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Milkiyah: Jurnal Hukum Ekonomi Syariah
Published by Sekolah Tinggi Agama Islam Negeri Majene
ISSN : -     EISSN : 25498312     DOI : https://doi.org/10.46870/milkiyah
Core Subject : Religion, Economy, Humanities, Social,
Religion Humanities Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice Social Sciences
Jurnal ini menyediakan kajian empiris dan teori yang berkontribusi pada area keilmuan hukum ekonomi syariah, serta ekonomi dan bisnis Islam.
Arjuna Subject : Ilmu Sosial - Hukum
Articles 54 Documents
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The Islamic Legal Framework of Sadd al‑Zarī‘ah and Environmental Policy: Evaluating the Permissibility of Sea Sand Exports in Indonesia Azyan Zulfany, Ashfa; Al Munawar, Faishal Agil
Milkiyah: Jurnal Hukum Ekonomi Syariah Vol. 5 No. 1 (2026): Milkiyah: Jurnal Hukum Ekonomi Syariah
Publisher : Sekolah Tinggi Agama islam Negeri Majene

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46870/milkiyah.v5i1.1753

Abstract

As an archipelagic country rich in marine sand resources, Indonesia faces a critical dilemma between exploiting this potential for economic gain and ensuring the protection of its marine ecosystems. This issue is central to the analysis of Government Regulation No. 26 of 2023 concerning the Management of Sedimentation Products at Sea, which effectively reopens sea sand exports.  This study aims to examine the sea sand export policy regulated in Government Regulation No. 26 of 2023 and evaluate its compatibility with the Islamic legal principle of Sadd al-Zarī’ah, which prioritises the prevention of harm. Using a normative juridical method that combines legislative and conceptual approaches, this study analyses primary, secondary, and tertiary legal materials. The findings indicate that the regulation contradicts the principles of ecological justice and constitutional mandates (Articles 33 and 28H of the 1945 Constitution), lacks a solid delegative legal basis, and was formulated with insufficient public participation. From the perspective of Sadd al-Zarī’ah, this policy falls under the third category of zarī’ah classified by Ibn Qayyim. This is an action that is permissible (mubah) but causes significant harm (mafsadah). Given that all the conditions for applying Sadd al-Zarī’ah are met, Government Regulation No. 26 of 2023 is considered worthy of revocation and requires revision into a policy that is fair, environmentally friendly, sustainable, and in accordance with sharia and constitutional values. This study notes by urging policymakers to design regulations that truly balance economic interests with long-term ecological sustainability, integrate meaningful public participation, and adopt a preventive legal approach to prevent further environmental degradation.
Integrating Fiqh, Maqasid Sharīa, and ESG: A Proposed Framework for Risk Management in Islamic Banking Sanusi, Sandy Rizki Febriadi; Malik, Zaini Abdul; Senjiati, Ifa Hanifia; Yuniawati, Fitri
Milkiyah: Jurnal Hukum Ekonomi Syariah Vol. 5 No. 1 (2026): Milkiyah: Jurnal Hukum Ekonomi Syariah
Publisher : Sekolah Tinggi Agama islam Negeri Majene

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46870/milkiyah.v5i1.1783

Abstract

Islamic banks are undergoing rapid digital transformation, yet this shift brings new vulnerabilities and increases exposure to climate‑related risks. These challenges indicate that digitalisation is not merely a technological upgrade but a strategic evolution requiring Islamic banks to embed sustainability and resilience at the core of their governance systems. This study aims to explain the integration of Fiqh principles and Maqāṣid Sharīa in Islamic bank risk management and explore the relevance of ESG to risk management. It also seeks to develop an ESG framework aligned with Fiqh and Maqāṣid Sharīa. Using a qualitative descriptive case study approach, this research examines Bank Syariah Indonesia (BSI) as the primary unit of analysis. Data were collected through triangulation (semi‑structured interviews with Sharia authorities and practitioners), document analysis of BSI’s 2023–2024 Sustainability Reports, relevant regulations, and direct observation of ESG implementation. The findings reveal that Fiqh provides the legal foundation for risk governance, while Maqāṣid Sharīa functions as an ethical and teleological compass guiding decision‑making toward public welfare. ESG, in turn, offers operational tools that transform Sharia values into measurable sustainability practices. Evidence from BSI’s initiatives in sustainable financing and digital financial inclusion demonstrates that ESG can operate as a vital instrument for risk mitigation while simultaneously generating positive socio‑environmental impact. Key implications include the need for regulators to develop ESG reporting standards that are integrated with Islamic law, the importance of capacity building for Sharia Supervisory Boards and risk management teams, and the necessity of industry‑wide commitment to sustainability as a driver of long‑term competitiveness and institutional resilience.
Intentions of Halal Meat Exportation among Butchers in the Kano Abattoir Market: Empirical Insights from Nigeria Idris, Muhammad Mukhtar; Isa, Muhammad Aminu; Sulaiman, Sagir Muhammad
Milkiyah: Jurnal Hukum Ekonomi Syariah Vol. 5 No. 1 (2026): Milkiyah: Jurnal Hukum Ekonomi Syariah
Publisher : Sekolah Tinggi Agama islam Negeri Majene

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46870/milkiyah.v5i1.1876

Abstract

The exportation of halal meat represents a strategic business opportunity for Nigeria, yet the potential contribution of local butchers to the global halal market remains largely underutilised. This study examines the determinants of butchers’ intention to export halal meat in the Kano abattoir market, focusing on the roles of perceived benefits, organisational commitment, and government support. Using a descriptive survey design, the study collected cross‑sectional data through self‑administered questionnaires and analysed the responses using Structural Equation Modelling (SEM). The findings reveal that perceived benefits and government support exert significant positive influences on butchers’ export intentions, whereas organisational commitment shows no significant effect. These results underline the importance of strengthening awareness of export-related benefits and enhancing government-led support mechanisms to stimulate participation in halal meat export activities. The study highlights the need for targeted sensitisation programs, strategic financial incentives, trade promotion initiatives, and improvements in organisational practices to cultivate a more export-oriented mindset among butchers in the region.
Jama'ah Tani Muhammadiyah: A Sharia-Compliant Agricultural Business Model Ramadlan, Alfain Jalaluddin; Berkah, Dian
Milkiyah: Jurnal Hukum Ekonomi Syariah Vol. 5 No. 1 (2026): Milkiyah: Jurnal Hukum Ekonomi Syariah
Publisher : Sekolah Tinggi Agama islam Negeri Majene

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46870/milkiyah.v5i1.2051

Abstract

Jama’ah Tani Muhammadiyah (JATAM) functions as a companion and protector of farmers with the primary aim of strengthening their independence and bargaining position within the agricultural system. This study analyses the business practices of JATAM through the lens of Islamic economic law. The research focuses on identifying the business model developed by JATAM and assessing the extent to which its operational practices align with Islamic economic principles. A qualitative descriptive approach was employed, using in‑depth interviews, field observations, and analysis of organisational documents and financial records. The findings show that JATAM implements a community‑based agricultural business model that collectively integrates production, capital, and marketing. JATAM acts as a facilitator by providing production inputs, offering farming assistance, and managing the distribution of agricultural products for its member farmers. This model reflects key Islamic economic principles, including the avoidance of usury, the application of profit‑sharing mechanisms, and the strengthening of mutual assistance (ta’awun). Its implementation contributes to improving farmers’ welfare, as evidenced by increased production capacity, fairer access to Sharia‑compliant capital, more equitable marketing systems, and stronger bargaining power for farmers. Despite these positive outcomes, several challenges remain, particularly in ensuring consistent adherence to Sharia principles. These challenges include weaknesses in financial documentation, limited clarity in the formulation of Sharia contracts, and the need for more professional and sustainable institutional development. The study highlights that applying Islamic economic principles within modern agricultural enterprises through community‑based institutional models such as JATAM offers a strategic pathway for strengthening the economic resilience of the ummah and empowering farmers.

Page 6 of 6 | Total Record : 54

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