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All Journal Misykat: Jurnal Ilmu-ilmu Al-QurÆan, Hadist, Syariah dan Tarbiyah Golden Ratio of Data in Summary
Hidayat
Institut Ilmu Al-Qur'an (IIQ) Jakarta
Economics, Econometrics & Finance Languange, Linguistic, Communication & Media Social Sciences Other

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The Principles of Business Continuity and Public Interest in the Resolution of Sharia Bankruptcy Disputes M. Marsetiaji; M. Dawud Arif Khan; Hidayat
Golden Ratio of Data in Summary Vol. 6 No. 1 (2026): November - January
Publisher : Manunggal Halim Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52970/grdis.v6i1.1766

Abstract

The background of this study lies in the absence of specific regulations regarding bankruptcy and the suspension of debt payment obligations (PKPU) based on Sharia principles. In practice, the principles of business continuity and public interest (maṣlaḥah) are often neglected in resolving Sharia bankruptcy disputes, leading judges to focus primarily on formal juridical aspects. This research aims to analyze the implementation of these two principles in PKPU cases involving Sharia contracts, which the Commercial Court and the Supreme Court handle. The study employs a qualitative method with a normative legal approach through document studies and interviews. The results indicate that the principle of business continuity has not been optimally applied, while the principle of public interest is often overlooked in legal considerations. These findings underscore the need to reformulate Sharia bankruptcy law to incorporate maqāṣid al-syarī‘ah values better, thereby providing judges with a stronger foundation for balancing the interests of debtors, creditors, and society fairly and equitably.
RETAIL GREEN SUKUK: DSN MUI FATWA AND MAQASHID SHARIA REVIEW Risyda Nurul Qolbi; Hidayat; Umi Khusnul Khotimah
MISYKAT Jurnal Ilmu-ilmu Al-Quran Hadist Syari ah dan Tarbiyah Vol 11 No 1 (2026): Misykat: Jurnal-ilmu-ilmu Al-Quran, Hadits, Syariah dan Tarbiyah
Publisher : Program Pascasarjana IIQ Jakarta

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Abstract

Indonesia has significant potential to develop Retail Green Sukuk, especially in addressing climate change issues towards a green and sustainable economy. This research aims to analyze the practice, sharia compliance based on DSN-MUI Fatwa No: 137/DSN-MUI/IX/2020 on Sukuk, and maqāṣid asy-Syarī’ah review of the issuance, use of proceeds, and payment of yields (coupons) for Retail Green Sukuk, with a case study on Sukuk Tabungan Series. The research method used is field research with a qualitative case study approach, utilizing an empirical normative and maqāṣid asy-Syarī’ah (kulliyat as-Sitt) perspective. Qualitative data sources include in-depth interviews with DSN-MUI, document studies on the issuance of Sukuk Tabungan Series, and other supporting data such as regulations, fatwas, literature, and other sources related to green sukuk and maqāṣid asy-Sharī’ah issues, which are then analyzed using inductive analysis techniques. This study finds that the practice of Retail Green Sukuk Sukuk Tabungan Series complies with the DSN-MUI Fatwa No: 137/DSN-MUI/IX/2020 concerning Sukuk. However, sharia compliance in its operations needs to be enhanced and explored further so that the practice of Retail Green Sukuk in Indonesia, particularly Sukuk Tabungan Series, can be carried out completely in accordance with sharia principles. The idea of 'umum al-balwa’ can be used in conjunction with the fiqh principle مَا لَا يُدْرَكُ كُلُّهُ لَا يُتْرَكُ كُلُّهُ. The process of issuance, use of proceeds, and payment of yields (coupons) for Retail Green Sukuk Sukuk Tabungan Series not only fulfills the objectives of maqāṣid asy-Syarī’ah (hifẓ ad-Dīn, hifẓ an-Nafs, hifẓ al-‘Aql, hifẓ an-Nasl, hifẓ al-Māl, and hifẓ al-Bīah), but also contributes to the sustainable economy and the welfare of society.
Co-Authors M. Dawud Arif Khan M. Marsetiaji Risyda Nurul Qolbi Umi Khusnul Khotimah