The Construction of Islamic Economics: An Effort to Improve Community Welfare at Baitul Muamalat Al-Hikmah Pondok Pesantren Nurul Huda, Blora, Central Java

Abstract

Islamic economic construction is one approach that is believed to be able to improve community welfare. Baitul Muamalat (BMA) Al Hikmah Pondok Pesantren Nurul Huda, Blora, Central Java, has practiced Islamic economic activities for the welfare of the community. Based on the social construction framework, this article aims to explore the construction of the Islamic economy conducted by BMA Al Hikmah Pondok Pesantren Nurul Huda, Blora, Central Java. Using a qualitative method, this study collected data through observation, in-depth interviews, and documentation studies. The results showed that the implementation of Islamic economics at BMA Al Hikmah Pondok Pesantren Nurul Huda is carried out through various sharia-based economic activities, such as sharia cooperatives, Islamic-based businesses, and social activities such as house renovations for the surrounding community. This article finds that sharia-based economic activities carried out by BMA Al Hikmah Pondok Pesantren Nurul Huda play a role in providing knowledge and enriching people's experience in applying the principles of Islamic economics as a construction of Islamic economics. This article recommends optimizing Islamic economic governance through increasing the capacity of human resources, strengthening cooperation networks with other Islamic economic institutions, and developing Islamic business innovations so that economic benefits can be felt more widely by the community.