This article discusses the role of Kyai Arsantaka, who is considered one of the key figures in the formation of Purbalingga, a region in Central Java. As a revered historical figure, Kyai Arsantaka made significant contributions to the spread of Islamic teachings, as well as in establishing the social and cultural foundations of Purbalingga. Beyond his religious endeavors, his contributions can also be seen in infrastructure development, the strengthening of local traditions, and fostering harmonious social relationships within the community. This article explores the enduring legacy of Kyai Arsantaka spiritually, socially, and culturally which continues to be felt to this day. With a historical and anthropological approach, it provides an in-depth analysis of how the values championed by Kyai Arsantaka remain relevant and serve as guiding principles in the lives of the people of Purbalingga today.

This paper analyzes the victory of the Nahdlatul Ulama (NU) Party in the 1971 General Election in Surabaya Regency as part of the local political dynamics during the early New Order period. Using a political history approach and a qualitative-descriptive method, the article examines the social, cultural, and political strategies that contributed to NU's success. Data were collected through literature review, archival documentation, and interviews with historical witnesses and community leaders. The findings indicate that the network of Islamic boarding schools (pesantren) and traditional clerics (kiai) played a crucial role in consolidating grassroots support, while the post-G30S social climate and public distrust toward secular parties further strengthened NU’s position. These findings demonstrate that, despite the pressure of a New Order regime that supported Golkar, traditional Islamic cultural forces were still able to carve out political victories at the local level. This study contributes to a deeper understanding of how local cultural power can persist and even triumph within a centralized political system.

The rapid growth of financial technology (fintech) has significantly supported the expansion of e-commerce. This literature review explores how fintech innovations—such as digital wallets, online payments, and digital lending—enhance transaction efficiency, increase consumer trust, and support small businesses in online markets. Findings indicate a strong synergy between fintech and e-commerce, though challenges remain in data security, regulation, and digital literacy. This study aims to provide a concise overview of fintech's role in driving digital economic growth.Keywords : fintech, e-commerce, digital payment, innovation, digital economy

Musyarakah financing is a strategic tool to empower Micro and Small Enterprises (MSEs) through justice, collaboration, and profit-sharing based on Islamic principles. This study explores the implementation of musyarakah contracts in MSEs, identifies existing challenges, and proposes optimization strategies. Through a literature review, the study reveals that while musyarakah provides fair, interest-free financing, its application is limited by low Islamic financial literacy, weak oversight, and limited technological and managerial capabilities among MSE actors. Despite these issues, musyarakah plays a vital role in expanding access to capital, improving business practices, and strengthening MSEs' position in the national economy. Optimization can be achieved through enhanced education, stronger and sustainable partnerships, simplified regulations, and digital integration. With these improvements, musyarakah has strong potential to serve as an inclusive, sustainable instrument aligned with Islamic economic values, contributing significantly to the growth and resilience of the MSE sector.Keywords : Islamic Finance, Micro and Small Enterprises, Musyarakah.

Micro, Small, and Medium Enterprises (MSMEs) are an important part of the Indonesian economy, but many MSMEs still have difficulty using technology and transforming into sharia-based businesses. This study aims to analyze how technological innovation, especially e-commerce, can help MSMEs adapt to sharia business principles. Using a qualitative approach and literature study, this study examines the literature on sharia e-commerce, digital innovation, and the development of MSMEs in the digital era. The results show that e-commerce has great potential to expand the market, increase efficiency, and support sharia transactions such as interest-free financing. In addition, cooperation between digital platforms and sharia financial institutions can strengthen the halal economy. However, challenges such as low digital literacy, lack of infrastructure, and competition from large companies still exist. Therefore, it is important for all parties to cooperate to encourage the digitalization of MSMEs in an inclusive manner and in accordance with Islamic values. Keywords : MSMEs, e-commerce, technology innovation, sharia business, digital transformation.

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

Money laundering is a financial crime that undermines economic stability and ethical standards, particularly when viewed through the lens of Islamic economics. This study aims to analyze money laundering from both ethical and regulatory perspectives, focusing on how Islamic values can complement positive law in combating financial crimes. Using a qualitative normative approach, the research relies on interpretative analysis of legal documents, Islamic economic principles, and scholarly articles. The findings reveal that the conventional legal system, while imposing strict penalties through laws such as Indonesia’s Law No. 8 of 2010, often lacks moral foundations, making enforcement less effective. Islamic economics offers a holistic alternative, emphasizing core values such as honesty (shiddiq), justice (‘adl), and accountability (amanah) in financial transactions. These principles not only prohibit illicit enrichment but also promote a transparent and fair economic system. Furthermore, the Islamic concepts of ta’zir and hisbah provide ethical sanctions that can support existing regulations. This integration of legal and spiritual frameworks presents a viable strategy for fostering a morally sound and legally robust financial system, aligned with the Islamic objective of maslahah (public welfare). Keywords : Money Laundering, Ethics,Islam, Regulasi

This paper aims to examine the application of maqashid sharia in the field of muamalah jurisprudence, emphasizing the importance of the objectives of sharia in providing normative guidance that can be used to assess and formulate muamalah laws in order to achieve the welfare of the community. This research employs a qualitative analysis method with a literature review approach involving various relevant literary references. The findings reveal that the application of maqashid sharia not only serves to protect property (hifz al-mal) but also to promote social values such as justice, welfare, and the protection of individual rights. Furthermore, this research identifies that the implementation of maqashid sharia in a modern context can enhance public trust in the sharia financial system, as well as provide solutions to issues encountered in current muamalah practices. Keywords : Economic, Fiqh muamalah, Maqashid sharia, Sharia financial system, Social values

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 article discusses the ethics of collecting data on Muslim consumers in the digital era with reference to the principles of maqashid sharia, specifically hifz al-mal and maslahah 'ammah. The development of digital technology has changed the way consumers and businesses interact, but data collection practices often lack transparency and risk abuse. In this context, personal data protection is crucial to safeguard individual rights and prevent harm. This research aims to provide an ethical perspective rooted in Islamic values on data management, as well as recommend measures to improve consumer data protection.Keywords : Ethics, Data Collection, Muslim Consumer, Hifz al-Mal, Maslahah 'Ammah