Lan Tabur: JURNAL EKONOMI SYARIAH

Islamic Wealth Management as a Framework for Micro and Small Enterprise Sustainability

2026-05-05T08:09:37+00:00

Introduction: Micro and small enterprises (MSEs) in Muslim-majority countries face sustainability challenges amid economic instability and post-pandemic pressures. Conventional frameworks emphasize profit maximization but often overlook ethical and spiritual dimensions integral to Islamic values. This study develops Islamic Wealth Management (IWM) as a comprehensive framework for MSE sustainability through authentic Islamic principles.

Methods: This exploratory study employs qualitative library research, analyzing classical Islamic texts, contemporary Islamic financial practices, and academic literature using content analysis techniques.

Results: Five core IWM aspects (wealth creation, accumulation, protection, purification, distribution) form an integrated system supporting MSE sustainability across economic, social, and spiritual dimensions. This creates a sharia-based circular economy where wealth distribution becomes wealth creation, embodying Qur'anic principles of equitable circulation.

Conclusion and suggestion: IWM provides a viable alternative to conventional sustainability models. Future research should develop measurement instruments for spiritual sustainability and examine institutional ecosystems required for effective implementation.

What Drives Participation in Online Cash Waqf? Integrating Religious, Social, and Technological Factors

2026-05-05T08:09:37+00:00

Online cash waqf has grown rapidly alongside the digitalization of Islamic philanthropy in Indonesia; however, public literacy, awareness, and participation remain relatively low compared to its national potential. This study positions itself within the behavioral and Islamic finance literature by examining key determinants of individuals’ intention to participate in online cash waqf. Specifically, it investigates the effects of religious motivation, Islamic financial literacy, subjective norm, awareness, and perceived ease of use. Employing a quantitative approach, this study analyzes survey data from 150 Indonesian Muslim respondents using Partial Least Squares-Structural Equation Modeling (PLS-SEM) to test direct and indirect relationships, including mediation effects. The results indicate that subjective norm, awareness, and perceived ease of use have a significant positive influence on participation intention. Conversely, religious motivation and Islamic financial literacy do not have a direct effect; their influence is mediated through awareness and subjective norm. These findings demonstrate that social influence, cognitive awareness, and technological convenience play a more decisive role than religiosity or financial literacy alone. The study concludes that increasing participation in online cash waqf requires strengthened public education, improved digital platform usability, and community-based social campaigns, with practical implications for nazhir institutions and regulators.

Sense-Making Of Shariah Digital Economy Among Muslim Micro-Entrepreneurs: A Qualitative Case Study Of Mandailing Natal

2026-05-05T08:09:37+00:00

Introduction: The development of the Shariah digital economy presents both opportunities and challenges for Muslim micro and small enterprises (MSMEs), particularly in interpreting Shariah principles in the digital era. This study aims to explore the sense-making process of Muslim MSME actors in Mandailing Natal in understanding and implementing Shariah-compliant digital economic practices.

Methods: A qualitative interpretive case study approach was employed, involving some of active MSME informants through in-depth interviews, participatory observation, and documentation of digital Shariah practices. Findings indicate that Shariah compliance in digital practices is pragmatic, adaptive, and contextual, involving negotiation between technological efficiency and religious values, as well as dual legitimacy from formal authorities and personal experience.

Results: The Results highlight the critical role of actor sense-making in constructing subjective understanding of complex and often ambiguous Shariah principles.

Conclusion and suggestion: Theoretically, this research extends the literature on Islamic digital economy and Shariah fintech by emphasizing the interpretive social construction of Shariah compliance. Practically, the findings provide guidance for developing digital platforms, Shariah digital literacy programs, and collaborations between regulators and religious authorities to enhance inclusion and sustainability of Muslim MSMEs

Why Infaq Remains Consumptive in Some Regions: A Comparative Study of Local Islamic Social Finance Practices

2026-05-05T08:09:37+00:00

Islamic social finance is increasingly recognized as a strategic instrument for economic empowerment; however, infaq utilization remains predominantly consumptive in many institutional contexts. This study develops an institutional governance explanation for why infaq functions productively in some regions while remaining consumptive in others. Drawing on institutional governance theory and Islamic social finance literature, this study argues that the transformation of infaq depends on governance capability, policy coherence, and ecosystem integration rather than on the intrinsic characteristics of the instrument. Using a qualitative comparative design based on secondary data from four regions in Indonesia, this study examines variations in institutional capacity, governance structure, and program integration. The findings show that productive infaq utilization is closely associated with institutional capability configuration, including structured program design, policy alignment, and integration with microenterprise empowerment systems. This study introduces the Localized Productive Infaq Governance (LPIG) model, which explains how governance capability enables the transformation of philanthropic funds into productive social capital. This study contributes to Islamic social finance literature by advancing a governance-centered theoretical framework and offering a transferable institutional model applicable to diverse Islamic social finance ecosystems.

Analysis of Muhammad Baqir al-Sadr's Thoughts on Daya Anagata Nusantara (DANANTARA) as a Sovereign Wealth Fund (SWF)

2026-05-05T08:09:38+00:00

The establishment of Daya Anagata Nusantara (DANANTARA) as Indonesia's Sovereign Wealth Fund (SWF) reflects the country's efforts to optimize the management of strategic assets to support long-term development and national economic stability. Amidst the dominance of the global capitalist paradigm that emphasizes capital accumulation and market efficiency, an alternative framework of thinking is needed to ensure that SWF management remains oriented towards social justice and public welfare. In this context, the economic thinking of Muhammad Baqir al-Sadr is relevant to examine, particularly his ideas on the concept of public ownership, the role of the state as a representative of the people, and the rejection of exploitation and the accumulation of wealth by a small elite. This article focuses on a conceptual analysis of the relationship between al-Sadr's economic thinking and the characteristics of DANANTARA as an SWF in the context of the Indonesian economy. The purpose of this study is to identify the extent to which Muhammad Baqir al-Sadr's thinking can provide a normative and critical basis for the equitable management of DANANTARA as an SWF. The research methodology used is qualitative research with a normative-philosophical approach through a literature study of al-Sadr's works, Islamic economic literature, and regulations and policy documents related to SWFs in Indonesia. The results of the study show that the principles of public ownership and state responsibility in al-Sadr's perspective are in line with the objectives of establishing DANANTARA, as long as its management is not solely profit-oriented, but rather focused on the fair and sustainable distribution of economic benefits. Thus, al-Sadr's thinking has the potential to become an ethical framework in directing DANANTARA as an SWF that favors the public interest.

Cash Waqf in the Era of the Industrial Revolution 4.0 in Sharia Financial Institutions from a Sharia Economic Perspective

2026-05-05T08:09:38+00:00

This study examines the issue of cash waqf management in the Industrial Revolution 4.0 era, particularly in Islamic Financial Institutions, which is characterized by the digitalization of financial services, fintech innovation, and changes in people's transaction behavior. The research focuses on how the integration of digital technology can increase the effectiveness, transparency, and accountability of cash waqf management in accordance with Islamic economic principles. The purpose of this study is to analyze the role of Islamic Financial Institutions in optimizing technology-based cash waqf, identify implementation challenges, and formulate a management model that aligns with the maqasid of sharia. The study uses a qualitative approach with a literature review method and descriptive-analytical analysis of regulations, scientific literature, and digital-based cash waqf practices in Indonesia. The results show that the use of digital platforms, electronic payment systems, and technology-based reporting can expand waqf participation, increase fundraising efficiency, and strengthen public trust. However, challenges remain in digital literacy, sharia supervision, and data security. In conclusion, digital transformation in the management of cash waqf in Islamic Financial Institutions has great potential to support the economic empowerment of the community if accompanied by strengthening governance, adaptive regulations, and ongoing public education.

Developing a Strategic Model for the Pesantren Entrepreneurial Ecosystem: Integrating SWOT and Analytic Network Process (ANP)

2026-05-05T08:09:38+00:00

Introduction: Pesantren play a strategic role in shaping community life, particularly in promoting entrepreneurship and economic empowerment. However, the development of entrepreneurship within pesantren remains limited due to the absence of a well-established entrepreneurial ecosystem. Therefore, this study aims to identify strategic priorities for strengthening the entrepreneurial ecosystem in pesantren.

Methods: This study employs a qualitative approach supported by quantitative analysis through the integration of SWOT (Strengths, Weaknesses, Opportunities, and Threats) and the Analytic Network Process (ANP). SWOT analysis is used to identify internal and external factors influencing the entrepreneurial environment of pesantren, while ANP evaluates the interrelationships among criteria to determine strategic priorities. Data were collected through in-depth interviews, questionnaires, and literature review.

Results: The findings from the SWOT analysis show that pesantren are positioned in Cell V and Quadrant I, indicating strong internal capabilities and favorable external opportunities for developing a Shariah-based entrepreneurial ecosystem. The ANP analysis identifies four main priority strategies: strengthening capacity building, fostering organizational culture and governance, enhancing institutional cohesion, and developing human resources.

Conclusion and suggestion: The study contributes by proposing a strategic model that can serve as a practical guideline for pesantren in developing their entrepreneurial ecosystem. The implementation of these integrated strategies is expected to promote sustainable entrepreneurship and strengthen economic independence within pesantren.

Examination of Millennial MSMEs' Decision-Making Factors Mentored by Rumah BUMN Sidoarjo on Obtaining Halal Certification

2026-05-05T08:09:38+00:00

Halal certification has become a strategic instrument for Micro, Small, and Medium Enterprises (MSMEs) to enhance consumer trust, expand market access, and ensure the sustainable development of the national halal sector. Nevertheless, the level of halal certification ownership among MSMEs, particularly those managed by the millennial generation, remains relatively limited and exhibits diverse responses to existing policies. This study aims to analyze the determinants influencing the decision of millennial MSMEs fostered by Rumah BUMN Sidoarjo to obtain halal certification. The research adopts a quantitative approach with an explanatory research design. Data were collected through a structured questionnaire survey administered to the entire population of 25 millennial MSMEs under the guidance of Rumah BUMN Sidoarjo, and the data were analyzed using multiple linear regression techniques. The variables examined include MSME halal awareness, regulatory processes, trust and reputation, economic factors, religiosity, and halal literacy. The findings reveal that MSME halal awareness, regulatory processes, trust and reputation, religiosity, and halal literacy have a positive and significant effect on the decision of millennial MSMEs to obtain halal certification. In contrast, economic factors do not show a significant influence, indicating that cost considerations are not the primary determinant within the context of MSMEs assisted by Rumah BUMN Sidoarjo. These findings suggest that halal certification decisions are driven more by value awareness, institutional support, and halal-related knowledge than by short-term economic considerations. Theoretically, this study enriches the halal business literature through a multidimensional analytical approach, while practically it provides a foundation for policy formulation aimed at strengthening halal literacy, simplifying regulatory procedures, and enhancing sustainable MSME assistance programs.

Ai–Blockchain-Enabled Halal Traceability for Cross-Border Certification Harmonization: A Framework for Digital Halal Assurance

2026-05-05T08:09:38+00:00

This study addresses the increasing complexity of cross-border halal trade, where fragmented certification regimes and differing regulatory and fiqh-based approaches raise verification costs and weaken trust. The purpose of this research is to develop and evaluate a digital halal assurance framework that enables Artificial Intelligence (AI)–blockchain halal traceability to support cross-border certification harmonization by making compliance evidence interoperable, verifiable, and auditable. The study uses a qualitative multiple-case design involving regulators, certification bodies and auditors, manufacturers and suppliers, logistics providers, and laboratories. Data were collected through document analysis, semi-structured interviews, and expert review workshops, and analyzed using thematic analysis with cross-case synthesis to derive design requirements. Results show that harmonization relies on institutional arrangements for recognizing evidence; three outputs are pivotal: a shared minimum evidence baseline, a rule-based and updateable equivalence mapping, and a trust registry with accountability and revocation oversight. These elements also shape system architecture toward permissioned consortium governance. Interoperability is the main bottleneck because evidence is dispersed across heterogeneous formats; a minimum data set, selective disclosure, and a hybrid off-chain/on-chain architecture with standardized interfaces and schema versioning are needed to reduce manual reconciliation. Blockchain functions as an evidence engine that anchors audit trails, integrity proofs, and revocation-aware verification via smart contracts. The study concludes that harmonization requires aligning governance, data standards, and evidence mechanisms, and recommends phased implementation and support measures to avoid excluding small and medium enterprises.

Humanizing the Digital Panopticon: Islamic Social Capital, Algorithmic Management, and Social Sustainability in the Gig Economy

2026-05-05T08:09:39+00:00

Introduction: This study investigates how Islamic Social Capital humanizes digitally controlled gig work systems characterized by algorithmic surveillance and performance monitoring. In many platform-based labor environments, worker sustainability is often explained through technological efficiency and performance metrics, while relational and moral dimensions remain underexplored. Drawing on the Job Demands–Resources framework and digital labor theory, this research aims to examine the direct, mediating, and moderating mechanisms linking Islamic Social Capital, Psychological Safety, Collaborative Resource Sharing, Algorithmic Management Intensity, and Social Sustainability Performance among gig workers operating under algorithmic management systems.
Methods: A quantitative survey was conducted with 237 app-based gig workers. Data were analyzed using structural equation modeling to test the proposed structural relationships, including mediation and moderation effects.
Results: Islamic Social Capital significantly enhances Psychological Safety, Collaborative Resource Sharing, and Social Sustainability Performance. Psychological Safety and Collaborative Resource Sharing partially mediate the relationship between Islamic Social Capital and Social Sustainability Performance, with psychological pathways showing stronger effects. Algorithmic Management Intensity strengthens the positive relationship between Islamic Social Capital and Psychological Safety but does not significantly moderate collaborative behaviors.
Conclusion and suggestion: Sustainable performance in digitally governed gig ecosystems depends not only on technological systems but also on morally embedded relational capital. Platform governance strategies should integrate transparency, fairness, and community-based relational infrastructures to enhance psychological security and long-term sustainability.

Opportunities and Challenges for Local Food in the International Market from the Perspective of Sharia Economics

2026-05-05T08:09:39+00:00

Introduction: Local food products have significant potential to be developed as competitive commodities in the international market, in line with the increasing global demand for authentic, ethical, and culturally based food products. From the perspective of Islamic economics, local foods are highly relevant as they generally comply with the principles of halal and thayyib.

Methods:This study aims to analyze the opportunities and challenges of developing local food products in the international market from an Islamic economic perspective. The research employs a qualitative descriptive approach using a library research method. Data were collected from academic books and scholarly journal articles and analyzed through content analysis techniques.

Results:The findings indicate that local food products have strong opportunities in the global market due to their cultural uniqueness, compliance with halal and thayyib principles, and the support of digital marketing and globalization. However, their development still faces several challenges, including limitations in product standardization, international halal certification, global trade regulations, as well as weak innovation and branding strategies.

Conclusion and suggestion: This study concludes that the development of local food products based on Islamic economics requires integrative strategies that strengthen halal and thayyib standards, enhance product innovation and value-based branding, and are supported by sustainable policies to improve competitiveness and contribute to the empowerment of the Muslim economy in global trade.

CONTEMPORARY MUAMALAH AND HIFZ AL-MAL: A STUDY ON THE DIGITALIZATION OF THE FINANCIAL SYSTEM AT AL-AMIEN PRENDUAN ISLAMIC BOARDING SCHOOL

2026-05-05T08:09:39+00:00

Introduction: The advancement of financial technology has transformed the landscape of financial management, compelling Islamic boarding schools (pesantren) to adopt reactive and responsive policies. This study aims to examine the digitalization of the financial system at Al-Amien Prenduan Islamic Boarding School, encompassing the planning and formulation of digital system transformation, its implementation and development, as well as the manner in which the institution integrates such transformation with the principles of Hifz al-Mal.

Methods: This study employs a qualitative-empirical method, addressing the research focus through three stages of data analysis, namely data reduction, data presentation, and conclusion.

Results: The findings indicate that the transformation of the student payment system from manual to digital was systematically planned, practically implemented to resolve various financial issues grounded in the principles of Hifz al-Mal as part of Maqashid al-Shariah, and evaluated to achieve a system with optimal performance in attaining maṣlaḥah

Conclusion and suggestion: The integration of the principles of Hifz al-Mal into the digital payment system has proven to be an effective instrument and solution in resolving financial problems, thereby creating a transparent and accountable financial system.

Zakat and Sustainable Development: A Macroeconomic Analysis of Poverty, Inequality, and Growth in Indonesia

2026-05-05T08:09:39+00:00

This study examines the dynamic relationship between zakat distribution, poverty depth, income inequality, and economic growth in Indonesia within the framework of sustainable development. Using semiannual data from the first semester of 2011 to the first semester of 2025, the analysis applies a Vector Error Correction Model (VECM) to capture both long-run equilibrium relationships and short-run dynamics among the variables. Poverty is measured using the Poverty Gap Index (P1), which reflects the depth and severity of poverty rather than merely its incidence. The results confirm the existence of a stable long-run cointegration relationship between zakat, poverty depth, income inequality, and economic growth. In the long run, zakat distribution shows a significant negative elasticity of −0.842, indicating that a 1% increase in zakat distribution reduces poverty depth by approximately 0.84%. Income inequality exerts the strongest structural influence with a positive elasticity of 1.915, while economic growth reduces poverty with a smaller elasticity of −0.276. The error correction term (−0.431) indicates relatively rapid adjustment toward long-run equilibrium, with about 43% of short-run disequilibrium corrected within one semester. Impulse response and variance decomposition analyses further reveal that zakat contributes meaningfully to medium- and long-term poverty dynamics. These findings suggest that zakat functions as a redistributive stabilizer embedded within the macroeconomic system, complementing economic growth and mitigating inequality. This study does not account for informal zakat flows, which may imply that the estimated macro effect is conservative. Overall, the study provides empirical support for integrating Islamic social finance into national sustainable development strategies aimed at poverty reduction and inclusive growth.

Determinants of Firm Growth with Sales as an Intervening Variable in the Sharia Economic Perspective in the Garment Industry in East Java

2026-05-05T08:09:39+00:00

The garment industry in East Java faces various challenges such as increasing market competition, the emergence of substitute products, changes in consumer lifestyles, and the development of digital technology that influence business strategies and firm growth. This study aims to analyze the effects of competitors, substitute products, product innovation, digital marketing, social media, lifestyle, and consumer preferences on firm growth with sales as an intervening variable from a Sharia economic perspective. The study employed a quantitative approach using a survey method involving 377 garment business actors in East Java. Data analysis was conducted using Structural Equation Modeling (SEM) based on Partial Least Squares (PLS). The results show that competitors, digital marketing, lifestyle, and consumer preferences have a significant effect on sales. Meanwhile, competitors, substitute products, digital marketing, lifestyle, and consumer preferences significantly influence firm growth. Product innovation and social media do not have a significant effect on either sales or firm growth. Sales are also unable to mediate the relationship between strategic factors and firm growth. These findings indicate that digital strategies, an understanding of consumer lifestyles, and the company’s ability to respond to market preferences are important factors in driving the growth of garment companies in East Java.

Halal Labeling and Product Quality on Purchase Intention of Halal Food MSMEs: The Role of Consumer Trust as an Intervening Variable

2026-05-05T08:09:40+00:00

ABSTRACT

Introduction: The halal industry has grown rapidly and has become an important sector in the global economy. Halal products are not only associated with religious obligations for Muslim consumers but are also considered indicators of product quality, safety, and credibility. This study aims to examine the effect of halal labeling and product quality on purchase intention of halal food Micro, Small, and Medium Enterprises (MSMEs), with consumer trust as an intervening variable.

Methods: This research employs a quantitative approach using data collected from 100 respondents who have purchased or consumed halal food products from MSMEs. The data were analyzed using Structural Equation Modeling–Partial Least Squares (SEM-PLS).

Results: Product quality significantly influences consumer trust, while halal labeling does not. However, halal labeling directly affects purchase intention. Product quality does not directly influence purchase intention but has an indirect effect through consumer trust. Consumer trust significantly affects purchase intention and mediates the relationship between product quality and purchase intention, but not between halal labeling and purchase intention.

Conclusion and Suggestion: Product quality plays a key role in building consumer trust, which drives purchase intention, whereas halal labeling primarily acts as a direct cue in purchasing decisions. Therefore, halal food MSMEs should focus on maintaining product quality while ensuring credible halal certification.

Maqāṣidī Hermeneutics: an Istinbāṭ Offer of Islamic Economic Fatwa in the Digital Era

2026-05-05T08:09:40+00:00

Introduction: Islamic economic jurisprudence faces significant challenges in addressing the complexities of the rapidly evolving digital financial systems. This article proposes a novel legal reasoning model called Maqāṣidī Hermeneutics, which synthesizes Fazlur Rahman’s Double Movement method with the objectives of Islamic law (maqāṣid al-sharī‘ah).

Methods: The model is constructed through four analytical stages: historical contextualization, maqāṣid identification, legal norm recontextualization, and the formulation of contemporary fatwas. Through case studies of DSN-MUI fatwas on e-money, fintech, and cryptocurrency, the study demonstrates how this approach enables more responsive, relevant, and benefit-oriented rulings. Employing a qualitative method and hermeneutic analysis, the research integrates textual studies with actual fatwa practices.

Results: The findings show that the model bridges the classical texts and contemporary contexts while reinforcing ethical and epistemological foundations in Islamic legal reasoning.

Conclusion and suggestion: This study aims to offer a theoretical contribution to the development of a more contextual, progressive, and sharia-based methodology for Islamic digital fatwas.

Analysis of Determinants of Sustainability of Islamic Banks in Indonesia with Islamicity Financial Performance Index as an Intervening Variable

2026-05-05T08:09:40+00:00

To investigate the determinants of sustainable Islamic banking in Indonesia by integrating financial performance, maqashid sharia (zakat and CSR), and Islamic governance, with the Islamicity Financial Performance Index (IFPI) as a mediating variable. Quantitative research using 176 quarterly observations from four Islamic commercial banks listed on the Indonesia Stock Exchange (2015–2024). Data analysis was conducted using Partial Least Squares Structural Equation Modeling (PLS-SEM). Financial performance, maqashid sharia, and Islamic governance positively and significantly affect IFPI, which in turn strongly impacts sustainable Islamic banking. IFPI also mediates the relationship between these variables and sustainability, highlighting that economic, social, and spiritual integration drives long-term bank sustainability. This study introduces IFPI as a mediating variable, providing a comprehensive framework that links financial performance with sharia compliance and social responsibility, offering a novel perspective in measuring Islamic banking performance. Islamic banks should strengthen the integration of financial and sharia principles by optimizing zakat, CSR, and governance mechanisms to enhance long-term sustainability. Future research may expand samples or include additional factors like digitalization or green banking to enrich findings

Integrating Maqāṣid al-Shariah, ESG, and Halālan Ṭayyiban in Indonesia: A TCCM-Based Systematic Literature Review and Bibliometric Analysis

2026-05-05T08:09:40+00:00

Introduction: This study maps the intellectual landscape of Environmental, Social, and Governance (ESG) integration within the Indonesian economic and financial markets to establish a comprehensive halālan ṭayyiban ecosystem.

Methods: A framework-based systematic literature review was conducted using the Theory, Context, Characteristics, and Method (TCCM) approach, combined with bibliometric analysis via R to examine halal-ESG-sustainability literature published between 2014 and 2025.

Results: The findings reveal that existing literature predominantly focuses on normative-legal and compliance aspects, particularly halal certification, while operational environmental sustainability and halal-ecology integration remain underexplored. This thematic polarization indicates that extensive research is currently directed towards conceptual legitimacy, implementation, measurement, and institutional structures, which ultimately facilitates systemic integration. Consequently, this study formulates a theoretical model integrating Maqāṣid, ESG, and Halālan Ṭayyiban principles to synthesize inter-dimensional relationships, empirical findings, and implementation indicators.

Conclusion and suggestion: Practically, the results highlight a critical need to transition from administrative compliance to operational capacity-building, particularly concerning Micro, Small, and Medium Enterprises (MSMEs), system governance, and infrastructure traceability. To bridge the gap between normative frameworks and practical alignment, future research must prioritize integrated performance indicators, implementative intervention designs, and cross-national comparative studies, thereby addressing current limitations regarding corpus metadata dependency and exploratory projections.

Women, Tourism, and Sharia Finance: A Synergy Model for Sustainable Development in Tourist Destinations

2026-05-05T08:09:40+00:00

Introduction: The synergy between women's empowerment, tourism development, and sharia finance is still rarely explored in the context of specific tourist destinations in Indonesia. This research aims to fill this gap by examining beach and nature tourism destinations in Banyuwangi Regency.

Methods: This study used a descriptive qualitative approach with a dual case study design. Data were collected through participatory observation, semi-structured in-depth interviews with 15 key informants (selected through snowball sampling), and documentation studies at two locations: Pulau Merah Beach (community-based tourism) and Djawatan Tourism Forest (corporate-managed tourism). Data analysis followed the interactive model of Miles, Huberman, and Saldana using Atlas.ti 9.

Results: Women play a vital role in the tourism ecosystem, with a 75% participation rate in micro and small enterprises in community-based destinations. However, their representation in leadership and decision-making positions is still minimal (<5%). Bank Syariah Indonesia (BSI) has undertaken various initiatives in sharia financing and fintech services, but adoption among women entrepreneurs is very low (<10%) due to literacy barriers, perception of procedural complexity, and incompatibility of product design with tourism business characteristics.

Conclusions and suggestions: The synergy of the three axes (women, tourism, Islamic finance) is still weak and hampered by non-inclusive destination governance models, patriarchal cultural norms, and a lack of supporting policies. This study proposes a revised Three Axis model by adding contextual mediator factors. Recommendations include the redesign of gender-responsive products by Islamic financial institutions and the implementation of a minimum quota of 30% women in the tourism governance structure.

Waqf Accounting Practices Based on PSAK 112 at the Millennial Waqf Institution in Bogor

2026-05-05T08:09:41+00:00

Introduction: The implementation of PSAK 112 concerning waqf accounting in waqf institutions in Indonesia still faces various challenges, particularly related to limited understanding and inadequate technological infrastructure. This study aims to evaluate the implementation of PSAK 112 at the Millennial Waqf Institution in Bogor City, focusing on organizational readiness and the obstacles encountered during the implementation process.

Methods: The research employs a qualitative method, with data collected through in-depth interviews and observations at several waqf institutions.

Results: The findings indicate that although the Millennial Waqf Institution in Bogor City has succeeded in implementing PSAK 112, it still encounters difficulties, especially in terms of understanding the standards and limitations of technological infrastructure. These findings suggest that increased training and strengthened infrastructure are necessary to support broader and more effective implementation.

Conclusion and suggestion: The implication of this study highlights the importance of a more inclusive and comprehensive strategy in implementing PSAK 112, which not only enhances transparency and accountability but also strengthens public trust in the management of waqf in Indonesia.

Effectiveness And Innovation Of Village Treasury Land Management In Improving The Welfare Of Orphans: A Case Study Of Sidomulyo Village, Jember Regency

2026-05-05T08:09:41+00:00

ABSTRACT

Introduction: This study aims to analyze the effectiveness of Village Treasury Land (TKD) management in improving the welfare of orphans in Sidomulyo Village, Silo District, Jember Regency. The research uses a descriptive qualitative approach with a case study method. Data was collected through observation, in-depth interviews, and documentation, then analyzed using the Miles and Huberman model with a source triangulation technique to ensure the validity of the data. The results of the study showed that TKD management was carried out transparently through an annual lease auction system that generated Village Original Income (PAD) of Rp212,500,000 per year. All of these results were allocated 100% to orphan welfare programs with a composition of 50% consumptive, 25% educational, and 25% productive. The effectiveness of the program has been proven to be high, as shown by the reduction in the dropout rate from 8 cases (2022) to 1 case (2025), as well as the fulfillment of the basic needs of 161 orphans. Obstacles in the management of productive funds are overcome through institutional innovation in the form of the formation of cooperatives that manage productive businesses.

Methods: The research employs a descriptive qualitative approach with a case study method. Data were collected through observation, in-depth interviews, and documentation, andanalyzed using the Miles and Huberman model, with source triangulation applied to ensuredata validity.

Results: The results indicate that TKD management is conducted transparently through an annual leaseauction system, generating Village Original Revenue (PAD) amounting to IDR 212,500,000per year. The entire revenue is allocated 100% to orphan welfare programs, with acomposition of 50% for consumptive needs, 25% for education, and 25% for productivepurposes. The program demonstrates a high level of effectiveness, as evidenced by asignificant reduction in school dropout cases from 8 cases in 2022 to 1 case in 2025, as well as the fulfillment of basic needs for 161 orphans

Conclusion and suggestion: Challenges in managing productive funds were addressed through institutional innovation by establishing a cooperative that managesproductive business activities. This study concludes that TKD management based on the principles of trust (amanah) andjustice is not only socially effective but also capable of creating a sustainable economicempowerment model for vulnerable groups