Asian Journal of Law and Islamic Finance

Islamic Entrepreneurship Education: Cultivating Santri Independence Through Business Management at Pondok Pesantren Annuqayah Latee Guluk-Guluk

2025-05-19T03:28:45+00:00

This study examines the integration of Islamic entrepreneurship education in cultivating santri independence through business management at Pondok Pesantren Annuqayah Latee (PPA Latee) in Guluk-guluk, Sumenep. Using a qualitative approach with data collected through interviews, observations, and document analysis, this research identifies four primary strategies employed by PPA Latee: independent business development, technical education and skills training, application of Islamic values in business, and direct field practice. Findings reveal that these approaches collectively foster multidimensional independence among santri, enhancing their economic self-sufficiency, decision-making abilities, and leadership capacities. The study documents how PPA Latee's business units—categorized into manufacturing, trading, and services sectors—provide practical learning environments where santri develop entrepreneurial skills while applying Islamic business principles such as amanah (trustworthiness), adl (justice), and maslahah (public interest). Supporting factors include mentoring programs and practice-based curriculum, while challenges encompass financial limitations and regulatory complexities. Based on these findings, a comprehensive model for Islamic entrepreneurship education in pesantren settings is proposed, positioning Islamic values as the foundation with experiential learning as the central mechanism. This research contributes to understanding how traditional Islamic educational institutions can effectively integrate entrepreneurial education while maintaining their core religious mission and provides valuable insights for pesantren seeking to enhance santri independence and economic self-reliance.

Nurturing Trust Through Faith-Based Service: Implementation of Islamic Service Strategies and Customer Interest

2025-05-19T08:51:28+00:00

This study examines the implementation of Islamic service strategies at BPRS Bhakti Sumekar Pratama Ra'as Branch and their impact on customer interest in Barokah savings products. Using a qualitative approach with data collected through interviews, observation, and document analysis, the research identified four key service dimensions: responsiveness, reliability, assurance, and empathy. The findings reveal that these dimensions, when infused with Islamic principles such as ihsan, amanah, sidq, and maslahah, create a distinctive service experience that resonates with customers' religious values while addressing practical financial needs. Supporting factors include community receptiveness to Islamic banking concepts, product accessibility features, and cultural alignment of service approaches. Conversely, inhibiting factors comprise limited public understanding of Islamic banking principles, geographical constraints affecting service reach, and competition from conventional banking institutions. The study contributes theoretical insights into the practical application of Islamic service principles in rural banking contexts while providing actionable implications for Islamic banking practitioners seeking to enhance service quality and customer relationships.

Islamic Brokerage (Samsarah) in Contemporary Markets: An Empirical Analysis of Vehicle Transactions in Rural Indonesia

2025-05-19T08:59:25+00:00

This study examines the implementation of Islamic brokerage (Samsarah) principles in vehicle transactions in Prenduan Village, East Java, Indonesia, analyzing its alignment with normative standards established in Fatwa DSN-MUI No. 151/DSN-MUI/VI/2022. Through qualitative investigation utilizing interviews with 12 participants, observation of 8 vehicle transactions, and document analysis, this research reveals how traditional Islamic commercial practices adapt to contemporary market contexts while maintaining claims to religious legitimacy. The findings demonstrate that Samsarah arrangements in rural Indonesia primarily manifest through verbal agreements that nonetheless satisfy substantive Islamic contractual requirements for clarity and mutual consent. Two dominant compensation structures emerge: fixed-amount commissions and variable compensation based on sale price surplus, both aligning with Islamic jurisprudential principles while reflecting practical market adaptations. While transparency practices concerning broker roles demonstrate strong alignment with Islamic ethical standards, vehicle condition disclosure exhibits variable implementation influenced by both religious principles and practical information constraints. Risk allocation follows a temporal division of responsibility that blends Islamic trust principles (amanah) with community norms, while dispute resolution prioritizes informal community-based mechanisms over formal religious institutions. This study contributes to theoretical understandings of Islamic financial intermediation by demonstrating the complex interplay between religious principles, market pragmatics, and community norms in shaping actual economic practices. The findings suggest that effective governance of Islamic markets requires sensitivity to existing informal institutions rather than exclusive reliance on formal regulatory frameworks, highlighting how Islamic commercial ethics may extend beyond minimal religious requirements through additional community-established ethical safeguards.

Between Tradition and Transformation: Islamic Ethical Perspectives on Minimarket Impact in Rural Indonesia

2025-05-19T09:03:14+00:00

This study examines the impact of modern retail establishments (minimarkets) on traditional grocery stores in Ganding District, Indonesia, through both conventional retail competition frameworks and Islamic ethical principles. Employing a qualitative case study methodology with data from four traditional grocery store owners, the research investigated perceptions, business impacts, and adaptation strategies. Findings reveal predominantly negative perceptions among grocery store owners, with significant revenue declines averaging 31.25%. Analysis identified differential impacts across product categories and limited adaptation efforts constrained by capital limitations and insufficient market capabilities. When evaluated through Islamic ethical principles of 'adl (justice), maslahah (public interest), ihsan (excellence), and ta'awun (cooperation), these competitive dynamics raise important considerations regarding market balance and community welfare. The research contributes to retail transformation theory while suggesting policy implications including enhanced zoning regulations and cooperative business models, highlighting the need for balanced approaches that respect traditional economic structures while accommodating modernization benefits.

Islamic Philanthropic Fund Management: The Role Of Infaq And Sadaqah In Supporting Infrastructure Development At Annuqayah

2025-05-19T09:07:02+00:00

Islamic boarding schools (pesantren) in Indonesia face significant challenges in infrastructure development due to limited government funding, necessitating alternative financing methods. This study examines the management practices of infaq and sadaqah funds at Pondok Pesantren Annuqayah Daerah As-Syafiiyah and their role in supporting infrastructure development. The research employed a qualitative approach with a case study design, collecting data through in-depth interviews with 15 key informants, direct observation of development activities, and document analysis of financial and project records. The study reveals a systematic management approach incorporating four key functions—planning, organizing, implementing, and monitoring—adapted to accommodate religious values and local cultural contexts. Infaq and sadaqah funds contribute significantly to infrastructure development through educational facility funding, supporting infrastructure enhancement, maintenance programming, and financial independence promotion. This has enabled substantial physical expansion, including dormitory facilities that increased student capacity from 45 to 200 students between 2022-2024. The research concludes that effective management of Islamic philanthropic funds requires balancing religious authenticity with operational effectiveness through adaptive planning systems, transparent accountability mechanisms, and knowledge transfer procedures. These findings offer practical implications for similar institutions seeking sustainable financing alternatives and suggest that further research should explore comparative approaches across different pesantren contexts to develop generalizable principles for Islamic philanthropic fund management in educational settings.

Enhancing Service Quality of Islamic Savings Products: A Strategy to Improve Customer Interest in SAHARA BMT NU East Java

2025-05-19T09:11:06+00:00

This study explores the enhancement of service quality for Islamic savings products at BMT NU East Java, specifically focusing on the SAHARA (Savings for Hajj and Umrah Arrangements) product designed to facilitate religious pilgrimages. Using qualitative field research conducted from January to April 2024, the study examines current service quality dimensions and their impact on customer interest. Findings reveal that BMT NU East Java employs three primary service approaches: "jemput bola" (staff visiting customers), office service, and online channels. The institution enhances service quality through transparency, personalized attention, and religious alignment, while growing customer interest through community networks and trust-building. Despite fluctuating customer numbers over 2016-2021, significant growth was observed in 2021 despite pandemic challenges. The research suggests that integrating traditional service quality dimensions with religious considerations is essential for Islamic financial institutions serving pilgrimage-focused savings products. Strategic recommendations include balancing digital innovation with personal service, strengthening community engagement, and maintaining Shariah compliance while improving operational efficiency.