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Adam Mudinillah
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adammudinillah@staialhikmahpariangan.ac.id
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adammudinillah@staialhikmahpariangan.ac.id
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Jorong Kubang Kaciak Dusun Kubang Kaciak, Kelurahan Balai Tangah, Kecamatan Lintau Buo Utara, Kabupaten Tanah Datar, Provinsi Sumatera Barat, Kodepos 27293
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INDONESIA
Sharia Oikonomia Law Journal
Published by Yayasan Adra Karima Hubbi
ISSN : 29885191     EISSN : 29885205     DOI : 10.70177/solj
Core Subject :
The Sharia Oikonomia Law Journal explores various aspects of Sharia economic law and the evolving economic challenges. Its primary focus includes the impact of digital transformation on Islamic finance, such as fintech and blockchain, as well as the role of Sharia financial instruments (zakat, waqf, sukuk) in achieving sustainable development goals. The journal also addresses the harmonization of Sharia economic law with national legal systems, Islamic business ethics, and social finance in promoting economic inclusion. Furthermore, it examines the application of Sharia economic systems in emerging markets and the role of Sharia finance in crisis management. With an interdisciplinary perspective, Sharia Oikonomia Law Journal aims to be a leading reference for academics, practitioners, and policymakers in the field of Sharia economic law.
Arjuna Subject : -
Articles 102 Documents
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Implementation of Sharia-Based BUMDes on Economic Development and Growth in Kalatiri Village, Burau District Selvi Selvi; Saiful Anwar
Sharia Oikonomia Law Journal Vol. 2 No. 2 (2024)
Publisher : Yayasan Adra Karima Hubbi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55849/solj.v2i2.969

Abstract

The aim of the research is the implementation of Sharia-based BUMDes in Kalatiri Village, Burau District, East Luwu Regency. Want to review and change the conventional system into a Sharia-based BUMDes system. And the public gets certainty of course about the contracts that will be made regarding savings and loans. The obstacles faced are the lack of public knowledge regarding financial language, financial reporting uses manual calculations. SThe solution that will be carried out in this activity is to use the method used in solving problems, namely the survey method and direct application of murabahah contracts and mudharabah contracts to solve existing problems which are then continued with research. After that, an evaluation was carried out to determine the level of success achieved by sharia-based BUMDes by reviewing understanding of Financial Reports, Islamic Economic Contracts, as well as the growth and development of BUMDes businesses.
The Role of Planning in Management: Strategies to Achieve Organizational Success Koppel Tavo; Romann Rasmus
Sharia Oikonomia Law Journal Vol. 2 No. 2 (2024)
Publisher : Yayasan Adra Karima Hubbi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55849/solj.v2i2.1148

Abstract

This article aims to outline the importance of planning in the context of organizational management. Planning, both strategically and operationally, is explained as a crucial foundation for achieving organizational goals. The data collection method used is the literature method, which is used to trace historical and theoretical data related to planning in management. Strategic planning, as a comprehensive long-term plan, is considered the foundation for operational planning in achieving organizational goals. Three main reasons why strategic planning is important: first, as a basic framework for all types of planning; second, it facilitates the understanding of other planning; Third, as a starting point for evaluating managerial and organizational activities as a whole.
The Transforming the Household Economy Through Home Industry: (Analysis of the Social and Economic Impact of the Ijuk Argo Jaya Home Industry) Fatmawati Sungkawaningrum; Farhatul Handona; Eko Sariyekti
Sharia Oikonomia Law Journal Vol. 2 No. 2 (2024)
Publisher : Yayasan Adra Karima Hubbi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55849/solj.v2i2.1154

Abstract

The development of the small industrial sector in Indonesia, especially home industry, is important in driving the community's economy, creating jobs and increasing household income. In the context of Islamic economics, entrepreneurship is recommended as part of worship to fulfill life's needs in a halal way. Home industry plays a strategic role in utilizing local raw materials and increasing economic resilience to crises. This research aims to explore the role of the Ijuk Argo Jaya Home Industry in absorbing labor and improving the household economy in Bringin Tegalsari Kedu Hamlet, Temanggung Regency. The scope of this research identifies the role of the Argo Jaya palm fiber home industry in absorbing labor and improving the household economy in the local community. This research method uses a case study with primary data from observation, interviews and documentation, as well as secondary data from relevant literature. Data analysis was carried out through data reduction, data presentation, and drawing conclusions which were verified by triangulation of sources and techniques. The research findings of the Argo Jaya palm fiber home industry provide permanent employment, especially for the elderly and housewives, increasing the flexibility of working hours and adapting to labor needs. This home industry plays an important role in empowering local communities and improving the household economy
Comparative Analysis of Sharia Business Management in Various Industrial Sectors Widya Khaidir; Husain Nurisman; Xie Guilin; Deng Jiao
Sharia Oikonomia Law Journal Vol. 2 No. 2 (2024)
Publisher : Yayasan Adra Karima Hubbi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70177/solj.v2i2.1156

Abstract

In the midst of increasing interest and growth in sharia-based industries in various sectors, research on sharia business management is becoming increasingly important. Indonesia sees great potential in sharia economics as a substitute for an ethical and sustainable economic system. The main objective of this research is to find out how sharia management principles are applied in various industries and to find different and similar ways. IThis study was conducted using qualitative methods and comparative case studies. Data was collected through in-depth interviews with managers and executives in retail, food and beverage, banking and tourism businesses. In addition, secondary data was obtained from academic publications, industry publications, and company annual reports.. The research results show that the application of sharia business management in various industries varies. The level of compliance of the sharia banking sector with sharia principles is very high, especially in terms of financial transactions and banking products. The food and beverage and retail sectors place more emphasis on halal aspects in the supply chain and products sold, while sharia tourism places more emphasis on service and experience aspects that are in line with Islamic values. This study found that sharia business management has many applications, depending on the characteristics and needs of each industry.  
Optimizing Waqf as a Socio-Economic Financing Instrument in the Digital Era Didih Muhamad Sudi; Akbar Sarif; Yuanyuan Wang; Guijiao Zou
Sharia Oikonomia Law Journal Vol. 2 No. 2 (2024)
Publisher : Yayasan Adra Karima Hubbi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70177/solj.v2i2.1157

Abstract

Waqf, an important Islamic philanthropic tool for social and economic financing, has a long history. However, the management and distribution of waqf often hinders wider potential benefits. Information technology can be a useful tool to overcome these various obstacles in the current digital era. The aim of this research is to identify various technologies that can be used to optimize waqf management. Specifically, this research aims to identify technologies that can be used to increase efficiency and transparency in waqf management, evaluate how the application of these technologies impacts the effectiveness of waqf management, and make strategic recommendations for waqf managers and other stakeholders. Data was collected through in-depth interviews with waqf managers, Islamic economic experts and information technology experts. In addition, annual reports of waqf institutions, government policies related to waqf, and academic literature on the digitalization of waqf management were analyzed. Thematic analysis techniques are used to find main research patterns and themes. The research results show that using digital technology in waqf management has many major advantages. Technologies such as smart contracts and blockchain can increase the security and transparency of waqf transactions, reduce the possibility of abuse, and enable more effective audits. In addition, wider waqf fundraising is made possible by digital-based crowdfunding platforms. This research finds that digital technology has great potential to optimize waqf management as a socio-economic financing tool. This technology can overcome many of the traditional problems faced by waqf management, such as lack of transparency and efficiency.
Blockchain and its Potential in Strengthening Islamic Economic Law Mufadhol Mufadhol; Widya Khaidir; Lie Jie; Cai Jixiong
Sharia Oikonomia Law Journal Vol. 2 No. 3 (2024)
Publisher : Yayasan Adra Karima Hubbi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70177/solj.v2i3.1158

Abstract

Various aspects of life, including economics and law, have been greatly influenced by advances in information technology. Blockchain is one of the most popular technological innovations today. The technology known as blockchain allows digital transactions to be recorded securely and transparently without the use of intermediaries. This research examines the potential for using blockchain technology to strengthen Islamic economic law. Specifically, this research seeks to find out how blockchain features can support sharia principles such as transparency, fairness and honesty in economic transactions. Apart from that, this research also examines the challenges and opportunities of implementing blockchain technology in a human-based economic system. This study uses qualitative methodology and literature study. The data used in this research was obtained from various secondary sources, such as books, research reports, scientific journals, and articles related to the topic of blockchain and Islamic economic law. The research results show that blockchain has several characteristics that can support Islamic economic law. The main components of transaction records, such as transparency and immutability, can ensure that all transactions are carried out honestly and in accordance with sharia principles. In addition, blockchain technology allows automatic transactions that comply with Islamic law, such as mudharabah contracts and buying and selling. However, this research found several problems. This research finds that blockchain can help implement Islamic economic law by increasing honesty, transparency and fairness in transactions. This technology can help ensure that sharia rules are applied consistently in various forms of economic transactions. However, to fully exploit this potential, governments, academics and practitioners must work together to address existing problems.
Evaluation of the Zakat System as a Tool for Redistribution of Wealth in the Modern Economy Efendi Sugianto; Zhang Wei; Shanshan Xu
Sharia Oikonomia Law Journal Vol. 2 No. 3 (2024)
Publisher : Yayasan Adra Karima Hubbi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70177/solj.v2i3.1159

Abstract

Zakat is an important tool in Islamic economics as a way to spread wealth and reduce economic inequality. Evaluating the effectiveness of the zakat system to achieve these goals in the context of a modern global and complex economy is essential. With increasing amounts of wealth concentrated in the hands of a few and increasing economic inequality, it is important to understand the extent to which zakat can help improve a more equitable distribution of wealth. The aim of this research is to assess how effective the zakat system is as a tool for wealth redistribution in a modern economy. The main focus of the research is to assess the extent to which zakat can reduce economic inequality and improve social welfare in society. This research uses several approaches. The concept of zakat in Islamic economics is studied through descriptive analysis; comparative research on the implementation of zakat in several countries; and surveys and interviews with relevant stakeholders to collect empirical data. The impact of zakat on wealth redistribution and economic inequality is assessed through quantitative and qualitative data analysis. The research results show that the implementation of the zakat system in the modern economy has a significant impact in reducing economic inequality. Zakat is effective in shifting wealth from high-income groups to those in greater need, although there are administrative and social challenges during its implementation. The results of the analysis show that zakat plays an important role as a tool for wealth redistribution in the contemporary economy. However, greater efforts are needed to increase awareness, compliance and administrative efficiency in zakat management to reach its full potential. Therefore, this research increases our understanding of the possibilities and obstacles of zakat as an economic tool in today's world.
The Role of Regulation in the Development of Sharia Fintech: A Review of Contemporary Islamic Economic Law Istianah Zainal Asyiqin; Irvan Mareto; Manuel Beltrán Genovés
Sharia Oikonomia Law Journal Vol. 2 No. 4 (2024)
Publisher : Yayasan Adra Karima Hubbi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70177/solj.v2i4.1241

Abstract

This research explores the intricate relationship between regulation and the development of Sharia-compliant financial technology (fintech) within the framework of contemporary Islamic economic law. As Sharia fintech emerges as a significant sector in the global financial landscape, the alignment of innovative financial technologies with Sharia principles becomes crucial. The paper delves into the challenges and opportunities posed by regulatory fragmentation, the impact of technological advancements, and the importance of international coordination and harmonization. Regulatory fragmentation, characterized by diverse interpretations of Sharia law and differing national regulations, complicates cross-border operations, stifles innovation, and leads to a lack of standardization in financial products. Technological advancements, such as blockchain, artificial intelligence, and digital currencies, offer immense potential for enhancing transparency, efficiency, and inclusivity in Islamic finance but also introduce complex regulatory challenges. The paper argues for a proactive and collaborative regulatory approach, emphasizing the need for international standards and greater harmonization to ensure that Sharia fintech can thrive globally. By addressing these issues, the paper highlights the critical role of regulation in shaping the future of Sharia-compliant fintech, ensuring its growth, scalability, and adherence to Islamic ethical principles.
The Influence of Islamic Economic Law on Sustainable Development in Developing Countries Rini Ariyanti; Lucas Lima; Tiago Costa; Pedro Silva; Bambang Sucipto
Sharia Oikonomia Law Journal Vol. 2 No. 3 (2024)
Publisher : Yayasan Adra Karima Hubbi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70177/solj.v2i3.1404

Abstract

In today’s era of globalization, it is important for developing countries to achieve sustainable development. However, sustainable development requires consideration of social, cultural, and environmental perspectives in addition to economic ones. Islamic economic law emerges as an alternative solution amidst this complexity, offering principles that promote a balance between economic growth and social justice. This study aims to comprehensively analyze the impact of Islamic economic law on sustainable development in developing countries. This involves analyzing how the principles of the law are applied in the economic activities of these countries, as well as how they impact aspects of sustainable development such as social stability, poverty alleviation, environmental preservation, and inclusive economic growth. In this study, qualitative methods will be used to investigate the literature and analyze the comparison of developing countries that implement Islamic economic law at various levels. Data will be collected from primary and secondary sources, including financial reports, legal documents, and case studies on the implementation of Islamic economic law in certain countries. Studies show that the implementation of Islamic economic law benefits sustainable development in developing countries. Sustainability, justice, and economic and social balance have been shown to promote inclusive economic growth, improved social welfare, and more sustainable management of natural resources.
The Impact of Islamic Business Ethics on Multinational Corporate Practices Haruni Ode; Faisal Razak; Nurul Huda
Sharia Oikonomia Law Journal Vol. 2 No. 3 (2024)
Publisher : Yayasan Adra Karima Hubbi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70177/solj.v2i3.1405

Abstract

It is important to understand the role and influence of Islamic business ethics on the actions of multinational corporations (MNCs) in an increasingly connected world. The question of how Islamic values and principles can influence business decisions has become a subject of great concern in the era of globalization that presents increasingly complex ethical challenges for multinational companies. This study aims to learn more about how Islamic business ethics affect the operations of multinational companies. This study not only seeks the immediate results of implementing Islamic principles in business decision-making, but also examines its long-term effects on corporate reputation, stakeholder relations, and operational sustainability. Literature analysis, case studies, and interviews with stakeholders in multinational companies implementing Islamic business ethics policies. This method allows researchers to gain a broad understanding of how these principles are applied in the daily life of the company and how various parties interact with the policy. Research shows that implementing Islamic business ethics in the practices of multinational companies can have significant effects, from increasing stakeholder trust and loyalty to improving financial performance and corporate reputation. This study finds that ethical principles are very important in business decision making, especially for multinational companies that have influence around the world. MNCs can use the integration of Islamic business ethics to gain competitive advantage and build a strong foundation for the growth and development of more just and sustainable societies around the world.

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