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Journal : Journal of Islamic Economics Lariba

The impact of implementing Aceh Qanun No. 11 of 2018 concerning Sharia Financial Institutions on the management of sharia insurance institutions Simanjuntak, Indah; Sudiarti, Sri; Yanti, Nursantri
Journal of Islamic Economics Lariba Vol. 9 No. 1 (2023)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol9.iss1.art14

Abstract

IntroductionArticle 65 of Aceh Qanun No. 11 of 2018 concerning Sharia Financial Institutions regulates that financial institutions operating in Nagroe Aceh Darussalam are required to make adjustments no later than three years from the promulgation of the qanun. PT Asuransi Sinarmas Syariah Banda Aceh is one of the financial institutions that is transitioning from conventional to sharia as the implementation of this qanun.ObjectivesThis research aims to find out the impact of implementing this Qanun on PT Asuransi Sinarmas Syariah Banda Aceh. MethodThis qualitative research uses interviews, observation, and documentation for data collection. The data is then reduced, simplified and presented to draw conclusions.ResultsThe results of the research show that there were changes in the payment mechanism carried out by PT Asuransi Sinarmas Syariah Banda Aceh before and after the implementation of the qanun. Apart from that, the implementation of the qanun caused PT Asuransi Sinarmas Syariah Banda Aceh to experience a decline in business of up to 70% in the initial stages. However, subsequently, PT Asuransi Sinarmas Syariah Banda Aceh began to experience an increase in business. ImplicationsThe sharia insurance industry in Nanggroe Aceh Darussalam needs to provide education and information about the implementation of the sharia system for the wider community.Originality/NoveltyThis research is unique because it contributes to the analysis of the impact of sharia legislation on the sharia insurance industry.
Co-Authors Ahmad Hasibuan, Nur Fadhilah Aini Syifa, Raisa Hilia Alam Alam, Alam Amansyah, Amansyah Aminor, Aminor Aminuyati Amsari, Syahrul Andriati, Yumi Sri Anggraini, Susi Ardhiansyah Arnida Wahyuni Lubis Atika Atika Badriatin, Tine Barus, Dana Syahputra Bi Rahmani, Nur Ahmadi Chuzaimah Batubara Devi Damayanti Edward, Yusuf Ronny Fatwa, M. Ihsan Ferty, Feila Deo Frinal Saputri, Dea Ghurroh Setyoningrum, Nuk Harahap, Lia Novianty Harahap, Muhammad Ikhsan Harahap, Rahmat Daim Hartanto Hasibuan, M. Taufik Hasibuan, Misna Hendra Hendra Herawati Herawati Hery Syahrial, Hery Indriani, Rizki Ismail Fahri Isyana Rahayu, Isyana Jefriansyah Jefriansyah, Jefriansyah Khodijah, Amalia Siti Kusmilawaty, Kusmilawaty Lesmono, Bambang Lewi, Sarifah Lia Puspitasari Lubis, Fadhilah Nondangari Lubis, Nabila Lucky Radi Rinandiyana Mahendra, Ahdiyat Marliyah, Marliyah MayaPutra, Muhammad Umar Muhammad Alfarabi Muhammad Lathief Ilhamy Nasution Muhammad Ramadhan muhammad Syahbudi, muhammad Murizal, Irvan N. Nelis Febriani SM Nasution, Adanan Murroh Natasya, Tifani Nofinawati Nofinawati, Nofinawati Nugroho, Ahmad Bayu Nur, Melani Azzahra Nurbaiti Nurbaiti Nurhasanah, Rima Nurherawati, Nurherawati Nursantri Yanti Nurul Inayah Peranginangin, Siska Junianti Pohan, Komariah Hapni Putri, Rafika Chudriana Rahmi Syahriza, Rahmi Retno Dyah Pekerti Ritonga, Nanda Wirayulinda Ritonga, Ridwan Ruhama, Intan Rusliana, Nanang Samri Juliati Nasution, Yenni Saputra, Julfan Setyoningrum, Nuk Gurroh Siahaan, Efrida Sari Ramayani Simanjuntak, Indah Sirait, Frida Yanti Siregar, Rizky Ananda Dafitra Sitorus, Seftia Rendiani Solihah, Nita Sundarsih, Dedeh SURYANI Syarbaini, Ahmad Muhaisin B Syfa, Raisa Hillia Aini Tuti Anggraini Wahyu Syarvina