Shari’ah Compliance Perception and Non-Muslim Participation in Islamic Cooperative Microfinance: Integrating Islamic Economic Law Principles with Behavioral Intention

Afief El Ashfahany (Universitas Muhammadiyah Surakarta)
Alda Amilia Noer Mahirland Mahirland (Universitas Muhammadiyah Surakarta)
Neneng Nadila Kurniawati Kurniawati (Universitas Islam Negeri Sunan Kalijaga Yogyakarta)
Afief El Ashfahany (School of Graduate Studies INCEIF University)

Journal of Islamic Economic Laws
Vol. 9 No. 01 (2026): January

Islamic cooperative microfinance (BMT) operates on the principles of fiqh muamalah, prohibiting riba, gharar, and maisir while promoting contractual transparency, risk-sharing, and distributive justice. Despite their Islamic legal foundations, BMTs increasingly attract non-Muslims who perceive their ethical framework as legally predictable and financially equitable. This study examines non-Muslims’ intention to engage with BMTs, integrating Islamic economic laws literacy into an extended Theory of Planned Behavior (TPB). Analyzing survey data from 192 non-Muslim respondents in Indonesia, we demonstrate that attitude, subjective norms, perceived behavioral control, and knowledge of Shariah compliance collectively shape intention. These findings underscore how transparent implementation of Islamic economic law principles transcends religious boundaries, offering actionable insights for inclusive Shari’ah governance, cooperative regulation, and ethical financial inclusion.