islamic economics
- Business
Supporting MSMEs as a Foundation of the People’s Economy
Micro, Small, and Medium Enterprises (MSMEs) are widely recognized as a crucial foundation of Indonesia’s economy. In a country with a vast and diverse population, Indonesia relies heavily on this sector to drive inclusive and sustainable economic growth. MSMEs play a significant role in creating jobs, increasing household income, and expanding the economic base, previously dominated by larger industries. Beyond…
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Success Story of Roti’O: How to Scale Up a Bakery Business
Roti’O has become one of the most well-known bakery brands in Indonesia. With its signature coffee aroma and delicious flavor, Roti’O has managed to capture the attention of consumers from various demographics. Today, Roti’O operates more than 500 outlets across multiple cities throughout the country. This remarkable expansion didn’t happen overnight. Instead, it was the result of smart business strategies,…
Read More » - Islamic Economics
Abu Yusuf: The Pioneer of Islamic Economic Thought
Abu Yusuf, whose full name is Ya’qub bin Ibrahim bin Habib al-Anshari, was a distinguished scholar in the field of fiqh and a student of Abu Hanifah, the founder of the Hanafi school of thought. Born in Kufa in 113 AH/731 CE and passing away in Baghdad in 182 AH/798 CE, Abu Yusuf hailed from a family with Anshar lineage…
Read More » - Muslim Lifestyle
The Concept of Hope in Islam: Is It Important?
In Islamic teachings, raja’ or the concept of “hope” plays an integral role in the relationship between a servant and Allah Ta’ala. Hope in Islam is not limited to seeking mercy or forgiveness; it also encompasses a deep conviction that Allah will always support His servants who place their trust in Him. However, raja’ cannot stand alone; it must be…
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Crowdfunding: Massive First Step Towards Endowment Fund
In recent years, crowdfunding has emerged as a popular method of raising funds from the public. It allows a large number of individuals to contribute small amounts of money to support a specific project or cause. Crowdfunding is not only used for startups or social initiatives but has also become a viable alternative for creating a sustainable endowment fund. Endowment…
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Finance Your Fashion Business with Crowdfunding
The fashion industry is one of the most dynamic and ever-evolving sectors, requiring significant capital investment for everything from production to marketing. For new fashion entrepreneurs, one of the biggest challenges is how to secure funding without compromising the future of their business. Traditionally, entrepreneurs have relied on bank loans or individual investors, but an increasingly popular alternative is crowdfunding.…
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Why and When We Should Pursue Passive Income?
Passive income is increasingly becoming a focal point in personal finance discussions. Many individuals see it as a pathway to financial freedom, where they are no longer solely reliant on active work for income. Passive income can come from various sources, such as rental properties, royalties, dividends, and even digital businesses that operate on autopilot. Understanding when to start pursuing…
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Social Justice in Islamic Social Finance
Introduction Social justice is one of the key principles upheld in Indonesia’s state ideology, as reflected in the fifth principle of Pancasila: “Social Justice for All Indonesian People.” This principle is not only relevant in the context of governance and public policy but also manifests in various aspects of societal life, including Islamic social finance practices. Islam, as a comprehensive…
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Concept of Wakaf Sukuk in Islamic Economics
Waqf is a crucial pillar in the Islamic economic system that serves as a social instrument for wealth and welfare distribution. Traditionally, waqf has been used in Muslim societies to support various social projects such as building mosques, schools, and hospitals. However, as times have progressed, the concept of waqf can now be applied in various forms, one of which…
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Does Mudharabah fit All Business Funding?
In the world of Islamic finance, Mudharabah is known as a contract where one party provides capital, and the other party offers expertise and manages the business. Profits generated are shared between the two parties based on an agreed ratio, while losses are borne entirely by the capital provider. While Mudharabah has its merits, especially in promoting ethical and fair…
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