cover
Contact Name
Nur Hidayah
Contact Email
iqtishad@uinjkt.ac.id
Phone
+62217401925
Journal Mail Official
iqtishad@uinjkt.ac.id
Editorial Address
Faculty of Shariah and Law, UIN Syarif Hidayatullah Jakarta Jl. Ir. H. Juanda 95, Ciputat, South Tangerang, Banten-15412
Location
Kota tangerang selatan,
Banten
INDONESIA
Al-Iqtishad : Jurnal Ilmu Ekonomi Syariah (Journal of Islamic Economics)
ISSN : 2087135X     EISSN : 24078654     DOI : 10.15408/aiq.v14i1.
This journal focused on Islamic law on economics and finance studies and present developments through the publication of articles. Specifically, the journal will deal with topics, including but not limited to Islamic law on Islamic Banking, Islamic Marketing, Islamic Human Resources, Islamic Finance, Zakah, Waqf, Poverty Alleviation, Islamic Public Finance, Monetary Economics, Economic Development, Maqasid al-Shariah, Institutional Economics, Islamic management, Behavioural Economics and Finance, Corporate Governance, Risk Management, Shariah issues, Financial Engineering, Securitization and Sukuk, Islamic Capital Markets, Insurance and Takaful, Regulatory Issues, Corporate Social Responsibility in Islam and other topics which related to this area. The journal is intended to communicate original research and current issues on the subject. This journal warmly welcomes contributions from scholars of related disciplines.
Articles 707 Documents
The Contributions and The Roles of Muslim Tourists to The Development of Halal Tourism in Lombok, Indonesia Atmo Prawiro
Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah Vol 15, No 2 (2023)
Publisher : Faculty of Shariah and Law, UIN Syarif Hidayatullah Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/aiq.v15i2.30738

Abstract

Abstract. This study investigated Muslim tourist role and contribution in halal tourism development in Lombok. A literature review and semi-structured interviews were conducted to compile theoretical data and tourist responses. Anthropological studies were also done to enrich data and information from official sources. The findings indicated that Muslim tourists in Lombok contribute significantly to economic growth by their expenses in the tourism sector. They visited and purchased local products. Moreover, some facilitation meet the Muslim tourists need, such as Muslim-friendly hotels, halal restaurants and shopping centers that provide halal products. However, Muslim tourists in Lombok are not much different from tourists in general. Their role and contribution are still limited towards the development of halal tourism in Lombok. This data from the Ministry of Tourism of West Nusa Tenggara showed that halal tourism still needs to be improved for sustainability in Lombok to face a world-class halal tourism scale. Abstrak. Penelitian ini menyelidiki peran dan kontribusi wisatawan Muslim dalam pengembangan pariwisata halal di Lombok. Tinjauan literatur dan wawancara semi-terstruktur dilakukan untuk mengumpulkan data teoritis dan tanggapan wisatawan. Kajian antropologi juga dilakukan untuk memperkaya data dan informasi dari sumber resmi. Temuan menunjukkan bahwa wisatawan Muslim di Lombok berkontribusi signifikan terhadap pertumbuhan ekonomi melalui pengeluaran mereka di sektor pariwisata. Mereka berkunjung dan membeli produk lokal. Selain itu, beberapa fasilitasi juga tersedia untuk memenuhi kebutuhan wisatawan muslim, seperti hotel ramah muslim, restoran halal, dan pusat perbelanjaan yang menyediakan produk halal. Meski demikian, wisatawan muslim di Lombok tidak jauh berbeda dengan wisatawan pada umumnya. Peran dan kontribusi mereka masih terbatas terhadap pengembangan wisata halal diLombok. Data Kementerian Pariwisata Nusa Tenggara Barat ini menunjukkan bahwa wisata halal masih perlu ditingkatkan demi keberlangsungan kota Lombok dalam menghadapi wisata halal berskala kelas dunia.
Challenging the Practice of Hilah in Contract Engineering in Islamic Financial Institutions from the Perspective of Islamic Business Ethics Ainul Yaqin
Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah Vol 16, No 1 (2024)
Publisher : Faculty of Shariah and Law, UIN Syarif Hidayatullah Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/aiq.v16i1.35459

Abstract

This paper aims to criticize the practice of contract engineering with the hilah formula from the perspective of Islamic business ethics. Several fatwas from DSN MUI related to the contracts in Islamic financial institutions are analyzed with the principles of Islamic business ethics. From the results of the analysis, it was concluded that the practice of engineering contracts using hilah had been carried out excessively and was not in line with the principles of Islamic business ethics. Islamic business ethics should be the main parameter in business practices in Sharia financial institutions so that the goals of the Islamic economic system can be realized and can be felt by the wider community.
The Impact Distribution of Zakat in Alleviating Poverty During COVID-19 Pandemic: Evidence From Indonesia Dion Saputra Arbi; Jonathan Farez Satyadharma; Ihsan Hidayat
Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah Vol 16, No 1 (2024)
Publisher : Faculty of Shariah and Law, UIN Syarif Hidayatullah Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/aiq.v16i1.35678

Abstract

Zakat is one of the Islamic socio-economic instruments to improve the welfare of Muslim communities by reducing poverty levels. Between 2020-2022, when the COVID-19 pandemic hit Indonesia, zakat management institutions succeeded in getting 1,145,636 people out of poverty, thereby increasing the achievements of mustahik to muzakki by augmenting individual and household sources of income from zakat recipients. This study uses the CIBEST analysis tool and the BAZNAS Welfare Index (IKB) to measure the impact of zakat distribution by BAZNAS on poverty alleviation during the COVID-19 pandemic in Indonesia. The results of this study indicate that zakat distribution can alleviate the poverty of the Indonesian population by 4.14 percent during the COVID-19 pandemic. Thus, the distribution of zakat funds during the pandemic era significantly reduced Indonesia’s poverty.
The Impact of Islamic Work Ethics and Organizational Justice on Organizational Citizenship Behavior: The Mediating Role of Organizational Commitment Syamsul Hadi; Nur Rokhman; Kusuma Chandra Kirana; Naima Andleeb; Eni Purnasari
Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah Vol 15, No 2 (2023)
Publisher : Faculty of Shariah and Law, UIN Syarif Hidayatullah Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/aiq.v15i2.33375

Abstract

Abstract. Organizational Citizenship Behavior is not exhibited by all employees within a company. To effectively accomplish objectives, the management must possess a comprehensive understanding of organizational justice, the significance of Islamic values, and the extent to which employee dedication is established. The research aims to analyze the effect of Islamic work ethic and organizational justice on organizational citizenship behavior mediated by organizational commitment. This article employs a quantitative method, with data obtained through questionnaires distributed to 65 respondents from an Indonesian company and analyzed using structural equation modeling. The study shows that the Islamic work ethic positively and significantly affects organizational citizenship behavior and commitment. Organizational justice positively and significantly affects organizational citizenship behavior and commitment. Meanwhile, organizational commitment has a positive and significant effect on organizational citizenship behavior and has been proven to be able to mediate such relationships.  Abstrak. Tidak semua karyawan menunjukkan perilaku organisasi kewarganegaraan. Untuk mencapai tujuannya secara efektif, manajemen harus memiliki pemahaman komprehensif tentang keadilan organisasi, pentingnya nilai-nilai Islam, dan sejauh mana dedikasi karyawan dibangun. Penelitian ini bertujuan untuk menganalisis pengaruh etos kerja Islam dan keadilan organisasi terhadap perilaku organisasi kewarganegaraan yang dimediasi oleh komitmen organisasi. Artikel ini menggunakan metode kuantitatif, dengan data diperoleh melalui kuesioner yang disebarkan kepada 65 responden di satu perusahaan di Indonesia. Sedangkan analisis datanya menggunakan model persamaan struktural. Hasil penelitian menunjukkan bahwa etos kerja Islam berpengaruh positif dan signifikan terhadap perilaku dan komitmen kewargaanorganisasi. Keadilan organisasi berpengaruh positif dan signifikan terhadap Perilaku Organisasi Kewarganegaraan dan Komitmen Organisasi. Komitmen organisasi berpengaruh positif dan signifikan terhadap Perilaku Organisasi Kewarganegaraan dan terbukti mampu memediasi hubungan tersebut.
Disclosure of BMTI: One Size Does Not Fit All? Rahmawati Rahmawati; Hafiz Majdi Ab. Rashid; Hairul Azlan Annuar; Siti Alawiyah Siraj
Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah Vol 15, No 2 (2023)
Publisher : Faculty of Shariah and Law, UIN Syarif Hidayatullah Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/aiq.v15i2.35238

Abstract

Abstract. Micro, small, and medium-sized businesses are defined differently indifferent parts of the world because of their disparities in economic development.However, the accounting requirements for those three are the same. This study examines the differences in the disclosure of micro, small, and medium Baitul Maal Wat Tamwil Institutions (BMTI). A total of 206 annual reports of BMTIs in Indonesia were divided based on the size of BMTI and then measured in terms of the extent and quality of disclosure by using 60 items under four dimensions of disclosure: general, financial, social, and Shariah compliance. This study used descriptive statistics analysis as well as one-way analysis of variance (ANOVA). The result showed that the micro BMTIs should be grouped into small-scale enterprises while the medium BMTIs are classified into one broad category. Therefore, regulators should establish size-based reporting standards into two classified entities to foster the growth of BMTIs from micro to small, and medium to big sizes.  Abstrak. Usaha mikro, kecil, dan menengah didefinisikan secara berbeda diberbagai belahan dunia karena adanya perbedaan dalam pembangunan ekonomi. Di sisi lain, tidak ada persyaratan akuntansi yang berbeda untuk tiga ukuran. Penelitian ini mengkaji perbedaan pengungkapan Lembaga Baitul Maal Wat Tamwil (BMTI) mikro, kecil, dan menengah. Sebanyak 206 laporan tahunan BMTI di Indonesia dibagi berdasarkan besar kecilnya BMTI, diukur luasnya dan kualitas pengungkapannya dengan menggunakan 60 item yang termasuk dalam empat dimensi: pengungkapan kepatuhan umum, keuangan, sosial dan syariah. Penelitian ini menggunakan analisis statistik deskriptif serta analisis varian satu arah (ANOVA). Hasil penelitian menunjukkan bahwa BMTI mikro dikelompokkan ke dalam usaha skala kecil sedangkan BMTI menengah dikelompokkan ke dalam satu kategori besar. Oleh karena itu. regulator perlu menetapkan standar pelaporan berdasarkan ukuran menjadi dua klasifikas usaha dan untuk mendorong pertumbuhan BMTI dari ukuran mikro ke kecil dan menengah ke besar.
Sharia Compliance in the Online-Based Sharia Mutual Funds: Bibit Application Sulasiah Al Mujarodah; Syahrul A'dam
Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah Vol 16, No 1 (2024)
Publisher : Faculty of Shariah and Law, UIN Syarif Hidayatullah Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/aiq.v16i1.39658

Abstract

This study aims to analyze the practice of an online-based Sharia mutual fund, Bibit. Bibit application is a digital platform opening opportunities for Muslims to invest in the Sharia-based capital market. This is a doctrinal legal study, relying on various fatwas issued by the National Sharia Board of the Indonesian Ulama Council (DSN-MUI) regulating Sharia contracts and transactions to analyze Sharia compliance with the Bibit application. This study finds that there are still gaps in the Sharia compliance of Bibit application, where improvements can be made. Some of the gaps include the use of non-Islamic banks as custodian banks, the uninformed investors of their fund use, and the system that is still based on profit rather than the principle of partnership.  
The IDRT (Indonesian Rupiah Token) Stablecoin Dilemma: Navigating the Intersection of Legal Monopolies and Islamic Ethical Norms in Digital Transactions Al Munawar, Faishal Agil; Rizky Syaputra, Abdul Wahid
Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah Vol 17, No 1 (2025)
Publisher : Faculty of Sharia and Law, UIN Syarif Hidayatullah Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/aiq.v17i1.45734

Abstract

IDRT stablecoin is a digital financial innovation that is claimed to be a representation of the rupiah with a stable value. Although its use is increasing, the legality of IDRT in Indonesia is unclear because Law No. 7 of 2011 stipulates the rupiah as the only legal tender. In Islamic law, there is no specific fatwa regarding IDRT, thus creating uncertainty. This study uses a normative juridical approach to analyze the relationship between positive legal instruments and relevant Islamic legal views. As a result, IDRT is not recognized as a legal tender according to positive law, but meets the criteria of sil'ah (tradeable commodity) in Islamic law because it has a stable value, is supported by rupiah reserves, and is free from gharar (uncertainty), qimar (speculation), and ḍarar (harm). Through the principle of istihsan bil maslahah (juristic preference for public interest), IDRT may be conditionally accepted within a sharia-compliant framework, provided regulatory compliance is ensured. Abstrak:Stablecoin IDRT merupakan inovasi keuangan digital yang diklaim sebagai representasi rupiah dengan nilai yang stabil. Meskipun penggunaannya semakin meningkat, legalitas IDRT di Indonesia masih belum jelas karena Undang-Undang Nomor 7 Tahun 2011 menetapkan rupiah sebagai satu-satunya alat pembayaran yang sah. Dalam hukum Islam, belum ada fatwa khusus mengenai IDRT sehingga menimbulkan ketidakpastian. Penelitian ini menggunakan pendekatan yuridis normatif untuk menganalisis hubungan antara instrumen hukum positif dengan pandangan hukum Islam yang relevan. IDRT tidak diakui sebagai alat pembayaran yang sah menurut hukum positif, tetapi memenuhi kriteria sil'ah (komoditas yang dapat diperjualbelikan) dalam hukum Islam karena memiliki nilai yang stabil, didukung oleh cadangan rupiah, dan bebas dari gharar (ketidakpastian), qimar (spekulasi), dan ḍarar (bahaya). Melalui prinsip istihsan bil maslahah (keutamaan hukum untuk kepentingan umum), IDRT dapat diterima dengan syarat sesuai terhadap peraturan. 
Why do Asnaf Entrepreneurs Become Successful? The Role of Intention, Opportunity, and Resources Bahri, Efri Syamsul; Ali, Juhary; Aslam, Mohd Mizan Mohammad
Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah Vol 14, No 1 (2022)
Publisher : Faculty of Sharia and Law, UIN Syarif Hidayatullah Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/aiq.v14i1.25142

Abstract

Qardhawi's opinion on the 2009 zakah disbursement model related to the empowerment of productive aṣnāf has encouraged the development of productive zakah in poverty alleviation. This study aims to examine the effect of intentions, opportunities, and resources on successful aṣnāf entrepreneurs. The method used is the mono method, namely quantitative research. Data was obtained through a survey using purposive sampling. Primary data were examined using the PLS-SEM method and the SmartPLS application. This study found that the intention and opportunity factors had a positive and significant effect on the success of aṣnāf entrepreneurs. Meanwhile, resources have a negative impact on the success of aṣnāf entrepreneurs. This is evidence that the zakah resources given to aṣnāf entrepreneurs must be optimized so that they can have a significant impact. This finding provides recommendations to zakah management entities and policy makers to be able to increase the contribution of zakah funds in poverty alleviation through the aṣnāf entrepreneurial program.  AbstrakPendapat Qardhawi tentang model pencairan zakat tahun 2009 terkait pemberdayaan aṣnāf produktif telah mendorong berkembangnya zakat produktif dalam pengentasan kemiskinan. Penelitian ini bertujuan menguji pengaruh niat, peluang, dan sumber daya terhadap pengusaha aṣnāf yang sukses. Metode yang digunakan ialah metode mono yaitu penelitian kuantitatif. Data diperoleh melalui survei dengan menggunakan purposive sampling. Data primer diperiksa menggunakan metode PLS-SEM dan aplikasi SmartPLS. Penelitian ini menemukan bahwa faktor niat dan peluang berpengaruh positif dan signifikan terhadap keberhasilan wirausaha aṣnāf. Sementara itu, sumber daya berdampak negatif terhadap keberhasilan pengusaha aṣnāf. Hal ini menjadi bukti bahwa sumber daya zakat yang diberikan kepada pengusaha aṣnāf harus dioptimalkan agar mampu memberikan pengaruh signifikan. Temuan ini memberikan rekomendasi kepada entitas pengelola zakat dan pengambil kebijakan agar mampu meningkatkan kontribusi dana zakat dalam pengentasan kemiskinan melalui program wirausaha aṣnāf. 
The Urgency of Establishing a World Class Takāful Operator in Indonesia: Reason and Concept Rahman, Wahyudin; Fatwa, Nur
Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah Vol 14, No 1 (2022)
Publisher : Faculty of Sharia and Law, UIN Syarif Hidayatullah Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/aiq.v14i1.22464

Abstract

This study analyzes the urgency of establishing a World Class Takāful Operator(WCTO), initiated by the National Committee on Islamic Finance and Economics (KNEKS). This is due to several reasons, including a deadline for work plans and the separation of Sharia Units in 2024, risk mitigation support to Bank Syariah Indonesia (BSI), preparation of the ASEAN Framework Agreement On Services (AFAS) in 2025, strengthening halal value chain and improvement of the national insurance image. Using qualitative descriptive analysis, this study recommends the ideal concept (models, mechanisms, market segmentation and distribution channels) for WCTO formation. The ideal concept for WCTO requires the combination of social and commercial insurance, consolidation with portfolio transfers, retail and corporate balance and existing distribution channels with digitalization. This finding becomes a new insight into takafful literature.  AbstrakPenelitian ini menganalisis urgensi pembentukan Class Takāful Operator (WCTO) yang telah di inisiasi Komite Nasional Keuangan dan Ekonomi Syariah (KNEKS). Hal ini karena adanya batas waktu rencana kerja dan pemisahan Unit Syariah tahun 2024, dukungan mitigasi risiko kepada Bank Syariah Indonesia (BSI), persiapan ASEAN Framework Agreement On Services (AFAS) tahun 2025, penguatan rantai nilai halal dan meningkatkan citra asuransi nasional. Dengan analisis deskriptif kualitatif, penelitian ini merekomendasikan konsep ideal (model, mekanisme, segmentasi pasar dan jalur distribusi) pembentukan WCTO. Adapun konsep ideal WCTO dilakukan dengan kombinasi asuransi sosial dan komersial, konsolidasi dengan transfer portofolio, perimbangan retail dan korporasi dan existing jalur distribusi dengan digitalisasi. 
Faith, Law, and Resilience: Crisis Management Strategies among Indonesian Muslimahpreneurs in the Post-Pandemic Era Gusniarti, Gusniarti
Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah Vol 17, No 1 (2025)
Publisher : Faculty of Sharia and Law, UIN Syarif Hidayatullah Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/aiq.v17i1.46240

Abstract

This study examines how Indonesian Muslim women entrepreneurs (Muslimahpreneurs) managed crises in the post-pandemic era through faith, legal frameworks, and resilience. Using a phenomenological approach, in-depth interviews with ten women-led MSMEs in South Tangerang reveal challenges, including limited access to Sharia-compliant financial services, shifting consumer behavior, reduced purchasing power, supply chain disruptions, technological limitations, and the dual role burden of managing households and businesses. Despite this, Muslimahpreneurs applied adaptive strategies grounded in family, ethics, and community. Their spiritual values, such as tawakkul, ṣabr, and maṣlaḥah, shaped their decisions and enhanced business resilience. This study also reveals a gap between regulatory provisions and practical accessibility. Abstrak:Penelitian ini mengkaji strategi manajemen krisis yang dijalankan oleh pelaku usaha Muslimah (Muslimahpreneur) di Indonesia di fase pemulihan pascapandemi, dengan menitikberatkan pada dimensi hukum, spiritual, dan gender. Dengan pendekatan fenomenologis, wawancara mendalam dengan sepuluh Muslimahpreneur di Tangerang Selatan mengungkap berbagai tantangan yang dihadapi, seperti keterbatasan akses layanan keuangan syariah, pergeseran perilaku konsumen, penurunan daya beli, gangguan rantai pasok, keterbatasan teknologi, serta beban ganda dalam rumah tangga dan usaha. Meski demikian, mereka menerapkan strategi adaptif yang berakar pada nilai kekeluargaan, etika, dan solidaritas komunitas. Nilai spiritual seperti tawakkul, ṣabr, dan maṣlaḥah membentuk cara pengambilan keputusan dan menguatkan ketahanan bisnis mereka. Studi ini juga mengungkap adanya kesenjangan antara ketentuan regulasi dan aksesibilitas praktis di lapangan.

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