Kajian Literatur: Analisis Efektivitas Asuransi Syariah sebagai Alternatif Asuransi Konvensional
DOI:
https://doi.org/10.61722/jaem.v3i2.10788Keywords:
Islamic Insurance, Conventional Insurance, Effectiveness, Risk Sharing, Islamic Financial LiteracyAbstract
The development of Islamic insurance in Indonesia has shown significant growth; however, its market share remains relatively smaller than that of conventional insurance. This condition is influenced by low public literacy, limited product innovation, and the dominance of conventional insurance, which is more widely recognized. This study aims to analyze the effectiveness of Islamic insurance as an alternative to conventional insurance in terms of Sharia principles, fund management mechanisms, protection benefits, and public trust. The study employs a qualitative method using a library research approach by collecting data from books, scientific journals, research articles, regulations, and DSN-MUI fatwas relevant to the topic. Data were analyzed using descriptive qualitative analysis. The findings indicate that Islamic insurance is highly effective as an alternative to conventional insurance due to its implementation of risk-sharing principles, Sharia-compliant contracts, transparent fund management, and the absence of riba, gharar, and maysir elements. Furthermore, increasing public religiosity has contributed to greater trust in Islamic insurance products. The study implies that enhancing Islamic financial literacy, product innovation, digital transformation, and regulatory support are essential to strengthen the competitiveness and sustainable development of the Islamic insurance industry in Indonesia.
References
Abdul Razak, S. H., Shawtari, F. A., & Elsalem, B. A. (2021). Ownership type, business model, market structure, and the performance of Takaful and conventional insurance companies in Malaysia. Cogent Economics and Finance, 9(1). https://doi.org/10.1080/23322039.2021.1888436
Ahnaf, A., & Mardian, S. (2025). The Roles of Financial Literacy Level, Social Media, and Religiosity in Takaful Purchase Intention. International Journal of Entrepreneurship and Sustainability Studies, 5(1), 1–18. https://doi.org/10.31098/ijeass.v5i1.3061
Alam, A., Fianto, B. A., Ratnasari, R. T., Ahmi, A., & Handayani, F. P. (2023). History and Development of Takaful Research: A Bibliometric Review. SAGE Open, 13(3), 1–20. https://doi.org/10.1177/21582440231184852
Al-Amri, K., Cummins, J. D., & Weiss, M. A. (2021). Economies of scope, organizational form, and insolvency risk: Evidence from the takaful industry. Journal of International Financial Markets, Institutions and Money, 70, 101259
Ali, N. A., & Markom, R. (2021). Shariah Compliance on Retakaful in Malaysia. Diponegoro Law Review, 6(1), 1–16. https://doi.org/10.14710/dilrev.6.1.2021.1-16
Aulia, N. N., Irvani, A. D., Pikriyyah, N. K., Arasyid, F. A., Joni, & Fauziah, R. (2024). Praktik general insurance dalam perspektif syariah: Model eliminasi riba dan kontrak bathil melalui akad wakalah bil ujrah. Jurnal Ekonomi Manajemen dan Bisnis, 3(2). https://doi.org/10.62017/jemb.v3i2.5929
Chaniago, A., Soemitra, A., & Rahmani, N. A. B. (2024). Strategi Meningkatkan Kualitas Agen Dalam Memperkuat Pangsa Pasar Asuransi Syariah Di Indonesia : Systematic Literatur Riview. Madania: Jurnal Ilmu-Ilmu Keislaman, 14(2), 158. https://doi.org/10.24014/jiik.v14i2.33186
Devi, A. (2024). Study on Shariah Issues of Tabarru’ and Underwriting Surplus in Takaful. Maqasid Al-Shariah Review, 2(2). https://doi.org/10.58968/msr.v2i2.383
Dwianasari, F., Saputra, H. A., Mujaliza, N., Natasya, S., & Marcelino, W. (2025). Kajian literatur tentang efektivitas asuransi syariah sebagai alternatif konvensional di Indonesia. Jurnal Akuntansi, Keuangan, Perpajakan dan Tata Kelola Perusahaan, 3(2).
Efendi, Y. P., & Wijayanti, A. (2025). The Role of Religiosity in Moderating the Decision To Use Sharia-Compliant Insurance Services. Jurnal Ekonomi Syariah Teori Dan Terapan, 12(4), 472–491. https://doi.org/10.20473/vol12iss20254pp472-491.
Fadlan, H., Faturahman, H., Renaldi, M., Pamungkas, S., Joni, J., & Fauziah, R. (2025). Perusahaan asuransi syariah di Indonesia dan pasar asuransi syariah. Jurnal Ekonomi Manajemen dan Bisnis (JEMB), 3(2), 397–403.
Fitriani, D., & Nisa, F. L. (2024). Analisis Praktek Larangan Maysir, Gharar, Dan Riba Dalam Asuransi Syariah di Indonesia. 1(3), 181–190.
Indah Tri Sari Harahap, Keisya Putri Balqis, Wahyudin, & Maryam Batubara. (2025). Efektivitas Roadmap Pasar Modal Syariah OJK 2020–2024 dalam Meningkatkan Literasi dan Inklusi Keuangan Syariah di Indonesia. Jurnal Ilmiah Manajemen, Bisnis Dan Kewirausahaan, 5(3), 426–440. https://doi.org/10.55606/jurimbik.v5i3.1371
Khan, A., Hassan, M. K., Paltrinieri, A., Dreassi, A., & Bahoo, S. (2020). A bibliometric review of takaful literature. International Review of Economics & Finance, 69, 389-405
Lubis, I. H. (2024). Studi Komparatif antara Asuransi Syariah dengan Asuransi Konvensional. Jurnal Islam, 4(1), 1–23.
Maf’ula Faricha, M. D. A. (2022). Islamic Insurance in Indonesia : Opportunities and Challenges on. Journal of Islamic Economic Laws, 5(1), 116–138.
Maulana Anwar, Raden Arfan Rifqiawan, Amir Tajrid, Supangat Supangat, & Sahidin Sahidin. (2024). Enhancing Public Knowledge of Sharia Insurance Products in Indonesia Through Effective Management Strategies. Akubis : Jurnal Akuntansi Dan Bisnis, 9(2), 01–13. https://doi.org/10.37832/akubis.v9i2.68
Nasir A, Farooq U, Khan A (2021), "Conceptual and influential structure of Takaful literature: a bibliometric review". International Journal of Islamic and Middle Eastern Finance and Management, Vol. 14 No. 3 pp. 599–624, doi: https://doi.org/10.1108/IMEFM-04-2020-0192
Nurohman, D. (2022). Religiosity or Income? Factors Driving Customer Buying Interest in Islamic Insurance Products. Shirkah: Journal of Economics and Business, 7(3), 286–301. https://doi.org/10.22515/shirkah.v7i3.474
Poan, R., Merizka, V. E., & Komalasari, F. (2021). The importance of trust factor in the intentions to purchase Islamic insurance (takaful) in Indonesia. Journal of Islamic Marketing, 13(12), 2630–2648.
Pramudya, R. M., & Rahmi, M. (2022). Pengaruh Literasi Asuransi, Religiusitas, dan Kualitas Pelayanan terhadap Minat Generasi Milenial Menggunakan Asuransi Syariah. Journal of Islamic Economics and Finance Studies, 3(1), 70. https://doi.org/10.47700/jiefes.v3i1.4350
Radianti, A., Rahmani, N. A. B., & Syarbaini, A. M. B. (2023). The influence of religiosity, service, and premium rates on customer satisfaction through the sharia insurance decision as an intervening variable at Askrida Syariah Insurance Company Medan Branch. Journal of Islamic Economics Lariba, 9(1), 221–238.
Rahmadhani, L., Ramadhan, M., & Rahmani, N. A. B. (2024). Risk Analysis and Sustainability of Sharia Insurance in Facing the Challenges of the Digital Era. Quantitative Economics and Management Studies, 5(5), 1114–1122. https://doi.org/10.35877/454ri.qems2912
Rizma, & Marzuki, I. (2025). Mekanisme Manajemen Dana Tabarru’ pada Industri Asuransi dan Reasuransi Syariah dalam Bingkai Fatwa DSN-MUI No. 53/2006. 9(1), 92–108.
Rizqa, A. A. (2023). Enhancing Mutual Assistance: An Analysis of Sharia Insurance Fund Separation in Comparison to Conventional Insurance. JEKSYAH Islamic Economics Journal, 3(02), 102–113. https://doi.org/10.54045/jeksyah.v3i02.878
Rohmah, R., & Filianti, D. (2020). Determinan Surplus Underwriting Dana Tabarru’ Pada Asuransi Jiwa Syariah Di Indonesia. Jurnal Ekonomi Syariah Teori Dan Terapan, 7(10), 2004. https://doi.org/10.20473/vol7iss202010pp2004-2019
Rohmah, S., & Habibi, M. L. (2025). Analisis perkembangan dan tantangan fintech syariah di Indonesia dalam meningkatkan inklusi keuangan dan literasi keuangan. ISTIKHLAF: Jurnal Ekonomi, Perbankan dan Manajemen Syariah, 7(2). https://doi.org/10.51311/istikhlaf.v7i2.1149
Seltina, I., & Sah, I. (2024). Pengaruh literasi keuangan dan inklusi keuangan pada sektor asuransi syariah. Musytari: Jurnal Manajemen, Akuntansi, dan Ekonomi, 5(9), 148–158
Shiddiq, N. N. A., & Mukhsin, M. (2025). Strategi Pengembangan Asuransi Syariah dalam Menghadapi Tantangan Pasar Global. Jurnal Bisnis, Ekonomi Syariah, Dan Pajak, 2(1), 31–38.
Wibowo, I. A., & Rohman, I. K. (2024). Number of Sharia Insurance Companies in Indonesia Year 2022. 12(1), 195–209.
Wulandari, E. P., Sari, N. S., & Sapri. (2025). Problematika dan Tantangan Pengembangan Asuransi Syariah di Indonesia. Syarikat : Jurnal Rumpun Ekonomi Syariah, 8(1), 138–148.
Yanti. (2024). Pengaruh Literasi Keuangan Syari ’ ah , Religiusitas Terhadap Minat Generasi Z Menggunakan Asuransi Syari ’ ah The Influence Of Shari ’ ah Financial Literacy , Religius On Generation Z ’ s Interest In Using Shari ’ ah Insurance. Jurnal Ekonomi Syariah Dan Bisnis, 7(November), 257–268.
Zainarti, H. K. (2025). Perkembangan dan Potensi Asuransi Syariah di Indonesia. Jurnal Ilmiah Ekonomi Dan Manajemen, 3(2), 39–49.
