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All Journal Al-Ihkam: Jurnal Hukum dan Pranata Sosial Journal of Islamic Law
Muhammad Fauzinudin Faiz
Universitas Islam Negeri Kiai Haji Achmad Shiddiq Jember
Religion Humanities Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice Social Sciences

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A Critical Analysis of Islamic Law and Fatwa of MUI (Majlies Ulama Indonesia) & NU (Nahdlatul Ulama’) on A Gold-Backed Cryptocurrency (OneGram) M. Asrorun Niam Sholeh; Muhammad Fauzinudin Faiz; Moh. Muhlis Anwar
Al-Ihkam, Jurnal Hukum dan Pranata Sosial Vol 17 No 2 (2022)
Publisher : Faculty of Sharia IAIN Madura collaboration with The Islamic Law Researcher Association (APHI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19105/al-lhkam.v17i2.6511

Abstract

Cryptocurrency is a result of recent development of digitalization in the financial transaction. OneGram is a part of it that uses gold instruments to back up and maintain its value stable. The purpose of this study is to explore how Islamic law and MUI & NU, through their fatwa, percieve the OneGram. This research uses a qualitative approach to gain a deep understanding of the OneGram by using secondary data collected from the Quran, hadith, relevant academic journals according to Islamic law and fatwas from both organization. The results of this study state that OneGram is allowed by Islamic law and the fatwa to be used as digital payment system. OneGram is furthermore supervised by shariah supervisory board to avoid gharar (uncertainty) and maysir (gambling) in maintaining its value. The unique fact from this digital currency is that the use of gold in transaction had been applied in the time of Prophet Muhammad SAW. From this digital development, OneGram as a gold-backed cryptocurrency can revive the function of dinar as currency. OneGram transforms the gold value in dinar coin which physically has no flexibility in today transaction to the gold value in digital platform which has flexibility in digital transaction with broad accesability.
Challenging the Status Quo: Khaled M. Abou El Fadl’s Perspectives on Islamic Legal Authority and the Restrictive Fatwa on Women’s Solo Travel Muhammad Fauzinudin Faiz; Dawam Multazamy Rohmatulloh; Muhammad Solikhudin
Journal of Islamic Law Vol 4 No 1 (2023): Journal of Islamic Law
Publisher : Institut Agama Islam Negeri (IAIN) Pontianak

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24260/jil.v4i1.1071

Abstract

This article discusses Khaled M. Abou El Fadl’s (El Fadl) views on Islamic legal authority and his critique of the fatwa prohibiting women from travelling alone without a maḥram (unmarriageable kin) issued by the Council for Scientific Research and Legal Opinions (CRLO), Saudi Arabia. This research employs a literature review method by analysing several fatwas issued by the CRLO and several of El Fadl’s works as primary sources. The research findings indicate that El Fadl strives to formulate an authoritative and progressive Islamic law. El Fadl criticises the CRLO’s authoritarian fatwa regarding the prohibition of women travelling alone without a maḥram using a hermeneutic framework. El Fadl emphasises that the reader must understand the message of the religious text by connecting the text at the time of its revelation with the current text, considering the text’s competence, meaning determination, and representation. According to El Fadl, the hadith text used as a basis by the CRLO is no longer relevant in the current context because of the sense of security can be overcome on which the fatwa is based. The author argues that El Fadl’s views belong to progressive Muslim thinking. This article is expected to contribute to the discourse on openness and inclusivity in Islam.
Co-Authors Dawam Multazamy Rohmatulloh Moh. Muhlis Anwar Muhammad Solikhudin Sholeh, M Asrorun Niam