DINAMIKA IMPLEMENTASI PRINSIP MUDHARABAH PADA PEMBIAYAAN UMKM DI BANK SYARIAH (STUDI FENOMENOLOGI DI KAB. CIREBON)
This study aims to understand in depth the dynamics of the implementation of the mudharabah principle in MSME financing by Sharia Banks in Cirebon Regency. The main problem found is the gap between banks' theoretical understanding of mudharabah contracts and real practices in the field, as well as the low literacy of MSMEs towards sharia products. This study uses a qualitative approach of interpretive phenomenology with in-depth interviews, observations, and documentation methods as data collection instruments. The research informants consisted of Sharia Banks (managers, analysts, account officers) and MSME actors who received mudharabah financing, which were selected by purposive sampling. Data analysis uses the Interpretative Phenomenological Analysis (IPA) approach, with data validity through triangulation methods and member checking. This study found several important themes, including the competence of bank human resources, MSME financial literacy, support for local government regulations, as well as obstacles in the form of low literacy of MSME sharia products, mismatch of expectations in the sharing of results, business risks, and communication challenges between parties. The conclusion of the study shows that the implementation of mudharabah in Cirebon Regency in general has gone well, but it is not optimal. For this reason, strategic efforts are needed in the form of education and assistance for MSMEs as well as improving the competence of bank human resources so that the implementation of mudharabah contracts can be more effective and sustainable.