Sharia Banking Syndicated Financing in The Context of Funding Strategic Projects after Islamic Financial Qanun Institution in Aceh
Abstract
This study examines and analyzes Islamic banking syndicated financing in the context of funding strategic projects in Aceh Province after the enactment of Qanun Number 11 of 2018. The research methodology used is normative legal study, which includes analysis of norms, principles of Islamic banking, and opinions of Islamic economic law experts. The approaches employed are the legislative approach. The object of this research is focused on the role of Islamic banks and the mechanisms carried out by Islamic banking in syndicated financing after the establishment of Qanun Number 11 of 2018 concerning Islamic Financial Institutions. The results of this study indicate that in the context of funding strategic projects, the infrastructure development of Aceh Province. That Islamic banking syndicated financing has an important role on the basis of financing needs on a large scale. It is hoped that the syndicated financing will be the right solution by referring to several provisions that contain sharia principles in the sharia banking syndicated financing process. The enactment of Qanun Number 11 of 2018 concerning Islamic Financial Institutions, became the legal basis for the implementation of syndicated financing. In addition, it also refers to the fatwa issued by DSN-MUI Number 91/DSN-MUI/IV/2014 concerning Syndicated Financing (Al-Tamwil Al-Mashrifi Al-Mujamma'), and based on OJK Circular Letter No. 36/SEOJK.03/ 2015 concerning Products and Activities of Islamic Commercial Banks and Sharia Business Units. So the implementation of syndicated financing at Islamic banks in Indonesia is in principle in line with the existing provisions in Sharia, but still must continue to be supervised by the Sharia Supervisory Board/DPS in this case the context is the Aceh Sharia Council/DSA so that there are no violations in its implementation.
Keywords
References
Journals and Books
Ariswanto, Dery, et.al., “Pembiayaan Sindikasi Bank Syariah Di Indonesia Dalam Perspektif Hukum Ekonomi Syariah.” J-Alif : Jurnal Penelitian Hukum Ekonomi Syariah Dan Budaya Islam 6, no. 2 (2021). https://doi.org/10.35329/jalif.v6i2.1893.
Ascarya, Akad Dan Produk Perbankan Syariah. Jakarta: Rajawali Press, 2012.
Atsani, Ulya. “Purification of Sharia Banking Law in the National Banking System.” JURIS (Jurnal Ilmiah Syari'ah) 21, no. 1 (2022). https://doi.org/10.31958/juris.v21i1.5725.
Bahsan, M. Penilaian Jaminan Kredit Perbankan Indonesia. Jakarta: Rejeki Agung, 2002.
Busni, Darti, et.al., “Implementation of The Hybrid Contract Concept in Multiservice Ijarah Financing as A Financing Alternative Health Service in The Covid-19 Pandemic,” JURIS (Jurnal Ilmiah Syari’ah) 22, No. 1 (2022). DOI: http://dx.doi.org/10.31958/juris.v21i1.5173.
Elvia, Evi Eka, et.al., “BASYARNAS as a Place for Dispute Resolution of Musyarakah Financing in Sharia Banking in the Disruption Era,” El-Mashlahah 13, No. 1 (2023). DOI: https://doi.org/10.23971/el-mashlahah.v13i1.5345.
Fahmi, Chairul, “The Impact of Regulation on Islamic Financial Institutions Toward the Monopolistic Practices in the Banking Industrial in Aceh, Indonesia,” Jurnal Ilmiah Peuradeun 11, No. 2 (2023). DOI: https://doi.org/10.26811/peuradeun.v11i2.923.
Furqani, Hafas, Metodologi Ekonomi Islam: Membangun Pradigma dan Format Keilmuan, (Banda Aceh: Naskah Aceh, 2018).
Hariyanto, Erie. “The Settlement of Sharia Banking Dispute Based on Legal Culture as a Practice of Indonesian Islamic Moderation.” AL-IHKAM: Jurnal Hukum & Pranata Sosial 14, no. 2 (2019). https://doi.org/10.19105/al-lhkam.v14i2.1888.
Hasanudin. Multi-Akad Dalam Transaksi Syariah Kontemporer Pada Lembaga Keuangan Syariah Di Indonesia. Ciputat: UIN Syarif Hidayatullah, n.d.
Hidayah, Nur, and Abdul Azis. “Implementation Of Progressive Law In Sharia Banking Dispute Settlement: Case Study of Religious Court Decisions in Indonesia.” Ulumuna 27, no. 1 (2023). https://doi.org/10.20414/ujis.v27i1.652.
Hidayah, Nur, et.al., “Sharia Banking Disputes Settlement: Analysis of Religious Court Decisions in Indonesia.” Al-Risalah: Forum Kajian Hukum Dan Sosial Kemasyarakatan 23, no. 1 (2023). https://doi.org/10.30631/alrisalah.v23i1.1347.
Hidayatika. “Peranan Infrastruktur Bagi Pertumbuhan Ekonomi Daerah Di Pulau Jawa.” UI Depok, 2007.
Hurn, Stanley. Syndicated Loan, (A. Handbook For Banker and Borrower). Woodhead_Faulkner, 1990.
Idris, Miftah. “Perjanjian Kredit Perbankan Konvensional Dan Perbankan Syariah.” Jurnal Komunikasi Hukum 1, No. (2015).
Insani, Nur, et. al., “Empowering Muslim Women: Bridging Islamic Law and Human Rights with Islamic Economics,” De Jure: Jurnal Hukum dan Syariah 16, No. 1 (2024). DOI: https://doi.org/10.18860/j-fsh.v16i1.26159.
Isfandar, Ali Amin, “Analisis Fiqh Muamalah Tentang Hybrid Contract Model Dan Penerapannya Dalam Lembaga Keuangan Syariah.” Jurnal Penelitian 10, (2013).
Jamaluddin. “Syndicated Financing Entity (Al Tamwil Al Mashrifi Al Mujamma’) Sharia Banking Based on DSN-MUI Fatwa Number 91/2014” 4, no. 91 (2014). https://doi.org/https://doi.org/10.33367/at.v4i1.1463.
Kusumaningtyas, Reza Octavia, et.al., “Reduction of Digitalization Policy in Indonesian MSMES and Implications for Sharia Economic Development,” JURIS; Jurnal Ilmiah Syariah 21, No. 2 (2022). DOI: http://dx.doi.org/10.31958/juris.v21i2.6855
Lailatusholihah, Tia Martha. “Analisis Pengaruh Pembiayaan Sindikasi Terhadap Rasio Profitabilitas (ROE) Dan Rasio Non Performing Financing (NPF) Pada Bank Syariah Mandiri.” Universitas Islam Negeri Syarif Hidayatullah Jakarta, 2017.
Mardiana Yose, Rully Trihantana. “Participation And Financing Mechanism Islamic Bank on Syndication Studies In Syariah Mandiri Bank.” Jurnal Nisbah 3 (2017).
Muala, Asyharul, “Repositioning of Islamic Economics in the Era of Globalization from the Maqāṣid Syarī’ah Perspective,” Journal of Islamic Law 1, No. 1 (2020). DOI: https://doi.org/10.24260/jil.v1i1.17.
Nugroho, Lucky, et.al., “The Contribution of Islamic Bank in Poverty Alleviation,” Ahkam 30, No. 1 (2020). DOI: 10.21580/ahkam.2020.30.1.5387.
Nur Hidayah et al., “Sharia Banking Disputes Settlement: Analysis of Religious Court Decisions in Indonesia,” Al-Risalah: Forum Kajian Hukum Dan Sosial Kemasyarakatan 23, no. 1 (2023), https://doi.org/10.30631/alrisalah.v23i1.1347.
Nur Hidayah and Abdul Azis, “Implementation Of Progressive Law In Sharia Banking Dispute Settlement: Case Study of Religious Court Decisions in Indonesia,” Ulumuna 27, no. 1 (2023). https://doi.org/10.20414/ujis.v27i1.652.
Putra, Haris Maiza, et.al., “Reconstruction of the Practice of Siyasa Syar'iyyah During the Islamic Empire's Relevance to the Practice of Sharia Financing CWLS Retail in Indonesia,” Istinbath: Jurnal Hukum Islam 8, No. 2 (2023).
Rahmayati. “Pembiayaan Sindikasi Sebagai Peningkatan Portofolio Pembiayaan Perbankan Syariah.” Jurnal Ilmu Ekonomi Dan Keislaman 7, no. 1 (2019).
Renie, Elsy, “The Urgency of Fatwa in The Law of Sharia Economics In Indonesia,” JURIS (Jurnal Ilmiah Syari'ah) 20, No. 2 (2021). DOI: http://dx.doi.org/10.31958/juris.v20i2.4059.
Samudra, Gilang, et.al., “Analisis Pembiayaan Sindikasi Bank Syariah Perspektif Hukum Ekonomi Syariah.” Jurnal Ilmu Akuntansi Dan Bisnis Syariah IV, (n.d.).
Sanola, Maria. “Implementasi Qanun Aceh Nomor 11 Tahun 2018 Tentang Lembaga Keuangan Syariah Di Kabupaten Aceh Tengah (Studi Kasus Bank Kovensional BNI, Mandiri Dan BRI)” 12, no. 1 (2022).
Seff, Syaugi and Muhammad Syarif Hidayatullah, “Urgency of the Application of Sharia Guarantee in Islamic Banking in Indonesia,” Syariah: Jurnal Hukum dan Pemikiran 20, No. 2 (2020). DOI: https://doi.org/10.18592/sjhp.v20i2.6838.
Siregar,. Fitri Ana and Khairil Razali, “UMKM Participation in Halal Industry: The Legal Framework and Opportunities,” Jurnal Ilmiah Islam Futura 22, No. 1 (2022). DOI: http://dx.doi.org/10.22373/jiif.v22i1.10393.
Sudantra A.A. Mirah, I Ketut Endraswari. “Kredit Sindikasi Sebagai Alternatif Pembiayaan Kredit Dalam Skala Besar.” Kertha Wicara : Journal Ilmu Hukum 2, No.1 (2013).
Sukma, Fajar and Zulheldi Zulheldi, “Government Policies in Economic Empowerment of Muslim Communities in the Digital Economy Era,” El-Mashlahah 11, No. 2 (2021). DOI: https://doi.org/10.23971/elma.v11i2.3108.
Sumriyah. “Analisis Risiko Dalam Kredit Sindikasi Pada Bank Konvensional.” Jurnal YUSTITIA 19, No (n.d.).
Sutedi, Adrian. Tinjauan Yuridis Letter Of Credit Dan Kredit Sindikasi. Bandung: Alfabeta, 2012.
Syamsuri, S, Nirhamna Hanif Fadillah, Amir Reza Kusuma, and Jamal. “Analisis Qanun (Lembaga Keuangan Syariah) Dalam Penerapan Ekonomi Islam Melalui Perbankan Syariah Di Aceh.” JIEi: Jurnal Ilmiah Ekonomi Islam 7, no. 3 (2021).
Taufiq, Amrullah. “Analisis Pengaruh Pembangunan Infrastruktur Terhadap Pertumbuhan Ekonomi Regional Di Indonesia.” Universitas Indonesia, 2006.
Usanti, Trisadini Prasastinah. “Penanganan Risiko Hukum Pembiayaan Di Bank Syariah.” Yuridika 29, (n.d.).
Yusup, Deni Kamaludin, “Multi Contract as A Legal Justification of Islamic Economic Law for Gold Mortgage Agreement in Islamic Bank,” Jurnal Ilmiah Peuradeun 7, No. 1 (2019). DOI: https://doi.org/10.26811/peuradeun.v7i1.318.
Laws and Rules
Aceh, Gubernur. “Qanun Aceh Nomor 9 Tahun 2012,” 2012.
Dewan Syariah Nasional MUI. Fatwa DSN MUI NO: 911DSN-MUIIIV/2014 tentang Pembiayaan Sindikasi (Al-Tamwil Al-Mashrifi Al-Mujamma’), Himpunan Fatwa DSN MUI (2014).
Financial Services Authority of the Republic of Indonesia, Regulation of the Financial Services Authority of the Republic of Indonesia Number 13/POJK.03/2021 concerning the Operation of Commercial Bank Products.
Peraturan Gubernur Aceh. Peraturan Gubernur Aceh Nomor 29 Tahun 2001 Tentang Rencana Kerja Pemerintah Aceh Tahun 2022 (2022).
Qanun Aceh Nomor 1 Tahun 2019 tentang Rencana Pembangunan Jangka Menengah (RPJM) Aceh tahun 2017-2022.
Undang-Undang No 32 Tahun 2004 Tentang Pemerintah Daerah.” Dpr, 2004, 249.
Undang-Undang Republik Indonesia Nomor 21 Tahun 2008 Tentang Perbankan Syariah, 1998 (2008).
UU No. 25 Tahun 2004 tentang Sistem Perencanaan Pembangunan Nasional, Peraturan.Bpk.Go.Id (2004).
Internet Data
Aceh Journal National Network. “Belasan Proyek APBA Terancam Tak Selesai Tepat Waktu, Kadis PUPR Aceh Didesak Bersikap,” n.d.
Aceh Journal National Network. “Belasan Proyek APBA Terancam Tak Selesai Tepat Waktu, Kadis PUPR Aceh Didesak Bersikap.” Accessed December 4, 2022. https://www.ajnn.net/news/belasan-proyek-apba-terancam-tak-selesai-tepat-waktu-kadis-pupr-aceh-didesak-bersikap/index.html.
Dialeksis.com. “Proyek Strategis Nasional Terlantar Selama 2 Tahun Di Aceh » DIALEKSIS :: Dialetika Dan Analisis.” Accessed December 4, 2022. https://dialeksis.com/aceh/proyek-strategis-nasional-terlantar-selama-2-tahun-di-aceh/.
Gie, Kwik Kian. “Pembiayaan Pembangunan Infrastruktur Dan Pemukiman. Materi Kuliah Yang Disampaikan Pada Studium General Intitut Teknologi Bandung.” 2002.
Ridwan, Rahmad. “Implementasi Qanun Ekonomi Syariah, "Sudah Siapkah Aceh?”.” Accessed December 4, 2022. http://s2es.uin.ar-raniry.ac.id/index.php/id/posts/implementasi-qanun-ekonomi-syariah-sudah-siapkah-aceh.
SDA, Ditjend. “Dukung Pertumbuhan Ekonomi Aceh, Kementerian PUPR Siapkan Sejumlah Infrastruktur.” Accessed December 1, 2022.
DOI: http://dx.doi.org/10.22373/sjhk.v8i3.15891
Refbacks
- There are currently no refbacks.
Copyright (c) 2024 Luqman Nurhisam, Nahara Eriyanti, Mundakir
![Creative Commons License](http://i.creativecommons.org/l/by-sa/4.0/88x31.png)
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Samarah: Jurnal Hukum Keluarga dan Hukum Islam has been indexed by: