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Opik Rozikin
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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 3 Documents
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Search results for , issue "Vol. 13 No. 1 (2026): January" : 3 Documents clear
Connecting ISF to ISEs for Decent Work (SDG 8): A Conceptual Framework Syamsuri; Nurafni, Fina; Ahmad Havid Jakiyudin; Mohammad Taqiuddin Mohamad
Al-Muamalat: Jurnal Ekonomi Syariah Vol. 13 No. 1 (2026): 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.v13i1.49387

Abstract

Achieving inclusive economic growth and decent work remains a persistent challenge in many developing economies, particularly among marginalized and vulnerable groups. Therefore, this study aims to connect Islamic Social Finance (ISF) with Islamic Social Enterprises (ISEs) as a conceptual pathway for advancing Sustainable Development Goal (SDG) 8. Peer-reviewed academic and policy-oriented literature is analyzed to integrate the mechanisms of zakat, infaq, ṣadaqah, and waqf into social enterprise models using a qualitative content analysis. The results show that ISF functions as a strategic financing instrument that supports job creation, inclusive entrepreneurship, and sustainable economic participation based on the reviewed literature when used beyond consumptive charity and embedded within enterprise-based structures. Additionally, the conceptual connection between ISF and ISEs is conditioned by productive orientation, institutional integration, and governance quality. An integrative theoretical framework is proposed to connect ISF instruments, ISE operational mechanisms, and SDG 8 targets, offering insights for policymakers, ISF institutions, and social enterprises seeking to promote decent work and inclusive economic growth.
Al-Syaibānī Conception of Work in Kitāb al-Kasb and the Relevance to Gig Economy Aufa, Naufatti; Akbar, Wahyu; Monady, Hanief; Hafizi, Muhammad Riza; Muhaimin
Al-Muamalat: Jurnal Ekonomi Syariah Vol. 13 No. 1 (2026): 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.v13i1.51601

Abstract

Gig economy, often promoted as a flexible labor solution, has led to structural issues including worker vulnerability, unequal relationships, and a diminished sense of work. This research analyzes the relevance of al-Imām al-Syaibānī concept of work through the Al-Kasb framework as a normative critique of gig economy practices and an ethical foundation for the digital economy. A normative-historical literature review method addresses the gap between gig economy's conceptual suitability with Islamic values and persistent empirical problems. Analysis includes critical reading of the Book of Al-Kasb, review of contemporary gig economy literature, and thematic analysis mapping conceptual correspondences. Results reveal three main points of convergence: the link between self-resilience and farḍu ‘ayn, consistency of workforce diversity with farḍu kifāyah, and conceptual alignment between platform symbiosis and mu'āwanah principle. However, the core issue lies in the failure to internalize Al-Kasb's spiritual-ethical dimensions within platform work practices. Theoretical contributions expand Al-Kasb as a framework for evaluating digital work. Practically, findings suggest strengthening gig workers' spirituality, enhancing platform social responsibility, and formulating justice-oriented protection policies. This research is limited by the absence of empirical testing on Muslim gig workers' subjective experiences.
A Normative Analysis of DSN-MUI Fatwa No. 154/DSN-MUI/V/2023 and Its Implications for Sharia ETF Governance in Indonesia Setiawan bin Lahuri; Alfi Khilmi Khusnia; Yulizar Djamaluddin Sanrego; Khoirul Umam; Muchammad Taufiq Affandi
Al-Muamalat: Jurnal Ekonomi Syariah Vol. 13 No. 1 (2026): 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.v13i1.52282

Abstract

The rapid development of Islamic finance has increased demand for Sharia-compliant investment instruments, including Sharia Exchange-Traded Funds (ETF). In Indonesia, Sharia ETF governance faces regulatory fragmentation and legal uncertainty, particularly concerning the integration of Sharia principles into capital market regulations. Existing studies have predominantly examined performance aspects or formal compliance processes, while the role of fatwas as operational governance instruments remains understudied. This research examines the National Sharia Board-Indonesian Council of Ulama (DSN-MUI) Fatwa No. 154 of 2023 as a Sharia governance instrument. A normative juridical approach is employed to analyze the provisions within the fatwa, Financial Services Authority (OJK) regulations, and operational practices of Sharia ETF on the Indonesia Stock Exchange (IDX). Data analysis was conducted using thematic methods based on the dimensions of Sharia governance, transparency, and law enforcement. The findings indicate that although Fatwa No. 154 provides legal clarity and certainty, the fatwa remains at a normative level and lacks operational standards that can be implemented in disclosure, reporting, and supervision aspects. Consequently, Sharia compliance risks ceasing at a formalistic stage without effective integration with capital market regulations. This research contributes to Islamic financial governance literature by offering a conceptual framework that positions fatwa as a regulatory instrument within Sharia capital market governance. The implications emphasize the need for regulatory strengthening and enhanced inter-institutional coordination to realize more effective Sharia ETF governance.

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