Restructuring Policy of Shariah Financing Towards UMKM Affected by Covid-19: Maqashid Syariah Perspective

DOI

10.2991/assehr.k.210421.019How to use a DOI?

Keywords

restructuring policy, shariah financing, maqashid shariah

Abstract

One of the efforts that can be made to improve the UMKM class is to provide easy access to capital through Islamic banking institutions. However, currently, UMKM in Indonesia are facing a crisis due to the Covid-19 pandemic and also the economic recession. This study aims to determine the Sharia Banking Financing Restructuring Policy Against UMKM Affected by the Covid-19 Pandemic and Islamic Maqashid Study of Sharia Banking Financing Restructuring Policies on UMKM Affected by the Covid-19 Pandemic. The type of research used in this research is normative juridical research. The approach used is in the form of a statutory approach (statue approach) and a conceptual approach (conceptual approach). Legal materials obtained through literature study are then analyzed by means of descriptive qualitative. The Research Results Show that Restructuring does not mean eliminating the debtor’s obligations, but there are new adjustments in paying debt instalments. The restructuring policy of UMKM has the aim of providing legal protection in an effort to maintain economic stability and the health of banks in Indonesia during the Covid-19 pandemic. These efforts contain wisdom and good causes (al-’illah), namely saving banks and UMKM. Meanwhile, its maqashid, namely avoiding economic downturns. From al-’illah, it can be seen that the existence of maqashid sharia, which aims to maintain economic stability and bank health because the essence of the maqhasid concept is to realize goodness.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Dwi Fidhayanti
AU  - Risma Nur Arifah
AU  - Lutfi Ardhani
PY  - 2021
DA  - 2021/04/22
TI  - Restructuring Policy of Shariah Financing Towards UMKM Affected by Covid-19: Maqashid Syariah Perspective
BT  - Proceedings of the International Conference on Engineering, Technology and Social Science (ICONETOS 2020)
PB  - Atlantis Press
SP  - 121
EP  - 127
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.210421.019
DO  - 10.2991/assehr.k.210421.019
ID  - Fidhayanti2021
ER  -