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Al-Amwal: Jurnal Ekonomi dan Perbankan Syariah
Published by Universitas Islam Negeri Siber Syekh Nurjati Cirebon
ISSN : 23031573     EISSN : 25273876     DOI : 10.70095
Core Subject :
Al-Amwal: Jurnal Ekonomi dan Perbankan Syariah is a peer-reviewed journal published by the Department of Islamic Banking Syariah Faculty of Islamic Economics and Business (FEBI) of UIN Siber Syekh Nurjati Cirebon. The journal publishes papers in the accounting and finance field that contribute significantly to the development of the economic and sharia banking profession in Indonesia. Al-Amwal: Jurnal Ekonomi dan Perbankan Syariah is published twice a year; the first edition is published in June and the second edition is published in December. Al-Amwal: Jurnal Ekonomi dan Perbankan Syariah receives academic and academic research results from both internal and external.
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Articles 262 Documents
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Cultural Sustainability of Profit Sharing Among Minangkabau Migrant Entrepreneurs: A Study of the Mato System in Padang Restaurants Mulyani Rizki; Ris'an Rusli
Al-Amwal : Jurnal Ekonomi dan Perbankan Syari'ah Vol. 18 No. 1 (2026): Al-Amwal: Jurnal Ekonomi dan Perbankan Syariah
Publisher : UIN Siber Syekh Nurjati Cirebon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70095/alamwal.v18i1.24828

Abstract

Introduction: Culturally embedded economic systems face significant challenges amid modernization, urbanization, changing employment relations, and increasing demands for business efficiency. Nevertheless, some local economic practices have demonstrated remarkable resilience because they function not merely as economic mechanisms but also as integral components of their communities’ social and cultural identities. This study aims to analyze the cultural sustainability of the Mato System as a profit-sharing mechanism practiced in Padang restaurants owned by Minangkabau migrants in Palembang, Indonesia. Methods: The study employs a qualitative approach with an ethnographic design. Data were collected through observation, in-depth interviews with the owner and employees of Palapa Restaurant, and documentation of business practices. The data were analyzed using the Miles and Huberman interactive model with the support of NVivo 12, while the credibility of the findings was strengthened through source and methodological triangulation. Results: The findings reveal that the sustainability of the Mato System is shaped by three interrelated mechanisms. First, cultural continuity is maintained through the preservation and transmission of the values of justice, togetherness, trustworthiness, responsibility, and the Minangkabau philosophy of Adat Basandi Syarak, Syarak Basandi Kitabullah (custom is founded upon Islamic law, and Islamic law is founded upon the Qur’an). Second, social cohesion is fostered through trust, deliberation, solidarity, and relational accountability between the business owner and employees. Third, economic adaptability is reflected in the system’s capacity to make technical adjustments in response to changes in the business environment without compromising its core values. The findings further demonstrate that muraqabah reinforces these three mechanisms through the spiritual awareness that all business activities are conducted under the constant supervision of Allah. Conclusion and suggestion: This study proposes the concept of adaptive cultural sustainability, whereby the continuity of local economic practices is achieved not through the static preservation of tradition, but through the maintenance of core cultural values alongside the adaptation of operational practices to changing circumstances. The Mato System therefore demonstrates that local wisdom can function simultaneously as an economic resource, a mechanism of social governance, and a foundation for long-term business sustainability Future research could test the applicability of the adaptive cultural sustainability model in other Padang restaurants across different migrant destinations or compare it with culturally based profit-sharing systems in other Indonesian communities.
Transforming Baitul Maal wat Tamwil (BMT) in North Sumatra: A Governance-Based Model for Sustainable Islamic Financial Inclusionce Yusman; Zainur; Nila Asmita; Chairuddin Siregar; Mukhlis; Agussalim
Al-Amwal : Jurnal Ekonomi dan Perbankan Syari'ah Vol. 18 No. 1 (2026): Al-Amwal: Jurnal Ekonomi dan Perbankan Syariah
Publisher : UIN Siber Syekh Nurjati Cirebon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70095/alamwal.v18i1.24836

Abstract

Introduction: Baitul Maal wat Tamwil (BMT) plays an important role in strengthening Islamic microfinance and expanding financial access for micro, small, and community-based enterprises. However, BMT institutions in Indonesia face increasing challenges arising from digital financial transformation, intensified competition within the microfinance sector, limited institutional capacity, governance weaknesses, and changing expectations among customers and microentrepreneurs. These challenges require BMTs to move beyond conventional operational practices toward institutional transformation that integrates Islamic principles, professional governance, technological innovation, and sustainable financial practices. This study aims to analyze the institutional revitalization of Baitul Maal wat Tamwil (BMT) in North Sumatra and develop an institutional transformation model for strengthening sustainable Islamic microfinance. Methods:The study employs a qualitative approach with a case study design. Data were collected through in-depth interviews with BMT managers, employees, members, and relevant stakeholders, complemented by direct observation and institutional documentation. The data were analyzed using the Miles and Huberman interactive model, consisting of data reduction, data display, and conclusion drawing. Qualitative data analysis was supported by NVivo to identify recurring themes, relationships, and institutional patterns. The credibility of the findings was strengthened through source and methodological triangulation. Results: The findings reveal that BMT revitalization in North Sumatra is shaped by four interrelated institutional transformation mechanisms. First, institutional governance strengthening is achieved through improvements in organizational accountability, transparency, risk management, professional human resource development, and compliance with Islamic principles. Second, digital transformation enhances the accessibility, efficiency, and responsiveness of BMT services through digital payment systems, technology-based financing administration, customer databases, and digital communication. Third, sustainable Islamic microfinance innovation is reflected in the development of financing products that respond to the needs of microentrepreneurs while maintaining the principles of fairness, risk sharing, and avoidance of riba, gharar, and maysir. Fourth, community-based economic empowerment strengthens the social function of BMT by integrating financing with entrepreneurial assistance, financial literacy, business mentoring, and the mobilization of Islamic social funds. The findings further indicate that the effectiveness of these mechanisms depends on the integration of institutional professionalism with the social and religious values underlying the BMT model. Conclusion and suggestion: This study proposes an Institutional Transformation Model for Sustainable Islamic Microfinance, in which BMT revitalization is understood not merely as organizational restructuring but as a multidimensional transformation involving governance, digitalization, Islamic financial innovation, and community empowerment. The model demonstrates that sustainable BMT development requires a balance between financial sustainability, institutional professionalism, technological adaptability, and the social mission of Islamic microfinance. BMTs in North Sumatra can therefore strengthen their institutional resilience by combining modern management practices with Islamic ethical principles and community-oriented financial services. Future research could quantitatively test the proposed institutional transformation model across BMTs in different regions of Indonesia and examine the influence of digital transformation, governance quality, Islamic financial literacy, and social capital on BMT sustainability.

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