Hafas Furqani, Hafas
Economics Department, International Islamic University Malaysia

Published : 10 Documents
Articles

Found 10 Documents
Search

Islamisasi ilmu ekonomi: Analisa komparatif kurikulum jurusan SMI IAIN Ar-Raniry dan jurusan ekonomi IIUM Furqani, Hafas
SHARE Vol 1, No 1 (2012)
Publisher : SHARE

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

There is a growing trend in the Muslim world to restructure modern knowledge and discipline in line with Islamic epistemological principles. Islamic economics, in particular, receives wide attention among scholars. Islamic economics is currently moving from a mere discourse on economics in Islamic perspective towards becoming a distinct discipline marked by a complete body of knowledge, clear subject matter, methodology/methodologies to appraise theories and continuous grow of knowledge. At the practical level, the universities all around the world are offering various subjects on Islamic economics and finance. There are significant attempts have been made to structure new framework of economics curriculum by incorporating various discipline of Islamic economics. The paper attempts to observe and survey the Islamization of knowledge program at the International Islamic University Malaysia and IAIN Ar-Raniry Banda Aceh Indonesia. A comparative analysis on the teachings and syllabus of Islamic economics, banking and finance in both universities will be made. Some recommendations on the structure and program of Islamic economics at IAIN Ar-Raniry which is going to be officiated as Islamic University will also be outlined.
The Foundations of Islamic Finance: Appraising the Approaches and Challenges Furqani, Hafas; Wahid, Nazaruddin A.
Global Review of Islamic Economics and Business Vol 1, No 1 (2013)
Publisher : Faculty of Islamic Economics and Business

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (5.098 KB)

Abstract

The emergence of Islamic finance as a system of thought and practice is timely in the midst of world crisis and the uncertain proposals for solving it. It is hoped that Islamic finance could offer a coherent perspective for understanding real economic problems as well as a genuine alternative to the very foundations of how finance should be managed to actualize human prosperity. It is widely expected that Islamic finance will continuously evolve into a more sophisticated form and structure in the next decade. Some, however, question whether the development is moving on the right track to realize the hopes pinned on it at the time of its initial establishment. This embarks from the differences in understanding the raison d?etre of Islamic finance emergence and hence approach taken in developing the industry. In this paper we argue that Islamic finance should be directed to provide for meaningful development in thetwenty-first century, Islamic finance must realize its full potential as a system, not merely a stopgap means of surviving the crisis. It must go beyond that to provide the guidelines for managing a good economy, stimulating growth and development, realizing socio-economic justice and promoting employment and stability. It cannot limit itself to merely offering economic and financial practices that satisfy the minimum standard of legal requirements.
GOOD FINANCE: INTEGRATION OF ETHICS AND SHARIAH IN ISLAMIC FINANCE Furqani, Hafas; Laldin, Mohamad; Mulyany, Ratna
IJIBE (International Journal of Islamic Business Ethics) Vol 1, No 2 (2016): September 2016
Publisher : UNISSULA

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (408.988 KB) | DOI: 10.30659/ijibe.1.2.121-130

Abstract

Islamic Financial industry is moving towards the global integration. There is a considerable acceptance of Islamic financial practices across the globe. Islamic finance is viewed positively as an attractive financial system that could be adopted in modern context. One of the reasons for this acceptance could be due to its ethical  promises. Islamic finance is perceived as an ethical based finance that is operating with a set of good ethics in financial dealings. With that ethical back up as the underlying principles in financial activities, there is wide expectation that it could offer a different perspective and approach in finance and a coherent perspective for understanding real economic problems faced by human being and hence could elegantly solve the crisis as regularly faced in the conventional financial system. Islamic finance is developed with the aim of capturing the moral high ground of banking and financial practices in an increasingly volatile world by offering a financial philosophy based on the triumph of ethics and dealing with customers in a more humanistic approach for the betterment of society. In this regard, the moral mastery is not only expected to be the hallmark of Islamic financial professionalism, but it is also desired to be naturally integrated in the system and its practitioners. Islamic finance aims to achieve a fair wealth circulation in society, fair and transparent financial dealings and justice in micro and macro dimension. The paper attempts to discuss the concept of ethics in Islamic finance, its basis, principles and objectives in the contemporary world.
Does Islamic Banking Contribute to Economic Development? Evidence from Malaysia Furqani, Hafas; Mulyany, Ratna
Tazkia Islamic Finance and Business Review Vol 3, No 2 (2008)
Publisher : Institute for Research and Community Empowerment (LPPM TAZKIA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (278.216 KB)

Abstract

Does Islamic banking contribute to the economic development of a country? In what way Islamic banking contribute to the economic development? Are the main question might be asked to examine the viability of Islamic banking to the economic development. This paper attempts to answer those questions by examining the dynamic interactions between Islamic banking and economic development of Malaysia by employing the Cointegration test and Vector Error Model (VECM) to see whether the Islamic financial system contributes to the economic development and economic development that contribute to the transformation of the operation of the Islamic financial system in the longrun. We use time series data of total Islamic bank financing (IB financing) and real GDP per capita (RGDP), fixed investment (GFCF), and trade activities (TRADE) to represent real economic sectors. We found that in the short-run only fixed investment that granger cause Islamic bank to develop for 1997:1-2005:4. Where as in the long-run, there is evidence of a bidirectional relationship between Islamic bank and fixed investment and there is evidence to support ‘demand following’ hypothesis of GDP and Islamic bank, where increase in GDP causes Islamic banking to develop and not vice versa. Islamic banking is also found to have less contribution to the international trade in the form of export and import of goods and services.Keywords: Islamic banking, economic growth, Malaysia, VECM
ISLAMISASI ILMU EKONOMI: ANALISA KOMPARATIF KURIKULUM JURUSAN SMI IAIN AR-RANIRY DAN JURUSAN EKONOMI IIUM Furqani, Hafas
Share: Jurnal Ekonomi dan Keuangan Islam Vol 1, No 2 (2012)
Publisher : Faculty of Islamic Economics and Business UIN Ar-Raniry

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (692.287 KB) | DOI: 10.22373/share.v1i2.719

Abstract

There is a growing trend in the Muslim world to restructure modern knowledge and discipline in line with Islamic epistemological principles. Islamic economics, in particular, receives wide attention among scholars. Islamic economics is currently moving from a mere discourse on economics in Islamic perspective towards becoming a distinct discipline marked by a complete body of knowledge, clear subject matter, methodology/methodologies to appraise theories and continuous growing of knowledge. At the practical level, the universities all around the world are offering various subjects on Islamic economics and finance. There are significant attempts have been made to structure new framework of economics curriculum by incorporating various discipline of Islamic economics. The paper attempts to observe and survey the Islamization of knowledge program at the International Islamic University Malaysia and IAIN Ar-Raniry Banda Aceh Indonesia. A comparative analysis of the teachings and syllabus of Islamic economics, banking, and finance in both universities will be made. Some recommendations on the structure and program of Islamic economics at IAIN Ar-Raniry which is going to be officiated as Islamic University will also be outlined. =========================================== Saat ini sedang berkembang tren di dunia muslim untuk merestrukturisasi pengetahuan modern dan disiplin sesuai dengan prinsip epistemologis Islam. Ekonomi Islam, khususnya, mendapatkan perhatian luas di kalangan ilmuwan. Ekonomi Islam saat ini bergerak dari sekadar wacana tentang ekonomi dalam perspektif Islam menjadi disiplin yang berbeda ditandai dengan tubuh pengetahuan yang lengkap, materi pelajaran yang jelas, metodologi untuk menilai teori dan pengetahuan yang tumbuh secara terus-menerus. Pada tingkat praktis, saat ini universitas di seluruh dunia saat ini menawarkan berbagai mata pelajaran ekonomi dan keuangan Islam. Ada upaya-upaya signifikan yang telah dilakukan untuk membangun kerangka kerja baru kurikulum ekonomi dengan memasukkan berbagai disiplin ilmu ekonomi Islam. Makalah ini mencoba untuk mengamati dan menyurvei Islamisasi program pengetahuan pada International Islamic University Malaysia dan IAIN Ar-Raniry Banda Aceh Indonesia. Sebuah analisis komparatif pada ajaran-ajaran dan silabus ekonomi Islam, perbankan dan keuangan di kedua universitas akan dibuat. Beberapa rekomendasi tentang struktur dan program ekonomi Islam di IAIN Ar-Raniry yang akan diresmikan sebagai Universitas Islam juga akan diuraikan.
Pergulatan Doktrin dan Realitas dalam Proses Teoretisasi Ekonomi Islam Furqani, Hafas
ISLAMICA: Jurnal Studi Keislaman Vol 11 No 1 (2016): September
Publisher : Pascasarjana Universitas Islam Negeri Sunan Ampel Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (443 KB) | DOI: 10.15642/islamica.2016.11.1.212-236

Abstract

This article examines the struggle between the doctrine and reality in the process of theorizing Islamic economics that until now remains a challenge in building the science of Islamic economics. The process of theorizing is a problem of epistemology and methodology. As a discipline in the realm of social sciences, Islamic economics uses authoritative sources of Islam (al-Qur’ân and Hadîth), logic and empirical experience. Islamic economic theory is expected to grow from all three of these sources. In contrast to conventional economic theory, the theory of Islamic economics is expected to grow from Islamic doctrine or principle of economy and rooted in empirical facts. The methodology of Islamic economics play a role in integrating doctrine and empirical reality in the process of theorizing Islamic economics. This article describes the three sources of Islamic economic epistemology, the link between doctrine and reality, and the interaction and integration of doctrine and reality in the process of theorizing Islamic economics. Islamic economic theory that is born must have integrity and be tested on three dimensions: doctrine, rationality, and empirical experience.
PEMBANGUNAN EKONOMI ISLAM DENGAN TIPOLOGI ILMIAH FURQANI, HAFAS
Maqdis : Jurnal Kajian Ekonomi Islam Vol 1, No 1 (2016): Januari - Juni 2016
Publisher : Universitas Islam Negeri Imam Bonjol Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (185.905 KB)

Abstract

Economic development in Islam, the scientists have different approaches vary. Differences in the approach because of differences in background of science the scientists involved in building the Islamic economy and also differences in terms of vision, ie where Islamic economics as a science would be directed. This paper observes three main approaches taken by scientists in the development of Islamic economics, namely (1) the methodology Usul al-fiqh economic development in Islam, (2) methodological pluralism, which uses a variety of scientific methodology in the scientific tradition of the West and Islam, and (3) the methodology developed in the program of Islamization of knowledge (Islamization of knowledge). The paper tried to examine the basic conception of the methodology used by scientists to build an Islamic economy and also notes the advantages and weaknesses of these approaches.
THE DISCIPLINE IN THE MAKING: APPRAISING THE PROGRESS OF ISLAMIC ECONOMICS Furqani, Hafas
Journal of Islamic Monetary Economics and Finance Vol 1 No 1 (2015): AUGUST
Publisher : Bank Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (4194.479 KB) | DOI: 10.21098/jimf.v1i1.481

Abstract

Islamic economics is currently moving from a mere discourse on economics in Islamic perspective towards becoming a distinct science of Islamic economics. There is a systematic effort from Islamic economic scientific community to develop a discipline of Islamic economics marked by a complete body of knowledge, clear subject matter, methodology/methodologies to appraise theories and continuous growth and accumulation of knowledge. This could be done if the scientific community put strong effort in explicating all the necessary foundations of science and achieve consensus on certain important aspect of discipline. In this paper we attempt to historically survey the development of Islamic economics towards becoming a distinct discipline, evaluate the current practices a adopted by the Islamic economics’ scientific community in settling up problems, and outlining forward agenda in order to achieve this discipline status.
KAjIAN METODOLOGI DAN SIGNIFIKANSINyA DALAM PENGEMBANGAN DISIPLIN ILMU EKONOMI ISLAM Furqani, Hafas
JURNAL EKONOMI DAN BISNIS ISLAM Vol 1 No 1 (2016): Volume I Nomor 1 April 2016
Publisher : IAIN Langsa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32505/jebis.v1i1.96

Abstract

Abstrak.Methodology, the study of science philosophy is generally included in the study of epistemology discussing the nature, sources, concepts and theories of science. Therefore, it follows the development of epistemology study and philosophy of science, although both of them are different in terms of their focus and scope of assessment. Epistemology discusses the theory of science, nature and its limitations, but the methodology is more arguing about the specific studies to examine how a theory born and its evaluation. As a new discipline, methodology study is very essential to build the scientific foundations of Islamic Economics producing its own theories. Solid methodology eases to raise the scientific structures of Islamic economics from the source of its discipline, utilizing its own scientific foundation. This paper examines the link between Islamic epistemology and the methodology of Islamic economics, the nature and the definition of the methodology itself and its significance in constructing the technical of Islamic economics.Keywords: epistemology, methodology, discipline, significance, Islamic economics
Zakat for Economic Empowerment of The Poor in Indonesia: Models and Implications Furqani, Hafas; Mulyany, Ratna; Yunus, Fahmi
IQTISHADIA Vol 11, No 2 (2018): IQTISHADIA
Publisher : Ekonomi Syariah IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (534.548 KB) | DOI: 10.21043/iqtishadia.v11i2.3973

Abstract

Sustainable wellbeing is one of the goals of zakat distribution whereby  the poor (mustahiq) are not only able to survive by having the basic needs fulfilled, but also are able to work and fulfill his needs and his family independently. The mustahiq independency is important to solve the problem of inequalities in society, marginalization, unemployemnt and poverty. This can only be achieved if zakat is able to used as a means for economic empowerment of the poor that would increase their capacity and enable them to become enterpreneur and hence able to fulfil their needs by themselves.  This article attempts to observe various zakat productive programs initiated by zakat institutions in Indonesia and also analyze their implications in empowering the poors and increase their level of wellbeing. The case study in this paper is Baitul Mal Aceh and Baznas Indonesia.