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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 84 Documents
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Perspectives of Quraish Shihab and Yusuf Qaradhawi on Usury and Interest in the Context of Islamic Finance Sehabudin, Dedeng; Pahala, Lamlam; Rahayu, Sri; Vladimirovich, Kurganov Maksim
Journal of Islamic Economic Laws Vol. 7 No. 01 (2024): January
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v7i01.3189

Abstract

This research explores the perspectives of Quraish Shihab and Yusuf Qaradhawi on the concepts of usury and interest in the context of Islamic finance. Through a literature review methodology, the study provides a descriptive analysis of their viewpoints as presented in various sources, such as books, scholarly works, and related literature. Quraish Shihab's perspective revolves around the intrinsic injustice associated with prohibited usury. He contends that usury involves elements of oppression, exploitation, and duplication, emphasizing the simultaneous taking of excess with debt. Quraish Shihab's view positions usury as a system that perpetuates injustice through its exploitative nature. In contrast, Yusuf Qaradhawi offers a different interpretation, characterizing bank interest as an additional value determined by the payer. Yusuf Qaradhawi introduces a pragmatic dimension by highlighting that, in the case of non-repayment, the debt's amount increases at the specified payment time. This perspective suggests a more flexible approach, where interest is seen as a consequence of delayed repayment rather than an inherently unjust practice. In analyzing the abstractions presented by both scholars, this research unravels the complexities within Islamic finance. It reveals the nuances between Quraish Shihab's emphasis on the inherent injustice of usury and Yusuf Qaradhawi's more practical approach, considering interest as a result of delayed repayment. Through this comparative study, the research contributes to a more comprehensive understanding of the diverse perspectives within the Islamic financial framework.
Socio-Economic Determinants of Individual Muslim Zakat Payment Behavior in Indonesia: Analysis of Indonesia Family Life Survey (IFLS) Dataset Durohman, Hapid; Andrian Sutisna, Fajar; Yuka Anugrah, Muhammad; Baharuddin, Andi Zamakhsyari
Journal of Islamic Economic Laws Vol. 7 No. 01 (2024): January
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v7i01.3362

Abstract

Zakat is one of the pillars of Islam and holds significant potential in Indonesia. However, the collected amount remains below its potential due to the neglect and perceived insignificance of zakat payments by many Muslims. Therefore, understanding socio-economic behaviors and factors influencing individual decisions to pay zakat is crucial. This research investigates the determinants of socio-economic factors on individual zakat behavior, using data from the 2014 Indonesian Family Life Survey (IFLS) focusing on individuals aged 15 and above. Probit regression methodology is employed to examine individual decisions on zakat payments, utilizing STATA 17 for analysis. The findings indicate that individuals with higher socio-economic status are more likely to pay zakat, as evidenced by variables such as gender, household size, age, home ownership, loans, years of schooling, income, religiosity, and occupation significantly influencing contributions. However, variables like place of residence and marital status do not significantly impact payment decisions. Research implications highlight the need for targeted interventions and educational programs to enhance zakat awareness and compliance, especially among individuals with lower socio-economic status.
An analysis of The Halal Certification Movement for MSME (Micro, Small, and Medium Enterprises) Actors: A Case Study on Halal Tourism in Kudus Regency Nafis, Abdul Alimin; Agung Slamet Sukardi; Muhammedi, Ssonko
Journal of Islamic Economic Laws Vol. 7 No. 01 (2024): January
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v7i01.3394

Abstract

Kudus Regency is one of the districts that has tourism potential in the field of halal tourism, where elements that support halal tourism include MSMEs, even though halal certification on MSME products is still minimally applied by MSME actors, especially those in halal tourism in Kudus Regency. The lack of knowledge is also one of the reasons why MSME actors and administrative procedures need to be better understood by MSME actors. This study aims to provide an understanding of the urgency of the halal certification movement for MSME actors in the halal tourism sector so that it is expected to create new jobs. This research uses a qualitative approach by interviewing ten people consisting of MSME actors, where the interview emphasizes the importance and understanding of Halal certification in MSMEs. The results of this study show that with Halal certification on MSME products, consumers increasingly trust and get guarantees from these products, so products that have Halal certification increasingly show that they are worthy of a massive market. The government, Halal Certification Companions, and stakeholders are advised to play a vital role in enhancing MSME participants' understanding of halal certificates for MSME products in halal tourism zones, according to this study.
Market Intervention Policy in The Case of Rising Rice Prices in Indonesia From The Perspective of Ibn Taimiyah Bella, Alif Mujiyana Eka; Rahmawati, Lilik; Jim, Mahafizur Rahman
Journal of Islamic Economic Laws Vol. 7 No. 01 (2024): January
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v7i01.3484

Abstract

Rice is an important commodity and is needed by the wider community, its existence is vital as a means to fulfil the needs of life, therefore the Indonesian government's intervention in this commodity is very high. The price of rice in Indonesia continues to rise for many factors. This research employs qualitative methods which is called library research. The result of this study is the increase in rice prices in Indonesia according to Ibn Taymiyyah is entirely caused by market forces. According to Ibn Taymiyyah what is needed therefore is market intervention, instead of price intervention. The market intervention carried out by the Indonesian government is by intensifying the social assistance program, running market operations with the SPHP program, and strengthening the stock of government rice reserves (CBP). Meanwhile, the policy of setting the price ceiling should not be carried out by the government because the market conditions related to this rice commodity run perfectly and there is no market distortion.
Factors Influencing Fashion Consciousness in Muslim Fashion Consumption among Zillennials Ocktavia, Annisa Kartika; Marenza, Silvya Eka; Al-Ayubi, Solahuddin; Maulana, Huda Kurnia
Journal of Islamic Economic Laws Vol. 7 No. 01 (2024): January
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v7i01.3487

Abstract

This study aims to analyze the factors that influence awareness of Muslim fashion consumption among Generation Z in Indonesia. Data is collected using a questionnaire using the convenience sampling method. A total of 255 final data points can be used for data analysis using SmartPLS. The results show that the style of dressing, the motivation for fashion, the uniqueness of fashion, and the source of fashion knowledge positively influence fashion awareness and indirectly influence Muslim fashion consumption. The findings from this study provide valuable insights to stakeholders in the fashion industry, including designers, retailers, and entrepreneurs, in understanding Muslim market segments. Practitioners can develop Muslim fashion products that are sharia-friendly and effectively target Muslim consumer segments through appropriate marketing strategies.
Navigating Generosity: Exploring Determinants of Zakat, Infaq, and Sadaqah among the Hijrah Community in the COVID-19 Pandemic Azhar, Neng Zulfa; Nofrianto, Nofrianto; Khan, Abdul Karim; Chantarungsri, Chariyada
Journal of Islamic Economic Laws Vol. 7 No. 02 (2024): July
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v7i02.3584

Abstract

This study investigates the factors influencing the hijrah community's decision to contribute to Zakat, Infaq, and Sadaqah (ZIS) during the COVID-19 pandemic in Indonesia. Drawing upon the Theory of Planned Behavior (TPB), we examine the impact of religiosity, altruism, subjective norms, behavioral control, and institutional image on ZIS payment decisions. Data were collected through a questionnaire survey of 255 members of the hijrah community and analyzed using ordinal logistic regression. Results indicate that religiosity, altruism, and subjective norms significantly influence the decision to pay ZIS, while behavioral control and institutional image do not. This suggests that individuals with strong religious convictions, driven by empathy and a sense of social responsibility, and influenced by their social networks, are more likely to contribute to ZIS, regardless of perceived ease or institutional factors. This preference for direct giving, motivated by trust and a desire for tangible impact, further explains the limited influence of institutional image. This study contributes to the understanding of ZIS giving behavior within the increasingly prominent hijrah community, particularly during times of crisis, and offers valuable insights for Islamic philanthropic institutions seeking to maximize ZIS collection by tailoring their strategies to align with the motivations and values of this growing segment of donors. While this study focuses specifically on the hijrah community in Indonesia, future research should explore these factors among diverse Muslim populations in various socio-cultural contexts to enhance the generalizability of the findings.
The Decision to Use Halal Cosmetics: Influence of Quality, Benefits, Awareness, and Brand Image Wandirah, Ayu; Hudatil Atkiyan, Fahrul; Juansha, Andri; Ali Azhar, Jeihan
Journal of Islamic Economic Laws Vol. 7 No. 01 (2024): January
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v7i01.3769

Abstract

The purpose of this research is to ascertain the influence of brand image-mediated product quality, product benefits, and awareness on travelers' decisions to use halal cosmetics while in Lombok, West Nusa Tenggara. This research is a quantitative study using primary data obtained from distributing questionnaires. A total of 305 respondents who have visited Lombok, NTB, made up the study's sample. The technique for data analysis is Structural Equation Modeling based on Partial Least Squares or SEM-PLS. It is known that product quality has no bearing on whether or not someone chooses to use halal cosmetics based on data analysis findings. The decision of Lombok NTB tourists to use halal cosmetics is, however, influenced positively by the benefits of the product, awareness, and brand image. Meanwhile, brand image is unable to mediate the relationship between product quality, benefits, and awareness of the choice to use halal cosmetics among Lombok NTB tourism.
Analysis of Halal Literacy, Halal Awareness, Motivation and Religiousity of SMES on Interest in Halal Certification in Banjarmasin Wahab, Abdul Wahab; Iman Setya Budi; Amanda, Afina Putri Fatimah
Journal of Islamic Economic Laws Vol. 7 No. 02 (2024): July
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v7i02.5071

Abstract

Micro, Small, and Medium-Sized Enterprises (MSMEs) play a significant role in Banjarmasin City's local economic development. Along with this growth, halal products have great potential to gain the support of consumers whose awareness of halal products is increasing. Halal factors are becoming increasingly important to consumers when making routine product purchases. This study examines how the motivation,religiosity, halal literacy, and halal awareness of MSME (Micro, Small, and Medium Enterprises) actors affect their desire to get halal certification in Banjarmasin City. This study is conducted using field research using a quantitative descriptive technique. Purposive sampling, a non-probability sampling technique, selects samples based on the requirement to meet specific objectives, such as identifying MSMEs in Banjarmasin for a minimum of one year. A questionnaire is used for data collection, and the sample size is 96. Using SPSS 25.0 for Windows applications,the following data analysis procedures were employed: hypothesis testing, data validity analysis, and descriptive data analysis. The findings indicate that MSMEs' interest in Halal Certification in Banjarmasin City is significantly influenced, at least in part, by the factors of Halal Literacy, Halal Awareness, Motivation, and Religiosity. The factors significantly impacting MSMEs' interest in halal certification in Banjarmasin City simultaneously include motivation,religiosity, halal literacy, and halal awareness.
Waqf Literacy, Islamic Religiosity, Subjective Norm, Perceived Behavior Control, and Attitude on Muhammadiyah Citizens' Interest in Becoming Wakif Rini, Nova; Susilawati, Susi; Suryaningsih, Fina
Journal of Islamic Economic Laws Vol. 7 No. 02 (2024): July
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v7i02.5113

Abstract

Muhammadiyah citizens consisting of Muhammadiyah members and those who work and study or attend Muhammadiyah organizations. There are interesting objects to analyze because Muhammadiyah can collect waqf assets, especially cash waqf of Rp 2.4 trillion per year. This is a very large amount. If invested productively, the results or profits can be channelled for the progress and prosperity of the Muhammadiyah organization and Muslims. This research aims to determine the influence of the variables Waqf Literacy, Islamic Religiosity, Subjective Norm, Perceived Behavior Control, and Attitude in influencing the interest of Muhammadiyah citizens to become wakif. The analytical method used is quantitative with a Structural Equation Model (SEM) approach. The software used is SmartPLS 3.0. The sample used was 188 respondents from 14 provinces in Indonesia. This research indicates that Muhammadiyah citizens' interest in becoming wakif can be directly influenced by the variables of Islamic Religiosity and their Perceived Behavior Control (PBC). However, the indirect influence on Muhammadiyah's citizens' interest is insignificant. This result can be seen from the research results that the variables Islamic Religiosity, Waqf Literacy, Subjective Norm, PBC, and Attitude do not significantly influence the interest of Muhammadiyah citizens in becoming wakif. One of the causes of this insignificance is the direct influence between the Attitude variable and interest insignificantly. So, the implications of this research were increasing Islamic Religiosity and PBC in Muhammadiyah citizens becoming waqif. Implications for further research include adding or replacing variables that influence people's interest in becoming a waqif, are trust and transparency
Blue Economics in Islamic Economics Perspective: Fiqh Bi’ah Approach: Fiqh Bi’ah Approach Citaningati, Putri Rizka; Alfianto, Tri
Journal of Islamic Economic Laws Vol. 7 No. 02 (2024): July
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v7i02.5200

Abstract

This research explores the implementation of the blue economy in various Islamic countries, focusing on marine resource production and environmental conservation efforts. Conceptually, the blue economy aligns with the principles of fiqh bi'ah, which emphasize preserving natural resources while ensuring their sustainable use. The study employs an exploratory qualitative approach, using a comprehensive literature review of sources from predominantly Muslim countries such as Indonesia, Pakistan, Bangladesh, Iran, and the Maldives. Sources were selected based on their relevance to blue economy practices, Islamic environmental ethics, and sustainable development in fisheries and aquaculture. The findings indicate that the fisheries sector significantly contributes to economic growth but needs to be balanced with marine ecosystem conservation. Both capture fisheries and aquaculture production have the potential to enhance economic growth, while improvements in international fisheries trade are also crucial. By applying the principles of fiqh bi'ah, these countries can balance economic growth while ensuring marine environmental sustainability and compliance with Islamic values. The study concludes that integrating Islamic environmental principles into blue economy strategies can support long-term sustainability while fostering economic resilience.

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