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al-Uqud : Journal of Islamic Economics
ISSN : 25490850     EISSN : 25483544     DOI : http://dx.doi.org/10.26740/al-uqud
Core Subject : Economy,
al-Uqûd : Journal of Islamic Economics published by the Islamic Economic Studies Department of Economics Faculty of Economics, Universitas Negeri Surabaya in cooperation with the Forum of Economic and Business Lecturer Islam (FORDEBI). al-Uqûd published twice a year, in January and July. The journal will focus on providing quality research in the areas of Islamic economics, banking and finance. The goal of the journal is to cover topics that are paramount in modern Islamic economics and finance. The language used in the form of Indonesian and English. Editors invite research lecturers, the reviewer, practitioners, industry, and observers to contribute to this journal.
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Articles 5 Documents
Search results for , issue "Vol. 10 No. 1 (2026): January (in Progres)" : 5 Documents clear
The Role of Sharia Skepticism and Motivation in Gold-Backed Cryptocurrency Adoption Among Muslim Investors Hasyim, Fuad; Ryandono, Muhammad Nafik Hadi; Musthofa, Wakhid
al-Uqud : Journal of Islamic Economics Vol. 10 No. 1 (2026): January (in Progres)
Publisher : Universitas Negeri Surabaya

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Abstract

This study investigates the factors influencing the adoption of gold-backed cryptocurrencies (GBC) among Muslim investors in Indonesia, addressing the gap in understanding the interplay of psychological, social, and religious factors. While GBCs align with Islamic principles by avoiding gharar (uncertainty), maisir (speculation), and riba (interest), adoption remains hindered by sharia skepticism. Using a quantitative cross-sectional design with data from 357 respondents analyzed through Partial Least Squares Structural Equation Modeling (PLS-SEM), the findings highlight that attitudes, intrinsic and extrinsic motivations, and perceived sharia compliance significantly drive behavioral intention. However, sharia skepticism negatively moderates the attitude-intention relationship, presenting a substantial barrier. The study emphasizes the need for collaboration among regulators, fintech platforms, and religious authorities to address skepticism and foster trust through standardized governance. For businesses in Asia, these insights underline the importance of culturally aligned strategies, such as educational campaigns and partnerships with religious leaders, to enhance adoption in Islamic fintech markets.
A Scope of Islamic Business Economics Fiqh: Analysis of Research Trends Through Bibliometrics and Systematic Literature Review Mayang Sari, Junia
al-Uqud : Journal of Islamic Economics Vol. 10 No. 1 (2026): January (in Progres)
Publisher : Universitas Negeri Surabaya

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Abstract

The decline in Islamic economic jurisprudence has led to broader discussions on the scope of Islamic business economics jurisprudence. Addressing this issue can build a scientific framework from several perspectives, as Muslim scholars have made many developments in Islamic business economics jurisprudence within the scope of analysis. Discussion of the scope of Islamic business economics jurisprudence. However, literature on Islamic business economics jurisprudence specifically is still very limited in its focus on this area. Other studies have focused on specific objects within Islamic business economics jurisprudence. This study uses bibliometric methods and a systematic literature review (SLR) to obtain a broader and deeper picture of the development of Islamic business economics jurisprudence studies and research trends in raising this study. In this case, the literature collected came from the Scopus database using Publish or Perish software and a Scopus account. The results show that the trend of Islamic business economics studies has increased, indicating that for about a decade, the topic of Islamic business economics research has been a favorite among researchers in the field of economics. The results of mapping with Vosviewer and a review of selected journals show that the future scope of Islamic economics studies is based on publication trends in the development of Islamic financial systems, factors in economics, the development of sharia insurance, and contemporary Islamic business economics practices.
Restructuring and Performance: Efficiency Dynamics of Islamic Banks Before and After Spin-offs, Mergers, and Conversions Hakim, Faqih Wildan; Rabaya, Abdullah Jihad; Ameraldo, Fedi; Rizki, Marsi Fella
al-Uqud : Journal of Islamic Economics Vol. 10 No. 1 (2026): January (in Progres)
Publisher : Universitas Negeri Surabaya

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Abstract

The purpose of this research is to analyze the efficiency dynamics of Islamic banks following their separation, merger, and conversion. The study focuses specifically on changes in performance that occurred before and after these corporate restructuring procedures. Data Envelopment Analysis (DEA) and Hahslm Reflectivity Dynamics (HEFDYN) are employed in this work, which suggests that different restructuring models exhibit diverse patterns of efficiency. Generally, spin-off banks tend to experience a decline in efficiency after their operations are separated from those of the parent bank. Merger banks exhibit varied efficiency patterns, and converted banks display varying efficiency levels during the conversion process. The results of this study show the importance of policymakers and practitioners thoroughly evaluating the trade-offs between regulatory compliance and efficiency outcomes. This study adds to the discussions on the evolution of Islamic banking by providing empirical data on efficiency changes under various restructuring scenarios.
Integrating Pancasila and Islamic Economics: Formulating an Indonesian Hybrid Economic Paradigm through the OPOP Model Sifwa
al-Uqud : Journal of Islamic Economics Vol. 10 No. 1 (2026): January (in Progres)
Publisher : Universitas Negeri Surabaya

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Abstract

Indonesia’s development trajectory has long been constrained by a structural dichotomy between capitalism and socialism, limiting opportunities to construct a value-based economic framework grounded in the nation’s philosophical and religious heritage. This condition has contributed to widening social inequality and recurring economic injustice, underscoring the urgency of an alternative paradigm that integrates ethical foundations and local wisdom. This study critically examines the normative compatibility between the Pancasila Economic System and Islamic Economics, proposing an integrative model as an Indonesian hybrid economic paradigm. Using a qualitative library-based method and comparative analysis of academic literature, constitutional documents, and empirical studies, the research identifies strong convergences in distributive justice, communal solidarity, democratic economic governance, and the protective role of the state. At the empirical level, the One Pesantren One Product (OPOP) program in East Java is analyzed as a concrete expression of the synergy between Pancasila and Islamic values through pesantren-based entrepreneurship, social capital enhancement, and community-driven economic development. Theoretically, the study advances an integrative framework that enriches global discussions on value-based and faith-informed development models. Practically, it offers policy insights for strengthening state support, enhancing pesantren institutional capacity, and reducing the dominance of capitalist market forces in national development. The novelty of this research lies in its comprehensive approach that links philosophical principles, cultural traditions, and empirical evidence into a coherent model for inclusive and justice-oriented economic development in Indonesia.
Reconstructing Maqasid al-Shariah fi Hifdz al-Mal in Responding to the Doom Spending Phenomenon among Generation Z and Its Implications for Family Economic Resilience Ubaidillah
al-Uqud : Journal of Islamic Economics Vol. 10 No. 1 (2026): January (in Progres)
Publisher : Universitas Negeri Surabaya

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Abstract

The rise of doom spending among Generation Z has become a significant concern, particularly in the context of family economic resilience. This study aims to reconstruct the concept of Maqasid al-Shariah fi Hifdz al-Mal (protection of wealth) to address the impulsive and emotion-driven consumption behaviors prevalent among young couples in the digital economy era. Adopting a qualitative approach with a descriptive-analytical design, the research integrates insights from Islamic ethics, psychological coping theory, and contemporary consumption studies. The findings indicate that doom spending undermines family financial stability, increases emotional stress, and conflicts with Islamic principles of moderation (wasatiyyah), contentment (qana’ah), and avoidance of wastefulness (tabdzir). The study emphasizes strategies for fostering family economic resilience, including digital financial literacy, open financial communication between spouses, integration of Islamic consumption values, productive use of technology, and community-based financial education. By applying these strategies, Generation Z couples can achieve balanced financial management, strengthen household resilience, and align their consumption behaviors with both ethical and spiritual principles. This research contributes to the discourse on integrating Islamic value-based approaches in contemporary financial practices, providing a framework for sustainable and morally responsible household economic management. Keywords: Doom Spending, Generation Z, Maqasid al-Shariah, Hifdz al-Mal, Family Economic Resilience.

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