Al-bank: Journal of Islamic Banking and Finance

Behavioral Intention Mahasiswa dalam Menggunakan QRIS Sebagai Alat Pembayaran Digital Dengan Pendekatan UTAUT 2

Fri, 31 Jul 2026 00:00:00 +0700

The research aims to determine the behavioral intention of students in using QRIS as a digital payment tool with the UTAUT 2 approach. The type of research used is field research with quantitative methods. The data collection technique used is a questionnaire by distributing questionnaires via google form to respondents. Sampling was 82 respondents who used QRIS from 119 students who became the population determined by purposive sampling technique. The results showed that partially, hedonic motivation and habit affect students' behavioral intention in using QRIS, while performance expectancy, effort expectancy, social influence, facilitating conditions, and price value have no effect on students' behavioral intention in using QRIS. Simultaneously, the variables of performance expectancy, effort expectancy, social influence, facilitating conditions, hedonic motivation, price value, and habit affect the behavioral intention of students in using QRIS as a digital payment tool with an influence level of 78.9%

Integration of AI and Adaptive Microfinance in Islamic Banking for Maqashid Sharia-Based Financial Inclusion: A Conceptual Framework

Misi Anggraini, Muchlis Bahar, Duhriah, Yulizain Putra — Fri, 31 Jul 2026 00:00:00 +0700

Background: Digital transformation and artificial intelligence (AI) are reshaping Islamic banking, creating opportunities to improve financial inclusion while adhering to Maqashid Sharia. Objective: This study develops a conceptual framework integrating AI and adaptive microfinance to promote Maqashid Sharia-based financial inclusion in Islamic banking. Methodology: A qualitative conceptual approach was employed through a comprehensive literature review and policy analysis of studies on AI, adaptive microfinance, Islamic banking, and financial inclusion. Findings: The proposed framework suggests that AI can improve financing assessment, operational efficiency, risk management, and access to financial services for underserved communities. Combined with adaptive microfinance, AI supports the achievement of Maqashid Sharia by enhancing social welfare, protecting wealth, promoting equitable economic opportunities, and reducing poverty. The analysis also identifies key challenges, including regulatory constraints, limited Sharia-compliant digital expertise, algorithmic bias, data privacy, and institutional coordination. Novel Contribution: This study proposes the AI-Based Adaptive Islamic Microfinance Framework, integrating AI, adaptive microfinance, and Maqashid Sharia into a unified conceptual model. Practical Implication: The framework offers strategic guidance for Islamic banks, regulators, and policymakers while providing a foundation for future empirical research

The Transformation of Fiqh and the Implementation of Musyarakah Mutanaqisah as an Instrument of Just Islamic Financing in Indonesia

Fitri Yenti, Syukri Iska, Hospi Burda, Kumaidi Kumaidi, Jasri Waldi — Fri, 31 Jul 2026 00:00:00 +0700

This study examines the fiqh transformation of Musyarakah Mutanaqisah as a Sharia-based financing model in Indonesia by assessing the alignment between fiqh theory, the DSN–MUI fatwa, and banking practices. Although Musyarakah Mutanaqisah is conceptually grounded in partnership, gradual ownership, and risk sharing, its implementation across Islamic banks demonstrates a persistent tendency to resemble conventional credit structures, particularly through fixed rental margins, limited transparency, and weak risk-sharing mechanisms. This research employs a library-based qualitative approach using a normative–maqasidi framework combined with critical–empirical analysis. The findings indicate that the reconstruction of Musyarakah Mutanaqisah must be oriented towards the substantive realisation of Maqasid al-Shariah, particularly justice, public interest, and the protection of wealth. Reformulation is required in contractual structures, accounting systems, Sharia supervision, and the integration of sustainability values. Accordingly, Musyarakah Mutanaqisah holds the potential to evolve into a more equitable, transparent, and welfare-oriented Sharia financing instrument.

Financial Technology and Sharia Economic Empowerment in Indonesia: A Qualitative Study from a Digital Economy Perspective

Erizal Candra Efendi, Roni Andespa, Almizan Almizan — Fri, 31 Jul 2026 00:00:00 +0700

This study examines the contribution of digital Sharia fintech to Islamic economic transformation and community economic empowerment in Indonesia. Although Islamic financial literacy and inclusion have improved, access to Sharia-compliant financial services remains lower than conventional finance. This study employed a descriptive qualitative approach using in-depth interviews with 15 purposively selected participants, including four Sharia fintech stakeholders, five MSME owners, three regulators, and three platform users in Jakarta, Bandung, and Yogyakarta. Interview data were complemented by official reports and relevant academic literature and analysed thematically through data reduction, data display, and conclusion drawing. The findings indicate that participants perceived Sharia P2P lending, profit-sharing crowdfunding, and e-waqf as accessible alternatives because they provide faster application procedures, transparent transactions, and financing mechanisms consistent with Sharia principles. MSME participants reported that fintech financing supported working capital and business expansion, while platform users emphasized transparency and Sharia compliance as key sources of trust. However, limited digital literacy, uneven internet infrastructure, insufficient product socialisation, and inadequate post-financing business mentoring remain barriers, particularly in rural areas. The study concludes that digital Sharia fintech can strengthen financial inclusion and community economic empowerment when supported by digital literacy, adaptive regulation, effective business mentoring, and collaboration among government, financial institutions, fintech providers, and local communities

Strengthening Sharia Compliance in Indonesian Sharia Cooperatives: A Governance-Based Perspective from Islamic Economic Law

Melhadi Melhadi — Fri, 31 Jul 2026 00:00:00 +0700

This study examines Sharia compliance in Indonesian Sharia cooperatives from the perspective of Sharia economic law, emphasizing the role of the Sharia Supervisory Board (DPS) in ensuring adherence to Islamic principles. While previous studies have focused on operational and financial aspects, limited attention has been given to Sharia economic law as a framework for evaluating compliance. This normative legal research employs statute and conceptual approaches through qualitative analysis of primary and secondary legal materials. The findings indicate that Indonesia has established a comprehensive regulatory framework for Sharia cooperatives. However, challenges persist, including inconsistent implementation of Sharia contracts (akad), limited effectiveness of the Sharia Supervisory Board, and inadequate understanding of Sharia economic law among cooperative managers. These weaknesses may undermine contract validity, institutional legitimacy, and member confidence. This study highlights the importance of strengthening Sharia governance by promoting substantive, rather than merely formal, compliance and provides practical recommendations for enhancing supervisory mechanisms and the sustainability of Sharia cooperatives in Indonesia

The Role Of Bank Syariah Indonesia In Enhancing Cash Waqf Literacy Among The Malay Community Of Bengkalis

Nur Azlina — Fri, 31 Jul 2026 00:00:00 +0700

This study investigates the strategic role of Bank Syariah Indonesia (BSI) KCP Bengkalis in enhancing cash waqf literacy within the culturally dense Malay community of Bengkalis Regency. Using a qualitative approach with a descriptive field research design, data were gathered through semi-structured interviews with key stakeholders comprising BSI management, the Ministry of Religious Affairs (Kemenag), BAZNAS, and the Indonesian Waqf Board (BWI) supplemented by questionnaires distributed to local waqf managers (nazhir), and analyzed using the Miles and Huberman interactive model. The findings reveal that BSI KCP Bengkalis exerts a tangible empirical impact through three interconnected dimensions: active financial education by implementing a culturally-adaptive financial literacy model that integrates digital socialization with traditional community gatherings; institutional networking with BWI and BAZNAS to transition public trust toward accountable, institutional nazhir management; and digital-based cash waqf services through the optimization of the e-waqf feature on mobile banking. These integrated strategies successfully mitigate deeply rooted local barriers, specifically the persistent cognitive bias of viewing waqf solely as immovable physical assets, and the community's jurisprudential skepticism regarding digital fiqh and cyber security. Analyzed through Financial Intermediation and Social Capital theories, this study concludes that digital financial inclusion in rural areas cannot rely on top-down infrastructure approaches alone, but must be symmetrically aligned with local socio-cultural capital to achieve digital accountability

Revitalizing the Islamic Economy through Local Wisdom: A Systematic Literature Review on Minangkabau Matrilineal Legacy and Modern Sharia Interventions

Alimin Alimin, Desmadi Saharudin, Abhanda Amra, Irwan Irwan, Rizal Fahlefi — Fri, 31 Jul 2026 00:00:00 +0700

Despite Minangkabau women's nominal customary authority over ancestral property (harta pusako), poverty among female-headed households remains persistently high, and formal Islamic banking access continues to skew male — a paradox that anchors the novelty of this study. Employing a Systematic Literature Review (SLR) guided by the PRISMA protocol, this article synthesizes 42 peer-reviewed articles published between 2016 and 2025 to examine how Minangkabau's matrilineal legacy and cultural traces can revitalize the Islamic economy through local wisdom and modern sharia interventions. Thematic synthesis classifies the literature into three frameworks: Cultural-Institutional (n=19), Socio-Economic Empowerment (n=14), and Digital-Sustainability Integration (n=9). Digital transformation and environmental sustainability emerge as strikingly under-explored themes within matrilineal Islamic economic research, representing a critical novelty gap. Theoretically, the study extends the Resource-Based View and proposes a feminist reading of Maqasid al-Shariah. Practically, it recommends aligning zakat and waqf with matrilineal inheritance practices, developing culturally embedded fintech, and piloting green sukuk. Future research should pursue comparative studies across matrilineal societies, longitudinal mixed-methods designs, blockchain-based waqf prototyping, and policy experiments linking Islamic finance to sustainability goals