Jurnal Ilmu Ekonomi dan Bisnis Islam

Establishing Economic Empowerment System Through Mosque Based Community

Iqbal Imari — 2025-06-30

Mosques serve not only as places of worship but also as centers for education, social cohesion, and community welfare. Despite this, their potential role in economic empowerment remains significantly underexplored. Addressing this gap, the study aims to develop a holistic, mosque-based economic empowerment model that aligns with Islamic values and responds to contemporary socioeconomic challenges. The research adopts a qualitative conceptual methodology, synthesizing insights from secondary sources including academic literature and institutional reports on Islamic finance, governance, and community development. The resulting framework is structured around five key stages: community needs assessment, resource mobilization, program development, implementation and monitoring, and long-term sustainability. Findings emphasize the integration of core Islamic principles justice, equity, participation, rewards, and mutual aid (ta’awun) within the broader dimensions of faith (iman), knowledge (‘ilm), and social action (‘amal). The study concludes that mosques can serve as dynamic hubs for inclusive economic growth when empowered with strategic planning and institutional capacity. Its contributions lie in bridging theoretical gaps in mosque-led development models and offering actionable insights for policymakers, mosque administrators, and community stakeholders. The study also highlights the need for future empirical validation to test the model’s adaptability across different cultural and institutional contexts.

Halal Industry Growth: Economic Opportunities And Challenges In Global Markets

Ririn Noviyanti — 2025-06-30

The halal industry has emerged as a significant driver of global economic growth, extending beyond food and beverages to encompass sectors such as finance, tourism, cosmetics, and pharmaceuticals. Despite its rapid expansion, academic literature remains limited in assessing the industry's comprehensive macroeconomic contributions across diverse regions. This study aims to examine the economic impact and growth dynamics of the global halal industry by identifying its most prominent sectors and emerging market opportunities. Utilizing a Systematic Literature Review (SLR) guided by the PRISMA framework, the study synthesizes findings from peer-reviewed journals, industry reports, and institutional data published between 2014 and 2024. The analysis indicates that halal food and beverages remain the dominant contributors to economic output, while halal tourism, modest fashion, cosmetics, and pharmaceuticals exhibit substantial growth potential. The industry contributes significantly to GDP, employment generation, and foreign investment, particularly in countries such as Malaysia, Indonesia, and the United Arab Emirates. However, challenges persist, including regulatory fragmentation and limited technological integration. The findings highlight the need for harmonized global halal standards, enhanced investment in infrastructure, and the adoption of digital innovations to strengthen the industry's global competitiveness. This study advances the academic discourse by offering a comprehensive economic perspective on the halal industry and provides actionable insights for policymakers, industry stakeholders, and investors.

The Role of Zakat, Economic Growth, and Human Resource Quality In Indonesian Inequality

Dharma Yanti — 2025-06-30

This study investigates the partial and simultaneous influence of Zakat, Infaq, and Sadaqah (ZIS), economic growth, and human resource quality on income inequality in Indonesia from 2013 to 2023. Addressing the research gap in prior studies that typically examined these factors in isolation, this research employs a quantitative approach using multiple linear regression analysis to evaluate annual time-series data. The independent variables include ZIS distribution, economic growth, and the Human Development Index (HDI), while the dependent variable is the Gini index. The findings reveal that individually, none of the three variables significantly affect income inequality. However, when assessed simultaneously, they exhibit a statistically significant impact, suggesting a complementary role in reducing inequality. ZIS and HDI display a negative correlation with inequality, indicating potential in mitigating disparities, while economic growth correlates positively. These results imply that zakat alone is insufficient and must be integrated with inclusive economic policies and human capital development to effectively address inequality. The study contributes to the discourse on Islamic economic instruments and offers policy insights for leveraging zakat as part of a broader socio-economic strategy.

Transforming Personal Selling Through Qur'anic Ethical Principles In Marketing Communication

Syarifuddin Syarifuddin — 2025-06-30

Personal selling plays a central role in marketing communication, particularly in building long-term relationships with customers. However, existing approaches often emphasize transactional goals over ethical engagement, creating a gap between persuasive communication theory and its practical application in the field. This study aims to address this gap by integrating Qur’anic ethical principles qaulan baligha (effective speech), qaulan layyina (gentle speech), and qaulan karima (noble speech) into personal selling strategies. Using a qualitative approach based on library research and thematic interpretation of selected Qur’anic verses, the research constructs an ethical framework for communication in marketing. The findings demonstrate that each principle offers distinct communicative value: qaulan baligha enhances clarity and emotional depth, qaulan layyina fosters empathy and polite persuasion, and qaulan karima emphasizes dignity and respect. These values are mapped systematically to the stages of the personal selling process, from prospecting to follow-up, offering a structured and ethical alternative to conventional selling tactics. The study concludes that integrating Qur’anic principles into personal selling not only improves communicative effectiveness but also aligns marketing practices with spiritual and ethical values. This contributes to the development of Islamic marketing theory and provides practical guidance for marketers seeking to build trust, customer loyalty, and sustainable business relationships rooted in ethical communication. Future research is recommended to empirically validate the proposed model across different market contexts.

Waqf and Microfinance Integration Strategy In Improving Welfare Through Community Economic Empowerment

Siti Darajatun — 2025-06-30

Poverty and economic inequality remain persistent challenges in Indonesia, particularly in underdeveloped regions. Although waqf and microfinance have individually contributed to poverty alleviation, limited studies have examined their integrated application for sustainable community empowerment. This study addresses that gap by investigating how the Al-Qur’an Waqf Agency (BWA) and the Micro Waqf Bank (BWM) integrate waqf and microfinance to improve community welfare. The objective is to analyze the strategies, outcomes, and sustainability of their programs in supporting micro and small enterprises. Using a qualitative field research method, data were collected through purposive sampling and in-depth interviews with institutional stakeholders and beneficiaries. Inductive analysis was employed to identify key themes and patterns. The findings indicate that the integration of waqf and microfinance enhances access to capital, improves financial literacy, and strengthens microenterprises, particularly in remote areas. Offline initiatives such as da’wah campaigns are complemented by digital platforms, significantly expanding outreach and public engagement. The study concludes that combining Islamic philanthropy and microfinance offers an effective model for inclusive and sustainable economic development. The implications highlight the need to strengthen digital infrastructure, enhance financial education, and foster multi-stakeholder collaboration. This research contributes to policy formulation and practical strategies for leveraging Islamic social finance to address structural poverty and build resilient local economies.

Short-Term Shocks and The Resilience of Islamic Stocks: Evidence From The Dow Jones Islamic Turkey Index

Eşref Devabe — 2025-06-30

This study examines how internal factors exchange rates, interest rates, and inflation and external variables global oil and gold prices, the 2008 financial crisis, and the COVID-19 pandemic affect the performance of Shariah-compliant stocks listed on the Dow Jones Islamic Turkey Index. Although Islamic equity markets are gaining prominence, limited research addresses their response to macroeconomic shocks, particularly in emerging economies. This study aims to fill that gap by evaluating both short-term and long-term effects of selected variables using monthly data from January 2007 to September 2024. The Autoregressive Distributed Lag (ARDL) model is employed to identify cointegration and dynamic relationships. The results indicate a long-run equilibrium among variables but show no significant long-term effects on index performance. In contrast, short-term analysis reveals that exchange rate fluctuations and the COVID-19 pandemic significantly and negatively affect Islamic stock performance, with respective impacts of 48% and up to 14%. The findings suggest that while Islamic stocks demonstrate resilience over time, they remain vulnerable to short-term shocks. This highlights the critical role of exchange rate volatility and pandemic-driven uncertainty in shaping investor confidence. The study contributes to Islamic finance literature by offering empirical insights into how macroeconomic dynamics influence Islamic stock indices and provides practical guidance for investors and policymakers aiming to enhance risk management and develop resilient investment strategies in Shariah-compliant markets.

Reconciling Scalping With Islamic Principles: A Qualitative Study on Stock Trading In Malaysia

Hanafi Nazri — 2025-06-30

Scalping, a high-frequency trading strategy characterized by rapid buy-and-sell transactions to capture small price movements, has become increasingly common in modern stock markets. Its legitimacy under Islamic commercial jurisprudence (fiqh muʿāmalāt), however, remains debated due to potential elements of maysir (gambling), gharar (excessive uncertainty), and bayʿ al-najash (deceptive bidding). Addressing the lack of focused research on this issue within Malaysia’s Islamic capital market, this study employs a qualitative descriptive approach through document analysis of classical jurisprudential texts, contemporary academic literature, and regulatory fatwas issued by recognized Shariah authorities. Using the takyīf fiqhī method, the analysis examines the ethical and legal dimensions of scalping to determine whether it conforms to Shariah principles. The findings reveal that although scalping carries speculative elements, it may be considered conditionally permissible (mubāḥ) when conducted transparently, guided by informed analysis, and devoid of manipulative intent. The study concludes that scalping is not inherently prohibited in Islam but requires ethical discipline and regulatory oversight to prevent exploitation. The research contributes to refining Shariah-compliant trading practices, offering practical implications for Muslim investors, Shariah scholars, and regulators in strengthening ethical governance within Malaysia’s dynamic Islamic financial system.