The Concept of Amanah in Islamic Banking and Its Responsibilities: An Overview in Islamic Economic Philosophy

Abstract

This study reviews the role of the concept of amanah in Islamic banking and how its responsibilities are reflected in Islamic economic philosophy. The concept of amanah, which focuses on trust, honesty, and integrity in fund management, became a key ethical foundation in Islamic teachings and became a key pillar in Islamic banking operations. This research investigates the influence of the concept of amanah on Islamic banking culture and practice as well as the responsibility of banks towards customers and society. The results showed that the concept of amanah is not only a business principle, but also a strong moral principle that forms a close relationship between Islamic banks and customers. This certainly creates trust,  as well as to ensure that customer funds are managed with itqan (obligations) and honesty. Islamic banks also hold social responsibility in supporting economic growth and community welfare. They play a role in empowering micro and small economic sectors and investing in social programs. However, the research also identified various challenges in implementing the concept of trust, including operational complexity, diverse regulations, and community understanding that needs to be improved. Nevertheless, the concept of amanah remains an important moral foothold in shaping Islamic banking as a guardian of moral and ethical values in the financial world. This research provides important insights into the role of Islamic banking in promoting ethics and morals in the context of Islamic economics and confirms the importance of maintaining integrity and trust in financial services.