Amrin
Department of Accounting, Politeknik Negeri Medan

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Innovation in Islamic Banking Services for Sustainable Development: An Analysis of the Alignment of Islamic Values with SDGs Mardelia Desfrida; Amrin; Obydur Rahman
Profetika: Jurnal Studi Islam Vol. 27 No. 01 (2026): Profetika Jurnal Studi Islam 2026
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/profetika.v27i01.13570

Abstract

Objective: This study aims to analyse the alignment of Islamic banking service innovations with the Sustainable Development Goals (SDGs) through a maqāṣid al-sharī‘ah–based values approach, positioning Islamic finance as a strategic actor in sustainable development. Theoretical framework: Integrates maqāṣid al-sharī‘ah principles, particularly justice (‘adl), public benefit (maṣlaḥah), and balance (tawāzun), with the multidimensional SDG paradigm encompassing economic growth, social equity, and environmental sustainability. Literature review: Conceptualisation of service innovation in Islamic banking, the relationship between Sharia values and the Sustainable Development Goals, and integration of innovation and sustainability in Islamic banking practices. Method: Employing a qualitative research design based on library research, data were analysed through stages of presentation, conceptual development, and conclusion drawing, using a hermeneutic approach to interpret the substantive relationships between maqāṣid principles and SDG targets. Results: the findings reveal a strong conceptual convergence between Islamic ethical values and key SDG dimensions, particularly poverty alleviation, social equality, and environmental protection, leading to the formulation of the Shariah Sustainable Service Framework (SSSF), which comprises three interconnected pillars: spirituality as a moral foundation, social justice as the orientation of benefit distribution, and economic efficiency as an instrument of productive sustainability. Implications: This framework provides normative and strategic guidance for Islamic financial institutions in designing ethically grounded and sustainability-oriented service innovations, while offering regulators and policymakers a reference for strengthening sharia-based governance aligned with global development agendas. Novelty: This study lies in the development of an original integrative framework that systematically bridges maqāṣid al-sharī‘ah values with SDG indicators, advancing Islamic banking from a compliance-driven model toward a value-based paradigm of sustainable development.
Empowering MSMEs in Indonesia through Sustainable Cash Waqf: Strategic Solutions Aligned with the SDGs Rizal Agus; Enny Segarahati Barus; Amrin; Mukhtasar; Muhamad Noor Baihaqi bin Mokhtar
Profetika: Jurnal Studi Islam Vol. 27 No. 01 (2026): Profetika Jurnal Studi Islam 2026
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/profetika.v27i01.14997

Abstract

Objective: This study investigates the strategic optimization of cash waqf as an alternative Islamic social finance instrument to empower micro, small, and medium enterprises (MSMEs) in Indonesia within the framework of SDGs-oriented sustainable economic development. Theoretical framework: The study is framed within Islamic social finance theory, particularly cash waqf as a productive and sustainable instrument, combined with principles of institutional performance, trust-based governance, and MSME empowerment in a digital economy context supporting SDGs achievement. Literature review: The literature review discusses cash waqf as an Islamic social finance instrument for MSME empowerment, human capital development, and motivation in cash waqf management associated with SDGs implementation and inclusive economic growth. Methods: This research employs the Analytic Network Process (ANP) methodology to analyze interdependencies among strategic factors. Data were obtained from Kedai Wakaf MUI North Sumatra and Dompet Dhuafa Indonesia, supported by expert judgments from seven respondents representing practitioners and scholars in waqf and Islamic economics. Results: The results indicate that human resource development particularly motivation outweighs technical skills as the most critical internal solution. Marketing capabilities, especially product creativity and digital engagement, are also essential. Total sales are prioritized over profit margins as performance indicators. In increasing waqf collection, public awareness raising is slightly more influential than socialization. Externally, trust driven by transparency and accountability emerges as the primary concern, followed by economic factors and government policy support with sustainable funding aligned with SDGs priorities. Implications: These findings suggest that optimizing cash waqf for MSME empowerment requires an integrated, data-driven strategy that strengthens internal capacity, enhances digital marketing, ensures transparent governance, and aligns with supportive public policies for SDGs sustainability. Novelty: This study contributes novelty by empirically applying the ANP approach to prioritize internal and external strategic factors in cash waqf-based MSME empowerment, offering a structured decision-making perspective that integrates human resources, digital marketing, trust, policy dimensions, and SDGs-oriented Islamic social finance development.