Sharia System Research Articles

Faktor-Faktor Yang Mempengaruhi Minat Anggota Dalam Memanfaatkan Produk Pembiayaan Murabahah di KSPPS BMT Berkah Kabupaten Ciamis

Cooperatives based on the sharia system developed amidst the rise of thousands of conventional cooperatives, especially on the financing provided to members. Financing is often used for cooperative activities because it is always related to plans to obtain income. The increase in financing products has a positive impact on economic progress. Therefore, with the phenomenon of increasing financing at one of the BMTs in Ciamis district, namely KSPPS BMT BERKAH, there has been an increase in murabahah financing products. The aim of conducting this research is to find out what factors influence members' interest in murabahah financing products at KSPPS BMT BERKAH. This research is qualitative research, namely using primary data, namely data that has been obtained from the object under study. Primary data from this research is the main source obtained from interviews. Meanwhile, secondary data is data obtained through intermediaries and parties who already have the data. Secondary data from this research is from books and documents and other things related to the author's title. The results of this research state that the factors for the increase in murabahah financing products are because most members easily understand this murabahah financing product compared to other financing products and BMT makes it easy for customer members to apply, namely easy terms and relatively small margins.

Marketing Strategy for KSPSS BMT Dana Mentari Muhammadiyah Purwokerto Student Savings Products

KSPPS BMT Dana Mentari Muhammadiyah Purwokerto is a financial institution that runs on a sharia system. The KSPPS BMT Dana Mentari Muhammadiyah company has many products, one of which is student savings. Every company, including financial companies, requires a marketing strategy, which is an important aspect to achieve targets. Marketing is a social and managerial process that involves individuals and groups getting what they need and want by creating, offering and exchanging valuable services with other parties. Marketing strategy is contained in four marketing mix positions, namely price strategy, promotion strategy, promotion strategy, place strategy and product strategy. To achieve marketing targets, you must consider the four marketing mixes. The method used in this research is qualitative with a descriptive analysis approach. The data collection techniques used were observation, interviews and documentation. The aim of this research is to find out the marketing strategy for KSPPS BMT Dana Mentari Muhammadiyah Purwokerto student savings. The results of this research show that KSPPS BMT Dana Mentari Muhammadiyah Purwokerto has a good marketing strategy for student savings products seen from qualified products, affordable prices, targeted promotions and strategic office locations. This is a factor in students using and choosing savings products at KSPPS BMT Dana Mentari Muhammadiyah Purwokerto.

ANALYSIS OF FEASIBILITY OF MURABAHAH SELLING PRICES IN CONFORMITY TO THE MUI FATWA (Case Study of the Salimah Multi-Business Cooperative in Singkawang City)

This thesis is the result of research that discusses the appropriateness of the murabahah selling price for the suitability of the MUI DSN Fatwa in the Salimah multi-business cooperative (KUSUMA) in Singkawang City. This research refers to sharia cooperatives carrying out their business based on Islamic law in accordance with the applicable regulations issued by the MUI DSN Fatwa which is also regulated in Law No. 2 of 1992 article 87 paragraph 3 concerning cooperatives where cooperatives can run their business on the basis of economic principles. sharia. One of them is in buying and selling transactions that use the Murabaha selling price system. Sharia cooperatives must state the selling price held by both parties in principle which includes the range of initial value and margin desired as a profit from the sharia system. In order to avoid incidents that become risk factors in murabahah transactions, it is necessary to determine standard prices.Keywords: Sharia Cooperative; Murabahah Selling Price, Margin, DSN MUI Fatwa

Religious modeling of a natural disaster: a cultural semiotic study

Abstract This study examines the relationship between disaster and religion by exploring three main questions: how religion shapes the interpretation of disasters and the subsequent recovery processes; how disasters transform religious practices; and how religious interpretations may coexist with scientific explanations of the same disaster. By focusing on the Aceh society’s experience after the 2004 tsunami, this paper argues that Islam, which serves as the central modeling system of Aceh culture, played two interconnected roles in the post-tsunami period: one of providing explanations for the inexplicable disaster and the other of guiding the ensuing actions. Furthermore, the tsunami had a significant impact on the practice of Islam in Aceh, as demonstrated by the shift toward the Sharia system to create a more Islamic Aceh society in the future. This phenomenon thus serves as an example of an explosive change in a semiosphere, as explained by Juri Lotman. This paper also identifies the coexistence of religious and scientific interpretations of the tsunami among the Acehnese, highlighting their distinct social functions.

FACTORS THAT INFLUENCE DEMAND FOR SHARIA FINANCING ON CHANGES IN MSME INCOME IN SUMBAWA DISTRICT

This research aims to determine the factors that influence the demand for sharia financing on increasing MSME income in Sumbawa District (case study of customers of Bank Syariah Indonesia, Sumbawa Regency Branch). The research results are: first, the impact of Bank Syariah Indonesia's sharia system in Sumbawa District shows a significant influence on changes in income of micro, small and medium enterprises (0.000 < 0.05). The factor that causes this is that small and medium micro business actors in Sumbawa District realize that the sharia system will always bring blessings to every business they undertake. Second, the effect of promotion on changes in income of micro, small and medium enterprises in Sumbawa District in the case of Bank Syariah Indonesia in Sumbawa District did not have a significant impact (0.571 > 0.05). The cause of this is that micro, small and medium business actors in Sumbawa District cannot access the internet, in fact the internet network in some places for small, micro and medium business actors is not yet accessible, where promotion of financing products is mostly done online. Third, the influence of trust in Bank Syariah Indonesia, Sumbawa District Branch, has a positive impact on changes in the income of micro, small and medium enterprises (0.006 < 0.05). The factor that causes this is that micro, small and medium enterprises already believe in the systems and products offered by Bank Syariah Indonesia, Sumbawa District Branch, so that the bank and micro, small and medium enterprises are always on time in repaying their loans every month. Fourth, the influence of facilities and services on demand for sharia financing at Bank Syariah Indonesia Sumbawa District Branch for micro, small and medium enterprises does not have a significant impact (0.909 > 0.05). The factor that causes this is the lack of supporting capacity of human resources.

Mapping and Harmonizing Qanun on Sharia Financial Institutions

Law No. 11/2006 on the Government of Aceh (Aceh Government Law) has mandated Aceh Qanun No. 11/2018 on ShariaFinancial Institutions. A thorough and integrated regulatory infrastructure must support the Qanun on Sharia Financial Institutions. The Qanun on Sharia Financial Institutions regulates that all Sharia Financial Institutions operating in Aceh must transition from the conventional to the Sharia system. However, in reality, many norms still need to be synchronised with national rules so that Sharia Financial Institutions do not run optimally. This study aims to map and harmonise legal issues and purification of Qanun on Sharia Financial Institutions in the future. The method used is normative juridical with a qualitative approach and uses secondary data. The study found that first, the mapping of Qanun on Sharia Financial Institutions still has articles that overlap and need to be more technical with the inclusion of the year that has passed. In addition, an article includes administrative sanctions that are not implemented. Then, there are ambiguous norms that cause multiple interpretations. Second, Qanun on Sharia Financial Institutions needs harmonisation with higher laws and regulations. In addition, several Governor and Regent Regulations and other technical rules are required to maximise the implementation. Third, purification is needed by revising articles that overlap with the rules above and harmonising them with national regulations in Islamic finance.

Evaluasi Transformasi Good Corporate Governance pada Bank Aceh Syariah

The Islamic banking sector has experienced significant development, offering various Sharia-compliant products such as Islamic savings, Sharia-based accounts, and Sharia deposits, emphasizing the need for a robust implementation of good corporate governance. This study aims to differentiate the disparities in applying good corporate governance at Bank Aceh Syariah before and after its conversion. This qualitative descriptive research focuses on Good Corporate Governance at Bank Aceh Syariah, utilizing secondary data such as the company's annual reports from the periods 2014-2015 (conventional) and 2018-2022 (Sharia). The results of the GCG self-assessment at Bank Aceh Syariah for the years 2014-2015 in the conventional operational system had an average GCG score of 1.86, which was better compared to the period of 2018-2022 in the Sharia operational system with an average GCG score of 1.90. This indicates that the implementation of Good Corporate Governance at Bank Aceh during conventional operations was superior compared to operations in the Sharia system. Post-conversion to the Sharia system, there is an additional organizational structure in the implementation of Good Corporate Governance with the establishment of a Sharia Supervisory Board, responsible for overseeing the bank's business activities aligned with the Fatwa of the National Sharia Council.

Analysis of the Risk Management of Purchasing Puri Nirana Cigelam Sharia Housing in the Perspective of Islamic Economics

As a housing developer, Puri Nirana Cigelam (PNC) Purwakarta, West Java, offers housing with a sharia concept or sharia housing. Sharia housing carries a Sharia system in its financing contracts without the involvement of Sharia or conventional banks. The purpose of this study is to first analyze the risk management of contract implementation in buying and selling housing at PNC. Second, analyzing the application of risk management in the sale and purchase of Sharia housing loans at PNC. Third, analyze the adherence to Islamic economics principles in applying risk management in PNC. This research is qualitative. At the same time, technical data mining using interviews and observation. Technical data processing by editing, organizing, and discovering results and data analysis obtained descriptively to draw conclusions. The study results in show that the risk management carried out at PNC in its sharia contracts is running well even though it is relatively new and outside property developers' customs and habits in risk management. Risk management in implementing buying and selling credit at PNC is going well for risk policies with a Sharia approach. The principles of Islamic economics also colour the existing risk management policies in PNC Sharia housing; there are elements and values ​​of Sharia economic principles that are quality, non-exploitative, free of usury, prosperous and spiritually valuable.

PENGGADAIAN SAWAH DAN LADANG DI KECAMATAN CIPANAS KABUPATEN LEBAK DALAM PERSPEKTIF SYARIAH

This research aims to reveal analytically the sharia mortgage system in Cipanas District, Lebak Banten Regency. This study uses a qualitative descriptive analysis method with a historical juridical approach. The data collection technique in this research is based on a case study in the form of a sharia system mortgage which refers to classical jurisprudence books in Cipanas sub-district, Lebak Banten Regency. Next, analyze the texts that are references for the local community in sharia pawning. From this research it was found that the sharia mortgage system in Cipanas sub-district, Lebak Regency does not fully follow the sharia system contained in the classical fiqh book which they consider as a reference.

INTRALINGUAL UNDERSTANDING OF POPULAR SCIENTIFIC WORDS ABOUT SHARIA ECONOMICS

The terms that arise regarding the Sharia economy are common in the community, especially in Aceh Province where this area is known as the Veranda of Mecca city. With the rapid development of Sharia understanding, a qualified understanding is needed by the community regarding terms related to the Islamic economy. The solution that can be offered is strengthening community understanding regarding the intralingual translation of Sharia terms. This research was a descriptive-qualitative research. The data was compiled from test results in the form of intralingual translation regarding 10 sharia terms to 91 purposive selected early semester students of the economics faculty from May 15 to June 12 in 2023 at Samudra University which was carried out online with the help of Google forms and distributed via the WhatsApp application. The research data that had been analyzed will be translated which could be classified as a good translation or not. The results of the research that obtained the majority of correct answer ranges regarding the understanding of Sharia terms. This underlies that the term sharia for students in Aceh is well understood so that the development of the sharia system can be in harmony with the insights of the people

The impact of implementing Aceh Qanun No. 11 of 2018 concerning Sharia Financial Institutions on the management of sharia insurance institutions

IntroductionArticle 65 of Aceh Qanun No. 11 of 2018 concerning Sharia Financial Institutions regulates that financial institutions operating in Nagroe Aceh Darussalam are required to make adjustments no later than three years from the promulgation of the qanun. PT Asuransi Sinarmas Syariah Banda Aceh is one of the financial institutions that is transitioning from conventional to sharia as the implementation of this qanun.ObjectivesThis research aims to find out the impact of implementing this Qanun on PT Asuransi Sinarmas Syariah Banda Aceh. MethodThis qualitative research uses interviews, observation, and documentation for data collection. The data is then reduced, simplified and presented to draw conclusions.ResultsThe results of the research show that there were changes in the payment mechanism carried out by PT Asuransi Sinarmas Syariah Banda Aceh before and after the implementation of the qanun. Apart from that, the implementation of the qanun caused PT Asuransi Sinarmas Syariah Banda Aceh to experience a decline in business of up to 70% in the initial stages. However, subsequently, PT Asuransi Sinarmas Syariah Banda Aceh began to experience an increase in business. ImplicationsThe sharia insurance industry in Nanggroe Aceh Darussalam needs to provide education and information about the implementation of the sharia system for the wider community.Originality/NoveltyThis research is unique because it contributes to the analysis of the impact of sharia legislation on the sharia insurance industry.

Pengaruh Religiusitas Dan Pengetahuan Konsumen Terhadap Keputusan Pembelian Properti Pada PT.Griya Permata Kencana Jambi

The demand for houses is increasing from year to year in line with the growth in population in Indonesia. Meanwhile, the availability of houses is not proportional to the large number of requests. This is one of the factors causing the very high increase in house prices. In the city of Jambi, there are already several houses that use the conventional system, namely using interest in their operational transactions, such as KPR Bank BRI, Bank Mandiri, Bank BNI and others. Meanwhile, housing developments that use the sharia system have increased. The middle-urban community who are critical and want to implement an Islamic lifestyle one hundred percent are starting to switch, they are no longer using conventional and sharia mortgages that are sold in national banks, but instead are utilizing sharia-based mortgage facilities in sharia housing, which are not products of banking financial institutions, but from developers. This study aims to determine the effect of religiosity and consumer knowledge on purchasing decisions of sharia property at PT. Griya Permata Kencana Jambi. The subjects of this research are consumers of PT. Griya Permata Kencana Jambi. The population in this study amounted to 220 people and a sample of 69 people. And the research method used is quantitative method, this study uses primary and secondary data with multiple linear regression models.

Pengaruh Pembiayaan Mitraguna Berkah Dengan Akad Murabahah Terhadap Kesejahteraan Pegawai Negeri Sipil Kabupaten Aceh Singkil

Banking institutions have the function of collecting and distributing public funds, with reference to the BSI KCP Singkil bank with a sharia system that uses a murabaha contract, so that the existence of partner-to-blessing financing as a welfare effort for Civil Servants (PNS), causes controversy with the concept of conventional banks with a system interest with its murabahah concept. This study aims to determine the financing of Mitraguna Blessing with a murabaha contract for the welfare of Civil Servants (PNS) of Aceh Singkil Regency in Islamic banking. This research is a type of field research (field research) which is descriptive qualitative, data collection using interview techniques Bank BSI KCP Singkil. The results of this study: 1). Most customers from civil servants in Aceh Singkil district take out the BSI Singkil blessing partnership financing with the aim of improving their lives, such as building a place of business, buying garden land, building a house, renovating a place of business or renovating a house and buying a vehicle. 2). Mitraguna Berkah Financing with a Murabahah Agreement Bank Syariah Indonesia, Tbk. for civil servants at the stage of the disbursement process, the use of this murabaha contract is in accordance with the legal basis both in sharia and positive law.

PENCATATAN PERNIKAHAN PERSPEKTIF MAQASHID SYARIAH JASSER AUDA

The number of negative impacts received by husband and wife and children as a result of not registering marriages shows that having marriage registration regulations is something that is very urgent to fight for. Marriage registration rules have led to speculation that marriage registration is only considered an administrative requirement. So that until now, unregistered marriages are often found in society. The purpose of this study is to show the urgency of registering marriages for the parties involved in the marriage. The type of research used is library research originating from regulations, books, writings and others that support this research. This research is a descriptive analysis research which objectively describes the rules for registering marriages by analyzing them using the maqaṣhid sharia system theory as a methodology of Islamic legal philosophy. The author analyzes the marriage registration rules with Jasser Auda's concept of modern Islamic law which complements and updates the classical concept of Maqaṣhid Syariah. Based on the results of the study, the rules for registering marriages are a product of renewal of Islamic law in the contemporary era. Registration of marriages resulting from renewal of Islamic law as a new form of ijtihad for marriage witnesses. By registering a marriage, the civil rights of the parties concerned will be guaranteed. The logical consequence of the development of the times is also the formation of evidence that determines whether or not a marriage is valid. Jasser Auda's system theory, known as the System Approach, is the analytical knife of this research.

Dispute Resolution in Islamic Banking Industry Under The Iraqi Judiciary System

Islamic banking transaction is based on an interest-free system that is prohibited to deal with riba. Several Islamic banks in Iraq are governed by the Central Bank of Iraq. Due to the lack of Islamic financial courts and lack of professional judges in the Islamic financial field, Islamic banking cases are handled by civil courts in Iraq. However, Islamic finance disputes should be considered by special courts with qualified judges in the field. The Judicial Authority in Iraq is not based on the Sharia system and the Sharia court specialised in Islamic finance in Iraq does not exist. As stated in Article 89 of the Iraqi Constitution of 2005 that the federal juridical power is comprised of the Higher Juridical Council, the Federal Supreme Court, the Federal Court of Cassation, the Public Prosecution Department, the Judiciary Oversight Commission, and other federal courts that are regulated under the law. Thus, Islamic banking disputes fall under the civil courts and the Courts of First Instance are responsible to handle cases of debt, and contracts. Furthermore, these courts are not specialists in Islamic banking and finance transactions. Therefore, a particular court, i.e. the Islamic financial court, should be among these courts in Iraq for resolving Islamic banking disputes. In addition, the special court has to include qualified judges who are familiar with Islamic finance.

Alternatif Untuk Menjaga Kelancaran Likuiditas Dalam Perbankan Syariah

Liquidity management is a very complex problem in bank operations. The main cause of bank bankruptcy, both large and small, is not due to failure in financing which results in losses, but rather due to the inability of banks to manage liquidity. This article discusses liquidity management by utilizing the Bank Indonesia Sharia System (SBIS) and PUAS transactions. However, that the two methods have not fully resolved the actual problems faced by Islamic banking in allocating unused funds due to excess liquidity. This study was conducted through a literature search covering various solutions and alternatives to overcome the obstacles faced by Islamic banking in managing its liquidity. To support this study, secondary data was used obtained from Islamic Banking Statistics and the Financial Services Authority. Based on this study, it means that the central bank needs to develop the existing instruments in the PUAS provided by Bank Indonesia as the monetary authority. It is hoped that the liquidity problems faced by Islamic banking can be overcome more effectively.

Empowerment of Sharia-Based Village Owned Enterprises (BUMDes)

Lawela Selatan Village, located in South Buton Regency, is a predominantly Muslim community that also receives government funding. To sustain the village's economy, the establishment of Village Owned Enterprises (BUMDes) has been crucial. Given the growing prominence of Islamic economics in Indonesia's business landscape, it is vital to explore its application within BUMDes. This endeavor aims to equip all participants, especially BUMDes management, with fundamental knowledge and comprehension of Islamic economics. The implementation of charitable activities proceeded smoothly without any notable obstacles. The BUMDes in South Lawela Village, Batauga Subdistrict, South Buton Regency, is known as BUMDes Cahaya Baru and encompasses service-oriented enterprises such as equipment rental, wedding decoration, building materials, trading companies, and the tourism sector. Furthermore, there are untapped regional potentials that present promising development opportunities. Prioritizing the development of local potentials is of utmost importance, particularly in reinforcing BUMDes based on the Sharia system due to the predominantly Muslim population. The objective of the service team is to impart knowledge to BUMDes management, specifically focusing on the advancement of Sharia-based BUMDes.

Akad Mudharabah dan Relevansinya dengan Ayat Muamalah pada Transaksi Teknologi Finansial Syariah

<p><em>Financial technology not only uses a conventional system but also uses a sharia system where one of the contracts is to use a mudharabah contract or the principle of profit sharing. The mudharabah contract itself is part of mu'amalah which of course when it comes to getting a strong argument according to sharia, it must be based on the verses of the Qur'an by understanding the interpretation, especially regarding the interpretation of the muamalah verse. This article aims to discuss the mudharabah contract and its relevance to modern conditions, namely transactions with Islamic financial technology based on the muamalah verse. The research method used is normative research with a qualitative approach. The results of this study are that the mudharabah contract is related to several verses of mu'amalah interpretation, namely Q.S Al-Baqarah: 278-280 and Q.S. An-Nisa: 29 which implies that muamalah transactions must avoid things that are forbidden, one of which is usury. The mudharabah contract is also one of the solutions in the sharia economic system so that transactions do not contain harm and falsehood and the parties in the transaction must like each other (an-tharadhin). The relevance of the Mudharabah Agreement with Modern Transactions is in Sharia Financial Technology where by using sharia principles it can lead to the benefit of the people and avoid harm.</em></p>

Implementation of Ta'awun and Sadd Dzari'ah concepts in Mutabarok Bunda Sejahtera Financing at PT. BPRS Magetan

Background. The importance of conducting this research is because the function and role of Islamic banks does not only solves the capital needs of society, but the practice is in accordance with the constitution and to realize the benefit of society. As contained in this Mutabarok Bunda Sejahtera financing. This financing is not only a solution to the capital needs of small traders but also applies the concept of ta’awun and sadd dzari’ah. Purpose. This research aims to know the implementation of the concept of ta’awun and sadd dzari’ah in the practice of Mutabarok Bunda Sejahtera financing at PT BPRS Magetan. Method. The type of research used in this research is a type of qualitative research, namely research that explores the implementation of a concept applied in the field, namely the implementation of the concept of ta'awun and sadd dzari'ah in Mutabarok Bunda Sejahtera Financing at PT. Results. PT BPRS Magetan is one of the banks in the form of a Limited Liability Company in Magetan Regency, East Java Province, which is based on a sharia system with the largest shares owned by the Magetan Regency Government. Conclusion. Its existence is very helpful to the economy of the people of Magetan Regency, through the activities of raising funds and channeling funds, so that the rotation of the economy of the community can run.

Analysis of the Risk Management of Purchasing Puri Nirana Cigelam Sharia Housing in the Perspective of Islamic Economics

As a housing developer, Puri Nirana Cigelam (PNC) Purwakarta, West Java, offers housing with a sharia concept or sharia housing. Sharia housing carries a Sharia system in its financing contracts without the involvement of Sharia or conventional banks. The purpose of this study is to first analyze the risk management of contract implementation in buying and selling housing at PNC. Second, analyzing the application of risk management in the sale and purchase of Sharia housing loans at PNC. Third, analyze the adherence to Islamic economics principles in applying risk management in PNC. This research is qualitative. At the same time, technical data mining using interviews and observation. Technical data processing by editing, organizing, and discovering results and data analysis obtained descriptively to draw conclusions. The study results in show that the risk management carried out at PNC in its sharia contracts is running well even though it is relatively new and outside property developers' customs and habits in risk management. Risk management in implementing buying and selling credit at PNC is going well for risk policies with a Sharia approach. The principles of Islamic economics also colour the existing risk management policies in PNC Sharia housing; there are elements and values ​​of Sharia economic principles that are quality, non-exploitative, free of usury, prosperous and spiritually valuable.