cover
Article Per Year (5 Year)
All
Home Page
OAI Link
Editorial Team
Contact
Reviewer
Google Scholar
Contact Name
Yasmin
Contact Email
sachraljournal@gmail.com
Phone
+6287788981968
Journal Mail Official
sachraljournal@gmail.com
Editorial Address
Jalan Magelang, No.188 Karangwaru, Tegalrejo, DI Yogyakarta – 55244
Location
Kab. sleman,
Daerah istimewa yogyakarta
INDONESIA
Sharia Economic Review Journal (SHACRAL)
Published by PT. Samudera Solusi Profesional
ISSN : -     EISSN : 30468221     DOI : https://doi.org/10.62952/shacral
Core Subject : Economy,
Economics, Econometrics & Finance
Sharia Economic Review Journal | ISSN (e): 3046-8221 is a scientific journal that focuses on providing insight into how sharia economic principles can be integrated effectively in an ever-changing global economic environment. In addition, the author evaluates new opportunities that arise for the development of sharia economics, both from a business and social perspective. This research involves empirical data analysis, case studies, and literature reviews to provide a comprehensive understanding of the dynamics of the Islamic economy. It is hoped that this journal can make an important contribution to the development of sharia economics and strengthen our understanding of the role of sharia economics in the global context. This journal is published 3 times a year, namely: February, June, and October. Manuscripts will be considered for publication in the form of original articles, case reports, short communications, letters to editor and review articles.
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)
Articles 5 Documents
 1 
Search results for , issue "Vol. 1 No. 3 (2024): Oktober" : 5 Documents clear
PRODUCTIVE WAQF MANAGEMENT: CHALLENGES AND OPPORTUNITIES IN ISLAMIC ECONOMIC DEVELOPMENT-A SYSTEMATIC LITERATURE REVIEW Hesty Gabryella Sirait
SHACRAL: Shari'ah Economics Review Journal Vol. 1 No. 3 (2024): Oktober
Publisher : PT. Samudra Solusi Profesional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62952/shacral.v1i3.56

Abstract

Productive waqf has increasingly attracted scholarly and policy attention as a strategic instrument within the Islamic economic system to support sustainable socio-economic development. Unlike traditional waqf practices that primarily focus on religious and social infrastructure, productive waqf emphasizes the optimal utilization of endowed assets to generate continuous economic returns for public welfare. Despite its substantial potential, the implementation of productive waqf remains suboptimal in many Muslim-majority countries, including Indonesia. This study aims to systematically review the existing literature to identify key challenges and opportunities in productive waqf management within the framework of Islamic economics. Employing a qualitative systematic literature review approach, this article synthesizes findings from peer-reviewed journal articles, institutional reports, and policy documents published over the last decade. The review reveals that major challenges include limited managerial capacity of waqf managers (nazhir), weak governance and accountability mechanisms, low public literacy regarding productive waqf, regulatory constraints, and insufficient integration with modern financial systems. Empirical evidence from national institutions indicates a significant gap between the estimated potential of waqf assets and their actual productive utilization. Conversely, the literature highlights several promising opportunities, such as digitalization of waqf collection, collaboration with Islamic financial institutions, professionalization of waqf management, and alignment with Sustainable Development Goals (SDGs). These opportunities position productive waqf as a viable instrument for inclusive economic development, poverty alleviation, and social entrepreneurship. This study contributes to the Islamic economics literature by offering a comprehensive conceptual synthesis of productive waqf management and proposing directions for policy reform and future research to enhance its socio-economic impact.
INTEGRATION OF ESG PRINCIPLES AND ISLAMIC FINANCE: A SYSTEMATIC LITERATURE REVIEW FROM AN ISLAMIC ECONOMIC PERSPECTIVE Firyal Mandasari
SHACRAL: Shari'ah Economics Review Journal Vol. 1 No. 3 (2024): Oktober
Publisher : PT. Samudra Solusi Profesional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62952/shacral.v1i3.57

Abstract

The growing global emphasis on Environmental, Social, and Governance (ESG) principles has significantly reshaped the landscape of sustainable finance. Parallel to this development, Islamic finance has long promoted ethical, socially responsible, and sustainability-oriented financial practices rooted in Sharia principles. Despite the conceptual convergence between ESG and Islamic finance, the extent and nature of their integration remain fragmented within academic and policy-oriented discussions, particularly in emerging Islamic economies. This study aims to systematically review existing literature on the integration of ESG principles and Islamic finance from an Islamic economic perspective. This article adopts a qualitative research design using a systematic literature review approach. Secondary data were collected from peer-reviewed international and national journals, institutional reports, and policy documents related to ESG, Islamic finance, and sustainable development. The literature was selected using predefined inclusion criteria and analyzed through thematic analysis to identify dominant themes, conceptual linkages, implementation challenges, and future research directions. The findings indicate a strong normative alignment between ESG principles and Islamic finance, particularly in areas such as environmental stewardship (khalifah), social justice (adl), and ethical governance (amanah). However, the review also reveals practical gaps in operationalization, measurement standards, and regulatory harmonization, especially in developing countries like Indonesia. Institutional readiness, ESG disclosure practices, and limited integration frameworks remain key challenges. This study contributes to the Islamic economics literature by synthesizing fragmented insights into a comprehensive conceptual framework linking ESG and Islamic finance. Practically, the findings offer implications for policymakers, Islamic financial institutions, and regulators seeking to strengthen sustainable finance initiatives. The article concludes by proposing strategic directions to enhance the integration of ESG principles within the Islamic finance ecosystem.
DIGITAL ZAKAT IN THE ERA OF ISLAMIC SOCIAL FINANCE: A SYSTEMATIC REVIEW OF ECONOMIC IMPACT AND INSTITUTIONAL TRANSFORMATION Axel Puri Hatomono
SHACRAL: Shari'ah Economics Review Journal Vol. 1 No. 3 (2024): Oktober
Publisher : PT. Samudra Solusi Profesional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62952/shacral.v1i3.59

Abstract

The rapid advancement of digital technology has significantly transformed the landscape of Islamic social finance, particularly in the management of zakat. Digital zakat platforms such as mobile applications, online payment systems, QR-based transactions, and Islamic fintech services have emerged as innovative mechanisms to enhance the efficiency, transparency, and accessibility of zakat collection and distribution. Despite the growing adoption of digital zakat systems, there remains a limited consolidated understanding of their broader economic implications, especially concerning poverty alleviation, financial inclusion, and socio-economic development. This study aims to systematically review existing scholarly literature on zakat digitalization and its economic impact. Employing a systematic literature review (SLR) approach, this study synthesizes peer-reviewed articles published between 2015 and 2025 sourced from reputable academic databases. The review process follows the PRISMA framework to ensure methodological rigor in article identification, screening, and analysis. The selected studies are examined to identify dominant themes, technological drivers, implementation challenges, and the economic outcomes associated with digital zakat systems. The findings indicate that zakat digitalization contributes positively to operational efficiency by reducing administrative costs, accelerating transaction processes, and improving financial transparency. Digital platforms also enhance donor trust and participation, particularly among younger and technologically literate populations. Furthermore, evidence suggests that digital zakat supports financial inclusion and strengthens the socio-economic empowerment of beneficiaries by facilitating targeted and timely distribution. However, persistent challenges, such as digital literacy gaps, regulatory constraints, cybersecurity risks, and concerns regarding sharia compliance, continue to hinder the full realization of its potential. This review concludes that zakat digitalization represents a strategic opportunity to optimize the economic role of zakat within Islamic economies. Nevertheless, its success depends on integrated policy support, institutional readiness, and continuous innovation. The study provides theoretical contributions to Islamic finance literature and offers practical insights for policymakers, zakat institutions, and fintech developers.
THE ROLE OF ISLAMIC BANKING IN DEVELOPING SHARIA FINTECH IN INDONESIA Alfania Cahaya Kamila
SHACRAL: Shari'ah Economics Review Journal Vol. 1 No. 3 (2024): Oktober
Publisher : PT. Samudra Solusi Profesional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62952/shacral.v1i3.60

Abstract

The rapid development of financial technology (fintech) has significantly transformed the global financial services industry, including Islamic finance. In Indonesia, the expansion of sharia fintech presents a strategic opportunity to strengthen financial inclusion and accelerate the growth of the Islamic economy. Islamic banking institutions, as formal financial intermediaries operating under sharia principles, play a crucial role in supporting the development of sharia fintech through capital provision, infrastructure integration, regulatory compliance, and market access. This study aims to examine the role of Islamic banking in fostering sharia fintech development in Indonesia using a qualitative approach based on secondary data. The research employs a comprehensive literature review of academic journal articles, regulatory documents, and official reports published by national and international institutions such as the Financial Services Authority (OJK), Bank Indonesia, and Statistics Indonesia (BPS). The findings indicate that Islamic banks contribute to sharia fintech development in several strategic ways: acting as funding partners for fintech startups, providing payment and settlement infrastructure, ensuring sharia compliance through supervisory mechanisms, and expanding outreach to underserved communities and micro, small, and medium enterprises (MSMEs). However, the study also identifies several challenges, including limited digital capabilities of Islamic banks, regulatory gaps specific to sharia fintech governance, issues related to digital sharia compliance, and relatively low levels of Islamic financial literacy. Empirical data show that although internet penetration and digital financial adoption in Indonesia continue to rise, the level of inclusive access to sharia-based digital financial services remains uneven. This article argues that stronger collaboration between Islamic banks, fintech firms, and regulators is essential to create a sustainable sharia fintech ecosystem. The study offers policy and managerial recommendations to enhance digital transformation, regulatory harmonization, and financial literacy initiatives, contributing to the long-term development of Indonesia’s Islamic financial sector.
STRENGTHENING HALAL MICRO, SMALL, AND MEDIUM ENTERPRISES (MSMEs) WITHIN THE ISLAMIC ECONOMY: A DESCRIPTIVE QUALITATIVE ANALYSIS OF CHALLENGES, OPPORTUNITIES AND POLICY IMPLICATION IN INDONESIA Syeima Nadhira
SHACRAL: Shari'ah Economics Review Journal Vol. 1 No. 3 (2024): Oktober
Publisher : PT. Samudra Solusi Profesional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62952/shacral.v1i3.62

Abstract

The halal economy has emerged as one of the fastest-growing segments of the global economic system, driven by the expansion of Muslim populations, increasing awareness of halal standards, and the ethical dimensions of Islamic consumption. Indonesia, as the country with the largest Muslim population in the world, possesses substantial potential to position itself as a global hub for halal products and services. This article aims to examine the role of halal-oriented micro, small, and medium enterprises (MSMEs) in strengthening Indonesia’s Islamic economy through a descriptive qualitative approach based on secondary data. The study relies on a systematic review of academic literature, policy documents, and official statistical publications, particularly from Badan Pusat Statistik (BPS), Badan Penyelenggara Jaminan Produk Halal (BPJPH), and international halal economy reports. The findings indicate that MSMEs play a strategic role in the halal economy, particularly in the food and beverage sector, which dominates halal consumption. However, several structural challenges persist, including limited awareness and understanding of halal standards, administrative and financial barriers to halal certification, and weak integration into halal value chains. Despite these constraints, significant opportunities are evident in the form of strong domestic demand, supportive regulatory frameworks, and growing global halal markets. The study highlights the importance of policy coherence, capacity-building programs, and collaborative ecosystem development to enhance MSME participation in the halal economy. This article contributes to the literature by providing a comprehensive synthesis of empirical and policy-based evidence on halal MSMEs and offers practical implications for policymakers and stakeholders seeking to strengthen Islamic economic development in Indonesia.

Page 1 of 1 | Total Record : 5

 1 

Filter by Year

2024 2024


Reset
Filter By Issues
All Issue Vol. 3 No. 1 (2026): Februari Vol. 2 No. 3 (2025): Oktober Vol. 2 No. 2 (2025): Juni Vol. 2 No. 1 (2025): Februari Vol. 1 No. 3 (2024): Oktober Vol. 1 No. 2 (2024): Juni Vol. 1 No. 1 (2024): Februari