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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 10 Documents
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Search results for , issue "Vol. 8 No. 02 (2025): July" : 10 Documents clear
The Effect of The Characteristics of the Board of Directors and Sharia Supervisory Board on The Distribution of Zakat of Islamic Banks In Indonesia Hariz, Muhammad; Baehaqi, Ahmad; Kamal, Mustafa; Kian, Behnam
Journal of Islamic Economic Laws Vol. 8 No. 02 (2025): July
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v8i02.9059

Abstract

This study aims to test the effect of the characteristics of the Board of Directors and the Sharia Supervisory Board on the distribution of Zakat to third parties by Islamic banks in Indonesia. This research uses an associative quantitative approach using panel data regression. The data is secondary from Islamic banks' annual reports in Indonesia registered with OJK for 2021-2023. The sampling method used was purposive sampling, and a sample of 11 Islamic banks with 33 annual reports. The results showed that the number of meetings of the Board of Directors and the number of meetings of the Sharia Supervisory Board did not affect the distribution of Zakat. Meanwhile, the educational background of the Board of Directors has a negative effect on the distribution of Zakat, and the educational background of the Sharia Supervisory Board has a positive effect on the distribution of Zakat. The implications of this research can theoretically be used as a reference for further research. Practically, this research can be used as a reference material for Islamic banks in Indonesia and similar countries in optimizing social performance and evaluation material, especially for distributing Zakat to third parties.
Muslimah Label or Sharia-Compliant Brand? A Study on Kirei Salon and Spa Muslimah Bekasi Through The Lens of DSN-MUI Fatwa Wibisono, Vina Fithriana; Arief, Suyoto; Rafifah, Fairuz Hasna
Journal of Islamic Economic Laws Vol. 8 No. 02 (2025): July
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v8i02.9860

Abstract

The growing popularity of Muslimah-branded beauty services raises questions about the authenticity of their compliance with Sharia principles. This study aims to critically examine whether Kirei Salon and Spa Muslimah Bekasi, which adopts an Islamic branding strategy, operates in accordance with Fatwa DSN-MUI No.108/DSN-MUI/X/2016 on Guidelines for Organizing Tourism Based on Sharia Principles, particularly in the context of spa, sauna, and massage services. This research method employing a descriptive qualitative approach, data were collected through interviews with the salon owner, staff, and customers, as well as field observations and documentation analysis. The findings indicate that while Kirei Salon and Spa Muslimah effectively maintains female-only service and promotes modesty in branding, several operational practices do not fully align with the DSN-MUI fatwa. Notable discrepancies include the use of uncertified beauty products, the offering of certain non-compliant treatments (e.g., hair colouring, extensions), and the absence of properly segregated prayer facilities. These findings suggest that the Muslimah label functions more as a branding identity rather than reflecting full adherence to Sharia-compliant operational standards. This study contributes to the discourse on Islamic branding by highlighting the gap between religious label usage and actual Sharia compliance in the beauty service sector. It provides a critical lens for both business practitioners and regulators to reevaluate the standards and authenticity of Muslimah-oriented branding.
Initiation of Social Financing for Poverty Alleviation Through Cash Waqf Linked Qurban (CWLQ) in Indonesia Budiantoro, Risanda A.; Mustofa, Ubaedul; Asrori; Jayanto, Prabowo Yudo; Fauzi, Ahmad Syahrul; Runtiningsih, Sri
Journal of Islamic Economic Laws Vol. 8 No. 02 (2025): July
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v8i02.9892

Abstract

Poverty in Indonesia is a serious problem, where the amount of meat consumption is decreasing, and the inequality of meat consumption between the rich and poor groups is increasing every year. The sacrificial worship has great potential to improve the community's economy, including livestock waqf, which can overcome the inequality of meat consumption. This study aims to analyze the initiation of social financing facilities through CWLQ to alleviate poverty in Indonesia. The research method used is panel data analysis by combining data from 34 provinces in Indonesia in the period 2019-2023. The independent variables used are sacrificial production, poverty in the previous period, economic growth, HDI, and the Gini coefficient, while the dependent variable is the poverty rate. The results of the analysis of sacrificial production, poverty in the previous period, economic growth, HDI, and the Gini coefficient will provide insight into the influence of economic and social factors in poverty alleviation efforts. This research is expected to contribute to developing more effective waqf-based policies in Indonesia, especially in supporting the national agenda to reduce poverty. These findings can also be a reference for policymakers and social and financial institutions designing sustainable CWLQ management strategies that positively impact the welfare of the wider community.
Understanding Pilgrim Satisfaction: The Role of Customer Experience and Bonus Pack in Umrah Travel Nugraha, Aa Willy; Ismail, Shafinar
Journal of Islamic Economic Laws Vol. 8 No. 02 (2025): July
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v8i02.9969

Abstract

In the context of increasing demand for religious tourism, understanding the factors that drive satisfaction among Umrah pilgrims is essential. This study examines the impact of customer experience and bonus packs on the satisfaction of Umrah pilgrims in Indonesia. Employing a quantitative approach, data were collected from 120 respondents using a structured questionnaire and analyzed using Structural Equation Modelling with Partial Least Squares (SEM-PLS). The results reveal that both customer experience and bonus pack significantly influence satisfaction, with both factors having a partial and simultaneous impact on satisfaction. Bonus packs—comprising additional services or amenities—emerged as a strong predictor of satisfaction by enhancing perceived value during the pilgrimage journey (path coefficient = 0.376, p < 0.001). Customer experience also demonstrated a significant positive effect (path coefficient = 0.354, p < 0.038), underscoring the importance of service quality and emotional connection throughout the pilgrimage process. Simultaneously, the two constructs explain 51,5% of the variance in satisfaction (R² = 0.515). These findings underscore the strategic importance of integrating meaningful customer experiences with value-added offerings to enhance service satisfaction in Umrah travel services. Travel agencies are advised to invest in enhancing service touchpoints and bundling attractive bonus features to improve customer satisfaction. Limitations of this study include its regional focus on Tasikmalaya, which may limit its broader applicability. Future research is encouraged to include more diverse populations and investigate moderating variables such as religiosity, service innovation, and digital engagement.
Measuring Social Impact of The Minhati Scholarship Program: An SROI-Based Evaluation of ZISWAF Fund Distribution at LAZISWAF UNIDA Gontor Wibisono, Vina Fithriana; Zahro', Khurun'in; Jakiyudin, Ahmad Havid; Rafifah, Fairuz Hasna
Journal of Islamic Economic Laws Vol. 8 No. 02 (2025): July
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v8i02.10269

Abstract

LAZISWAF UNIDA Gontor is a progressive ZISWAF waqf institution that supports education through its flagship program, Minhati, which provides scholarships for underprivileged students. Despite the continuous distribution of ZISWAF funds, there has been no comprehensive measurement of the program’s actual impact on its beneficiaries. This raises a critical issue regarding the effectiveness, transparency, and accountability of ZISWAF fund utilization in achieving social and educational outcomes. This study aims to evaluate the effectiveness of the Minhati program by measuring the social value it creates using the Social Return on Investment (SROI) approach. The research method used is qualitative with the SROI approach to assess the program’s social, economic, and environmental impact. Primary data is sourced from the 2023-2024 annual financial report, and data collection involves questionnaires from 29 scholarship recipients by purposive sampling. The results of this study indicate that the SROI value is 1,67, indicating that every Rp 1 invested generates Rp 1.67 in social impact. This demonstrates that the Minhati program significantly enhances students' welfare, benefits their families, and contributes to social and religious affairs.
Unraveling the Performance of Islamic Banking: An Analysis of Determinant Factors of Islamic Commercial Banks’ Financing 2018 ̶ 2023 Wijayanti, U'ut; Suprayitno, Eko
Journal of Islamic Economic Laws Vol. 8 No. 02 (2025): July
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v8i02.10388

Abstract

The financing distribution by Islamic banks plays a crucial role in driving national economic growth. In its practice, financing is not without risks. Therefore, Islamic banks must manage risk and analyze the factors influencing their financing distribution. The research aims to analyze the influence of the Minimum Statutory Reserve (GWM), Third-Party Funds (DPK), Capital Adequacy Ratio (CAR), Financing to Deposit Ratio (FDR), and Non-Performing Financing (NPF) on the financing distribution of Islamic commercial banks.The research employed a quantitative research method using an explanatory approach. The researcher obtained the secondary data from the bank websites and used the purposive sampling technique. The research population and sample comprised Islamic commercial banks in Indonesia from 2018 to 2023. The analysis was conducted using panel data regression and the E-Views 12 software. The research results indicate that, partially, the DPK and FDR positively and significantly influence the Financing Distribution. In contrast, the CAR significantly and negatively influences Financing Distribution. In addition, the GWM and NPF do not show a significant influence on the Financing Distribution. Simultaneously, the GWM, DPK, CAR, FDR, and NPF significantly influence the Financing Distribution.
Legal Certainty of Tarim Cream Use: A Consumer Protection Law and Maqashid Sharia Perspective Ababil, Bella; Alamudi, Ichwan Ahnaz; Abdillah, Muhammad Torieq; Umairoh, Noor Sifa
Journal of Islamic Economic Laws Vol. 8 No. 02 (2025): July
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v8i02.10612

Abstract

This study analyzes the legal certainty of Tarim cream under Consumer Protection Law and maqashid sharia principles. Tarim cream has gained popularity, particularly through social media promotion by religious influencers, despite lacking official BPOM and halal certification from BPJPH. This normative legal research employs a statutory and Islamic legal approach grounded in maqashid sharia. The findings reveal that Tarim cream violates consumer rights, particularly those related to safety, information transparency, and honest marketing. From the sharia perspective, the product potentially harms the five fundamental objectives of Islamic law: protection of religion, life, intellect, wealth, and lineage. This study underscores the need for stronger regulations and public education to ensure the circulation of halal and safe products in Indonesia. It contributes to strengthening consumer protection frameworks in the halal industry and emphasizes the importance of maqashid-based consumer awareness.
The Impact of Financial Technology on Advancing Banking Services and Promoting Financial Inclusion in Libya Etorbi, Mustafa
Journal of Islamic Economic Laws Vol. 8 No. 02 (2025): July
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v8i02.10073

Abstract

This research examines the impact of Financial Technology (FinTech) on advancing banking services and financial inclusion in Libya. The study aims to foster financial inclusivity and advance fintech development in Libya, relying on the Innovation Diffusion Theory. Utilizing a quantitative approach in this research, data is collected from Libyan bank customers through structured questionnaires and is analyzed using the Statistical Package for Social Sciences (SPSS). The findings of this research support the hypothesis that the adoption of Alternative Payment Methods (APMs) and automation by banks positively impacts financial inclusion and service quality. The results of this study intend to assist policymakers and financial institutions in devising targeted plans to support Libya’s recovery through FinTech, modernizing its banking system, and improving the quality of services offered to citizens. This study informs the debate on developing technology-based mechanisms to tackle the specific banking problems in Libya, improve financial inclusion and assists the key stakeholders by providing them with an elaborate roadmap on enhancing service delivery.
Islamic Circular Economy in Business Practice and Islamic Finance: A Systematic Literature Review Fathma, Azizah; Thoriq Alfarisi, Muhammad; Darwanto
Journal of Islamic Economic Laws Vol. 8 No. 02 (2025): July
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v8i02.11697

Abstract

Global environmental crises, including climate change, natural resource degradation, and increasing waste, pose significant challenges to conventional linear economic systems. In response, the circular economy has emerged as an alternative model emphasizing resource reduction, reuse, and recycling. However, scholarly work examining its integration with Islamic values remains fragmented. This study addresses this gap through a systematic literature review of 11 Scopus-indexed publications (2019-2024) conducted according to PRISMA guidelines. The method employed in this research is a literature review, which aims to describe the existing research landscape on the circular economy from an Islamic perspective, drawing on relevant and current academic literature. The analysis reveals two themes in circular economy research from an Islamic perspective: First, the concept of Islamic Circular economy in business practice, such as khalifah fil ardh (stewardship), tawazun (balance), maslahah (public benefit), and the prohibition of israf (waste), demonstrates intrinsic compatibility with circular economy goals. Second, the Islamic finance sector, with its blended financial models, Islamic social finance instruments, and green sukuk, offers viable financing alternatives for circular economy initiatives. The findings provide a foundational mapping for future research to further develop Islamic circular economy models, particularly through empirical validation and practical implementation strategies in both financial and business domains.
Integrating Religiosity and Public Policy to Foster Green Behavior: A Muslim Perspective Al Hadi, Qoshid
Journal of Islamic Economic Laws Vol. 8 No. 02 (2025): July
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v8i02.13105

Abstract

Plastic pollution has become one of the most pressing environmental challenges of our time, yet the role of faith and knowledge in driving sustainable consumer behavior remains underexplored. This study investigates how   religiosity, green knowledge, and plastic ban policies interact to shape green behavior among Muslim consumers. By integrating the Norm Activation Theory (NAT) and Institutional Theory, it develops a novel framework for understanding sustainability within a religious context. A survey of 210 Muslim consumers in Banjarmasin, Indonesia, was conducted using a five-point Likert scale to measure green knowledge, religiosity, perceptions of plastic ban policies, and green behavior, with data analyzed through structural equation modeling (SEM) to assess causal relationships. The results show that green knowledge is a strong predictor of green behavior, reinforcing personal norms aligned with Islamic values. In contrast, religiosity demonstrates a negative association with green behavior, reflecting barriers such as higher costs and limited access to eco-friendly products. Plastic ban policies strengthen social norms but, when interacting with religiosity, reduce individual responsibility. The originality of this study lies in its integration of religious values into NAT and Institutional Theory, providing new insights into how personal norms and institutional pressures interact to drive sustainability. The study is limited by its reliance on self-reported data and a localized sample, and future research is encouraged to expand to cross-cultural contexts and incorporate observed behavioral data.

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