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COMMON SIZE ANALYSIS OF THE FINANCIAL STATEMENTS OF BSI (BANK SYARIAH INDONESIA ) PERIOD 2020–2022 Boonmaloet, Monthita
Jurnal Justisia Ekonomika: Magister Hukum Ekonomi Syariah Vol 9 No 2 (2025): Desember 2025
Publisher : Universitas Muhammadiyah Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30651/justeko.v9i2.26025

This study analyzes the financial structure of Bank Syariah Indonesia (BSI) for the period 2020–2022 using the common size analysis method. This approach is employed to examine the proportional composition of assets, liabilities, income, and operating expenses, offering clearer insights into financial trends within Islamic banking. The analysis is conducted within the framework of Justicia Economica, which emphasizes equitable allocation of funds and efficient management of financial resources. The study adopts a descriptive quantitative method based on BSI’s officially published annual financial statements. Each financial item is converted into a percentage of total assets or total revenue to identify structural changes and compare financial proportions across the observed years. The results show that customer financing consistently represents the largest component of BSI’s assets, rising from 66.3% in 2020 to 69.7% in 2022. On the liabilities side, Third-Party Funds (DPK) remain the dominant source of funding, contributing over 82% annually and reflecting strong public confidence. Income is primarily derived from Sharia-compliant financing instruments, such as murabahah and ijarah, with non-financial income experiencing notable growth. Operating expenses increased throughout the period, contributing to a decline in pre-tax profit from 17.2% to 15.8%. This study provides a structured financial profile of BSI through common-size analysis and offers insights for policymakers and practitioners to enhance efficiency, strengthen capital structure, and optimize income diversification to support the sustainability of Islamic financial institutions.

AN ISLAMIC ECONOMIC LAW REVIEW OF THE QURBAN JOINT SAVINGS PRACTICE IN THE DARUT TAKWA TAKLIM ASSEMBLY imalah141220, imalah141220
Jurnal Justisia Ekonomika: Magister Hukum Ekonomi Syariah Vol 9 No 2 (2025): Desember 2025
Publisher : Universitas Muhammadiyah Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30651/justeko.v9i2.26302

The focus of the problem in this study: 1) How is the Analysis of the Implementation of the Sacrificial Joint Savings in the Taklim Assembly Darut Takwa Village, B.Oro Konang District? 2) Is the Implementation of Sacrificial Joint Savings in the Darut Takwa Taklim Assembly of B.Oro Village, Konang District, in accordance with the HES Perspective? This research uses qualitative research methods. Data collection techniques using interviews, observations, and documentation studies. Data analysis using condensation, data presentation, and conclusion drawing. The results of this study 1) Implementation of the Sacrificial Joint Savings at the Darut Takwa Women's Assembly uses three processes. The first is the savings process, the second is the joint venture process, and the third is the process of representing the purchase of sacrificial animals. 2) Implementation of Sacrificial Savings in Majelis Taklim Darut Takwa, B.Oro Village, Konang District. The activity succeeded in having a positive impact on the taklim assembly participants and the community around the taklim assembly. The sacrificial savings activity succeeded in fostering interest in sacrificing the mothers of the taklim assembly and the surrounding community. 3) Implementation of Kurban Joint Savings in Majelis Taklim Darut Takwa, B.Oro Village, Konang Subdistrict, has been in accordance with the Sharia Economic Law Perspective. First, in accordance with the Fatwa DSN MUI. NO: 02/2000 about savings. Second, in accordance with Book 2 of the Complication of Sharia Economic Law, CHAPTER VII Articles 187-194 concerning Syirkah Milk. Third, in accordance with Fatwa DSN MUI. NO: 10/2000 about Wakalah.

SHARIA COMPLIANCE IN THE USE OF COLLATERAL FOR RISK MITIGATION IN MURABAHAH FINANCING: A CASE STUDY OF COOPERATIVE SYIRKAH BERKAH BERSAMA SIDOARJO Wibowo, Endro
Jurnal Justisia Ekonomika: Magister Hukum Ekonomi Syariah Vol 9 No 2 (2025): Desember 2025
Publisher : Universitas Muhammadiyah Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30651/justeko.v9i2.26315

One of the biggest and most feared risks in murabahah financing is default risk. To mitigate the default risk, Islamic Financial Institutions usually require collateral as a condition for financing approval. Koperasi Syirkah Berkah Bersama (KSBB) Sidoarjo started the process of becoming an Islamic financial institution that can provide murabahah financing to its members while maintaining sharia compliance. One of KSBB's efforts to mitigate the risk of default and ensure sharia compliance in murabahah financing is through the use of collateral in murabahah financing. The purpose of this research is to understand the implementation of collateral in murabahah financing and the analysis of sharia compliance in that implementation as a form of mitigating the risk of default. This research method is a qualitative research methodology with a case study approach with descriptive qualitative data analysis. The research data processed in this research comes from informant interviews and various relevant documents related to guarantees in murabahah financing and then analyzed and compared with existing theories or fatwas. The results of this research show that the implementation of guarantees in murabahah financing has met sharia compliance, in accordance with the fatwa decrees of DSN MUI and AAOIFI.

COMPARATIVE ANALYSIS OF SELECTION OF SHARIA PUBLIC SAVINGS AND QURBAN SAVINGS PRODUCTS IN KOPSYAH MUI JATIM BRANCH SEKAPUK rohmah, mazidatur; Muhammad Ala’uddin; Dwi Afrianti
Jurnal Justisia Ekonomika: Magister Hukum Ekonomi Syariah Vol 9 No 2 (2025): Desember 2025
Publisher : Universitas Muhammadiyah Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30651/justeko.v9i2.26467

This study presents a comparative analysis of the selection of Sharia General Savings and Qurban Savings at KOPSYAH MUI East Java, Sekapuk Branch, with a case study on members of Bolo Village, Ujungpangkah. The objective is to identify the factors influencing members' preferences for both products. The research employed a qualitative comparative approach with descriptive-analytical methods, and data validity was ensured through triangulation techniques. The findings reveal that the factors influencing product selection include: (1) internal factors such as family, motivation, involvement, and age groups that shape social influence; (2) external factors such as product quality, profit-sharing system, location, and service, including a door-to-door service that facilitates transactions. This study presents a comparative analysis of the selection of Sharia General Savings and Qurban Savings at KOPSYAH MUI East Java, Sekapuk Branch, with a case study on members of Bolo Village, Ujungpangkah. The objective is to identify the factors influencing members' preferences for both products. The research employed a qualitative comparative approach with descriptive-analytical methods, and data validity was ensured through triangulation techniques. The findings reveal that the factors influencing product selection include: (1) internal factors such as family, motivation, involvement, and age groups that shape social influence; (2) external factors such as product quality, profit-sharing system, location, and service, including a door-to-door service that facilitates transactions.

THE INFLUENCE OF MACROECONOMIC INDICATORS ON THE PROFITABILITY OF CONVENTIONAL AND ISLAMIC BANKS: AN ISLAMIC ECONOMIC LAW PERSPECTIVE alfiyan, fri haendid; Cahya Lestari, Kurnia; Nasyah Agus Syaputra, Muhammad
Jurnal Justisia Ekonomika: Magister Hukum Ekonomi Syariah Vol 9 No 2 (2025): Desember 2025
Publisher : Universitas Muhammadiyah Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30651/justeko.v9i2.26618

This study aims to analyze the influence of macroeconomic indicators, namely inflation, exchange rate, and interest rate (BI Rate), on the profitability of conventional and Islamic banks in Indonesia, viewed through the lens of Islamic economic law. Using a quantitative approach with secondary data from financial reports and macroeconomic sources, the study applies t-tests, F-tests, and multiple linear regression analysis via SPSS 26. The findings reveal that only the BI Rate significantly affects the profitability (ROA) of conventional banks, while all macroeconomic variables show no significant impact on Islamic banks. From the perspective of Islamic economic law, this outcome affirms the inherent stability of Islamic banking principles, which emphasize fairness, risk-sharing, and the prohibition of riba. These principles help insulate Islamic banks from macroeconomic volatility. The results underscore the strategic importance of strengthening the Islamic banking system and integrating sharia-based monetary policies to support a more resilient and equitable financial system in the long term.

COMMON SIZE ANALYSIS OF THE FINANCIAL STRUCTURE OF BANK SYARIAH INDONESIA AND MALAYSIA YEAR 2022–2023 Leepum, Abad
Jurnal Justisia Ekonomika: Magister Hukum Ekonomi Syariah Vol 9 No 2 (2025): Desember 2025
Publisher : Universitas Muhammadiyah Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30651/justeko.v9i2.27034

The growth of the Sharia finance industry in Southeast Asia, particularly in Indonesia and Malaysia, demonstrates an intriguing dynamic in the management of asset and liability structures of Sharia banks. This study focuses on how the proportional differences in financial composition reflect managerial strategies, operational efficiency, and the maturity levels of the Sharia banking systems in both countries. The approach employed is quantitative-descriptive, utilizing common size analysis on the financial reports of Bank Syariah Indonesia (BSI) and Maybank Islamic Berhad for the period 2022–2023. Data was obtained from official annual reports and processed using Microsoft Excel. The results show that BSI allocates over 65% of its total assets to domestic financing, indicating a strong focus on real sector intermediation. In contrast, Maybank Islamic exhibits broader diversification, with Sharia financial instruments accounting for 15–18%. On the liability side, BSI relies on third-party funds up to 75%.

COMMON SIZE ANALYSIS OF THE FINANCIAL RESILIENCE OF SHARIA MICROFINANCE INSTITUTIONS (LKMS) IN FACING GLOBAL ECONOMIC VOLATILITY SINGKHALA, SURASIT
Jurnal Justisia Ekonomika: Magister Hukum Ekonomi Syariah Vol 9 No 2 (2025): Desember 2025
Publisher : Universitas Muhammadiyah Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30651/justeko.v9i2.27049

This study aims to analyze the level of financial resilience of Islamic Microfinance Institutions (LKMS) in facing increasingly uncertain global economic dynamics. Using a common size analysis approach, this study seeks to evaluate the ability of LKMS to maintain the efficiency and sustainability of its financial structures amidst external pressures such as inflation, exchange rate depreciation, and slowing economic growth. In the context of financial inclusion in Indonesia, LKMS plays a vital role as a provider of sharia-based alternative financial services and reaches the grassroots community. This study uses a qualitative method based on case studies with secondary data from officially published LKMS financial reports. The analysis results indicate that most LKMS exhibit adaptive patterns through strengthening liquid assets, diversifying revenue, operational cost efficiency, and increasing risk reserves. Thus, it can be concluded that LKMS has sufficient financial resilience to survive amidst global economic uncertainty. The implications of this study can serve as a reference for LKMS managers, regulators, and academics in strengthening sustainable Islamic microfinance governance.

ONLINE GAMBLING FROM THE PERSPECTIVE OF SHARIA ECONOMIC LAW AND ITS NEGATIVE PSYCHOLOGICAL IMPACT Prakoso, Firza Agung; Hakim, Edi Lukman; Ramdhani, Reviandy Azhar
Jurnal Justisia Ekonomika: Magister Hukum Ekonomi Syariah Vol 9 No 2 (2025): Desember 2025
Publisher : Universitas Muhammadiyah Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30651/justeko.v9i2.28407

Online gambling is increasingly prevalent among the Indonesian population, with a wide range of online gambling products available and popular across nearly all levels of society. Legally, gambling in Indonesia is considered an illegal activity, and individuals who engage in it may face criminal sanctions in accordance with the applicable laws and regulations. In practice, online gambling is typically conducted in private locations, given that gambling is regarded as an unlawful act and may result in criminal penalties. This study employs a qualitative approach using a literature review method. The types of online gambling commonly played can be categorised into nine groups: online poker, domino QQ, online football betting, capsa susun, virtual sports, online e-games betting, number games, online ceme dealers, and blackjack. From an Islamic perspective, gambling is clearly prohibited (haram), and the profits derived from gambling are considered usury (riba). Participation in gambling is often influenced by environmental factors, such as interactions with dealers or peers who also gamble, thereby encouraging involvement. Additionally, the motivation to gamble can stem from internal factors, such as an individual’s personal desire to attain wealth rapidly.

THE DIGITAL REVOLUTION OF ISLAMIC SOCIAL FINANCE: THE TRANSFORMATION OF ZAKAT, WAQF, AND FINTECH IN REALIZING SUSTAINABLE DEVELOPMENT GOALS IN INDONESIA alfian, ian; Agustina, Surya; Nasution, Yenni Samri Juliati; Marliyah, Marliyah
Jurnal Justisia Ekonomika: Magister Hukum Ekonomi Syariah Vol 9 No 2 (2025): Desember 2025
Publisher : Universitas Muhammadiyah Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30651/justeko.v9i2.28413

This study aims to analyze the transformation of Islamic Social Finance in the digital era and the strategic role of the National Committee for Islamic Economics and Finance (KNEKS) in strengthening the Islamic social finance ecosystem in Indonesia. The method used is a Systematic Literature Review (SLR) based on the PRISMA protocol, which includes the process of identification, selection, eligibility, and inclusion of scientific publications. A total of 25 selected articles published between 2019 and 2025 were analyzed using a thematic synthesis approach and quality assessment using the JBI Critical Assessment Tool. The research findings show that the digitization of Islamic Social Finance through fintech platforms, digital zakat wallets, digital waqf, and sharia crowdfunding has increased the efficiency of collection, transparency of distribution, and expanded access to services for the unbanked population. However, challenges remain in digital literacy, public trust, regulatory integration, and the readiness of the managing institutions' infrastructure. This study confirms that KNEKS plays a significant coordinating role in strengthening governance, standardizing policies, and integrating social finance systems with national development goals. The findings also show that Islamic Social Finance contributes to accelerating the achievement of the Sustainable Development Goals (SDGs), particularly poverty eradication, inclusive education, food security, and women's empowerment. The policy implications of this study include the need to improve digital and Sharia literacy, harmonize Sharia fintech regulations, and develop integrated digital platforms based on technologies such as blockchain and artificial intelligence to strengthen transparency and accountability.

ONLINE BUYING AND SELLING SYSTEM OF DROPSHIPPING AND RESELLING IN THE PERSPECTIVE OF STATUTORY REGULATIONS AND ISLAMIC ECONOMIC FATWAS Candrawati, Iin; Hafith , Muh. Abdulloh; Robbani , Shofa; Huda , Nurul
Jurnal Justisia Ekonomika: Magister Hukum Ekonomi Syariah Vol 9 No 2 (2025): Desember 2025
Publisher : Universitas Muhammadiyah Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30651/justeko.v9i2.28543

The rapid growth of digital commerce in Indonesia has encouraged the emergence of innovative business models such as dropshipping and reselling. This study aims to analyze the legal status of dropshipping and reselling systems under both Indonesian statutory regulations and Islamic economic fatwas. Using a qualitative normative legal research approach, the study applies statute, conceptual, and comparative analyses of the Consumer Protection Law, Electronic Transaction Law, and related DSN-MUI Fatwas. The findings show that Indonesian positive law recognizes dropshipping and reselling as lawful business activities when they adhere to transparency, accountability, and consumer protection principles. The study concludes that harmonization between national regulations and Islamic economic fatwas is essential to ensure that digital trade operates within a framework of both legal enforceability and moral ethics. An integrative approach combining statutory compliance and Sharia principles can strengthen justice, fairness, and transparency in Indonesia’s digital economy. This study contributes to the development of digital commerce law by offering an integrative model between statutory enforceability and Islamic ethical legitimacy.

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