JPSDa: Jurnal Perbankan Syariah Darussalam

Akar-Akar Filsafat Ekonomi Dalam Pemikiran Klasik Islam : Relevansi Al-Ghazali Dan Ibn Khaldun Bagi Ekonomi Kontemporer

Ega Saputra — 2026-01-23

Modern Islamic economics is often criticized for being too reactive, technical, and lacking an original philosophical foundation. This study aims to fill this gap by exploring the philosophical roots of Islamic economics through the thoughts of two classical figures, namely Imam Al-Ghazali and Ibn Khaldun. This study is a descriptive qualitative research type using the library research method and the philosophy of the history of thought approach, which analyzes the main works of these two thinkers, namely I?y?’ ‘Ul?m al-D?n (Al-Ghazali) and Al-Muqaddimah (Ibn Khaldun). The results of the study show that Al-Ghazali developed a teleological-normative economic philosophy that emphasizes economic activity as a means to achieve purification of the soul (tazkiyat al-nafs) and happiness in the afterlife. Key concepts include: economics as a means (was?lah), ma?la?ah as a regulative principle, and strict ethics in production, exchange, and consumption. Meanwhile, Ibn Khaldun developed an empirical-sociological economic philosophy based on historical observation, focusing on the dynamics of civilization (‘umr?n), the theory of dynastic cycles, the value of labor, and the role of the state in economic development. This article concludes that a reactualization of this classical thinking can enrich the philosophical foundation of modern Islamic economics, making it more robust and contextual.

Penerapan PSAK No. 405 Akad Mudharabah pada Baitul Maal Wat Tamwil Mandiri Ukhuwah Persada (BMT MUDA) Surabaya

Mifta Royani — 2026-02-02

Indonesia, as one of the countries with the largest Muslim populations in the world, has implemented Sharia Accounting Standards (PSAK) to ensure that the recording and presentation of financial transactions in Islamic financial institutions comply with Sharia principles. One of these standards is PSAK 405, which regulates mudharabah accounting and has been effective since January 1, 2024, as part of the renumbering of Sharia Accounting Standards from the 1xx series to the 4xx series. This study aims to examine the implementation of PSAK 405 in mudharabah contracts at BMT Mandiri Ukhuwah Persada (BMT MUDA) Surabaya. This research employs a qualitative approach, with data collected through observation, interviews, and documentation during the period from January 2025 to June 2025. The results indicate that BMT MUDA has fully implemented PSAK 405, covering the aspects of recognition, measurement, presentation, and disclosure. Mudharabah investments are recognized at the time of fund disbursement, measured at the amount of funds provided, and presented in the financial statements at their carrying value. Losses are recognized provided that they are not caused by the negligence of the fund manager. Disclosures include business performance reports, profit-sharing ratios, loss provisions, and mudharabah business activities. However, standard operating procedures in business performance reporting still need to be improved to minimize the potential for fraud.

Peran Pembiayaan Mikro Syariah Bank BSI KCP Genteng Dalam Mendorong Pertumbuhan Ekonomi UMKM

Wiwit Mustafidah — 2026-02-02

This research examines how effective micro-financing is at BSI KCP Genteng in promoting the growth of MSMEs in suburban regions. What makes this study unique is its focus on the important role that Islamic banking plays after mergers in reducing local capital obstacles. Utilizing a descriptive qualitative approach, data were collected through comprehensive interviews with branch management, marketing personnel, and MSME clients. Findings show that micro-financing plays a crucial role in enhancing working capital, increasing production capabilities, and broadening market opportunities. The discussion emphasizes that the role of this financial support goes beyond just providing funds; it acts as a strategic tool for fostering equitable economic well-being. This study suggests that Islamic financial institutions should adopt digital services and ongoing mentorship to reinforce MSMEs as the cornerstone of the local economy

Analisis Praktik Tarah Pada Jual Beli Buah Jeruk Pada Petani Kecamatan Bangorejo Kabupaten Banyuwangi Perspektif Mazdhab Syafi’i

Yunus Zamroji — 2026-01-24

This study aims to analyze the practice of tarah in the sale and purchase of citrus fruit by farmers in Bangorejo District, Banyuwangi Regency, from the perspective of the Shafi'i School of Law. The approach used in this study is qualitative, with data collection techniques through observation, interviews and documentation. The results of the analysis say that tarah or pieces of weight taken by the buyer, is a form of gift from the seller whose law is sunnah, because the tarah taken by the buyer is written in the note and there is willingness from the seller, in addition, giving tarah from the seller is a form of practice to make it easier to carry out buying and selling transactions, where Allah SWT promises to give mercy to sellers who make it easier for buyers.

Analisis Pengaruh Tingkat Bagi Hasil, Capital Adequacy Ratio (CAR), Dan Dana Pihak Ketiga Terhadap Pertumbuhan Deposito Mudharabah Pada Bank Muamalat Indonesia Periode 2015-2024

Dea Rahmalia — 2026-01-29

This study aims to analyze the impact of the Profit-Sharing Rate, Capital Adequacy Ratio (CAR), and Third-Party Funds (DPK) on the growth of mudharabah deposits at Bank Muamalat Indonesia. The ARDL-ECM method is applied within this quantitative research to explore the inter-variable relationships more deeply. Through this framework, the study identifies both temporary short-term correlations and stable long-term relationships. The results indicate that, simultaneously, all three variables significantly influence the growth of mudharabah deposits. Partially, in the long run, all variables show a positive and significant effect, whereas in the short run, only DPK remains significant. These findings suggest that profit-sharing stability and capital strength play a crucial role in driving sustainable deposit growth, while short-term dynamics are more heavily influenced by fund-raising intensity. The novelty of this research lies in the use of the ARDL-ECM approach to detect differences in Sharia customer behavior toward banking indicators across two distinct timeframes

Akad Ijarah Dalam Pembiayaan Pegadaian Syariah: Analisis Terhadap Fatwa Dsn-Mui No. 25/DSN-MUI/III/2002

Muhamad Annas — 2026-02-02

This study examines the implementation of ijarah contracts in sharia pawn financing by referring to the provisions of DSN-MUI Fatwa No. 25/DSN-MUI/III/2002 on rahn. Normatively, the fatwa stipulates that ijarah fees for maintenance and storage of collateral may not be determined based on the amount of financing provided. However, in practice, sharia pawn institutions often apply ijarah tariffs that vary according to the size of the loan, raising questions regarding their compliance with sharia principles. This research employs a normative juridical method with statutory and conceptual approaches, using DSN-MUI fatwas and relevant legal literature as primary and secondary legal materials. The findings indicate that the determination of ijarah fees in sharia pawn financing is still linked to the amount of financing disbursed, rather than to the actual cost of storage and maintenance of the collateral. Consequently, such practices are not fully aligned with the normative provisions of sharia law as regulated by DSN-MUI. This study contributes to the development of sharia economic law by providing a normative evaluation of ijarah implementation in contemporary sharia pawn practices and offering a basis for regulatory and institutional improvements.

Manajemen Pembiayaan Berbasis Nilai Syariah Dan Kinerja Bank Syariah Tinjauan Literatur

Ristiyanti Ahmadul Marunta — 2026-02-07

This research aims to examine the concept of sharia values in sharia banking, its integration mechanisms in financing management, as well as the influence of sharia value-based financing management on the performance of sharia banks. The research approach used is qualitative with a literature review method of various national journals and relevant scientific proceedings. Data was collected through literature searches on scientific databases such as Google Scholar and accredited national journal portals, then analyzed using systematic content analysis techniques. The results of the study show that sharia values such as monotheism, justice, trust, transparency, benefit and balance are the fundamental basis for sharia bank operations and differentiate them from conventional banking. The integration of these values in financing management is realized through the use of sharia contracts, application of the precautionary principle, compliance with sharia fatwas, and orientation to sharia maqashid. Sharia value-based financing management has been proven to have a positive effect on the performance of sharia banks, both from the financial, operational, risk management and non-financial performance aspects from a sharia maqashid perspective. Thus, strengthening the integration of sharia values in financing management is a strategic factor in improving the performance and sustainability of sharia banks.

Epistemologi, Ontologi, Dan Aksiologi Ilmu Ekonomi Islam Dalam Kerangka Falsafah Ekonomi Syariah

Fitri Bahreni — 2026-01-29

Islamic economics emerges as an alternative paradigm that offers a value-based philosophical foundation through the integration of epistemology, ontology, and axiology within the framework of Islamic economic philosophy. This study aims to conceptually examine the epistemological, ontological, and axiological dimensions of Islamic economics and their integration as the foundation for the development of Islamic economic thought. Employing a qualitative descriptive approach with a library research method, the data were derived from the Qur’an, Hadith, and contemporary academic literature relevant to Islamic economics and the philosophy of science. The findings indicate that the epistemology of Islamic economics is integrative, positioning revelation as the primary source of knowledge that guides reason and empirical inquiry; its ontology views economic reality as a holistic system grounded in the principle of tawhid, in which humans function as both servants (‘abd) and vicegerents (khalifah); while its axiology is oriented toward the realization of falah through the values of justice, balance, trust, and public welfare. The integration of these three dimensions within Islamic economic philosophy affirms that Islamic economics is not merely a technical or pragmatic alternative to conventional economics, but a value-driven and ethical discipline aimed at achieving holistic and sustainable human well-being.

Pengaruh Profitabilitas, Likuiditas, Dan Kualitas Aset Terhadap Stabilitas Keuangan Bank Bjb Syariah Periode 2015-2024

Wida Zulfa Fitriya — 2026-01-22

The importance of financial stability in maintaining a bank's financial performance and minimizing the risk of financial distress and bankruptcy necessitates an analysis of its influencing factors. This research is motivated by the occurrence of systemic risk at BJB Syariah Bank, which is the main cause of financial stability disruption based on Bank Indonesia Regulation No. 16/11/PBI/2014. This study aims to analyze profitability (ROA), liquidity (FDR), and asset quality (NPF) on the financial stability of BJB Syariah Bank. The research method uses a quantitative approach with secondary data in the form of quarterly financial reports for the 2015-2024 period analyzed through multiple linear regression. The results show that profitability has a significant positive effect on financial stability, while liquidity and asset quality have no partial effect. Simultaneously, all three variables influence the financial stability of BJB Syariah Bank. This finding implies that increasing profitability is a key factor in maintaining the financial stability of BJB Syariah Bank.

Peran Manajemen Syariah Dalam Meningkatkan Kinerja Bank Syariah Di Era Digital

Moh Agus Sifa' — 2026-01-29

Digital transformation has become inevitable for the banking industry, including Islamic banking. The development of digital technology presents both opportunities and challenges for Islamic banks in improving operational performance without neglecting compliance with Islamic principles. This study aims to examine the role of Islamic management in supporting the development of digital products and services and its impact on the performance of Islamic banks in the digital era. The research method used is a literature study by analyzing various scientific sources such as journals, academic articles, and official reports related to digitalization and Islamic banking. The results show that the implementation of digital technology has a positive impact on the performance of Islamic banks, particularly in improving operational cost efficiency, service quality to customers, and expanding financial inclusion. Islamic management plays a strategic role in ensuring that developed digital innovations remain in line with Islamic principles, such as the prohibition of riba (usury), gharar (gharar), and maisir (gambling). However, this study also found obstacles in the digitalization process, including regulations that are not fully adaptive to technological developments and low digital literacy among customers and human resources in Islamic banks. Therefore, this study recommends strengthening the role of sharia management in digitalization supervision, improving human resource competency, and closer collaboration between sharia banks and regulators to realize sustainable digital transformation in accordance with sharia principles.

Analisis Fiqh Muamalah Terhadap Penerapan Akad Musyarakah Mutanaqisah Dalam Pembiayaan Rumah Di Perbankan Syariah

Sumarni — 2026-02-06

This study aims to analyze the implementation of the Musyarakah Mutanaqishah (MMQ) contract in home financing products of Islamic banking institutions from the perspective of fiqh muamalah. Musyarakah Mutanaqishah represents an innovative Islamic financing scheme that combines partnership principles with gradual transfer of ownership, designed to avoid interest-based transactions in housing finance. This research employs a qualitative method with a normative and conceptual approach by examining classical and contemporary fiqh muamalah literature, the fatwas issued by the National Sharia Council of the Indonesian Ulama Council (DSN-MUI), and relevant regulatory frameworks. The findings indicate that normatively, the Musyarakah Mutanaqishah contract fulfills the essential pillars and conditions of a valid Islamic contract and is legally supported by DSN-MUI Fatwa No. 73/DSN-MUI/XI/2008. The mechanism of joint ownership, payment of ujrah for asset utilization, and gradual transfer of ownership reflects the principles of justice and mutual benefit emphasized in Islamic law. However, practical implementation reveals several challenges, including the potential imbalance of risk allocation and deviations from the ideal partnership model. Therefore, strengthening substantive compliance in the application of Musyarakah Mutanaqishah is essential to ensure alignment with the principles of fiqh muamalah and the objectives of maqashid al-shariah.

Pengembangan Ekonomi Dan Lembaga Keuangan Melalui Pendekatan Filsafat Ekonomi Islam

Ahmad Ali Kamal — 2026-02-06

Contemporary Islamic economics literature (2022–2025) tends to be dominated by analyses of technical compliance in Islamic fintech products and sukuk. However, studies highlighting the gap between compliance formality and the substantive achievement of maqasid al-shari’ah—especially regarding distributive justice—remain very limited. This research offers novelty by reconstructing the philosophical foundations of Islamic Financial Institutions (IFIs) to shift the focus from formal legality toward real social impact. Using an integrative-critical literature review method, this study synthesizes more than 25 accredited sources through thematic analysis to evaluate the regulations and practices of IFIs in Indonesia. The results show that without the integration of the amanah philosophy and the ta’lil al-ahkam approach, financial products are often trapped in "window dressing" practices without significant contribution to MSME inclusivity. Substantially, Sharia compliance must be redefined not merely as the validity of contracts, but also based on wealth distribution performance. In conclusion, regulators and Sharia supervisory boards need to adopt maqasid-based performance indicators to transform IFIs into substantive agents of falah, rather than mere replicas of conventional institutions.

Challenges In Implementing Islamic Financial Institution Pension Funds In Indonesia

Laili Fathul Hidayah — 2026-01-29

Islamic Financial Institution Pension Funds (DPLK Syariah) represent a long-term financial instrument aimed at ensuring retirees’ economic security while adhering to Islamic principles. Despite the rapid growth of the Islamic finance industry in Indonesia, the development of Islamic pension funds remains relatively limited compared to conventional pension schemes. This article seeks to systematically examine the key challenges faced in the implementation of DPLK Syariah in Indonesia and to formulate strategic efforts to strengthen its development. Employing a qualitative approach, this study adopts a literature review method by analyzing scholarly articles, regulatory frameworks, policy reports, and relevant academic publications published between 2022 and 2025. The findings reveal that the implementation of DPLK Syariah is constrained by multidimensional challenges, including regulatory disharmony, limited availability of sharia-compliant investment instruments, low public literacy and participation, as well as institutional and human resource capacity weaknesses. Furthermore, the dominance of conventional pension funds continues to restrict market penetration for Islamic pension schemes. To address these challenges, this study proposes several strategic measures, such as enhancing Islamic financial literacy, promoting product and technological innovation, expanding sharia-based investment instruments, strengthening governance and human capital, and improving regulatory harmonization. This study is expected to contribute both conceptually and practically to policymakers, industry practitioners, and academics in fostering a more inclusive, competitive, and sustainable Islamic pension fund ecosystem in Indonesia.