{"id":"https://openalex.org/W4412866331","doi":"https://doi.org/10.47766/al-hiwalah.v4i1.6060","title":"The Transformation of Risk Management in Islamic Financial Institutions: A Sharia Economic Law Perspective","display_name":"The Transformation of Risk Management in Islamic Financial Institutions: A Sharia Economic Law Perspective","publication_year":2025,"publication_date":"2025-06-14","ids":{"openalex":"https://openalex.org/W4412866331","doi":"https://doi.org/10.47766/al-hiwalah.v4i1.6060"},"language":"en","primary_location":{"id":"doi:10.47766/al-hiwalah.v4i1.6060","doi":"https://doi.org/10.47766/al-hiwalah.v4i1.6060","is_oa":true,"landing_page_url":"https://doi.org/10.47766/al-hiwalah.v4i1.6060","pdf_url":"https://journal.iainlhokseumawe.ac.id/index.php/AlHiwalah/article/download/6060/1717","source":{"id":"https://openalex.org/S4390648531","display_name":"Al-Hiwalah Journal Syariah Economic Law","issn_l":"2963-0304","issn":["2963-0304"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I4405276512","host_organization_name":"Universitas Islam Negeri Sultanah Nahrasiyah Lhokseumawe","host_organization_lineage":["https://openalex.org/I4405276512"],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Al-Hiwalah : Journal Syariah Economic Law","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"https://journal.iainlhokseumawe.ac.id/index.php/AlHiwalah/article/download/6060/1717","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5001645070","display_name":"Harjoni Desky","orcid":"https://orcid.org/0000-0002-7020-977X","observed_orcids":["https://orcid.org/0000-0002-7020-977X"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Harjoni Desky","raw_affiliation_strings":["Sultanah Nahrasiyah State Islamic University of Aceh"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Sultanah Nahrasiyah State Islamic University of Aceh","institution_ids":[]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5110641501","display_name":"Zulhamdi Zulhamdi","orcid":"https://orcid.org/0000-0003-3225-8842","observed_orcids":["https://orcid.org/0000-0003-3225-8842"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Zulhamdi Zulhamdi","raw_affiliation_strings":["Sultanah Nahrasiyah State Islamic University of Aceh"],"raw_orcid":"https://orcid.org/0000-0003-3225-8842","affiliations":[{"raw_affiliation_string":"Sultanah Nahrasiyah State Islamic University of Aceh","institution_ids":[]}]},{"author_position":"last","author":{"id":null,"display_name":"Asmah Savitri","orcid":null,"observed_orcids":[]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Asmah Savitri","raw_affiliation_strings":["Sultanah Nahrasiyah State Islamic University of Aceh"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Sultanah Nahrasiyah State Islamic University of Aceh","institution_ids":[]}]}],"institutions":[],"countries_distinct_count":0,"institutions_distinct_count":0,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":4.0743,"has_fulltext":true,"cited_by_count":4,"citation_normalized_percentile":{"value":0.92655276,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":97},"biblio":{"volume":"4","issue":"1","first_page":"21","last_page":"38"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11365","display_name":"Islamic Finance and Banking Studies","score":1.0,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11365","display_name":"Islamic Finance and Banking Studies","score":1.0,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12651","display_name":"Halal products and consumer behavior","score":0.0,"subfield":{"id":"https://openalex.org/subfields/1406","display_name":"Marketing"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13646","display_name":"Qur\u2019anic Interpretation Studies","score":0.0,"subfield":{"id":"https://openalex.org/subfields/1212","display_name":"Religious studies"},"field":{"id":"https://openalex.org/fields/12","display_name":"Arts and Humanities"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/risk-management","display_name":"risk management","score":0.9229999780654907},{"id":"https://openalex.org/keywords/islamic-financial-institutions","display_name":"Islamic financial institutions","score":0.9940000176429749},{"id":"https://openalex.org/keywords/islamic-banking","display_name":"Islamic banking","score":0.6869999766349792},{"id":"https://openalex.org/keywords/sharia-economic-law","display_name":"sharia economic law","score":0.9150000214576721},{"id":"https://openalex.org/keywords/sharia-compliance","display_name":"sharia compliance","score":0.8029999732971191},{"id":"https://openalex.org/keywords/maqasid-al-shariah","display_name":"maqasid al-shariah","score":0.9259999990463257},{"id":"https://openalex.org/keywords/credit-risk","display_name":"credit risk","score":0.7269999980926514},{"id":"https://openalex.org/keywords/liquidity-risk","display_name":"liquidity risk","score":1.0},{"id":"https://openalex.org/keywords/artificial-intelligence-in-risk-management","display_name":"artificial intelligence in risk management","score":0.7580000162124634},{"id":"https://openalex.org/keywords/big-data","display_name":"big data","score":0.7549999952316284},{"id":"https://openalex.org/keywords/regulatory-compliance","display_name":"regulatory compliance","score":0.7390000224113464},{"id":"https://openalex.org/keywords/legal-certainty","display_name":"legal certainty","score":0.6029999852180481},{"id":"https://openalex.org/keywords/stakeholder-trust","display_name":"stakeholder trust","score":0.8500000238418579},{"id":"https://openalex.org/keywords/institutional-resilience","display_name":"institutional resilience","score":0.9599999785423279}],"concepts":[{"id":"https://openalex.org/C4445939","wikidata":"https://www.wikidata.org/wiki/Q432","display_name":"Islam","level":2,"score":0.7330896258354187},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6327629089355469},{"id":"https://openalex.org/C32896092","wikidata":"https://www.wikidata.org/wiki/Q189447","display_name":"Risk management","level":2,"score":0.5442762970924377},{"id":"https://openalex.org/C204241405","wikidata":"https://www.wikidata.org/wiki/Q461499","display_name":"Transformation (genetics)","level":3,"score":0.47484925389289856},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.38141125440597534},{"id":"https://openalex.org/C205649164","wikidata":"https://www.wikidata.org/wiki/Q1071","display_name":"Geography","level":0,"score":0.09068316221237183},{"id":"https://openalex.org/C55493867","wikidata":"https://www.wikidata.org/wiki/Q7094","display_name":"Biochemistry","level":1,"score":0.0},{"id":"https://openalex.org/C185592680","wikidata":"https://www.wikidata.org/wiki/Q2329","display_name":"Chemistry","level":0,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C104317684","wikidata":"https://www.wikidata.org/wiki/Q7187","display_name":"Gene","level":2,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.47766/al-hiwalah.v4i1.6060","doi":"https://doi.org/10.47766/al-hiwalah.v4i1.6060","is_oa":true,"landing_page_url":"https://doi.org/10.47766/al-hiwalah.v4i1.6060","pdf_url":"https://journal.iainlhokseumawe.ac.id/index.php/AlHiwalah/article/download/6060/1717","source":{"id":"https://openalex.org/S4390648531","display_name":"Al-Hiwalah Journal Syariah Economic Law","issn_l":"2963-0304","issn":["2963-0304"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I4405276512","host_organization_name":"Universitas Islam Negeri Sultanah Nahrasiyah Lhokseumawe","host_organization_lineage":["https://openalex.org/I4405276512"],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Al-Hiwalah : Journal Syariah Economic Law","raw_type":"journal-article"},{"id":"pmh:oai:ojs2.journal.uinsuna.ac.id:article/6060","doi":null,"is_oa":true,"landing_page_url":"https://journal.uinsuna.ac.id/index.php/AlHiwalah/article/view/6060","pdf_url":"https://journal.uinsuna.ac.id/index.php/AlHiwalah/article/download/6060/1717","source":{"id":"https://openalex.org/S4390648531","display_name":"Al-Hiwalah Journal Syariah Economic Law","issn_l":"2963-0304","issn":["2963-0304"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I4405276512","host_organization_name":"Universitas Islam Negeri Sultanah Nahrasiyah Lhokseumawe","host_organization_lineage":["https://openalex.org/I4405276512"],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"10.47766/al-hiwalah.v4i1","raw_type":"info:eu-repo/semantics/article"}],"best_oa_location":{"id":"doi:10.47766/al-hiwalah.v4i1.6060","doi":"https://doi.org/10.47766/al-hiwalah.v4i1.6060","is_oa":true,"landing_page_url":"https://doi.org/10.47766/al-hiwalah.v4i1.6060","pdf_url":"https://journal.iainlhokseumawe.ac.id/index.php/AlHiwalah/article/download/6060/1717","source":{"id":"https://openalex.org/S4390648531","display_name":"Al-Hiwalah Journal Syariah Economic Law","issn_l":"2963-0304","issn":["2963-0304"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I4405276512","host_organization_name":"Universitas Islam Negeri Sultanah Nahrasiyah Lhokseumawe","host_organization_lineage":["https://openalex.org/I4405276512"],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Al-Hiwalah : Journal Syariah Economic Law","raw_type":"journal-article"},"sustainable_development_goals":[{"display_name":"Peace, justice, and strong institutions","id":"https://metadata.un.org/sdg/16","score":0.7297000288963318}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W4412866331.pdf","grobid_xml":"https://content.openalex.org/works/W4412866331.grobid-xml"},"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W7220219906","https://openalex.org/W7131074863","https://openalex.org/W7215669482","https://openalex.org/W7215307746","https://openalex.org/W7169808610","https://openalex.org/W4406316493","https://openalex.org/W7215419528","https://openalex.org/W7005558225","https://openalex.org/W2995557009","https://openalex.org/W7215327098"],"abstract_inverted_index":{"Risk":[0],"management":[1,19,41,91,154,192,272],"in":[2,157,193,226,241,274],"Islamic":[3,62,94,121,159,172,194,275,282],"financial":[4,73,95,160,195,276],"institutions":[5,196,277],"presents":[6],"a":[7,134,138,256],"unique":[8],"challenge":[9],"due":[10,70],"to":[11,54,71,98,177,268],"the":[12,22,34,44,84,106,120,188,230],"dual":[13],"necessity":[14],"of":[15,25,30,36,47,108,148,190,216],"aligning":[16],"with":[17,61,105,137,164],"conventional":[18,247],"practices":[20,42,273],"and":[21,43,77,97,128,152,168,181,206,218,221,236,243,262,280,284],"legal-ethical":[23],"framework":[24,261],"Sharia.":[26],"The":[27,112,184,252],"central":[28],"problem":[29],"this":[31,81,102],"research":[32,86,132,253],"is":[33,89,197,266],"lack":[35],"integration":[37],"between":[38,234],"evolving":[39],"risk":[40,90,153,169,191,210,271,279],"foundational":[45],"principles":[46,107],"Sharia":[48,109,165,237,258],"Economic":[49,110,259],"Law,":[50],"which":[51],"often":[52],"leads":[53],"either":[55],"operational":[56],"inefficiency":[57],"or":[58],"potential":[59],"non-compliance":[60],"legal":[63,124,140,149,182,238,283],"norms.":[64],"This":[65,131],"disconnect":[66],"becomes":[67],"more":[68],"critical":[69],"increasing":[72],"complexity,":[74],"technological":[75,202],"innovation,":[76],"regulatory":[78,212],"demands.":[79],"Therefore,":[80],"study":[82,113,231],"addresses":[83],"following":[85],"question:":[87],"How":[88],"transforming":[92],"within":[93],"institutions,":[96],"what":[99],"extent":[100],"does":[101],"transformation":[103,118,189],"comply":[104],"Law?":[111],"also":[114,175],"explores":[115],"whether":[116],"such":[117],"strengthens":[119],"finance":[122],"sector's":[123],"certainty,":[125],"stakeholder":[126],"trust,":[127],"institutional":[129],"resilience.":[130],"adopts":[133],"qualitative-descriptive":[135],"method":[136],"normative":[139],"approach.":[141],"Data":[142],"were":[143,174],"collected":[144],"through":[145],"document":[146],"analysis":[147],"provisions,":[150],"fatwas,":[151],"frameworks":[155],"used":[156],"selected":[158],"institutions.":[161],"In-depth":[162],"interviews":[163],"board":[166],"members":[167],"officers":[170],"from":[171],"banks":[173],"conducted":[176],"capture":[178],"practical":[179],"insights":[180],"reasoning.":[183],"findings":[185],"show":[186],"that":[187,255,270],"occurring":[198],"on":[199],"three":[200],"fronts:":[201],"adoption":[203],"(e.g.,":[204],"AI":[205],"big":[207],"data":[208],"for":[209],"analysis),":[211],"compliance":[213],"alignment":[214],"(integration":[215],"OJK":[217],"DSN-MUI":[219],"standards),":[220],"internal":[222],"policy":[223],"development":[224],"grounded":[225],"maqashid":[227],"al-shariah.":[228],"However,":[229],"finds":[232],"inconsistencies":[233],"implementation":[235],"standards,":[239],"particularly":[240],"credit":[242],"liquidity":[244],"risks,":[245],"where":[246],"models":[248],"are":[249],"still":[250],"dominant.":[251],"concludes":[254],"robust":[257],"Law":[260],"ethical":[263],"managerial":[264],"reform":[265],"essential":[267],"ensuring":[269],"mitigate":[278],"uphold":[281],"moral":[285],"obligations":[286]},"counts_by_year":[{"year":2026,"cited_by_count":3},{"year":2025,"cited_by_count":1}],"updated_date":"2026-11-12T12:28:57.059296","created_date":"2025-10-10T00:00:00"}