CONTEMPORARY MUAMALAH AND HIFZ AL-MAL: A STUDY ON THE DIGITALIZATION OF THE FINANCIAL SYSTEM AT AL-AMIEN PRENDUAN ISLAMIC BOARDING SCHOOL

HARIS HIDAYATULLOH; Bhismoadi Tri Wahyu  Faizal; Achmad Farid Mawardi  Sufyan; Hanuri Firman  Erentama

doi:10.53515/lt.v7i2.162

HARIS HIDAYATULLOH UIN Madura
Bhismoadi Tri Wahyu Faizal Universitas Islam Negeri Madura, Indonesia
Achmad Farid Mawardi Sufyan International Islamic University, Malaysia
Hanuri Firman Erentama Universitas Islam Negeri Madura, Indonesia

DOI: https://doi.org/10.53515/lt.v7i2.162

Keywords: Contemporary Muamalah Hifz al-Mal Financial Technology Al-Amien Prenduan

Abstract

Introduction: The advancement of financial technology has transformed the landscape of financial management, compelling Islamic boarding schools (pesantren) to adopt reactive and responsive policies. This study aims to examine the digitalization of the financial system at Al-Amien Prenduan Islamic Boarding School, encompassing the planning and formulation of digital system transformation, its implementation and development, as well as the manner in which the institution integrates such transformation with the principles of Hifz al-Mal.

Methods: This study employs a qualitative-empirical method, addressing the research focus through three stages of data analysis, namely data reduction, data presentation, and conclusion.

Results: The findings indicate that the transformation of the student payment system from manual to digital was systematically planned, practically implemented to resolve various financial issues grounded in the principles of Hifz al-Mal as part of Maqashid al-Shariah, and evaluated to achieve a system with optimal performance in attaining maṣlaḥah

Conclusion and suggestion: The integration of the principles of Hifz al-Mal into the digital payment system has proven to be an effective instrument and solution in resolving financial problems, thereby creating a transparent and accountable financial system.