Model Pengelolaan Dana Pensiun Berbasis Syariah: Tantangan dan Peluang di Industri Keuangan Non-Bank

Abstract

This study employs a library research approach with a descriptive method to analyze the literature related to the challenges and opportunities in the management model of sharia-based pension funds. The findings indicate that product innovation, regulatory support, and public awareness of halal investment are key to the successful development of the non-bank Islamic financial industry, including sharia-based pension funds. The shift from conventional financial services to financing based on Islamic principles has progressed rapidly in Indonesia, reflecting the integration of Islamic principles into the country's economic structure, substance, and culture. The Islamic financial system is governed by the values of the Qur'an and Hadith, emphasizing moral aspects, justice, and monotheism to achieve material and spiritual well-being (*falah*). A significant implementation of these principles is found in the Islamic financial sector, which encompasses banking, capital markets, and non-bank financial industries such as sharia pension funds. Sharia pension funds, as part of the non-bank financial industry, hold significant potential to support the welfare of individuals post-retirement, despite challenges such as low sharia financial literacy and limited halal investment instruments. However, substantial opportunities exist due to the growing Muslim population, technological innovation, and increasing public awareness of the importance of halal investment.