# Ar-Raniry State Islamic University of Aceh, Faculty of Islamic Economics and Business

> organisation involved in scholarly research

**Wikidata**: [Q74558148](https://www.wikidata.org/wiki/Q74558148)  
**Source**: https://4ort.xyz/entity/ar-raniry-state-islamic-university-of-aceh-faculty-of-islamic-economics-and-business

## Summary

Ar-Raniry State Islamic University of Aceh, Faculty of Islamic Economics and Business is a higher education institution in Indonesia dedicated to scholarly research in Islamic economics and finance, operating as part of the broader Ar-Raniry State Islamic University system in Aceh, Indonesia.

## Key Facts

- Country: Indonesia
- Associated with: Ar-Raniry State Islamic University (Universitas Islam Negeri Ar-Raniry)
- Faculty specialization: Islamic Economics and Business (Ekonomi dan Bisnis Islam)
- Classification: Research institute (based on instance_of classification)
- Institutional type: Faculty within a State Islamic University (UIN)
- Geographic region: Aceh Province, Indonesia
- Related publication: Share: Jurnal Ekonomi dan Keuangan Islam (Islamic Economics and Finance Journal)
- Publisher platform: jurnal.ar-raniry.ac.id
- Peer review process: Referenced in editorial policies documentation

## FAQs

### Q: What type of organization is Ar-Raniry State Islamic University of Aceh, Faculty of Islamic Economics and Business?

A: It is a faculty within a public Islamic state university in Indonesia, specializing in Islamic economics and business education and research. It is classified as a research institute organization focused on scholarly investigation in its field.

### Q: Where is Ar-Raniry State Islamic University of Aceh located?

A: The university is located in Aceh Province, Indonesia. Aceh is a special autonomous region on the northern tip of Sumatra island, known for its distinct Islamic cultural heritage and legal system.

### Q: What academic disciplines does the Faculty of Islamic Economics and Business cover?

A: The faculty focuses on Islamic Economics and Finance (Ekonomi dan Bisnis Islam), covering topics such as Islamic banking, Islamic finance, halal industry, and related economic principles compliant with Sharia law.

### Q: Does the faculty publish academic research?

A: Yes, the faculty is associated with "Share: Jurnal Ekonomi dan Keuangan Islam" (Share: Journal of Islamic Economics and Finance), which operates through the university's journal platform at jurnal.ar-raniry.ac.id. The journal follows peer review processes for published research.

### Q: How does this faculty differ from general economics departments?

A: Unlike conventional economics programs, this faculty specifically examines economic theories, financial systems, and business practices through the lens of Islamic principles (Sharia), including prohibitions on interest (riba), gambling (maysir), and uncertainty (gharar).

## Why It Matters

The Faculty of Islamic Economics and Business at Ar-Raniry State Islamic University plays a crucial role in advancing Islamic economic scholarship in Indonesia, one of the world's largest Muslim-majority countries. As part of a state Islamic university system, it bridges traditional Islamic learning with modern economic and business education, producing graduates who can work in Islamic banking, halal industries, and Sharia-compliant financial services.

Indonesia's Islamic finance sector has grown significantly, with the country hosting the world's largest Muslim population and developing one of the largest Islamic banking systems globally. Institutions like this faculty supply the trained professionals and scholarly research needed to sustain and expand this sector. The research output contributes to both academic knowledge and practical applications in the growing halal economy.

The Acehnese context adds particular significance, as Aceh is the only province in Indonesia with special autonomy implementing Sharia law directly. This creates a unique environment where Islamic economics is not just an academic discipline but part of the regional economic framework, making the faculty's role in education and research particularly relevant to local development needs.

## Notable For

- Part of Indonesia's State Islamic University (UIN) system, the country's primary public Islamic higher education network
- Located in Aceh, the only Indonesian province with special autonomous status implementing Sharia law
- Producing research and graduates for Indonesia's rapidly growing Islamic finance sector, one of the largest in the world
- Associated with peer-reviewed academic publishing in Islamic economics through the Share journal
- Contributing to the development of Sharia-compliant economic solutions for Indonesia's 270+ million population

## Body

### Institutional Context

Ar-Raniry State Islamic University of Aceh (Universitas Islam Negeri Ar-Raniry) is a public Islamic university established in Aceh, Indonesia. The Faculty of Islamic Economics and Business represents one of the specialized units within the university structure, focusing on the intersection of Islamic principles and modern economic systems. As part of Indonesia's State Islamic University network, the institution combines religious education with professional and academic training in economics and business.

### Geographic and Cultural Setting

Aceh Province occupies a unique position within Indonesia's educational and cultural landscape. As the province with special autonomous status, Aceh maintains distinct legal provisions that allow for the implementation of Sharia law, creating an environment where Islamic economics operates not merely as an academic subject but as a practical framework for economic activity. This context makes the Faculty of Islamic Economics and Business particularly relevant, as students and researchers operate within a society where Islamic economic principles have direct real-world applications.

### Academic Focus

The faculty specializes in Islamic Economics and Business (Ekonomi dan Bisnis Islam), a field that examines economic theory and practice through the framework of Sharia law. This includes the study of Islamic banking (which prohibits interest-based transactions), halal industry standards, Zakat (charitable giving) systems, Islamic insurance (takaful), and Sharia-compliant investment mechanisms. The curriculum integrates conventional business and economics training with Islamic theological and legal perspectives, preparing graduates for careers in Islamic financial institutions, halal certification bodies, and Sharia-compliant businesses.

### Research and Publication

The faculty maintains an active research presence through its association with "Share: Jurnal Ekonomi dan Keuangan Islam," an academic journal published through the university's online platform at jurnal.ar-raniry.ac.id. This journal operates under peer review processes, ensuring that published research meets academic standards for scholarly contribution to the field of Islamic economics and finance. The publication covers topics relevant to both theoretical developments and practical applications in Indonesia's Islamic financial sector.

### Classification and Structure

In knowledge organization systems, the entity is classified as a research institute, reflecting its primary function in generating and disseminating knowledge through systematic investigation. This classification distinguishes it from purely teaching-focused institutions, emphasizing its role in producing scholarly research that contributes to the broader academic discourse on Islamic economics. The institutional classification also facilitates integration with library and database systems for academic research organization.

### Indonesian Islamic Finance Context

Indonesia represents one of the world's most significant markets for Islamic finance. The country's Islamic banking assets have grown substantially over the past two decades, with both conventional banks establishing Islamic windows and full-fledged Islamic banks expanding their operations. The government has actively supported sector development through regulatory frameworks established by Bank Indonesia (now Bank Indonesia) and the Financial Services Authority (OJK). Institutions like the Faculty of Islamic Economics and Business at Ar-Raniry play an essential role in supplying the human capital and research necessary for continued sector growth, addressing the demand for professionals who understand both Islamic principles and modern financial practices.

### Institutional Relationships

The faculty operates within the broader Ar-Raniry State Islamic University system, which encompasses multiple faculties covering various Islamic and secular disciplines. This integrated structure allows for interdisciplinary collaboration between Islamic economics researchers and scholars in other fields. The university's status as a public institution means it receives government support while maintaining academic independence in its research and curriculum development.

## References

1. [Directory of Open Access Journals](http://jurnal.ar-raniry.ac.id/index.php/Share/about/editorialPolicies#peerReviewProcess)