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INDONESIA
Al-Muzdahir: Jurnal Ekonomi Syariah
ISSN : 26555492     EISSN : 28286278     DOI : 10.55352
Core Subject : Economy,
berisi naskah ilmiah yang diterbitkan oleh Program Studi Ekonomi Syariah Fakultas Ekonomi dan Bisnis Islam Institut Pesantren Sunan Drajat Lamongan Jawa Timur
Articles 95 Documents
Qiyas sebagai Metode Ijtihad dan Implementasinya dalam Transaksi Keuangan Ekonomi Islam Kontemporer Ummah, Ina Nasihatul; Aziz, Jamal Abdul
Al-Muzdahir : Jurnal Ekonomi Syariah Vol. 7 No. 1 (2025): Januari : Al-Muzdahir : Jurnal Ekonomi Syariah
Publisher : Institut Pesantren Sunan Drajat Lamongan, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55352/ekis.v7i1.1428

Abstract

Along with the dynamic development of the times, many new products and cases have emerged in the modern economy. Islamic law has established and set boundaries on these issues concerning halal and haram aspects. The Qiyas method is necessary in legal studies to produce fiqh formulations in Islamic economic and financial law. Qiyas is the fourth source of law in Islam; this method of deriving law provides a broad pathway for finding legal foundations for all encountered issues. Viewed from the various types of 'illah, the deepening of law through the method of qiyas must be done carefully and cautiously. The dynamics of development and innovation of Sharia financial contracts in the Sharia economy will certainly become more modern in accordance with the times. Therefore, this poses a challenge for Muslim scholars to address so that it does not become a concern for the community when the application of Sharia finance contracts is packaged in a modern way, which on one hand requires the use of the qiyas method to determine their legal status. This paper aims to explain the concept of qiyas as a method of ijtihad in Islamic law and then examine the implementation of qiyas in contemporary Islamic economic transactions. The type of writing in this article is a library research study using a qualitative method aimed at discussing several themes about the definition of qiyas, the authority of qiyas, the pillars and conditions of qiyas, the types of qiyas, the dynamics of qiyas development, and the implementation of qiyas in contemporary Islamic economic transactions. In this article, it can be concluded that the implementation of Qiyas to determine its legal status can be formulated in the encyclopedia of contemporary sharia financial contracts that use the Qiyas method in determining the ashl and furu’ from the perspective of Islamic law. With transactions and financial products continuously evolving, many aspects of economic transaction activities that did not exist in the past have only emerged in the contemporary context, or it can be said that these transactions have developed from classical to contemporary.
Pola Fatwa Dewan Syariah Nasional terhadap Produk Lembaga Keuangan Syariah Maghfur, Arif
Al-Muzdahir : Jurnal Ekonomi Syariah Vol. 7 No. 1 (2025): Januari : Al-Muzdahir : Jurnal Ekonomi Syariah
Publisher : Institut Pesantren Sunan Drajat Lamongan, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55352/ekis.v7i1.1494

Abstract

The National Sharia Council or commonly abbreviated as DSN is an institution under the auspices of the Majlis Ulama Indonesia. The existence of the DSN-MUI institution is to provide legal fatwas related to Islamic Financial Institutions in Indonesia. The increasing number of problems that exist in Islamic Financial Institutions in Indonesia has made DSN-MUI work hard to be able to provide legal fatwas in accordance with the new products submitted by Sharia Banks. This will continue and develop in accordance with the development of the banking world in Indonesia in particular. Therefore, DSN-MUI as an institution in charge of screening and issuing legal fatwas must be able to provide legal fatwas that are truly in accordance with the understanding of the law in Indonesia. DSN-MUI as an institution that has the right to provide law on Islamic financial products still receives a lot of criticism from various circles, both academics and several fiqh law experts. Among these criticisms is the inconsistency of the DSN-MUI fatwa with the literature of the salaf book, which is currently still a reference for most Indonesia scholars. There are also those who criticize the problem of using fiqh rules. DSN-MUI only uses one rule as a legal basis and does not use other rules, even though other rules are related to these rules. Not to mention the use of verses of the Qur'an, which actually have no connection with the law of the product being fatwad. The existence of these criticisms is not to weaken DSN-MUI, but it is hoped that it can be a reinforcement for DSN-MUI, because what they have fatwa will be a reference for many people in muamalah.
Kontribusi Politik Ekonomi Pertanian dalam Penyediaan Bahan Baku Halal di Indonesia Cahyani, Putri Tri; Shaleh, Chaerul; Rasyid, Fauzan Ali
Al-Muzdahir : Jurnal Ekonomi Syariah Vol. 7 No. 1 (2025): Januari : Al-Muzdahir : Jurnal Ekonomi Syariah
Publisher : Institut Pesantren Sunan Drajat Lamongan, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55352/ekis.v7i1.1497

Abstract

The agricultural sector is a vital component of a nation's economy as it provides food supplies and serves as a source of livelihood for millions of people. In the context of Indonesia, with its predominantly Muslim population, the significance of the agricultural sector has grown alongside the increasing demand for halal raw materials. However, the implementation of agricultural political economy policies to support the provision of halal raw materials faces several challenges, including farmers' lack of understanding of halal standards, dependence on imported raw materials, and limited infrastructure and technology. This study employs a qualitative approach using library research methods to analyze the contribution of agricultural political economy policies in supporting the provision of halal raw materials, including identifying relevant challenges and solutions. The findings reveal that policies such as agricultural land protection, fertilizer subsidies, and the development of halal industrial zones have provided a robust foundation for establishing a halal agricultural ecosystem. Nonetheless, strategic measures, such as educating farmers, enhancing local production, and investing in modern technology, remain necessary to overcome the existing obstacles. This study concludes that adaptive and inclusive agricultural political economy policies can strengthen the role of the agricultural sector in sustainably supporting the availability of halal raw materials while simultaneously enhancing the competitiveness of Indonesia's halal products in global markets.
Kesenjangan Upah dan Keadilan Sosial terhadap Sistem Pengupahan di Indonesia Indrayani, Sufi; Muzan, Amrul
Al-Muzdahir : Jurnal Ekonomi Syariah Vol. 7 No. 1 (2025): Januari : Al-Muzdahir : Jurnal Ekonomi Syariah
Publisher : Institut Pesantren Sunan Drajat Lamongan, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55352/ekis.v7i1.1505

Abstract

Wage disparity in Indonesia reflects a significant challenge in social justice, particularly within the wage system. This study aims to identify and analyze the factors contributing to wage inequity, including policies, corporate practices, and gender and sectoral inequalities. Using a qualitative approach, the study explores perspectives from various stakeholders, such as workers, employers, and regulators, while utilizing policy data and relevant documents for analysis. The findings reveal that structural injustices in wage distribution have widened the gap between high- and low-income workers. Factors such as differences in education, experience, and geographic location significantly contribute to this disparity. Gender-based inequality is also a major concern, with women often receiving lower wages than men despite having equivalent qualifications. In terms of policy, the study found that minimum wage regulations are often insufficient to address these inequalities. A lack of transparency in wage determination and weak regulatory enforcement exacerbate the issue. Theoretical frameworks, such as John Rawls' theory of justice, emphasize the importance of redistributing wages to benefit the most disadvantaged groups, while the efficiency wage theory suggests that higher wages can enhance worker productivity. This study recommends reforms in wage policies focused on distributive justice, increased transparency, and strengthened government regulations. These approaches are expected to create a more inclusive wage system that considers not only economic aspects but also social welfare, fostering sustainable social and economic stability in Indonesia.
Pengaruh Inflasi, Kurs, dan Investasi Infrastruktur terhadap Pertumbuhan Ekonomi di Indonesia: Analisis Menggunakan Model VECM (1993-2023) Putra, Trischa; Rahayuningsih, Eni Sri
Al-Muzdahir : Jurnal Ekonomi Syariah Vol. 7 No. 1 (2025): Januari : Al-Muzdahir : Jurnal Ekonomi Syariah
Publisher : Institut Pesantren Sunan Drajat Lamongan, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55352/ekis.v7i1.1522

Abstract

This study examines the relationship between inflation, exchange rates, and infrastructure investment on economic growth in Indonesia using the Vector Error Correction Model (VECM) approach for the period 1993–2023. Secondary data were obtained from official institutions such as Bank Indonesia, the Central Bureau of Statistics, and the Ministry of Public Works. The analysis reveals that inflation has a significant negative impact on economic growth in the long term, while exchange rates and infrastructure investment show no significant influence. The VECM model also identifies a significant error correction mechanism, with a negative error correction coefficient of 41.49% for the economic growth variable. Impulse Response Function (IRF) and Forecast Error Variance Decomposition (FEVD) analyses indicate minimal contributions of exchange rates and infrastructure investment to the variability of economic growth. This study recommends controlling inflation through monetary policy, stabilizing exchange rates, and enhancing infrastructure investment as strategies to foster sustainable economic growth in Indonesia.
­­Peran Wakaf Produktif dalam Pemberdayaan Ekonomi Umat: Studi pada Model Pengelolaan Berbasis Maqashid Syariah Rupita, Nanda Ega; Mawardi, Mawardi
Al-Muzdahir : Jurnal Ekonomi Syariah Vol. 7 No. 2 (2025): Juli: Al-Muzdahir : Jurnal Ekonomi Syariah
Publisher : Institut Pesantren Sunan Drajat Lamongan, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55352/ekis.v7i2.1442

Abstract

This study aims to explore the role of productive Waqf in the economic empowerment of the Ummah through the approach of maqashid Sharia, namely the principles of protection of religion, soul, intellect, heredity, and property. Using qualitative methods based on literature studies, this study highlights the great potential of productive Waqf in supporting various strategic sectors such as education, health, economy, and infrastructure. The results show that professional management of waqf assets can generate sustainable benefits, such as financing social programs, developing MSMEs, and improving the quality of human resources. The main challenge in this management is the low literacy of waqf in the community as well as regulatory constraints that have not been fully supported. Nonetheless, the principles of maqashid Sharia provide a solid foundation to ensure that Waqf management is not only oriented towards economic benefits, but also creates significant social impacts. In conclusion, productive Waqf plays a strategic role as an instrument of Islamic philanthropy that not only supports poverty alleviation but also encourages people's economic independence holistically and sustainably.
Analisis Perkembangan Sosial Ekonomi Peradapan Islam Masa Khulafaur Rasyidin Adel, Ichsanul Reihan; Wahyudi, Wahyudi; Andrini, Rozi
Al-Muzdahir : Jurnal Ekonomi Syariah Vol. 7 No. 2 (2025): Juli: Al-Muzdahir : Jurnal Ekonomi Syariah
Publisher : Institut Pesantren Sunan Drajat Lamongan, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55352/ekis.v7i2.1529

Abstract

This research discusses the social and economic analysis during the Khulafaur Rasyidin period. The main problem examined is how the policies implemented by Abu Bakar, Umar, Utsman, and Ali impacted the economic development and social stability of the Muslim community. The objective of this study is to analyze and describe the effects of social and economic policies during that era on the establishment of a strong and sustainable Islamic civilization foundation. The method used is a literature study with a descriptive approach, where data is obtained from books, scientific articles, and relevant published documents. The data is systematically analyzed to map the impact of zakat policies, wealth distribution, infrastructure development, and internal conflicts that occurred. The conclusion of this research indicates that the Khulafaur Rasyidin period serves as an important foundation for the development of the Islamic socio-economic system. Although various political challenges and internal conflicts hindered economic growth during Ali's time, the policies of zakat redistribution and administrative reforms implemented by the other caliphs significantly contributed to the social and economic welfare of the Muslim community.
Konsep Keadilan dalam Ekonomi Syariah Dewi, Kemala; Jamal, H. Khairunnas
Al-Muzdahir : Jurnal Ekonomi Syariah Vol. 7 No. 2 (2025): Juli: Al-Muzdahir : Jurnal Ekonomi Syariah
Publisher : Institut Pesantren Sunan Drajat Lamongan, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55352/ekis.v7i2.1561

Abstract

The concept of justice in Islamic economics as a fundamental principle underlying all economic and social interactions. This study explains the dimensions of distributive and commutative justice, as well as the application of the principle of justice through Islamic economic instruments such as zakat, infaq, and profit-sharing systems. Emphasis is placed on the role of Islamic financial institutions that implement a system without usury and transparent transactions based on profit sharing. However, the implementation of justice faces challenges in the form of the dominance of capitalism, limited public understanding, and less than optimal regulations. This study concludes that the application of justice in Islamic economics can create equitable social welfare and become the foundation for sustainable economic development.
Hibah dengan Kompensasi Perspektif Fukaha Klasik dan Kontemporer Waluya, Atep Hendang
Al-Muzdahir : Jurnal Ekonomi Syariah Vol. 7 No. 2 (2025): Juli: Al-Muzdahir : Jurnal Ekonomi Syariah
Publisher : Institut Pesantren Sunan Drajat Lamongan, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55352/ekis.v7i2.1691

Abstract

The transfer of property ownership is currently mostly done through contracts, among the contracts used for the transfer of property ownership is the grant contract. One form of the grant (hibah) is that the giver (wāhib) requires compensation. The existence of this compensation causes differences regarding the permissibility of the grant and whether it is in the form of a grant or a sale. According to the Hanafi, Maliki, Hanbali schools and the strongest opinion in the Syafi'i school, a gift with compensation conditions is valid and its law is the law of sale. Among the contemporary jurists who believe that a gift contract with compensation is a sale and purchase are Al-Dubyān, Al-Qalīṣī, Aḥmad Sa'ād, Muḥammad al-Zuḥaylī, al-Khin, al-Bughā and al-Sharbazī. Their reason is that the contract looks at the purpose and meaning, not at the wording. According to Al-Qalīṣī, Muḥammad al-Zuḥaylī, al-Khin, al-Bughā and al-Sharbazī, that a grant with compensation conditions if the compensation is not determined and is not known then the contract is invalid and this is the most valid opinion in the Syafi'i School and the strongest in the Hanbali School.
Kinerja Keuangan Bank Muamalat melalui Pendekatan Islamicity Performance Index Zahro, Umi Indasyah; Musadad, Ahmad; Mustaniroh, Mustaniroh; Fajar, Fajar; Pujiati , Tri
Al-Muzdahir : Jurnal Ekonomi Syariah Vol. 7 No. 2 (2025): Juli: Al-Muzdahir : Jurnal Ekonomi Syariah
Publisher : Institut Pesantren Sunan Drajat Lamongan, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55352/ekis.v7i2.1740

Abstract

This article evaluates the financial performance of Bank Muamalat Indonesia from 2022 to 2024 based on sharia principles using the Islamicity Performance Index (IPI) developed by Shahul Hameed. The purpose of this study is to measure the extent to which Bank Muamalat applies Islamic principles in its financial operations through six key indicators: Profit Sharing Ratio, Zakat Performance Index, Equitable Distribution Ratio, Director–Employee Welfare Ratio, Islamic Investment vs Non-Islamic Investment, and Islamic Income vs Non-Islamic Income. The study employed a qualitative descriptive method using documentation and literature review. The results indicate that the Profit Sharing Ratio has increased yearly, reflecting a strong commitment to Islamic profit-sharing principles. Conversely, the Zakat Performance Index shows a declining trend, suggesting a need for greater social responsibility. The ratio of income from halal sources remained high and stable, demonstrating compliance with Islamic financial norms. Meanwhile, the Equitable Distribution Ratio and Director–Employee Welfare Ratio fluctuated but remained within acceptable ranges. These findings indicate that, overall, Bank Muamalat's financial performance aligns with sharia compliance, although some areas require improvement. The IPI-based evaluation provides strategic insights for measuring and enhancing the sharia adherence of Islamic financial institutions.

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