cover
Article Per Year (5 Year)
All
Home Page
OAI Link
Editorial Team
Contact
Reviewer
Google Scholar
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
Published by Institut Agama Islam Negeri Ponorogo
ISSN : 27764982     EISSN : 27764354     DOI : http://dx.doi.org/10.21154/invest
Core Subject : Religion, Economy, Humanities, Social,
Religion Humanities Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice Social Sciences
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 123 Documents
 9   10   11   12   13 
The Forfeiture of Corruption Assets and the Legal Position of Innocent Third Parties: Normative Challenges and Policy Gaps Syauqi Huda, Kholilah Delvi; Yuliati, Yuliati; Sugiri, Bambang
Invest Journal of Sharia & Economic Law Vol. 5 No. 1 (2025)
Publisher : Institut Agama Islam Negeri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/invest.v5i1.10546

Abstract

The asset forfeiture of corruption proceeds is essential for recovering state losses and preventing criminals from benefiting economically from their crimes. However, this policy raises legal challenges when assets are in the hands of third parties acting in good faith. This study aims to explore the economic rights of such third parties and examine the legal protection of their rights during the seizure of assets derived from corruption. This study employs a normative juridical approach, utilizing statutory, conceptual, and case analyses. The findings reveal an imbalance between asset forfeiture policies and the principle of justice for third parties who acquire assets legally. Although regulations govern objections from good-faith third parties, practical implementation still faces difficulties in terms of proof and legal interpretation. Thus, this study suggests the need for more detailed regulatory reforms to ensure the fair protection of the economic rights of good-faith third parties while facilitating the recovery of state assets.
Studying Intention to Use Sharia E-Commerce on Generation Z Muslims in Central Java Using Technology Acceptance Model and Extended Theory of Planned Behaviour Maharani, Dita Indah; Bih, Kafa
Invest Journal of Sharia & Economic Law Vol. 5 No. 2 (2025)
Publisher : Institut Agama Islam Negeri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/invest.v5i2.10392

Abstract

This study analyzes the factors influencing Sharia e-commerce adoption among Generation Z Muslims in Central Java using the Technology Acceptance Model and Extended Theory of Planned Behavior. Data collected from 125 respondents were analyzed using SmartPLS. The results show that all constructs positively influenced the intention to use Sharia e-commerce. Perceived Ease of Use had the greatest influence on Perceived Usefulness, followed by Ihsan and religiousness on attitudes Towards behavior. The integration of Ihsan and religiosity reflects the role of religious values in shaping e-commerce attitudes among Generation Z. From an institutional economics perspective, religiosity and Ihsan function as informal institutions that direct economic behavior. The bounded rationality framework shows that individuals are influenced by social and religious values during decision making. These findings encourage e-commerce players to consider transparency, security, and compliance with Sharia. Policymakers should support Sharia e-commerce guidelines and incentivize ethical digital platforms. Collaboration among regulators, Islamic financial authorities, and the National Sharia Council is needed for uniform digital economy standards.
Empowering Mustahiq Through Productive Zakat: A Maqashid Sharia Analysis of The "Surabaya Berdaya" Program Ahmad Muqorobin; Ussholihah, Maritza
Invest Journal of Sharia & Economic Law Vol. 5 No. 2 (2025)
Publisher : Institut Agama Islam Negeri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/invest.v5i2.10439

Abstract

This study evaluates the "Surabaya Berdaya" program initiated by BAZNAS Surabaya as a model of productive zakat aimed at empowering mustahiq through sustainable economic development. Grounded in the Maqashid Shariah framework, particularly the objective of Hifz al-Mal(protection of wealth), this study investigates the effectiveness of the program in transforming zakat beneficiaries into independent economic actors. A qualitative descriptive approach was employed, with data collected through interviews with program implementers and mustahiq, direct observations, and documentation analyses. The interview data were further analyzed using open coding techniques, allowing the emergence of key themes that were subsequently mapped to empowerment indicators. Verbatim quotations selected from informants were included to enhance methodological rigor and authenticity. The programme offers business capital, vocational training, business equipment, and ongoing mentoring to support micro-entrepreneurship. Field findings indicated increased income levels, improved financial literacy, and enhanced self-confidence among participants. Empowerment was observed through multidimensional indicators, such as self-agency, skill acquisition, resilience, and cooperative networks. The analysis shows that zakat utilization in this program aligns effectively with Maqashid Shariah, when combined with ethical governance, contextual sensitivity, and post-disbursement support. However, disparities in outcomes highlight the need for adaptive mentoring and personalized empowerment pathways. This study contributes to the growing literature on Islamic social finance by offering empirical insights into the operationalization of Maqashid Shariah in urban zakat programmes. It recommends further research into the long-term impact, integration with digital zakat systems, and policy innovation to enhance program scalability and effectiveness.
Reforming Indonesia's Approach to Transfer of Sentenced Persons: A Maqāṣid al-Sharīʿa Framework and a Comparative Analysis of ASEAN and European Models Sriwidodo, Joko; Saputra, Rahmat; Widodo, Akmal Alfarisi
Invest Journal of Sharia & Economic Law Vol. 5 No. 2 (2025)
Publisher : Institut Agama Islam Negeri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/invest.v5i2.10499

Abstract

This study examines the legal and humanitarian challenges faced by Indonesian migrant workers imprisoned abroad and the urgency of establishing a clear legal mechanism for the transfer of sentenced persons (ToSP) between Indonesia and other countries.  ​Recent cases from Myanmar, Malaysia, and Saudi Arabia reveal persistent gaps in Indonesia's legal framework, leaving migrant workers vulnerable to unjust criminalization, disproportionate punishment, and prolonged detention without a predictable pathway for repatriation. The study finds that Indonesia's current approach relies heavily on ad hoc diplomatic negotiations rather than enforceable legal procedures, contravening the rehabilitative and humane treatment principles enshrined in international conventions, such as UNCAC Article 45 and UNTOC Article 17. Comparative analysis further reveals the absence of an ASEAN-wide prisoner transfer mechanism, unlike the comprehensive European Convention on the Transfer of Sentenced Persons. To address these deficiencies, this study proposes a two-pronged reform agenda: enacting a dedicated Indonesian National Law on ToSP and advocating an ASEAN Protocol on Prisoner Transfer. Crucially, the study reinterprets the issue through the lens of maqāṣid al-sharīʿa, positioning the protection of migrant workers' lives (ḥifẓ al-nafs), family well-being (ḥifẓ al-nasl), and economic welfare (ḥifẓ al-māl) as ethical imperatives that transcend the procedural limits of positive law. This maqāṣid-based framework transformed the ToSP regime from diplomatic discretion to a legally mandated restorative justice mechanism. The study concludes that aligning Indonesia's domestic legislation, bilateral agreements, and ASEAN advocacy with maqāṣid principles would establish a more humane, rehabilitative, and socially responsive transnational criminal justice system for migrant workers.
Capital Accounting Based on Local Cultural Values by Gorontalo Travelers to Mecca Thalib, Mohamad Anwar; Mohamad, Roni
Invest Journal of Sharia & Economic Law Vol. 5 No. 2 (2025)
Publisher : Institut Agama Islam Negeri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/invest.v5i2.10512

Abstract

This study aims to understand the capital accounting practices of travelers from Gorontalo to Mecca using bicycles based on local cultural values. This study is positioned within the Islamic paradigm using an Islamic ethno-methodology approach. The data analysis method consisted of five stages: charity, knowledge, faith, revelation-based information, and courtesy. The findings show that the primary sources of capital are merchandise sales and support from friends and fellow Muslims. This capital is used to finance travel necessities, including food, accommodation, and bicycle repairs, as well as charity throughout the journey. In practice, initial capital recording was done in writing, but as the journey progressed, financial records were retained only in memory. This reflects a non-material value-based accounting concept in which the belief in sustenance predestined by the Creator serves as the primary foundation for financial management. Additionally, in Gorontalo’s Islamic culture, this belief is reflected in the phrase Diila o, onto, bo wolu-woluwo, meaning "unseen but existent." This phrase teaches that in life, one should not only focus on visible aspects, but also appreciate the existence of the unseen but real. These findings indicate that capital accounting practices in this journey are not solely focused on financial recording, but also encompass broader spiritual and social values.
Student Finance and the Islamic Prohibition on Interest-Based Loans: Does the UK Have a Legal Obligation to Offer Muslim University Students an Alternative Student Loan Scheme Which Aligns with Islamic Law? Al - Astewani, Amin; Sallam, Ahmed
Invest Journal of Sharia & Economic Law Vol. 5 No. 2 (2025)
Publisher : Institut Agama Islam Negeri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/invest.v5i2.11734

Abstract

Access to higher education in the United Kingdom is governed by a comprehensive legal framework that upholds equality and prohibits discrimination under domestic and international law. Nevertheless, the current student finance system poses significant challenges for adherents of Islam due to the Islamic prohibition on usury, which is inherent in the interest charged on conventional student loans. This financial exclusion extends beyond matters of religious accommodation, as it directly implicates the fundamental right to education and the principle of equality. This study explores whether the UK government has a legal obligation to provide adequate alternative student loan schemes aligned with Islamic principles to ensure equitable access to higher education. It critically examines the UK’s obligations under international human rights law and domestic legislation, focusing on the right to education and the principles of equality and non-discrimination.
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.
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.

Page 12 of 13 | Total Record : 123

 9   10   11   12   13 

Filter by Year

2021 2025


Reset
Filter By Issues
All Issue Vol. 5 No. 2 (2025) Vol. 5 No. 1 (2025) Vol. 4 No. 2 (2024) Vol. 4 No. 1 (2024) Vol. 3 No. 2 (2023): INVEST - Vol. 3 No. 2 (2023) Vol. 3 No. 1 (2023): INVEST - Vol. 3 No. 1 (2023) Vol. 3 No. 2 (2023) Vol. 3 No. 1 (2023) Vol. 2 No. 2 (2022): INVEST - Vol. 2 No. 2 (2022) Vol. 2 No. 1 (2022): INVEST - Vol. 2 No. 1 (2022) Vol. 2 No. 2 (2022) Vol. 2 No. 1 (2022) Vol. 1 No. 2 (2021): INVEST - Vol. 1 No. 2 (2021) Vol. 1 No. 1 (2021): INVEST - Vol. 1 No. 1 (2021) Vol. 1 No. 2 (2021) Vol. 1 No. 1 (2021) More Issue