Vol. 3 No. 2 (2025): Sharia Governance and Sustainable Finance

View Vol. 3 No. 2 (2025): Sharia Governance and Sustainable Finance

This issue explores the evolving landscape of Islamic finance as it integrates ethical governance, sustainability, and innovation to address global economic challenges. The first article investigates how knowledge, Sharia compliance, religiosity, and local wisdom shape green banking behavior, emphasizing the moral foundation of environmental responsibility in Islamic finance. A maqashid shariah-based evaluation of the Cash Waqf Linked Sukuk (CWLS SW001) highlights the role of sharia instruments in strengthening productive waqf and supporting social welfare. The discussion on ethical integrity and regulatory compliance in Sharia-compliant multi-level marketing stresses the need for transparency and adherence to Islamic ethical principles in modern business models. A comparative study on zakat governance in Malaysia, Turkey, and Indonesia examines how institutional efficiency and social justice can be harmonized across Islamic nations. Finally, the empirical study on financial innovation and Sharia governance reveals the dynamic relationship between cryptocurrencies and traditional banking risk–return structures in Indonesia’s financial ecosystem. Collectively, this edition underscores how faith-based ethics and digital innovation can coexist to create a just, sustainable, and resilient Islamic economic system.

This issue features contributions from researchers in several countries, namely Indonesia presenting a variety of academic perspectives and insights.

DOI: https://doi.org/10.61536/alurwah.v3i2
Published: 2025-12-30

Articles

  • Comparison of the Concept of Khiyar According to the School of Fiqh

    Hengki Pranata, Rohib Arsadi, Meianna Putri Sitanggang, Rahmadhani Harahap, Nur Sania Dasopang
    71-76
    DOI: https://doi.org/10.61536/alurwah.v3i2.406

  • A Review of Islamic Law on Property Ownership Rights from the Perspective of Fiqh Muamalah

    Saipul Bakhri, M. Wahid Rangkuti, Ayani Yusriza Mahendra, M. Arif Arifin, Nursania Dasopang
    1-12
    • PDF |  Views: 47 times |  Download : 22 times
    DOI: https://doi.org/10.61536/alurwah.v3i2.401

  • The Strategic Role of BMT as a Non-Bank Islamic Financial Institution in Empowering MSMEs in Indonesia

    Nasywa Salsabila Wahdoni, Nida Ummu Rofikoh
    13-22
    • PDF |  Views: 15 times |  Download : 13 times
    DOI: https://doi.org/10.61536/alurwah.v3i2.402

  • Risk Management Analysis and Business Opportunity Identification in Sharia Investment Development

    Ahmad Muhajir, Pani Akhiruddin Siregar, Ahmad Afandi Surbakti
    23-27
    • PDF |  Views: 35 times |  Download : 18 times
    DOI: https://doi.org/10.61536/alurwah.v3i2.378

  • Sharia Financial Management Strategies in Improving the Effectiveness of Sharia Investment Management

    Fara Natasya Hamzah Lubis, Ahmad Afandi Surbakti, Pani Akhiruddin Siregar
    28-32
    • PDF |  Views: 17 times |  Download : 5 times
    DOI: https://doi.org/10.61536/alurwah.v3i2.367

  • Legal Analysis of Online Sales Transactions from the Perspective of Sharia Economic Law: Validity, Legitimacy, and Implementation Challenges

    Aulia Rahma Hafizha, Hanifa Khoirunnisa, Salma Nur Halizah, Della Puspitasari, Ahmadzaki Fadhila, Diana Setiawati
    33-41
    • PDF |  Views: 21 times |  Download : 7 times
    DOI: https://doi.org/10.61536/alurwah.v3i2.369

  • Implementation of Sharia Investment in Islamic Banking: Analysis of Principles, Contracts, and Challenges in Strengthening the Islamic Financial System

    Fatih Siraj, Pani Akhiruddin Siregar, Ahmad Afandi Surbakti
    42-47
    • PDF |  Views: 33 times |  Download : 14 times
    DOI: https://doi.org/10.61536/alurwah.v3i2.383

  • Risk Analysis in Sharia Investment Management for Sharia Deposit Products Sharia Deposits

    Triwanda Aditiya, Pani Akhiruddin Siregar, Ahmad Afandi
    48-52
    • PDF |  Views: 32 times |  Download : 9 times
    DOI: https://doi.org/10.61536/alurwah.v3i2.390

  • The Role of Islamic Financial Institutions in the Development of MSMEs: An Analysis of Financing and Mentoring for Islamic-Based Micro-Enterprises in West Java

    Diana Setiawati, Nayla Putri Aryani, Mozart Tiasylva Syah Nuhandika, Arifkha Gita Zahara, Berliana Azizah, Kanaya Ayodya Indra Prasta, Indah Ayu Dewi Maharani
    53-64
    • PDF |  Views: 21 times |  Download : 11 times
    DOI: https://doi.org/10.61536/alurwah.v3i2.387

  • Sharia Buying and Selling Agreements in the Shadow of Artificial Intelligence: Contemporary Jurisprudence Review

    Majid Erlangga Hasibuan, Muhammad Raihan Ritonga, Nursania Dasopang
    65-70
    • PDF |  Views: 3 times |  Download : 3 times
    DOI: https://doi.org/10.61536/alurwah.v3i2.409