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Cryptocurrency as A Main Currency: A Maqasidic Approach Mohd Noh, Mohd Shahid; Abu Bakar, Mohamed Syakir
al-Uqud : Journal of Islamic Economics Vol 4, No 1 (2020): January
Publisher : Universitas Negeri Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (434.767 KB) | DOI: 10.26740/al-uqud.v4n1.p115-132

Abstract

Cryptocurrency is a new phenomenon in investment industry in particular and financial world in large. The opportunities and threats come one over another in cryptocurrency debate that left people in perplex state whether to accept or reject the currency. In other view, it also brings advantages and inevitable disadvantages since it is operated online that vulnerable to number of threats and danger. This paper tries to examine maqasid views on this currency relying on SWOT analysis then will be viewed on the mirror of maslahah dan mafsadah as main pillars in maqasid al-syari’ah. As a result, this issue needs to be studied further since the maslahah and mafsadah sometime interchange the roles as particular, general maslahah and its counterparty since the system is always been designed for the benefits, that yet created the negative implication simultaneously. Furthermore, this innovation could be designed followed the desire of designers with dynamics structure in fulfilling the market’s needs.
Higher Education with Disabilities Policy: Ensuring Equality Inclusive Education in Indonesia, Singapore and United States Wardani Amnesti, Sheila Kusuma; Jundiani, Jundiani; Zulaichah, Siti; Mohd Noh, Mohd Shahid; Fitriyah, Lailatul
Journal of Human Rights, Culture and Legal System Vol. 3 No. 3 (2023): Journal of Human Rights, Culture and Legal System
Publisher : Lembaga Contrarius Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53955/jhcls.v3i3.135

Abstract

There are still relatively few people with disabilities who complete their education up to the university level in Indonesia. In contrast, Singapore and the United States are known for their high levels of innovation, especially in promoting equality in education. Three countries—Indonesia, Singapore, and the United States—share a common commitment to realizing the protection of disability rights. This research employs normative legal research methods, utilizing both statutory and comparative approaches. The findings of this study reveal that Singapore's universities have the highest percentage of disability-friendly institutions, with approximately 60% of colleges maintaining specialized Disability Services units. In the United States, only 4.7% of colleges offer Disability Services, while in Indonesia, the figure stands at 1.48%. Substantial, structural, and cultural challenges persist in all three countries when it comes to fulfilling the right to education, particularly concerning funding policies. Each nation needs to cultivate a culture of anti-discrimination in disability education. Notably, Indonesia has yet to implement an inclusive curriculum in higher education. This paper holds significant importance in the context of improving educational services for individuals with disabilities, ultimately contributing to the realization of equality in the education system.
EMPOWERING FUTURES: Unveiling Zakat's Vital Role Economic Development and Legal Framework in Malaysia's Daud, Mohd Zaidi; Mohd Noh, Mohd Shahid; Fidhayanti, Dwi; Mat Hussin, Mohd Norhusairi
Jurisdictie: Jurnal Hukum dan Syariah Vol 16, No 1 (2025): Jurisdictie
Publisher : Fakultas Syariah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18860/j.v16i1.31424

Abstract

This study investigates the vital role of zakat in Malaysia's economic development within the context of its legal and public policy frameworks. Zakat, an obligatory form of almsgiving in Islam, serves as a critical instrument for wealth redistribution and social welfare. The background of this study highlights zakat's potential to alleviate poverty, promote social justice, and drive economic empowerment in Muslim-majority countries. The primary objective is to examine how Malaysia's legal provisions, regulatory mechanisms, and public policy initiatives enhance the effectiveness of zakat in achieving these socio-economic goals. The methodology involves a comprehensive review of statutory instruments, state enactments, and administrative practices governing zakat, supported by case study analysis and statistical data on its economic impact. This mixed-methods approach enables a nuanced understanding of the intersection between zakat governance, legal structures, and economic outcomes. The study’s findings reveal that Malaysia's structured legal framework and progressive public policies have significantly improved zakat management, leading to effective poverty alleviation, economic empowerment, community development, and crisis response. Importantly, this research contributes to the fields of law and public policy by illustrating how legal reforms, institutional strengthening, and policy integration can maximize the socio-economic benefits of religious fiscal instruments like zakat, thereby fostering a more equitable and resilient national economy.Penelitian ini mengkaji peranan penting zakat dalam pembangunan ekonomi Malaysia dalam konteks kerangka hukum dan kebijakan publik. Zakat, sebagai kewajiban dalam Islam, berfungsi sebagai instrumen utama dalam redistribusi kekayaan dan kesejahteraan sosial. Latar belakang penelitian ini menyoroti potensi zakat dalam mengentaskan kemiskinan, mempromosikan keadilan sosial, dan mendorong pemberdayaan ekonomi di negara-negara dengan mayoritas Muslim. Tujuan utama penelitian ini adalah untuk menganalisis bagaimana ketentuan hukum, mekanisme regulasi, dan inisiatif kebijakan publik di Malaysia memperkuat efektivitas zakat dalam mencapai tujuan sosial ekonomi tersebut. Metodologi yang digunakan melibatkan tinjauan komprehensif terhadap instrumen hukum, enakmen negara bagian, serta praktik administratif yang mengatur zakat, yang didukung oleh analisis studi kasus dan data statistik terkait dampak ekonomi zakat. Pendekatan metode campuran ini memungkinkan pemahaman yang mendalam mengenai keterkaitan antara tata kelola zakat, struktur hukum, dan hasil-hasil ekonomi. Hasil penelitian menunjukkan bahwa kerangka hukum yang terstruktur dan kebijakan publik yang progresif di Malaysia secara signifikan meningkatkan pengelolaan zakat, sehingga efektif dalam pengentasan kemiskinan, pemberdayaan ekonomi, pembangunan komunitas, serta penanganan krisis. Secara khusus, penelitian ini memberikan kontribusi pada bidang hukum dan kebijakan publik dengan menunjukkan bagaimana reformasi hukum, penguatan kelembagaan, dan integrasi kebijakan dapat memaksimalkan manfaat sosial ekonomi dari instrumen fiskal keagamaan seperti zakat, guna mewujudkan perekonomian nasional yang lebih adil dan tangguh.
Implementing Confidentiality Principles in Sharia Economic Dispute Resolution Through Online Dispute Resolution in Indonesia Fidhayanti, Dwi; Mohd Noh, Mohd Shahid; Ramadhita, Ramadhita; Setyobudi, Teguh; Dwi Septyanto, Mochamad Fikry
Al-Risalah Vol 25 No 1 (2025): June 2025
Publisher : Fakultas Syariah UIN Sulthan Thaha Saifuddin Jambi, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30631/alrisalah.v25i1.1681

Abstract

The resolution of Sharia economic disputes through Online Dispute Resolution (ODR) in Indonesia has been growing in parallel with advancements in digital technology. In this context, the principle of confidentiality has become a crucial aspect to protect the privacy and security of the disputing parties' information. This research aims to analyze the implementation of the principle of confidentiality in ODR within arbitration institutions in Indonesia and identify the challenges and solutions related to data protection. The methodology employed is a sociological-juridical approach, utilizing primary data collected through interviews, focus group discussions (FGD), and documentation, alongside secondary data from relevant journals and regulations. The findings indicate that, while institutions such as Basyarnas and BANI have implemented various protocols to uphold confidentiality, including the use of secure digital platforms and strict regulations on data access, significant challenges remain, notably the potential for data breaches due to cyberattacks or technical negligence. Furthermore, inconsistencies in laws and legal interpretations have created legal uncertainty, which in turn impacts privacy protection. The contribution of this research is to provide recommendations for strengthening digital security standards, consistent policies, and raising awareness of the importance of confidentiality in ODR, thereby creating legal certainty and enhancing trust in the online resolution of Sharia economic disputes.
Regulatory Frameworks In Islamic Fintech: Comparative Insights From Indonesia and Malaysia Fidhayanti, Dwi; Mohd Noh, Mohd Shahid; Hanafi, Hanira; Satria, Muhammad Hatta
Jambura Law Review VOLUME 7 NO. 2 JULY 2025
Publisher : Universitas Negeri Gorontalo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33756/jlr.v7i2.30447

Abstract

Despite the rapid expansion of Islamic fintech in Indonesia and Malaysia, research comparing the legal and regulatory frameworks in both jurisdictions remains limited. This study addresses that gap by examining the differences and challenges within each country’s legal infrastructure that impact the development and governance of Sharia-compliant financial technology. The objective of this research is to analyze and compare the regulatory systems in Indonesia and Malaysia to identify structural strengths, weaknesses, and their implications for legal certainty and financial innovation. Employing a normative juridical method with a comparative legal approach, the study analyzes statutory instruments, regulatory frameworks, and institutional roles in both countries. The findings reveal that Malaysia benefits from a more cohesive and structured legal framework under the Islamic Financial Services Act 2013, supervised by Bank Negara Malaysia and the Securities Commission, ensuring enforceable Sharia compliance and robust innovation support. In contrast, Indonesia's regulatory environment suffers from fragmented oversight between OJK and DSN-MUI, resulting in legal uncertainty and limited enforcement of Sharia principles. This research contributes to the field of Islamic financial law by offering policy recommendations to harmonize regulatory frameworks, enhance legal clarity, and promote the sustainable growth of Islamic fintech ecosystems in Southeast Asia.