Sharia Contract Implementation after Institutional Transformation: BTN Syariah and BSN

Nabila Adenina Zidni Maulida; Ahmad Nur Habibi; Ghufron Ainul Yakin; Fida Rif'atul Khasanah

doi:10.62097/al-tsaman.v8i01.3088

Nabila Adenina Zidni Maulida Universitas Islam Raden Rahmat
Ahmad Nur Habibi Universitas Islam Raden Rahmat, Malang
Ghufron Ainul Yakin Universitas Islam Raden Rahmat, Malang
Fida Rif'atul Khasanah Universitas Islam Raden Rahmat, Malang

DOI: https://doi.org/10.62097/al-tsaman.v8i01.3088

Keywords: transformation, mudharabah contract, wadiah contract, sharia compliance, Islamic banking.

Abstract

The transformation of Islamic banking institutions through the spin-off policy has become a strategic effort to strengthen governance, operational independence, and sharia compliance in Indonesia’s Islamic banking industry. However, studies examining the impact of institutional transformation on the implementation of sharia contracts remain limited. This study aims to analyze the implementation of mudharabah and wadiah contracts before and after the transformation of BTN Syariah into Bank Syariah Nasional (BSN). Using a qualitative case study approach, data were collected through interviews, observations, and documentation involving bank employees, sharia supervisory personnel, and customers. The findings indicate that the transformation did not change the substantive principles of mudharabah and wadiah contracts, but significantly improved their operational implementation through stronger governance, enhanced risk management, standardized procedures, greater transparency, and stricter sharia supervision. Furthermore, the transformation strengthened sharia compliance and good corporate governance, contributing to greater professionalism and customer trust in Islamic banking institutions.

References

Adiwarman A. Karim. (2017). Bank Islam : Analisis Fiqih dan Keuangan. RajaGrafindo Persada.

Antonio, M. S. (2001). Bank Syariah dari Teori ke Praktik. Gema Insani Press.

Ascarya. (2011). Akad dan Produk Bank Syariah. Grafindo Persada.

Creswell, J. (2013). Qualitative, quantitative, and mixed methods approaches. In K. dan A. F. Rianayati (Ed.), Research design (1st ed.). Pustaka Pelajar,.

Denzin, N. K. (2017). The Research Act. Routledge. https://doi.org/10.4324/9781315134543

Dusuki, A. W., & Abdullah, N. I. (2007). Maqasid al-Shari`ah, Maslahah, and Corporate Social Responsibility. American Journal of Islam and Society, 24(1), 25–45. https://doi.org/10.35632/ajis.v24i1.415

Guest, G., Bunce, A., & Johnson, L. (2006). How Many Interviews Are Enough? Field Methods, 18(1), 59–82. https://doi.org/10.1177/1525822X05279903

Hassan, M. K., & Aliyu, S. (2018). A contemporary survey of islamic banking literature. Journal of Financial Stability, 34, 12–43. https://doi.org/10.1016/j.jfs.2017.11.006

Kvale, S. (2007). Doing Interviews. SAGE Publications, Ltd. https://doi.org/10.4135/9781849208963

Marshall, C., & Rossman, G. B. (2016). Designing Qualitative Research (6th ed.). Sage Publications.

Miles, M. B., Michael, H. A., & Johnny, S. (2014). Qualitative Data Analysis. A Methods Sourcebook (3rd ed.). Sage Publications.

Nandaningsih, N., & Anugrah, Y. D. Y. (2021). Konsep Pembiayaan Mudharabah Dalam Perbankan Syariah. Muhasabatuna: Jurnal Akuntansi Syariah, 3(1), 61–66.

Nindi, Sulfarid, & Nurman, M. (2026). Analysis of the Implementation of the Wadiah Contract System and Financial Report Performance on Bank Management Strategy (Case Study of Indonesian Sharia Banks for the 2021-2023 Period). Al-Kharaj; Journal of Islamic Economic and Busuness, 8(2).

North, D. C. (1990). A Transaction Cost Theory of Politics. Journal of Theoretical Politics, 2(4), 355–367. https://doi.org/10.1177/0951692890002004001

OJK. (2025). Memperkuat Literasi dan Inklusi Keuangan Syariah. Https://Www.Ojk.Go.Id/Ojk-Institute/Id/Capacitybuilding/Upcoming/1340/Memperkuat-Literasi-Dan-Inklusi-Keuangan-Syariah.

Otoritas Jasa Keuangan (OJK). (2023). Laporan Perkembangan Keuangan Syariah Indonesia 2023. www.ojk.go.id

Patton, M. Q. (1999). Enhancing the quality and credibility of qualitative analysis. Health Services Research, 34, 1189–1208.

Ridder, H.-G. (2014). Book Review: Qualitative Data Analysis. A Methods Sourcebook. German Journal of Human Resource Management: Zeitschrift Für Personalforschung, 28(4), 485–487. https://doi.org/10.1177/239700221402800402

Wijaya, R. H. (2021). Tinjauan Fikih dan Praktik Akad Al-Wadiah Pada Perbankan Syariah di Indonesia. In Jurnal Ilmiah Mahasiswa Manajemen (Vol. 3, Number 2). http://journal.stieputrabangsa.ac.id/index.php/jimmba/index

Yin, R. K. (2018). Case Study Research and Applications Design and Methods. Sage Publications.