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Contact Name
intan juniarmi
Contact Email
nawalaedu@gmail.com
Phone
+6282281184080
Journal Mail Official
nawalaedu@gmail.com
Editorial Address
Jl. Raya Yamin No.88 Desa/Kelurahan Telanaipura, kec.Telanaipura, Kota Jambi, Jambi Kode Pos : 36122
Location
Kota jambi,
Jambi
INDONESIA
Journal of Islamic Economy
ISSN : -     EISSN : 30472520     DOI : 10.62872/mjkztj41
Journal of Islamic Economy (JOIE) is a peer-reviewed open access international journal that aims to facilitate a better understanding of research-based management science among academics and study analysts, thus making a positive contribution and influence on the world of Islamic economics. All submitted manuscripts will be reviewed by the editors and then evaluated by a minimum of two International Reviewers through a double-blind review process. This is to ensure the quality of manuscripts published in the journal.
Articles 25 Documents
Building Ethical Business: Islam's Contribution to Facing Modern Economic Challenges Hartika, Ika; Masruri, Masruri; Nurhikmah, Nurhikmah; Aisya, Sitti
Journal of Islamic Economy Vol. 2 No. 1 (2025): MARCH-JOIE
Publisher : Pt. Anagata Sembagi Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62872/v0vy2g13

Abstract

This study aims to examine the contribution of Islamic business ethics in facing modern economic challenges and how these ethical principles can help build ethical businesses. The method used is Systematic Literature Review (SLR), which aims to identify, evaluate, and synthesize findings from literature relevant to this topic. The first step is to formulate research questions related to modern economic challenges and the contribution of Islamic business ethics. Next, relevant literature is selected with inclusion and exclusion criteria, and then analyzed to provide a deep understanding of the solutions offered by Islam. The results of the study show that Islamic business ethics emphasizes moral principles such as honesty (ṣidq), justice ('adl), amanah, and social responsibility. Business in an Islamic perspective is not only oriented towards material profit, but also aims to obtain blessings and social welfare. These principles prohibit detrimental practices such as usury, gharar, and maysir, and encourage the implementation of zakat, infaq, and waqf to overcome economic inequality. In addition, the application of sharia principles in modern business, as applied by sharia fintech and halal marketplace, shows that businesses can operate ethically and have a positive impact on society. Thus, this study underlines the importance of implementing Islamic business ethics to create sustainable, ethical, and fair businesses, as well as a relevant model for public policy in facing global economic challenges.
The Role of Zakat and Waqf in Encouraging Sustainable Economic Growth Habibi, Rahmat
Journal of Islamic Economy Vol. 1 No. 2 (2024): JULY-JOIE
Publisher : Pt. Anagata Sembagi Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62872/8wwzy236

Abstract

This study aims to examine the role of zakat and waqf in driving sustainable economic growth with a focus on their contribution to wealth redistribution and socio-economic empowerment. The research method used is the Systematic Literature Review (SLR), which allows the collection and analysis of relevant studies published in the last five years (2019–2024) from various leading academic databases, such as Scopus, Web of Science, Google Scholar, and ProQuest. The SLR process involves several stages, starting from formulating research questions, developing literature search strategies, screening articles based on inclusion and exclusion criteria, to synthesizing key findings. The results of the study indicate that zakat and waqf play a significant role in driving sustainable economic growth through wealth redistribution mechanisms and socio-economic empowerment, with greater contributions when optimized through digitalization and management innovation. The synergy between zakat, waqf, and the national financial system as well as strengthening regulations and public literacy are key factors in increasing their impact. This study emphasizes the importance of cross-sectoral cooperation to ensure that zakat and waqf can be the main driving force in realizing fair, inclusive, and sustainable economic development.
Analysis of the Effectiveness of Mudharabah and Musyarakah Financing Models in Islamic Financial Institutions Karim, Fatur Rahman
Journal of Islamic Economy Vol. 1 No. 2 (2024): JULY-JOIE
Publisher : Pt. Anagata Sembagi Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62872/jazvdw68

Abstract

This study aims to analyze the effectiveness of the mudharabah and musyarakah financing models in Islamic financial institutions. The method used is the Systematic Literature Review (SLR), which allows researchers to evaluate and synthesize various relevant studies in order to obtain more comprehensive conclusions on the topic. SLR is conducted by collecting articles that discuss mudharabah and musyarakah financing and analyzing the factors that influence the effectiveness of both models. Literature searches are conducted through academic databases such as Google Scholar, Scopus, and JSTOR, with selected articles filtered based on predetermined inclusion and exclusion criteria. Relevant articles were published in the last five years and focused on Islamic financing. Researchers conducted a thematic analysis of selected articles to identify emerging themes related to the effectiveness of these two financing models. The results of the study indicate that the mudharabah and musyarakah models are effective as alternative financing for the MSME sector, allowing business actors to obtain capital without being trapped in interest obligations. However, the effectiveness of this model is highly dependent on good risk management, clarity of profit and loss sharing, and transparency and trust between Islamic financial institutions and customers. Therefore, Islamic financial institutions need to improve their supervision and risk management systems to ensure the successful implementation of this financing model.
Implementation of Sharia Principles in Microfinance: A Case Study in Indonesia Agustina, Putri
Journal of Islamic Economy Vol. 1 No. 2 (2024): JULY-JOIE
Publisher : Pt. Anagata Sembagi Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62872/1tyxvb44

Abstract

The purpose of this study is to analyze the implementation of sharia principles in microfinance in Indonesia through the Systematic Literature Review (SLR) approach. The SLR method was chosen because it allows researchers to collect and analyze various related literature systematically, in order to provide a comprehensive picture of the implementation of sharia principles in the microfinance sector in Indonesia. This study identifies relevant literature based on inclusion and exclusion criteria, focusing on studies published in the last 4-5 years that discuss the implementation of sharia principles in microfinance. Furthermore, a thematic analysis was conducted to identify patterns, trends, and challenges faced by sharia microfinance institutions in implementing sharia principles. The results of this study indicate that the implementation of sharia principles in microfinance in Indonesia has great potential to improve the economic welfare of the community, especially in terms of financial inclusion. However, significant challenges related to the community's understanding of sharia principles and the lack of supporting regulations are still major obstacles to its development. Nevertheless, sharia microfinance continues to show great potential in providing solutions for community economic empowerment. This study suggests the need for strengthening policies, increasing public education on sharia principles in microfinance, and product and service innovations that are more in line with market needs. The successful implementation of sharia principles is highly dependent on effective collaboration between financial institutions, government, and the community.
Islamic Economic Transformation in the Digital Era: Opportunities and Challenges Mauris, Bella
Journal of Islamic Economy Vol. 1 No. 2 (2024): JULY-JOIE
Publisher : Pt. Anagata Sembagi Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62872/rp5wm547

Abstract

The digital era has driven significant changes in various economic sectors, including in the development of Islamic economics. This study aims to examine the opportunities and challenges of Islamic economic transformation in the context of digitalization using the Systematic Literature Review (SLR) method. Data were obtained from selected academic literature published between 2019 and 2024, which were then analyzed using thematic coding techniques. The results of the study indicate that digitalization offers great opportunities to increase Islamic financial inclusion, expand market reach, and introduce innovations such as Islamic fintech, blockchain, and waqf-based crowdfunding. However, a number of challenges have emerged, such as regulatory uncertainty, low Islamic digital financial literacy, and cybersecurity risks. This study concludes that the success of Islamic economic transformation in the digital era is highly dependent on the synergy between adaptive regulations, technological innovations that are in accordance with Islamic principles, and increasing digital literacy among Muslim communities. These findings are expected to be the basis for developing strategies to strengthen the Islamic economy in facing the dynamics of the digital-based global economy.

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