IJIEF: Indonesian Journal of Islamic Economics and Finance

Philosophical Foundations of Islamic Economics: The Formation of Islamic Economics from the Perspectives of Epistemology, Ontology, and Axiology

Nur Halimah — 2025-06-30

The Islamic economy presents different challenges than conventional economics. Beyond monitoring the behavior of economic actors, including producer households, consumer households, and the government, the challenge is to develop a concept of ideal behavior according to Islamic teachings that economic actors should adopt and its potential impact on the economy. Specifically, this science, in addition to studying relevant variables that can cause differences between actual and ideal behavior, also proposes appropriate strategies to guide one's actions. Ontology discusses the nature of the object of study. In other words, ontology is the science of existence itself. Epistemology examines how knowledge systems are structured. In other words, it discusses the scope and limitations of science. Revelation's truth is not arbitrary, and its role in seeking truth is crucial because it is absolute. However, rational truth and empirical facts must be placed within the overall Islamic framework. In fact, Islam highly values reason, and God is angry with those who refuse to use reason. The study of the axiology of Islamic economics aims to examine Islamic economics from the perspective of values and interests. The existence of Islamic economics is expected to provide solutions to these problems.

Risk Control Strategy In Seed Management Contracts By Pt East West Seed Indonesia Jember Region

Nurul Hidayat — 2025-06-30

The development of agribusiness in Indonesia has opened a new discourse in agribusiness practices carried out primarily by farmers or cultivators. One form of agribusiness that is quite widely carried out is the partnership concept. Several companies try to offer this partnership concept to farmers to produce a certain commodity and guarantee the marketing of their products. The concept and pattern of partnership offered by one company to another varies. Several factors that influence the concept and pattern of partnership are the type of commodity cultivated, consumer demand for the cultivated commodity, and the market share of the cultivated commodity. PT East West Seed Indonesia (Ewindo) is the first integrated vegetable seed company in Indonesia that has a commitment to being the best Farmer's Friend. The research focuses on: 1) How is the seed management contract at PT East West Seed Indonesia in the Jember Region? 2) How is the identification of forms of risk control in the seed management contract by PT East West Seed Indonesia in the Jember Region? This type of research is descriptive qualitative research with the researcher's own key instrument. The research location is at PT East West Seed Indonesia in Gumuksari, Tegal Besar, Kec. Kaliwates, Jember Regency, East Java. Data collection used interview, documentation, and observation methods. Data analysis was conducted using data reduction, data presentation, and conclusion drawing techniques. The data sources obtained consisted of primary and secondary data sources. The results of this study indicate that: First, the seed management contract implemented by PT East West Seed Indonesia (Ewindo) in the Jember region demonstrates a highly structured and calculated modern agribusiness partnership model. Based on the findings, the company does not diversify the contract model, but instead adopts a uniform and binding nucleus-plasma partnership framework. This structure is built on the principle of strict reciprocity, where the rights and obligations of both parties (the company and the farmers) are clearly defined to minimize risk and uncertainty (gharar). Second, the identification of forms of risk control in the seed management contract by PT East West Seed Indonesia (Ewindo) in Jember demonstrates a comprehensive and layered risk management architecture. From the company's perspective, risk control is designed proactively through the systematic identification of four main areas: technical-quality, agronomic production, operational-behavioral, and market.

Implementation of Governance with Transparency and Accountability in the Gunung Gambir Rubber Plantation of PTPN Nusantara 1 Regional 5 Islamic Economic Perspective

Siti Nur Fadilah — 2025-06-30

This study aims to analyze 1) how is the implementation of governance in terms of transparency? 2) how is the implementation of governance in terms of accountability? Rubber plantations are one of the strategic agricultural commodities in Indonesia, especially in East Java. One of them is the Gunung Gambir rubber plantation of PTPN Nusantara 1 Regional 5. The Gunung Gambir rubber plantation aims to increase the village's original income and stimulate the village's economy. The implementation of Good Corporate Governance (GCG) is very important for rubber plantation companies to support good governance sustainably. This research uses qualitative research with a descriptive approach, a type of approach in qualitative research using case studies. Field at the Gunung Gambir rubber plantation PTPN Nusantara 1 Regional 5. The researcher observes a phenomenon. The observation was conducted using passive participants. The validity of the data uses data source triangulation and data method triangulation, which means comparing and rechecking data obtained from different data sources. The results of this study indicate that, first, governance through transparency is closely related to the value of Siddiq in honesty, operational activities, and the dissemination of information to the public. Second, governance through accountability aligns with the value of trust, which is the primary responsibility borne by every leader and employee in financial reporting and company management.

Brand RUCAS Campaign: Rhetorical Analysis and Dialectics in Sharia Perspective for Economic Empowerment

ST Monica Dwi M — 2025-06-30

Community economic empowerment through campaigns carried out by the RUCAS Brand is an interesting highlight because it presents a unique and inclusive marketing approach. This study aims to analyze the RUCAS Brand campaign from the perspective of rhetoric and dialectics within the framework of sharia values, especially in the context of economic empowerment of the lower strata community. The research method used in this study is a descriptive qualitative approach with data collection techniques carried out through participatory observation of campaign content on TikTok and Instagram, digital documentation in the form of downloading and archiving relevant content, and online literature studies from various trusted sources. Data analysis was carried out using rhetorical analysis, dialectical analysis, and sharia perspective approach. The results show that RUCAS brand campaigns are successful in creating persuasive and positive by combining elements of rhetoric and dialectics, they not only attract attention but also build an emotional connection with the audience. By providing opportunities for marginalized groups to participate in the creative economy and earn a decent income through endorsements, the RUCAS Brand carries out a socio-economic function in accordance with sharia principles.

Digital Transformation in Business Licensing Innovation Through a One-Stop Service Management Policy

Halimatus Zahra — 2025-06-30

This study aims to: first, explore the digital transformation undertaken by the Jember Regency government in conducting business licensing through a one-stop service policy; second, analyze the impact of digital transformation on business licensing innovation through a one-stop service management policy; and third, explore the effectiveness of business licensing innovation through a one-stop service management policy. Based on these objectives, this study is expected to contribute: first, contributing to institutions to always innovate in services by implementing digital transformation for effectiveness in public services; and second, contributing to the community that digital transformation can make services more effective in terms of time and cost, especially if carried out through a one-stop service. Thus, there is no long bureaucracy. The objectives and contributions can be achieved through a qualitative research approach with a case study type. Researchers directly explore the one-stop service management policy implemented in Jember Regency since 2021. Researchers conducted observations, interviews, and traced data through a documentation process. Analysis used the Miles and Huberman model, and data validity tests used source and technique triangulation. The results of this study, first, the Jember Regency government in business licensing services innovated by changing the system to a one-stop and digital-based system, so that business actors did not have long bureaucratic licensing processes. Second, the impact of one-stop shop management, coupled with digital transformation, is fast, easy, and affordable service. Third, business licensing innovations are effective in preventing fraud and extortion, as well as being time-efficient.

The Impact of Institutional Changes on the Halal Food and Beverage Certification Process in Indonesia

Abdul Mujib — 2025-06-30

This paper aims to first describe the halal certification process for food and beverage products that has been carried out by LPPOM MUI. Second; explore the process of institutional change in halal certification of food and beverage products. Third; the impact of the presence of Law No. 33 of 2014 on halal certification institutions, business actors and consumers. These objectives are achieved using descriptive qualitative research. In presenting the data, it is discussed in detail using descriptions and narratives that can illustrate the results of the research. The results of the discussion of this paper are first, there are changes in procedures for submitting certification of food and beverage products, Second, the process of institutional change in food and beverage certification is still complicated and it seems that there has not been a complete institutional change, because in general it has not changed from the old pattern, third, the impact of institutional change is the cycle of Indonesian halal food products, because initially halal products were only based on MUI fatwas but now also refer to Law No. 33 of 2014.