cover
Article Per Year (5 Year)
All
Home Page
OAI Link
Editorial Team
Contact
Reviewer
Google Scholar
Contact Name
Opik Rozikin
Contact Email
rozikinopik@gmail.com
Phone
+6285862536992
Journal Mail Official
jurnalal-muamalat@uinsgd.ac.id
Editorial Address
Jl. AH. Nasuiton No. 105 Cibiru Kota Bandung
Location
Kota bandung,
Jawa barat
INDONESIA
Al-Muamalat : Jurnal Ekonomi Syariah
Published by Universitas Islam Negeri Sunan Gunung Djati Bandung
ISSN : 20863225     EISSN : 27160610     DOI : 10.15575/am
Core Subject : Economy, Humanities, Social,
Humanities Economics, Econometrics & Finance Social Sciences
Al-Muamalat: Jurnal Ekonomi Syariah is a journal that focuses on the development of Islamic Economics. The journal comprehensively examines various aspects of current and emerging laws and economics relevant to the field. The journal board welcomes articles from scholars, professionals, researchers, and students as a collective effort toward the advancement of Islamic economics, submitted manuscripts will be published and disseminated. The journal releases new issues twice annually, in January and July. Al-Muamalat: Jurnal Ekonomi Syariah focuses on the main issues in the development of Islamic Economics, covering conceptual ideas and research findings related to the following areas: 1. Islamic Economics Law 2. Islamic Banking and Finance 3. Islamic Business 4. Islamic Law 5. Islamic Marketing 6. Islamic Philanthropy 7. Islamic Human Capital 8. Halal Supply Chain Management 9. Halal Industry 10. Other Topics Related to Islamic Economics
Arjuna Subject : Ilmu Sosial - Ilmu Sosial (Lain-Lain)
Articles 10 Documents
 1 
Search results for , issue "Vol. 12 No. 1 (2025): January" : 10 Documents clear
Analysis of Qawa’id Fiqhiyyah in the Utilization of Zakat as a Solution to Illegal Online Loans Efendi, Nur; Bisri, Hasan; Yunus, Ayi; Luminaries, Rayan Asa
Al-Muamalat: Jurnal Ekonomi Syariah Vol. 12 No. 1 (2025): January
Publisher : Department of Sharia Economic Law, Faculty Sharia and Law, UIN Sunan Gunung Djati Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15575/am.v12i1.40687

Abstract

The phenomenon of online loans has become a pressing societal issue, affecting many individuals struggling with debt repayment, contributing to rising suicide rates. Zakat, as an Islamic social finance instrument, should help mitigate these negative impacts. This article examines the utilization of zakat funds as a solution to the online loan crisis from the perspective of Qawa’id Fiqhiyyah (Islamic legal maxims). Using a normative juridical approach with descriptive analysis, this study explores the application of Qawa’id Fiqhiyyah in utilizing zakat funds to address online loan issues. The findings reveal that zakat can address online loan problems, aligning with the maxim that “harm must be eliminated.” Borrowers often experience harm, such as threats, intimidation, and data breaches when they cannot repay debts. Zakat offers assistance to victims, helping them avoid actions violating Islamic principles, in line with the maxim “hardship brings ease.” However, borrowers must meet the gharim criteria, especially if the loans were used to purchase prohibited items under Islamic law. This study provides a novel perspective on zakat by employing the Qawa’id Fiqhiyyah approach to tackle the issue of online loans in Indonesia.
The Effect of the Human Development Index on Environmental Performance Index Measurement: A Maqāṣid al-Sharī’ah Perspective Widodo, Prima Ariyo; Isman, Isman; Risdayani, Risdayani; Budiman, Mamdukh
Al-Muamalat: Jurnal Ekonomi Syariah Vol. 12 No. 1 (2025): January
Publisher : Department of Sharia Economic Law, Faculty Sharia and Law, UIN Sunan Gunung Djati Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15575/am.v12i1.40838

Abstract

This research aims to evaluate the improvement in the Human Development Index (HDI), which encompasses health, education, and income, between 2021 and 2023. Furthermore, this research analyses the relationship between the human development index and the environmental performance index from the perspective of Maqāṣid al-Shari’ah. Employing a mixed-methods approach, this study integrates qualitative and quantitative methodologies. The quantitative method uses linear regression for data analysis and interpretation with descriptive pattern qualitative analysis. The findings reveal a negative correlation between Indonesia's HDI and its EPI. Individuals with higher levels of education, better health, and increased income tend to exhibit greater awareness of environmental sustainability. This finding supports Maqāṣid al-Shari’ah, which emphasizes the importance of protecting life, education, property and offspring. Improving human welfare and protecting the environment are key to achieving sustainable development. Government policies should simultaneously promote human development and environmental protection. This fostered sustainable prosperity in line with the principles of Maqāṣid al-Shari’ah.
Jasser Auda's Maqāṣid al-Sharī’ah: Transforming Professional Zakat for People's Welfare Huda, M Ikhwanul; Kaamilah, Ummi Fadliyati; El Hijri, Muhammad Faqihuddin
Al-Muamalat: Jurnal Ekonomi Syariah Vol. 12 No. 1 (2025): January
Publisher : Department of Sharia Economic Law, Faculty Sharia and Law, UIN Sunan Gunung Djati Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15575/am.v12i1.40952

Abstract

In the current era, professions are increasingly diverse and offer substantial incomes, especially in Indonesia. The Indonesian Ulema Council (MUI) responded to the problem by issuing MUI Fatwa No. 3 Year 2003, which addresses the obligation of paying zakat on professional income. This research aims to discuss the welfare and social justice efforts made by MUI, providing confirmation of the obligation to pay professional zakat. This research employs a normative juridical approach, focusing on statutory analysis. The data used are MUI Fatwa Number 3 Year 2003 and previous studies related to Maqāṣid al-Shari’ah, then were analyzed through Jasser Auda's Maqāṣid al-Shari’ah theory to explore the role of MUI in efforts to implement social welfare and justice in the implementation of zakat payments. The results show that Jasser Auda's Maqāṣid theory is relevant to professional zakat in the modern era, where its obligation is grounded in the stability of income. In the concept of Wholeness, professional zakat must be paid through an institution or directly to the recipient. Openness equates it with zakat on commerce according to the MUI fatwa, which emphasizes justice. Interrelatedness shows the role of professional zakat in education, while multidimensionality offers flexibility in its empowerment. Finally, Purposefulness emphasizes the purpose of zakat in religious and socio-economic aspects.
The Transformation of the Refund Provisions of Tabarru’ in Islamic Insurance: Fatwa DSN-MUI No. 53/2006 and No. 81/2011 Fitriansyah, Helmi; Rukmini, Neng Vivie Nurfauziah; Al Hakim, Sofian
Al-Muamalat: Jurnal Ekonomi Syariah Vol. 12 No. 1 (2025): January
Publisher : Department of Sharia Economic Law, Faculty Sharia and Law, UIN Sunan Gunung Djati Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15575/am.v12i1.41386

Abstract

This article examines the management of Tabarru’ funds in Islamic insurance by analyzing Fatwa DSN-MUI No. 53/2006 and No. 81/2011, which play a crucial role in addressing operational and legal challenges within the Islamic insurance industry. The background of this study highlights legal uncertainties surrounding the status of Tabarru’ funds, which are defined as non-refundable grants in Fatwa No. 53/2006. In contrast, Fatwa No. 81/2011 introduces flexibility by allowing partial refunds for participants who terminate their contracts early, adapting to market needs. This study employs a normative juridical approach, involving a comprehensive analysis of primary and secondary legal texts, including fatwas DSN-MUI, Islamic legal literature, and case studies on the implementation of these fatwas in the practice of Islamic insurance in Indonesia. The findings indicate that Fatwa No. 81/2011 significantly contributes to the management of Tabarru’ funds by introducing flexibility in refunding participants. The fatwas concerning Tabarru’ funds in Islamic insurance demonstrate that they complement each other in regulating the concept and management of these funds. The operational implications of this study include recommendations to strengthen regulations and transparency in the management of Tabarru’ funds and to enhance the protection of participants' rights.
Bridging Faith and Innovation: A Systematic Literature Review of Islamic FinTech Adoption Patterns and Regulatory Frameworks (2020-2024) Suswanto, Riza Eko; Wahyudi, Ickhsanto; Rahmawati, Rahmawati; Said, Muhammad
Al-Muamalat: Jurnal Ekonomi Syariah Vol. 12 No. 1 (2025): January
Publisher : Department of Sharia Economic Law, Faculty Sharia and Law, UIN Sunan Gunung Djati Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15575/am.v12i1.41417

Abstract

This systematic literature review critically examines the adoption and regulatory frameworks of Islamic Financial Technology (Islamic FinTech) across various jurisdictions between 2020 and 2024. Through an extensive analysis of 28 scholarly articles, the study identifies the key factors influencing adoption, regulatory challenges, and potential growth opportunities in the Islamic FinTech sector. The findings reveal that trust, religious orientation, and technological readiness significantly influence Islamic FinTech adoption. Additionally, the study identifies critical challenges, including Shariah compliance mechanisms, regulatory frameworks, and consumer protection. The novelty of this study lies in its systematic and holistic approach, integrating the analysis of adoption factors, regulatory challenges, and technological innovations within the context of Islamic FinTech. The research emphasizes the importance of developing a comprehensive regulatory framework that balances technological innovation with Shariah compliance, while ensuring consumer protection. This study contributes to the advancement of knowledge on Islamic FinTech by providing practical insights for policymakers, practitioners, and researchers in developing a sustainable Islamic FinTech ecosystem. Furthermore, the study offers concrete recommendations, such as the harmonization of international Shariah standards and the utilization of blockchain technology to enhance transparency, which can be applied in a global context.
The Impact of EPS, PER, CR, and ROE on the Sharia Share Prices on the Indonesia Stock Exchange Umardilopa, Jevi Azi; Projo, Nucke Widowati Kusumo
Al-Muamalat: Jurnal Ekonomi Syariah Vol. 12 No. 1 (2025): January
Publisher : Department of Sharia Economic Law, Faculty Sharia and Law, UIN Sunan Gunung Djati Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15575/am.v12i1.38183

Abstract

The public's demand for Sharia-compliant investment has been increasing in tandem with the growth of the Muslim populations. Between 2019 and 2023, the total number of Sharia-compliant stock firms listed on the Indonesia Stock Exchange (IDX) has consistently remained stable or increased, with no recorded decline. Despite this promising trend, Sharia companies show quite volatile stock price movements. Therefore, conducting a financial ratio analysis is essential. Financial ratios such as Earnings per Share (EPS), Price to Earnings Ratio (PER), Current Ratio (CR), and Return on Equity (ROE) are useful for assessing a company's valuation. This study's novelty lies in integrating Sharia principles with financial ratio analysis to evaluate the financial health of Sharia-compliant firms. This research aims to analyze the influence of EPS, PER, CR, and ROE on the stock prices of Sharia companies. The research utilizes secondary data from the second trimester of 2023, obtained from the IDX. The research employs descriptive and inferential analysis using robust regression. The findings indicate that EPS variable, PER variable, and ROE variable have a positive and significant impact on Sharia stock prices. Conversely, CR has no significant effect and has a negative correlation with the stock prices of Sharia companies. Therefore, investors need to consider the EPS value, PER, and ROE before making investment decisions.
HIT AND RUN: A Phenomenological Study of Manufacturer Experience in E-Commerce Transactions with the Pre-Order System from a Fiqh Muamalah Perspective Asnita, Dessy; Mudrika, Syarifah
Al-Muamalat: Jurnal Ekonomi Syariah Vol. 12 No. 1 (2025): January
Publisher : Department of Sharia Economic Law, Faculty Sharia and Law, UIN Sunan Gunung Djati Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15575/am.v12i1.40958

Abstract

This research examines clothing manufacturers located in Bandung and Bekasi and a distributor in Medan to analyze the impact of the "hit-and-run" phenomenon in e-commerce transactions using the Pre-Order (PO) system. In this model, buyers place orders for products but frequently fail to complete payments or disappear after the items have been produced. This issue leads to stock accumulation, disrupts financial flows, and results in significant economic losses for manufacturers. This study aims to analyze the impact of the "hit-and-run" phenomenon on clothing manufacturers and explore potential solutions to mitigate it. The research method used is a qualitative approach with a descriptive phenomenological type. The research findings show that the "hit-and-run" phenomenon negatively affects manufacturers, creating uncertainty in their business operations. The implications of this study highlight the importance of developing more cautious policies in accepting orders and implementing effective communication strategies to minimize the risk of losses. This research provides an in-depth understanding of the dynamics of e-commerce transactions with the PO system and valuable insights for manufacturers in managing risks and improving their business continuity in a competitive market.
Development of a Sustainability Model for Muslim SMEs in West Java: An Analysis of the Integration between the Triple Bottom Line and Islamic Economic Principles Sudana, Sudana; Awaludin, Latief; Dermawan, Muhammad Jagat; Samudra, Muhammad Gilang; Andika, Galih Pribadi
Al-Muamalat: Jurnal Ekonomi Syariah Vol. 12 No. 1 (2025): January
Publisher : Department of Sharia Economic Law, Faculty Sharia and Law, UIN Sunan Gunung Djati Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15575/am.v12i1.42944

Abstract

This study develops a sustainability model for Muslim SMEs in West Java by integrating the Triple Bottom Line (TBL) and Islamic Economic principles. TBL covers financial, social, and environmental aspects. A qualitative method with a phenomenological approach is used. Data were collected through interviews and analyzed using NVivo. Findings show that Muslim SMEs in West Java prioritize financial and social aspects, with limited attention to the environment. From an Islamic Economic perspective, sustainability includes environmental responsibility as a mandate. Financial practices involving riba, maysir, and gharar increase financial risks and social tensions. The proposed sustainability model integrates TBL and Islamic principles. The key contribution is a model based on Islamic values that guides Muslim SMEs in adapting TBL within a Sharia-compliant framework. This model reduces dependence on riba-based financing, enhances community empowerment, and strengthens environmental management in line with Islamic principles.
Preferences for Capturing Market Share of Halal Products in the 5.0 Era Through the UTAUT-3 Model for MSME in Lhokseumawe City Safwan, Safwan; Maulana, Nora; Mulyani, Rita; Ismail, Ismail
Al-Muamalat: Jurnal Ekonomi Syariah Vol. 12 No. 1 (2025): January
Publisher : Department of Sharia Economic Law, Faculty Sharia and Law, UIN Sunan Gunung Djati Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15575/am.v12i1.40874

Abstract

This study aimed to develop a new model for MSME growth and identify key factors influencing the increase in halal market share among MSME through empirical testing of the Unified Theory of Acceptance and Use of Technology (UTAUT-3). A mixed-method sequential explanatory approach was employed. The sample was selected using purposive sampling, resulting in 70 respondents. Quantitative data were analyzed using the Partial Least Squares Structural Equation Modeling (PLS-SEM) method, while qualitative data were examined through triangulation and the Analytical Network Process (ANP) method. The findings revealed that all independent variables—including performance expectancy, business expectancy, social influence, facilitating conditions, hedonic motivation, price value, habits, and personal innovation—had a significant positive effect on behavioral intentions to use QRIS among MSME actors in Lhokseumawe City. These results highlight the need for more intensive and comprehensive utilization of digital technology to achieve optimal business performance. The adoption of QRIS, strengthening of halal branding, product innovation, and increased competitiveness are strategic steps toward building partnerships with various stakeholders and developing a sustainable halal MSME ecosystem. Supportive government policies and programs are essential for fostering an ecosystem that promotes technology adoption and the growth of halal products in the 5.0 era.
Review of the Success of Collecting Donations for Palestine through Kitabisa.com Ichsan, Nurul; Gymnastiar, Rakha Mulia; Zehra, Maria
Al-Muamalat: Jurnal Ekonomi Syariah Vol. 12 No. 1 (2025): January
Publisher : Department of Sharia Economic Law, Faculty Sharia and Law, UIN Sunan Gunung Djati Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15575/am.v12i1.44059

Abstract

Donating infaq and shodaqah is recommended in Islam. Kitabisa.com provides fundraising services to donate to the campaign for Palestine. This study analyzes the factors influencing the success of collecting infaq and shodaqah donations for Palestine through kitabisa.com. The method used is quantitative, with data collection through questionnaires distributed to 105 people who donated to Palestine at kitabisa.com. Data analysis was carried out using data quality tests and partial least squares (PLS) with the help of SmartPLS3. The dependent variable can be explained by the independent variable by 59.6%, which is classified as moderate. The results showed that religiosity significantly affects donation decisions with a P-value of 0.026. Social influence has no significant effect with a P-Value of 0.696, while project quality significantly affects donation decisions with a P-Value of 0.000. These findings suggest that donors are more likely to donate when they feel influenced to have a strong religious awareness and confidence in the project's quality.

Page 1 of 1 | Total Record : 10

 1 

Filter by Year

2025 2025


Reset
Filter By Issues
All Issue Vol. 12 No. 2 (2025): July Vol 12, No 1 (2025): January (IN PRESS) Vol. 12 No. 1 (2025): January Vol. 11 No. 2 (2024): July Vol 11, No 2 (2024): July Vol. 11 No. 1 (2024): January Vol 11, No 1 (2024): January Vol. 10 No. 2 (2023): July Vol 10, No 2 (2023): July Vol. 10 No. 1 (2023): January Vol 10, No 1 (2023): January Vol. 9 No. 2 (2022): July Vol 9, No 2 (2022): July Vol 9, No 1 (2022): January Vol. 9 No. 1 (2022): January Vol. 8 No. 2 (2021): July Vol 8, No 2 (2021): July Vol. 8 No. 1 (2021): January Vol 8, No 1 (2021): January Vol. 7 No. 2 (2020): July Vol 7, No 2 (2020): July Vol. 7 No. 1 (2020): January Vol 7, No 1 (2020): January Vol 6, No 2 (2019): July Vol. 6 No. 2 (2019): July Vol. 6 No. 1 (2019): January Vol 6, No 1 (2019): January Vol 5, No 2 (2018): July Vol. 5 No. 2 (2018): July Vol 5, No 1 (2018): January Vol. 5 No. 1 (2018): January More Issue