Local Wisdom and Justice Principles in Musyarakah Mutanaqisah Financing Law at Sharia Bankaltimtara

Akhmad Sobyan Herman; Aullia Vivi Yulianingrum; Elviandri; Surahman

doi:10.37680/almanhaj.v7i2.8007

Authors

Akhmad Sobyan Herman Fakultas Hukum Universitas Muhammadiyah Kalimantan Timur, Indonesia
Aullia Vivi Yulianingrum Fakultas Hukum Universitas Muhammadiyah Kalimantan Timur, Indonesia
Elviandri Fakultas Hukum Universitas Muhammadiyah Kalimantan Timur, Indonesia
Surahman Fakultas Hukum Universitas Muhammadiyah Kalimantan Timur, Indonesia

DOI:

https://doi.org/10.37680/almanhaj.v7i2.8007

Keywords:

Local Wisdom; Justice; Musyarakah Mutanaqisah

Abstract

This study aims to analyze the integration of local wisdom and the principle of substantive justice in the financing practice of Musyarakah Mutanaqisah (MMQ) in Bankaltimtara Syariah, East Kalimantan. The central problem is the empirical-normative gap between formal sharia compliance (Sharia Compliance) and the effectiveness of integrating local wisdom (deliberation, cooperation) as an instrument of social law. Using a socio-legal approach (sociological jurisprudence with a descriptive qualitative method), this study is supported by the triangulation of data from in-depth interviews, observations, and document studies. The theoretical significance confirms that Islamic banking practices operate within a legal pluralist framework, demonstrating that the integration of local wisdom serves as a social mechanism of compliance, thereby strengthening the legitimacy of Islamic law. Results show that the integration of local values has been proven to strengthen customer compliance and realize distributive justice through proportional risk sharing and contract transparency. Substantive justice is achieved through dialogue-based dispute resolution and flexible payment options. Effective MMQ governance requires an adaptive and contextual model that prioritizes the principles of raḥmah and adl, ensuring the well-being of customers (hifz al-nafs and hifz al-māl) and the sustainability of partnerships, going beyond formal compliance.

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