Does the management of investment in Hajj funds in Indonesia impact the economy and welfare of the pilgrims in Indonesia? This study aims to see how the management of hajj funds in Indonesia. This research is motivated by the phenomenon of Hajj funds' investment management pattern that is applied in Indonesia. The location of this research is in Indonesia, where most of the population is Muslim. This study uses a qualitative approach. Data collection techniques used are through interviews and documentation. Interviews were conducted with the Hajj fund manager at the Indonesian Ministry of Religion, the Badan Pengelola Keuangan Haji (BPKH), and Bank Syariah Mandiri. Hajj funds managed by BPKH are placed on deposits and investments in securities. BPKH has now developed a hajj fund, and the investment returns positively impact the welfare of the hajj. The management of hajj funds through investment is the right way to benefit the congregation and for the welfare and benefit of the congregation during the pilgrimage. The return on investment is a government subsidy for pilgrims or covers the difference between the total cost of organizing the pilgrimage and the deposit paid by prospective pilgrims to the government. Pilgrims themselves can feel the subsidies provided through the management of hajj funds.

Abstract

This study formulated a model of Islamic economic orientation towards microfinance institutions (MFIs) in Solok Indonesia. The approach method used is Participatory Action Research (PAR) on Islamic economics in social change. This study produces three models of Islamic economic orientation, namely social, profit and social-profit. Thus, this research helps the community in implementing a more reliable Islamic economy.

This article aims to examine the discourse of Islam within the Islamic populism movement. The study of Islamic populism continues to receive attention in recent years. With remarkable developments, this article aims to explore the concept of Islamic populism within ChatGPT as a human intelligence platform that has been formatted into a technological program. This study is a qualitative research using a literature review approach. All data comes from the text-based ChatGPT, resulting from systematically formulated questions input on January 9th, 2023. Findings from ChatGPT's readings on Islamic populism provide information that the movement lacks a single meaning and definition. Islamic populism adapts to religious issues and sentiments, depending on the context in which it develops

AbstrakBay' al-murabahah includes selling and buying mandate, theoritically selling and buying mandate is done by seller and buger, based on the price of the goods, and price of seller; then add with profit. Application bay' al-murabahah in bank syari'ah often get critics, because additional (profit) to the price of goods is no different with the system interest of conventional bank. This financing transaction artificially applied to the sale and purchase transaction of goods and additional (profit) to the price of good, the relation to the period known as the credit, by payment delays. It clearly that postpone of payment is not essential characteristics from bay' al-murabahah, this characteristic is a credit provided by the bank to the customer. There, it needs to further discussion and evaluation of the application of purchase murabahah by the main problem is how the application bay' al murabahah in bank muamalat branch Padang that.Keyword: bay c al-murabahah, margin. AbstrakBay 'al-murabahah mencakup mandat penjual dan pembeli, secara teoritis menjual dan membeli mandat yang dilakukan oleh penjual dan pembeli, berdasarkan harga barang, dan harga penjual; kemudian menambahkan dengan keuntungan. Aplikasi bay 'al-murabahah di Bank syari'ah sering mendapatkan kritik, karena tambahan (profit) dengan harga barang tidak berbeda dengan kepentingan sistem bank konvensional. Transaksi pembiayaan ini artifisial diterapkan pada transaksi jual beli barang dan tambahan (profit) dengan harga yang baik, hubungan dengan periode yang dikenal sebagai kredit, dengan penundaan pembayaran. Ini jelas bahwa menunda pembayaran tidak karakteristik penting dari bay 'al-murabahah, karakteristik ini adalah kredit yang diberikan oleh bank kepada nasabah. Di sana, perlu diskusi lebih lanjut dan evaluasi penerapan pembelian murabahah dengan masalah utama adalah bagaimana penerapan bay 'al murabahah di bank muamalat cabang Padang tersebut.Kata Kunci: bay c al-murabahah, margin PENDAHULUANSistem pembiayaan 1 dalam keuangan Islam merupakan suatu keinginan yang memberi harapan bagi praktik riba yang sampai sekarang masih membelenggu kehidupan 1 Pembiayaan adalah penyediaan uang atau yang dapat disamakan dengan itu, berdasarkan persetujuan dan kesepakatan antara bank dengan pihak yang dibiayai.Pengembalian uang atau tagihan dilakukan setelah jangka waktu tertentu dengan imbalan atau bagi hasil. Berbeda dengan kredit, dimana pengembalian uang