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Islamic Financial Instruments and the Dynamics of the Islamic Stock Exchange Ratna, Ai
Journal of Economicate Studies Vol. 3 No. 2 (2019): Journal of Economicate Studies
Publisher : Islamicate Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32506/ge7jm237

Abstract

This study investigates the structuring and implementation of Islamic financial instruments within stock exchanges, emphasizing their alignment with sharia principles and evaluating their practical challenges. Drawing on Islamic jurisprudence and modern finance theory, the research applies a qualitative-descriptive method supported by document analysis. Findings indicate that Islamic instruments—such as sukuk, mudharabah, and musharakah—are grounded in ethical, risk-sharing, and asset-backed principles. However, operational and regulatory issues, including fragmented compliance standards, limited liquidity, and investor literacy gaps, hinder their full effectiveness. The study also identifies key strategies to improve the sustainability of Islamic stock exchanges, including regulatory harmonization, technological innovation, and capacity-building initiatives. The research contributes theoretically by bridging Islamic legal frameworks with institutional finance models and practically by offering policy recommendations. These insights affirm that Islamic stock exchanges can serve as ethical and competitive alternatives in global capital markets when adequately supported by institutional reform and public engagement.
Islamic Financial Instruments and the Dynamics of the Islamic Stock Exchange Ratna, Ai
Journal of Economicate Studies Vol. 3 No. 2 (2019): Journal of Economicate Studies
Publisher : Islamicate Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32506/joes.v3i2.375

Abstract

This study investigates the structuring and implementation of Islamic financial instruments within stock exchanges, emphasizing their alignment with sharia principles and evaluating their practical challenges. Drawing on Islamic jurisprudence and modern finance theory, the research applies a qualitative-descriptive method supported by document analysis. Findings indicate that Islamic instruments—such as sukuk, mudharabah, and musharakah—are grounded in ethical, risk-sharing, and asset-backed principles. However, operational and regulatory issues, including fragmented compliance standards, limited liquidity, and investor literacy gaps, hinder their full effectiveness. The study also identifies key strategies to improve the sustainability of Islamic stock exchanges, including regulatory harmonization, technological innovation, and capacity-building initiatives. The research contributes theoretically by bridging Islamic legal frameworks with institutional finance models and practically by offering policy recommendations. These insights affirm that Islamic stock exchanges can serve as ethical and competitive alternatives in global capital markets when adequately supported by institutional reform and public engagement.
ANALISIS MODEL PENGEMBANGAN KURIKULUM BAHASA ARAB DI PERGURUAN TINGGI ISLAM Nugraha, Rahmat Mulya; Ratna, Ai; Jamilah, Ayi Noer; Latopah, Leni; Sabila, Rabbaniah
MANAJERIAL : Jurnal Inovasi Manajemen dan Supervisi Pendidikan Vol. 5 No. 2 (2025)
Publisher : Pusat Pengembangan Pendidikan dan Penelitian Indonesia (P4I)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51878/manajerial.v5i2.6535

Abstract

Arabic curriculum development in Islamic universities plays an important role in improving students' competence in understanding and using the language which is the main source of Islamic teachings. This study analyzes the application of three curriculum development models: Tyler, Taba, and Schwab, as well as the advantages and challenges of each in the context of Arabic language education. The research method used is qualitative with a descriptive approach. Tyler's model offers a systematic approach based on learning objectives, while Taba emphasizes the active role of teachers in curriculum development inductively. Schwab's model focuses on the social, cultural and student needs aspects of educational practice. The results show that the Tyler Model has a systematic structure but lacks flexibility, the Taba Model is more adaptive but requires active involvement of the teacher, and the Schwab Model is more contextual but faces coordination challenges in its implementation. All three have the potential to complement each other when applied synergistically. The implications of the results of this study show the importance of the role of higher education institutions in adjusting the curriculum to the demands of the times as well as local and global needs. The combination of the three models is expected to produce an Arabic curriculum that is not only academically relevant, but also responsive to social and technological developments. This study recommends periodic curriculum evaluation and intensive training for teachers to improve the effectiveness of curriculum implementation on an ongoing basis. ABSTRAK Pengembangan kurikulum Bahasa Arab di perguruan tinggi Islam berperan penting dalam meningkatkan kompetensi mahasiswa dalam memahami dan menggunakan bahasa yang menjadi sumber utama ajaran Islam. Penelitian ini menganalisis penerapan tiga model pengembangan kurikulum: Tyler, Taba, dan Schwab, serta keunggulan dan tantangan masing-masing dalam konteks pendidikan Bahasa Arab. Metode penelitian yang digunakan adalah kualitatif dengan pendekatan deskriptif. Model Tyler menawarkan pendekatan sistematis berbasis tujuan pembelajaran, sementara Taba menekankan peran aktif pengajar dalam penyusunan kurikulum secara induktif. Model Schwab berfokus pada aspek sosial, budaya, dan kebutuhan mahasiswa dalam praktik pendidikan. Hasil penelitian menunjukkan bahwa Model Tyler memiliki struktur yang sistematis tetapi kurang fleksibel, Model Taba lebih adaptif namun menuntut keterlibatan aktif pengajar, dan Model Schwab lebih kontekstual tetapi menghadapi tantangan koordinasi dalam pelaksanaannya. Ketiganya memiliki potensi untuk saling melengkapi bila diterapkan secara sinergis. Implikasi dari hasil penelitian ini menunjukkan pentingnya peran lembaga pendidikan tinggi dalam menyesuaikan kurikulum dengan tuntutan zaman serta kebutuhan lokal dan global. Kombinasi dari ketiga model diharapkan dapat menghasilkan kurikulum Bahasa Arab yang tidak hanya relevan secara akademik, tetapi juga responsif terhadap perkembangan sosial dan teknologi. Penelitian ini merekomendasikan evaluasi kurikulum secara berkala dan pelatihan intensif bagi pengajar untuk meningkatkan efektivitas implementasi kurikulum secara berkelanjutan.