JURNAL DINAMIKA EKONOMI PEMBANGUNAN
Vol 8 (2025): Special Issue: Call for Paper Pusaka Jateng

Halal Trust Score sebagai Inovasi Penilaian Pembiayaan Syariah: Sebuah Prototipe pada Halal Value Chain berbasis Blockchain

Galih Pradananta (Fakultas Ekonomi dan Bisnis Islam, UIN Sayyid Ali Rahmatullah Tulungagung, Tulungagung)
Badara Shofi Dana (Fakultas Ekonomi dan Bisnis Islam, UIN Sayyid Ali Rahmatullah Tulungagung, Tulungagung)



Article Info

Publish Date
30 Jan 2026

Abstract

The global halal industry is undergoing a paradigm shift from voluntary compliance to mandatory state-enforced assurance, particularly in Indonesia, where the halal food sector is a critical pillar of the national economy. However, the current halal certification regime remains predominantly product-centric and relies on static, document-based verification. This creates a significant information asymmetry for Islamic Financial Institutions (IFIs) when assessing the creditworthiness and Sharia compliance of Micro, Small, and Medium Enterprises (MSMEs). This research proposes the "Halal Trust Score," a novel digital artifact and credit risk metric derived from a blockchain-based traceability system. Adopting the Design Science Research Methodology (DSRM), we architected and prototyped a permissioned blockchain network using Hyperledger Fabric. The system digitizes the halal value chain, from the Slaughterhouse (RPH) to the final retailer, capturing real-time behavioral data through QR code interactions. A bespoke smart contract algorithm aggregates this data into a dynamic Trust Score based on four weighted indicators: Certificate Activity (20%), Input Scan Frequency (30%), Output Publication Frequency (30%), and Chain Interaction Velocity (20%). Simulation results demonstrate that this scoring mechanism effectively translates qualitative supply chain behaviors into quantitative financial metrics, serving as a reliable proxy for the "Character" and "Capacity" elements of credit risk. By reducing information opacity, the Halal Trust Score not only facilitates more efficient, data-driven financing decisions for IFIs but also creates a mimetic and normative institutional pressure for MSMEs to maintain high integrity standards. This study contributes to the literature on Islamic Fintech by providing a validated framework for integrating real-sector behavioral data into monetary-sector risk assessment.

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Journal Info

Abbrev

dinamika_pembangunan

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal Dinamika Ekonomi Pembangunan published by Department of Economics and Development Studies Faculty of Economics and Business, Diponegoro University. Jurnal Dinamika Ekonomi Pembangunan published three times a year contains scientific articles that discuss state of the art theory and empirical ...