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Comparison of Efficiency Principles for Welfare in Islamic and Socialist Economic Systems Putri, Ega Seliyan; Aini, Alfithisnain Nur; Tsabitah, Nasywa Shafa; Putra, Budi Jaya
Journal of Islamic Economics and Philanthropy Vol. 7 No. 4 (2025): May
Publisher : Universitas Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/jiep.v7i4.12575

Abstract

The economic theory that aspires to is an economic system that is able to create justice and common prosperity, accompanied by the concept of the blessings of the world and the hereafter. This is the theory of Islamic economics that will bring justice and comprehensive prosperity. Islamic economics is considered a solution to overcome contemporary economic problems. The source of thought of the Islamic economic system is the Islamic creed and ideology which is based on the Qur'an and as-Sunnah. With this foundation, Islamic economics is distinctive, unique and different from socialist or communist economic systems. The Islamic economic system is an independent economic system and is independent of other economic systems. What distinguishes the Islamic economic system from other economic systems is that the principles of Islamic economics in the application of the principle of efficiency still maintain the preservation of the natural environment. The economic motive of Islam is to seek luck in this world and in the hereafter like the caliph with the way of worship in a broad sense. Islam recognizes the welfare of individuals and the social welfare of society that complement each other, not compete and contradict each other.
Strategy And Optimization of the Role of Productive Waqf in People’s Economic Empowerment Gatari, Altis Puspa; Zuhairoh, Saffaanah; Darokah, Husna Enggar Dani; Putra, Budi Jaya; Lubis, Ramadhona Amalia; Kurniawan, Mahrus Lutfi Adi
Journal of Islamic Economics and Philanthropy Vol. 7 No. 3 (2025): February
Publisher : Universitas Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/jiep.v7i3.12784

Abstract

Waqf is an Islamic economic instrument that has great potential in supporting social and economic development. However, in Indonesia, waqf management is still not optimal, with most waqf assets not being utilized productively. This article analyzes the strategy and optimization of productive waqf in community economic empowerment, highlighting the challenges faced and innovative solutions that can be applied. The research method used is a literature study with a qualitative approach. The results show that effective strategies to maximize productive waqf include strengthening regulations, increasing the capacity of nadzir, integration with Islamic financial institutions, and implementing waqf-based business models. Case studies from various countries show that well-managed waqf can have a significant economic impact, including in the education, health and micro-enterprise sectors. This study concludes that with the implementation of appropriate strategies, productive waqf can be an important instrument in economic empowerment and improving the welfare of the community, as well as supporting sustainable economic development.
Implementation of Tax in Indonesia from the Perspectives of Muhammadiyah and NU Putra, Budi Jaya; Tri Wibowo, Wahyu
JAMPE (Journal of Asset Management and Public Economy) Vol. 4 No. 2 (2025)
Publisher : Universitas Ahmad Dahlan, Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/jampe.v4i2.13200

Abstract

Taxes remain a widely-discussed topic. It is because taxes are not only limited to state finances but also play a crucial role in a country’s development. This study examines the implementation of taxes (Tax Law, Education Tax, and Tax Amnesty) in a country from the perspectives of Muhammadiyah and Nahdlatul Ulama (NU). This study aims to provide scientific contributions and fill the gap regarding the role of Islamic organizations, specifically Muhammadiyah and NU, in Indonesia, in terms of tax implementation. This study employs the library method as its research approach. The method involves collecting information from laws and regulations, as well as books and articles related to state regulations and the statements or decisions of organizations. The results of the study indicate that Muhammadiyah and NU share the same view regarding tax law. They consider taxes mandatory. For the VAT on education, Muhammadiyah and NU disagree. It is because they also consider it to be contrary to the spirit of Pancasila and the welfare of the people. Furthermore, Muhammadiyah agrees with tax amnesty. However, Muhammadiyah continues to provide input and suggestions to the government. On the other hand, NU has not reached an agreement on the tax amnesty law. Upon examining previous decisions, it was found that NU did not permit Tax Amnesty. This study contributes to the formulation of more inclusive and equitable public policies by integrating the religious perspectives of Muhammadiyah and NU on the implementation of taxes in Indonesia. Thus, it will increase the legitimacy, compliance, and trust of the Muslims in the national taxation system.