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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

Abstract

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.
Arabic Usage in Indonesian Islamic Financial Contracts: Exploring Conceptual, Technological, and Socio-Cultural Integration Desmadi Saharuddin; Hemmy Fauzan; Suhendra; Zulfikri Muhammad; Alaa Mustafa Abdelmaksud Abouagila
International Journal of Islamic Business and Economics (IJIBEC) Vol 10 No 1 (2026): Volume 10 Nomor 1 Tahun 2026
Publisher : Universitas Islam Negeri K.H. Abdurrahman Wahid Pekalongan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.28918/7xwpq014

Abstract

This comprehensive bibliometric and qualitative content analysis critically examines the evolving role of Arabic language contracts in Indonesian Islamic financial institutions, employing the Theory, Context, and Methodology (TCM) framework to integrate legal, cultural, and technological dimensions. The study strategically applies advanced science mapping protocols, with Scopus indexed extraction, rigorous contextual clustering, and descriptive relational text-mining approaches to synthesize 82 articles published between 2015 and 2025. The results highlight a persistent dominance of Shariah compliance, Arabic linguistic authority, and governance in contract legitimacy, yet they expose substantial gaps in public literacy, regulatory adaptation, and technological integration. Notably, empirical findings reveal that, despite regulatory intent, many stakeholders confront barriers to understanding and implementing Arabic contracts, with multilingual documentation and digital innovations like blockchain and fintech models offering solutions yet facing adoption challenges. The discussion situates these findings within broader research, demonstrating how they extend, nuance, and sometimes contradict prior studies through multidimensional analysis, particularly in local adaptation, stakeholder engagement, and the transformative impact of technology. Importantly, this review contributes novel theoretical and methodological perspectives, advocating composite models and advanced analytics to address persistent empirical gaps. Future research should prioritize comparative and longitudinal studies, innovative contract designs bridging language and technology, and big data methods to explore behavioral outcomes. Overall, this study establishes a foundation for more inclusive and resilient Islamic contract practice.
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

Abstract

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.