FRAGMENTASI STANDAR SYARIAH DAN STABILITAS PASAR KEUANGAN ISLAM: ANALISIS PERAN HARMONISASI AAOIFI
Analisis Kritis Peran Harmonisasi AAOIFI dalam Mengurangi Fragmentasi Standar Syariah
DOI:
https://doi.org/10.33603/ejpe.%20v14i1.33917Abstract
This study aims to analyze the impact of Sharia standard fragmentation on the stability of the Islamic financial market and to assess the role of AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) in mitigating the negative effects of cross-country interpretive differences. The research employs a qualitative descriptive method using a library research approach, drawing from journals, institutional reports (AAOIFI, IFSB, IsDB), and academic publications from 2020–2025. The findings indicate that Sharia standard fragmentation leads to regulatory inconsistencies, accounting disparities, and reduced investor confidence, which collectively increase market volatility and inefficiency. Conversely, comprehensive adoption of AAOIFI standards enhances transparency, strengthens governance in Islamic financial institutions, and supports macroeconomic stability through greater market integrity and regulatory alignment. The study concludes that harmonizing Sharia standards is essential for establishing a stable, efficient, and globally competitive Islamic financial system. Strong collaboration among regulators, financial institutions, and international standard-setting bodies is crucial to minimize fragmentation and reinforce the sustainability of Islamic finance worldwide.
Keywords: Sharia Fragmentation, AAOIFI, Islamic Financial Stability, Harmonization
References
Agus Rojak Samsudin, Oyo Sunaryo M, A. Y. R. (2024). Prospek Masa Depan Dual Banking SystemDalam Konteks Globalisasi Ekonomi Syariah. Eco Iqtishod, 6, 59–78.
Ali, Q., Rusgianto, S., Parveen, S., Yaacob, H., & Zin, R. M. (2024). An empirical study of the effects of green Sukuk spur on economic growth, social development, and financial performance in Indonesia. Environment, Development and Sustainability, 26(8), 21097–21123. https://doi.org/10.1007/s10668-023-03520-6
Alqassar, A. B. (2023). The Determinants of Good Shariah Corporate. August.
Amanda Ridho Ivanza, Riko Mahesa Pratama, Syahla Nabil Wardana, Y. A. (2025). Analisis Pengaruh Pembiayaan Murabahah , Musyarakah , dan Mudharabah. JournalofArtificialIntelligenceandDigitalBusiness(RIGGS), 4(2), 1151–1158. https://doi.org/https://doi.org/10.31004/riggs.v4i2.633
Arfan, A., Arfan, I. A., & Alkoli, A. (2024). The Implementation of Maqashid Sharia : Heterogeneity of Scholars ’ Fatwas Towards Islamic Banking Contracts. 32(1), 105–128.
Creswell, J. W. (2009). Research designs. Qualitative, quantitative, and mixed methods approaches.
Elhalaby, S., Sarea, A., & Alnesafi, A. (2023). The Adoption of AAOIFI Standards by Islamic Banks : Understanding the Microeconomic Consequences. 1–22.
Ghlamallah, E., Alexakis, C., Dowling, M., & Piepenbrink, A. (2021). The topics of Islamic economics and fi nance research. International Review of Economics and Finance, 75(November 2020), 145–160. https://doi.org/10.1016/j.iref.2021.04.006
Gultom, A., Majid, M. S. A., & Handayani, R. (2022). Tantangan Regulasi Keuangan Bagi Perkembangan Perbankan Islam : Studi Literatur Al-Kharaj : Jurnal Ekonomi , Keuangan & Bisnis Syariah. Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah, 4(5), 1309–1326. https://doi.org/10.47467/alkharaj.v4i5.928
Haris, M., & Hakim, A. (2025). Indonesia Economic Journal. Indonesia Economic Juornal, 1(2), 220–238. https://doi.org/doi.org/10.63822/4j0b9s84
Hasan, Z. (2025). An Analysis Of The Indonesian Sharia Banking Development Roadmap 2020-2025. 3(1), 36–54.
Hasanah, N., & Sayuti, M. N. (2024). Optimalisasi regulasi perbankan syariah oleh bank indonesia dan otoritas jasa keuangan dalam akselerasi transformasi digital. 13(03), 709–723.
Kenneh, M. (2024). Sharia investment Challenges and Growth for Sustainable and Inclusive Financial Equality in Digital Innovation. Bulletin Of Islamic Economics, 3(1), 1–11. https://doi.org/https://doi.org/10.14421/bie.2024.031-01
Keuangan, O. J. (2020). Roadmap pengembangan perbankan syariah Indonesia. Jakarta,[Online]. Available: Https://Www. Ojk. Go. Id/Id/Kanal/Syariah.
Mahagiyani, & Sugiono. (2024). Buku Ajar Metodologi Penelitian (L. Paonganan (ed.); pertama). Poltek LPP Press.
Mohammad, N., Abdul, N., Malim, K., & Kassim, N. M. (2025). 13. Exploring the sustainable business model components of Islamic banking in Malaysia. Islamic Finance and the Pursuit of Sustainable Prosperity, 291.
Muhammad, R. (2024). Harmonisasi Standar Akuntansi Keuangan Syariah dalam Pengembangan Sektor Keuangan Islam. UII Press.
Patty, J. P. (2025). Transparansi laporan keuangan: Pilar akuntabilitas perusahaan publik di era digital (J. Vonny (ed.)). Takaza Innovatix Labs. https://books.google.co.id/books?
Qadri, H. M.-D., & Bhatti, M. I. (2025). Islamic Finance in the Modern Era (Vol. 25). Retrieved January.
Rahayu, S., Dewi, R. S., Nurhudawi, N., & Pratami, A. (2025). Pasar dan Lembaga Keuangan Syariah: Teori, Regulasi, dan Praktik. Serasi Media Teknologi.
Respatiningsih, I., Sasmita, D., Febrina, I., & Wijaya, M. R. (2025). Penerapan Accounting and Auditing Organization for Islamic Financial Institutions ( AAOIFI ) dalam Audit Syariah dan Kepercayaan Investor di Indonesia. Sanskara Akuntansi Dan Keuangan, 3(03), 136–146. https://doi.org/10.58812/sak.v3.i02
Rifqi Muhammad, R. A. (2021). Determinan Struktur Modal Perbankan Syariah. Media Riset Akuntansi, Auditing & Informasi, 21(1), 51–74. https://doi.org/http://dx.doi.org/10.25105/mraai.v21i1.9089
Tazkiyah, H. (2022). Analisis Sharia Governance Dan Struktur Modal Terhadap Tingkat Kepatuhan Syariah Berdasarkan Standar Aaoifi [Uii]. https://dspace.uii.ac.id/bitstream/handle/123456789/41009/19919036.pdf?sequence=1&isAllowed=y
Trustees, M. of A. B. of. (2024). AAOIFI Annual Report. December. www.aaoifi.com
Yaacob, H., Zin, R. M., & Ali, Q. (2024). Islamic Finance, Governance and Regulation: Global Perspectives. Routledge.
Downloads
Published
Issue
Section
Citation Check
License
Copyright (c) 2026 Edunomic Jurnal Pendidikan Ekonomi
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Penulis yang menerbitkan karyanya ke jurnal ini setuju dengan persyaratan berikut:
Penulis menyimpan hak cipta dan memberikan jurnal hak penerbitan pertama, dengan karya yang secara serentak dilisensikan di bawah Lisensi: Creative Commons Attribution - Share Alike 4.0 Internasional License yang memungkinkan orang lain membagikan karya dengan pengakuan penerbitan awal dan kepenulisan karya di jurnal ini.
