A Bright Future Managing Pension Funds Based on Sharia Principles
DOI:
https://doi.org/10.5281/91pwv305Keywords:
pension fund, sharia pension fund, sharia principleAbstract
A pension is a crucial part of the whole concept of retirement that ensures the financial security of the old age people of the society. With the increasing awareness of Islamic law among the masses, the sharia pension fund comes as the solution that merges the financing needs with the religious values. This sharia pension fund is engineered to be a secure source of income in the old age while the whole process and instruments are not just permitted by the law but are in accordance with the principles of Sharia. Sharia-compliant contracts are being used such as mudharabah and ijarah, and the Sharia Supervisory Council has the responsibility to ensure the Sharia rules are respected in the finance world. This is one of the ethical and fair-sector approaches in the global economy. This article provides an in-depth analysis of the definition and classification of a sharia pension fund along with the fund management and its benefits for ensuring financial security according to Islamic principles. It is therefore hoped that this concept can be referred to by individuals and institutions that are dedicated to the application of Islamic economic system as a means of long-term financial planning.
References
Ahmed, H., & Salleh, A. M. H. A. P. M. (2016). Inclusive Islamic Financial Planning: A conceptual framework. International Journal of Islamic and Middle Eastern Finance and Management, 9(2), 170–189.
Akhtar, Z. (2015). Auto enrolment, pension trusts and ethical finance: Banks and regulators have an increasing role in promoting Shariah finance. International Journal of Disclosure and Governance, 12(4), 275–283.
Anggianti, F. D., Wahyudi, M. D., & Yuliannti, R. (2023). Dana Pensiun Syariah. Academia.Edu.
Ash-Shiddiqy, M. (2023). How are Islamic Pension Funds Efforts in Advancing Financial Instituions in Indonesia? JIHBIZ: Journal of Islamic Economy, Finance, and Banking, 7(2), 138–151.
Azzrahra, L. K., Azizah, L., & Salamah, N. A. (2023). Perkembangan Dana Pensiun Syariah. Jurnal Ilmiah Ekonomi Dan Manajemen, 1(4), 348.
Cahyono, J. A. P., & Yazid, M. (2022). Dana Pensiun Syariah. Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah, 5(4), 1810–1816. https://doi.org/10.47467/alkharaj.v5i4.2000
Cahyono, J. A. P., & Yazid, M. (2023). Dana Pensiun Syariah. Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah, 5(4), 1812.
Fitri, S. D., & Suseno, P. (2023). Analisis Fiqh dan Hukum Bisnis Islam terhadap Pengelolaan Dana Pensiun Syariah. Jurnal Ilmiah Wahana Pendidikan, 9(11), 584–598.
Ibrahim, M. A. (2017). Implementasi Metode Constant Percent of Salary Dalam Penentuan Iuran Dana Pensiun Syariah Bagi Pedagang Umkm. Amwaluna: Jurnal Ekonomi Dan Keuangan Syariah, 1(1), 51–65. https://doi.org/10.29313/amwaluna.v1i1.1997
Iqbal, Muhammad. (2020). Maqasid Syariah dan Dana Pensiun Syariah. Indonesia Journal of Islamic Business and Economics, 01(01), 32.
Karyawan, A. E. K., & Neal Jr, M. P. J. E. (2022). Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah.
Karyawan, A. E. K., & Neal Jr, M. P. J. E. (2023). Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah.
McLeod, R. (1984). Financial institutions and markets in Indonesia. Financial Institutions and Markets in Southeast Asia: A Study of Brunei, Indonesia, Malaysia, Philippines, Singapore and Thailand, 49–109.
Mirakhor, A., & Iqbal, Z. (2012). Financial inclusion: Islamic finance perspective.
Najuwa, A., Nova, R. K., & Muhammad, I. (2023). Tinjauan Fatwa DSN-MUI No 88 Tahun 2013 Terhadap Pengelolaan Dana Pensiun Syariah di Indonesia. 7(1), 1–19.
Nurlaila, L., & Zahra, N. (2024). Dana Pensiun Syariah. Gunung Djati Conference Series, 42.
Oktiani, R. Z., Maulani, R. R., & Anggraeni, L. S. (2024). Konsep Fikih Tentang Dana Pensiun Syariah. Gunung Jati Conference Series, 24, 750.
Saefuloh, A. A., Alhusain, A. S., Silalahi, S. F. A., Surya, T. A., & Wirabrata, A. (2015). Kebijakan Pengelolaan Dana Pensiun Sektor Korporasi. Jurnal Ekonomi Dan Kebijakan Publik, 6(1), 77–96.
Ubaidillah, M., Ismail, M. A., & Noor, M. A. M. (2020). The waqf integrated financial instrument of pension model in Malaysian social security: A conceptual proposition. The Journal of Muamalat and Islamic Finance Research, 33–55.
Downloads
Published
License
Copyright (c) 2025 Erica Siska Amalia, Awathifur Rochimah, Triana Dani Maulana, Rinda Asytuti
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Cigarskruie: Journal of Educational and Islamic Research by Saniya Institute is licensed under Creative Commons Attribution ShareAlike 4.0
It means that:
- Adapted Material means material subject to Copyright and Similar Rights that is derived from or based upon the Licensed Material and in which the Licensed Material is translated, altered, arranged, transformed, or otherwise modified in a manner requiring permission under the Copyright and Similar Rights held by the Licensor. For purposes of this Public License, where the Licensed Material is a musical work, performance, or sound recording, Adapted Material is always produced where the Licensed Material is synched in timed relation with a moving image.
- Adapter's License means the license You apply to Your Copyright and Similar Rights in Your contributions to Adapted Material in accordance with the terms and conditions of this Public License.
- BY-SA Compatible License means a license listed at creativecommons.org/compatiblelicenses , approved by Creative Commons as essentially the equivalent of this Public License.
- Copyright and Similar Rights means copyright and/or similar rights closely related to copyright including, without limitation, performance, broadcast, sound recording, and Sui Generis Database Rights, without regard to how the rights are labeled or categorized. For purposes of this Public License, the rights specified in Section 2(b)(1)-(2) are not Copyright and Similar Rights.
- Effective Technological Measures means those measures that, in the absence of proper authority, may not be circumvented under laws fulfilling obligations under Article 11 of the WIPO Copyright Treaty adopted on December 20, 1996, and/or similar international agreements.
- Exceptions and Limitations means fair use, fair dealing, and/or any other exception or limitation to Copyright and Similar Rights that applies to Your use of the Licensed Material.
- License Elements means the license attributes listed in the name of a Creative Commons Public License. The License Elements of this Public License are Attribution and ShareAlike.
- Licensed Material means the artistic or literary work, database, or other material to which the Licensor applied this Public License.
- Licensed Rights means the rights granted to You subject to the terms and conditions of this Public License, which are limited to all Copyright and Similar Rights that apply to Your use of the Licensed Material and that the Licensor has authority to license.
- Licensor means the individual(s) or entity(ies) granting rights under this Public License.
- Sui Generis Database Rights means rights other than copyright resulting from Directive 96/9/EC of the European Parliament and of the Council of 11 March 1996 on the legal protection of databases, as amended and/or succeeded, as well as other essentially equivalent rights anywhere in the world.
- You means the individual or entity exercising the Licensed Rights under this Public License. Your has a corresponding meaning.
