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Jihan Nabila Zahara
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Musyarakah: Journal of Sharia Economics (MJSE)
Published by Universitas Muhammadiyah Ponorogo
ISSN : 28278887     EISSN : 28099389     DOI : https://doi.org/10.24269/mjse
Core Subject : Religion, Economy,
Religion Economics, Econometrics & Finance
FOCUS OF JOURNAL Musyarakah: Journal of Sharia Economics (MJSE) focused on Sharia economics and finance studies and present developments through the publication of articles. Specifically, the journal will deal with topics, including but not limited to Sharia economics; Sharia banking; Sharia finance; Sharia accounting; Sharia microfinance; Zakah, Waqf, and Philanthropy. SCOPE OF JOURNAL Musyarakah: Journal of Sharia Economics (MJSE) specializes on sharia economics and finance studies. The journal is intended to communicate original research and current issues on the subject. This journal warmly welcomes contributions from scholars of related disciplines.
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)
Articles 7 Documents
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Search results for , issue "Vol 5, No 2 (2025): October" : 7 Documents clear
Transformasi Ekonomi Lokal melalui Pengolahan Singkong dalam Tinjauan Ekonomi Syariah Sebagai Upaya Peningkatan Kesejahteraan Masyarakat Ansori, Teguh
Musyarakah: Journal of Sharia Economic (MJSE) Vol 5, No 2 (2025): October
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/mjse.v5i2.12363

Abstract

This study aims to analyze the empowerment of cassava farmers in Dayakan Village, Badegan District, Ponorogo Regency through the Asset Based Community Development (ABCD) approach in the perspective of Islamic economics. Before the program, farmers faced low cassava prices, limited market access, and weak bargaining power against middlemen. These conditions resulted in unstable farmer incomes and stagnant welfare. Through the initiative of processing cassava into value-added products, such as steamed cassavacake and various other local food products, farmers incomes increased significantly and their bargaining position in the market became stronger. Analysis using the maqasid al-syariah framework shows that this empowerment supports the preservation of wealth (hifz al-mal), life (hifz al-nafs), intellect (hifz al-aql), progeny (hifz al-nasl), and religion (hifz al-din). In addition, community participation through the principles of musyarakah and syura demonstrates the practice of economic justice, social cohesion, and the value of taawun (mutual assistance). This empowerment also emphasizes sustainability in the economic, social, and environmental dimensions, which is in line with the principle of istimar al-ard (prosperity of the earth) and the prohibition of israf (wastefulness). The results of the study confirm that empowerment based on local potential is not only capable of improving the welfare and income of rural communities, but also serves as a tangible implementation of Islamic economics oriented towards justice, benefit, and long-term sustainability. These findings provide practical contributions to the development of rural economies as well as strengthening the theory of locally-based Islamic economics.
Analisis Peran Green Sukuk dalam Pembiayaan Sektor Renewable Energy di Indonesia untuk Mendukung Pencapaian Net Zero Emission Aminin, Rista Izza; Khayati , Ismatul
Musyarakah: Journal of Sharia Economic (MJSE) Vol 5, No 2 (2025): October
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/mjse.v5i2.12422

Abstract

Indonesia faces significant challenges in reducing carbon emissions from the energy sector while accelerating renewable energy development. To achieve the Net Zero Emission (NZE) target, innovative financing instruments are essential to mobilize large-scale sustainable investment. One such instrument is the Green Sukuk, which reflects the integration of Islamic finance and environmental objectives. This study aims to analyze the role of Green Sukuk in financing Indonesia’s renewable energy sector. Using a qualitative descriptive-analytical method, the research examines official documents and publications related to Green Sukuk during 2018–2023. The analysis focuses on issuance trends, mobilized funds, and their contribution to carbon emission reduction. The findings reveal that Green Sukuk mobilized USD 9.527 million and contributed to a reduction of 5,487,041 tons emissions in 2018–2022, equivalent to 0.46% of the 2030 NDC energy sector target. The findings affirm the strategic role of Green Sukuk as an effective Islamic finance instrument in advancing Indonesia’s clean energy transition. Nevertheless, its potential remains underutilized and requires further optimization through enhanced market literacy, strengthened institutional capacity, and broader outreach to investors and the wider public. Keywords: Green Sukuk, Renewable Energy, Net Zero Emission, Sharia Financing
Factors Influencing Society’s Decision to Donate Waqf in the Bogor Waqf Forest: A Qualitative Study Faza, Firdan Thoriq
Musyarakah: Journal of Sharia Economic (MJSE) Vol 5, No 2 (2025): October
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/mjse.v5i2.12427

Abstract

Introduction/Main Objectives: Muslims have varying tendencies when it comes to donating their wealth. Generally, Indonesians donate to mosques, schools, and cemeteries. However, over the past ten years, there has been an increasing trend of donating to nature conservation. This phenomenon raises several questions because it falls outside the "common" use of waqf. This study aims to investigate the motives for funding and how waqifs are involved in supporting Bogor Waqf Forests. Research Methods: A qualitative research design was applied as the data analysis method with the aim of gaining in-depth insight into the rationale behind the motives for waqf behavior. Respondents were selected using purposive sampling techniques. Specific criteria were established based on the research objectives: Muslim men and women who had donated a waqf of at least Rp 200,000 to the Bogor Waqf Forest. After selecting respondents who met the criteria, open-ended interviews were conducted. The quality of the information provided was the primary objective, ensuring that it could address the research questions. Triangulation techniques were applied to validate the data. Finding/Results: Basically, the decision of all respondents to donate their assets to the forestry sector is a form of implementation of a certain motivation. The results explain that the motives to donate waqf in Bogor Waqf Forest are driven by spiritual values, ecological wisdom, empowerment space, and nazhir credibility. Conclusion: Waqif motives serve as a basis for fundraising for waqf in the forestry sector. Nazhir can use the motive data to maximize the role of waqif to make a more significant contribution to the development of the Bogor Waqf Forest
Strategi Pemasaran Islam dalam Meningkatkan Minat Nasabah pada Produk Pembiayaan Mudharabah di BMT Surya Kencana Jambon Ponorogo Dwinata, Danti; Arifah, Khoirul; Taufiqurrahman, Rizal; Albanjari, Fatkhur Rohman
Musyarakah: Journal of Sharia Economic (MJSE) Vol 5, No 2 (2025): October
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/mjse.v5i2.12179

Abstract

The purpose of this to examine the Islamic-based marketing strategies used by BMT Surya Kencana Jambon in increasing customer interest in Mudharabah financing products. Mudharabah financing is a form of cooperation between investors (shahibul maal) and business actors (mudharib) with a profit-sharing system based on sharia principles. This study employs a descriptive qualitative method with an observational approach, interviews, and documentation. The results of the study indicate that marketing strategies are implemented through two approaches, namely offline (distribution of brochures, personal approaches, and business assistance) and online (use of Facebook and WhatsApp Business applications). Marketing is carried out based on Islamic principles such as shiddiq, amanah, tabligh, and fathanah. Although these strategies have successfully attracted customer interest, BMT still faces several challenges, such as low public understanding of Islamic finance, limited human resources, and intense competition with other financial institutions. Therefore, improving financial literacy, developing human resource quality, and implementing technology are crucial factors to ensure the sustainability of ethical Mudharabah financing marketing based on Islamic values.
Determinan Niat Membayar Zakat Perdagangan: Pengaruh Pemahaman, Figur Religius, dan Kredibilitas LAZ (Studi pada Pedagang Sumenep) Rohmaniah, Diana; Siti Zubaidah; Galuh Widitya Qomaro
Musyarakah: Journal of Sharia Economic (MJSE) Vol 5, No 2 (2025): October
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/mjse.v5i2.12491

Abstract

Umat muslim di dunia diprediksi akan terus meningkat hingga tahun 2050, di antara negara-negara dengan populasi muslim, Indonesia menempati posisi teratas sebagai negara dengan jumlah muslim terbesar di dunia, sehingga memiliki potensi untuk menjadi pusat pengumpulan zakat. Namun, kesadaran membayar zakat, khususnya zakat perdagangan, masih tergolong rendah, termasuk di Kabupaten Sumenep. Penelitian ini bertujuan untuk menganalisis faktor-faktor yang memengaruhi niat membayar zakat perdagangan, dengan fokus pada pengaruh pemahaman zakat perdagangan, figur religius, dan kredibilitas lembaga amil zakat, di Kabupaten Sumemep. Metode penelitian yang digunakan adalah kuantitatif, dengan menggunakan metode regresi linear berganda untuk menguji pengaruh variabel-variabel tersebut secara simultan. Data dikumpulkan melalui kuesioner dan beberapa wawancara singkat dengan sampel yang diambil menggunakan teknik purposive sampling. Hasil penelitian memperlihatkan bahwa, secara simultan, variabel figur religius, pemahaman, dan kredibilitas lembaga amil zakat memiliki pengaruh terhadap niat pedagang di Sumenep Namun, secara parsial, variabel figur religius tidak menunjukkan pengaruh yang signifikan terhadap niat membayar zakat. Sebaliknya, variabel pemahaman pedagang tentang zakat perdagangan memberikan pengaruh yang positif dan signifikan. Selain itu, kredibilitas LAZ juga terbukti berpengaruh positif dan signifikan terhadap niat membayar zakat.
Tinjauan Ekonomi Islam atas Perilaku Konsumen Muslim dalam Pembelian Produk UMKM: Studi Kasus pada RN Buket Linda Puspita Sari; Mohammad Saiful Rifai; Mochamat Amarodin
Musyarakah: Journal of Sharia Economic (MJSE) Vol 5, No 2 (2025): October
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/mjse.v5i2.12522

Abstract

This study examines Muslim consumer behavior in selecting and purchasing products from RN Buket MSME through the lens of Islamic economics. A qualitative descriptive approach was employed, with data collected through in-depth interviews with the business owner and 13 Muslim consumers. The findings reveal that consumer purchase decisions are shaped by a combination of rational, emotional, and religious considerations. Products are evaluated based on aesthetics, price, functionality, and alignment with Islamic values. The application of Sharia principles by the business owner, including ensuring product halalness, price transparency, and honesty in promotion, significantly influences consumer trust and satisfaction. Furthermore, the commitment to avoid riba, gharar, and maisir strengthens the MSME’s image as a trustworthy business adhering to Islamic economic principles. The trust cultivated fosters consumer loyalty, reflected in repeat purchases and product recommendations. Overall, implementing Islamic economic principles not only promotes blessings in business practices but also serves as an effective strategy for enhancing trust and loyalty among Muslim consumers toward MSME product.
Studi Sytematic Review: Faktor Yang Mempengaruhi Food Waste Global Dalam Perspektif Hifzhul Bi'ah Romadhan, Raid Azhar; Fitria Idham Chalid; Rosiatun Khasanah
Musyarakah: Journal of Sharia Economic (MJSE) Vol 5, No 2 (2025): October
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/mjse.v5i2.12570

Abstract

This systematic review study analyzes the factors influencing food waste in various countries from the perspective of Hifzhul Bi'ah. The problem of food waste is a significant challenge because it impacts global food availability. From an Islamic ethical perspective, this phenomenon contradicts the principles of Hifzhul Bi'ah (Environmental Jurisprudence), which aims to realize the public good and prevent damage (israf) on earth. This study used a Systematic Review method based on PRISMA guidelines, reviewing 15 articles published between 2020–2025, predominantly from Indonesia. Most studies applied the Theory of Planned Behavior (TPB) and Structural Equation Modeling (SEM PLS) methodology. Key factors that consistently influence food waste are Attitude, Subjective Norms, and Behavioral Control, as well as additional factors relevant to the moral aspects of Hifzhul Bi'ah, such as Religiosity and Environmental Awareness. The findings indicate that food waste is a multifactorial phenomenon, involving internal psychological/moral and external social/economic dimensions. A holistic and contextual mitigation strategy is needed, which explicitly integrates the sharia guidance of Hifzhul Bi'ah, to encourage sustainable anti-waste behavior and support the achievement of the SDGs

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