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AL-IKTISAB: Journal of Islamic Economic Law
Published by Universitas Darussalam Gontor
ISSN : 25804251     EISSN : 2615661X     DOI : https://doi.org/10.21111/al-iktisab
Core Subject :
AL-IKTISAB: Journal of Islamic Economic Law (P-ISSN 2580-4251 and E-ISSN 2615-661X) is a high-quality open access peer-reviewed research journal managed by Department of Islamic Economic Law, Faculty of Sharia, published by University of Darussalam Gontor, Ponorogo, East Java, Indonesia, member of APJHI (Indonesian Law Journal Management Association), cooperates with POSDHESI (Association of Islamic Economic Law Lecturers and Program Study), and also integrated with Journal Managers of PTKIS in the area of KOPERTAIS IV Surabaya, Indonesia. Aiming to communicate original research and relevant current issues, this journal regularly publishes articles twice a year every May and November. It focuses to explore and develop "The Theory and Implementation of Islamic Law in the Areas of Islamic Financial Institutions, Islamic Philanthropy, and Halal Studies" that cover issues both from Indonesia and overseas. This journal warmly welcomes contributions from scholars with related disciplines. Novelty and recency of issues, however, are the priority in publishing. Those interested in subscribing to the journal, advertising in the journal, submitting manuscripts to the journal, or otherwise communicating with the journal, should contact at aliktisab@unida.gontor.ac.id
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Articles 9 Documents
 1 
Sharia Compliance Analysis of Seabank Savings Products: A Perspective Based on Fatwa DSN-MUI No. 02 of 2000 Setiawan Bin Lahuri; Ahmad Ageng Maulana; Ain Muttaqin; Muhammad Maulana Rizki
AL-IKTISAB: Journal of Islamic Economic Law Vol. 10 No. 1 (2026): AL-IKTISAB: Journal of Islamic Economic Law
Publisher : AL-IKTISAB: Journal of Islamic Economic Law

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/al-iktisab.v10i1.1

Abstract

In the midst of rapid digital transformation in the financial sector, digital banks such as SeaBank have become popular for offering convenient and accessible services. However, despite their technological advantages, these digital banking products often lack clear alignment with sharia principles. In particular, SeaBank's savings products raise concerns regarding the use of interest-based returns, the absence of clearly defined sharia-compliant contracts (akad), and the lack of oversight from a Sharia Supervisory Board (DPS). This situation highlights a critical gap between innovation and sharia compliance. Therefore, it is essential to evaluate the extent to which SeaBank’s savings products adhere to Fatwa DSN-MUI No. 02 of 2000, which outlines specific guidelines for savings mechanisms in accordance with Islamic law, including the prohibition of riba, gharar, and maysir. This research employs a qualitative approach with a descriptive method using library research. Data were collected through a literature review of primary and secondary sources such as books, scientific journals, fatwas, and official reports related to Islamic banking and SeaBank’s savings products. The data were analyzed by examining key elements of SeaBank’s product offerings such as the types of contracts used, fund management practices, transparency, and the presence (or absence) of sharia supervisory structures. The findings show that SeaBank’s savings products are not fully compliant with DSN-MUI Fatwa No. 02 of 2000. This non-compliance is due to the use of an interest-based system contrary to sharia principles, vague contract terms, and the absence of a Sharia Supervisory Board (DPS). To enhance compliance, SeaBank should replace the interest system with a profit-sharing model, clarify contract structures, and seek certification from the DSN-MUI. This study provides recommendations for the development of sharia-compliant digital banks to support financial inclusion and strengthen the Islamic finance ecosystem in Indonesia.
Legal Analysis of Murabahah Contracts on Comsumptive Financing in Sharia Banks Fatimah Salma Azzahra; Azhar Alam; Isman; Ulfatun Wahidatun Nisa
AL-IKTISAB: Journal of Islamic Economic Law Vol. 10 No. 1 (2026): AL-IKTISAB: Journal of Islamic Economic Law
Publisher : AL-IKTISAB: Journal of Islamic Economic Law

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/al-iktisab.v10i1.2

Abstract

The murabahah contract represents the most widely utilized financing mechanism in Islamic banking in Indonesia, especially within consumptive financing, primarily due to its ease of implementation and the certainty of profit margins for financial institutions. Nevertheless, this widespread use gives rise to legal concerns regarding the extent to which murabahah practices substantively comply with both Islamic legal principles and positive law, particularly in terms of ownership arrangements, contractual transparency, and consumer protection. This study aims to analyze the legal position of murabahah contracts in consumptive financing, examine their conformity with the principles of fiqh muamalah and laws and regulations, and assess its implementation from the perspective of maqāṣid al-syarī'ah.  This study adopts a normative juridical approach (yuridis normatif) by applying statutory and conceptual approaches, complemented by an analytical framework to evaluate the consistency between legal norms and their practical application. The data were obtained through library research, encompassing Islamic banking legislation, regulations issued by the Financial Services Authority (OJK), DSN-MUI fatwas, and relevant scholarly literature. The results reveal that, despite the strong formal legal standing of murabahah contracts, their implementation still exhibits several substantive inconsistencies. In particular, the study highlights issues concerning the ambiguity of legal ownership of goods by banks prior to resale, the less optimal use of wakalah contracts that may transfer risk to customers, and the reliance on standard agreements that could potentially undermine consumer legal protection. Moreover, when viewed through the lens of maqāṣid al-syarī‘ah, murabahah practices tend to be excessively profit-driven, thereby risking the neglect of fundamental values such as justice (ʿadl) and public welfare (maṣlaḥah). Therefore, strengthening sharia supervision mechanisms and improving contractual implementation are necessary to ensure greater alignment with both Islamic legal principles and the broader objectives of Islamic banking.
The Conformity of Al-Bay' bi al-Taqshīṭ Practices on Mobile Phone Credit Through Fintech Akulaku and Kredivo at Babat Counters with Sharia Principles and Regulations in Indonesia Ifatun Nikmah; Holis; Ahmad Musadad; Shofiyun Nahidloh; Imamuddin bin Nahrawi
AL-IKTISAB: Journal of Islamic Economic Law Vol. 10 No. 1 (2026): AL-IKTISAB: Journal of Islamic Economic Law
Publisher : AL-IKTISAB: Journal of Islamic Economic Law

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/al-iktisab.v10i1.4

Abstract

The development of digital financial services has led to the increasingly widespread use of paylater facilities in consumer goods transactions, including mobile phone credit purchases through fintech platforms such as Akulaku and Kredivo, which are widely used at retail counters in Babat. Easy access, rapid processing, and minimal requirements make this practice attractive; however, its transactional structure raises issues related to cost transparency, late payment penalties, and compliance with sharia principles and national regulations. The main issue of this study concerns the form of mobile phone credit practices through these two fintech platforms and the extent to which their cost schemes, contractual arrangements, and penalty mechanisms align with the concept of al-bay’ bi al-taqshīṭ, the provisions of DSN-MUI Fatwas, and POJK No. 10/2022. This study aims to analyze the conformity of actual practices with sharia principles while also assessing their compliance with positive law. The research employs a qualitative method using an empirical juridical approach through the analysis of regulations, fatwas, academic literature, and in-depth interviews with counter employees and consumers using mobile phone credit services. The findings show that the transactions form a triangular scheme in which the counter merely supplies the goods, while all financing calculations, including additional charges and late payment penalties, are fully determined by the fintech system. Most consumers only understand the product price and installment amounts without being informed of the penalty structure, resulting in information asymmetry. The imposition of penalties as company revenue indicates non-compliance with sharia principles, as it closely resembles ribā nasī’ah, and does not fully meet OJK cost transparency standards. This study highlights the need to improve consumer education, contractual transparency, and penalty mechanisms so that paylater practices better reflect principles of justice and comply with sharia law and regulations.
Halal Studies: Various Approaches and Research Designs Devid Frastiawan Amir Sup; Nur Ahid; Nadia Mira Kusumaningtyas
AL-IKTISAB: Journal of Islamic Economic Law Vol. 9 No. 2 (2025): AL-IKTISAB: Journal of Islamic Economic Law, Vol. 9 No. 2 November 2025
Publisher : AL-IKTISAB: Journal of Islamic Economic Law

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/al-iktisab.v9i2.5

Abstract

Research on halal studies continues to develop and demonstrates rapid trends and significant growth, meaning it remains highly relevant today and into the future. The research approaches available are also highly diverse. The increasing complexity of human life, particularly for Muslims, necessitates new developments in approaches and methodological aspects, as it inevitably overlaps with other disciplines. This research aims to explore the variety of approaches and designs in halal studies research. This research employed qualitative methods with a literature review approach. The results indicate that halal studies research can be conducted through qualitative, quantitative, or mixed methods, using various approaches, such as monodisciplinary, intradisciplinary, crossdisciplinary, multidisciplinary, interdisciplinary, and transdisciplinary. Research design is the most important aspect in formulating the research's novelty, significance (usefulness), and contribution. These aspects include the research title, research problem, research focus, research theory, population and sample, data collection instruments and techniques, and data analysis. The importance of research design lies in its function as a foundation for ensuring valid and reliable research data, thus producing credible and accountable findings. Research design provides a systematic guide for planning, collecting, and analyzing data to accurately address research questions and provides a framework for efficient research execution and replication by other researchers.
The Status of Actual Costs in Billing Rescheduling: Perspectives of Fiqh Muamalah and Regulation of Islamic Financial Institutions (IFI) Post DSN-MUI Fatwa No. 134 of 2020 Muhammad Irkham Firdaus*; Robbie Azrial Akbar Z.; Fika Hidayatulloh
AL-IKTISAB: Journal of Islamic Economic Law Vol. 9 No. 2 (2025): AL-IKTISAB: Journal of Islamic Economic Law, Vol. 9 No. 2 November 2025
Publisher : AL-IKTISAB: Journal of Islamic Economic Law

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/al-iktisab.v9i2.7

Abstract

The practice of rescheduling murabahah financing is a crucial mechanism within Islamic Financial Institutions (IFI) to address non-performing financing and simultaneously adhere to the principle of prudence, as mandated by the Islamic Banking Law. IFI are obligated to comply with the sharia provisions established by the National Sharia Council (DSN) of the Indonesian Ulama Council (MUI). This research specifically aims to examine the status and implications of DSN-MUI Fatwa No. 134 of 2020 concerning Actual Costs Due to Billing Rescheduling within the framework of Islamic law and financial regulation in Indonesia. This research employs a qualitative library research method with a content analysis technique. Data is gathered from fiqh muamalah literature, DSN-MUI fatwa, and the regulations of the Financial Services Authority (OJK) and the Islamic Banking Law. The analysis reveals a significant intersection between the perspective of fiqh muamalah and IFI Regulation following DSN-MUI Fatwa No. 134 of 2020. From the fiqh muamalah side, the fatwa strictly prohibits increasing the principal debt to avoid riba. However, the recognition of imposing actual costs triggers contemporary fiqh debate, the majority scholarly view tends to reject any cost addition on debt unless it is purely allocated as a social fund (ta'zir). This raises substantial questions regarding the status of actual costs if they are recognized as operational revenue for the IFI. From the IFI Regulation side, DSN-MUI Fatwa No. 134 of 2020 holds a very strong position as a legally binding compliance standard, mandated by the Islamic Banking Law. The fatwa serves a dual function, as sharia legitimacy for prudent rescheduling practices, and as a tool for consumer protection against fictitious costs.
A Comparison of Qiyas-Based Zakat al-Fitr Nominals: A Study of BAZNAS Policies across 27 Regencies/Cities in West Java (2021–2025) Oneng Nurul Bariyah; Dita Kharisma; Yahaya Niwae
AL-IKTISAB: Journal of Islamic Economic Law Vol. 10 No. 1 (2026): AL-IKTISAB: Journal of Islamic Economic Law
Publisher : AL-IKTISAB: Journal of Islamic Economic Law

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/al-iktisab.v10i1.8

Abstract

This article analyses the practice of qiyas  in determining the standard amount of zakat al-fitr in Indonesia, focusing on West Java Province during the period 2021–2025. The study examines the role of the West Java Provincial National Zakat Agency in converting zakat al-fitr obligations from staple foodstuffs, particularly rice, into monetary form, as well as the implications of applying qiyas  to variations in the nominal value of zakat al-fitr across regencies and cities. This research employs a literature review method using primary sources consisting of printed and electronic literature on qiyas  in ushul fiqh, provisions of zakat al-fitr within fiqh al-zakat, and Circular Letters issued by the West Java Provincial BAZNAS regarding zakat al-fitr standards. Secondary sources include books, peer-reviewed journal articles, policy documents, and other relevant references that support the analysis. Data were analysed qualitatively using a comparative approach by examining the application of qiyas  in determining zakat al-fitr standards in several regions in West Java. This approach enabled the identification of differences in nominal zakat al-fitr amounts while also analysing local economic factors underlying these variations. The findings indicate that the West Java Provincial BAZNAS determines the conversion of zakat al-fitr into monetary form based on local rice prices in each region. This practice reflects the application of qiyas  through an ‘illat derived from the consumption value of staple foods within local communities. Consequently, the amount of zakat al-fitr is strongly influenced by local economic and fiscal conditions, resulting in diverse zakat al-fitr standards across regions. During the study period, the lowest zakat al-fitr amount was recorded at Rp25,000 in 2021, while the highest reached Rp62,000 in 2023 in Cianjur Regency. The novelty of this study that the application of qiyas  based on local price considerations produces varied zakat al-fitr standards, while highlighting the adaptability of Islamic law in responding to socio-economic dynamics.
Comparative Study of the Role of LAZISMU and LAZISNU in Economic Empowerment of Muslim Communities in Kudus Marsya Rizqia; Tuti Nadhifah; Yunus Mustaqim; Daniel Ferdian
AL-IKTISAB: Journal of Islamic Economic Law Vol. 10 No. 1 (2026): AL-IKTISAB: Journal of Islamic Economic Law
Publisher : AL-IKTISAB: Journal of Islamic Economic Law

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/al-iktisab.v10i1.12

Abstract

The socioeconomic landscape of Kudus Regency presents a significant challenge that necessitates the active role of Islamic philanthropic institutions in allocating zakat, infaq, and alms through productive schemes. In this context, LAZIS Muhammadiyah (LAZISMU) and LAZIS Nahdlatul Ulama (LAZISNU) emerge as the two primary forces, each employing distinct approaches to community empowerment. The ideological divergence between Muhammadiyah, leaning toward a modernist-administrative framework and Nahdlatul Ulama deeply rooted in traditional cultural bases—creates a unique dynamic in their economic strategies. This study aims to conduct a systematic comparative analysis of how these institutions design, implement, and ensure the sustainability of their programs using a qualitative comparative approach. Through field observations, in-depth interviews, and documentation involving institutional boards and beneficiaries, the findings reveal that LAZISMU operates under a highly structured management model. This approach prioritizes bureaucratic efficiency and top-down planning, ranging from capital provision to entrepreneurship training. While LAZISMU excels in targeting accuracy and procedural transparency, it faces challenges in field mentoring, which tends to be inconsistent, impacting the long-term resilience of businesses. In contrast, LAZISNU prioritizes social networks and local cultural capital. By leveraging grassroots activists, LAZISNU fosters a mentoring system that is fluid and intensive. Its kinship-based communication and organic monitoring boost beneficiary confidence and business sustainability. Although its formal administration is less extensive than LAZISMU’s, this socio-cultural approach yields more significant results in long-term independence. This study concludes that effective empowerment requires integrating professional management with sustained social assistance. Success is measured not merely by aid volume, but by the depth of interaction and guidance provided.
Religiosity and Pesantren Environment in Shaping Philanthropic Giving Behavior: An Empirical Study of Female Student Teachers at LAZISWAF Gontor Muhammad Abdul Aziz; Shella Annisa Kurnia Pratiwi; Nurizal Ismail
AL-IKTISAB: Journal of Islamic Economic Law Vol. 10 No. 1 (2026): AL-IKTISAB: Journal of Islamic Economic Law
Publisher : AL-IKTISAB: Journal of Islamic Economic Law

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/al-iktisab.v10i1.14

Abstract

Islamic philanthropy, particularly ṣadaqah (voluntary charity), plays a crucial role in promoting social welfare and economic redistribution. However, the determinants of philanthropic behavior among individuals with limited financial capacity, such as students, remain underexplored in the literature. This study aims to examine the influence of religiosity and the pesantren environment on philanthropic giving behavior among female student teachers at LAZISWAF Gontor Putri 1. A unique phenomenon is observed at this location, where female student teachers demonstrate active participation in ṣadaqah despite lacking a stable fixed income.This research employs a quantitative approach with an explanatory design. Data were collected through structured questionnaires from 201 respondents selected using a simple random sampling technique. Data analysis was performed using multiple linear regression techniques via SPSS software to evaluate the relationships between variables.The results show that religiosity has a positive and significant effect on ṣadaqah behavior (β = 0.383, p < 0.05). Similarly, the pesantren environment has a significant positive influence (β = 0.369, p < 0.05), even demonstrating a slightly stronger statistical impact in reinforcing individual motivation through subjective norms. Simultaneously, this model accounts for 52.3% of the variance in philanthropic behavior (R² = 0.523).These findings indicate that internal religious commitment and a supportive socio-religious environment jointly shape sustainable philanthropic practices. This proves that value internalization and environmental reinforcement can effectively substitute for economic capacity in driving the act of sharing. This study contributes theoretically by introducing a value-based behavioral model rooted in pesantren culture. Practically, philanthropic institutions are encouraged to strengthen religious education and create supportive ecosystems to increase the participation of young donors in the future.
The Role of Transparency and Accountability in Increasing Stakeholder Trust in Zakat Fund Management: A Study of LAZIS Central Java Makhda Intan Sanusi; Sugiyanto; Mohd Badrol Awang
AL-IKTISAB: Journal of Islamic Economic Law Vol. 10 No. 1 (2026): AL-IKTISAB: Journal of Islamic Economic Law
Publisher : AL-IKTISAB: Journal of Islamic Economic Law

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/al-iktisab.v10i1.17

Abstract

The significant potential of zakat in Indonesia is explored through an in-depth investigation of Lazis Jateng’s role as a leading zakat management organization that prioritizes transparency and accountability. In a country with the world's largest Muslim population, zakat serves as a strategic instrument for poverty alleviation and community development. Therefore, professional and responsible management is highly essential to ensure that collected funds comprising Zakat, Infak, and Sedekah (ZIS) effectively support those in need and bridge the widening economic gap within society. This research specifically evaluates how the consistent implementation of transparency and accountability principles by Lazis Jateng directly impacts public trust and the overall volume of donations received by the institution. Using a descriptive qualitative approach, the investigation examines fund management practices through comprehensive interviews with management, detailed document analysis of financial statements, and direct observation of operational workflows. Findings indicate that transparent financial reporting and robust accountability mechanisms significantly enhance stakeholder and donor trust. This increase in trust positively influences donation levels, as muzaki feel assured that their contributions are managed in strict alignment with Sharia principles and reach intended targets efficiently without misappropriation. Furthermore, the work identifies several key challenges, including varying levels of public literacy regarding technical financial reports and the inherent complexities of managing diverse social funds under both religious and state regulations. These findings underscore that transparent and accountable management is a fundamental pillar for building sustainable public trust. By strengthening these aspects, zakat institutions can increase community participation and solidify their role in achieving broader socio-economic goals and social justice in Indonesia, providing valuable insights for future zakat policies.

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