Financing Restructuring During the Covid-19 Pandemic: The Tadhbiq Ahkam Paradigm
DOI:
https://doi.org/10.29240/alfalah.v7i1.4303Keywords:
Problematic Financing, Covid-19 Pandemic, Hafidz Al-Maal, Hifdz Al-NafsAbstract
Purpose: The Paper is to study the Restukturization Of Financing During The Covid-19 Pandemic: Maqashid Paradigm As-Syar'iyah
Design/Method/Approach : This research uses qualitative methods with a library study approach. in analyzing the position of financing restucturization during the pandemic from the point of view of maqasid al-syar'iyah
Findings: The discussion is considered important because by digging from the point of view of muamalah figh in terms of Magashid Syari’ah so that the discussion specifically becomes the first two discussions, from the restructuring process of financing during the pandemic, restructuring which was developed with the istimbat ahkam with the aim of magashid syari’ah as part of Hifdul Maal [Maintaining Property] which is motivated by the social condition of public health, namely during the pandemic period empirically with analysis and argumentation, the second is the harmonization of syari’ah policies with the situation. Research subject related to causes and reasons for implementing decisions on financing restricting with Magashid Syari’ah., a paradigm developed through financing risk mitigation and the Magashid As-Syari’ah paradigm in legal protection based on the existence of benefits that are dharuriyyat [primary needs]. Hajiyat [secondary needs], and Tahsinivat [tertiary needs], with regard to protection of proferty [hifdz a-Maal] and hifdz al –nafs [guarding the soul] with legal arguments built starting from the view that the return on financing is carried out from bank financial institutioins Sharia is an obligation that must be fulfilled, in the process of fulfilling the obligatons given by financial institutions based on general and special considerations, especialty for conditions beyons the will and ability of humans, the ability to return financing is hindered due the covid-19 pandemic, there is a restructuring formulation. A is, namely postponemet of loan principal, postponement of principal and margin, delay of remaining principal extension of repayment period, and reduction in margins on people’s business financing (PUR)
 Originality/Values: The main contribution of this research is a concern in filling the gap in how the concept of Islamic economics in the restucturization of financing to business actorsDownloads
References
( POJK) No 11/POJK.03/2020. “Peraturan Otoritas Jasa Keuangan ( POJK) No 11/POJK.03/2020, Tentang Restukturisasi Keuangan Saat Pandemi.†www.ojk.go.id, 2020.
(PBI) Peraturan Bank Indonesia No 10/18/PBI/. “Peraturan Bank Indonesia No 10/18/PBI/ 2008 Tentang Restukturisasi Pembiayaan.†www. bi.go.id., 2008.
/DSN-MUI/IV/2000. “Fatwa No 4/DSN-MUI/IV/2000.†dsn.go.id, 2020. © 2020 Dewan Syariah Nasional - Majelis Ulama Indonesia.
/DSN-MUI/II/2005, Fatwa. “Fatwa No 47/DSN -MUI/II/2005 Tentang Penyelesaian Pembiayaan Murabahah Bagi Nasabah Yang Tidak Mampu.†dsnmui.or.id, 2005.
/DSN-MUI/II/2005. “Fatwa No 48/DSN-MUI/II/2005 Tentang Penjadwalan Kembali Tagihan Murabahah.†dsnmui.or.id, 2005.
A. Soenarjo, Dkk. Al-Qur’an Dan Terjemahnya. Jakarta: Depertemen Agama RI, 2005.
Abdullah, Mohammad. “Analysing the Moral Aspect of Qard: A Shariah Perspective.†International Journal of Islamic and Middle Eastern Finance and Management, 2015.
Abu Zahra, Muhamad. Ushul Fikih (Terjemah). Cet 3. Jakarta: PT.Pustaka Pirdaus, 1994.
Adawiyah, Endah Robiatul. “Kolaborasi Lembaga Keuangan, Pemerintah Dan Perusahaan Dalam Meningkatkan Peran Koperasi Karyawan Industri Sebagai Alternatif Solusi Dalam Pembangunan Sektor Ekonomi Indonesia.†PROFIT: Jurnal Kajian Ekonomi Dan Perbankan Syariah 4, no. 1 (2020).
———. “Konsep Dasar Pembiayaan Dalam Bisnis.†In Manajemen Bisnis Kontemporer: Prinsip Dasar Dan Aplikasi, edited by GCaido, 1st ed., 59–68. Yogyakarta: Diandra Kreatif/Mirra Buana Media, 2020. file:///C:/Users/asus/Desktop/Documents/izasah ku/buku-buku/eChapter_Endah Robiatul Adawiyah.pdf.
Agus Saur Utomo, Novita Kusuma Maharani, Danes Quirira Octavio. “Financial Determinants Of Qardhul Hasan Financing Growth: Evidence From Islamic Banks In Indonesia†3, no. 1 (2015): 38–45. https://doi.org/https://doi.org/10.14421/grieb.2015.031-03.
Anggraini, Rina. “Kebijakan Moneter Sebagai Upaya Penyelamatan Perekonomian Ditengah Pandemi Corona Virus Disease-19†1, no. November (2020): 80–97.
Antonio, Muhammad Syaafi’i. Bank Syari’ah: Dari Teori Ke Praktik. Jakarta: Gema Insani, 2001.
Asy-Syatibi. Al-Muafaqad Fi Ushul Al-Syari‟ah,. Jilid 2. Kairo: Mustafa Muhammad, n.d.
Avisena, M. Ilham Ramadhan. “Pertumbuhan-Ekonomi-Saat-Ini-Terendah-Sejak-Krisis-Moneter.†M. Ilham Ramadhan Avisena Mediaindonesia.Com. 2020.
Benamraoui, A. “The World Economy and Islamic Economics in the Time of COVID-19.†Journal of King Abdulaziz University: Islamic Economics 34, no. 1 (2021): 67–78.
BI. “Peraturan Bank Indonesia ( PBI), No 13/23/PBI/2011.†www. bi.go.id., 2011. www.bi.go.id.
Dakwahstudio. “Hadis Ke 32 Larangan Membahayakan Diri Dan Orang Lain.†https://haditsarbain.com/hadits/larangan-membahayakan-diri-dan-orang-lain/, 1421.
Dewantara, Aditama, and Anton Bawono. “Influence Analisys Of Mudharabah, Musharakah, And Murabahah Financing To Profitability Of Sharia Commercial Bank In Indonesia 2016-2019 With Non Performing Financing As Intervening Variable.†Islamiconomic: Jurnal Ekonomi Islam 11, no. 2 (2020).
Djazuli.I, Nurol Aen. Ushul Fiqh; Metodologi Hukum Islam. Pertama. Jakarta: PT. Raja Grafindo Persada, 2000.
Djazuli, H A. Ilmu Fiqh: Penggalian, Perkembangan, Dan Penerapan Hukum Islam. Edisi Revisi. Prenada Media, 2021.
———. Kaidah-Kaidah Fikih. Jakarta: Prenada Media Grup, 2019.
DSN-MUI. “Fatwa No 46/DSN-MUI/II/2005 Tentang Potongan Tagihan Murabahah.†dsnmui.or.id. jakarta: DSN-MUI, 2005. https://dsnmui.or.id.
Dubey, Pushakar, and Kailash Kumar Sahu. “MSMEs in COVID-19 Crisis and India ’ s Economic Relief Package : A Critical Review,†no. August (2020): 1–5.
Fernandes, Nuno. “Economic Effects of Coronavirus Outbreak ( COVID-19 ) on the World Economy.†Full Professor of Finance IESE Business School Spain, 2020, 0–29.
Hanafi, Syafiq M. “Financial Risk Management In Syariah Contracts : A Review of Current Literature†XXXVII, no. 1 (2013): 46–60.
Hukum-hukum, Kitab. “Hadis Ibnu Majah No 2421,†n.d. https://www.hadits.id/hadits/majah/2421.
Indonesia, OJK. “Statistik Perbankan Syari’ah,†1–103. Departemen perijinjan dan informasi Perbankan, 2020.
Jan, Amin, Mário Nuno Mata, Pia A Albinsson, José Moleiro Martins, Rusni Bt Hassan, and Pedro Neves Mata. “Alignment of Islamic Banking Sustainability Indicators with Sustainable Development Goals: Policy Recommendations for Addressing the COVID-19 Pandemic.†Sustainability 13, no. 5 (2021): 2607.
Janwari, Yadi. Pemikiran Ekonomi Islam: Dari Masa Rasulullah Hingga Masa Kontemporer. Bandung: PT Remaja Rosda Karya. 1st ed. Bandung: PT. Remaja Rosdakarya, 2016.
Junjunan, Mochammad Ilyas, Ajeng Tita Nawangsari, Arta Agustin Melania, and Agus Purnomo Ahmad Putikadyanto. “A Comparative Study on Financial Performance between Islamic and Conventional Banking in Indonesia During the COVID-19 Pandemic.†Muqtasid: Jurnal Ekonomi Dan Perbankan Syariah 12, no. 2 (2021): 75–88.
Kahf, Monzer. “Maqasid Al Shari ’ Ah in the Prohibition of Riba and Their Implications for Modern Islamic Finance.†IIUM International Conference on Maqasid Al Shari’ah, 2006, 184–203.
Kholiq, Abdul, and Rizqi Rahmawati. “Dampak Implementasi Restrukturisasi Pembiayaan Terhadap Likuiditas Bank Syariah Pada Situasi Pandemi Covid-19.†El-Barka: Journal of Islamic Economics and Business 3, no. 2 (2020): 282–316.
Matenga, Gerard McCann and Chrispin. “COVID-19 in the Global South.†In COVID-19 and Global Inequality, 15. Bristol University Press, 2020.
Miftahudin, Husen. “72,6% Pelaku UMKM Terdampak Pandemi.†jakarta, n.d.
Moleong, D. M. A. Lexy J. Metodologi Penelitian Kualitatif. 38th ed. Bandung: PT. Rosda Karya, 2018.
Monitor, I L O. . “. Current Situation: Why Are Labour Markets Important?,†no. March (2020): 1–15. https://gisanddata.maps.arcgis.com/apps/opsdashboard/index.html#/bda7594740fd40299423467b48e9ecf6.CEPR.https://voxeu.org/content/economics-time-covid-193SeeforexampleUNCTAD,https://unctad.org/en/pages/PressRelease.aspx?OriginalVersionID=548.
Mubarok, Jaih, and Hasanudin. “Pengurusan Dana Haji Dan Status Dana Calon Haji Daftar Tunggu.†Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah (Journal of Islamic Economics) 5, no. 1 (2013).
Muhammad. Tehnik Perhitungan Bagi Hasil Di Bank Syariah. Jogyakarta: UII Press, 2000.
Munawwaroh, Mujammma’almaalik fadh li thiba al-mushaf asy-syarif medinah. “Al-Qur’an Dan Terjemah.†Al-Qur’an Dan Terjemahnya. Jakarta: Yayasan penyelenggara penterjemah Al-qur’an, 1990.
Nawawi, Al-imam Yahya bin Syarifuddin. Matan ’arbain Nawawiyah:Fi Al-Hadist Shahih Nabawiyah. Indonesya: Syarikat maktabah Madaniyyah, 272AD.
Ni Wayan Suarmini, Siti Zahrok, Dyah Satya Yoga Agustin. “Peluang Dan Tantangan Peran Perempuan.†Prosiding SEMATEKSOS 3 “Strategi Pembangunan Nasional Menghadapi Revolusi Industri 4.0,†2018, 48–53.
Ningsih, Mardhiyatur Rosita, and Muhammad Syarqim Mahfudz. “Dampak Pandemi Covid-19 Terhadap Manajemen Industri Perbankan Syariah: Analisis Komparatif.†Point 2, no. 1 (2020): 1–10. https://doi.org/10.46918/point.v2i1.576.
Putra, Rosyid Nur Anggara. “Karakteristik Pembiayaan Dan Non Performing Finance Perbankan Syariah 2015–2018.†MALIA: Journal of Islamic Banking and Finance 3, no. 1 (2019): 1–16.
Qoyum, Abdul. “Maqasid Ash-Shariʻah Framework and the Development of Islamic Finance Products: The Case of Indonesia.†Tazkia Islamic Finance and Business Review 12, no. 2 (2018).
Redaksi oneline.com, Hukum. “Undang-Undang Dasar 1945.†hukum Oneline.com, 2021. https://www.hukumonline.com/pusatdata/detail/lt4ca2eb6dd2834/undang-undang-dasar-1945?r=3&p=1&q=uud 1945&rs=1847&re=2021.
Ropei, Ahmad. “Formulasi Hukum Perlindungan Hak Kekayaan Intelektual Dalam Kerangka Maqoshid As-Syari’ah.†Jurnal Hukum Ekonomi Syariah 4, no. 02 (2020): 165–79.
RYANDONO, Muhamad Nafik Hadi, Muafi MUAFI, and Agung GURITNO. “Sharia Stock Reaction Against COVID-19 Pandemic: Evidence from Indonesian Capital Markets.†The Journal of Asian Finance, Economics, and Business 8, no. 2 (2021): 697–710.
Sanusi., Ahmad. Ushul Fiqih. Jakarta: Raja Grafindo Persada, 2015.
Thaha, Abdurrahman Firdaus. “Dampak Covid-19 Terhadap UMKM Di Indonesia.†BRAND Jurnal Ilmiah Manajemen Pemasaran 2, no. 1 (2020): 147–53.
Undang-Undang, R I. “Undang-Undang Nomor 13 Tahun 2008 Tentang Perbankan Syariah.†Jakarta (ID), 2008.
Usanti, Trisadini Prasastinah. “Restrukturisasi Pembiayaan Sebagai Salah Satu Upaya Penanganan Pembiayaan Bermasalah.†Perspektif 11, no. 3 (2006): 258–81.
Varshney, Deepak, Devesh Roy, J V Meenakshi, J V Meenakshi meena, and D Varshney. “Impact of COVID-19 on Agricultural Markets: Assessing the Roles of Commodity Characteristics, Disease Caseload and Market Reforms · Wholesale Prices and Trade · Market Reforms · Government Policy JEL Classification O13 · Q02 · Q18 · L78.†Indian Economic Review, 2020. https://doi.org/10.1007/s41775-020-00095-1.
Wahyudi, Rofiul. “Analisis Pengaruh CAR, NPF, FDR, BOPO Dan Inflasi Terhadap Profitabilitas Perbankan Syariah Di Indonesia: Studi Masa Pandemi Covid-19.†At-Taqaddum 12, no. 1 (2020): 13. https://doi.org/10.21580/at.v12i1.6093.
Widyaningsih, Bekti. “Efektivitas Restrukturisasi Pembiayaan Akibat Peningkatan Npf (Non Performing Financing) Sebagai Upaya Menjaga Portofolio Neraca Laba Rugi Pada Bank Syariah Mandir Dan Bri Syariah Jombang.†IAIN Tulungagung, 2019.
This work is licensed under a 