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Ahmad Lutfi
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El-kahfi : Journal of Islamic economics
Published by Sekolah Tinggi Ekonomi Syariah Manna wa Salwa
ISSN : -     EISSN : 27226557     DOI : -
Core Subject : Economy, Social,
Economics, Econometrics & Finance Social Sciences
Elkahfi : Jurnal Ekonomi Islam is a peer-reviewed and open-access platform that focuses on Islamic Economics and Business. The aim of Elkahfi is to be an authoritative source of information on it’s focused. The scope of Elkahfi are but strictly limited to: islamic economics; islamic banking and finance; islamic economic management; islamic economics law; management Zakat, Infaq, Shodaqoh, and Waqf; islamic entrepreneurship and business; islamic economics thought; islamic insurance; islamic accounting
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Bisnis, Menejemen, dan Akutansi (Lain-Lain)
Articles 135 Documents
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Traditional Markets in the Sharia Economic Perspective: Exploring Structural Changes and Social Value Reconstruction in Modern West Sumatra Ramadhan, Rifki; Fahlefi, Rizal
El-kahfi | Jurnal Ekonomi Islam Vol 6 No 02 (2025): Islamics Economics
Publisher : Sekolah Tinggi Ekonomi Syariah Manna Wa Salwa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58958/elkahfi.v6i02.602

Abstract

This research aims to analyze the relevance and competitiveness of traditional markets in West Sumatra from the perspective of sharia economics, with a focus on digital transformation, merchant innovation, and inherent social-spiritual values. The method used is a Systematic Literature Review (SLR) of 12 selected studies from the 2015–2025 period, which includes field research, case studies, policy studies, and literature supporting sharia economics. The thematic synthesis identifies four main themes: (1) the socio-economic structure and social role of traditional markets; (2) transformation and modernization challenges; (3) actualization of sharia economic value in traders' practices; and (4) the direction of empowerment and repositioning of digital-based markets and sharia cooperatives. The results show that traditional markets are still the backbone of the people's economy, but face pressure from modern markets and global digitalization. Limited digital adaptation, weak sharia institutions, and changes in consumer behavior are the main challenges. Empowerment strategies based on sharia digitalization, the establishment of sharia cooperatives, and strengthening market ethics are suggested so that traditional markets remain relevant, competitive, and socially just in accordance with the principles of sharia maqashid. This study makes a theoretical and practical contribution to the development of local economic policies based on Islamic values.
Competitiveness Strategies for Traditional Markets: A Sharia Economic Perspective in the Digital Era and Global Market Afril, Afril; Fahlefi, Rizal
El-kahfi | Jurnal Ekonomi Islam Vol 6 No 02 (2025): Islamics Economics
Publisher : Sekolah Tinggi Ekonomi Syariah Manna Wa Salwa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58958/elkahfi.v6i02.604

Abstract

This study analyzes the competitiveness of traditional markets amidst the pressures of modern and digital markets. Using a case study of Batusangkar Market in Tanah Datar Regency, West Sumatra, the research examines technological adaptation, merchant strategies, and the implementation of Islamic economic values. The study employs a qualitative phenomenological approach, utilizing primary data collected via semi-structured interviews with merchants possessing over 30 years of trading experience. Data analysis followed Miles and Huberman’s interactive model encompassing reduction, display, and verification validated through theoretical triangulation and member checking. The findings reveal that Batusangkar traditional market faces a decline in trade activity driven by infrastructural deficiencies, shifting consumer behaviors, and low digital literacy among merchants. Nevertheless, Sharia economic values, specifically honesty (ṣidq), justice (‘adl), trustworthiness (amānah), and mutual assistance (ta‘āwun), persist as moral anchors ensuring business continuity. These values represent a unique form of non-material competitiveness absent in modern market systems. Consequently, from an Islamic economic perspective, traditional market revitalization requires a dual focus: structural strengthening (improving infrastructure, institutions, and digital literacy) and spiritual strengthening (reinforcing trade ethics and the principle of barakah) to establish a fair, inclusive, and sustainable market aligned with maqāṣid al-syarī‘ah.
The Transformation of Philanthropy in Public Spaces: From the Tradition of Street Charity to an Islamic Social Economy Movement Masdar, Rita; Fahlefi, Rizal
El-kahfi | Jurnal Ekonomi Islam Vol 6 No 02 (2025): Islamics Economics
Publisher : Sekolah Tinggi Ekonomi Syariah Manna Wa Salwa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58958/elkahfi.v6i02.606

Abstract

This research examines the transformation of philanthropy in public spaces, shifting from the practice of street charity (sedekah jalanan) toward a sustainable Islamic social economy movement, utilizing a Systematic Literature Review (SLR) approach. Out of 120 initial articles screened, 14 valid articles were analyzed to identify current patterns, themes, and practices. The review reveals four main findings: (1) street philanthropy functions as social capital that strengthens community solidarity and religious values; (2) spontaneous charity can be transformed into productive philanthropy through instruments like Zakat or Waqf (endowment), fostering the economic independence of recipients; (3) integration with Islamic social economy institutions, such as mosques and cooperatives, enhances accountability and sustainability; and (4) digitalization expands the participation of the younger generation and improves fund distribution efficiency. This phenomenon asserts that street philanthropy is not merely an act of giving, but a strategic instrument for socio-economic development rooted in Islamic values. This study concludes that strengthening coordination, transparency, and the integration of spiritual values with productive mechanisms can turn street philanthropy into a modern Islamic social economy movement that is inclusive, effective, and sustainable. These findings offer practical and theoretical contributions to the development of Islamic social economy literature and community-based philanthropic practices.
Dimensions of Islamic Economic Values in the Larung Sesaji Tradition: An Analysis of Syncretism between Islam and Local Coastal Wisdom hidayat stang, Rahmat; Kurniati, Kurniati; Ilyas, Musyfikah
El-kahfi | Jurnal Ekonomi Islam Vol 6 No 02 (2025): Islamics Economics
Publisher : Sekolah Tinggi Ekonomi Syariah Manna Wa Salwa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58958/elkahfi.v6i02.522

Abstract

The Larung Sesaji or Sedekah Laut tradition is one expression of local wisdom among coastal communities in Indonesia, embodying values of gratitude, social solidarity, and ecological spirituality. This study aims to examine how this tradition represents a form of syncretism between Islamic teachings and local culture within the context of coastal society. Employing a literature review (library research) method, the study explores various up-to-date academic sources that discuss the dialectical relationship between Islamic law, cultural anthropology, and the sociology of religion. The findings indicate that Larung Sesaji has undergone a process of religious reinterpretation through the living Islam approach, in which traditional elements considered problematic are reconstructed into symbols of gratitude and charitable giving (sedekah) aligned with the values of tawhid. This tradition also serves significant social functions, including fostering social cohesion, strengthening cultural identity, and promoting environmental awareness. The syncretism observed is not a form of deviation, but rather an adaptive strategy employed by the community to maintain harmony between faith and custom. Thus, Larung Sesaji reflects a contextual practice of Islam Nusantara that is deeply rooted in the cultural wisdom of coastal communities.
Productive Zakat between Self-Reliance and Capitalistic Rationality: An Islamic Economic Philosophy Perspective Febri Yolanda, Dwi; Iska, Syukri
El-kahfi | Jurnal Ekonomi Islam Vol 6 No 02 (2025): Islamics Economics
Publisher : Sekolah Tinggi Ekonomi Syariah Manna Wa Salwa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58958/elkahfi.v6i02.620

Abstract

Zakat is a fundamental instrument in Islamic economics that functions not merely as a mechanism of wealth redistribution, but also as a means of moral-based social transformation. However, contemporary zakat practices in Indonesia reveal a paradox between the normative objective of empowerment and the dominance of consumptive and technocratic distribution models. This article aims to critically examine productive zakat from the perspective of Islamic economic philosophy by addressing the tension between its normative ideals and practical implementation. This study employs a critical literature review method using a normative-philosophical approach combined with empirical analysis of zakat practices in Indonesia, drawing on classical, contemporary, and recent scholarly works. The findings indicate that productive zakat possesses strong normative legitimacy and significant empowerment potential, yet its effectiveness is conditional and highly dependent on institutional design, sustained assistance, and the socio-economic context of beneficiaries. The study also identifies the risk of reducing productive zakat to capitalist rationality, which may undermine its moral objectives. Accordingly, this article proposes a conceptual reconstruction of productive zakat based on Islamic moral economy, positioning productivity as a means, independence as a gradual process, and institutional assistance as an ethical obligation.

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