Monotheism in Every Grain: Revitalizing Islamic Ethics and Knowledge in the Peanuts Business
This research arose from the lack of studies that integrate the concept of monotheism in an applicable manner within Islamic ethical philosophy and epistemology, particularly in the context of traditional micro-business practices, namely the sale of peanuts in Indonesia. The research gap identified is a lack of understanding of how the values ​​of monotheism and Islamic ethics can concretely shape sustainability and justice in micro-scale businesses, whose moral and spiritual aspects are often neglected. The urgency of this research lies in the urgent need to strengthen the moral and epistemic foundations so that micro-entrepreneurs are able to run businesses that are not only economically profitable but also based on sharia principles and support social welfare. The main objective of the research is to examine in depth how monotheism as an epistemological and ethical foundation animates economic practices through the sale of peanuts, as well as the impact of these values ​​on economic sustainability and justice. The novelty of this research lies in the qualitative method with a critical literature review approach that connects the theory of monotheism and Islamic ethics with the dynamics of local micro-businesses, an area that still lacks scientific study. The research methodology employed a critical literature review of scientific works, documents, Islamic economic theory, and field practices to gain a holistic understanding. The results demonstrate that the comprehensive application of monotheistic values ​​in every aspect of business enhances integrity, honesty, and social justice, all of which are fundamental to business sustainability. Thus, the peanut and garlic business serves not merely as an economic activity but also as a medium for activating spiritual and social values ​​crucial to the well-being of micro-entrepreneurs and the wider community.
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Qardh Financing in Islamic Rural Banks: Misalignment, Risks, and Opportunities for Sharia-Based Inclusion
This study investigates the extent to which qardh contracts align with their normative role as benevolent financing instruments within Indonesia’s Islamic Rural Banks (Bank Pembiayaan Rakyat Syariah -BPRS). Although BPRS are mandated to promote social welfare, qardh practices often intersect with commercial objectives, prompting questions about their genuine social performance. Using a critical realism perspective, this study interprets social reality as an interaction between institutional structures and individual agency, providing a nuanced understanding of the gap between normative ideals and empirical practices. A simple mixed-methods design was applied. Quantitatively, data from 130 BPRS between 2010 and 2022 were analysed to assess the proportion and value of qardh financing and the Average Loan per Borrower (ALB) as an indicator of social depth. Qualitatively, triangulation employed annual reports, OJK Islamic Banking Statistics, fifteen Supreme Court decisions on qardh, and interviews with seven BPRS practitioners. Thematic analysis identified patterns, deviations, and institutional constraints. Results show that qardh financing accounts for a small share of total BPRS portfolios, with highly fluctuating and inconsistent disbursements over time. Nevertheless, despite the generally high ALB in qardh financing, some BPRS demonstrate relatively low ALB values, indicating that certain institutions still uphold qardh practices serving low-income clients. Qualitative evidence reveals a continuum of practices—from purely social qardh aimed at community welfare to quasi-commercial adaptations driven by liquidity pressures and profit motives—while legal case analyses expose weaknesses in contract clarity and governance. The study concludes that the ideal social performance of BPRS should reflect their foundational mission to empower rural and microenterprises and protect vulnerable groups from exploitative lending. It emphasizes the need to realign qardh implementation with its ethical and welfare-oriented essence to strengthen its role as a genuine instrument of Islamic financial inclusion.
Sinkronisasi Maqāṣid Al-Syarī‘Ah dengan Tujuan SDGs Dalam Kebijakan Ketahanan Keluarga Muslim Di Indonesia
Penelitian ini secara komprehensif menganalisis bagaimana prinsip-prinsip maqāṣid al-sharī‘ah dapat diintegrasikan dengan Tujuan Pembangunan Berkelanjutan (SDGs) dalam kerangka kebijakan ketahanan keluarga untuk keluarga Muslim di Indonesia. Integrasi kedua sistem nilai ini sangat penting, karena kebijakan keluarga nasional hingga saat ini cenderung berfokus pada aspek ekonomi dan demografi, sementara dimensi spiritual, moral, dan psikologis kesejahteraan kurang mendapat perhatian. Menggunakan pendekatan kualitatif berdasarkan penelitian perpustakaan, penelitian ini mengkaji sumber-sumber hukum Islam klasik dan kontemporer, dokumen kebijakan pemerintah, serta literatur akademik tentang pembangunan berkelanjutan. Analisis menggunakan metode deskriptif-analitis dan normatif-komparatif untuk mengidentifikasi titik-titik kesamaan antara maqāṣid al-sharī‘ah dan SDGs. Temuan menunjukkan keselarasan yang signifikan antara tujuan maqāṣid al-sharī‘ah dan SDGs, terutama dalam memberantas kemiskinan, meningkatkan pendidikan, mempromosikan kesetaraan gender, memperkuat kesehatan keluarga, dan memastikan keadilan sosial. Prinsip ḥifẓ al-dīn (pelindungan agama) dan ḥifẓ al-nafs (pelindungan kehidupan), misalnya, mendukung SDG 3 (kesehatan yang baik dan kesejahteraan) dan SDG 5 (kesetaraan gender), sementara ḥifẓ al-māl (pelindungan harta) sejalan dengan SDG 1 (tanpa kemiskinan) dan SDG 8 (pekerjaan yang layak dan pertumbuhan ekonomi). Namun, integrasi maqāṣid al-sharī‘ah ke dalam kebijakan publik masih menghadapi tantangan yang signifikan, termasuk bias sekuler dalam pembentukan kebijakan, kurangnya indikator spiritual dalam penilaian pembangunan, dan kolaborasi interdisipliner yang terbatas antara cendekiawan Islam dan pembuat kebijakan. Penelitian ini merekomendasikan model kebijakan ketahanan keluarga yang mengintegrasikan dimensi spiritual, sosial, dan ekonomi dalam kerangka berkelanjutan. Dengan menempatkan maqāṣid al-sharī‘ah sebagai landasan etis dan Tujuan Pembangunan Berkelanjutan (SDGs) sebagai panduan operasional, pengembangan keluarga Muslim di Indonesia dapat maju menuju bentuk kesejahteraan yang holistik, adil, dan berkelanjutan.
Empowerment of Muslim Youth and Women in Creative and Competitive Entrepreneurial Independence
This study aims to analyze strategies for empowering Muslim youth and women in developing independence and competitiveness through creative entrepreneurship. The study is based on the ideas of (Antonius Ary Setyawan et al., 2025), who emphasize that community empowerment is a strategic key to building sustainable local economic independence through enhancing human resource capacity, strengthening institutions, and promoting multisectoral collaboration. This principle is then applied within the socio-religious context of the Muslim community, where Islamic values serve as the foundation for shaping ethical and innovative entrepreneurial character. The research employs a qualitative descriptive approach using a literature study method that draws upon various relevant sources, including journals, research reports, and empirical data related to creative economic empowerment programs for Muslim youth and women in Indonesia. The analysis focuses on strategies, forms, and the impact of empowerment on improving independent and competitive entrepreneurial abilities. The findings show that empowerment based on Islamic values such as trustworthiness (amanah), honesty, cooperation (ta‘awun), and social responsibility can enhance the motivation and self-confidence of Muslim youth and women in managing creative enterprises. Support in the form of entrepreneurship training, digital technology mastery, and access to Sharia-based financing plays a crucial role in expanding business opportunities. Furthermore, the involvement of religious institutions, local communities, and regional governments is a key factor in the success of empowerment programs. The study concludes that the integration of spirituality, creativity, and institutional support can foster Muslim entrepreneurs who are independent, competitive, and capable of contributing to the economic development of the ummah.
Scarcity of Resources and Their Allocation in Islamic Economics: Evidence from Surah Al-Asr
The scarcity of resources, a crucial concept in conventional economics, has been a matter of debate among Muslim economists. Some of them argue that the resources available in the world are limited. Others argue that the resources provided by Allah SWT are abundant. Although studies explaining the scarcity of resources in Islam have been conducted, existing studies do not connect with the evidence found in Surah al-Asr. Imam Syafi'i stated that if Muslims contemplated the contents of this surah, its guidance would suffice them. This study aims to analyse the scarcity of resources and their allocation based on evidence found in Surah al-Asr. This study was conducted using a qualitative approach, using Surah al-Asr and its interpretation as primary data. Apart from taking the main references from tafseer books, interpretation is also carried out by involving experts in the fields of Al-Quran interpretation and economics through interviews. The results of the study show that resources are a gift from Allah SWT to humans. Surah al-Asr explains the scarcity of resources in the form of time provided by Allah SWT in this world. Limited resources need to be distributed to achieve benefits in the form of faith, good deeds and mutual assistance between economic agents. Thus, this study recommends a framework of thinking from the revelation taught by God to formulate the scarcity of resources and their allocation in the development of the Islamic economic system.
Etika Islam Sebagai Landasan Pengembangan Ekonomi Kreatif
Ekonomi kreatif merupakan salah satu sektor yang berkembang secara pesat di era digital dan globalisasi saat ini, dan mempunyai peran penting yaitu dapat menciptakan lapangan pekerjaan bagi masyarakat sehingga dapat mensejahterakan masyarakat dan memperkuat daya saing secara nasional. Namun dibalik pertumbuhannya, praktik ekonomi kreatif memiliki masalah etis seperti pembayaran upah yang tidak sesuai, eksploitasi karya dan orientasi bisnis yang mementingkan keuntungan semata. Beberapa penelitian sebelumnya menegaskan pentingnya integritas nilai etika dalam sistem ekonomi modern tetapi masih terdapat kesenjangan dalam penerapan prinsip moral berbasis Islam pada sektor ekonomi kreatif, padahal seharusnya seimbang antara inovasi dan nilai-nilai spiritual. Penelitian ini bertujuan untuk mengkaji bagaimana etika Islam dapat dijadikan sebagai acuan atau landasan pengembangan ekonomi kreatif yang berkeadilan dan berkelanjutan. Pendekatan penelitian yang digunakan yaitu kualitatif dengan metode studi literatur (studi pustaka) yang melibatkan sumber utama Al-Quran dan Hadis, sumber sekunder terkait etika bisnis dan ekonomi kreatif. Analisis dilakukan dengan menggunakan deskritif-analitis untuk menggali hubungan etika Islam seperti kejujuran, keadialan, amanah, tanggungjawab terhadap ekonomi kreatif yang berkembang saat ini. Hasil kajian ini menunjukkan bahwa penerapan etika Islam menjadikannya sebagai pedoman moral bagi pelaku usaha dan dapat mengendalikan agar tidak melakukan hal hal yang dilarang dalam Islam seperti gharar maysir. Tujuan bisnis dalam Islam bukan hanya keuntungan semata namun juga untuk kemaslahah masyarakat dan kebahagian (falah) diakhirat kelak. Dengan demikian etika Islam mampu menjadi fondasi moral dalam melakukan pengembangan ekonomi kreatif, sehingga dapat membawa keberkahan dalam kegiatan ekonomi.
Peran Kewirausahaan Kreatif dalam Pemberdayaan Perempuan, Studi Kasus UMKM Ija Pinggang, Aceh Besar
Kewirausahaan kreatif merupakan pendekatan kewirausahaan dimana memadukan kreativitas dan inovasi untuk menciptakan produk unik dan berdaya saing. Strategi ini mengubah perilaku seseorang berbisinis dengan mendayagunakan sumber daya yang tidak terbatas sebagai inti dari produk. Artikel ini menggunakan metode kualitatif dengan analisis interaktif. Model kewirausahaan kreatif sangat tepat diadopsi oleh UMKM agar dapat terus menghasilkan produk yang inovatif. UMKM juga merupakan salah satu alternatif pemberdayaan perempuan. Selain hampir setengah populasi di Indonesia merupakan perempuan. Data juga menunjukkan 64,5% pemilik UMKM ialah perempuan. Artikel ini menggunakan metode kualitatif dengan analisis interaktif. Hasil penelitian menunjukkan kewirausahaan kreatif memiliki peran yang penting dalam mengembangkan UMKM sehingga memiliki kontribusi yang berkelanjutan dalam pemberdayaan perempuan.
MODEL GREEN INOVATION STRATEGY BUMDES BERBASIS DIGITAL DALAM MEWUJUDKAN INKLUSIVITAS EKONOMI DESA
Studi ini mengeksplorasi implementasi Strategi Inovasi Hijau (SIG) pada Badan Usaha Milik Desa (BUMDes) dengan penekanan pada transformasi digital untuk mewujudkan ekonomi pedesaan yang inklusif dan berkelanjutan. Menggunakan pendekatan kualitatif dengan studi literatur dan lensa fenomenologis yang didukung oleh Penilaian Dampak Sosial (SIA), penelitian ini mengidentifikasi faktor-faktor kunci, tantangan, dan dampak potensial dari inovasi hijau-digital pada kinerja BUMDes. Temuan menunjukkan bahwa mengintegrasikan inovasi hijau dengan digitalisasi meningkatkan daya saing, memperkuat kesejahteraan masyarakat, dan meningkatkan keberlanjutan lingkungan. Namun, kendala seperti keterbatasan modal, literasi hijau yang rendah, kapasitas manajerial yang lemah, dan hambatan akses pasar tetap ada. Studi ini merekomendasikan peta jalan bagi BUMDes yang menyelaraskan alokasi pendanaan dengan model bisnis berkelanjutan, kemitraan kolaboratif, dan pengembangan kapasitas. Integrasi ini diharapkan dapat memposisikan BUMDes sebagai penggerak strategis ekonomi desa hijau dan digital.
Implementation of the Pentakelix Concept in the Development of Halal Tourism Destination (Study in Nusa Lhoknga Village)
The tourism sector is one of the sectors that plays a role in improving the national economy. In the development of halal tourism, especially halal tourist villages in Nusa Village, the synergy of the pentahelix concept is required. This study aims to understand the roles of each actor and the cooperation relations within the pentahelix in developing halal tourist villages in Nusa Village, as well as the factors that hinder this development. This research uses a qualitative method with data obtained from observations, direct interviews with informants, and documentation. The results of the study show that the cooperation relations between the pentahelix actors are not yet optimal, with both internal and external hindering factors identified. However, on the other hand, the roles of each actor in the development of Nusa Village have been very effective.
ANALISIS HASIL INVESTASI DANA HAJI BPKH UNTUK MENSUBSIDI JAMAAH PERSPEKTIF MAQASHID SYARIAH
Penggunaan hasil investasi dana haji untuk subsidi jamaah tahun berjalan menimbulkan perdebatan karena di satu sisi meringankan biaya jamaah yang berangkat, di sisi lain berpotensi mengurangi hak jamaah yang masih antri. Seharusnya nilai manfaat dikembalikan kepada pemilik dana, bukan untuk subsidi. Tujuan penelitian ini untuk memahami bagaimana hukum praktik ini menurut maqashid syariah. Penelitian ini menggunakan metode kualitatif dengan studi kepustakaan dengan pendekatan ushul fiqh menggunakan penalaran istislahi. Hasil penelitian ini menunjukkan bahwa penggunaan nilai manfaat (imbal hasil investasi dari setoran awal jamaah tunggu) untuk subsidi haji jamaah pada tahun berjalan secara maqasid syariah tidak sesuai dengan hifz mal (perlindungan harta) namun sesuai dengan hifz nafs (perlindungan jiwa), jadi mubah dengan syarat perbaikan pada transparansi penyaluran nilai manfaat ke virtual account dan adanya akad yang jelas di awal. Penggunaan hasil investasi untuk mensubsidi jamaah lain tanpa persetujuan eksplisit dan pencatatan mutasi VA yang belum transparan bertentangan dengan hifz al-mal (perlindungan harta). Sebaliknya, alokasi nilai manfaat yang dibatasi, proporsional, dan berlandaskan akad atau kebijakan transparan mendukung hifz an-nafs (perlindungan jiwa) dengan meringankan beban keuangan jamaah dan menjaga kualitas ibadah, namun tetap harus adanya jaminan untuk berangkat haji. Penggunaan nilai manfaat untuk subsidi adanya ketergantungan pada nilai manfaat, implikasi keadilan antar generasi, keseimbangan efisiensi dan Amanah. skema alternatif meliputi distribusi nilai manfaat secara proporsional, persetujuan rinci soal alokasi nilai manfaat, pemisahan dana individual dan kolektif, optimalisasi instrumen syariah dan lainnya.
Optimalisasi Potensi Ekowisata Halal Melalui Peran BUMDES Sebagai Alternatif Meningkatkan Perekonomian Masyarakat
Penelitian ini bertujuan untuk mengoptimalkan potensi ekowisata berbasis halal tourism melalui peran Badan Usaha Milik Desa (BUMDes) sebagai alternatif dalam meningkatkan perekonomian masyarakat. Urgensi penelitian ini didasarkan pada rendahnya kinerja BUMDes yang belum maksimal dalam memanfaatkan potensi pariwisata desa, padahal tren wisata halal secara global menunjukkan pertumbuhan signifikan dan menjadi segmen pasar yang menjanjikan. Indonesia, dengan mayoritas penduduk muslim, memiliki peluang besar untuk mengembangkan destinasi wisata halal yang mampu meningkatkan kesejahteraan masyarakat lokal serta memperkuat perekonomian desa secara berkelanjutan. Hasil penelitian menunjukkan bahwa optimalisasi ekowisata berbasis halal tourism melalui BUMDes dapat memberikan dampak signifikan terhadap peningkatan pendapatan masyarakat, pengurangan pengangguran, serta pemberdayaan ekonomi lokal. Penelitian ini menghasilkan model konseptual pengelolaan BUMDes wisata halal yang terintegrasi dengan potensi lokal, mencakup strategi jangka pendek (peningkatan kapasitas dan pelayanan BUMDes), jangka menengah (penguatan kelembagaan dan jejaring pemasaran), dan jangka panjang (kebijakan berkelanjutan untuk mendukung desa mandiri). Model ini diharapkan menjadi solusi atas rendahnya kontribusi BUMDes terhadap perekonomian desa serta menjadi rujukan kebijakan pengembangan pariwisata halal di daerah lain.
INTEGRATING ISLAMIC FINANCIAL PRINCIPLES INTO INVESTMENT FEASIBILITY ASSESSMENT: INSIGHTS FROM THE HALAL CREATIVE SECTOR
Investment is a key foundation for economic progress because it can stimulate the real sector, create jobs, and improve public welfare. However, traditional investments often do not comply with Islamic principles of justice and ethics, as they contain elements of usury (riba), gharar (gharar), and maysir (gambling). Therefore, the Islamic financial system offers an alternative option based on the principles of halalness, transparency, and social responsibility. The purpose of this study is to analyze the feasibility of investing in the halal creative industry according to Islamic financial principles, while simultaneously considering economic aspects and complying with sharia. The research method used is a qualitative descriptive approach using a literature review technique that examines literature on sharia economics, scientific articles, reports from Islamic financial institutions, and real-world data from the halal industry and creative economy in Indonesia. The analysis is conducted to assess the extent to which the application of sharia principles—such as the prohibition of usury (riba), gharar (gharar), and maysir (gambling)—affects the feasibility, profitability, and desirability of investing in the halal creative sector.
Menakar Potensi Ujong Blang: Analisis SWOT Dalam Mendukung Wisata Halal Lhokseumawe
Pesisir Ujong Blang merupakan salah satu destinasi wisata di kota Lhokseumawe yang memiliki potensi untuk dikembangkan sebagai kawasan wisata halal, namun belum mendapat dukungan sepenuhnya dari pemerintah setempat. Kajian terdahulu tentang pariwisata halal di Aceh lebih banyak menyoroti destinasi populer seperti Sabang dan Banda Aceh, sedangkan Ujong Blang relatif kurang mendapat perhatian ilmiah. Penelitian ini bertujuan untuk menganalisis tentang kekuatan, kelemahan, peluang dan ancaman terhadap pengembangan pesisir Ujong Blang, Kota Lhokseumawe sebagai salah satu destinasi dalam mendukung wisata halal yang diintegrasikan dengan komponen 4A (Attraction, Amenity, Accessibility, dan Ancillary Services). Metode yang digunakan adalah pendekatan kualitatif deskriptif dengan teknik pengumpulan dengan pendekatan analisis SWOT dan melalui wawancara. Hasil penelitian menunjukkan bahwa pesisir Ujong Blang sangat potensial untuk dijadikan destinasi wisata halal di Lhokseuamwe, adanya kekuatan berupa atraksi yaitu daya tarik alam dan budaya lokal seperti tarek pukat. Kelemahan yang dihadapi meliputi belum optimalnya pemanfaatan potensi tersebut. Peluang pengembangan terbuka melalui dukungan pemerintah daerah dan masyarakat. Ancaman yang dihadapi meliputi keterbatasan fasilitas musala yang belum memadai, sebgaian pelaku usaha kuliner yang belum memiliki sertifikasi halal serta belum tersedianya regulasi daerah yang mengatur secara khusus pengeloaan wisata. Dengan demikian, pesisir Ujong Blang dapat ditetapkan sebagai destinasi yang sesuai dengan konsep wisata halal, diperlukan perumusan kebijakan yang jelas dari pemerintah. Selama ini, kawasan tersebut memiliki potensi besar untuk dikembangkan sebagai destinasi wisata halal sebagaimana terlihat melalui hasil analisis SWOT yang menunjukkan adanya kekuatan dan peluang. Oleh karena itu, ke depan sangat penting bagi pemerintah daerah untuk menetapkan Ujong Blang sebagai wilayah destinasi wisata halal resmi, sehingga pengembangannya dapat lebih terarah, sesuai dengan prinsip-prinsip syariah, serta memberikan manfaat ekonomi dan sosial bagi masyarakat setempat.
POTENSI BISNIS TERHADAP KEMANDIRIAN KEBUTUHAN PANGAN SANTRI PONDOK PESANTREN NURUL JADID
Penelitian ini bertujuan untuk mengetahui bahwa pesantren pada saat ini telah banyak mengalami inovasi progres keilmuan agama ke arah pengembangan kemandirian ekonomi, pesantren membaca peluang ekonomi dan menekankan bahwa kemajuan peradaban Islam diantaranya terletak pada ekonomi. pesantren kebanyakan berdiri di pedesaan dan dihuni santri. Pesantren Nurul Jadid yang mempunyai ribuan santri setiap harinya membutuhkan pangan untuk menjaga stabilitas kesehatan santri. Keanekaragaman menu berdampak akan nominal pembiayaan jatah makanan santri, manajemen pembelian dan pembayaran santri tergolong menggunakan model tradisional yang dibebaskan di warung-warung tertentu, sehingga aliran ekonomi santri dan muara teransaksi santri tidak jelas dan hanya dinikmati pihak luar. Potensi ekonomi pangan santri Nurul Jadid diatas satu miliar dalam setiap bulannya dengan estimasi santri diatas lima ribu, hal ini hanya terletak pada teransaksi pangan primer berupa nasi, lauk dan pelengkap kebutuhan makan setiap harinya. Metode penelitian ini menggunakan pendekatan Kualitatif dengan model studi lapangan (file research), metodologi riset ini sangat sederhana dan mudah, dimulai dengan data primer yaitu interviwe dengan pengurus dan pegawai pondok pesantren Nurul Jadid, menelaah dan menganalisa data laporan perkembangan dunia bisnis Pondok Pesantren Nurul Jadid. Adapun hasil penelitian ini adalah Omzet unit Bisnis Pesantren Nurul Jadid tahun 2019 menyentuh angka 12,7 M, tahun 2020 turun pada angka 10,5 M dan pada tahun 2021 19,8 M. Kebutuhan pangan santri setiap tahunnya menyentuh angka 20 M, dengan asumsi 8 ribu santri. Omzet unit usaha Nurul Jadid setiap tahunnya adalah kabar gembira untuk kemandirian ekonomi pesantren, terlebih membantu beban kebutuhan pangan santri dan kebutuhan pesantren lainnya. Pesantren Nurul Jadid memiliki potensi besar ekonomi bisnis untuk mendongkrak ekonomi mikro, menambah lapangan pekerjaan, mengurangi angka kemiskinan dan meringankan beban ekonomi makro.
Analysis of the Relationship between Sharia Economic Principles and Online Purchase Decisions on Shopee and TikTok Shop Platforms
This study aims to analyze the relationship between the principles of Islamic economics and online purchasing decisions on the Shopee and TikTok Shop platforms among students of Islamic Economics at UIN Sultan Syarif Kasim Riau, class of 2021. The research adopts a quantitative descriptive approach with a correlational design. The population consisted of 157 students, and a purposive sampling technique was used to select 80 respondents who met the criteria of having purchased products from both platforms. Data were collected using a Likert-scale questionnaire and analyzed through validity, reliability, and normality tests, followed by Spearman rank correlation analysis. The findings indicate that the application of Sharia economic principles—which include justice (al-‘adl), honesty (al-shidq), responsibility (mas’uliyyah), transparency (tabligh), freedom of choice (ikhtiyar), and avoidance of riba—has a strong, positive, and significant relationship with online purchasing decisions. The results show that students’ purchasing behavior tends to align with Islamic economic values, reflecting ethical awareness in digital transactions. The implications of this research highlight the importance of transparency, fairness, and consumer protection to enhance trust and loyalty among Muslim consumers.
Sustainability Innovation of Productive Zakat Program for Santripreneurs: A Case Study of BAZNAS Z-Mart in Bengkulu Province
This study aims to analyze the sustainability innovation of the productive zakat program for santripreneurs through a case study of the Z-Mart program managed by BAZNAS Bengkulu Province. The research focuses on how the productive zakat empowerment model fosters economic independence, particularly among beneficiaries from the santri community. This study employs a descriptive qualitative approach with a case study method. Data were collected through in-depth interviews with seven Z-Mart beneficiaries from the santripreneur category and the Head of the Distribution and Utilization Division of BAZNAS Bengkulu. The findings reveal that the Z-Mart program serves not only as short-term economic assistance but also as a sustainable empowerment model rooted in Islamic values. The success of santripreneurs in sustaining their businesses reflects strong resilience values—such as patience, trustworthiness, cooperation, and social responsibility. Moreover, continuous mentoring and coaching provided by BAZNAS have strengthened both managerial and spiritual capacities of the beneficiaries. These findings demonstrate that santri possess great potential to manage productive zakat sustainably, making this program a promising national model for zakat-based empowerment within the pesantren ecosystem.
Assessing Virtual Market Justice: The Potential of Ihtikar and Gharar on Digital
The rapid development of the digital economy has positioned e-commerce platforms as crucial accelerators for Micro, Small, and Medium Enterprises in Indonesia, while simultaneously presenting challenges of potential market distortion mediated by dominant algorithmic power. This research aims to assess virtual market justice by analyzing the potential for ihtikar and gharar on digital platforms amidst inflation. Using a qualitative method with a library research approach, this study examines how algorithmic mechanisms can create market distortions. The research findings indicate that; virtual market justice is threatened by systematic anti-competitive practices such as algorithmic discrimination; ihtikar and gharar on digital platforms manifest as a monopoly on market access and operational uncertainty due to 'black box' mechanisms; and the digital inflation contribution is evident in how these distortionary practices exacerbate the negative impacts of inflation on MSMEs and consumers. This study concludes that there is a fundamental conflict between current platform business models and the Islamic principle of justice, thereby recommending the strengthening of the regulator's role as a form of modern hisbah.
Conditional Cash Transfer in Zakat Distribution: Model Development and Empirical Validation
Behavioural issues among asnaf contribute to persistent poverty and limit the effectiveness of zakat distribution. Adapting the globally proven Conditional Cash Transfer (CCT) model offers a structured approach to enhance its impact. This study developed, validated, and empirically tested a CCT model for zakat distribution that integrates a newly developed religious conditionality with adapted educational, health, and employment conditionalities. The instrument, comprising 66 items across six constructs, was validated through expert assessment and empirical testing involving 16 experts and 447 respondents. Content validity was strong, with a Content Validity Index (CVI) of 0.98, Kappa scores (0.87–1.00), and a Face Validity Index (FVI) of 0.97. The measurement model assessment confirmed excellent reliability and validity, with all factor loadings and Cronbach’s alpha values above 0.6, Average Variance Extracted (AVE) exceeding 0.5, and Composite Reliability (CR) above 0.7. The structural model further demonstrated the empirical robustness of the instrument, testing eight direct hypotheses—four of which were supported and two partially supported. Results revealed that the newly introduced religious conditionality had significant positive effects on human capital development in education (β = 0.124, p = 0.015) and health (β = 0.113, p = 0.021), through its direct effect on poverty reduction was not significant. Overall, this study establishes a comprehensive and empirically validated framework for conditional zakat distribution, demonstrating how integrating behavioural and religious conditionalities can promote positive behavioural change, enhance accountability, and foster sustainable empowerment—ultimately supporting poverty reduction and human capital development in line with the Sustainable Development Goals (SDGs).
SYNERGY BETWEEN SHARIA BANKING AND CREATIVE ECONOMY IN REALIZED SUSTAINABLE ECONOMIC DEVELOPMENT
The synergy between Islamic banking and the creative economy plays a strategic role in realizing sustainable economic development in Indonesia. Islamic banking, with its principles of fairness, transparency, and profit-sharing, provides ethical and inclusive financing schemes for creative economy players. Meanwhile, the creative economy sector contributes significantly to Gross Domestic Product (GDP) through innovation, job creation, and strengthening cultural and local values. This collaboration presents an economic model that is not solely profit-oriented, but also focuses on social welfare and environmental preservation. This research uses a qualitative descriptive method with a desk study approach. The results show that this synergy produces creative financing such as mudharabah, musyarakah, Islamic crowdfunding, and green financing, which support the growth of micro-enterprises and the sustainability-based creative sector. Challenges such as low Islamic financial literacy, limited product innovation, and lack of inter-institutional coordination still need to be addressed. Digital integration and strengthening the halal creative economy ecosystem are key to the future success of this synergy. Thus, collaboration between Islamic banking and the creative economy has great potential to create a just, competitive, and sustainable economy in accordance with Islamic values.
Customer Relationship Management (CRM) in Improving Customer Service for the Sustainability of Bank Syariah Indonesia
Customer loyalty is key to maintaining the sustainability of Indonesian Islamic banks. Over the past decade, Islamic banking has faced various challenges, particularly in terms of technology and service digitalization. This situation requires Indonesian Islamic banks to strengthen their Customer Relationship Management (CRM) strategies in order to maintain trust and improve service quality. Previous studies have discussed CRM in the context of banking, but they are still limited to customer loyalty without linking it to the long-term sustainability of Islamic banking. Therefore, further study is needed on the role of CRM in supporting the sustainability of Indonesian Islamic banks. The purpose of this study is to analyze the Customer Relationship Management (CRM) strategy implemented to strengthen long-term relationships with customers, improve the quality of sharia-based services, and support the sustainability of Bank Syariah Indonesia (BSI). The research method uses a qualitative approach with a literature study of scientific journals from the last 5 years, books from the last 10 years, official websites, and Bank Syariah Indonesia's annual reports. The results of this study indicate that the implementation of CRM at Bank Syariah Indonesia is carried out by strengthening digital services, improving service quality in accordance with sharia principles, and building relationships with customers. These steps have proven to be able to increase customer satisfaction and loyalty, as seen from the increasing number of digital service users and the tendency of customers to use BSI products. In 2023, there was an increase in loyal customers of around 12%, along with a growth of more than 3 million BSI Mobile users. This study confirms that the implementation of CRM is an important strategy for Bank Syariah Indonesia in maintaining customer loyalty and satisfaction while ensuring the operational sustainability of Bank Syariah Indonesia.
EMPOWERING MUSLIM YOUTH AND WOMEN IN THE CREATIVE ECONOMY: A DESCRIPTIVE ANALYSIS OF ISLAMIC-BASED ENTREPRENEURIAL DEVELOPMENT
This essay examines an Islamic-based entrepreneurial approach to empowering Muslim youth and women in the creative economy. Despite the global growth of the creative industry, Muslim interest, especially women, remains limited due to socio cultural barriers, unequal access to resources, and a lack of financial literacy. Previous studies have emphasized the importance of entrepreneurship education and digital innovation for driving inclusive economic growth, but little research has examined how Islamic ethical principles can foster sustainable and value-driven creative enterprises. Using descriptive analysis, this study examines the trends, challenges, and opportunities currently faced by Muslim youth and women entrepreneurs in Indonesia&#39;s creative economy sector.The results show that Islamic values ​​such as amanah (faith), ijtihad (effort), and ukhuwah (solidarity) can increase the motivation, innovation, and resilience of Muslim entrepreneurs. In conclusion, this article argues that encouraging Muslim youth and women to engage in Islamic entrepreneurship is not only a financial endeavor but also a spiritual movement that combines creativity, ethics, and community development.
Collaboration Between Islamic Boarding Schools and Islamic Universities in Producing Creative and Globally Competitive Talents
Amidst globalization and digital transformation, Islamic educational institutions in Aceh must implement new strategies for management and learning within the institutional system. Collaboration between Islamic boarding schools and Islamic universities is an important way to produce noble and competitive human resources throughout the world. The purpose of this study is to see how Islamic boarding schools and Islamic universities in Aceh work together to develop creative talents. In addition, this study also attempts to identify the challenges and opportunities faced today. This study uses a qualitative approach with case studies on several Islamic boarding schools. Some of them are Dayah Ruhul Islam Anak Bangsa Aceh Besar and Dayah MUDI Samalanga, which collaborate with UIN Ar-Raniry Banda Aceh and IAIN Lhokseumawe. The results of the study show that this collaboration has created an integrated education model between tafaqquh fiddin (deepening religious knowledge) and the development of contemporary skills such as entrepreneurship, digital skills, and foreign language proficiency. The development of pesantren-based creative economy, digital business training, and exchange programs for santri students to Islamic educational institutions abroad are some of the flagship programs resulting from this collaboration. However, there are still several obstacles. These include limited technological infrastructure in Islamic boarding schools, differences in management systems between Islamic boarding schools and universities, and a lack of regional policy support for collaborative funding. According to this study, the integration of Islamic boarding schools and Islamic universities in Aceh has become an important foundation for producing a young generation that is innovative, flexible, and competitive worldwide without compromising Islamic values. This collaboration shows that Islamic boarding schools are not only places for teaching religious knowledge, but also catalysts for social and economic progress among the people. As a result, to strengthen the position of Islamic education in Aceh at the national and international levels, local governments and Islamic philanthropic institutions must help expand the network of collaboration between Islamic boarding schools and universities.
SHARIA-COMPLIANT BUSINESS MODELS AND HALAL CERTIFICATION IN THE CREATIVE ECONOMY: ETHICAL AND SUSTAINABLE PERSPECTIVES
This study aims to analyze the relationship between the sharia business model and halal certification in the development of the creative economy from the perspective of ethics and sustainability. The rapid growth of the creative economy in Indonesia shows great potential in driving innovation and improving community welfare. However, on the other hand, there are still challenges in ensuring that all production and distribution activities are in accordance with sharia principles that emphasize justice, honesty, and social responsibility. Therefore, the application of the sharia business model is needed to bridge economic innovation with Islamic values, while halal certification is an important instrument in maintaining integrity and consumer trust.The research method used was descriptive qualitative with a literature analysis approach and a review of relevant policy documents. Data was obtained from academic sources and national regulations discussing the implementation of sharia principles and the role of halal certification in the creative sector. The results show that the integration of the sharia business model with halal certification can increase competitive advantage, expand global market access, and strengthen the ethical commitment of creative business actors. Halal certification not only functions as a religious marker but also as a guarantee of quality and a symbol of business sustainability oriented towards halalan tayyiban.This study concludes that the application of sharia values in the creative economy can create a balance between economic, social, and environmental aspects. Thus, sharia business models and halal certification can serve as an ethical and strategic foundation in building a creative economic ecosystem that is inclusive, globally competitive, and sustainable in accordance with the principles of Maqashid al-Shariah.
Entrepreneurship, Innovation, and Case Studies of Islamic Creative Startups
Research on innovation and entrepreneurship has largely been conducted within the context of conventional economics, where the primary focus is on creating competitive advantage and value based on technology. However, there has been little in-depth research on how Islamic principles are applied in modern entrepreneurship, particularly Islamic creative startups. Research on the relationship between Sharia values, innovation, and the dynamics of creative businesses in the digital era is urgently needed because of this discrepancy. This study aims to examine the application of Islamic entrepreneurial values ​​to innovation by Islamic-based creative startups and to identify ways to support business sustainability while adhering to Sharia principles. This research employed a qualitative methodology, and case studies were conducted on several Islamic creative startups in Indonesia. These startups included the Muslim fashion industry, halal apps, and Islamic digital content. Observations, in-depth interviews, and documentation analysis complemented the data collection. Furthermore, the Miles &amp; Huberman interactive analysis model was used to process the data. The research findings show that creative Islamic startups, emphasizing halal (permissible), fairness, and social responsibility, can combine spiritual values ​​and business innovation through a values-based entrepreneurship concept. Limited capital and digital literacy are key challenges, but there are ample opportunities for growth as public awareness of the halal economy grows. This study adds to the literature on Islamic entrepreneurship and provides practical implications for business actors, Islamic financial institutions, and lawmakers in supporting a sustainable Islamic startup ecosystem.
COOPERATION IN THE DEVELOPMENT OF HALAL STANDARDIZATION WITHIN THE FRAMEWORK OF MUTUAL RECOGNITION AGREEMENT (MRA) BETWEEN INDONESIA AND FOREIGN HALAL INSTITUTIONS
The issue of harmonizing halal standards is becoming increasingly important as international trade in halal products increases. Indonesia, as a predominantly Muslim country, faces challenges due to the lack of uniform global halal standards. This fragmentation creates non-tariff barriers, particularly for halal products from the MSME sector, which frequently require re-certification in export destination countries. This study aims to analyze Indonesia's strategy in addressing these challenges through international cooperation in the form of a Mutual Recognition Agreement (MRA) between the Halal Product Assurance Agency (BPJPH) and foreign halal certification institutions. The approach used is descriptive qualitative, with perspectives from economic diplomacy and international cooperation theory, through analysis of documents and policy data. The study results indicate that the MRA is a crucial instrument in expanding recognition of Indonesian halal certification and strengthening the export competitiveness of halal products. Furthermore, this collaboration also contributes to the capacity building of national halal institutions through competency enhancement, knowledge transfer, and strengthening international networks. Overall, these efforts demonstrate Indonesia's shift from a recipient of standards to an actor contributing to the formation of inclusive and credible global halal governance.
Building a Halal Creative Economy Through Sharia Investment
Social change, technological advancement, and the dynamics of human needs have driven the emergence of the creative economy as the fourth wave of the global economy, as stated by Howkins. In Indonesia, the halal creative economy sector covering modest fashion, halal culinary industries, digital content, and Muslim-friendly tourism has become an essential pillar of innovation-driven and culturally rooted economic growth. Previous studies have shown the potential of this sector in promoting inclusive development; however, several limitations persist, including limited access to Sharia-compliant financing, the complexity of halal certification, low Islamic financial literacy, and weak institutional synergy. This study aims to analyze the role of Sharia investment in strengthening the halal creative economy ecosystem through real-sector-based financing approaches such as mudharabah and musyarakah. The research method employs a literature review approach using national journal publications from the last five years that discuss the relationship between Islamic finance and creative entrepreneurship development. The findings indicate that innovative instruments such as micro-sukuk, Sharia venture capital, and simplified profit-sharing schemes have significant potential to expand capital access for creative MSMEs. Moreover, integrated assistance programs including digital marketing training, halal management, and inter-institutional collaboration can accelerate the integration of this sector into global value chains. This study highlights the importance of public policies that support regulatory harmonization, digitalization of halal certification, and incentives for Sharia investors to create an inclusive and sustainable halal creative economy ecosystem in Indonesia.
Investment Trends Among Young People Fear Of Missing Out vs Herd Behavior
The investment phenomenon among young people is currently trending. Data on capital market investors in Indonesia increased by 17.6 million Single Investor Identification (SID) data for stocks as of August 8, 2025. Data as of April 2025 showed that >54% of total retail investors in the capital market were under 30 years old. This demonstrates that today's youth are not only technology users but also active investors. Unfortunately, some data shows that young people enter the investment world simply because of FOMO (following the crowd), thus not understanding the risks and being unprepared to accept the risk of loss. In fact, investors generally choose investments because of the potential for profit and low risk. This gap between theory and practice is what motivated researchers to conduct this study. This study aims to examine the factors that drive young people to invest simply because of FOMO (following the crowd). The purpose of this study is to identify young people's motivations for investing and analyze the influence of FOMO and follow-the-crowd behavior on investment trends. The methodology used is qualitative and quantitative research (mixed methods). Data collection techniques used digital questionnaires and interviews. The results show that formal education is the driving factor for investment decisions. Education is the most dominant factor influencing students' investments, at 96.6%. FOMO analysis is relatively low at 3.4%, and peer/environmental influence (following the crowd) is at 3.4%. Today's young people are highly motivated to invest, one of which is to achieve financial freedom. This factor is also driven by the university's active education through seminars, which directly invite experts in the financial sector. Furthermore, the Stock Investment Gallery and capital market school groups facilitate students' quick and accurate access to information based on real- world experience.
Analysis Of The Suitability Of The Halal Product Assurance System Criteria In Improving Product Quality
Halal-certified products can increase consumer confidence and competitiveness, but in practice, there are issues with the use of old halal logos and the repeated use of jars for packaging SDR bakery products. The purpose of this study is to analyze the application of halal product assurance system criteria in the SDR bakery business. This study is a field study with a qualitative approach. The data sources used are primary data from informants and secondary data from articles related to the halal product assurance system. The data collection techniques in this study include observation, in-depth interviews with informants, and documentation. The data analysis process consists of three stages: data reduction, data display, and conclusion drawing. The results of the study show that the SDR Bakery has implemented the Halal Product Assurance System (SJPH) well, including a strong commitment through halal certification from the Indonesian Ulema Council (MUI), the use of halal-certified raw materials, and control of production process hygiene to prevent contamination with haram ingredients. The product name, logo, and packaging comply with halal requirements, although the halal logo needs to be updated. The Halal Product Assurance System (SJPH) has improved the quality of SDR bread and made it more acceptable to the community. Quality monitoring is carried out routinely through internal controls, but external audits need to be more consistent. This study is expected to serve as a recommendation for similar businesses to improve product quality through a halal product assurance system, thereby increasing consumer confidence in the product.
The Influence of Serambi Mekkah City and Halal Tourism on Visiting Decisions in Banda Aceh City
City Branding is one of the urban marketing strategies that plays an important role in attracting tourists, especially in the context of developing halal tourism Banda Aceh City, known as the Veranda of Mecca (Serambi Mekkah), has great potential as a halal tourism destination aligned with Islamic values. This study aims to analyze the influence of Serambi Mekkah City Branding and Halal Tourism on tourists’ visiting decisions to Province Aceh. This research employs a quantitative approach using multiple linear regression analysis. Data were collected from 100 respondents 40 through direct questionnaire distribution and 60 through online surveys using purposive sampling techniques.The results show that City Branding has a positive and significant effect on visiting decisions. Halal Tourism also has a positive and significant effect on visiting decisions. Simultaneously, both variables significantly influence visiting decisions with a contribution of 50.2%, while the remaining percentage is influenced by other factors outside the scope of this research model.
THE ROLE OF SHARIA FINTECH IN SUPPORTING MSME FINANCING HALAL CREATIVES IN INDONESIA
The development of Sharia-compliant fintech in Indonesia is growing rapidly and has significant potential to support financing for the halal creative economy sector. Several previous studies have highlighted fintech's role in financial inclusion, but few have specifically addressed its contribution to halal creative MSMEs. This study aims to analyze how Islamic fintech helps expand access to capital for creative entrepreneurs based on Islamic values. The approach used was descriptive qualitative, through a literature review and observations of MSMEs using Sharia-compliant fintech platforms such as BSI Mobile, Ammana, and Ethis. The analysis showed that Sharia-compliant fintech platforms are capable of providing easier, more transparent, and usury-free financing. In addition to accelerating business growth, the existence of Islamic fintech also contributes to the achievement of Sustainable Development Goals (SDG 8) through empowering a just and sustainable halal economy in Indonesia.
Mudharabah and Musyarakah Contracts in Islamic Banking (A Concept and Practice)
This research is crucial for understanding the application of these two contracts in a modern and practical financial context, particularly within the Islamic banking system. Mudharabah and Musyarakah are two forms of investment cooperation in the Islamic economy that emphasize the principles of profit-sharing and fairness, while avoiding usury and uncertainty (gharar). This study employed a qualitative descriptive method with a phenomenological approach. Data collection was conducted through library research, involving various sources such as books, journals, scientific articles, and official documents related to Islamic economics and banking. The main focus of this research is to examine the implementation of Mudharabah and Musyarakah contracts in Islamic financial institutions, and to assess their effectiveness as a fair and sustainable financing alternative. Mudharabah contracts involve cooperation between capital owners (shahibul maal) and business managers (mudharib), where profits are shared according to agreement, while losses are borne by the capital owner as long as they are not due to the manager's negligence. Meanwhile, Musyarakah contracts are a form of cooperation between two or more parties, each contributing capital, with profits shared according to agreement and losses borne in proportion to the capital. The conclusion is that Mudharabah and Musyarakah contracts are two important instruments in Islamic economics, offering alternative profit-sharing-based financing. Both contracts have a strong legal basis in the Quran and Hadith and have been widely implemented in Islamic banking. However, challenges remain in their implementation, such as limited public understanding and inadequate outreach from banks. Therefore, through intensive education and adequate regulatory support, it is hoped that the public will better understand and utilize these two contracts to encourage sustainable and equitable economic growth and strengthen the Islamic financial system in Indonesia.
PAYLATER TRANSACTIONS IN THE REVIEW OF FIQH MUAMALAH (BETWEEN FINANCIAL CONVENIENCE AND THE POTENTIAL FOR RIBA)
This research aims to provide the public with insights into using the financial system, specifically paylater, which is often offered by e-commerce products. By understanding the laws and system of paylater, it is hoped that users will use the system wisely and with sufficient knowledge. This research aims to provide the public with insights into the financial system based on the digital technology of Paylater, which is commonly used in e-commerce transactions, without intending to disparage or harm any party. This study uses the literature review method, primarily focusing on classical and contemporary works of fiqh muamalah, financial authorities such as DSN-MUI and OJK, and academic discourse on the development of financial technology for its literature review. The findings of this study indicate and confirm that the Paylater practice has significant potential to contain elements of usury and contractual uncertainty that are contrary to Sharia principles. However, with proper contract reconstruction and strict Sharia supervision, this service can be adapted to Islamic teachings. It is hoped that this research will be an important reference for users, regulators, and business practitioners, especially in designing economically efficient digital financing schemes that are in accordance with the limitations of Islamic law.
Reinterpreting Islamic Ethics for Sustainable Islamic Finance and Creative Economy Development in Muslim Countries
Two other fast-growing spheres in most Muslim countries, which lie under the ethical radar of sustainability, are Islamic finance and creative economy. The available literature relies largely on financial tools and regulations, with the concept of how the Islamic ethical principles can help steer sustainable economic growth having a knowledge gap. This paper redefines Islamic ethics to enable Islamic finance and the creative economy to become stronger through providing an ethical perspective of bringing the two emerging fields together. It analyses classical Islamic literature sources such as the Quran, Hadith, and the writings of moral scientists and modern discourse on Islamic economics and creative industry through a qualitative text analysis. The paper finds essential ethical standards of adl (justice), amanah (trustworthiness), and ihsan (excellence), and puts their application to contemporary financial and creative procedures into perspective. Results demonstrate that the implementation of the values leads to greater accountability, innovativeness, and social inclusion, which facilitates financial security and cultural sustainability. The paper connects Islamic ethics with sustainability models, which offer a fresh insight into the way moral grounds can be used to ensure inclusive and sustainable economic development among Muslim nations.
Women's Empowerment through Islamic Investment Trends: A Maqashid al-Shariah and SDGs Perspective
Empowering women through Islamic investment is a strategic issue in integrating the values of maqasid al-shariah with the sustainable development goals (SDGs). The background of this research is based on the increasing trend of women's involvement in the Islamic financial sector, both as investors, managers, and beneficiaries, which has the potential to make significant contributions to economic growth and social sustainability. The purpose of this research is to examine the strategic role of women in Islamic investment trends and to assess the extent to which these activities are aligned with maqasid al-shariah and relevant to achieving the SDGs. This research uses an empirical approach with a qualitative case study method, involving in-depth interviews and open-ended questionnaires distributed to female investors in Islamic financial instruments, including sukuk, Islamic mutual funds, Islamic fintech, and Sharia-based cooperatives. Data were analyzed using thematic analysis techniques to identify patterns in women's experiences, motivations, and challenges in Islamic investment. The results show that women's involvement in Islamic investment is driven not only by economic motivations, but also by spiritual values and social concerns. Islamic investment has been proven to contribute to wealth protection (hifz al-mal), family sustainability (hifz al-nasl), and community welfare, thus being relevant to the principles of maqasid al-shariah. Furthermore, the role of women in Islamic investment supports SDG 5 (gender equality), SDG 8 (inclusive economic growth), and SDG 10 (reduced inequality). The conclusion of this study confirms that women are crucial actors in the Islamic investment ecosystem, capable of creating synergy between sharia goals and sustainable development. These findings recommend the need for public. policy support, strengthening sharia financial literacy, and developing a gender- friendly digital ecosystem to expand women's participation in Islamic investment.
Islamic Entrepreneurship and Innovation in Indonesia: Models for Ethical and Sustainable Development
Entrepreneurship and innovation have become central to economic development in both conventional and Islamic perspectives. In Indonesia, the rise of Islamic creative startups signifies a transformation in how entrepreneurship is practiced, merging ethical values with technological progress. This paper explores the theoretical intersections of entrepreneurship and innovation through an Islamic lens, focusing on selected Indonesian creative startups that apply Islamic values in business operations. Drawing from literature analysis and case studies such as HijUp, PT Badr Interactive, and pesantren-based creative enterprises, the paper highlights how Islamic ethics shape innovative processes, governance, and market strategies. The study demonstrates that value-based entrepreneurship rooted in maqasid al-shariah principles justice, welfare, and balance can sustain both economic growth and spiritual fulfillment. The findings emphasize that integrating faith, creativity, and innovation provides a model for sustainable entrepreneurship in Muslim-majority contexts.
THE ROLE OF HALAL CERTIFICATION IN BUILDING THE IDENTITY OF SHARIA BUSINESSES IN THE CREATIVE INDUSTRY: A CASE STUDY OF WARDAH
The expansion of Indonesia's creative sector demonstrates the importance of moral and spiritual principles in contemporary branding tactics. A company's identity and moral reputation can be shaped by its halal certification, which also indicates adherence to sharia law. Using the cosmetics company Wardah as a case study, this research attempts to examine how halal certification contributes to the development of a sharia business identity in the creative sector. Through literature analysis from scholarly publications, government agency papers, and official company sources, an exploratory qualitative research methodology is employed. The findings demonstrate that halal certification has a strategic role in boosting brand loyalty, bolstering consumer trust, and promoting spiritual values in the marketing and production processes. Wardah has successfully combined the concepts of halalan thayyiban into creative inventions without disregarding current aesthetics, so striking a balance between piety and creativity. These results demonstrate that in the Islamic value-based creative economy, halal certification has a dual function as a legal requirement and a representation of sustainable corporate identity and moral capital.
Legality of Halal Certification for Imported Food and Beverage Products
Imported food and beverage products entering Indonesia are mandatorily required to comply with halal certification provisions in accordance with prevailing laws and regulations. This is important considering that Indonesia is a country with a Muslim majority population who need assurance regarding the halal status of the products they consume. The method used is normative-juridical with a statutory and analytical approach, utilizing secondary data sources that are analyzed descriptively-qualitatively. The research results indicate that foreign halal certificates are not automatically recognized; recognition is only valid if the foreign halal body has established a mutual recognition cooperation with the Halal Product Assurance Agency (BPJPH). Business actors are obliged to register the certificate with BPJPH to obtain a Registration ID Number and to affix the national halal label before the product can be legally distributed. However, implementation in the field has not been effective. Although many products have followed the procedures, there are still imported products found circulating without official BPJPH registration and violating the Standard Operating Procedures (SOP), which suggests a lack of transparency from business actors in the certification process.
THE IMPACT OF NEW TECHNOLOGY ON THE DIGITAL ECONOMY AND ETHICAL CHALLENGES IN THE AGE OF ARTIFICIAL INTELLIGENCE
The rapid development of new technologies such as Artificial Intelligence (AI), big data, and automation has changed the structure of the digital economy in Indonesia. These innovations have driven increased productivity, efficiency, and innovation in various sectors, but have also given rise to complex ethical and regulatory challenges. This study aims to analyze the economic and ethical impacts of AI implementation in Indonesia's digital ecosystem and identify strategies for building an ethical and sustainable digital economy. Using a qualitative approach through literature review, this study combines findings from various national and international journals, institutional reports, and policy documents related to AI governance and digital transformation. The results show that although AI contributes to accelerating Indonesia's economic growth, its implementation also raises issues such as algorithmic bias, data privacy violations, and technological access inequality. This study emphasizes the importance of strengthening the regulatory framework, improving digital ethics literacy, and collaboration between the government, the private sector, academics, and the community. In addition, sustainable digital economic development needs to be based on the application of ethical principles such as transparency, accountability, fairness, and environmental responsibility in every technological innovation process. This research contributes to the development of responsible innovation discourse by proposing a governance model that balances technological progress with social and moral responsibility. With this approach, Indonesia has the potential to become a pioneer in Southeast Asia in building an inclusive, ethical, and sustainable digital economy.
STRENGTHENING MUSLIM WOMEN AND YOUTH PARTICIPATION IN CREATIVE INDUSTRIES: A SUSTAINABLE DEVELOPMENT APPROACH THROUGH FEBI MART UIN SYEKH WASIL KEDIRI
This study examines the role of FEBI Mart at UIN Syekh Wasil Kediri as a platform for empowering Muslim women and youth in creative entrepreneurship within the framework of Sustainable Development Goals (SDGs), particularly Goal 5 (Gender Equality) and Goal 8 (Decent Work and Economic Growth). The research employs a qualitative descriptive approach with data collected through observation, interviews, and documentation. The findings reveal that FEBI Mart serves as a practical learning hub that integrates Islamic values, business ethics, and creative industry practices. It provides entrepreneurial training, product innovation workshops, and digital marketing assistance aimed at enhancing self-reliance and economic participation among students and the local community. The initiative also fosters an inclusive entrepreneurial ecosystem that supports women-led microenterprises and youth-driven creative projects. Through this model, FEBI Mart contributes not only to local economic development but also to the realization of sustainable and equitable growth based on Islamic ethical principles. The study concludes that integrating academic, entrepreneurial, and community-based initiatives in Islamic higher education institutions can be an effective strategy to strengthen participation, innovation, and sustainability in Muslim entrepreneurship.
Failed Fuel Subsidies: A Review of Maqashid Syariah and SDG’s
Fuel subsidies are often implemented by governments with the noble aim of protecting people's purchasing power and stimulating the economy. However, in practice these subsidies are often misdirected. The benefits are enjoyed more by the wealthy than by the poor, who should be the main priority. This study aims to analyze the problem of misdirected fuel subsidies through a dual perspective, namely Maqashid Syariah and Sustainable Development Goals. The method used in writing this research is qualitative with a literature review approach. The data was analyzed descriptively with reference to the core concept of Maqshid Syariah. Specifically, the five basic principles of protection: religion, life, intellect, lineage, and property. It also refers to relevant SDG’s principles such as Poverty Eradication, Affordable and Clean Energy, Inclusive Economic Growth, and Reduced Inequalities. The results of the study show that fuel subsidies that miss the mark are in fact, contrary to the spirit of Maqshid Syariah. Instead of protecting the property of the people fairly, this program creates wasteful state spending that is detrimental, benefits only an elite group, and widens the gap. Thus, it fails to achieve justice. Similarly, from an SDG’s perspective, this program hinders the achievement of several goals, such as energy market distortion, transition to sustainable energy, and the allocation of funds that should be allocated to more targeted poverty alleviation and education programs. This study emphasizes that the conventional fuel subsidy program, which is not targeted appropriately, is not in line with the principles of justice and universal benefit that form the main foundation of Maqashid Syariah and SDG’s.
THE ROLE OF ENVIRONMENTAL DYNAMISM AS A MEDIATOR OF THE RELATIONSHIP BETWEEN FINANCIAL TECHNOLOGY AND MSME INCOME
MSMEs, as the most important sector in GDP, still experience obstacles in their development, including limited skills and digital literacy capabilities for MSME actors that hinder business operational aspects Second, many MSMEs have not been able to prepare financial statements digitally, reducing accountability and weakening their position in obtaining capital loans. Third, MSME actors have difficulty meeting product standards for digital-based exports, despite the great potential of the digital economy. This is the reason for the need to improve financial literacy, digital marketing, financial technology and financial inclusion. This study aims to examine more deeply the influence of digital marketing, financial literacy, financial technology, and financial inclusion on increasing MSME income in Salatiga City. And how the role of environment dynamics in strengthening independent variables against dependent variables. This study uses a two-analysis approach, namely multiple linear regression and Moderated Regression Analysis (MRA) with a total of 400 respondents from MSME actors in Salatiga City. The sampling technique uses the probability sampling technique. Data was obtained through the distribution of questionnaires with a likert scale. Based on the findings of previous research, the factors that affect the increase in MSME income include financial literacy, digital marketing, financial technology and financial inclusion.
Optimizing Risk Management in Islamic Banks through the Maqasid Syariah Principle in Supporting Sustainable Economic Growth
This study aims to analyze how the principles of Maqasid Syariah can be used as a strategic framework in optimizing risk management in Islamic banks, in order to support sustainable economic growth that is inclusive, equitable, and in line with Islamic values. Using a qualitative approach and in-depth literature analysis, this study shows that Maqasid Syariah-which includes the protection of religion, life, mind, descendants, and property-provides a strong moral and philosophical foundation for designing a risk management system that is not only technically efficient, but also socially and environmentally responsible. Through the integration of Maqasid Syariah principles in the process of identifying, evaluating, mitigating, and monitoring risks, Islamic banks can move away from an excessive decommercialization approach and instead build a more balanced financial ecosystem. The study highlights the importance of the "5C" approach (Character, Capacity, Capital, Collateral, Conditions) enriched with ethical and general welfare (maslahah) dimensions, as well as the role of Islamic Corporate Governance (ICG) and Islamic Intellectual Capital in optimizing risk management holistically. The results of the study show that the application of Maqasid Syariah in risk management consistently supports economic sustainability, encourages compliance with sharia principles, while strengthening customer and stakeholder trust. Case studies from institutions such as Bank Syariah Indonesia (BSI) and Bank Mega Syariah demonstrate that this approach is able to create synergy between business growth, social good, and environmental protection — key values in sustainable development.