Universitas Islam Internasional Indonesia Repository
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Sustainability assessment in the halal herbal medicine sector : a comparative study of PT Herba Penawar Alwahida Indonesia and PT Sido Muncul Tbk
(Universitas Islam Internasional Indonesia, 2025-07-24) Ayurisya Dominata; Hanafi Sofyan Guciano; Istiana Maftuchah
This study aims to assess and compare the social impact of sustainable investment inthehalalherbal medicine business sector through the Social Return on Investment (SROI) approachand, withcase study of PT Herba Penawar Alwahida Indonesia (HPAI) and PT Sido Muncul. This researchisamixed-methods study combining qualitative and quantitativedata to answer the research questions. Data collection techniques were carried out through in-depth interviews, direct observation, studyvisits to companies, and documentation studies. This study shows that the integration of sustainablefinance principles inthe halal herbal medicine business sector provides a significant contributiontobusiness sustainability and consumer trust. Through a comparison between PT Herba PenawarAlwahida Indonesia and PTSido Muncul, it can be concluded that the two companies have differentapproaches in implementing sustainability principles, both in terms of governance, financing, andhalalproduct marketing strategies. PT Herba Penawar Alwahida Indonesia emphasizes sustainabilitywithasharia-based approach and strong religious values, while PT Sido Muncul integrates sustainabilityfocuss on a modern corporate framework. Both PT HNI and PT Sido Muncul have implementedSROIparameters with their respective levels of impact achievement. Integration of sustainable financenotonly strengthens competitiveness but also creates long-term added value for companies, consumers, and the environment. Therefore, it is important for other industry players to start adopting sustainablefinance practices, while prioritizing halal principles in all stages as part of their business strategy, especially in sectors that have ethical and health-based market potential such as halal herbal medicine. Focusing on increasing public awareness of green medicine or halal herbal medicineamongIndonesians and the global Muslim community, this presents a significant opportunity for theIslamicmedicine industry to developbroader business plans and increase literacy among Muslims andnon-Muslims regarding choosing halal herbal medicine alternatives. Therefore, collaborationbetweenstakeholders is clearly needed to disseminate the trend of green medicineor Indonesia's bioeconomy. Furthermore, halal herbal medicine companies areexpected to improve the quality and credibilityoftheir medicines by conductingcertification tests and compiling sustainability reports for publictransparencyof company operations. Furthermore, we need to encourage the expansionof productionand marketing of halal herbal medicine companies in Indonesia toexpand the market overseas.
Sharia-based securities crowdfunding for environmental sustainability goals : practitioners’ perceptions, platform initiatives, and institutional performances
(Universitas Islam Internasional Indonesia, 2025-07-17) Ahmad Akram Tjoteng; Rininta Nurrachmi; Aimatul Yumna
This study explores the extent to which Sharia-Based Securities Crowdfunding (SBSC) platforms in Indonesia involve in environmental sustainability goals. Using a qualitative research approach, the study aims to evaluate the platforms’ perceptions, initiatives, and institutional performances related to environmental sustainability, particularly in the context of SBSC platforms. Primary data were obtained through semi-structured interviews with four key informants from three selected platforms with the highest distributed fund as of February 21, 2025—SHAFIQ, LBS Urun Dana, and Urun-RI. Secondary data were selectively obtained from official website publications of the selected platforms. The analysis was conducted using an inductive approach supported by NVivo to identify emerging themes. Findings show that SBSC platforms are developing awareness regarding environmental sustainability practices. Informants demonstrated knowledge of environmentally aligned business sectors, such as renewable energy, organic fertilize-based farming, waste management, and electric vehicles. Some platforms also associate environmental-related projects with national development strategies and Sustainable Development Goals. However, this conceptual understanding has not yet reflected in institutionalized criteria or structured mechanisms for environmental-related sustainability project evaluation. While one platform has taken proactive steps—such as implementing a ‘green label’ to mark SDG-aligned offerings—others have not yet adopted similar mechanisms. Collaborations with several communities and educational initiatives on green financing also indicate emerging engagement. However, these initiatives remain fragmented and largely informal across platforms. From an institutional performance perspective, the research highlights several limitations. None of the selected platforms apply sustainability-related criteria, nor do they offer incentives for environmentally sustainable projects. This also reflects their standard assessment of securities offerings. Informants also confirmed the absence of specified environmental impact evaluations, which indicated that green-related projects are evaluated using the same business-as-usual considerations as conventional ones. Furthermore, regulatory gaps and limited operational coverage were identified as barriers. In brief, growing awareness and early-stage initiatives toward environmental sustainability within SBSC platforms in Indonesia, these have not yet matured into systematic and institutionalized practices. Regulatory support, sustainability-based frameworks, and incentive mechanisms are necessary to elevate the role of SBSC in supporting SDGs, particularly in the context of environmental aspect.
Nurturing faith and morality : a broad approach to islamic education for early childhood
(Faculty of Islamic Studies Universitas Muhammadiyah Sumatera Utara, 2025-02-01) Bano, Shehar
Islamic teaching for children helps them develop proper values and achieve their full growth through family support. During early childhood many basic moral beliefs and religious practices establish what a child becomes and what they believe in. According to Islamic principles early education builds all aspects of a child's development including their spiritual education. This research studies Islamic early childhood education to show how it follows modern teaching approaches while helping solve modern learning problems. The study combines Islamic teaching insights with modern educational theory plus real-world examples to show how everyone plays part in teaching children proper faith and ethics. This work combines classic Islamic teachings with hands-on learning designs to create a flexible system for religious growth combined with intellectual and social learning. Our results show that teaching Islamic values needs joint efforts between educators and parents who use technology while showing positive examples and telling stories. Our study demonstrates the need to blend traditional faith teaching with modern lesson styles so students become morally excellent and socially engaged learners.
Islamic public policy : fundamentals, historical and contemporary applications
(World Academy of Science Engineering and Technology, 2025-06-09) Bano, Shehar
This research presents the theoretical framework and real-world empirical implementations of Islamic public policy on present-day governments. The study explores how the principles of Islamic Shariah which are derived from the Quran and Sunnah may be applied in the modern states with a view to achieving justice and progress in present-day governance system. Thus, the present qualitative approach used secondary data through text analysis, as based on the conventional, classical Islamic sources and peer-reviewed articles and case studies. In this study, an evaluation of the historical and the current aspects of Islamic public policy as critiqued through the method of content analysis. Further it was observed that although the Islamic governance offers a full ethical agenda based on justice, equity and public interest yet it faces certain shortcomings in its practice, some of them are how can we explain the revealed truths in the light of modern world and the deficiency of competent scholars in the sphere of policy making. Such challenges were discovered to be tractable with a dynamic approach that accommodates ijtihad and partnerships between scientists and economist. Based on this study, it was found that the incorporation of Islamic ethics into policy system could offer a workable solution to current challenges of governance, not simply restricted to the Islamic countries only, but as part of the discussion on justice and governance in the international level as well. Islamic public policy was present as a model for contemporary management of the state, pointing out social justice, economic justice and the public good as its rationales.
Determining the relationship of regional and religious dynamics : perceptions from the Arabian Peninsula
(Design for Scientific Renaissance, 2024-12-25) Bano, Shehar
Regional and religious factors in the Arabian Peninsula have long received scholarly research from several scholars. But the interaction of both regional dimensions and religion on the politics, social and economic fabric of Arabia has not received ample research. This research aims to examine the impact of regional power politics and religious rivalry on local political processes and foreign politics of Arabian Peninsula states. A critical analysis of historical, political and religious literature is then undertaken the purposes of understanding the roles of regional and religious factors for state governance, security issues and international policies within the region. It is assumed that regional competition and religious factor plays an important role in the political behaviors and affiliations of Arabian Peninsula states. The identified dynamics are expected to give an insight on how these have transpired over time and how they shape socio-political context. This study contributes to a gap in prior research by examining the relationship between regional structures of power and religious sectarianism while the latter is seen as independent in other works. The contributions of the study are expected to increase the awareness of the dynamics of regional and religious factors within the Middle East with focus on the impact of the KSA Vision 2030 and the emerging role of the kingdom in the region. These findings are expected to be useful to policy makers and academics studying the geopolitical and socio-religious changes in the Arabian Peninsula.