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Ahmad Suminto
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iej@unida.gontor.ac.id
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Department of Islamic Economics University of Darussalam Gontor, Jl. Raya Siman, Demangan - Siman - Ponorogo, Jawa Timur, 63471
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Islamic Economics Journal
Published by Universitas Darussalam Gontor
ISSN : 24601896     EISSN : 25415573     DOI : -
Core Subject : Economy, Humanities, Science, Social,
Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Environmental Science Social Sciences
Islamic Economics Journal is an international journal providing authoritative sources of scientific information for researchers and scholars in academia, research institutions, government agencies, and industries. Published semi-annually (June and December) by Department of Islamic Economics, Faculty of Economics and Management, University of Darussalam Gontor. Editors accept scientific articles and results of research in accordance with contemporary Islamic economics issues in big five areas namely; Islamic Public Economics, Islamic Monetary Economics, Islamic Business Economics, Islamic International Economics, and Islamic Development Economics.
Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)
Articles 42 Documents
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Ottoman Cash Waqf System: An Alternative to the Western Capitalist System Izzatul Muna; Yasdi
Islamic Economics Journal Vol. 9 No. 01 (2023): Islamic Economics Journal
Publisher : Faculty of Economics and Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/iej.v9i01.57

Abstract

The purpose of this article is to investigate and analyze the Ottoman cash waqf system as a distinct economic model from capitalism, concentrating on its principles, operational mechanisms, and social impact. This study employed a literature review methodology and compared the Ottoman currency waqf system to the western capitalist system. This study reveals that the Ottoman cash waqf system was founded on the principles of social justice, solidarity, and equitable distribution, as opposed to the capitalist principles of prioritizing individual gain. This system provides solutions to problems of social and economic inequality and safeguards the most vulnerable members of society. In spite of its positive potential, the Ottoman cash waqf system confronts a number of obstacles, such as lack of effective management, proper regulation, and public awareness. This article explores the potential of the Ottoman cash waqf system as a different response to social and economic challenges that are viewed as an attractive alternative to the western capitalist system, despite the fact that the western capitalist system can have negative systemic effects.
Community-Based Sharia Financial Inclusion for Women’s Empowerment: Evidence from the Barokah Nur Muttain Yasinan Congregation Kasanah, Nur; Pratika, Diah Sohnya
Islamic Economics Journal Vol. 11 No. 02 (2025): Islamic Economics Journal
Publisher : Faculty of Economics and Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/iej.v11i02.58

Abstract

Financial inclusion is a condition in which everyone has fair and equitable access to a wide range of financial products and services, including sharia-compliant ones. The use of Islamic finance has not been optimal in empowering rural women because there is still limited access to inclusive Islamic financial institutions. This study aims to analyze the role of Islamic financial inclusion in increasing women’s economic empowerment through community-based financial practices. This qualitative, phenomenological research explores the role of Islamic financial inclusion in advancing women’s economic empowerment through community-based financial practices. The locus of this research is KSPPS Barokah Nur Muttain, Tebon Village, West District, Magetan Regency, serving as a model of sharia financial inclusion for the Yasinan Barokah Nur Muttain pilgrim community. Data were obtained through participatory observations and in-depth interviews with cooperative administrators, Yasinan Barokah Nur Muttain congregational mothers, community leaders, and related officials at the Cooperatives and MSEs Office, as well as documentation on the performance of KSPPS Barokah Nur Muttain. The study results show that implementing sharia financial inclusion within the Yasinan congregation community at KSPPS Barokah Nur Muttain effectively supports women’s empowerment by integrating access to sharia financing and spiritual activities. The supporting factors include religious values, solidarity, and trust among members, while the main challenges are limited capital and low financial literacy. This Islamic financial inclusion empowers 45 women, as seen in improved family finances, the development of small businesses, and strengthened social networks through Yasinan activities. This research is expected to create an effective Islamic financial inclusion model for women’s empowerment at the local level.

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