cover
Contact Name
Soleh Hasan Wahid
Contact Email
wahid@iainponorogo.ac.id
Phone
+6281335727774
Journal Mail Official
invest@iainponorogo.ac.id
Editorial Address
Jl. Puspita Jaya, Krajan, Pintu, Kec. Jenangan, Kabupaten Ponorogo, Jawa Timur 63492
Location
Kab. ponorogo,
Jawa timur
INDONESIA
Invest Journal of Sharia & Economic Law
ISSN : 27764982     EISSN : 27764354     DOI : http://dx.doi.org/10.21154/invest
Invest Journal of Sharia & Economic Law, E-ISSN: published by the Sharia Faculty, IAIN Ponorogo, Indonesia. This journal is published every July and December. The Invest Journal focuses on the results of field studies and literature studies in Islamic economic law, especially the integrative study of Islamic economic law in Southeast Asia. This journal publishes original articles on current international issues and trends regarding Sharia economic law, policy, law, social issues to advance knowledge of the theory and practice of Sharia economic law. The Invest Journal of Sharia & Economic Law specializes in research results either theoretically, a particular approach, or geographically in the fields of: Sharia economic law Sharia business law Sharia banking law Sharia financial institution law Non-bank financial industry Fatwa Islamic economics Islamic law Economic Law Business Law Financial Law
Arjuna Subject : Ilmu Sosial - Hukum
Articles 18 Documents
Search results for , issue "Vol. 4 No. 1 (2024)" : 18 Documents clear
Fiqh al-Bī'ah and the Concept of Green and Blue Economy for Achieving Sustainable Development in the Context of SDGs Latifah, Eny
Invest Journal of Sharia & Economic Law Vol. 4 No. 1 (2024)
Publisher : Institut Agama Islam Negeri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/invest.v4i1.7732

Abstract

This study aims to explore existing literature on Fiqh al-Bī’ah's role in the Green and Blue Economy concepts to achieve Sustainable Development, specifically examining implementation, principles, roles, and objectives aligned with Maqāṣid al-Sharī‘ah. The literature review identified two primary themes: first, the SDGs' foundational principles within the green and blue economy frameworks, and second, Fiqh al-Bī’ah's viewpoint on these economic models. The findings demonstrate the enactment of green and blue economies through SDGs Principles, incorporating people as principal agents in upholding and executing the green and blue economy to realize SDGs across multiple facets, including environmental, social, economic, and legal governance; Planet, which entails diverse measures to safeguard the earth from degradation in terrestrial, marine, and aerial realms; Prosperity, highlighting efforts towards achieving prosperity through economic, social, and technological initiatives; Peace, emphasizing endeavors towards establishing peace, justice, and an inclusive society free from fear and violence, alongside securing environmental safety; and Partnership, involving collaborative efforts in global development with both government and non-government entities to maintain and conserve the environment. Additionally, Fiqh al-Bī’ah in the Green Economy is characterized by safeguarding the body and soul, aligning worldly and afterlife goals, ensuring balanced production and consumption, preserving ecosystem equilibrium, upholding the dignity of all beings, and humans fulfilling their stewardship on earth. The Blue Economy includes Zero Waste, ecosystem protection, promoting environmental cleanliness and friendliness, resource utilization efficiency, and encouraging social inclusiveness and employment creation.
Financial Inclusion in Muslim-Majority Countries: Overcoming Economic and Social Challenges Through Islamic Lending Ahmed Hassan, Ramzi Abdullah
Invest Journal of Sharia & Economic Law Vol. 4 No. 1 (2024)
Publisher : Institut Agama Islam Negeri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/invest.v4i1.8340

Abstract

This study explores the impact of Islamic loans on promoting financial inclusion and addressing socio-economic issues in Muslim-majority countries.   It compares Islamic loans with other financial instruments to demonstrate their contribution to creating an inclusive financial system.The research analyzes the challenges associated with using Islamic loans to enhance financial inclusiveness and mitigate economic and social challenges. The research explores the unique characteristics of Islamic loans and their impact on financial accessibility, savings, credit availability, and comprehensive banking services through a comparative descriptive methodology, including a literature review and data analysis. The study's findings reveal that Islamic finance presents opportunities for financial inclusion. However, there are several obstacles that need to be addressed, including regulatory and legal frameworks, scalability issues, global integration, public awareness, and technical accessibility. To promote the adoption of Islamic finance and advance financial inclusion, collaboration among regulatory bodies, financial institutions, legislators, and the public is crucial. Further research and the development of effective strategies are necessary to promote financial inclusion in the Islamic economy.
Diagnosing Qur’ānic Precepts on Wealth Creation in Digital Age Okanlawon, Sidiq Uthman; Zagoon-Sayeed, Haruna; Salisu, Taiwo Moshood
Invest Journal of Sharia & Economic Law Vol. 4 No. 1 (2024)
Publisher : Institut Agama Islam Negeri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/invest.v4i1.8422

Abstract

This study examines how Islamic economic principles can provide guidance for ethical wealth creation, protection, and distribution in the rapidly evolving digital economy, particularly in the face of cybercrime and financial scams. The research investigates the adaptability of Islamic teachings to digital economic activities, emphasizing the importance of lawful enterprise and social responsibility. The study employs qualitative analysis of Qur'anic precepts, Hadiths, and contemporary Islamic scholarship. The findings reveal that Islamic wealth management principles are not only compatible with but also vital for navigating the complexities of the digital age. These principles advocate for ethical earning, robust protection of wealth through cybersecurity measures, and the socially responsible distribution of wealth. The study emphasizes the necessity for precise legal frameworks that align with Islamic ethical standards in digital commerce, alongside a strong emphasis on education regarding digital economic activities within an Islamic framework. Engaging in the digital economy under Islamic guidelines is feasible and advantageous, highlighting the critical role of international cooperation among Muslim countries to combat cybercrime and ensure a secure, equitable digital economic environment. This approach fosters economic resilience and social welfare in accordance with Islamic values.
Corruption In Morocco-A Sectorial Analysis Igbida, Issam; Essaid, Tarbalouti
Invest Journal of Sharia & Economic Law Vol. 4 No. 1 (2024)
Publisher : Institut Agama Islam Negeri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/invest.v4i1.8473

Abstract

Corruption, a pervasive socio-economic problem, has a significant impact on Morocco, reflecting a global challenge that undermines trust in public institutions and hinders development. This phenomenon, often defined as the abuse of public power for private gain, results in widespread citizen distrust of their government and public institutions. Recognizing the critical need to address this issue, Morocco has implemented various strategies and reforms at the institutional and civil society levels to combat corruption. Our study aims to provide a sectoral analysis of corruption in Morocco, assessing the prevalence of corrupt practices and the effectiveness of anti-corruption measures put in place. Using a descriptive methodology, our research relies on secondary data from various databases, including Transparency International's Corruption Perceptions Index (CPI) from 2004 to 2023. This index provides a longitudinal perspective on how perceptions of corruption have evolved in Morocco over the years and serves as a key indicator of the effectiveness of anti-corruption efforts. Our findings indicate that despite these efforts, corruption remains entrenched in several sectors, suggesting that the strategies adopted have not yet succeeded in significantly changing the corruption landscape. This analysis underscores the complexity of fighting corruption in Morocco and highlights the need for continued efforts and innovative strategies to effectively address this endemic problem.
Zakat for Disabilities: Bridging Indonesian State Law and Islamic Law Chandra, Muhammad Fiqih Rizqi; Muhammad Rizky Siddiq
Invest Journal of Sharia & Economic Law Vol. 4 No. 1 (2024)
Publisher : Institut Agama Islam Negeri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/invest.v4i1.8783

Abstract

This study aims to disclose the impact of Islamic law and Indonesian state law on organizing zakat distribution for persons with disabilities. Utilizing a descriptive comparative methodology, this study analyzes how both Islamic law and Indonesian state law influence efforts to provide zakat funds to people with disabilities in Indonesia. We examined scholarly literature, reports, articles on Fiqh Zakat, zakat distribution, the rights of people with disabilities, and regulations to obtain pertinent background knowledge. A comparative analysis assessed the impact of the similarities and differences between these laws on the right to receive zakat. The findings evaluate the contribution of zakat distribution to addressing the needs of people with disabilities from the perspectives of both Islamic law and state law. This study emphasizes the importance of protecting individuals with disabilities in various countries, including those with secular legal frameworks, as a crucial aspect of social policies. It advocates equal access to education, healthcare, and employment opportunities, fostering inclusivity and eliminating discrimination.
Obstacles to sustainable development in the Islamic world Ahmed Bsoul , Labeeb
Invest Journal of Sharia & Economic Law Vol. 4 No. 1 (2024)
Publisher : Institut Agama Islam Negeri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/invest.v4i1.8961

Abstract

This study examines obstacles to sustainable development in the Islamic world through the lens of Islamic teachings and principles. Utilizing a qualitative research approach, this study selected relevant Islamic teachings on sustainability, cases of sustainable development in Islamic countries, and places facing specific challenges. Primary data were gathered from religious texts, while secondary data were collected from a comprehensive literature review, including the Quran, Hadith, and scholarly articles. The research process involves extensive literature review and data analysis through data reduction to identify key themes, with comparative analysis highlighting the differences and similarities between Islamic and non-Islamic countries' approaches. The key obstacles identified included corruption, social injustice, and wealth inequality. This study advocates for a comprehensive approach guided by scholars, policymakers, and local communities, involving the reinterpretation and implementation of Islamic values in development strategies. Education and awareness campaigns are proposed to empower individuals with the knowledge required to make ethical choices. By integrating scientific advancements with traditional wisdom, this study underscores the need to ensure that progress aligns with Islamic teachings of compassion, justice, and responsible stewardship.
Developing Halal Tourism in Ngebel Lake Ponorogo: An Analysis of DSN MUI Fatwa Number 108/DSN-MUI/X/2016 Sodiq, Auliya Ja'far; Anggraini, Rooza Meilia
Invest Journal of Sharia & Economic Law Vol. 4 No. 1 (2024)
Publisher : Institut Agama Islam Negeri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/invest.v4i1.8977

Abstract

This research aims to determine how to develop a Halal Tourism Area in Ngebel Lake Ponorogo in terms of DSN MUI Fatwa Number 108/DSN-MUI/X/2016. There are two discussions, namely: 1) How to implement halal tourism development in Ngebel Lake Ponorogo based on DSN-MUI Fatwa Number 108/DSN-MUI/X/2016 Guidelines for Organizing Tourism Based on Sharia Principles. 2) What is the inhibiting and supporting factors in the development of the Ngebel Lake Ponorogo tourism area based on the DSN-MUI Fatwa Number 108/DSN-MUI/X/2016 Guidelines for Organizing Tourism Based on Sharia Principles? The type of research carried out by the researchers is field research using qualitative methods. Data collection techniques included observation, interviews, and documentation. The data analysis method used by researchers is inductive. The research results show that, first, the implementation of development based on DSN-MUI Fatwa Number 108/DSN-MUI/X/2016 has not been fully carried out in accordance with the guidelines for implementing halal tourism, even though it has fulfilled several development aspects as stated in the fatwa, namely, related to the provision of tourist-friendly Muslim facilities and services. Second, the fulfillment of implementation factors in accordance with DSN-MUI Fatwa Number 108/DSN-MUI/X/2016 influenced the success factors in supporting halal tourism activities at Ngebel Lake Ponorogo. However, the non-implementation of some of the supporting factors has created an obstacle in developing halal tourism in the Ngebel Lake Ponorogo area because it has not been implemented, as stated in the implementation guidelines according to Fatwa.
Normativity of Consumer Protection in the Perspective of Maqāṣid Sharīʿah: An Analysis of the Effectiveness of Laws Related to Personal Data Protection in WhatsApp Application Users Mailiena, Cristine; Tanzilulloh, M Ilham
Invest Journal of Sharia & Economic Law Vol. 4 No. 1 (2024)
Publisher : Institut Agama Islam Negeri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/invest.v4i1.9004

Abstract

Personal data security is the right of every person to protect their personal data confidentially. This research discusses regulations for consumer protection, personal data protection, and their implementation from the perspective of the maqāṣid sharīʿah. The aim of this research is to determine the extent to which laws related to consumer data protection have been implemented to prevent leaks in the personal data of WhatsApp application users. This study used a qualitative approach with normative empirical research methods. Normative research examines Law No. 8 of 1999 concerning Consumer Protection and Law No. 27 of 2022 concerning Personal Data Protection, while empirical research examines the implementation of these regulations. Researchers draw the conclusion that regulations related to the protection of consumers' personal data and their implementation fall within the concept of maqāṣid sharīʿah, especially the basic principle of maintaining one's honor (ḥifẓ al-ʿirḍ) because these regulations were made to protect one's privacy.
A Jurisprudential Review of Business Competition Practices on the Shopee Platform: Unfair Practices and Their Impact on Small Businesses Munawaroh, Diyan
Invest Journal of Sharia & Economic Law Vol. 4 No. 1 (2024)
Publisher : Institut Agama Islam Negeri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/invest.v4i1.9005

Abstract

The rapid development of technology has transformed conventional business practices, with digital platforms such as Shopee providing innovative features, such as live streaming and flash sales. However, these features have the potential to enable unfair business competition. This study examines the impact of live streaming on Shopee Live and Toko Saya flash sales on a Shopee platform from the perspective of business competition. Using a qualitative approach, this study focuses on the policies and practices surrounding these features. The findings reveal that while certain promotional practices are legitimate, the ongoing practice of providing conditional discounts and low prices may violate business competition laws and principles of business competition jurisprudence in Islam. Sellers and buyers have indicated that these practices are not based on the principles of honesty and balance and can be detrimental to smaller businesses with limited capital. This study highlights the need for businesses to prioritize moral ethics and adhere to religious and state rules to create a fair and competitive market that protects consumer rights. As digital platforms continue to grow, it is crucial to address the potential for unhealthy business competition and to ensure that all parties, including conventional business actors, can participate fairly in the market.
Fiqh al-Bī'ah and the Concept of Green and Blue Economy for Achieving Sustainable Development in the Context of SDGs Latifah, Eny
Invest Journal of Sharia & Economic Law Vol. 4 No. 1 (2024)
Publisher : Institut Agama Islam Negeri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/invest.v4i1.7732

Abstract

This study aims to explore existing literature on Fiqh al-Bīʾah's role in the Green and Blue Economy concepts to achieve Sustainable Development, specifically examining implementation, principles, roles, and objectives aligned with Maqāṣid al-Sharīʿah. The literature review identified two primary themes: first, the SDGs' foundational principles within the green and blue economy frameworks, and second, Fiqh al-Bīʾah's viewpoint on these economic models. The findings demonstrate the enactment of green and blue economies through SDGs Principles, incorporating people as principal agents in upholding and executing the green and blue economy to realize SDGs across multiple facets, including environmental, social, economic, and legal governance; Planet, which entails diverse measures to safeguard the earth from degradation in terrestrial, marine, and aerial realms; Prosperity, highlighting efforts towards achieving prosperity through economic, social, and technological initiatives; Peace, emphasizing endeavors towards establishing peace, justice, and an inclusive society free from fear and violence, alongside securing environmental safety; and Partnership, involving collaborative efforts in global development with both government and non-government entities to maintain and conserve the environment. Additionally, Fiqh al-Bīʾah in the Green Economy is characterized by safeguarding the body and soul, aligning worldly and afterlife goals, ensuring balanced production and consumption, preserving ecosystem equilibrium, upholding the dignity of all beings, and humans fulfilling their stewardship on earth. The Blue Economy includes Zero Waste, ecosystem protection, promoting environmental cleanliness and friendliness, resource utilization efficiency, and encouraging social inclusiveness and employment creation.

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