cover
Contact Name
Taufiq Ramadhan
Contact Email
taufiqr@darunnajah.ac.id
Phone
+6285360061892
Journal Mail Official
maaliyah@darunnajah.ac.id
Editorial Address
Jl. Ulujami Raya No.86, Pesanggrahan, Jakarta Selatan, Jakarta
Location
Kota adm. jakarta selatan,
Dki jakarta
INDONESIA
Maaliyah
Published by Universitas Darunnajah
ISSN : -     EISSN : 31097758     DOI : https://doi.org/10.61159/maaliyah
Islamic Banking, Sharia Economic Law, Islamic Business Law, Contemporary Islamic Economic Law, Analysis of Islamic Bank Financial Reports, Financial Industry Banking and Non-Banking, Another section related to contemporary issues in Islamic economic law and Islamic Finance
Arjuna Subject : Ilmu Sosial - Hukum
Articles 12 Documents
Implementation of Sharia Maqashid in Household Financial Management: A Study on Women Members of the Aisyiyah Ponorogo Regional Leadership Evilia Khoirun Nisa; Arif Hartono; Adib Khusnul Rois
Maaliyah: Journal of Islamic Economic Law and Islamic Finance Vol. 1 No. 2 (2025): Maaliyah: Journal of Islamic Economic Law and Islamic Finance
Publisher : Universitas Darunnajah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61159/maaliyah.v1i2.715

Abstract

This study examines the implementation of Maqashid Syariah principles in household financial management, focusing on women members of the Ponorogo Aisyiyah Regional Executive (PDA). The goal is to analyze financial practices, evaluate the application of Maqashid Sharia, and identify the role of Aisyiyah membership. This study uses a phenomenological qualitative approach by collecting primary data through in-depth interviews and observations of seven key informants who were purposively selected. The researcher analyzed the data through the stages of reduction, presentation, and conclusion verification. Key findings revealed that members implemented strategic financial management and aligned with the five goals of Maqashid Sharia. They diversify sources of income, prioritize spending (basic needs, religion, education), and invest in sharia instruments such as gold and land. The study also identifies mechanisms for operationalizing religious principles, such as the "logistics of faith" where religious obligations become a fixed budget post. Further analysis shows a model of collaborative financial stewardship between husband and wife and the strategy of building "layered resilience" through a combination of tangible and intangible assets. However, participants faced a "digital-sharia dilemma", which is the challenge of maintaining financial discipline in the era of digital consumerism. In conclusion, the principles of Maqashid Syariah have proven to be operationalized in household financial management, although contemporary Islamic financial literacy education is needed to answer digital challenges. This study recommends a follow-up study with a mixed-methods approach to explore the dynamics of the integration of the five aspects of hifz in maqashid sharia more comprehensively.
Development and Determinants of Islamic Capital Market Performance In Indonesia: A Systematic Literature Review Period 2019-2025 Dicky Aditya; Intan Kurnia Ningsih
Maaliyah: Journal of Islamic Economic Law and Islamic Finance Vol. 1 No. 2 (2025): Maaliyah: Journal of Islamic Economic Law and Islamic Finance
Publisher : Universitas Darunnajah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61159/maaliyah.v1i2.725

Abstract

Despite the significant growth of Indonesia's Islamic capital market, there remains a lack of comprehensive synthesis regarding research developments, performance determinants, and methodological approaches used in studying this market during recent years. This study aims to systematically review the development and determinants of Islamic capital market performance in Indonesia during 2019-2025. Using the PRISMA 2020 framework, we analyzed 100 empirical articles from Indonesian academic databases focusing on research trends, determinant factors, and empirical models. The results show a significant increase in publications, especially during the COVID-19 pandemic period (2021-2023). Macroeconomic factors (inflation, exchange rates, BI rate) and market-specific factors (liquidity, capitalization, volatility) are the main determinants consistently found across studies. GARCH family models and ARDL are the most frequently used methodological approaches. The findings indicate that the Indonesian Islamic capital market is influenced by both conventional economic factors and Sharia-specific screening mechanisms. This study contributes to the literature by providing a comprehensive synthesis of Islamic capital market performance research in Indonesia, identifying consistent determinants, evaluating methodological patterns, and highlighting research gaps for future studies in market microstructure, investor behavior, spillover effects, and ESG integration.

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