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Contact Name
Muhammad Hanif al Hakim
Contact Email
mha961@ums.ac.id
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Journal Mail Official
jisel@ums.ac.id
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Kota surakarta,
Jawa tengah
INDONESIA
Journal of Islamic Economic Laws
ISSN : 26559609     EISSN : 26559617     DOI : -
The Journal of Islamic Economic Laws is intended to be a media for disseminating results of researches and an exchange of Indonesian scientific work among academics, practitioners, regulators, and the public. The Journal of Islamic Economic Laws covers a variety of research approaches, namely quantitative, qualitative and mixed methods. The Journal of Islamic Economic Laws focuses on various themes, topics, and legal aspects in Islamic economics, including (but not limited to) the following topics: -Laws of civil proceedings -Inheritance law -Muamalah law -Sharia banking regulation -Marriage law -Insurance law and reinsurance -Regulation of zakat -Law guarantee -The law of Sharia financial institutions -Business law contract -Legal endowments -Laws of electronic transactions
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Articles 5 Documents
Search results for , issue "Vol 4, No 1: January 2021" : 5 Documents clear
Zakat Digitalization: Effectiveness of Zakat Management in the Covid-19 Pandemic Era Sri Yayu Ninglasari; Mumuh Muhammad
Journal of Islamic Economic Laws Vol 4, No 1: January 2021
Publisher : Muhammadiyah University Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v4i1.12442

Abstract

This study aims to analyze the role of digitalization in zakat management during the Covid-19 pandemic. Furthermore, it also aims to analyze the strengths, weaknesses, opportunities, and threats of zakat digitization in Indonesia. The method used in this research is a qualitative method with a literature study and a SWOT analysis approach. Literature shows that using digital platforms to collect, manage, and distribute zakat is very useful, especially during the Covid-19 pandemic, because it provides much convenience for its users. However, digital platforms have weaknesses and threats both for zakat institutions and for muzaki and mustahik. To overcome these threats and weaknesses, zakat institutions can make various strategies by utilizing existing strengths and opportunities. This strategy is made so that the collection and distribution of zakat funds can be appropriately optimized and have a tremendous impact on the community's welfare, especially for the poor who are affected by Covid-19.
Unfolding the possibility to develop share-waqf in Indonesia through the concepts, opportunities & challenges Aldi Khusmufa Nur Iman; Faridatun Najiyah; Munji Asshiddiqi
Journal of Islamic Economic Laws Vol 4, No 1: January 2021
Publisher : Muhammadiyah University Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v4i1.12510

Abstract

Indonesia is a country with the largest Muslim population in the world. The potential of Islamic financial instruments for the welfare of the people grows in society, one of which is cash waqf and shares. Most Islamic scholars allow cash and shares to be used as objects of waqf. Both cash and stock endowments can be implemented into two models. Cash waqf can be implemented as mutual funds or converted into other fixed assets. Meanwhile, the implementation of share waqf can be done through corporate waqf and individual share waqf. Individual share waqf is applied with two models, namely waqf from the profit of shares and waqf in the form of per-lot Sharia shares. The purpose of this study is to determine the concepts, opportunities and challenges of share waqf in Indonesia. Based on the research, it was found that share waqf has a great opportunity in Indonesia, considering that the majority of the population is Muslim. However, the implementation of the share waqf program in Indonesia in the future face various challenges that must be resolved in order for the share waqf to develop in Indonesia.
Analysis of Customer’s Decision to Choose Sharia Banking in Surakarta Sudarwati Sudarwati; Burhanuddin Ahmad Yani
Journal of Islamic Economic Laws Vol 4, No 1: January 2021
Publisher : Muhammadiyah University Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v4i1.13036

Abstract

This study aims at determining the influence of the profit-sharing system, security of funds, facilities and services toward Customer's decision to choose sharia banking in Surakarta. The research employs a method survey; it analyzes the Customer's decision to choose sharia banking. The researcher collects the data from the respondents through a questionnaire. The sample is taken by purposive random sampling. 100 customers come from 10 sharia banking in Surakarta. To test the hypothesis, the researcher uses multiple regression analysis, t-test, F test, and determinant coefficient by using SPSS. The finding of the research is that there is significant influence among variable profit-sharing system (X1), the security of funds (X2), facilities (X3), and service (X4) toward Customer's decision to choose sharia banking (Y). However, there is one significant influence. It is a profit-sharing system toward Customer's decision to choose sharia banking. The four variables; profit-sharing system, the security of funds, facilities, and services toward Customer's decision to choose sharia banking is 46.50%. At the same time, the rest is about 53.50 %, derived from another variable which is out of research.
Optimizing The Role of Zakat and Wakaf in Promoting National Economic Growth: Analytic Network Process (ANP) Method Approach Robithoh Alam Islamy; Mulawarman Hannase
Journal of Islamic Economic Laws Vol 4, No 1: January 2021
Publisher : Muhammadiyah University Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v4i1.13093

Abstract

This study aims to determine the criteria and aspects of optimizing the role of zakat and infaq. This research's further objective is to build a model that can be used to determine criteria and priority aspects to become input for related parties to improve the role of zakat and waqf. This study combines descriptive qualitative and quantitative research using the Analytic Network Process (ANP) method. In building models and calculations, experts are involved in producing results following conditions in the field. This study indicates that zakat and waqf have played a role in encouraging national economic growth. Aspects that become alternatives in optimization are aspects of policy/legality / institutional, technical aspects of operations/databases, human resources/management aspects, aspects of auditing/control, socialization/community literacy, and cooperation aspects. The criteria used in selecting alternatives are effective criteria (collection and distribution) and efficient criteria (cheap, fast, and applicable). The ANP model connects alternatives and criteria and calculates that the order of priority from the highest to the lowest is 1. Policy, Legality, and Institutions (47.28%); 2. Human Resources / Management Aspects (13.94%), 3. Socialization Aspects (12.66%); 4. Cooperation Aspects (12.54%); 5. Operational / Database Technical Aspects (8.27%) and; 6. Audit / Control Aspects (5.29%).
Characteristics of Moslem Families Economy Based on Maqashid Sharia Perspective Faris Shalahuddin Zakiy; Ahmad Muhtadi Ridwan; Achmad Sani Supriyanto
Journal of Islamic Economic Laws Vol 4, No 1: January 2021
Publisher : Muhammadiyah University Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v4i1.12188

Abstract

Modern lifestyle has interfered principles of moslem families. This era tries to define attitude, wealth value, and social position of individuals in society. It might become a doctrine, patent product, challenge or threat. The objective of this research is to elaborate the Islamic characteristics within the economy of moslem families and also implementation of Maqashid Sharia in the economy of moslem families. This research exerts case-study, by determining selected informants from the community of moslem small entrepreneurs in Malang. The findings show that the moslem families consider faith (iman) as basic foundation of economy. They also hold on to character perfection that is based on akhlaqul karimah, lawfulness and wholesomeness, priority scale as expenditure reference, moderation as absolute standardization and responsibility of woman’s wealth proprietary. Internalization of Islamic economy principles in the moslem families economy includes the statement that working as a form of ikhtiar and worship, expenditure as material and spiritual distribution of wealth, savings as urgent post in the future, and wealth as instrument to serve to Allah. Finally, it is important to regard Maqashid Sharia as a standard of Muslim action in economy

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