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 90 Documents
Sharia Hotel Management Policy: An Analysis of Islamic Attribute of Destination Theory in Indonesia and Malaysia Qolbi, Fikri 'Ainul; Alam, Faizan; Rizka; Muthoifin
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.v7i01.5254

Abstract

Islamic Destination Attributes play an essential role in influencing Muslim travelers' interests. This study analyses IAD by comparing Indonesia and Malaysia's current Islamic hotel policies. It was found that there are four dimensions of IAD, namely Worship Facilities, Islamic Facilities, General Islamic Facilities, and Halal Food, which are in accordance with Fatwa Number 108/DSN-MUI/X/2016 fifth article and MS 2610 2015 fourth and fifth articles. IAD is essential for Muslim hotel customer satisfaction. Both policies have fulfilled these four criteria. This study can contribute to academics and researchers in developing a more profound IAD theory. Although limited to the Islamic hotel sector, IAD studies can develop in other sectors with the same policy, such as travel agencies or tour guides.
Investigating the Factors that Drive the Success of Halal Cloud Kitchen in Bangladesh Ahmed, Rafiuddin; Alam, Muhammad Intisar; Sultana, Maria; Jim, Mahafizur Rahman
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.v7i02.5295

Abstract

With the integration of new technologies, various industries, including the food sector, are experiencing significant transformations. The emergence of Cloud Kitchens represents a notable technological shift within the food industry. This research endeavors to uncover the key factors contributing to the success of the Halal Cloud Kitchen sector in Bangladesh. To achieve this, a structured survey questionnaire was designed and distributed through Google Forms. Three hundred twenty-three responses were gathered using the snowball sampling method and utilized in hypothesis testing employing multiple linear regression. The findings indicate that, among the six variables considered,food quality, packaging, and discounts substantially influence the prosperity of Halal Cloud Kitchens. In contrast,the remaining variables were found to be insignificant. Finally,this study analyzes critical success criteria for Halal Cloud Kitchens in Bangladesh, highlighting food quality, innovative packaging, and strategic discounts. It provides practical suggestions for improving business efficiency and competitiveness, identifying limitations, and suggesting future research areas.
The Impact of Maqashid Syariah on the Human Development Index (HDI): The Case of Indonesia Ahsanul Amal, Muhammad; Gunawan, Dedi; Choiri, Miftakhul; Badrus Zaman, Akhmad Roja
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.v7i02.6127

Abstract

This study investigates how the Maqashid al-Shariah framework, encompassing the protection of religion (Hifzu al-Din), life (Hifzu al-Nafs), intellect (Hifzu al-Aql), progeny (Hifzu al-Nasl), and property (Hifzu al-Mal), influences Indonesia's Human Development Index (HDI). This study utilises qualitative research methods and incorporates Eviews-12 software for data analysis, notably using panel data regression techniques with selected Common Effect Model (CEM). The research sample included eight provinces, namely: Papua, West Papua, East Nusa Tenggara, West Sulawesi, West Kalimantan, West Nusa Tenggara, North Maluku, and Gorontalo for the timeframe of 2019-2022. The analysis revealed that protecting religion (Hifzu al-Din) and protecting the mind (Hifzu al-Aql) significantly influence Indonesia's HDI. Interestingly, protecting life (Hifzu al-Nafs), offspring (Hifzu al-Nasl), and property (Hifzu al-Mal) did not show a statistically significant direct impact on HDI in this study. One limitation of the study is the reliance on data from only eight provinces, which may not be representative of the whole territory of Indonesia. The novelty of the research lies in its utilization of the maqashid sharia approach to analyze human development indicators in specific provinces of Indonesia, providing a unique perspective on the factors influencing development in Islamic contexts.
How Does the Performance of Islamic Microfinance Institutions Affect the Welfare of SMEs?: Empirical study of BTM Mulia Babat Hakimi, Fifi; Maf'ula, Faricha; Syahidin, M. Ramizal
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.v7i02.6148

Abstract

This study aims to assess the direct and indirect effectiveness of Islamic microfinance services, particularly financing products, in enhancing the welfare of small and medium-sized entrepreneurs (SMEs) in Lamongan, with Baitul Tamwil Muhammadiyah (BTM) Mulia Babat as the case study. The partial least square-structural equation modeling method is used in this quantitative study, examining data from 52 respondents, where the respondent data are BTM Mulia Babat business financing customers. The findings of this study found that Islamic microfinance services and business assistance directly have a positive impact on SMEs' increase in income. However, Islamic microfinance services and business assistance indirectly do not impact SMEs' welfare. Despite the increase in SMEs' income, it directly impacts SMEs' welfare. The novelty of this study is to identify the effectiveness of Islamic microfinance institutions in improving the welfare of SMEs. This study presents evidence of the impact of Islamic microfinance institutions on the welfare of micro and medium entrepreneurs. It can encourage more Islamic microfinance programs to offer feasible Islamic microfinance services as an alternative to boosting SMEs in the regions. This study's empirical implications and findings highlight the importance of business assistance from Islamic MIFs as business financing providers to support businesses.
Sapikul Sagendhongan: The Value of Javanese Traditional Heritage in The Practice of Islamic Heritage Distribution in Klaten Community Indonesia Saputro, Muhammad Andi; Zuhdi, Syaifuddin; Yusuf, Jibrail Bin
Journal of Islamic Economic Laws Vol. 8 No. 01 (2025): January
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v8i01.6296

Abstract

This study examines the value of Javanese customary heritage in inheritance distribution in the Jatinom community, Klaten, focusing on applying customary law and its conformity with Islamic heritage law. The research analyzes the “Sapikul Sagendhongan” inheritance system and explores social and cultural factors affecting inheritance distribution. This study utilized a socio-legal approach and employed qualitative analysis through in-depth interviews with four respondents and examination of related legal documents. Results show that the Jatinom community consistently implements an inheritance distribution system that gives a more significant portion to male heirs than women, with a 2:1 ratio, primarily due to the perception that men have greater family responsibilities. While Javanese customary law remains dominant, there is an adaptation to Islamic law principles in inheritance distribution. Cultural factors, such as family values and cooperation traditions, play a significant role. The Jatinom community is committed to maintaining cultural values while respecting religious provisions. This study provides new insights into the interaction between local traditions and broader legal norms in Javanese society, confirming that Javanese customary law and Islamic law can operate harmoniously in inheritance distribution, ensuring cultural preservation without violating religious principles. The research contributes to understanding the complex dynamics of inheritance practices in Indonesia, highlighting the importance of considering local customs in legal frameworks.
Dispute Resolution in Islamic Economic Transactions: The Role and Function of Sharia Arbitration Widjaja, Gunawan
Journal of Islamic Economic Laws Vol. 8 No. 01 (2025): January
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v8i01.6340

Abstract

Dispute resolution in Sharia economic transactions is essential to align settlement processes with Islamic legal principles. This study examines the function and role of Sharia-based arbitration, focusing on its alignment with the values of justice, efficiency, and confidentiality within Islamic law. Using a literature-based methodology, the research analyzes secondary data from legal sources and previous studies on Sharia arbitration in Indonesia, particularly the practices of the Sharia Arbitration Body (BASYARNAS-MUI). The findings indicate that Sharia arbitration offers a streamlined, confidential, and fair dispute resolution method, fostering outcomes based on Islamic values such as justice (adl), truth (haqq), and public good (maslahat). Unlike conventional court procedures, Sharia arbitration provides faster and more effective resolutions, while ensuring privacy and protecting the involved parties' reputations. The study also reveals that Sharia arbitration strengthens the application of Islamic law across various sectors, including finance and inheritance, by embedding ethical considerations into modern economic dispute resolutions. This research underscores the practicality and moral alignment of Sharia arbitration as a robust alternative to conventional litigation, offering readers insights into the benefits of a Sharia-compliant approach to economic dispute resolution.
Accounting and Legal Disputes in Islamic Banking and Finance Kadi, Sanaa
Journal of Islamic Economic Laws Vol. 8 No. 01 (2025): January
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v8i01.6915

Abstract

This paper explores the role of accounting for Islamic finance in dispute settlements in the Islamic banking and finance (IBF) industry. This study adopts a legal approach, using an analysis design to investigate the main principles and processes of dispute resolution in Islamic finance. The study involves a comprehensive review of relevant legal sources, including Islamic law, national laws and regulations, court judgments, legal opinions, and industry standards. The study shows that the promotion of legal certainty will require a strong base of legal and Islamic finance professionals and the competence and awareness of accountants, lawyers,​ and judges. The study also shows that financial records, statements, and documentation have a significant role in resolving disputes. Accounting records can provide evidence of transactions and terms agreed upon. Properly documented and transparent accounting practices can help clarify the nature of the dispute and contribute to finding a fair and efficient resolution in the context of Islamic financial activities. This study provides practical implications for IBF stakeholders in managing legal disputes, such as helping Islamic financial practitioners recognize the importance of integrating robust accounting practices, clear financial reporting, and transparent disclosure mechanisms. These practices are pivotal not only for the industry’s credibility but also for effective disputes resolution.
Customer Satisfaction on Digital Banking Services: Evidence from Islamic Financial Institutions in Sri Lanka Ahamed Hilmy, Hayathu Mohamed; Saujan, Iqbal
Journal of Islamic Economic Laws Vol. 8 No. 01 (2025): January
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v8i01.7099

Abstract

In the fast-paced modern era, time is crucial. Consumers with hectic schedules prefer smart solutions that enhance convenience and timeliness in financial activities. Traditional bank hours often conflict with busy schedules, but digital banking resolves this issue. Digital banking allows customers to use mobile phones and computers to check balances and conduct banking, offering more flexibility. This study aims to determine customer satisfaction with the digital banking services of Islamic financial institutions in Sri Lanka. The ISO 9000 standard E-SERVQUAL model and the digital service quality of Islamic financial institutions are analysed. Two hundred questionnaires were administered to customers with Amana Bank PLC and AL Adalah accounts. The research objective is a quantitative investigation to explore the relationship between independent and dependent variables within a given population. This study utilised the Statistical Product for Social Solutions version 20 (SPSS v. 20) for data analysis, employing descriptive analysis methods. For clarity, the results were displayed in bar graphs and pie charts using Microsoft Excel. The study evaluated service quality factors using Pearson correlation to examine the relationship between customer satisfaction (dependent variable) and independent variables (Efficiency, system availability, Ease of use, privacy, responsiveness).
Market Opportunities for Islamic Banking and Finance in Europe: A Case of Finnish Regulatory Framework Kadi, Sanaa
Journal of Islamic Economic Laws Vol. 8 No. 01 (2025): January
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v8i01.7229

Abstract

This article  assesses market opportunities for Islamic banking and finance (IBF) in Finland, offering an understanding of the legal environment, consumer perceptions, and potential challenges and opportunities for developing Islamic finance within the Finnish legal framework. The study employs a survey to investigate the perceptions and behaviours of Muslims towards IBF in Finland, focusing on its legal dimensions. Utilizing a mixed-methods approach, including quantitative survey data and qualitative analysis, the research aims to understand Finnish Muslims' attitudes, preferences, and experiences towards Islamic banking products and services. The findings show that although a significant proportion of respondents revealed uncertainty or lack of knowledge about IBF, most respondents express their willingness to become customers of an Islamic financial institution if such institutions were available in Finland. This research contributes to the existing body of knowledge in Islamic finance law by elucidating the legal intricacies of Islamic banking within the European context. The insights generated offer valuable implications for policymakers, legal practitioners, and scholars interested in Islamic finance law.
Assessing the Reliability of Halal Certification Implementation: A Qualitative Study on Perceptions of Halal Supervisors and Micro Business Actors Bima, Muhammad; Mohammad Nizarul Alim; Adnan, Nurul Ilyana Muhd
Journal of Islamic Economic Laws Vol. 8 No. 01 (2025): January
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v8i01.7305

Abstract

The potential for a critical point in the food and beverage sector has led to the emergence of a crucial role in the halal industry. This research aims to examine more deeply the halal industry governance system in micro and small businesses in the food and beverage sector by reviewing the legal perspective of the halal product guarantee system in the Bangkalan and Surabaya areas, as well as diagnosing the halal certification of micro and small businesses after obtaining a halal certificate. This research uses the phenomenological method by collecting primary data through interviews with informants, namely two business actors and one halal supervisor from the Halal Inspection Institute. Researchers also took data from focus group discussions with the Halal Product Guarantee Organizing Agency. The research results show that micro and small business actors consistently implement a halal product guarantee system by the provisions of the halal product guarantee system law. Apart from meeting halal standards, business actors also emphasize the importance of maintaining product quality at every stage of the production chain. This research also found that after halal certification was issued, micro and small businesses continued to make improvements and breakthroughs to ensure product quality and halalness were maintained throughout production. This research does not explore the social and economic factors of micro and small business actors in obtaining halal certificates. However, this research provides a perspective on consistently implementing halal governance by the halal product guarantee system law, which can help increase quality values.