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Syaifuddin Syaifuddin
Institut Agama Islam Negeri Ternate, Indonesia
Humanities Economics, Econometrics & Finance Education Environmental Science Social Sciences

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Home Procurement Solution: The Utilization of Tawatu’ in the Musharakah Mutanaqishah Agreement for Home Ownership Jasmin Jasmin; Syaifuddin Syaifuddin; Umu Rosyidah; Muh Sajjaj Sudirman; Abubakar Esa
Business and Applied Management Journal Vol. 3 No. 2 (2025)
Publisher : Al-Qalam Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61987/bamj.v3i2.1636

Abstract

This research aims to examine the application of the tawatu’ concept to enhance the Musharakah Mutanaqishah contract for home ownership financing (KPR), addressing the challenges posed by population growth and housing shortages. Islamic banks offer home ownership financing based on the Musharakah principles, specifically Musharakah Mutanaqishah, which involves a gradual transfer of ownership from the bank to the customer. However, the issue arises from naming the certificate in the customer's name, even though the house remains jointly owned. This study uses field research, collecting data through interviews and document review, and analyzes them using the descriptive qualitative model of Huberman and Miles. The findings indicate that naming the customer on the certificate helps streamline the process with the National Land Agency (BPN), Sharia banks, and the customer. This process is supported by the tawatu’ concept, a secret agreement between two parties aimed at finding a way out of contractual issues within the scope of Sharia law and positive law. The tawatu’ concept provides a harmonious solution for Islamic banking, supporting further growth and development.
Sharia-Oriented Performance of Local Government-Owned Islamic Rural Banks in Indonesia: A Disclosure-Based Descriptive Assessment Using the Islamicity Performance Index Nirwan Umasugi; Syaifuddin Syaifuddin; Rusmiyanti Wontami; Abd Rauf Wajo; Muhammad Ufuqul Mubin
Business and Applied Management Journal Vol. 4 No. 2 (2026)
Publisher : Al-Qalam Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61987/bamj.v4i2.2320

Abstract

This study evaluates the sharia-oriented financial performance of local government-owned Islamic rural banks (BPRS) in Indonesia using a disclosure-based Islamicity Performance Index (IPI). The sample comprises 21 BPRS observed during the 2024 financial year. A cross-sectional quantitative descriptive approach was applied by calculating bank-level ratios and reporting descriptive statistics without hypothesis testing or econometric estimation. Six indicators were examined: profit-sharing distribution, Zakat Performing Ratio, equitable distribution, employee-to-director welfare, Islamic Investment Ratio, and Islamic Income Ratio. Proxy construction and missing-data treatment were explicitly specified because public reports did not consistently disclose all canonical IPI components. The available profit-sharing proxy (n = 14) averaged 9.21%, while the Zakat Performing Ratio, equitable-distribution proxy, and employee-to-director welfare ratio averaged 0.099%, 28.10%, and 26.34%, respectively. Following standardization, Islamic investments accounted for 99.823% of total investments, while Islamic income accounted for 99.976% of total income. The findings demonstrate consistently strong alignment in investment and income sources but greater variation in profit-sharing, zakat, and distributive outcomes. OJK, PERMABIDA, local government shareholders, and BPRS management should therefore establish standardized IPI disclosure fields and institution-specific social performance targets to strengthen comparability, accountability, and policy oversight.
Co-Authors Abd Rauf Wajo Abubakar Esa Jasmin Jasmin Muh Sajjaj Sudirman Muhammad Ufuqul Mubin Nirwan Umasugi Rusmiyanti Wontami Umu Rosyidah