Saqifah: Jurnal Hukum Ekonomi Syariah
Vol 9, No 1 (2024): Saqifah: Jurnal Hukum Ekonomi Syariah

Bayt Mal and The Real Sector in The View Of Islamic

Putra Halomoan Hsb (Universitas Islam Negeri Syahada Padangsidimpuan)
Erwin Pane (Universitas Islam Negeri Syahada Padangsidimpuan)



Article Info

Publish Date
30 Jun 2024

Abstract

Utilizing a mixed-methods approach, This study explores the role of Bayt Mal (Islamic treasury) in fostering the real sector within an Islamic economic framework. The research integrates qualitative and quantitative methodologies to provide a comprehensive analysis. Qualitative data were gathered through in-depth interviews with Islamic finance experts, scholars, and practitioners, providing insights into the operational mechanisms and challenges faced by Bayt Mal in modern economic contexts. Quantitative data were derived from financial reports and economic indicators to assess the impact of Bayt Mal on various sectors, including agriculture, trade, and manufacturing. The findings reveal that Bayt Mal is crucial in resource mobilization and distribution, promoting economic justice and social welfare. However, regulatory constraints, lack of awareness, and inefficient management practices hinder its potential. The study concludes with recommendations for enhancing the effectiveness of Bayt Mal, emphasizing the need for robust governance structures, increased public awareness, and integration with contemporary financial systems to optimize its contribution to the real sector and achieve sustainable economic development in line with Islamic principles.

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Journal Info

Abbrev

saqifah

Publisher

Subject

Description

Saqifah: Jurnal Hukum Ekonomi Syariah with registered number ISSN 2548-4974 (print) 3048-2844 (online) published by the Sharia Economic Law Study Program, Faculty of Sharia, UIN Imam Bonjol Padang as an information media and discussion forum for the study of sharia economic law. It contains concise ...