To What Extent Collateral in PLS Financing Brings Maṣlaḥah? An Analytical Comparison from Islamic Law Outlook with Maqāṣid al-Sharī’ah Index

Lestari, Dini Maulana; Kusuma, Hadri; Sunaryati; Dini Maulana

doi:10.24090/mnh.v18i1.10575

Akses terbuka Jurnal SINTA 1

To What Extent Collateral in PLS Financing Brings Maṣlaḥah? An Analytical Comparison from Islamic Law Outlook with Maqāṣid al-Sharī’ah Index

Al-Manahij: Jurnal Kajian Hukum Islam · Vol. 18 No. 1 (2024) · hlm. 109–124

DOI: 10.24090/mnh.v18i1.10575
ISSN: 2579-4167, 1978-6670
Terbit: 2024-05-22
Penerbit: Universitas Islam Negeri Profesor Kiai Haji Saifuddin Zuhri Purwokerto
Bahasa: eng
Lisensi: creativecommons.org/licenses/by-sa/4.0

Abstrak

This study aims to compare the level of maṣlaḥah regarding the existence of collateral in Profit and Loss Sharing (PLS) financing from Islamic banking customers and employees standpoints. This is crucial as PLS financing becomes the main characteristic product of Islamic banks, but it emerges as an unfavorable product due to the high financial risk. The existence of collateral plays a pivotal role in this situation to realize maṣlaḥah. This is an explanatory study with a quantitative approach and survey method, considering 400 respondents, particularly 200 Islamic banking customers and 200 Islamic banking employees, who were conveniently obtained at certain time intervals for a one-shot. An Independent sample t-test is used to calculate the comparison level of maṣlaḥah among these two groups. At the same time, Rasch Model analysis is also used to measure the data based on the demographic characteristics of respondents. The result discovers that although there is a slightly different level of maṣlaḥah between Islamic banking customers and employees in PLS finance practice regarding collateral, it still significantly brings benefit, as it aligns with the concept of ta’widh to prevent financial risk. This finding contributes to Islamic banks as a guideline to understand how to operate and enhance the market share of this financing product based on the Rasch Model Analysis.

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10 penulis · 15 tautan kepenulisan bersama · 3 lintas organisasi

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Sunan Kalijaga State Islamic University Yogyakarta
Islamic University of Indonesia
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Rekan penulis	Organisasi	Artikel bersama
Busthanul Arifin	Afiliasi tidak diketahui	1
Erika Setyanti Kusumaputri	Sunan Kalijaga State Islamic University Yogyakarta	1
Fitri Utami	Sunan Kalijaga State Islamic University Yogyakarta	1
Khaerusoalikhin Khaerusoalikhin	Sunan Kalijaga State Islamic University Yogyakarta	1
Aditya Pandu Wicaksono	Islamic University of Indonesia	1
Riana Mahfuroh	Islamic University of Indonesia	1

Afiliasi berasal dari OpenAlex; metadata OAI-PMH jurnal tidak memuatnya. Penulis tanpa ID OpenAlex dicocokkan berdasarkan nama, sehingga dua orang bisa tergabung atau satu orang bisa terpisah.

Sumber metadata: OAI-PMH (metadata jurnal) https://ejournal.uinsaizu.ac.id/index.php/almanahij/oai, pertama di-harvest 8 Nov 2026, terakhir terlihat 8 Nov 2026.

Metadata asli (oai_dc)

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	<dc:title xml:lang="en">To What Extent Collateral in PLS Financing Brings Maṣlaḥah? An Analytical Comparison from Islamic Law Outlook with Maqāṣid al-Sharī’ah Index</dc:title>
	<dc:creator xml:lang="en">Lestari, Dini Maulana</dc:creator>
	<dc:creator xml:lang="en">Kusuma, Hadri</dc:creator>
	<dc:creator xml:lang="en">Sunaryati</dc:creator>
	<dc:creator xml:lang="id">Dini Maulana</dc:creator>
	<dc:subject xml:lang="en">Islamic Finance</dc:subject>
	<dc:subject xml:lang="en">Maṣlaḥah</dc:subject>
	<dc:subject xml:lang="en">Collateral</dc:subject>
	<dc:subject xml:lang="en">Rasch Model</dc:subject>
	<dc:description xml:lang="en">This study aims to compare the level of maṣlaḥah regarding the existence of collateral in Profit and Loss Sharing (PLS) financing from Islamic banking customers and employees standpoints. This is crucial as PLS financing becomes the main characteristic product of Islamic banks, but it emerges as an unfavorable product due to the high financial risk. The existence of collateral plays a pivotal role in this situation to realize maṣlaḥah. This is an explanatory study with a quantitative approach and survey method, considering 400 respondents, particularly 200 Islamic banking customers and 200 Islamic banking employees, who were conveniently obtained at certain time intervals for a one-shot. An Independent sample t-test is used to calculate the comparison level of maṣlaḥah among these two groups. At the same time, Rasch Model analysis is also used to measure the data based on the demographic characteristics of respondents. The result discovers that although there is a slightly different level of maṣlaḥah between Islamic banking customers and employees in PLS finance practice regarding collateral, it still significantly brings benefit, as it aligns with the concept of ta’widh to prevent financial risk. This finding contributes to Islamic banks as a guideline to understand how to operate and enhance the market share of this financing product based on the Rasch Model Analysis.</dc:description>
	<dc:publisher xml:lang="en">Universitas Islam Negeri Profesor Kiai Haji Saifuddin Zuhri Purwokerto</dc:publisher>
	<dc:date>2024-05-22</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://ejournal.uinsaizu.ac.id/index.php/almanahij/article/view/10575</dc:identifier>
	<dc:identifier>10.24090/mnh.v18i1.10575</dc:identifier>
	<dc:source xml:lang="en">Al-Manahij: Jurnal Kajian Hukum Islam; Vol. 18 No. 1 (2024); 109-124</dc:source>
	<dc:source>2579-4167</dc:source>
	<dc:source>1978-6670</dc:source>
	<dc:source>10.24090/mnh.v18i1</dc:source>
	<dc:language>eng</dc:language>
	<dc:relation>https://ejournal.uinsaizu.ac.id/index.php/almanahij/article/view/10575/3747</dc:relation>
	<dc:rights xml:lang="en">Copyright (c) 2024 Dini Maulana Lestari, Hadri Kusuma, Sunaryati</dc:rights>
	<dc:rights xml:lang="en">http://creativecommons.org/licenses/by-sa/4.0</dc:rights>
</oai_dc:dc>