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A comparative fiqh analysis of hybrid contracts regulation in the Cash Waqf Linked Deposit (CWLD) Akmal Hidayah; Achmad Arif; Ahmad Muqorobin; Yana Elita Ardiani
Co-Creation : Jurnal Ilmiah Ekonomi Manajemen Akuntansi dan Bisnis Vol. 5 No. 1 (2026): Co-Creation : Jurnal Ilmiah Ekonomi Manajemen Akuntansi dan Bisnis
Publisher : ARKA INSTITUTE

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55904/cocreation.v5i1.2267

Abstract

This study aims to analyze the validity of hybrid contracts in the Cash Waqf Linked Deposit (CWLD) model regulated by the Financial Services Authority (OJK). The study was motivated by the gap between the potential for national cash waqf and the low rate of its actual collection, as well as the fiqh debate regarding the return of principal funds to customers. The method used is a juridical-normative study with a qualitative approach. Data were obtained through a literature review of primary legal sources, including the OJK’s CWLD Implementation Guidelines, Islamic banking regulations, DSN-MUI fatwas, and fiqh literature from the four schools of thought, as well as secondary legal sources such as scientific articles and academic books. The analysis was conducted using a deductive-coherence approach based on the theory of al-‘Uqūd al-Māliyah al-Murakkabah. The results of the study indicate that the CWLD structure falls under the category of al-uqūd al-mujtami‘ah al-mubāhah, which is valid due to the separation of legal objects between the mudārabah investment funds and the endowed returns. A comparative fiqh analysis also confirms the legality of temporary waqf through the talfiq approach, which accommodates the views of the Maliki and Hanafi schools of thought. Thus, the CWLD is an innovation that aligns with the Maqāṣid al-Syarī‘ah while supporting the mobilization of social funds and strengthening the liquidity stability of Islamic banking.
Reconstructing Islamic Agricultural Financing Regulations: A Socio-Legal Study using Soft Systems Methodology Ahmad Muqorobin; Use Etica; Nunung Rodliyah; Akmal Hidayah; Mohamed Rashid Ab Razak
Fiat Justisia: Jurnal Ilmu Hukum Vol. 20 No. 1 (2026)
Publisher : Universitas Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25041/fiatjustisia.v20no1.4722

Abstract

Despite its constitutional role in supporting food sovereignty, Banyuwangi’s agricultural sector remains excluded from formal Islamic finance due to a regulatory gap between rigid banking standards and agricultural risk. This study identifies a Proximity Paradox, in which Islamic banks are structurally disincentivized from financing smallholders. Using Soft Systems Methodology (SSM) as a socio legal approach and drawing on empirical data from farmers, Islamic banks, and Bayt al-Māl wa al-Tamwīl (BMTs), the research formulates an Agricultural Financing Regulatory Model. The model recommends policy reform by the Financial Services Authority (Otoritas Jasa Keuangan, OJK) and the National Sharia Council (Dewan Syariah Nasional–Majelis Ulama Indonesia, DSN-MUI), including hybrid value chain contracts, mandatory agricultural takaful, and a formal Bank–BMT linkage scheme, to align banking compliance with agricultural realities and promote distributive justice (‘adl).
Bridging Islamic Inheritance Law And Local Traditions: Empirical Insights From Brahu Village Indah Puspitasari; Ahmad Muqorobin; M. Bagus Saputro
Jurnal Fuaduna : Jurnal Kajian Keagamaan dan Kemasyarakatan Vol. 8 No. 2 (2024): December 2024
Publisher : Universitas Islam Negeri Sjech M. Djamil Djambek Bukittinggi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30983/fuaduna.v8i2.9119

Abstract

The implementation of Islamic inheritance law is a religious obligation for every Muslim, as mandated by the Qur’an, Hadith, and the consensus (ijma') of the Prophet’s companions. However, its application often faces obstacles due to limited public understanding, as seen in Brahu Village, Siman Subdistrict, Ponorogo. This study aims to explore the community’s knowledge, practices, and efforts to apply Islamic inheritance law while formulating an educational model suited to local socio-cultural characteristics. Using a qualitative approach through in-depth interviews and observations, the research found that inheritance distribution predominantly follows customary practices based on equal sharing (dum podo). Discussions on inheritance are typically delayed until the 1,000th day after death or longer if a spouse survives. Raising the issue immediately after death is considered culturally inappropriate and contrary to the value of pekewuh (reluctance). Despite this, there is a sincere desire within the community to understand and implement Islamic inheritance principles. Therefore, a gradual, systematic, and community-based educational strategy is needed, utilizing religious gatherings such as Yasinan, Aisyiyah, Fatayat, and mosque caretaker (takmir) training programs. The implementation of Islamic inheritance law can be carried out harmoniously within families, starting with education on fundamental principles such as the obligation to identify heirs and their shares according to Islamic rulings, followed by a distribution process based on mutual agreement when necessary. This approach serves as a bridge that allows Islamic inheritance law and local traditions to coexist.
Partnership Cooperation Models in Fiqh Muamalah: A Case Study of Kencana Mulia Sejahtera Cooperative in Ngawi Imam kamaluddin Imam; Ahmad Muqorobin; Eko Nur Cahyo Eko; Aliyya Lathifa Daniswara Daniswara
Islamic Economics Journal Vol. 11 No. 01 (2025): Islamic Economics Journal
Publisher : Faculty of Economics and Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/iej.v11i01.8

Abstract

This study aims to analyse the partnership pattern applied by Kencana Mulia Sejahtera Cooperative in Ngawi in the perspective of fiqh muamalah. This cooperative focuses on a form of cooperation between cooperatives and their members, aiming to increase coffee production and sales. Using a descriptive qualitative approach, data were collected through in-depth interviews, field observations, and documentation, then processed through data reduction, data display, and conclusion drawing. The findings show that the partnership implemented by Kencana Mulia Sejahtera Cooperative and its members follows two partnership patterns. When examined through the lens of fiqh muamalah, these partnership patterns align with syirkah ‘inan and mudharabah. The profit-sharing mechanism is based on each party’s contribution, with risks shared proportionally. The analysis shows that the partnership reflects syirkah ‘inan, where both contribute capital and share profits, and mudharabah, where the cooperative manages farmers’ capital for marketing. This structured cooperation mechanism has strengthened the economic position of farmers by ensuring fair distribution, price stability, and access to a broader market. Further research is recommended to refine the implementation of this partnership model in other agribusiness sectors and improve its operational efficiency.
SOSIALISASI KEUANGAN SYARIAH PADA SEKTOR PERTANIAN KEPADA MITRA GAPOKTAN (GABUNGAN KELOMPOK TANI) DESA NGLONING KEC. SLAHUNG Ahmad Muqorobin; Rifqi Baihaqi Zaki; Andika Rizaldi
MIMBAR INTEGRITAS : Jurnal Pengabdian Vol 4 No 2 (2025): AGUSTUS 2025
Publisher : Biro Administrasi dan Akademik

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36841/mimbarintegritas.v4i2.6217

Abstract

Penerapan sistem keuangan berbasis syariah menjadi hal krusial karena menjamin adanya transparansi, keadilan, serta tidak adanya gharar antara pemodal dan petani. Dengan sistem ini, manajemen keuangan dapat berjalan sesuai dengan prinsip Islam, sehingga dapat menghindari praktik-praktik yang merugikan, seperti riba dan ketidakjelasan dalam akad. Oleh karena itu, petani diharapkan tidak hanya memahami konsep keuangan syariah tetapi juga mampu menerapkannya dalam organisasi GAPOKTAN secara optimal. Namun, hasil temuan di Desa Ngeloning, Selahung-Ponorogo, menunjukkan bahwa praktik simpan pinjam yang dilakukan oleh petani masih mengandalkan bank konvensional. Hal ini berisiko tinggi terhadap riba karena penggunaan sistem bunga yang bertentangan dengan prinsip syariah dan dapat menimbulkan beban finansial yang berat bagi petani. Menyikapi kondisi tersebut, melalui program pengabdian kepada masyarakat berinisiasi melakukan sosialisasi guna mengenalkan serta meningkatkan pemahaman petani mengenai konsep keuangan syariah dalam sektor pertanian. Metode yang digunakan dalam kegiatan ini adalah Focus Group Discussion (FGD) dan sosialisasi, yang terbagi dalam tiga tahap, yaitu persiapan, pelaksanaan, dan evaluasi. Kegiatan ini dilaksanakan pada 5 Maret 2024 di Desa Ngeloning. Hasilnya menunjukkan peningkatan pemahaman masyarakat terhadap konsep keuangan syariah dalam mengelola sistem keuangan di GAPOKTAN. Dengan pemahaman yang lebih baik, diharapkan petani mampu beralih ke sistem keuangan yang lebih bersih, transparan, dan sesuai dengan prinsip Islam. Sosialisasi ini menjadi langkah awal dalam mengarahkan sistem keuangan pertanian agar lebih sesuai dengan prinsip syariah, sehingga dapat menciptakan lingkungan ekonomi yang lebih adil, berkelanjutan, dan beretika sesuai ajaran agama islam.