Brilliant: Journal of Islamic Economics and Finance

Mahkamah Syariyah dalam Sistem Kekuasaan Kehakiman Indonesia

2026-07-19T12:10:05+01:00

The Sharia Court (Mahkamah Syariyah) is a special judicial institution within the Indonesian judiciary system, particularly in the Province of Aceh. Its existence is characterized by a unique feature, as it not only performs the functions of a religious court but also has jurisdiction over Islamic criminal law (jinayah). This study aims to analyze the constitutional legitimacy of the Sharia Court, its institutional design within the national judicial system, and the potential for structural disharmony that may arise in its implementation. This research employs a normative legal method with statutory and conceptual approaches. The findings show that the Sharia Court has strong constitutional legitimacy based on the 1945 Constitution of the Republic of Indonesia, further reinforced by Law Number 11 of 2006 concerning the Governance of Aceh, thereby confirming its lawful existence within the national judicial system under the Supreme Court of the Republic of Indonesia. In terms of institutional design, the Sharia Court reflects an asymmetric judicial structure, meaning it operates within the same national judicial framework but with broader jurisdiction compared to general religious courts. This design represents a model of controlled legal pluralism, in which Islamic law is integrated into the state legal system in a regulated manner. However, the study also finds potential structural disharmony, particularly regarding normative differences between national law and Islamic criminal law, as well as coordination among law enforcement institutions. Nevertheless, these potential issues can be minimized through regulatory harmonization and strengthened institutional coordination. Thus, the Sharia Court functions not only as a judicial institution but also as a constitutional instrument in managing legal pluralism in Indonesia within the framework of a rule-of-law state.

Islamic Accounting Literacy and Business Sustainability: Evidence from Indonesian MSMEs

2026-07-27T04:58:56+01:00

Micro, Small, and Medium Enterprises (MSMEs) play a vital role in Indonesia's economy, yet business sustainability remains a significant challenge, particularly in relation to financial management capabilities. One competency expected to enhance business sustainability is Islamic accounting literacy. This study aims to analyze the level of Islamic accounting literacy, examine the level of business sustainability, and investigate the effect of Islamic accounting literacy on the business sustainability of MSMEs within the Insan Kreasi Indonesia Community. The study employed a quantitative explanatory research design. Primary data were collected through questionnaires distributed to MSME owners selected using purposive sampling. Data were analyzed using descriptive statistics, coefficient of determination, and simple linear regression with IBM SPSS Statistics. The findings indicate that both Islamic accounting literacy and business sustainability are at high levels. Regression analysis reveals that Islamic accounting literacy has a positive and significant effect on business sustainability (β = 0.241; p = 0.017), explaining 16.1% of the variance in business sustainability (R² = 0.161). The study concludes that strengthening Islamic accounting literacy improves financial governance and contributes to the long-term sustainability of MSMEs. Therefore, continuous training and mentoring programs in Islamic accounting literacy are recommended to enhance sustainable business performance.

Strategi Penyaluran Dana Pada Bank Syariah

2026-06-02T11:54:33+01:00

This research aims to examine the fund distribution strategy in Islamic banking, which includes the concept of fund distribution, types of financing, financing feasibility analysis, portfolio diversification, financing risk, and expansion strategy. Islamic banks act as financial intermediaries that channel public funds through various Sharia-compliant contracts such as murabahah, mudharabah, musyarakah, ijarah, and istishna, all based on Islamic principles. The method used is a descriptive qualitative approach with a library research technique, analyzing various scientific journals and literature from the last five years. The focus of the study is directed at evaluating the effectiveness of fund distribution strategies in supporting optimal financing while maintaining the financial stability of Islamic banks.The results show that Islamic bank financing distribution plays an important role in encouraging the growth of MSMEs (Micro, Small, and Medium Enterprises) and strengthening the Sharia-based economy. However, several challenges still exist, such as non-performing financing (NPF) risk, low Islamic financial literacy, and limited innovation in financing products. Therefore, the application of financing feasibility analysis based on the 5C+1S principle, portfolio diversification, and effective risk management are key factors in maintaining financing quality. In addition, expansion strategies through optimizing Third Party Funds (TPF), digitalization of services, and increasing productive sector financing also play an important role in expanding the market share of Islamic banks. In conclusion, the success of fund distribution strategies in Islamic banking is highly dependent on the synergy between risk management, financing diversification, and well-directed expansion strategies. Proper implementation of these strategies not only enhances financial stability but also strengthens competitiveness and supports the sustainability of the Islamic banking industry in Indonesia.

Green Financing Dalam Perbankan Syariah

2026-06-05T03:05:55+01:00

This study discusses green financing in Islamic banking as an effort to support sustainable development and environmental preservation. The study aims to identify the concept of green financing, the role of Islamic banking, and the challenges in its implementation. The research used a qualitative method with a literature study approach through journals, books, and related regulations. The results show that green financing is implemented through instruments such as green sukuk, green bonds, and environmentally friendly financing in accordance with sharia principles. Islamic banking also supports green banking and sustainable MSME financing. However, its implementation still faces challenges, including low public understanding and limited application. Therefore, education and stronger policies are needed to improve the development of green financing.

MAQASHID SYARIAH SEBAGAI PARAMETER EVALUATIF TERHADAP LEGISLASI PERBANKAN SYARIAH DI INDONESIA

2026-05-04T07:11:05+01:00

This research aims to examine the substance of Islamic banking legislation in Indonesia through the lens of maqashid sharia as a normative evaluative parameter. Indonesian Islamic banking has a comprehensive regulatory framework; however, a fundamental question remains: does the regulation genuinely represent maqashid sharia values, or is it merely an adaptation of the conventional banking system with Islamic terminology? This study employs a juridical-normative approach with content analysis method applied to Law No. 21 of 2008 on Islamic Banking, Bank Indonesia regulations, and the Financial Services Authority (OJK) regulations. The theoretical framework used is contemporary maqashid sharia theory, particularly Jasser Auda's systems approach model. The findings reveal that formally, Indonesian Islamic banking legislation reflects several maqashid principles, especially the protection of property (hifz al-mal). However, substantively, there remain significant gaps in implementing the protection of life (hifz al-nafs), intellect (hifz al-aql), progeny (hifz al-nasl), and religion (hifz al-din). This study recommends a more holistic legislative reform that places maqashid sharia as the spirit, not merely a regulatory ornament.

Integrasi Zakat Dalam Sistem Fiskal Nasional Analisis Konstitusional dan Implementatif

2026-05-02T15:24:10+01:00

Zakat secara normatif merupakan kewajiban keagamaan fundamental yang kini bermetamorfosis menjadi instrumen kebijakan fiskal krusial bagi negara modern guna mendukung ekuilibrium makroekonomi dan pemerataan kesejahteraan sosial. Penelitian ini disusun untuk mengurai konstruksi konstitusional tata kelola zakat di Indonesia, mengukur derajat integrasinya dalam sistem fiskal nasional, serta mengidentifikasi kendala normatif dan empiris yang menghambat implementasinya. Melalui metode penelitian hukum normatif dan pendekatan ekonomi-politik kritis, temuan menegaskan bahwa UUD 1945 memberikan landasan yuridis kuat bagi intervensi negara melalui prinsip siyâsah syar'iyyah. Namun, lanskap institusional saat ini mengalami turbulensi akibat Putusan Mahkamah Konstitusi Nomor 97/PUU-XXII/2024 dan 54/PUU-XXIII/2025 yang membongkar anomali peran ganda BAZNAS sebagai regulator sekaligus operator. Secara fiskal, integrasi zakat berdasarkan PMK Nomor 114 Tahun 2025 masih sebatas pengurang penghasilan bruto (tax deduction), bukan pengurang pajak terutang (tax credit). Hal ini mengkristalkan fenomena beban ganda (double burden) yang melemahkan kepatuhan wajib pajak. Artikel ini merekomendasikan transisi menuju rezim tax credit dan pembentukan Badan Pengaturan dan Pengawas Zakat (BPPZ).

Kata Kunci: Zakat, Kebijakan Fiskal, Konstitusi, Mahkamah Konstitusi, Beban Ganda.

Rekonstruksi Politik Legislasi Hukum Islam Pasca Reformasi: Analisis Arah dan Model Integrasi dalam Sistem Hukum Nasional

2026-05-22T14:13:32+01:00

This study aims to reconstruct the political legislation of Islamic law after the reform era in Indonesia, covering policy directions and integration models within the national legal system. Employing normative legal methods through juridical-empirical, historical, and analogical approaches, the research finds that the direction of legislation from 1998 to 2026 is selective-accommodative. Expansion occurred in the areas of Islamic economics and Acehnese autonomy, while the formalization of national criminal law experienced decline. Four integration models are identified: formalistic, transformative, hybrid, and sectoral. The ambiguity of the grand design has led to regulatory fragmentation and normative inconsistency. This study proposes an integrative harmonization model based on maqashid al-shariah and human rights, supported by five pillars: maqashid as a framework, human rights as a minimum standard, pluralism of Islamic legal methodologies, subsidiarity, and inclusive public participation. This model aims to create a national legal system that is grounded in divinity, justice, and respect for pluralism.

REORIENTASI LEGISLASI WAKAF PRODUKTIF DALAM KERANGKA PEMBANGUNAN EKONOMI SYARIAH NASIONAL

2026-07-07T17:36:56+01:00

This study aims to examine the urgency of reorienting productive waqf legislation within the framework of national Islamic economic development in Indonesia. Waqf, as one of the instruments of Islamic philanthropy, holds significant strategic potential in promoting inclusive, equitable, and sustainable economic growth. However, the practice of waqf management in Indonesia is still predominantly characterized by consumptive and traditional models, thus failing to provide optimal contributions to the economic empowerment of the community. This condition reflects a gap between the substantial potential of waqf and its actual utilization in practice.

The Law on Waqf has provided a legal foundation for the development of productive waqf; however, its implementation continues to face various challenges. Therefore, this study aims to critically analyze the regulation of productive waqf under the Waqf Law from the perspective of maqasid al-shari‘ah. This research employs a qualitative approach with a normative legal research design through literature study.

The analysis is conducted using a descriptive-analytical method, with maqasid al-shari‘ah serving as the analytical framework. The findings indicate that the legislative framework of waqf in Indonesia remains largely normative and administrative, and has not fully accommodated the needs for developing productive waqf based on investment and economic empowerment. Additionally, there are challenges related to institutional capacity, the professionalism of nazhir (waqf managers), and the integration of waqf policies with the broader Islamic economic system. Therefore, a legislative reorientation is required, not only focusing on formal legal aspects but also promoting innovation, flexibility, and cross-sectoral synergy.

The reorientation of productive waqf legislation is expected to create a conducive ecosystem for more productive, transparent, and accountable waqf management. Thus, waqf can function not only as a religious instrument but also as a key pillar in national Islamic economic development aimed at enhancing public welfare. This study provides recommendations for policymakers to formulate regulations that are more responsive to modern economic developments, so that the potential of waqf can be maximized sustainably.

Integrasi Prinsip Perlindungan Anak Dalam Legislasi Hukum Keluarga Islam Di Indonesia

2026-07-09T08:53:21+01:00

Child protection is a constitutional mandate requiring harmonious integration across all legal aspects, including Islamic family law. This research aims to identify the extent to which Islamic family law legislation in Indonesia has comprehensively accommodated child protection principles and to formulate an adaptive regulatory reinforcement model. Utilizing a normative legal research method with statute and conceptual approaches, this study finds that child protection regulations within the Compilation of Islamic Law (KHI) and the Marriage Law remain fragmented and tend to be oriented toward parental rights rather than the best interests of the child. A normative disconnect exists, particularly in issues of marriage dispensation, child custody (hadhanah), and the weak enforcement mechanism for child maintenance post-divorce. This study recommends regulatory reconstruction through material harmonization, formalizing the role of experts in the judicial process, and implementing an automatic enforcement system to guarantee children's economic rights. This integration is essential to transform Islamic family law into an effective human rights protection instrument for future generations.

Kedudukan Fatwa Sebagai Sumber Pertimbangan Hakim Dalam Putusan Peradilan Agama: Analisis Normatif Dan Praktik Yudisial Siti Rahmah1, Zakiul Fuady2

2026-07-13T06:51:45+01:00

Abstract

This study aims to analyze the role of fatwas as a source of consideration for judges in religious court decisions through a normative legal approach. The results indicate that fatwas are not considered a formal source of law, but rather serve as a persuasive source of material law. In religious court practice, fatwas—particularly those from the Indonesian Ulema Council (MUI) and the National Council of Islamic Scholars (DSN-MUI)—are often used to support legal findings, particularly in Islamic economic cases and contemporary issues. While they play a role in strengthening the legitimacy of decisions, their use must be proportionate, as they are not binding and have the potential to lead to inconsistencies.

Keywords: fatwa, judge's considerations, religious courts, sources of law.

Pengaruh Pendapatan dan Persepsi Keuntungan Terhadap Minat Berinvestasi Emas di Bank Syariah Indonesia pada Generasi Milenial di Kota Bandar Lampung

2026-06-07T12:15:14+01:00

Investasi emas saat ini semakin diminati oleh masyarakat, terutama geenrasi milenial, karena dianggap mampu menjaga nilai aset dan memberikan keuntungan dimasa depan. Kemudahan akses melalui layanan digital Bank Syariah Indonesia juga membuat investasi emas semakin mudah di jangkau. Penelitian ini bertujuan untuk mengetahuin apakah pendepatan dan persepsi keuntungan dapat mempengaruhi minat generasi milenial di Kota Bandar Lampung untuk berinvestasi emas. Penelitian ini menggunakan pendekatan kuantitatif dengan melibatkan 100 responden yang dipilih berdasarkan kriteria tertentu. Data dianalisis menggunakan metode Partial Least Squares- Structural Equation Modeling (PLS-SEM) dengan bantuan aplikasi SmartPLS 3. Hasil penelitian menunjukkan bahwa pendapatan dan persepsi keuntungan berpengaruh positif serta signifikan terhadap minat berinvestasi emas. Semakin tinggi pendapatan yang dimiliki seseorang dan semakin besar keyakinannya terhadap keuntungan investasi emas, maka semakin tinggi pula minatnya untuk berinvestasi. Selain itu, persepsi keuntungan menjaddi faktor yang lebih dominan dibandingkan pendapatan dalam memengaruhi minat investasi. Penelitian ini menunjukkan bahwa faktor ekonomi dan keyakinan terhadap manfaat investasi memiliki peran penting dalam mendorong minat generasi milenial untuk berinvestasi emas melalui Bank Syariah Indonesia.

REFORMASI LEGISLASI PENYELENGGARAAN HAJI DAN UMRAH: ANALISIS AKUNTABILITAS DAN PERLINDUNGAN JAMAAH

2026-07-07T18:40:19+01:00

This study examines the legislative reform of Hajj and Umrah administration in Indonesia and its impact on public accountability and pilgrim protection. The study arises from rapid regulatory change, including institutional restructuring, new rules on quota and non-quota visas, supervision, and administrator responsibilities. The aim is to identify the post-reform regulatory structure and assess whether the current rules provide adequate protection for pilgrims. The method is normative legal research with a statute approach, conceptual approach, case approach, and historical approach. Legal materials were analyzed qualitatively through article review, norm comparison, conceptual interpretation, and meaning-making based on regulatory development and related cases. The findings show that the latest regulations move toward stronger governance and supervision, yet pilgrim protection is not fully optimal because a gap remains between legal text and implementation on the ground, especially in quota management, information transparency, and service certainty.

Integrasi Norma Syariah dalam Negara Pancasila: Analisis Batas Konstitusional dan Model Legislasi Ideal

2026-07-13T10:35:58+01:00

This study analyzes the integration of sharia norms into Indonesia's national legal system within the framework of the Pancasila state. Using a normative legal approach, it is found that Pancasila, as the Dār al-‘Ahd wa al-Syahādah (the Principles of the Prophet Muhammad) and Article 29 of the 1945 Constitution, provide philosophical and constitutional legitimacy for the inclusion of sharia values into positive law. However, this integration is limited by the principles of constitutional supremacy, human rights, pluralism, and democracy. The Constitutional Court plays a crucial role in testing its constitutionality. Therefore, the ideal legislative model is inclusive, participatory, and substantive to create just and harmonious laws in a pluralistic society.

Efektivitas Mediasi dalam Penyelesaian Sengketa Perdata Islam di Peradilan Agama: Analisis Normatif dan Empiris

2026-07-14T08:04:37+01:00

This study aims to analyze the regulatory framework for mediation and assess the effectiveness of its implementation in resolving Islamic civil disputes within the Religious Courts. Mediation is a dispute resolution mechanism integrated into the judicial process to foster amicable settlements between the parties. The study employs a normative legal research method, utilizing both statutory and conceptual approaches. Data were gathered through a literature review covering legislation, books, and scholarly journals related to court-annexed mediation—specifically Supreme Court Regulation Number 1 of 2016 concerning Mediation Procedures in Courts—and the authority of the Religious Courts as stipulated in Law Number 7 of 1989 on Religious Courts (as amended by Law Number 3 of 2006 and Law Number 50 of 2009). The findings indicate that, from a normative perspective, mediation rests on a solid legal foundation and aligns with the Islamic legal principle of *iṣlāḥ*, which emphasizes peaceful dispute resolution. However, the effective implementation of mediation in Religious Courts faces various obstacles, such as the parties' low willingness to reach a settlement, limited mediator skills, and structural factors within the judicial system. Consequently, efforts are needed to enhance the quality of mediators and raise public awareness regarding the importance of resolving disputes through mediation.

PROBLEMATIKA KEKUATAN MENGIKAT KOMPILASI HUKUM ISLAM DALAM PERSPEKTIF TEORI HIERARKI NORMA HANS KELSEN

2026-07-14T17:09:21+01:00

This study arises from a gap between the formal position of the Compilation of Islamic Law (KHI) in the Indonesian legal hierarchy and its use in Religious Courts. Formally, KHI is not part of the hierarchy of laws as regulated in Law Number 12 of 2011 as amended by Law Number 13 of 2022, because it is based only on a Presidential Instruction. In practice, judges still use KHI as a legal reference. This study aims to examine the position of KHI through Hans Kelsen’s norm hierarchy theory and to assess whether sociological legitimacy can support its binding force. The research uses a normative legal method with statutory, conceptual, case, and historical approaches. The results show that KHI is weak in formal validity due to its unclear position in the legal hierarchy. Even so, KHI still has binding force because it is widely applied and accepted in judicial practice. This study shows that the strength of KHI comes not only from formal structure but also from sociological legitimacy that grows in practice. The novelty of this study lies in combining norm hierarchy theory with sociological legitimacy to explain why KHI continues to apply despite its weak formal position in Indonesia’s legal system.