Focus & Scope

Journal Focus

Rizq: Journal of Islamic Economics and Finance is a peer-reviewed scientific journal dedicated to advancing scholarly discourse in the intersection of Islamic economic thought, ethical finance, and the pursuit of sustainable livelihood (rizq). The journal's primary focus is to critically examine and develop economic and financial systems that are not only compliant with Sharia principles but also actively contribute to maslahah (public interest), distributive justice, and human well-being in its holistic sense—spiritual, social, and material.

Unlike conventional journals that treat Islamic economics merely as a Sharia-compliant alternative, Rizq positions the concept of rizq as a foundational paradigm. This means emphasizing blessed sustenance over mere profit maximization, risk-sharing over risk-transfer, and real economic activity over financial engineering.

Journal Scope

The journal welcomes original research articles, conceptual papers, systematic literature reviews, and case studies within the following thematic areas (not limited to):

1. Foundational Philosophy of Islamic Economy

  • Epistemological critiques of mainstream economics from an Islamic worldview
  • The concept of rizq, barakah, and falah as economic objectives
  • Comparative studies between Islamic economic principles and other economic systems (capitalism, socialism, Buddhist economics, etc.)
  • Maqashid al-Sharia-based economic modeling

2. Islamic Finance and Banking

  • Innovations in Sharia-compliant banking products (beyond standard murabahah and ijarah)
  • Risk management in Islamic financial institutions
  • Performance and stability of Islamic banks vs. conventional banks
  • Islamic capital markets, sukuk structures, and Sharia equity screening
  • Fintech, blockchain, and digital assets in Islamic finance

3. Real Sector and Productive Economy

  • Islamic models for micro, small, and medium enterprises (MSMEs) empowerment
  • Profit-and-loss sharing contracts (mudharabah, musyarakah) in practice
  • Agricultural and trade financing based on salam and istisna'
  • Halal industry ecosystem and its supply chain finance

4. Social Finance and Distributive Justice

  • Zakat, infaq, sadaqah, and waqf (ZISWAF) for poverty alleviation
  • Productive waqf and cash waqf models
  • Qardh al-hasan (benevolent loan) as a development tool
  • Takaful (Islamic insurance) and micro-takaful for vulnerable communities

5. Islamic Public Finance and Governance

  • State budget policy from an Islamic perspective (baitul mal)
  • Fiscal instruments: zakat, kharaj, jizyah, ushr, and ghanimah
  • Sharia governance, ethical auditing, and corporate social responsibility (CSR) in Islamic institutions

6. Behavioral, Social, and Cultural Dimensions

  • Islamic behavioral economics (consumer and producer ethics)
  • Socio-economic impact of Islamic finance on inequality and well-being
  • Ethnographic and case studies of Muslim communities' economic practices
  • Fatwa dynamics and their economic consequences

7. Emerging and Critical Issues

  • Islamic green finance and climate resilience
  • Cryptocurrency, NFTs, and metaverse assets: Sharia analysis
  • Post-pandemic economic recovery through Islamic social finance
  • Artificial intelligence (AI) in Islamic financial services