Main Article Content
Abstract
Purpose – This study investigates whether the regulatory framework governing Sharia banks effectively enforces their distinctive characteristics and fulfills the objectives of maqashid sharia, amid concerns about their perceived similarity to conventional banks.
Method – Using a normative legal approach, the research employs qualitative descriptive methods to analyze primary legal frameworks and validate findings through secondary sources.
Findings –. The study finds that Indonesia pioneered the concept of Islamic banking in the 1970s, requiring financial intermediation based on a profit-sharing system in accordance with Sharia principles. Despite these mandates, some Sharia banks continue to adopt practices resembling conventional banking markup schemes.
Practical implications – The findings highlight the need for legal reforms to reinforce Sharia banks' adherence to their foundational principles, thereby promoting a genuine partnership culture based on the principle of taawun (mutual cooperation).
Originality/value – This research underscores the gap between regulatory mandates and practical implementation, offering insights into how legal adjustments can align Sharia banking practices more closely with their philosophical roots
Keywords
PartnershipCultureRegulationSharia Bank
Article Details
How to Cite
Latifah, U. (2024). Unveiling Partnership Culture in Sharia Banking Regulations. BANCO: Jurnal Manajemen Dan Perbankan Syariah, 6(2), 77–92. https://doi.org/10.35905/banco.v6i2.9096
References
- Agustianto, Mochammad Andre, dan Muhimmatin Alfafa. 2021. “Problematika Moral Hazard pada Pembiayaan Mudharabah di BMT Maslahah Cabang Ngoro Kabupaten Mojokerto.” JIES : Journal of Islamic Economics Studies Volume 02 (3): 122–32.
Ali, Achmad. 2009. Menguak Teori Hukum (Legal Theory) & Teori Peradilan (Judicial Prudence), Termasuk Interpretasi Undang-Undang (Legisprudence). 2 ed. Jakarta: Kencana Prenda Media Group.
Ambarwati, Dewi. 2022. “Urgensi Pembaharuan Hukum Di Era ‘ Metavers E ’” 7 (September): 151–67.
Atsani, Ulya. 2022. “Purification of Sharia Banking Law in the National Banking System.” JURIS (Jurnal Ilmiah Syariah) 21 (1): 101. https://doi.org/10.31958/juris.v21i1.5725.
Handayani, I Gusti Ayu Ketut Rachmi. 2012. “The Influence of Structure, Substance and Culture to the Forest of Law Enforcement in Indonesia.” International Journal of Business, Economics and Law 1: 104–7.
Hidayatullah, Muhammad Syarif, dan Rahmat Fadillah. 2022. “Economic and Legal Dimensions of Collateral Existence in Modern Mudh ā rabah Contracts : Understanding the Relationship between Risk Management , National Law , and Contemporary Fiqh” 16 (2): 223–38.
Kadi, Sanaa. 2022. “Research Methods for Islamic Banking and Finance Law: Interdisciplinary Research Method.” European Journal of Islamic Finance 9 (2): 1–8. https://doi.org/10.13135/2421-2172/6628.
Latifah, Umi, dan Diyaul Haq. 2023. “Implementation of MSEs Certification for Encouraging Inclusively Halal Economy : Analysis from Legal Substance , Structure , and Culture,” 830–41.
Lubogo, Isaac Christopher. 2022. Sharia Law and Islamic banking in Uganda. Jescho Publishing House.
Mubtadi, Novendi Arkham, dan Hendri Hermawan Adinugraha. 2022. “Personal Prophetic Leadership , Sharia Compliance , And Islamic Corporate Governance : Sharia Banking Fraud Prevention Efforts” 2 (2): 139–47.
Noor, Erla Sharfina Permata. 2021. “Filosofi , Paradigma Modern Hukum Islam , Dan Analısıs Progresivitas Kaıdah Fıqıh Dalam Fatwa Dewan Syarıah Nasıonal,” 1–11.
Nopriansyah, Waldi, Makhrus Munajat, dan Abdul Mujib. 2022. “Maintaining the Plurality and Sacred Value of Islamic Law through the Existence of the Sharia Banking Law.” Al-Ahkam 32 (1): 65–86. https://doi.org/10.21580/ahkam.2022.32.1.8825.
Nurdiani, TW. 2022. “Implementation of Three Lines of Defense Model Across Comparison: Sharia Banks, Regional Banks, Rural Banks, and National ….” Osf.Io, no. 03: 355–61. https://doi.org/10.17605/OSF.IO/YDE2T.
Riyanti, Rika, dan Indah Anjar Reski. 2022. “Analysis of business law principles from a sharia perspective.” International journal of business, economics & management 5 (1): 67–75. https://doi.org/10.21744/ijbem.v5n1.1873.
Saputra, Refki, dan Abdurrahman Hilabi. 2022. “Aktualisasi Maqashid Syariah dalam Konstruksi Perspektif Fikih terhadap Aktivitas dan Produk Perbankan Syariah.” Al Maal: Journal of Islamic Economics and Banking 4 (1): 31. https://doi.org/10.31000/almaal.v4i1.6025.
Setiawan, Romi Adetio. 2022. RISK AND REGULATION OF ISLAMIC BANKS: THE INDONESIAN EXPERIENCE. Western Sydney University
References
Agustianto, Mochammad Andre, dan Muhimmatin Alfafa. 2021. “Problematika Moral Hazard pada Pembiayaan Mudharabah di BMT Maslahah Cabang Ngoro Kabupaten Mojokerto.” JIES : Journal of Islamic Economics Studies Volume 02 (3): 122–32.
Ali, Achmad. 2009. Menguak Teori Hukum (Legal Theory) & Teori Peradilan (Judicial Prudence), Termasuk Interpretasi Undang-Undang (Legisprudence). 2 ed. Jakarta: Kencana Prenda Media Group.
Ambarwati, Dewi. 2022. “Urgensi Pembaharuan Hukum Di Era ‘ Metavers E ’” 7 (September): 151–67.
Atsani, Ulya. 2022. “Purification of Sharia Banking Law in the National Banking System.” JURIS (Jurnal Ilmiah Syariah) 21 (1): 101. https://doi.org/10.31958/juris.v21i1.5725.
Handayani, I Gusti Ayu Ketut Rachmi. 2012. “The Influence of Structure, Substance and Culture to the Forest of Law Enforcement in Indonesia.” International Journal of Business, Economics and Law 1: 104–7.
Hidayatullah, Muhammad Syarif, dan Rahmat Fadillah. 2022. “Economic and Legal Dimensions of Collateral Existence in Modern Mudh ā rabah Contracts : Understanding the Relationship between Risk Management , National Law , and Contemporary Fiqh” 16 (2): 223–38.
Kadi, Sanaa. 2022. “Research Methods for Islamic Banking and Finance Law: Interdisciplinary Research Method.” European Journal of Islamic Finance 9 (2): 1–8. https://doi.org/10.13135/2421-2172/6628.
Latifah, Umi, dan Diyaul Haq. 2023. “Implementation of MSEs Certification for Encouraging Inclusively Halal Economy : Analysis from Legal Substance , Structure , and Culture,” 830–41.
Lubogo, Isaac Christopher. 2022. Sharia Law and Islamic banking in Uganda. Jescho Publishing House.
Mubtadi, Novendi Arkham, dan Hendri Hermawan Adinugraha. 2022. “Personal Prophetic Leadership , Sharia Compliance , And Islamic Corporate Governance : Sharia Banking Fraud Prevention Efforts” 2 (2): 139–47.
Noor, Erla Sharfina Permata. 2021. “Filosofi , Paradigma Modern Hukum Islam , Dan Analısıs Progresivitas Kaıdah Fıqıh Dalam Fatwa Dewan Syarıah Nasıonal,” 1–11.
Nopriansyah, Waldi, Makhrus Munajat, dan Abdul Mujib. 2022. “Maintaining the Plurality and Sacred Value of Islamic Law through the Existence of the Sharia Banking Law.” Al-Ahkam 32 (1): 65–86. https://doi.org/10.21580/ahkam.2022.32.1.8825.
Nurdiani, TW. 2022. “Implementation of Three Lines of Defense Model Across Comparison: Sharia Banks, Regional Banks, Rural Banks, and National ….” Osf.Io, no. 03: 355–61. https://doi.org/10.17605/OSF.IO/YDE2T.
Riyanti, Rika, dan Indah Anjar Reski. 2022. “Analysis of business law principles from a sharia perspective.” International journal of business, economics & management 5 (1): 67–75. https://doi.org/10.21744/ijbem.v5n1.1873.
Saputra, Refki, dan Abdurrahman Hilabi. 2022. “Aktualisasi Maqashid Syariah dalam Konstruksi Perspektif Fikih terhadap Aktivitas dan Produk Perbankan Syariah.” Al Maal: Journal of Islamic Economics and Banking 4 (1): 31. https://doi.org/10.31000/almaal.v4i1.6025.
Setiawan, Romi Adetio. 2022. RISK AND REGULATION OF ISLAMIC BANKS: THE INDONESIAN EXPERIENCE. Western Sydney University
Ali, Achmad. 2009. Menguak Teori Hukum (Legal Theory) & Teori Peradilan (Judicial Prudence), Termasuk Interpretasi Undang-Undang (Legisprudence). 2 ed. Jakarta: Kencana Prenda Media Group.
Ambarwati, Dewi. 2022. “Urgensi Pembaharuan Hukum Di Era ‘ Metavers E ’” 7 (September): 151–67.
Atsani, Ulya. 2022. “Purification of Sharia Banking Law in the National Banking System.” JURIS (Jurnal Ilmiah Syariah) 21 (1): 101. https://doi.org/10.31958/juris.v21i1.5725.
Handayani, I Gusti Ayu Ketut Rachmi. 2012. “The Influence of Structure, Substance and Culture to the Forest of Law Enforcement in Indonesia.” International Journal of Business, Economics and Law 1: 104–7.
Hidayatullah, Muhammad Syarif, dan Rahmat Fadillah. 2022. “Economic and Legal Dimensions of Collateral Existence in Modern Mudh ā rabah Contracts : Understanding the Relationship between Risk Management , National Law , and Contemporary Fiqh” 16 (2): 223–38.
Kadi, Sanaa. 2022. “Research Methods for Islamic Banking and Finance Law: Interdisciplinary Research Method.” European Journal of Islamic Finance 9 (2): 1–8. https://doi.org/10.13135/2421-2172/6628.
Latifah, Umi, dan Diyaul Haq. 2023. “Implementation of MSEs Certification for Encouraging Inclusively Halal Economy : Analysis from Legal Substance , Structure , and Culture,” 830–41.
Lubogo, Isaac Christopher. 2022. Sharia Law and Islamic banking in Uganda. Jescho Publishing House.
Mubtadi, Novendi Arkham, dan Hendri Hermawan Adinugraha. 2022. “Personal Prophetic Leadership , Sharia Compliance , And Islamic Corporate Governance : Sharia Banking Fraud Prevention Efforts” 2 (2): 139–47.
Noor, Erla Sharfina Permata. 2021. “Filosofi , Paradigma Modern Hukum Islam , Dan Analısıs Progresivitas Kaıdah Fıqıh Dalam Fatwa Dewan Syarıah Nasıonal,” 1–11.
Nopriansyah, Waldi, Makhrus Munajat, dan Abdul Mujib. 2022. “Maintaining the Plurality and Sacred Value of Islamic Law through the Existence of the Sharia Banking Law.” Al-Ahkam 32 (1): 65–86. https://doi.org/10.21580/ahkam.2022.32.1.8825.
Nurdiani, TW. 2022. “Implementation of Three Lines of Defense Model Across Comparison: Sharia Banks, Regional Banks, Rural Banks, and National ….” Osf.Io, no. 03: 355–61. https://doi.org/10.17605/OSF.IO/YDE2T.
Riyanti, Rika, dan Indah Anjar Reski. 2022. “Analysis of business law principles from a sharia perspective.” International journal of business, economics & management 5 (1): 67–75. https://doi.org/10.21744/ijbem.v5n1.1873.
Saputra, Refki, dan Abdurrahman Hilabi. 2022. “Aktualisasi Maqashid Syariah dalam Konstruksi Perspektif Fikih terhadap Aktivitas dan Produk Perbankan Syariah.” Al Maal: Journal of Islamic Economics and Banking 4 (1): 31. https://doi.org/10.31000/almaal.v4i1.6025.
Setiawan, Romi Adetio. 2022. RISK AND REGULATION OF ISLAMIC BANKS: THE INDONESIAN EXPERIENCE. Western Sydney University