The Impact of Halal at Thayyib and Consumption Ethics Impact on Economic Growth: An Economic Tafsir Al-Baqarah:168

Abstract

This study investigates the contribution of Islamic banks and Islamic windows to thegrowth of the Nigerian economy. Data were obtained using structured questionnaires.379 copies of questionnaires were administered based on the sample size obtainedvia the use of Taro Yamane formula. 367 questionnaires were successfully retrieved.Variables such as deposit activities, loan activities, and perception of bank employeeswere also adopted as explanatory or independent variable and dependent variablerespectively. To support the study hypothesis were also formulated. For the analysis,measures of central tendency (tables, frequency and percentages) and inferentialstatistics (Logit Regression) were used. The result revealed that the variables (i.e.deposit and loan activities) have a positive impact on the growth of Nigeria’s economybecause the probability values of the variables (P=0.003 and 0.019) were less thanalpha (α =0.05) level of significance. In other words, this implies that Islamic banksand windows have largely supported private consumption, business investments of itscustomers, aid government spending via sharia bonds (sukuk) to fund developmentalprojects of its customers. The study concludes that Islamic banks and windows havecontributed towards the growth of the Nigeria’s economy. Furthermore, the studyrecommends that there is need for creating the necessary legal framework to ensureits smooth operations, intensify efforts on creating public awareness, rolling out moresharia compliant products that can take care of the peculiarities that exist in businessenvironment and training and retraining of staff on effective Islamic banking.

Halal-Thayyib, Food Products, and the Halal Industry: A Thematic Analysis on the Verses of the Qur'an

“…Another important study in the application of halal and thayyib to food products emphasizes consumer assessment of halal food products that must comply with sharia provisions (Ihsani & Febriyanti, 2021), has three main aspects in the form of compliance with Islamic law, cleanliness, and safety in marketed food products. (Insani et al, 2019), and facilitate the guarantee of halal products on the food sold (Elyusufi et al, 2022).…”

“…is the basis for the development of the global halal industry, especially food products (Insani et al, 2019;Untari & Safira, 2021). This article will further discuss the following issues: first, the use of the term halal-thayyib in the Qur'an which implies legal provisions regarding food products; second, food products, halal product assurance system, and halal food certification in the global halal industry.…”

Potret Kinerja Bank Syariah Indonesia (Bsi) Dalam Mengembangkan Industri Halal Di Indonesia

“…Implikasi dari keluarnya UU ini adalah negara secara resmi mengakui dan menjamin syariat Islam yang berupa kewajiban mengkonsumsi makanan halal dan thoyib seperti yang tertuang pada Laporan Ekosistem Industri Halal yang dikeluarkan oleh Bank Indonesia tahun 2020. Penelitian yang dilakukan oleh Insani, dkk, di tahun 2019 mengemukakan bahwa konsumsi menjadi salah satu pilar dalam ekonomi Islam yang harus sesuai dengan konsep halal dan thayyib yakni mengandung 3 aspek yaitu tidak mengandung unsur haram, memberikan benefit dampak positif, dan tidak menyakiti akal dan raga (Insani et al, 2019).…”

Pandangan Ekonomi Islam terhadap Sikap Konsumerisme Akibat Metode Pembayaran Tunda Bayar (PayLater)

“…Secara khusus, Islam memiki cara pandang dan aturan yang lebih spesifik mengenai kegiatan konsumsi yang mengarah pada konsep halal serta terpenuhinya salah satu kebutuhan dasar yang sesuai dengan maqāṣid sharia (Insani et al, 2019). Halal dalam bahasa Arab memiliki makna dizinkan atau diperbolehkan sedangkan kebalikan dari halal yaitu haram yang artinya dilarang atau tidak diperbolehkan (Suparno, 2020).…”