cover
Contact Name
Azhar Alam
Contact Email
aa123@ums.ac.id
Phone
+6285647250600
Journal Mail Official
jisel@ums.ac.id
Editorial Address
Jl. Ahmad Yani, Pabelan, Kartasura, Surakarta 57162, Jawa Tengah, Indonesia
Location
Kota surakarta,
Jawa tengah
INDONESIA
Journal of Islamic Economic Laws
ISSN : 26559609     EISSN : 26559617     DOI : https://doi.org/10.23917/jisel
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.
Articles 2 Documents
Search results for , issue "Vol. 9 No. 01 (2026): January" : 2 Documents clear
The Impact of Zakat on the Economy and Poverty in Indonesia Runtiningsih, Sri; Alirastra Budiantoro, Risanda; Syahrul Fauzi, Ahmad; Mustofa, Ubaedul; Syarifah, Lailatis; Rahmayani, Dwi
Journal of Islamic Economic Laws Vol. 9 No. 01 (2026): January
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v9i01.10461

Abstract

This study aims to examine the impact of zakat and various socio-economic factors on regional economic growth and poverty levels in Indonesia. Using panel data from 34 provinces in Indonesia for the period 2019-2021. This study examines the complex relationships between zakat distribution and key macroeconomic indicators within an Islamic economic framework, using a common effects model for the economic growth equation and a fixed effects model for the poverty equation. The results indicate that zakat has a positive significant effect on economic growth and has a negative  significant effect on poverty. This research provides valuable insights into the potential role of zakat in addressing economic inequality and promoting sustainable development in Indonesia.
Assessing Shariah Compliance: An Analysis of Ijārah Financing Practices in Sri Lanka's Islamic Banking Sector against AAOIFI Standards Hayathu Mohamed, Ahamed Hilmy; Ahamed Lebbee, Abdul Rauf; Mohamed Casim, Abdul Nazar
Journal of Islamic Economic Laws Vol. 9 No. 01 (2026): January
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v9i01.13319

Abstract

This study critically examines the extent to which Ijārah nancing practices in Sri Lanka's Islamic banking sector conform to the principles delineated in the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) Shariah Standard No. 9. Employing a qualitative, descriptive, and exploratory methodology grounded in a comprehensive literature review, this study synthesises information from peer reviewed journals, regulatory reports, and institutional documents. It establishes AAOIFI standards as the benchmark for compliance and systematically analyzes Sri Lankan practices, identifying key areas of convergence and divergence. The findings reveal a significant reliance on institutional-level Shariah governance, in the absence of a robust national regulatory framework. The analysis further uncovered critical gaps, particularly in the operational mechanics of Ijārah products, which may functionally resemble conventional nancing in some instances, thereby raising concerns about adherence to the higher objectives of Islamic law (Maqāṣid al-Sharīʿah). This study provides a comparative perspective on international best practices. It offers strategic recommendations for policymakers and financial institutions to enhance Shariah compliance, strengthen transparency, and foster sustainable growth in the Sri Lankan Islamic nance industry.

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