Digital Gold Installment Innovation at Bank Muamalat: Sharia Compliance and Digital Accessibility
DOI:
https://doi.org/10.38035/dijefa.v7i2.6722Keywords:
Islamic fintech, digital gold installment, sharia compliance, accessibilityAbstract
This study analyzes the innovation of the digital gold installment product Solusi Emas Hijrah (SOLEH) at Bank Muamalat, focusing on sharia compliance and accessibility. The background highlights the rapid growth of Islamic fintech in Indonesia alongside persistent public doubts about the permissibility of digital gold installment transactions and weaknesses in the implementation of the Rahn contract. The objective is to understand how digital innovation is integrated, how sharia compliance is executed, and how accessibility is perceived by customers. A qualitative case study approach was employed at Bank Muamalat’s Genteng sub branch in Banyuwangi. Data were collected through in depth interviews with the branch manager, funding officer, and two customers, supported by observation and documentary studies. The findings reveal that the product successfully integrates digital convenience through the Muamalat DIN application with the security of physical gold ownership using Murabahah and Rahn contracts, offering high financing limits up to 500 grams and a tenor of 10 years. Sharia compliance is implemented through rigorous verification, customer education, and price transparency. However, the Rahn contract still shows weaknesses in asset ownership clarity. Accessibility encompasses three interrelated dimensions: digital, economic (installment affordability is more valued by customers), and cognitive (low public understanding remains the greatest challenge). The study concludes that the success of Islamic fintech depends not merely on technological innovation but on tangible sharia compliance and addressing fundamental financial needs.
References
(OJK), Otoritas Jasa Keuangan. 2024. ‘Siaran Pers: Stabilitas Sektor Jasa Keuangan Terjaga, Kinerja Tumbuh Positif’. https://www.ojk.go.id/id/berita-dan-kegiatan/siaran-pers/Pages/Siaran-Pers-Stabilitas-Sektor-Jasa-Keuangan-Terjaga,-Kinerja-Tumbuh-Positif.aspx.
Adhani, A, A Nasim, J Juliana, and D H Sobana. 2025. ‘Sharia Compliance of Murabahah of Gold Products In Mandiri Sharia Banks’. Iqtisad 1(1): 13–32. https://doi.org/10.61630/irjiec.v1i1.2.
Albanjari, F R, N F R Syakarna, Fauziah, F Luthfi, Mansur, D Masrifa, H Sultoni, et al. 2023. Lembaga Keuangan Syariah. ed. S Imani. Media Sains Indonesia.
Antonio, Muhammad Syafii. 2019. Bank Syariah: Dari Teori Ke Praktik (Edisi Revisi). Gema Insani.
APJII. 2024. ‘Survei Penetrasi Internet Indonesia 2024’. https://apjii.or.id/survei.
Ascarya, and D Yumanita. 2021. Akad Dan Produk Bank Syariah: Perspektif Fikih Dan Keuangan. Jakarta: Bank Indonesia Institute.
Bengi, E S, Y S Balkis, R Dewi, G Ananda, and H Kamal. 2025. ‘Prosedur Pembiayaan Cicil Emas Pada Bank Syariah Indonesia (BSI): Kajian Mekanisme Dan Implementasinya’. Equivalent: Journal Of Economic, Accounting and Management 3(2): 624–41.
Chakim, M H R, A Khotim, N Agusti, Budiman, A M Toyyibi, A Syakur, I Wahyudi, et al. 2026. Transformasi Digital Lembaga Keuangan Mikro Syariah: Strategi Dan Inovasi. Duta Sains Indonesia.
Chapra, M Umer. 2019. The Future of Economics: An Islamic Perspective. Islamic Foundation.
Cholilah, A U, and P Haryanti. 2024. ‘Efektivitas Digital Marketing Produk Cicil Emas Pada Bank Syariah Indonesia’. DIES: Dalwa Islamic Economic Studies 3(2): 84–98.
Creswell, J W. 2014. Research Design: Qualitative, Quantitative, and Mixed Methods Approaches. Thousand Oaks: Sage Publications.
Feriyanto, O, Z Qur’anisa, M Herawati, Lisvi, and M H Putri. 2024. ‘Peran Fintech Dalam Meningkatkan Akses Keuangan Di Era Digital’. GEMILANG: Jurnal Manajemen dan Akuntansi 4(3): 99–114. https://doi.org/10.56910/gemilang.v4i3.1573.
Google, Temasek, and Bain & Company. 2024. E-Conomy SEA 2024 Report: Navigating the next Wave of Growth. https://services.google.com/fh/files/misc/e_conomy_sea_2024_report.pdf.
Gultom, M S, A S Matondang, and E Susanto. 2023. Manajemen Perbankan Syariah. Sulur Pustaka.
Hardyansah, R, F Issalillah, D Darmawan, R K Khayru, and S Arifin. 2024. ‘Analisis Perilaku Konsumen Muslim Dalam Penggunaan Layanan Digital Banking Syariah: Studi Literatur’. Ekonomi, Keuangan, Investasi dan Syariah (EKUITAS) 6(1): 30–35. https://doi.org/10.47065/ekuitas.v6i1.5145.
Hudaefi, F A, and H Jasri. 2021. ‘Digital Banking and Compliance with Islamic Law: Principles, Practices and Prospects’. Journal of Islamic Accounting and Business Research 12(5): 692–711. https://doi.org/10.1108/JIABR-08-2020-0256.
Keuangan, Otoritas Jasa. 2024. ‘Siaran Pers: Aset Keuangan Syariah Tembus Rp1.000 Triliun, OJK Pacu Penguatan Ekosistem’. https://www.ojk.go.id/id/berita-dan-kegiatan/siaran-pers/Pages/default.aspx.
Koesherawati, A A, and V Oktari. 2024. ‘Peran Penting Bank Syariah Digital Dalam Menghadapi Isu-Isu Keuangan Publik’. Jurnal Ekonomika Dan Bisnis (JEBS) 4(6): 1944–51. https://doi.org/10.47233/jebs.v4i6.2421.
Kurniawan, R R. 2025. ‘Implementation of Gold Banking in Indonesia: Analysis of Positive Law and Sharia Review (Case Study of Bank Syariah Indonesia)’. AHKAM: Jurnal Hukum Islam dan Humaniora 4(2): 350–68. https://doi.org/10.58578/ahkam.v4i2.5615.
Lautania, M F, E Mutia, Evayani, and Dinaroe. 2024. ‘Islamic Fintech in Indonesia: Opportunities and Challenges for Growth and Innovation’. In Lecture Notes in Networks and Systems,.
Miles, M B, and A M Huberman. 2014. Qualitative Data Analysis: A Methods Sourcebook. SAGE Publications.
Mohd Haridan, N, A F Sheikh Hassan, S Mohammed Shah, and H Mustafa. 2023. ‘Financial Innovation in Islamic Banks: Evidence on the Interaction between Shariah Board and FinTech’. Journal of Islamic Accounting and Business Research.
Muamalat, Bank. 2025. ‘Berkilau Sepanjang 2025, Pembiayaan Emas Bank Muamalat Melonjak 3,3 Kali Lipat’. https://www.bankmuamalat.co.id/en/news/berkilau-sepanjang-2025-pembiayaan-emas-bank-muamalat-melonjak-33-kali-lipat.
Muhammad, M Z, F Mohd, T Amboala, and M S Al-Rawashdeh. 2025. ‘SHARIAH-COMPLIANT E-PAYMENT FRAMEWORK IN MALAYSIA: INTEGRATING FIQH, DIGITAL SECURITY AND REGULATORY GOVERNANCE’. Journal of Fatwa Management and Research.
Nufus, A, Natasya, M Munfasiroh, and R N Sari. 2024. ‘Strategi Inovasi Produk Keuangan Syariah Untuk Meningkatkan Inklusi Finansial’. SANTRI: Jurnal Ekonomi dan Keuangan Islam 2(6): 104–16. https://doi.org/10.61132/santri.v2i6.1016.
Online, N U. 2026. ‘Surah Al-Baqarah Ayat 188’. Qur’an NU Online. https://quran.nu.or.id/al-baqarah/188.
Permana, D, M Hasan, and D Gojali. 2025. ‘Applying Ushul Fiqh Principles to Enhance Sharia Compliance in Digital Gold Trading in Indonesia’. Review of Islamic Economics and Finance 8(2): 325–38.
Rabbani, M. R., Khan, S., & Thalassinos, E. I. (2021). FinTech, blockchain and Islamic finance: An extensive literature review. International Journal of Economics and Business Administration, 9(1), 65–86. https://www.researchgate.net/publication/339573432_FinTech_Blockchain_and_Islamic_Finance_An_Extensive_Literature_Review
Rezaldo, A D, Warsiyah, N P Saputeri, and M Fakhrurozi. 2025. ‘Perbandingan Produk Emas Digital Dan Cicilan Emas Di Bank Syariah Indonesia’. Jurnal Dinamika Ekonomi Syariah 12(1): 27–38.
Usmani, Muhammad Taqi. 2018. An Introduction to Islamic Finance. Darul Ishaat.
Wahab, F, and M Ihsan. 2025. ‘Revolusi Digital Perbankan Syariah: Mendorong Inovasi Keuangan Islam Di Indonesia’. Journal of Islamic Finance and Syariah Banking 2(2): 87–99. https://doi.org/10.63321/jifsb.v2i2.74.
Wiroso. 2018. Produk Perbankan Syariah. Jakarta: LPFE Usakti.
Yakubu, I N, A Abdul-Salam, A.-H. Abdul-Wahab, and A Bunyaminu. 2025. ‘Islamic FinTech and Ethical Finance: Opportunities for Inclusive Finance in Africa’. Sustainable Development Goals Series.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2026 Wafiroh Dwi Adlha, Lely Ana Ferawati Ekaningsih
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors who publish their manuscripts in this journal agree to the following conditions:
- The copyright on each article belongs to the author(s).
- The author acknowledges that the Dinasti International Journal of Economics, Finance & Accounting (DIJEFA) has the right to be the first to publish with a Creative Commons Attribution 4.0 International license (Attribution 4.0 International (CC BY 4.0).
- Authors can submit articles separately, arrange for the non-exclusive distribution of manuscripts that have been published in this journal into other versions (e.g., sent to the author's institutional repository, publication into books, etc.), by acknowledging that the manuscript has been published for the first time in the Dinasti International Journal of Economics, Finance & Accounting (DIJEFA).
