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Muhammad Irkham Firdaus
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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 14 Documents
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The Implementation of Sharia Values in Interest-Free Motorcycle Financing of Non-Sharia Cooperatives: A Case Study of the Avicenna Jagakarsa School Teachers and Employees Cooperative Meta Saputra; Gemala Dewi
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 : University of Darusssalam Gontor

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Abstract

This research aims to analyze the implementation of sharia values in interest-free motorcycle financing at a non-sharia financial institution, employing a case study of the Teachers and Employees Cooperative at Avicenna School Jagakarsa. Although not officially labeled as a sharia entity, this cooperative offers a program that eliminates the element of riba (usury/interest). This research employs a qualitative approach using a descriptive analysis method with a single case study design. Data collection was conducted through indepth interviews, observation, and documentation review, which were then analyzed using the Miles and Huberman interactive model. The results indicate that the cooperative's operational practices have adopted the murabahah model by setting a fixed profit margin of 1% per month, this is more competitive compared to conventional institutions, which typically charge approximately 2% per month. Member acceptance is driven by two main factors, the theological factor of avoiding riba for the sake of inner peace, and the economic factor of relatively lower costs. This phenomenon also demonstrates the existence of gradual religious pragmatism, where the substance of anti-usury is prioritized over the perfection of formal contracts. Furthermore, sharia values can be internalized within conventional financial institutions as a solution for more equitable financing, although formal contracts are necessary to guarantee comprehensive sharia compliance.
Sharia Governance in the Digital Financial Ecosystem: OJK Regulation and DSNMUI Fatwa: Sharia Governance Yuliana Siti Sholaika; Amin Wahyudi; Miftah Pahlevi
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 : University of Darusssalam Gontor

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Abstract

This research discusses sharia governance in the digital financial ecosystem, which is experiencing rapid development in line with the transformation of technology-based financial services. Digital financial services are currently facing new challenges in terms of sharia governance, particularly between OJK regulation and DSN-MUI fatwa. DSN-MUI Fatwa No. 117/2018 emphasizes that digital platforms function as representatives (wakalah), while POJK No. 10/2022 provides space for platforms to act as digital business operators with authority over system management, algorithms, and fee setting. This difference in construction has the potential to give rise to dual functions of platforms that lead to digital hilah practices that can weaken sharia principles. This research aims to analyze the gap between OJK regulation and DSN-MUI fatwa in the application of sharia governance in the digital finance ecosystem and to formulate a model for strengthening sharia governance that is adaptive to technological developments. This research method uses library research on legislation, OJK regulation, DSN-MUI fatwa, and relevant scientific articles. The results of the research show that there are three main gaps, namely in the aspects of the position and authority of digital platforms, algorithmic transparency in determining fees and financing, and mechanisms for monitoring sharia compliance in the digital world. This research provides solutions in the form of harmonizing regulations between OJK regulation and the DSN-MUI fatwa to strengthen the role of DPS based on algorithmic audits and to develop a digital sharia governance framework as a standard for sharia governance in the digital finance sector that is more comprehensive and responsive to technological developments. The findings of this research are expected to have important implications for regulators, industry, and sharia supervisors in building a digital financial ecosystem that is not only innovative but also trustworthy, fair, and oriented towards public interest.
Influence of Education Level and Income Level on Public Interest in Paying Zakat at LAZISMU Magelang Central Java Indonesia Eko Nur Cahyo; Irfan Maulana Ishaq; Adi Rahmannur Ibnu
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 : University of Darusssalam Gontor

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Abstract

Zakat is one of the obligations in Islam that plays an important role in economic equality and social welfare. However, the level of community compliance in associated with paying zakat is still diverse and is influenced by various factors. This research aims to analyze influence of education level and income level on the interest of the public in paying zakat at LAZISMU Magelang. This research uses a quantitative survey approach through questionnaires distributed to muzakki in LAZISMU Magelang. The analysis technique used is multiple linear regression to test the relationship between the independent variable (education level and income level) and the dependent variable (interest in paying zakat). The results showed that the level of education has a significant influence on interest in paying zakat, where the higher the level of education of a person is, the greater his or her awareness of paying zakat. Moreover, income level affects interest in paying zakat, but in some cases, an increase in income is not always followed by an increase in compliance in paying zakat. This finding shows that in addition to economic factors, religious understanding obtained from education is also a key factor in increasing public participation in zakat payments. Therefore, more intensive zakat education and socialization efforts are needed so that people are more aware of fulfilling their obligations.
Gharar in Shafi'i Jurisprudence: Reassessing Its Validity in E-CommerceTransactions Arum Indiharwati; Mailah; Nor Asiah Binti Mohamad
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 : University of Darusssalam Gontor

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Abstract

The widespread adoption of e-commerce among Muslim consumers presents significant legal challenges, particularly concerning the validity of digital transactions under Shafi’i jurisprudence, which emphasizes contractual clarity and certainty. This researchaddresses these challenges by reassessing the concept of ghararwithin the Shafi’i school in modern digital commerce. It sets out three objectives,to examine classical definitions and legal thresholds of ghararaccording to Shafi’i scholars,identify manifestations of uncertainty in current e-commerce practices,andevaluate the extent to which reinterpretation is possible while maintaining doctrinal consistency. Using a normative juridical method and content analysis of classical texts such as Mukhtashar Al-Ummand Al-Majmu’, as well as contemporary scholarship, thisresearchfinds that most digital transaction uncertainties qualify as ghararyasir (minor uncertainty) and therefore do not invalidate contracts. These findings underscore that consumer consent, established commercial customs (‘urf), and platform safeguards(such as refund policies and transparency features) effectively reduce legal ambiguity. The research further confirms that the Shafi’i framework possesses sufficient flexibility, through legal maxims (qawaid fiqhiyyah) and considerations of public interest (maslahah), to accommodate evolving transaction models without compromising its core principles. Thus, thisresearchaffirms the ongoing relevance of Shafi’i jurisprudence in regulating the ethical and legal dimensions of e-commerce.

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