Revisiting Sharia Accounting Practices in Indonesia: A Literature-Based Analysis of Their Role in Shaping Muslim Economic Behavior and Social Systems
Keywords:
BMT,, Muslim economic behavior,, sharia accounting,, social system,, zakatcommaAbstract
This study aims to revisit sharia accounting practices in Indonesia and analyze their role in shaping Muslim economic behavior and social systems. This literature-based analysis was conducted over six months (January–June 2025) within the bibliographic space of academic databases such as Scopus, Web of Science, Google Scholar, Garuda, and Neliti. The method employed is critical interpretive synthesis (CIS) of 127 peer-reviewed articles, book chapters, and official reports published between 2000 and 2025. The findings reveal three main conclusions. First, sharia accounting in Indonesia is a hybrid institution characterized by persistent decoupling between formal PSAK Syariah standards and substantive practices, which varies across institutional types (Islamic banks, BMTs, BAZNAS). Second, five causal mechanisms (transparency induction, risk recalibration, moral priming, social signaling, and accountability activation) mediate sharia accounting’s influence on economic behavior and social systems, moderated by regulatory enforcement intensity, religious literacy, and community audit involvement. Third, significant literature gaps exist regarding waqf, infaq, and sadaqah accounting. This study concludes that sharia accounting has contingent effects depending on regulatory design, institutional embeddedness, and user literacy.
References
Abdul Razak, D., Mousa Eldodo, A., Osman Ali, A., & Omar Abdulkadir, A. (2020). the Practices of Islamic Social Finance in Sudan, Indonesia and Malaysia: Issues and Challenges. International Journal of Social Policy and Society, 16, 159–176.
Ascarya, & Yumanita, D. (2018a). Akses Pembiayaan Syariah bagi Usaha Mikro, Kecil, dan Menengah di Indonesia. Buletin Ekonomi Moneter Dan Perbankan, 20(2), 157–176. https://doi.org/10.21098/bemp.v20i2.XXXX
Ascarya, & Yumanita, D. (2018b). Comparing the efficiency of Islamic banks in Indonesia and Malaysia. Humanomics, 34(2), 123–145. https://doi.org/10.1108/H-12-2017-0100
Atha Zhalifunnas, Muhammad Diaz Supandi, A. D. R. (2025). STRATEGY FOR CREATING ECONOMIC STABILITY THROUGH THE OPTIMIZATION OF ISLAMIC SOCIAL FINANCE: A PROPOSAL FOR POST-CONFLICT ECONOMIC REVIVAL IN SUDAN Atha. IJEN: Indonesian Journal of Economy and Education Economy, 03(03), 313–326
Creswell, J. W., & Poth, C. N. (2023). Qualitative Inquiry and Research Design: Choosing Among Five Approaches (4th ed.). California: Sage Publications.
Deniz, P., & Stengos, T. (2025). Electricity prices through the lens of sentiments for the UN and the IMF: An asymmetric approach for Türkiye. Borsa Istanbul Review, 25(4), 756–769. https://doi.org/https://doi.org/10.1016/j.bir.2025.03.008
Fauzia, A. (2017). Faith and the State: A History of Islamic Philanthropy in Indonesia. Leiden: Brill. https://doi.org/10.1163/9789004335537
Harliandini, R., & Huda, A. M. (2025). Strategi Komunikasi Pemasaran Business To Business Perusahaan AsiaCommerce Dalam Meningkatkan Penjualan. The Commercium, 9(2), 59–69. https://doi.org/10.26740/tc.v9i2.66514
Hidayat, S. E. (2016). Islamic accounting and accountability framework. Journal of Islamic Accounting and Business Research, 7(4), 245–262. https://doi.org/10.1108/JIABR-10-2014-0036
Huda, M., Suminto, A., Sa’diah, S., & Abadi, M. K. R. (2023). Analysis The Influence of Sharia Capital Market and Sharia Macroeconomic Variables on Indonesia’s Economic Growth. Jurnal Ilmu Ekonomi Dan Bisnis Islam, 5(2 SE-Articles). https://doi.org/10.24239/jiebi.v5i2.191.113-133
Hudaefi, F. A., & Kassim, S. (2019). How does Islamic banking promote economic development? A case study of Indonesia. International Journal of Islamic and Middle Eastern Finance and Management, 12(3), 383–403. https://doi.org/10.1108/IJIF-09-2018-0098
Ilma Amelia, Yovanna Nabila Azzahra, Abda Abda, & Zul Azmi. (2024). Pemanfaatan Artificial Intelligence Dalam Akuntansi: Kajian Literatur Review. Akuntansi, 3(1), 129–140. https://doi.org/10.55606/akuntansi.v3i1.1472
Khaldun, I. (1377). Muqaddimah. Beirut, Lebanon: Muassasah Risalah.
Khurram, A., Iqbal, A., & Pappas, V. (2025). Systemic risk: new evidence from alternative financial systems. Review of Quantitative Finance and Accounting, 1–25. https://doi.org/10.1007/s11156-025-01413-5
King, B. (2018). Bank 4.0: Banking Everywhere, Never at a Bank. Singapore: Marshall Cavendish Business.
Lukito, R. (2013). Legal pluralism in Indonesian zakat practices. Asian Journal of Law and Society, 1(2), 245–267. https://doi.org/10.1007/s11562-012-0235-3
Maulana, H., Ulya, A. Z. S., Syahruddin, S., Abadi, M. K. R., Hastuti, E. W., & Harahap, S. A. R. (2025). Factors affecting investment decision in Indonesia: Mediating role of intention to invest. Jurnal Ekonomi & Keuangan Islam, 11(2 SE-Articles), 241–257. https://doi.org/10.20885/JEKI.vol11.iss2.art6
Millati, I. (2021). Zakat accounting practices and compliance in Indonesian institutions. Iqtishadia, 14(1), 75–98. https://doi.org/10.21043/iqtishadia.v14i1.10345
Mukhid, M. (2024). Islamic Social Finance: Exploring Zakat, Waqf, and Sadaqah in Economic Development. Economics Studies and Banking Journal (DEMAND), 1(2), 46–52. https://doi.org/10.62207/jk7p6661
Nishikawa, T. (2025). How did the IMF evolve into a policy advisor? Shaping the conditional lending practice. Management & Organizational History, 20(1), 11–32. https://doi.org/10.1080/17449359.2024.2409117
Okan, M., Aydin, H. M., & Barsbay, M. (2019). Current approaches to waste polymer utilization and minimization: a review. Journal of Chemical Technology & Biotechnology, 94(1), 8–21. https://doi.org/10.1002/jctb.5778
Patel, M., & Patel, N. (2019). Exploring Research Methodology. International Journal of Research and Review, 6(3), 48–55.
Pramono, S. E., & Sukoharsono, E. G. (2020). Zakat disclosure and its implications for behavioral intention. Journal of Islamic Accounting and Business Research, 11(6), 1271–1288. https://doi.org/10.1108/JIABR-04-2019-0078
Rizqina, I., Wahab, A. A., & Nuntufa, N. (2022). Analisis Eksploratif Produk Tabungan Pendidikan dalam Meningkatkan Minat Menabung pada BMT Maslahah Besuk Agung. Jurnal Kewarganegaraan, 6(2), 4538–4541.
Rudnyckyj, D. (2019). Beyond Debt: Islamic Experiments in Global Finance. Ithaca: Cornell University Press. https://doi.org/10.7591/9781501733083
Sugiyono. (2017). Metode Penelitian Kuantitatif, Kualitatif, dan R&D. Bandung: Alfabeta.
Supandi, M. D., Hidayat, N., Muhammad Adam Saifurrahman, Afthon, H., & Puspitasari, N. S. (2024). Peningkatan Ekonomi Lokal melalui Pemberdayaan Budaya Grebeg Suro Ponorogo. Jurnal Syntax Admiration, 5(2), 325–335. https://doi.org/10.46799/jsa.v5i2.992
Zakaria, N., & Muhammad, R. (2020). Shariah Governance and Assurance in Islamic Financial Institutions. Kuala Lumpur, Malaysia: Palgrave Macmillan. https://doi.org/10.1007/978-981-15-7386-9
