This study examines the potential of productive waqf as an alternative financing mechanism for Micro, Small, and Medium Enterprises (MSMEs) in Indonesia within the framework of Islamic business law. Amid limited access to conventional financing due to administrative and interest-based barriers, productive waqf emerges as a sharia-compliant and socially inclusive solution. Using a qualitative-descriptive method through library research, the study analyzes literature from academic sources and waqf institutions. The findings show that productive waqf not only offers capital assistance but also empowers MSMEs through training, infrastructure, and fair financing schemes. This financing model aligns with Islamic principles such as justice, prohibition of riba and gharar, and public benefit (maslahah). Successful implementations by institutions like Dompet Dhuafa and Bank Wakaf Mikro demonstrate its effectiveness in increasing business capacity, income, and job creation. The study concludes that productive waqf can significantly contribute to sustainable and equitable economic development when supported by strong regulation, professional nazhir management, and broader public awareness.Keywords: Islamic business law, MSMEs, productive waqf, alternative financing, sharia economy

The development of information technology has led to a shift in the economic transaction system towards digital. This change brings convenience, but also challenges in maintaining the suitability of transactions with sharia principles in muamalah fiqh. This research aims to examine the implementation of digital transactions from the perspective of Islamic law. The method used is a literature study. The results of the analysis show the importance of the principles of justice, clarity of contracts, transparency, and the prohibition of usury, gharar, and maysir in digital transactions. Islamic financial institutions play a role in providing sharia-compliant digital services. The main challenges faced are the lack of public understanding and the security risks of digital transactions. The solution offered is continuous education and strengthening sharia-based regulations. With this approach, digital transactions can develop in line with Islamic values.Keywords : Digital Transactions, Fiqh of Muamalah, Islamic Finance, Islamic Law

This research delves into the significance of Islamic business ethics in cultivating consumer trust within the contemporary business landscape. Emphasizing principles like honesty, justice, trustworthiness, and transparency rooted in sharia law, Islamic business ethics aims to foster a just and sustainable economic framework. Through a descriptive qualitative analysis drawing on a literature review, the study highlights how adhering to Islamic values such as tawhid, knowledge, justice, responsibility, freedom, benevolence, and the distinction between halal and haram can curb fraudulent behaviors and enhance consumer loyalty. Findings demonstrate that companies embracing Islamic business ethics not only steer clear of legal infractions and reputational harm but also bolster consumer relationships based on trust and continued satisfaction. Thus, integrating Islamic business ethics serves as a cornerstone for ethical, competitive, and divinely favored business operations.Keywords : Islamic bussines ethics, consumer trust, sharia principles, ethical bussines

This study aims to analyze the effect of leadership style and compensation on employee performance with work motivation as an intervening variable at Pamella Tiga Yogyakarta. The population and sample in this study were Pamela Tiga Yogyakarta employees totaling 45 respondents. This research uses a quantitative approach with survey method and data analysis using SmartPLS with Concurrent Validity test, Loading Factor, Average Variane Extracked (AVE), Discriminant Validity, Fornel Larcker, Cross Loading, Reliability, Cronbach Alpha, Composite Reliability, R Square and Hypothesis Testing. The results showed that there was no positive and significant effect of Leadership Style (X1) on employee performance (Y) at Pamella Tiga Yogyakarta, there was a positive and significant effect of Compensation (X2) on employee performance (Y) at Pamella Tiga Yogyakarta, there was a positive and significant effect of Leadership Style (X1) on Work Motivation (Z) at Pamella Tiga Yogyakarta, There is a positive and significant effect of Compensation (X2) on Work Motivation (Z) at Pamella Tiga Yogyakarta, There is a positive and significant effect of Work Motivation (Z) on employee performance (Y) at Pamella Tiga Yogyakarta, There is no positive and significant effect of Leadership Style (X1) on employee performance (Y) mediated by Work Motivation (Z) at Pamella Tiga Yogyakarta, There is no positive and significant effect of Compensation (X2) on employee performance (Y) mediated by Work Motivation (Z) at Pamella Tiga Yogyakarta.

The digital trade sector has grown rapidly as a result of advancements in IT, including the e-commerce drop-shipping approach. Drop-shipping is a business practice in which a company sells products without keeping stock; instead, they order the product from a third party after receiving a customer order. This study analyzes Islamic law for dropshipping e- commerce in Indonesia, although this method is becoming increasingly popular due to its ease and success. There are many questions about its legitimacy according to Islamic law, especially concerning the principles of honesty, ownership of goods, and the prohibition of gharar. A normative approach was used to conduct this study. It included qualitative analysis of literature related to fiqh muamalah, fatwas of scholars, and regulations.Keywords : Dropshipping, E-commerce, Fiqh Muamalah, Gharar, Islamic Law

The transformation of the digital economy presents new challenges for the Islamic business law system, which is based on the principles of justice, transparency, and blessing. The dynamics of the digital economy, such as e-commerce, fintech, and blockchain, require the reconstruction of Islamic business law to remain relevant and responsive to contemporary developments. This study aims to analyze the necessity of reconstructing Islamic business law in response to the digital economy transformation, using a qualitative approach based on literature review. The findings reveal legal vacuums, a lack of specific regulations, and challenges in integrating Sharia principles into the digital ecosystem. Therefore, regulatory updates, the strengthening of Sharia economic legal literacy on social media, and innovation in digital economic fatwas are needed to build a fair, sustainable, and Sharia-compliant business ecosystem aligned with the maq??id al-shar?’ah.Keywords : digital economy, fintech Sharia, Islamic business, legal reconstruction, digital transformation.

This study aims to examine the influence of profitability and firm size on financial distress  in companies operating within the consumer cyclicals sector listed on the Indonesia Stock Exchange during the 2021–2023 period. Financial distress  was assessed using the Altman Z-Score model. A quantitative approach was employed, utilizing purposive sampling to select a final sample of 101 companies. The analysis was conducted using panel data regression with a fixed effect model. The results indicate that profitability has a positive and statistically significant effect on financial distress , while firm size exerts a negative and significant influence. These findings suggest that companies with higher profitability are generally more resilient to financial distress , whereas larger firms may still be exposed to financial vulnerabilities if not managed effectively.

This study analyzes the concept of profit margin determination in murabahah contracts from the perspective of fiqh muamalah. Murabahah, as a widely used financing instrument in Islamic financial institutions, often encounters controversy due to the practice of setting margins based on conventional interest benchmarks such as the BI Rate. This raises concerns about its compliance with sharia principles. Using a qualitative approach through literature review, the study examines classical and contemporary fiqh views, regulatory fatwas, and empirical findings on margin determination practices. The results show that while murabahah is legally valid under Islamic law, the current implementation in many institutions deviates from its original intent, particularly regarding transparency, fairness, and independence from riba-based benchmarks. The study recommends a cost-plus pricing model that incorporates real operational costs, transaction risk, and maqashid al-shari’ah considerations. It also emphasizes the need to enhance the role of Sharia Supervisory Boards and issue regulatory guidelines to ensure margin setting aligns with Islamic ethical standards. This research contributes to the discourse on aligning modern Islamic financial practices with the foundational values of justice, transparency, and public interest in Islamic economics.Keywords: fiqh muamalah, Islamic finance, margin, murabahah, sharia compliance

This research seeks to explore the significance and impact of fiqh muamalah as the foundation of Islamic business ethics in addressing the challenges of the modern economy. In the dynamic world of business, principles such as honesty, justice, and social responsibility are essential for building an ethical and sustainable economic system. The research method used is a literature review with a descriptive approach, analyzing both classical and contemporary sources related to fiqh muamalah. This study highlights how Islamic values can be applied in the context of digital economics, e-commerce, fintech, and corporate social responsibility. The findings indicate that fiqh muamalah remains relevant and can serve as an ethical foundation for modern business practices. Sharia principles offer moral guidance for entrepreneurs in balancing material and spiritual aspects. Keywords : fiqh muamalah, islamic business ethics, modern economics

This article discusses the importance of a multicultural approach in guidance and counseling, in a country rich in cultural diversity. Within this context, counselors are expected to understand and appreciate the cultural differences faced by clients, including different values, norms, and perspectives. Multicultural counseling not only increases the effectiveness of the counseling process, but also creates a safe counseling environment for clients to express themselves. By understanding the client's cultural background, the counselor can minimize potential conflicts and increase confidence in the counseling relationship. This research uses a qualitative method with a literature study to explore the challenges and solutions in multicultural counseling practice. The findings of this article suggest that sensitivity to cultural diversity is essential for successful inclusive and responsive counseling.