JOURNAL OF ISLAMIC ECONOMICS AND LAW (JIEL) http://jiel.marsah.edu.my/index.php/jurnal <p style="box-sizing: border-box; color: rgba(0, 0, 0, 0.84); font-family: &amp;quot; noto sans&amp;quot;,-apple-system,blinkmacsystemfont,&amp;quot;segoe ui&amp;quot;,&amp;quot;roboto&amp;quot;,&amp;quot;oxygen-sans&amp;quot;,&amp;quot;ubuntu&amp;quot;,&amp;quot;cantarell&amp;quot;,&amp;quot;helvetica neue&amp;quot;,sans-serif; font-size: 14px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; margin-top: 0px; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">Journal of Islamic Economics and Law (JIEL) is published biannually by School of Muamalat and Management, Kolej Pengajian Islam Johor (MARSAH) with aims as the following:</p> <p style="box-sizing: border-box; color: rgba(0, 0, 0, 0.84); font-family: &amp;quot; noto sans&amp;quot;,-apple-system,blinkmacsystemfont,&amp;quot;segoe ui&amp;quot;,&amp;quot;roboto&amp;quot;,&amp;quot;oxygen-sans&amp;quot;,&amp;quot;ubuntu&amp;quot;,&amp;quot;cantarell&amp;quot;,&amp;quot;helvetica neue&amp;quot;,sans-serif; font-size: 14px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">1) To enhance more publication of academic works in the related field<br style="box-sizing: border-box;" />2) To contribute to the new knowledge in Islamic economics and law<br style="box-sizing: border-box;" />3) To expand the research works and trends of Islamic economics and law<br style="box-sizing: border-box;" />4) To enrich the application of theories in Islamic economics and law in local and global economy</p> <p style="box-sizing: border-box; color: rgba(0, 0, 0, 0.84); font-family: &amp;quot; noto sans&amp;quot;,-apple-system,blinkmacsystemfont,&amp;quot;segoe ui&amp;quot;,&amp;quot;roboto&amp;quot;,&amp;quot;oxygen-sans&amp;quot;,&amp;quot;ubuntu&amp;quot;,&amp;quot;cantarell&amp;quot;,&amp;quot;helvetica neue&amp;quot;,sans-serif; font-size: 14px; font-style: normal; font-variant: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-decoration: none; text-indent: 0px; text-transform: none; -webkit-text-stroke-width: 0px; white-space: normal; word-spacing: 0px;">The scopes of this journal include; Islamic economy, Islamic banking and finance, Halal industry, Islamic digital economy, Islamic entrepreneurship, Islamic legal issues in economic and finance, consumerism, Islamic wealth management, Islamic hospitality and tourism, and other related fields. This journal will receive contributions from academicians, researchers and practitioners in the industry.</p> en-US norafni@marsah.edu.my (Puan Norafni @ Farlina binti Rahim) aishah@marsah.edu.my (Siti Aishah binti Kasmon) Fri, 04 Dec 2020 00:00:00 +0000 OJS 3.2.0.2 http://blogs.law.harvard.edu/tech/rss 60 An Analysis on the Shariah and Operational of Ar-Rahnu: Post-announcement of BNM Rahn Policy Document http://jiel.marsah.edu.my/index.php/jurnal/article/view/35 <p>Many Scholars dispute on the Shariah issues arising from ar-rahnu application. On 18th July 2018, Bank Negara Malaysia had issued Policy Document on Rahn which comes into effect on 1st August 2019 except for paragraph 33 on submission requirement which takes effect immediately upon issuance of the policy document. This is a qualitative research using content analysis which aims to study the Shariah and operational of ar-rahnu in Malaysia. The data will be collected by using secondary data. The PDS and FAQs documents of selected IFIs regarding the application of ar-rahnu will be compared with BNM Policy Document on Rahn. The result shows that there are no issues related to ar-rahnu definition provided by selected IFIs, contracting parties, and offer and acceptance. The issues are raised on the subject matter and expenses in ar-rahnu where the IFIs which accept only gold as their subject matter are debatable among scholars. While, safekeeping fee as charged by IFIs are debatable to be deemed as not comply with Shariah. Finally, combination of ar-rahnu with qard, wadiah, and ujrah applied by IFIs does not fulfil the Shariah requirements in Rahn PD.</p> Siti Aishah Kasmon, Nor Raihan Abas Copyright (c) 2020 JOURNAL OF ISLAMIC ECONOMICS AND LAW (JIEL) http://jiel.marsah.edu.my/index.php/jurnal/article/view/35 Fri, 04 Dec 2020 00:00:00 +0000 Islamic Digital Economy: The Role of Islamic Fintech as Economy Driver http://jiel.marsah.edu.my/index.php/jurnal/article/view/33 <p>Digital economy is thriving all over the world as one of the contributing sectors in gross domestic product (GDP). The technology revolution, internet penetration and millennials as consumer driver has accelerated the booming of digital economy to its full potential. Islamic digital economy is part of the digital economy that should not be overlooked, as it not only generates the handsome profit but also a jumping stone of digital economy to reach its full throttle. One of the least discussed area in Islamic digital economy is the role of Islamic Fintech. Although Islamic Fintech is currently popular due to its increasing demands, but how it can accelerate the Islamic digital economy is not fully explored. This paper tries to discuss the role of Islamic Fintech as driver in Islamic digital economy. This study is qualitative in nature, where the researchers use content analysis through reports, journals and articles published. The role of Islamic Fintech is Islamic digital economy are vast and diverse, and not confined to the religiosity issue, but also complimenting the digital economy as a whole. This paper found four main roles of Islamic Fintech in Islamic digital economy. This study is hoped to be a catalyst for wider issues in Islamic Fintech in digital economy.</p> Nur Syaheera Za’aba, Norafni @ Farlina Rahim, Siti Mursyidah Zanorrain, Nur Adilla Mohd Isa, Nursyafikah Raziman Copyright (c) 2020 JOURNAL OF ISLAMIC ECONOMICS AND LAW (JIEL) http://jiel.marsah.edu.my/index.php/jurnal/article/view/33 Fri, 04 Dec 2020 00:00:00 +0000 Tahap Kegiatan Muamalah Ekonomi Menurut Pemikiran Sufi Imam Al-Ghazali http://jiel.marsah.edu.my/index.php/jurnal/article/view/34 <p>Ekonomi merupakan salah satu cabang dalam keperluan hidup bersosial. Teori Imam al-Ghazali sering kali dijadikan rujukan dalam perbincangan tasawuf dan akhlak. Beliau yang merupakan seorang tokoh sarjana yang terkenal dalam mengemukan idea-idea berkaitan ekonomi dan kewangan. Namun begitu ketika zaman beliau masyarakat hidup dengan pelbagai resapan aliran pemikiran yang menggugat keutuhan akidah dan ketenteraman kehidupan bermasyarakat. Ilmu ketuhanan dibahas secara logik akal semata. Lalu Imam al-Ghazali tampil demi mensejahterakan antara kehidupan dan tuhan demi ketenangan jiwa dan hati. Justeru, kajian ini akan menjelaskan beberapa teori tahapan dalam kegiatan muamalah ekonomi berdasarkan pemikiran Imam al-Ghazali. Kajian ini menggunakan pendekatan kualitatif sepenuhnya berdasarkan sumber perpustakaan khususnya dari kitab-kitab penulisan beliau. Hasil kajian ini mendapati bahawa tahapan ekonomi yang menggambarkan perubahan dalam keterlibatan dalam kegiatan ekonomi merupakan manifestasi dari anjakan kerohanian dan jiwa seseorang. Selain itu kajian ini juga mendapati dua teori ekonomi syariah dikenalpasti berdasarkan pemikiran oleh Imam al-Ghazali iaitu tahap ekonomi orang awam (ahli syariah) dan Tahap ekonomi ahli sufi.</p> Surtahman Kastin Hasan al-Kindely, H. Mif Rohim N Sarkun MA, Mohd Nazir Kadir Copyright (c) 2020 JOURNAL OF ISLAMIC ECONOMICS AND LAW (JIEL) http://jiel.marsah.edu.my/index.php/jurnal/article/view/34 Fri, 04 Dec 2020 00:00:00 +0000 The Impact of Zakat on Economic Growth in Malaysia http://jiel.marsah.edu.my/index.php/jurnal/article/view/31 <p>In macroeconomics, zakat expected to effect in several aspects such as income distribution, economics performance, wealth, poverty, aggregate consumption, national saving, investment and aggregate production, social security and allocation efficiency. Zakat also considered as an instrument in a fiscal policy in Islamic community. The distribution of Zakat increases the consumption of essential goods and services and at once also reduce the poverty and income gap. Thus, this study aims to investigate the impacts of zakat on economic growth for several states In Malaysia. With using the panel data from 2006 to 2018 with Pedroni Cointegration and FMOLS tests, the result shows that zakat are correlate with economic growth for several states. Thus, this paper suggested that an economic growth was also affected by the numbers of zakat collection.</p> Noorkartina Mohamad, Nor Ermawati Hussin, Nor Musfirah Mohamad Copyright (c) 2020 JOURNAL OF ISLAMIC ECONOMICS AND LAW (JIEL) http://jiel.marsah.edu.my/index.php/jurnal/article/view/31 Fri, 04 Dec 2020 00:00:00 +0000 Preliminary Survey of Behavioral Intention of Mobile Banking Adaption among Young Users http://jiel.marsah.edu.my/index.php/jurnal/article/view/32 <p>Mobile banking is one of the revolutions in the financial technology. The easiness and efficiency of mobile banking is undeniably is a catalyst in making the digital economy accelerating fast to its full potential. The revolution of financial technology is historically started with mobile banking where consumers experiencing a speedy and effective way of doing financial transaction online. Despite there are huge numbers of mobile banking study around the world, there are limited studies of mobile banking among private institution students, particularly in Islamic private higher education in Johor specifically. This paper examines the acceptance of mobile banking usage among students in Kolej Pengajian Islam Johor (MARSAH), specifically students of Diploma in Islamic Banking. This study uses Technology Acceptance Model (TAM) as the backbone to investigate the respondent’s acceptance. It applies a quantitative study with self-administered questionnaire to obtain relevant data. The study found that there is high acceptance among students in the behavioral intention of mobile banking adoption. The implication of this study to see how the students in Islamic private higher education perceive and use the mobile banking, and to see their awareness in the new financial technology. Further studies can be conducted to investigate further the adoption of mobile banking among young users.</p> Syamimi Zamzam, Norafni @ Farlina Rahim, Jamil Jabar, Nur Ain Fadzir, Nisa Munira Fadzil, Nur Sahbani Copyright (c) 2020 JOURNAL OF ISLAMIC ECONOMICS AND LAW (JIEL) http://jiel.marsah.edu.my/index.php/jurnal/article/view/32 Fri, 04 Dec 2020 00:00:00 +0000