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 722 Documents
The Ambiguity of the DSN-MUI Vis-à-Vis Banking Regulations: A Critique of the Existence of Fatwas and the Institutional System in Indonesia Shaifurrokhman Mahfudz; Shofi Arofatul Marits; Ahmad Dahlan; Moch Taufik Harno
Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah Vol. 18 No. 1 (2026)
Publisher : UNIVERSITAS ISLAM NEGERI SYARIF HIDAYATULLAH JAKARTA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/aiq.v18i1.53110

Abstract

This study critically analyzes the regulatory and institutional frameworks that govern the issuance and enforcement of financial fatwas in Indonesia's Islamic finance industry. The study focuses on the central role of the DSN-MUI, which provides religious legitimacy and technical guidance on Sharia compliance for Islamic Financial Institutions. Drawing on doctrinal legal analysis of legal, institutional, and regulatory documents, this study identifies a complex regulatory framework governing the DSN-MUI. These findings show that although DSN-MUI operates as a quasi-autonomous civil society body, DSN-MUI remains closely related to and influenced by state institutions. This relationship allows government authorities to selectively transform DSN-MUI fatwas—initially consultative and non-binding—into legally enforceable regulations. Although this mechanism allows the state to leverage DSN-MUI's religious legitimacy, it also raises concerns about institutional autonomy and potential political intervention. The study argues that this institutional ambiguity is a significant systemic weakness that could jeopardize the long-term independence of DSN-MUI and the integrity of Indonesia's Sharia compliance framework. This article concludes by recommending structural and legislative reforms to clarify DSN-MUI's mandate and strengthen the resilience of Indonesia's Sharia governance system.   Abstrak  Studi ini secara kritis menganalisis kerangka peraturan dan kelembagaan yang mengatur penerbitan dan penegakan fatwa keuangan di industri keuangan syariah Indonesia. Studi ini berfokus pada peran sentral DSN-MUI, yang memberikan legitimasi agama dan bimbingan teknis tentang kepatuhan Syariah untuk Lembaga Keuangan Islam. Dengan menggunakan analisis hukum doktrinal terhadap dokumen hukum, kelembagaan, dan regulasi, penelitian ini mengidentifikasi kerangka regulasi yang kompleks yang mengatur DSN-MUI. Temuan ini menunjukkan bahwa meskipun DSN-MUI beroperasi sebagai badan masyarakat sipil kuasi-otonom, DSN-MUI tetap terkait erat dan dipengaruhi oleh lembaga negara. Hubungan ini memungkinkan otoritas pemerintah untuk secara selektif mengubah fatwa DSN-MUI—awalnya konsultatif dan tidak mengikat—menjadi peraturan yang dapat ditegakkan secara hukum. Meskipun mekanisme ini memungkinkan negara untuk memanfaatkan legitimasi agama DSN-MUI, mekanisme ini secara bersamaan menimbulkan kekhawatiran mengenai otonomi kelembagaan dan potensi intervensi politik. Studi ini berpendapat bahwa ambiguitas kelembagaan semacam itu merupakan kelemahan sistemik yang signifikan yang dapat membahayakan independensi jangka panjang DSN-MUI dan integritas kerangka kerja kepatuhan Syariah Indonesia. Pasal ini diakhiri dengan merekomendasikan reformasi struktural dan legislatif untuk memperjelas mandat DSN-MUI dan memperkuat ketahanan sistem tata kelola Syariah Indonesia.
Dynamics of Halal Tourism Policy in Muslim- and Muslim-Minority Countries Tarmidzi; Mohammad Fateh; Shofian Bin Ahmad; Heris Suhendar; Khairul Anwar
Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah Vol. 18 No. 1 (2026)
Publisher : UNIVERSITAS ISLAM NEGERI SYARIF HIDAYATULLAH JAKARTA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/aiq.v18i1.53308

Abstract

This study analyzes and compares the formulation and implementation of halal tourism policies in Indonesia, Malaysia, and Cambodia using public policy analysis. The analysis combines Kingdon’s Multiple Streams Framework, Dror’s policy-making models, and the implementation framework developed by Mazmanian and Sabatier with concepts from Islamic law. The study draws on data from document analysis, interviews, and comparative policy review. The findings indicate that Indonesia adopts a decentralized halal tourism governance model characterized by multiple regulatory and institutional actors. By comparison, Malaysia implements a centralized model under JAKIM that enables stronger institutionalization of Islamic legal principles, greater legal certainty (al-yaqin), and greater consistency in halal standards and less uncertainty about halal compliance. Cambodia, by contrast, applies a Muslim-friendly tourism approach which, from the perspective of fiqh mu’amalat, may be understood as a form of rukhshah at the level of hajiyyat, providing essential religious accommodation in a Muslim-minority context. The article interprets these differences as reflecting varying degrees of institutional capacity and different ways of translating Islamic legal principles into public policy. The study contributes to interdisciplinary debates by bringing public policy analysis into dialogue with siyāsah sharʿiyyah, taqnīn al-aḥkām, fiqh muʿāmalāt, and maqāṣid al-sharīʿah.   Abstrak Penelitian ini menganalisis perumusan dan implementasi kebijakan pariwisata halal di Indonesia, Malaysia, dan Kamboja melalui pendekatan kebijakan publik yang mengintegrasikan Multiple Streams Framework dari Kingdon, model pembuatan kebijakan Dror, kerangka implementasi Mazmanian dan Sabatier, serta konsep hukum Islam. Data diperoleh melalui analisis dokumen, wawancara, dan tinjauan kebijakan komparatif. Hasil penelitian menunjukkan bahwa Indonesia menerapkan tata kelola desentralistis dengan beragam aktor regulasi dan kelembagaan, sedangkan Malaysia mengadopsi model terpusat di bawah JAKIM yang mendukung pelembagaan prinsip hukum Islam, kepastian hukum (al-yaqin), dan konsistensi standar halal. Sementara itu, Kamboja mengembangkan pariwisata ramah Muslim yang, dalam perspektif fiqh mu’amalat, merepresentasikan rukhshah pada tingkat hajiyyat untuk mengakomodasi kebutuhan keagamaan esensial minoritas Muslim. Perbedaan tersebut mencerminkan variasi kapasitas kelembagaan dan penerjemahan prinsip hukum Islam ke dalam kebijakan publik. Penelitian ini berkontribusi pada kajian interdisipliner dengan menghubungkan analisis kebijakan publik dan konsep siyāsah sharʿiyyah, taqnīn al-aḥkām, fiqh muʿāmalāt, serta maqāṣid al-sharīʿah

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