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Azhar Alam
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Journal of Islamic Economic Laws
Published by Universitas Muhammadiyah Surakarta
ISSN : 26559609     EISSN : 26559617     DOI : https://doi.org/10.23917/jisel
Core Subject : Religion, Economy, Humanities, Social,
Religion Humanities Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice Social Sciences
Journal of Islamic Economic Laws (JISEL) is published by the Department of Islamic Economic Laws, Faculty of Islamic Studies, Universitas Muhammadiyah Surakarta. The journal provides a platform for scholarly research that bridges theoretical perspectives and practical developments in the field of Islamic economic laws. JISEL welcomes contributions from diverse disciplines, encouraging academic dialogue among researchers, scholars, and practitioners who are engaged in the study of Islamic economics, law, finance, business, philanthropy, and halal-related sectors. The journal is committed to advancing interdisciplinary knowledge and promoting the development of Islamic economic thought in contemporary contexts. Published online using the Open Journal Systems (OJS), JISEL ensures broad and easy access to its content for researchers and readers worldwide. The journal has been nationally accredited by the Ministry of Research, Technology, and Higher Education of the Republic of Indonesia and is indexed in DOAJ and other reputable scholarly databases.
Arjuna Subject : Ilmu Sosial - Ilmu Sosial (Lain-Lain)
Articles 7 Documents
 1 
Search results for , issue "Vol 6, No 2 July 2023" : 7 Documents clear
Revolutionizing the Halal Food Industry: The Crucial Role of Green Halal Supply Chain in Pakistani Companies - A Compelling Theoretical Framework Junejo, Safiullah; Anwar, Saba; Hamidi, M. Luthfi
Journal of Islamic Economic Laws Vol 6, No 2 July 2023
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v6i2.22236

Abstract

Food waste is a major environmental issue. Sustainable Halal food manufacturing reduces its environmental impact. This theoretical framework examines the pros and cons of greening Pakistani halal food. To maintain long-term profitability and market competitiveness, it stresses a Green Halal Supply Chain, a sustainable and environmentally responsible strategy. This framework shows how Pakistani enterprises may transform the halal food market by combining sustainability, halal certification, and supply chain management. Pakistan will benefit because other countries will accept Pakistani Halal standards as safe, clean, and environmentally friendly. Thus, the global Halal center relies on the green Halal supply chain. In response to these needs, the goals of this study are: first, to find out what green practices are used to manage the Halal food supply chain in collaboration with the supplier and customer; second, to find out what sustainable performance results from using green practices; and third, to find out if supplier-customer collaboration lessens the effect of green practices on sustainable performance. The goals of this study will be met through a mix of quantitative and qualitative methods. Overall, this study is supposed to develop a model that gives a complete picture of the Green Halal supply chain regarding how suppliers and customers work together to implement green practices. The model can help the business world and policymakers determine what green practices they can work together on and their pros and cons. Pakistan can build its reputation as the world's top Halal hub by joining the Green Halal supply chain.
Sharia Financial Literacy: Research Trends and Directions for Future Inquiry Apriantoro, Muhamad Subhi; Herviana, Jalesta; Yayuli, Y; Suratno, S
Journal of Islamic Economic Laws Vol 6, No 2 July 2023
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v6i2.22396

Abstract

Sharia financial literacy refers to understanding the advantages and disadvantages of financial products and services, which can benefit the financial sector and society. However, research on this topic has needed to be faster to develop, with the Islamic financial literacy index lagging far behind the conventional financial inclusion index. Therefore, it is essential to conduct research that can inform future studies. This study aims to explore the direction of research on Islamic financial literacy by analyzing publications related to Islamic finance using bibliometric methods, VOSviewers, and R-studio applications. This analysis identifies core journals in international publications, researcher productivity, institutional collaboration, and keyword/author development. This finding indicates that Widyastuti, U. has the most publications, while Universiti Teknologi MARA and Universiti Malaya are the most productive universities. Indonesia and Malaysia are the nations with the most published works.
Panopticism on The Consumption of Halal Products in Indonesian Muslim Society Markets Desika, Pratiwi; Ulinnuha, Roma
Journal of Islamic Economic Laws Vol 6, No 2 July 2023
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v6i2.22313

Abstract

State standardization in realizing the legitimacy of halal products focuses on the rules in Law No. 33 of 2014, which regulate Halal Product Guarantee. The halal label is a sign of the halal statement of a product and a halal guarantee for Muslim consumers in Indonesia. The company’s self-claim on the Halal certification serves as one of the problems besides the issue of habituation. In this vein, Halal certification is designed to control and regulate product halalness in the form of supervision to gain each producer’s acceptance. This article aims to determine the state's role and regulations as a panopticon for producers to register their products to obtain halal certification. The method used in this article is a qualitative approach using library research and the theory panopticon perspective of Michel Foucault to analyze it. The results of this article show that the state and regulations have yet to arrive at the panopticon system in the absence of strong law enforcement. This regulation functions as a monitoring tool for producers by referencing the halal label and its certification printed on the product. The implication of halal certification, a mechanism from internalizing power over every product in circulation to ensure quality and safety in the production process to achieving the status of tested halal, constitutes a more forceful discipline method.
Does Islamic Corporate Governance Moderation The Influence of Sharia Financial Performance Toward Islamic Social Reporting? Wairooy, Fatimah Az-zahra; Haryono, Slamet
Journal of Islamic Economic Laws Vol 6, No 2 July 2023
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v6i2.22358

Abstract

This study examine to retest the influence of Sharia Financial Performance towards Islamic Social Reporting with Islamic Corporate Governance as a moderation variable (empirical study on Indonesia Islamic Commercial Bank from 2016-2021). The hypothesis examine by using MRA regression and panel data regression. The population in this research are all the Islamic Commercial Banks that listed on OJK from 2016-2021. The sampling methods that used in this research is purposive sampling and could manage to obtained 66 sample from 11 Islamic Commercial Banks. The results shows that Return On Assets, Ruturn On Equity, and Financing to Debt Ratio influenced the disclosure did Islamic Social Reporting, whereas Capital Adequacy Ratio, Debt to Equity Ratio, and Investment Account Holder did not influenced the Islamic Social Reporting. Furthermore frequency of board of commissioner could influenced Financing to Debt Ratio, and Investment Account Holder towards deepening of Islamic Social Reporting, frequency of audit committee meeting could be moderating Investment Account Holder towards strengthening Islamic Social Reporting, While the frequency of sharia supervisory board meeting could moderating Financing to Debt Ratio towards Islamic Social Reporting. The findings of this study can be important input for regulators to properly regulate the number of meetings of each board in influencing Islamic Financial Performance as a tool in disclosing their Islamic Social Reporting.
Determinant of Job Satisfaction and Job Performance among Staff of An Islamic Banks Wulandari, Elisa; Adiba, Elfira Maya; Septiana, Nurul Izzati
Journal of Islamic Economic Laws Vol 6, No 2 July 2023
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v6i2.21476

Abstract

Human resources in a company is a valuable asset that needs attention to achieve maximum performance so that company goals are achieved. Satisfied employees will affect their performance. There is still a lack of research on the relationship between internal and external factors and job satisfaction and human resource performance, particularly regarding the current popular topic of work-life balance and what young employees want from their jobs. This study aims to determine the effect of Islamic leadership, Islamic work environment, Islamic work motivation, and work-life balance on employee satisfaction and performance at Islamic banks. This study used a quantitative approach with a sampling, namely simple random sampling. The number of samples in this study was 41 respondents. Data analysis techniques use SEM-PLS using SmartPLS to manage data. The results showed that Islamic leadership variables greatly influence employee job satisfaction, work environment variables, work-life balance, and work motivation have a small influence on job satisfaction. In contrast, job satisfaction variables have a large influence on employee performance. The findings of this study are anticipated to be an assessment of Islamic bank stakeholders' attention to their human resources to maximize job satisfaction and performance and hasten the achievement of the company's objectives. The construction of a supportive Islamic workplace environment and work-life balance are issues that require consideration to promote employee satisfaction and performance.
Identification and Efectiveness of Halal Tourism Laws in Indonesia Susilawati, Cucu
Journal of Islamic Economic Laws Vol 6, No 2 July 2023
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v6i2.22597

Abstract

Indonesia has two crucial points in halal tourism: having a variety of attractive halal tourist destinations and a sizeable Muslim community. However, Indonesia still needs to improve compared to other countries. This study aimed to identify and determine the effectiveness of halal tourism regulations for Muslim communities in Indonesia. This research is normative empirical model in nature where several established rules and regulations are critically reviewed. A simple interview also conducted to support the result. This study found that the main umbrella of regulation was Law number 33/2014 on Halal Product Guarantee and Islamic Guidance of DSN-MUI Fatwa 108/DSNMUI/X/2016 on Toursim Management Based on Islamic Principles. While the latter is not a binding rule, the initial was found to be ineffective altough fulfilled the Rule of Law. In addition to that factor, we also found the ineffectiveness of law enforcement, the lacking facilities and inadequate infrastructure and low public awareness on the regulation. This article suggested that Indonesia should enact a more specific law devised for halal tourism to ensure the accelaration of this fast growing industry.
The Importance of Implementing Environment, Social and Government (ESG) and Maqasid Sharia-Based Islamic Finance in Islamic Bank Agustin, Fitriyana; Muhtadi, Ridan; Sahal, Sakinah
Journal of Islamic Economic Laws Vol 6, No 2 July 2023
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v6i2.21214

Abstract

Environment, Social & Governance (ESG) is a trending topic worldwide that is gaining a lot of traction because of its focus on social and environmental impact, and its relationship to improving financial performance. Likewise, Islamic Finance, being Shariah-compliant, is also another concept that is growing globally. These two concepts share many common values and similarities as they address challenges of social development. However, there are several obstacles and challenges in terms of integrating ESG in financial institutions, because this is a new concept. Financial institutions implement sharia principles with the aim of achieving Maqasid Sharia (i.e., protecting life, religion, mind, lineage and property). Even in the concept of ESG investment, screening of certain business sectors is required. The aim of this research is to optimize the potential to attract more interest from public companies as ESG and Maqasid Syaria strive to fulfill their social goals without compromising their side business operations. The research method uses a type of Systematic Review with a mixed method of literature search which is carried out both in qualitative and quantitative research. It aims to improve the integrity of research findings from 20 journal articles. This research found that Many Islamic banks have started promoting sustainability through their financing and initiatives many years ago which put them ahead in terms of ESG. There are still many obstacles that need to be overcome to get the best results from the integration of ESG and Islamic Finance as well as offering insights into Islamic finance models such as ESG investment from an Islamic perspective, especially with regard to the concepts of Maqasid Sharia and maslaha mursala, so that ESG and Maqasid Sharia can be applied in all institutions, especially Islamic banking.

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