Title:
Sharia-compliant Partnership Financing for Microenterprise Development in Indonesia

Authors:
Ahim Abdurahim, Mukhlis Shotus Salamah, Indonesia

Abstract:

This study aims to explore the profit-sharing calculation method employed by Islamic microfinance institutions and assess its suitability in accordance with the DSN MUI fatwa. The subjects in this study were executive officials, administrative officers, account officers, and customers of syirkah-based financing. This type of research employs a qualitative, descriptive approach. The informant selection method employed a combination of purposive sampling and snowball sampling. Data were obtained through documentation, interviews, and observations. Data were analyzed qualitatively through four stages: relevance analysis, content analysis, correlation analysis, and triangulation. The results show that Islamic microfinance institutions can implement syirkah-based financing in accordance with sharia principles if customers can prepare business results reports on time and are reliable. Then, Islamic microfinance institutions cannot implement syirkah-based financing if customers cannot provide timely and reliable business results reports. However, in accordance with assessments and suggestions from Islamic economic experts, sharia microfinance institutions can still comply with sharia principles by transferring financing with syirkah contracts to financing with other contracts, such as financing with Murabahah contracts, ijarah contracts, and Muyarakah mutanaqisah contracts with productive rent (ijarah), so that business customers do not need to make business results reports.

The suggestions and meanings of the results of this study are: Islamic microfinance institutions, together with customers or in collaboration with other parties, strive to create simple and easy web-based accounting application software for customers to create business results reports as a basis for calculating profit sharing that Islamic microfinance institution account officers can access as a means of monitoring and mentoring customer businesses.

The findings in this study are that conditions of syirkah-based financing that are in accordance with and are not in accordance with sharia principles have been identified, how the real new practices of syirkah financing that are not in accordance with sharia principles and the solutions needed so that syirkah financing is increasingly in accordance with sharia principles, namely providing web-based accounting application software to help customers create business results reports and efforts to increase the commitment of practitioners to implement sharia principles consistently.

DOI: http://dx.doi.org/10.51505/ijaemr.2026.1106