Focus and Scope

Aims and Scope

SHACRAL: Shari’ah Economics Review Journal  is a peer-reviewed academic journal dedicated to advancing rigorous research and critical inquiry in the fields of Islamic economics, finance, and business. The journal places particular emphasis on theoretical foundations, empirical applications, and policy implications of Shari’ah-based economic principles in both Muslim and non-Muslim contexts.

The journal aims to provide an intellectual platform for scholars, researchers, and practitioners to examine how Shari’ah principles interact with modern economic systems, financial institutions, and processes of socio-economic development. SHACRAL encourages contributions that move beyond purely normative discussions by employing robust theoretical frameworks, quantitative and qualitative methodologies, and interdisciplinary perspectives.

Scope of the Journal

SHACRAL welcomes original research articles, review papers, and policy-oriented studies covering, but not limited to, the following areas:

Islamic Economics

  • Foundations and philosophy of Islamic economic thought
  • Comparative analyses between Islamic and conventional economic systems
  • Islamic perspectives on development, inequality, poverty, and social welfare

Islamic Finance and Banking

  • Islamic banking operations, efficiency, and financial stability
  • Shari’ah-compliant financial instruments (e.g., sukuk, takaful, Islamic microfinance)
  • Risk-sharing mechanisms, financial inclusion, and digital Islamic finance

Islamic Business and Management

  • Shari’ah-based business ethics and corporate governance
  • Halal industry, halal value chains, and certification systems
  • Corporate social responsibility and sustainability from an Islamic perspective

Public Policy and Institutions

  • Zakat, waqf, and Islamic social finance institutions
  • Fiscal and monetary policy within Islamic economic frameworks
  • Regulatory and institutional issues in Islamic finance

Contemporary and Emerging Issues

  • Digitalization and fintech in Islamic economics and finance
  • Behavioral aspects of Islamic economic decision-making
  • Islamic economic responses to global challenges, including economic crises, climate change, and inequality

SHACRAL prioritizes manuscripts that demonstrate strong methodological rigor, clear theoretical contributions, and policy relevance. The journal particularly encourages studies focusing on emerging economies and developing countries, while remaining open to comparative and global analyses.