This study aims to discover the practice of fiqh al-muamalat (Islamic law of transaction following Islamic fiqh) as a sharia-compliant, primarily the halal accountability of Islamic microfinance institutions Baitul Maal wa Tamwil (BMT) UGT Sidogiri Indonesia. This research used a descriptive, explanatory design with a holistic single-case design focus and was conducted from 2019 to 2020. For the data collection process, in-depth interviews were conducted with the informants. The data were analyzed using an interactive model consisting of data reduction, data presentation, and conclusion drawing. The results exhibit that Islamic sharia, faith (iman), and good deeds (ihsan) act as the foundation of fiqh al-muamalat practices. The compliant toward sharia does not only represent the operational system, but it becomes a working culture through worship practices. Besides, this research also discovers that the fiqh almuamalat was practiced to fulfill the halal responsibility.
Introduction/Main Objectives: This research examined the synergy of transformational and servant leadership character, which was suitable for Islamic boarding schools' perspective as an Islamic typology. Background Problems: The study of transformational and servant leadership has only focused on the business sector from a western perspective, which tends to be productivity-oriented. Meanwhile, the spirit of the two leadership characters is on morals and human, which have never been reviewed in empirical studies, especially in the perspective of Islam and in the context of Islamic boarding schools. Novelty: The synergy of transformational and servant leadership formed a new model which was inclusive perspective leadership of Islamic boarding school. Research Methods: This research used single case study approach with an exploratory descriptive design. Data collection was done by in-depth interviews with several informants who were selected purposively and through snowball sampling. The data were analyzed by using interactive models. Finding/Results: The results showed that the conformity of transformational and servant leadership could be implemented in the leadership in Islamic boarding schools. The leader of the Islamic boarding school can be a transformational leader as well as a serving leader. Islamic boarding school as an organization has a mission of change in the context of transformational leadership with modes of serving in the context of servant leadership. The synergy of these characters could potentially be an inclusive leadership model. Conclusion: The two models of leadership must be used simultaneously in leadership in Islamic boarding schools. The resulting combination will manifest the message of the mercy of Islamic leadership.
The objective of this study was to examine the influence of financial technology (FinTech) on Islamic banking from the aspects of benefit, opportunity, cost and risk (BOCR). The research data were obtained through in-depth interviews and questionnaires from respondents which consisted of experts from academia, FinTech practicioners, Islamic banking practitioners and financial services authorities who were chosen by purposive sampling. The data analysis method of this research was Analytical Network Process (ANP) with the BOCR network structure approach. The results show that based on the priority aspects of the respondents' answers, rapid development of the FinTech industry provides positive opportunities for Islamic banking to implement strategic cooperation with the FinTech industry as a customer-oriented integral part.
The research objectives are to study the implementation of Islamic Corporate Social Responsibility (i-CSR) values in BMT UGT Sidogiri, an Islamic microfinance institution in Indonesia based on Islamic boarding school or pesantren. This research employed a post-positivist paradigm. Data observation was performed by conducting an in-depth interview with several informants. The data analysis utilized an interactive model technique. The research results showed that i-CSR was successfully implemented in the Islamic microfinance institution based on Islamic boarding school due to the mutual passion (convergence) with conventional CSR typologies. The convergence is in two ways, firstly managerial behavior that focuses on protecting company stakeholders, second, creating sustainable corporate values through effective and efficient business activities. The orientation is the creation of a social role based on justice and sustainable development. The convergence is mainly in the dimensions of economic, legal, ethical and philanthropic responsibilities. The Islamic values have enriched the implementation of i-CSR as the form of practicing the teachings of Islam and evidence of human servitude to God so that the behaviors become worthy of worship. The implementation of i-CSR focused on the Islamic teachings. Compliance to Islamic jurisprudence and apply it in business activities became a divergent element of conventional CSR concept.
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