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Contact Name
Devi Kasumawati
Contact Email
deviku25@uinsi.ac.id
Phone
082178544521
Journal Mail Official
ghaly.jurnal@uinsi.ac.id
Editorial Address
Jln. H.A.M Rifaddin, Harapan Baru, Loa Janan Ilir, Kota Samarinda, Kalimantan Timur
Location
Kota samarinda,
Kalimantan timur
INDONESIA
Ghaly: Journal of Islamic Economic Law
ISSN : -     EISSN : 29858062     DOI : https://doi.org/10.21093/ghaly.v2i1
About the journal Ghaly: Journal of Islamic Economic Law is a scholarly journal published by the Faculty of Sharia at Sultan Aji Muhammad Idris Samarinda State Islamic University. This academic publication is devoted to the study of Islamic Economic Law. Ghaly adopts the most recent studies, including both doctrinal-conceptual and empirical legal studies. The editorial board of the Ghaly Journal of Islamic Law invites lecturers, students, scholars, and legal practitioners to contribute to the development of sharia economic law by submitting articles in the Ghaly journal. This journal is published twice annually, between June and December, after undergoing review and editing procedures. The Journal of Islamic Law invites articles written in Indonesian, Arabic, and English that are the outcome of thesis research, theses, dissertations, lecturer research, and other studies. Focus and Scope Ghaly: Journal of Islamic Economic Law is an open access, peer-reviewed journal that aims to provide a platform for national and international scholars to publish articles on Islamic Economic Law. Some of the disciplines that are within the scope of the study in Ghaly: Journal of Islamic Law are: 1. Jurisprudence Muamalah Ushuliyah studies in the field of Islamic economics. 2. Economic law and Muslim society (legislation, legal codification, laws and regulations, practitioners of Islamic economic law, Islamic economic institutions) 3. Comparison of laws relating to Islamic economic law 4. Halal Studies and Halal Industry 5. Islamic Business Law 6. Usul Fiqh Muamalah
Arjuna Subject : Ilmu Sosial - Hukum
Articles 52 Documents
PRODUCTIVE WAQF GOVERNANCE IN SOUTHERN TAPANULI: Toward an Integrative”“Participatory Model Ahmad Faisal; Jureid Jureid; Siti Kholijah
Ghaly: Journal of Islamic Economic Law Vol. 4 No. 1 (2026): Ghaly: Journal of Islamic Economic Law
Publisher : Islamic Economic Law Study Program, Faculty of Sharia Sultan Aji Muhammad Idris Samarinda Islamic State University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21093/ghaly.v4i1.13381

Abstract

Indonesia possesses significant potential for productive waqf as an instrument of socio-economic development; however, its realisation remains limited due to persistent managerial, institutional, and governance challenges. This study examines the model of productive waqf management in South Tapanuli (Tabagsel), covering Mandailing Natal, South Tapanuli, Padang Lawas, North Padang Lawas, and Padangsidimpuan City. Situated within the discourse of Islamic economic law and waqf governance, the research employs a descriptive qualitative approach based on field data and relevant documentary sources. The findings reveal substantial disparities in productive waqf development across the region. Among the five areas studied, Mandailing Natal demonstrates the most successful implementation through an integrated management system that combines agricultural, commercial, and community-based economic activities. In contrast, productive waqf in the other regions remains largely traditional and underutilised due to limited institutional capacity, weak managerial professionalism, and inadequate governance support. The study argues that the effectiveness of productive waqf management depends on the integration of spiritual, social, and economic functions through collaborative stakeholder engagement. As its principal contribution, this research proposes an integrative–participatory model of productive waqf governance as a novel framework for strengthening regional waqf management and enhancing its socio-economic impact.
THE EFFECT OF INTEREST RATE AND INFLATION ON THE GROWTH OF MUDHARABAH DEPOSITS AT BANK SUMUT SYARIAH MEDAN 2020-2024 Dimas Akbar Nugroho; Juliana Nasution; Tuti Anggraini
Ghaly: Journal of Islamic Economic Law Vol. 4 No. 1 (2026): Ghaly: Journal of Islamic Economic Law
Publisher : Islamic Economic Law Study Program, Faculty of Sharia Sultan Aji Muhammad Idris Samarinda Islamic State University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21093/ghaly.v4i1.13680

Abstract

The growth of Islamic banking in Indonesia continues to expand alongside increasing public interest in a banking system that adheres to sharia principles, especially one that is free from usury (riba). Among its fund-collection instruments is the mudharabah deposit, namely a placement of funds based on a mudharabah contract that operates through a profit-sharing mechanism. This study examines the macroeconomic determinants of Islamic banking performance by analyzing the effects of the central bank interest rate (BI Rate) and the inflation rate on the growth of mudharabah (profit-sharing) savings deposits at Bank Sumut Syariah Medan. This research examines the influence of the interest rate and inflation on the volume of mudharabah deposits at Bank Sumut Syariah. The study applies an associative quantitative approach utilizing monthly secondary data covering the 2020–2024 period, sourced from the financial statements of Bank Sumut Syariah, Bank Indonesia, and the Central Statistics Agency (BPS). The data were processed through multiple linear regression with the aid of SPSS 22. The findings reveal that, simultaneously, the interest rate and inflation exert a significant effect on mudharabah deposits. On a partial basis, the interest rate demonstrates a significant positive effect, while inflation shows no significant effect. These results suggest that depositors' choices to allocate their funds into mudharabah deposits remain driven by a profit-oriented motive, which aligns with the displaced commercial risk encountered by Islamic banks operating within a dual banking system. This study implies that Islamic banks must dynamically adjust their profit-sharing ratios (nisbah) to remain competitive against conventional interest rate shifts, as regional depositors act as rational economic agents sensitive to inflation and market alternatives. Furthermore, monetary authorities must consider these dual-banking spillover effects to safeguard Islamic liquidity stability.