Perisai : Islamic Banking and Finance Journal

Product Analysis of Micro, Small and Medium Enterprises of Bankziska Partner Lazismu Ngrayun Ponorogo

Adib Khusnul Rois — 2025-04-30

This study discusses the empowerment of the Community's economy carried out by BankZiska Lazismu Ngrayun with Micro, Small, and Medium Enterprises partners in Selur Village using the Qardhul Hasan program. The background of this study is that many small and medium enterprises in Selur Village are trapped in bank loans, making it difficult for them to develop their businesses. The income they earn is used to pay off the debts of loan sharks who ensnare them every day. Therefore, company management is only static and difficult to develop. The presence of BankZiska Lazismu helps small and medium enterprises escape the trap of usury and usury loans. Those who may be trapped and affected by usury can be helped by the Qardhul Hasan loan. The research method used is qualitative with a case study approach, data collected through interviews, observations, and documentation from the director of BankZiska Lazismu Ngrayun and Micro, Small, and Medium Enterprises partners of BankZiska. The results of the study show that BankZiska Lazismu Ngrayun is very helpful for Micro, Small, and Medium Enterprises to develop their businesses and provide financial assistance with the Qardhul Hasan system. Partners funded by BankZiska There are approximately 50 BankZiska partners in Ngrayun, the products produced by Micro, Small, and Medium Enterprises partners of BankZiska there include: instant tiwul, instant Gatot, instant turmeric, instant ginger, palm sugar, gadung chips, taro chips, tempeh chips, these products are typical food souvenirs from Ngrayun sub-district.

Systematic Literatur Review of Productive Waqf in Indonesia and Their Contribution to SDGs

Tsuroyya Putri Sa’adah — 2025-04-30

The developing waqf management models is still focused on traditional sectors such as agriculture, plantations, and using waqf assets in building and land. This research aims to summarize models of productive waqf management in Indonesia. the method employed in this study is the Systematic Literature Review (SLR). The research questions were formulated using the PICOC criteria, which included population, intervention, comparison, outcomes, and context. As a result, several studies were identified that describe successful models of productive waqf management, which can serve as literacy resources for each nadzir’s waqf institution throughout Indonesia.

Performance Measurement of Islamic Banking Based on Maqashid Shariah Using The Approaches of Islamic Social Reporting, Intellectual Capital, and Shariah Compliance

Muhamad Wahyudi — 2025-04-30

This study aims to analyse the performance of Islamic banks using a maqashid sharia-based approach that is audited with Islamic Social Reporting (ISR), Intellectual Capital, and Shariah Compliance to create a holistic performance measurement, in line with islamic values. This study uses the Systematic Literature Review (SLR) method to review various previous studies related to the implementation of Maqashid Sharia in Islamic Banking at the national and international levels. The results show that the use of maqashid sharia approach provides a more comprehensive evaluation than conventional methods such as CAMELS, which only focuses on financial indicators. Islamic Social Reporting plays an important role in reflecting the social responsibility of islamic banks, while effective Intellectual Capital management encourages innovation and increased competitiveness. Shariah Compliance is also a key pillar in ensuring all bank operations run in accordance with the principles of islamic law. However, several studies show that the implementation of these three elements has not been optimal in some institutions, which causes the impact on Maqashid Syariah performance to vary.

The Effect of Product Quality and Service Quality on Member Satisfaction on Multipurpose Blessing Loans at KSPPS BMT NU East Java Camplong Branch

Khoirun Nisa’ — 2025-04-30

This research aims to analyze the influence of product quality and service quality on member satisfaction for the Multiguna Berkah Loan product at KSPPS BMT NU East Java, Camplong Branch. The research employed a quantitative method through multiple linear regression analysis with a sample of 98 respondents drawn from the population of members using the loan product. The results indicate that both product quality and service quality have a positive and significant impact on member satisfaction. These findings demonstrate that improvements in product and service quality can increase member satisfaction, which in turn can strengthen their loyalty to the Multiguna Berkah Loan product at KSPPS BMT NU East Java, Camplong Branch. This research provides important implications for the management of KSPPS BMT NU East Java, Camplong Branch to continuously enhance product and service quality and collect feedback from members for sustainable improvement.

Legal Risk Analysis of Micro KUR Products Using Murabahah Bil Wakalah Contracts in Sharia KUR Financing

Fatika Khairun Nisa — 2025-05-02

KUR Sharia is one of the financing programs aimed at assisting micro, small, and medium enterprises in Indonesia. KUR Sharia is implemented by Islamic banks with the aim of increasing access to financing for micro, small, and medium enterprises that have not yet been reached by the conventional banking system. This financing product uses Sharia principles, which are expected to provide ease for entrepreneurs with lower interest rates and lighter requirements. This type of financing uses the murabahah bil wakalah contract, which is a sale and purchase system based on wakalah. In this sales system, the seller delegates the purchase to the customer, thus the first contract is the wakalah contract, and after the wakalah contract ends, it is followed by the Murabahah Bil Wakalah contract. This research uses a descriptive qualitative method that gathers information through interviews with employees of Bank Syariah Indonesia X. The results of this study indicate that legal risk arises due to the absence of supportive legislation or weaknesses in obligations, such as the failure to meet the valid contract requirements or the imperfect binding of collateral. This legal risk is closely related to financing risk. The impact on Islamic banks is the emergence of problematic financing, one of which is caused by weaknesses in collateral binding. As a result, Islamic banks face difficulties in executing collateral if financing risks occur. Thus, legal risk and financing risk must be identified, measured, monitored, and managed properly.