cover
Article Per Year (5 Year)
All
Home Page
OAI Link
Editorial Team
Contact
Reviewer
Google Scholar
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
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 98 Documents
 6   7   8   9   10 
Halal Industry and Islamic Epistemology: Implications for Policy, Ethics, and Global Practices Abdul Wahab; Arqom Kuswanjono; Ilma Mahdiya
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.v9i01.13268

Abstract

The rapid growth of the global halal industry demands an epistemological framework that is rooted in Islamic principles and aligned with international regulations. This study addresses three questions: (1) how Islamic epistemology can be systematically constructed through its ontological foundations and axiological orientations to form a coherent halal industry framework; (2) how Islamic epistemology informs public policy and ethical governance globally; and (3) what is the most effective model for integrating maqasid al-shari‘ah into cross-jurisdictional halal certification and audits. Using a qualitative conceptual research design based on integrative library research and doctrinal analysis of classical Islamic texts, contemporary maqasid literature, and international halal standards, this study develops a Maqasid-Driven Halal Governance Model (MDHGM). Within this framework, ontology clarifies the metaphysical assumptions underpinning halal norms, while axiology specifies the ethical objectives that guide epistemological reasoning and regulatory application. Findings show that embedding Islamic epistemology into regulatory practices enhances traceability, performance, and contextual adaptability. Harmonizing maqasid values with global regulations strengthens trust, interoperability, and sustainability in the halal industry. This study is limited by its conceptual and library-based design, which lacks empirical validation across diverse institutional and regulatory contexts. Future research should empirically test the proposed model across jurisdictions and industry sectors to assess its applicability and robustness.
Ethical Values, Trusted Information, and Quality Heuristics in Shaping Halal Food Purchase Commitment: Evidence from the Indonesian Muslim Diaspora in Europe Faizul Mubarok; Shine Pintor Siolemba Patiro; Martino Wibowo; Deni Pandu Nugraha
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.v9i01.15900

Abstract

This study examines how ethical moral values and trusted halal information shape halal food purchase commitment among the Indonesian Muslim diaspora in Europe. Integrating value–cognition–behavior and information trust perspectives, this study proposes a dual-pathway model comprising Ethical–Moral Halal Value Attribution (EMHVA), the Halal Information Trust Ecosystem (HITE), and the Halal Quality and Safety Heuristic (HQSH). Data were collected from 173 respondents across nine European countries and analyzed using PLS-SEM. EMHVA does not directly influence purchase commitment but significantly affects HQSH, indicating a strong indirect effect. In contrast, HITE has a significant direct effect on purchase commitment and a weaker effect on HQSH. The mediating role of HQSH in the HITE pathway is marginal. These results suggest that ethical values operate through cognitive evaluation mechanisms, whereas trusted information directly reduces uncertainty and strengthens commitment. This study contributes to the literature by introducing a dual-pathway model that distinguishes between value- and information-driven mechanisms of halal consumption. Practically, it highlights the importance of strengthening credible halal information systems and enhancing quality signaling to support diaspora consumers in complex market environments.
The Impact of Love of Money and Islamic Financial Literacy on Muslims' Financial Self-Management in East Java Lusianah Dhewi Findartika; Elfira Maya Adiba
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.v9i01.15159

Abstract

This study aims to analyze the influence of Islamic financial literacy and the love of money on Muslims' personal financial management in East Java, both directly and through the mediation of financial self-efficacy. The study used a quantitative approach, employing a survey of Muslims from Generations Y and Z in East Java, selected through purposive sampling. Data analysis was conducted using Partial Least Squares–Structural Equation Modeling (PLS-SEM). The results showed that Islamic financial literacy and love of money have a significant positive effect on personal financial management and financial self-efficacy. Financial self-efficacy was shown to have the strongest influence on personal financial management and acts as a partial mediator in the relationship between Islamic financial literacy and love of money with personal financial management. In conclusion, improving Muslim personal financial management requires not only strengthening Islamic financial literacy but also building financial self-confidence. Therefore, an effective Islamic financial literacy program needs to integrate cognitive and psychological aspects simultaneously.
Forestry Green Sukuk Model: Harmonizing Hifz al-Bi'ah for Sustainable Restoration in Indonesia Rizky Wibowo; Furqon Khoiruddin; Nahar Surur; Akhmad Roja Badrus Zaman; Muhammad Mu’tamid Ihsanillah
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.v9i01.15356

Abstract

The increasing intensity of hydrometeorological disasters in Indonesia, such as flash floods and landslides, is directly proportional to the rate of national forest degradation. Mitigation efforts through forest restoration face a structural barrier: a funding gap that cannot be fully covered by the state budget. Although Indonesia has issued Green Sukuk, its allocation remains concentrated in the energy and transportation infrastructure sectors, while the high-risk forestry sector remains neglected. This study aims to construct a Forestry Green Sukuk model that harmonizes the principle of environmental preservation (Hifz al-Bi'ah) with modern Islamic financial engineering. The research method employed is normative legal research using a conceptual and statutory approach to analyze the DSN-MUI Fatwa, OJK regulations, and the Presidential Regulation on Carbon Economic Value. The research findings indicate that the use of the Ijarah Maushufah fi Zimmah (IMfZ) contract for the leasing of future asset benefits is the most appropriate structure to mitigate biological risks and uncertainty (gharar) in forestry projects. Unlike profit-sharing schemes, the IMfZ model provides cash flow certainty by monetizing ecosystem services, specifically carbon sequestration and flood mitigation, as valid underlying assets. This study offers a theoretical contribution to the paradigm shift in Hifz al-Bi'ah and provides practical solutions for regulators to develop bankable alternative financing schemes that support climate resilience and disaster risk reduction targets in Indonesia.
Ta'widh Penalties in Rahn Tasjily: Contractual Formalism and the Risk of Riba in Indonesian Religious Courts Alfa Syiharurrohman SJ; Burhanuddin Harahap; Muhammad Rustamaji
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.v9i01.14307

Abstract

This study critically examines a systemic loophole in Indonesian Religious Courts where Western contractual formalism inadvertently legitimizes usury (riba) within Islamic economic disputes. Additionally, this study aims to propose a way out through Judicial Self-Assessment model for Indonesian Religious Courts. Employing doctrinal legal research, this study analyzes a recent Rahn Tasjily (fiduciary pawn) dispute to illustrate how judges, constrained by the procedural efficiency of the Small Claims Court (Gugatan Sederhana), rigidly apply the pacta sunt servanda doctrine. Consequently, they bypass their ex officio mandate to ensure substantive Sharia compliance. The core findings demonstrate that the judicially validated 4% daily penalty clause materially constitutes disguised Riba Nasi'ah rather than compensation for actual operational loss (Dharar al-Haqiqi). By calculating penalties proportionally to the principal debt and default duration, the court essentially sanctions the prohibited Time Value of Money. This approach facilitates risk-free capital accumulation for financial institutions and creates a systemic debt spiral for vulnerable micro-debtors. To resolve the tension between evidentiary challenges and the strict prohibition of usury, this research proposes a Judicial Self-Assessment model. By utilizing standardized court summon radius fees as an objective benchmark, judges can accurately quantify real loss. This mechanism empowers the application of the ex aequo et bono principle within strict Sharia corridors, effectively closing the judicial loophole that permits the legalization of riba.
Recontextualising UTAUT2 for Voluntary Religious Giving: Evidence from Indonesia’s Digital Zakat Efri Andini; Tissa Aulia Damayanti; M. Gunawan Azhar; Roky Apriansyah
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.v9i01.14470

Abstract

Indonesia is home to the largest Muslim community on earth and to a zakat base estimated above IDR 327 trillion, yet the funds actually collected amount to less than fifteen percent of that ceiling. Digital zakat services have multiplied in recent years, but their take-up among muzakki remains patchy, and what actually motivates voluntary religious giving through online channels is still poorly mapped. The current research broadens the second-generation of Unified Theory of Acceptance and Use of Technology by adding three constructs that become essential once the technology mediates an act of worship rather than an ordinary purchase: zakat literacy, Islamic religiosity, and trust in zakat institutions. Employing a quantitative approach, explanatory devise, survey data were collected from 373 Indonesian Muslims via a purposive online questionnaire and analysed with Partial Least Squares Structural Equation Modelling in SmartPLS 4. The findings show that the exogenous constructs jointly and positively shape the intention to give zakat through digital means (p < 0.01), with effort expectancy, trust in zakat institutions, and facilitating conditions standing out as the leading drivers. Overall, the model accounts for a substantial share of the variance in behavioural intention, and discriminant validity is upheld under the Fornell-Larcker, cross-loading, and Heterotrait-Monotrait criteria. The contribution is a context-adjusted acceptance model showing that, for voluntary religious giving, technological readiness works in concert with, not separately from, spiritual conviction and institutional credibility. The discussion draws out implications for amil zakat bodies, fintech developers, and regulators aiming to build digital zakat ecosystems that are more trustworthy, easier to use, and demonstrably Sharia-compliant.
Shari’ah Compliance Perception and Non-Muslim Participation in Islamic Cooperative Microfinance: Integrating Islamic Economic Law Principles with Behavioral Intention Afief El Ashfahany; Alda Amilia Noer Mahirland Mahirland; Neneng Nadila Kurniawati Kurniawati; Afief El Ashfahany
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.v9i01.16550

Abstract

Islamic cooperative microfinance (BMT) operates on the principles of fiqh muamalah, prohibiting riba, gharar, and maisir while promoting contractual transparency, risk-sharing, and distributive justice. Despite their Islamic legal foundations, BMTs increasingly attract non-Muslims who perceive their ethical framework as legally predictable and financially equitable. This study examines non-Muslims’ intention to engage with BMTs, integrating Islamic economic laws literacy into an extended Theory of Planned Behavior (TPB). Analyzing survey data from 192 non-Muslim respondents in Indonesia, we demonstrate that attitude, subjective norms, perceived behavioral control, and knowledge of Shariah compliance collectively shape intention. These findings underscore how transparent implementation of Islamic economic law principles transcends religious boundaries, offering actionable insights for inclusive Shari’ah governance, cooperative regulation, and ethical financial inclusion.
Understanding Heterogeneity in Islamic Banking Stability: Explaining Divergent Evidence from Global Studies Dwi Swasana Ramadhan; Mamduh Mahmadah Hanafi; Leo Indra Wardhana
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.v9i01.17348

Abstract

Financial stability is essential for sustaining economic systems, yet empirical evidence on Islamic banking stability remains heterogeneous across studies. This study aims to provide a comprehensive understanding of Islamic banking stability by emphasizing the conditionality of previous evidence. This study applies a systematic literature review under the PRISMA framework combined with bibliometric mapping based on Scopus-indexed publications to address the ambiguity and differences surrounding the determinants of Islamic banking stability. The fin     dings reveal that the literature is dominated by panel data and dynamic estimation approaches, particularly GMM, while the Z-score remains the most frequently used stability proxy. The results also indicate that research is geographically concentrated in countries with well-developed Islamic financial systems. Furthermore, the study finds that empirical evidence on Islamic banking stability is heterogeneous, showing positive, negative, and mixed relationships depending on the choice of stability proxies, macroeconomic conditions, and research design. The findings suggest that Islamic banking stability is not inherently determined by its Islamic principles, but rather by the effectiveness of risk-sharing mechanisms within a supportive institutional and regulatory environment. This study contributes by providing a structured synthesis of fragmented literature and offers directions for future research to explore underexamined areas such as deposit contracts, Islamic window banks, and Islamic rural banks.

Page 10 of 10 | Total Record : 98

 6   7   8   9   10 

Filter by Year

2020 2026


Reset
Filter By Issues
All Issue Vol. 9 No. 01 (2026): January Vol. 8 No. 02 (2025): July Vol. 8 No. 01 (2025): January Vol. 7 No. 02 (2024): July Vol. 7 No. 01 (2024): January Vol 6, No 2 July 2023 Vol 6, No 1: January 2023 Vol 5, No 2 July 2022 Vol 5, No 1: January 2022 Vol 4, No 2: July 2021 Vol 4, No 1: January 2021 Vol 3, No 2: July 2020 Vol 3, No 1: January 2020 More Issue