Risk Management Based on Lā Ḍarar wa Lā Ḍirār in Sharia Home Financing

Authors

  • Kurnaemi Anita Institut Agama Islam STIBA Makassar, Indonesia
  • Wahyuddin Abdullah Program Studi Akuntasi, Fakultas Ekonomi dan Bisnis Islam, Universitas Islam Negeri Alauddin Makassar, Indonesia
  • Sumarlin Sumarlin Program Studi Akuntasi, Fakultas Ekonomi dan Bisnis Islam, Universitas Islam Negeri Alauddin Makassar, Indonesia

DOI:

https://doi.org/10.36701/f7bnyz04

Keywords:

Risk Management, Sharia Property Developers, Lā Ḍarar wa lā Ḍirār

Abstract

This study aims to analyze and elaborate on the concept of risk management based on lā ḍarar wa lā ḍirār in Sharia Home Financing at PT Wahana Persada Indonesia, one of the Sharia Property Developers. The research employs a qualitative method with a grounded theory methodology approach. Data were collected through in-depth interviews with relevant organizational stakeholders, observations, and document analysis. The findings reveal that the risk management concept implemented by PT Wahana Persada Indonesia involves a step-by-step process comprising risk qualification, risk identification, and risk control as part of the application of lā ḍarar wa lā ḍirār. Risk management strategies are conducted within the framework of Islamic legal maxims (qawā‘id fiqhiyyah) and are constructed into two derived principles, namely al-ḍarar yudfa‘ bi qadri al-imkān (harm should be removed as much as possible) and al-ḍarar yuzāl (harm must be eliminated), which serve as analytical tools. The findings of this study can serve as input for risk management regulations in Islamic financial institutions or other Sharia-compliant developers by integrating risk management strategies with Sharia values.

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Author Biography

  • Wahyuddin Abdullah, Program Studi Akuntasi, Fakultas Ekonomi dan Bisnis Islam, Universitas Islam Negeri Alauddin Makassar, Indonesia

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Published

2025-12-12

How to Cite

Kurnaemi Anita, Wahyuddin Abdullah, & Sumarlin, S. (2025). Risk Management Based on Lā Ḍarar wa Lā Ḍirār in Sharia Home Financing. NUKHBATUL ’ULUM: Jurnal Bidang Kajian Islam, 11(2), 156-174. https://doi.org/10.36701/f7bnyz04