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The Ottoman Dynasty Economic Policy and Its Relevance in the Midst of Global Economic Dynamics in 2025 Fauzan Romadhian Khairi; Euis Amalia; Desmadi Saharuddin
Maaliyah: Journal of Islamic Economic Law and Islamic Finance Vol. 1 No. 1 (2025): Maaliyah: Journal of Islamic Economic Law and Islamic Finance
Publisher : Universitas Darunnajah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61159/maaliyah.v1i1.546

Most studies of the economic policies of the Ottoman Dynasty are historical in nature and have not been much associated with contemporary global economic dynamics. In fact, Ottoman economic principles such as the open market system, fiscal flexibility, and waqf management for social welfare have potential relevance in the face of current global economic challenges, including inequality, market instability, and the need for a sustainable economic model. This research aims to: identify the main principles of Ottoman economic policy; analyze its relevance to the global economic challenges of 2025; and formulating historical-based economic policy recommendations that are adaptive to the modern context. A qualitative approach with historical comparative analysis methods is used to compare primary data from the Ottoman archives (trade records, fiscal policy) with contemporary data for comparison and relevance points to economic policies in the present. The results of the study show that the principles of Ottoman economics have significant relevance, particularly in encouraging inclusive and sustainable economic models. The waqf system can be adapted as a stable social funding mechanism, while fiscal flexibility provides inspiration for adaptive economic policy responses amid global uncertainty. This research contributes to the development of historical economic discourse in modern contexts and offers a hybrid policy model that integrates traditional values with contemporary economic needs.

The Ottoman Dynasty Economic Policy and Its Relevance in the Midst of Global Economic Dynamics in 2025 Fauzan Romadhian Khairi; Euis Amalia; Desmadi Saharuddin
Maaliyah: Journal of Islamic Economic Law and Islamic Finance Vol. 1 No. 1 (2025): Maaliyah: Journal of Islamic Economic Law and Islamic Finance
Publisher : Universitas Darunnajah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61159/maaliyah.v1i1.546

Most studies of the economic policies of the Ottoman Dynasty are historical in nature and have not been much associated with contemporary global economic dynamics. In fact, Ottoman economic principles such as the open market system, fiscal flexibility, and waqf management for social welfare have potential relevance in the face of current global economic challenges, including inequality, market instability, and the need for a sustainable economic model. This research aims to: identify the main principles of Ottoman economic policy; analyze its relevance to the global economic challenges of 2025; and formulating historical-based economic policy recommendations that are adaptive to the modern context. A qualitative approach with historical comparative analysis methods is used to compare primary data from the Ottoman archives (trade records, fiscal policy) with contemporary data for comparison and relevance points to economic policies in the present. The results of the study show that the principles of Ottoman economics have significant relevance, particularly in encouraging inclusive and sustainable economic models. The waqf system can be adapted as a stable social funding mechanism, while fiscal flexibility provides inspiration for adaptive economic policy responses amid global uncertainty. This research contributes to the development of historical economic discourse in modern contexts and offers a hybrid policy model that integrates traditional values with contemporary economic needs.

Islamic Business Ethics In Culture-Based Economic Practice: A Study of the Chinese Muslim Community in Lampung Diana Ambarwati; M. Atho Mudzhar; Euis Amalia; Desmadi Saharudin
Jurnal Internasional Ekonomi Islam Vol 8 No 01 (2026): International Journal of Islamic Economics
Publisher : The Postgraduate of Institut Agama Islam Negeri Metro Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32332/ijie.v8i01.13515

Objective: This study aims to analyze Islamic business ethics in culture-based economic practices among the Chinese Muslim community in Lampung, focusing on how religious and cultural values are integrated in business activities. Method: This study uses a qualitative descriptive method with a phenomenological approach, collecting data from Chinese Muslim entrepreneurs in Lampung through observation, interviews, and documentation, and analyzing it via data reduction, display, and conclusion drawing. Result: The findings reveal that the business ethics of Chinese Muslims in Lampung are rooted in traditional Chinese values, influenced by universal Confucianism, demonstrating strong adaptability to other value systems. These values generally align with Islamic business ethics and even reinforce one another, except in aspects related to the halal concept and the belief in the divine presence in business activities. These gaps are addressed by incorporating Islamic principles, such as halal compliance and philanthropic practices. Furthermore, the study shows that Chinese Muslim entrepreneurs exhibit a minority cultural character that is open to acculturation with dominant Islamic values, resulting in a harmonious integration of both ethical systems. Implication: This study offers concise theoretical and practical insights into integrating religious and cultural values in business, serving as a reference for ethical business models in multicultural societies. Originality or Novelty: This research introduces the concept of dual embeddedness, highlighting that economic behavior is simultaneously shaped by moral-religious values and socio-cultural structures, thereby extending Granovetter’s embeddedness theory into a religio-cultural context.

Islamic Social Finance as a Pillar of Sustainable Economic Development: A Comparative Study of Zakat and Waqf Governance across Countries Robi Firnando; Ali Sajad; Euis Amalia; Nisrina Mutiara Dewi
Al-Amwal : Journal of Islamic Economic Law Vol. 11 No. 2 (2026): Al-Amwal : Journal of Islamic Economic Law
Publisher : Prodi Hukum Ekonomi Syariah, Fakultas Syariah, IAIN Palopo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24256/alw.v11i2.11225

Purpose – This study aims to map, compare, and analyze the variations in regulatory architectures and governance models of Islamic social finance (zakat and waqf) across six distinct jurisdictions: Indonesia, Malaysia, Saudi Arabia, Turkey, Singapore, and Thailand. Furthermore, this research integrates the governance of these instruments with the achievement of the Sustainable Development Goals (SDGs) Method – This study employs a qualitative approach with a descriptive-analytical design utilizing a comparative study method. The research data are derived from primary sources, specifically formal legal documents and regulations currently in force within each studied jurisdiction. These primary data are supplemented by secondary data obtained through library research, encompassing scientific literature, journal articles, historical documents, and contemporary institutional macro-statistical data.. Result – The findings reveal significant variations in the regulatory and institutional models of Islamic social finance across these nations; however, they all converge toward the same objectives: wealth redistribution, poverty alleviation, and the economic empowerment of the ummah. Productive waqf is shown to successfully transform stagnant assets into sustainable social investment instruments. Furthermore, integrating Zakat and Waqf into the Sustainable Development Goals (SDGs) framework strengthens the relevance of Islamic social finance as an instrument for inclusive development. Implication –This study implies that the strategic convergence of zakat and productive waqf serves as a pivotal pillar in accelerating SDG targets, particularly in eradicating poverty (SDG 1), ensuring food security (SDG 2), broadening access to quality education (SDG 4), stimulating economic growth (SDG 8), and reducing socio-economic inequalities (SDG 10).

Accelerating Economic Transformation through Strengthening Halal Food Downstream Competitiveness for National Resilience Euis Amalia; Muhammad Hanafi
Jurnal Lemhannas RI Vol. 13 No. 4 (2025)
Publisher : Lembaga Ketahanan Nasional Republik Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55960/jlri.v13i4.1175

Purpose: This study explores the integration between food downstreaming and the halal industry through value chain integration theory, industry competitiveness concept and astagatra national resilience perspective. Study Design/Methodology/Approach: The research was conducted using a qualitative descriptive method. Data were collected through systematic literature analysis and interviews with various experts in the fields of economics and wealth sources. The descriptive-analytical analysis was conducted using the framework or concepts of Porter's diamond model, CRT, SWOT (EFAS and IFAS), and TOWS. Findings: The Porter's Diamond Model analysis indicates that the halal food downstreaming industry in Indonesia is not yet fully competitive, with the CRT analysis identifying four root causes. Then, based on the SWOT analysis, the coordinates (2.43; 2.78) were obtained, indicating the need for a "turnaround" strategy to enhance competitiveness and address the identified weaknesses in the halal food downstreaming industry. Originality/Value: This study present national strategy to enhance halal food downstreaming based on the value chain integration theory. Indonesia needs to expand market penetration through trade diplomacy, product diversification, culinary-based branding, and credible halal certification. The government needs to develop industrial clusters, provide incentives for supporting industries, partner with research institutions and universities, and adopt international standards. Furthermore, capacity building and awareness among MSMEs need to be strengthened through national-scale training programs that focus on best practices, technological advancements, and market access strategies. Finally, cross-sector policy integration needs to be improved.

Does Halal Certification Shape Islamic Marketing Strategy? A CFA Study of Food MSMEs Dwi Nuraini Ihsan; Euis Amalia; Muniaty Aisyah; Nur Hidayah
Global Review of Islamic Economics and Business Vol. 14 No. 2 (2026)
Publisher : Faculty of Islamic Economics and Business, State Islamic University Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/grieb.2026.142-01

The study investigates the impact of government policies, industry, and consumer perspectives on halal products with Islamic marketing strategies. This research aims to determine the effect of halal certification ownership on Islamic Marketing Strategy innovation. A quantitative approach was employed using Confirmatory Factor Analysis (CFA) with 390 respondents consisting of micro and small business actors in the halal-certified food sector in Greater Jakarta (Jabodetabek). The findings reveal that internal factors, namely religious commitment and competitive business motives, have a direct influence on the implementation of halal certification. In contrast, external factors such as government policy, industry, and consumers do not exert a direct effect. However, Islamic marketing innovation is proven to mediate the indirect effect of halal certification ownership on business performance. These findings indicate that the implementation of halal certification serves as a significant catalyst for enhancing business performance. The novelty of this study lies in its integrated approach that links government policies, industry, and consumer perspectives on halal products with Islamic marketing strategies. This research is expected to serve as a reference for differentiated policy development based on the characteristics and scales of businesses.

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