How is the implementation of Islamic accounting system for profit-sharing investment in Islamic banks?

Abstract

This study aims to examine the profit-sharing system in the Mudharabah savings program at Islamic banks, specifically focusing on Bank Syariah Indonesia (BSI), Bireuen Branch. The research utilizes both primary data, collected through interviews with key informants, and secondary data from books, journals, and scholarly publications. The study was conducted over a three-month period. A qualitative research approach was employed, involving observation, interviews, and documentation. Data analysis techniques included data collection, data reduction, data presentation, and conclusion drawing. To ensure validity, the study applied credibility, transferability, dependability, and confirmability tests. The findings indicate that the profit-sharing mechanism in the Mudharabah savings program at BSI follows a revenue-sharing calculation based on gross profit, without accounting for the bank's operational expenses. In the event of a loss, the customer bears the financial burden. Furthermore, the implementation of profit-sharing accounting at BSI adheres to Sharia principles, and the accounting procedures for each savings product align with the Fatwa issued by the Dewan Syariah Islam (National Sharia Council). These results contribute to a better understanding of the application of Islamic banking principles in profit-sharing arrangements.