical guidance for Muslims in conducting economic activities in the digital era while leveraging technological progress to enhance welfare and prosperity.