PAPUA: International Journal of Sharia Business Management

Implementation Of Zakat Funds For Educational Facilities And Infrastructure In The City Of Jayapura

Fri, 20 Dec 2024 00:00:00 +0000

The implementation of zakat funds for educational facilities and infrastructure in Jayapura City is a strategic step in improving access and quality of education for the local community. Education is very important for the development of human resources. In order to develop human resources, adequate facilies and infrastructure are needed to support the development process. One way to create adequate facilities and infrastructure is through the ese of zakat funds allocated for educational facilities and infrastructure. The results of the research show that it is permissible to channel zakat funds to build educational facilities and infrastructure, because it is part of the struggle in the way of Allah (fisabillilah). This research aims to analyze the implementation of zakat funds in the development of educational facilities and insfastructure in Jayapura Citry through the National Zakat Amal Agency (BAZNAS) in Jayapura City. Zakat, as an Islamic financial instrument, has great potential to support improving the quality of education in areas that need it. This research uses a qualitative method with a case study approach, where data is collected through analysis of related documents. This research provides important insights into how zakat funds can be used effectively to improve the quality of education in areas in need, as well as challenges and solutions that can be applied to increase zakat participation and management.

Sharia Stock Investment On The Indonesian Stock Exchange In The Perspective Of Sharia Economic Law

Fri, 20 Dec 2024 00:00:00 +0000

Stock transactions in the capital market are considered speculative activities so that they are prohibited by Islam and are not in accordance with sharia because they lead to gambling. This study aims to provide an explanation to prospective investors about the law of stock investment from the perspective of sharia economic law. This research method uses a literature study which is used to examine the basis of sharia economic law regarding stock investment. The research results show that stock transactions are a business agreement (trade association or partnership), so buying and selling shares on the Indonesian Stock Exchange is permitted because shares are proof of ownership of a company in the form of assets. The jurists who allow this are Abu Zahrah, Abdurrahman Hasan and Abdul Wahab Khallaf.

Benefits Of Sukuk For Infrastructure Development In Papua

Fitria Pangesti, Dewi Shinta Nuriyah, Siti Nur Haliza — Fri, 20 Dec 2024 00:00:00 +0000

Sukuk are certificates that present proof of ownership which is divided into tangible assets, benefit value, services or ownership of project assets or investment activities. Issuance of Sukuk for general state financing purposes or financing specific projects, such as the construction of alrenative roads, airports, educational facilities and hospitals. This journal will focus on the benefits of sukuk for the development of Eastern Indonesia and aims to understand the impact and benefits of sukuk issuance in the context of economic and infrastructure development in the Eastern Indonesia region, especially Papua. It is stated in Law Number 19 of 2008 concerning State Sharia Securities, SBSN or State Sukuk, namely state securities whose issuance is based on sharia principles, is proof of participation in SBSN assets, both in rupiah and foreign currency. In general, there are several types of sukuk, namely: Mudharabah Sukuk, Murabahah Sukuk, Musyarakah Sukuk, Salam Sukuk, Istishna Sukuk, Ijarah Sukuk. The rate of economic growth and investment in a country or region cannot be separated from the availability of infrastructure such as transportation, telecommunications, sanitation and energy. This causes infrastructure development to become the foundation of sustainable economic development. Sukuk are starting to be used to finance government projects in various countries and one of them is in Eastern Indonesia, such as alternative roads, namely the Youtefa Bay Bridge and Siboru Airport in Nabire, West Papua.

Analysis of Market Development Challenges and Opportunities Bonds in Papua Land

Sayful Saputra, Fathirul Akmal, Meilani Sukma Ayu, Tahiruddin — Fri, 20 Dec 2024 00:00:00 +0000

In the context of developing the bond market in Tanah Papua, there are several major challenges such as lack of market infrastructure, low financial literacy, and limited access to bond products. This study aims to analyze the opportunities arising from rapid economic growth, increasing infrastructure needs, and abundant natural resource potential in this region. The method used is a qualitative approach through literature review and conceptual analysis. The results of the study indicate that with the right strategies, such as building market infrastructure, increasing financial literacy, and developing innovative bond products, Tanah Papua has great potential to develop a strong and sustainable bond market. The conclusion of this study is that developing the bond market in Tanah Papua can be the key to accelerating economic development and community welfare by addressing challenges through a holistic strategic approach. This study provides useful input for relevant stakeholders in efforts to develop the bond market in Tanah Papua, so that it can support economic growth and the welfare of the local community as a whole.

Strategies for Sharia Tourism Management: Realizing Sustainable Halal Tourism

Agus Wahyu Irawan — Fri, 20 Dec 2024 00:00:00 +0000

Halal tourism, or Sharia tourism, has emerged as a rapidly growing sector within the global tourism industry, driven by the increasing demand from Muslim travelers seeking destinations that align with their religious principles. This study explores the strategic management practices necessary to develop and sustain halal tourism while addressing challenges such as the lack of standardized guidelines, limited infrastructure, and misconceptions about Sharia tourism. By adopting a comprehensive approach that includes policy development, infrastructure investment, community engagement, and marketing innovation, halal tourism can unlock its full potential as a driver of economic growth, cultural preservation, and ethical travel. The research emphasizes the role of collaboration among governments, private sector stakeholders, and local communities in fostering an ecosystem that supports halal tourism. Furthermore, capacity-building efforts through education and training are highlighted as critical to ensuring consistent service quality. This study concludes that strategic management is key to realizing sustainable halal tourism, benefitting both Muslim and non-Muslim travelers while promoting inclusivity and cross-cultural understanding in the global tourism landscape.

Implementation Strategies of Halal Management Systems in the Food and Beverage Industry in Indonesia

Heri Kuncoro Putro — Fri, 20 Dec 2024 00:00:00 +0000

The halal industry has emerged as a crucial sector in Indonesia, the country with the largest Muslim population in the world. With increasing global demand for halal-certified products, especially in the food and beverage sector, implementing a robust Halal Management System (HMS) has become essential for businesses aiming to meet consumer expectations and comply with national and international standards. This study explores the strategies for implementing HMS within Indonesia's food and beverage industry, focusing on challenges, opportunities, and best practices. Despite the growing awareness of halal compliance, many companies face difficulties in understanding and integrating halal standards into their operations. These challenges include insufficient knowledge, lack of skilled personnel, and complex certification processes. Moreover, companies often struggle to align their supply chain practices with halal requirements, ensuring the traceability and integrity of raw materials. However, implementing a structured HMS can enhance product quality, strengthen consumer trust, and expand market reach domestically and internationally. This study will analyze key strategies such as workforce training, technological integration for supply chain transparency, and collaboration with certification bodies to streamline compliance. By addressing these aspects, the research aims to provide actionable insights for businesses and policymakers to promote sustainable growth in Indonesia's halal food and beverage industry.