scholarly journals Toward Theory of Islamic Pricing: Philosophy of a Just Profit Sharing Ratio of Muḍārabah Contract

2020 ◽  
Author(s):  
Kumara Kusuma ◽  
Muhamad Nafik Hadi Ryandono
Keyword(s):  
Financial Institutions ◽  
Profit Sharing ◽  
Qualitative Approach ◽  
Continuous Development ◽  
Philosophical Basis ◽  
Full Compliance ◽  
The Future ◽  
Capital Owner ◽  
Islamic Financial Institutions ◽  
Future Practice

<p>Islamic economy in Indonesia is in continuous development qualitatively and quantitatively. There are products of Islamic financial institutions which innovatively developed. However, there are findings which stated that the Islamic financial institutions in Indonesia still not in full compliance with the Shariah, especially in terms of fulfilling the justice experienced by Islamic bank’s mudarabah contract customers. The injustice is on the nisbah or ratio between the capital owner and the capital manager. There ara model or proposal to how to determine the profit sharing ratio, however, there is still none of them which dwelling on the idea of justice in profit sharing ratio. This research, using an explorative and qualitative approach contributes to the philosophical basis in determining the just profit sharing ratio. The reason for the research is since justice is one of the Islamic economy pillars in Islamic economy paradigm. By this research, it is hoped that the future practice of profit sharing ratio will be just for the actors of the Muḍārabah contract.</p>

scholarly journals Toward Theory of Islamic Pricing: Philosophy of a Just Profit Sharing Ratio of Muḍārabah Contract

2020 ◽  
Author(s):  
Kumara Kusuma ◽  
Muhamad Nafik Hadi Ryandono
Keyword(s):  
Financial Institutions ◽  
Profit Sharing ◽  
Qualitative Approach ◽  
Continuous Development ◽  
Philosophical Basis ◽  
Full Compliance ◽  
The Future ◽  
Capital Owner ◽  
Islamic Financial Institutions ◽  
Future Practice

<p>Islamic economy in Indonesia is in continuous development qualitatively and quantitatively. There are products of Islamic financial institutions which innovatively developed. However, there are findings which stated that the Islamic financial institutions in Indonesia still not in full compliance with the Shariah, especially in terms of fulfilling the justice experienced by Islamic bank’s mudarabah contract customers. The injustice is on the nisbah or ratio between the capital owner and the capital manager. There ara model or proposal to how to determine the profit sharing ratio, however, there is still none of them which dwelling on the idea of justice in profit sharing ratio. This research, using an explorative and qualitative approach contributes to the philosophical basis in determining the just profit sharing ratio. The reason for the research is since justice is one of the Islamic economy pillars in Islamic economy paradigm. By this research, it is hoped that the future practice of profit sharing ratio will be just for the actors of the Muḍārabah contract.</p>

scholarly journals Peran Lembaga Keuangan Syariah Dalam Pemberdayaan Usaha Mikro Kecil dan Menengah (Studi Kasus Bank Syariah Mandiri Kantor Cabang Lumajang)

2021 ◽  
Vol 18 (3) ◽  
pp. 392-405
Author(s):  
Maryani Maryani ◽  
Zainal Abidin
Keyword(s):  
Financial Institutions ◽  
Small And Medium Enterprises ◽  
Profit Sharing ◽  
Business Development ◽  
Qualitative Approach ◽  
Research Use ◽  
Islamic Financial Institutions ◽  
Medium Enterprises

This study aims to describe the role of Islamic financial institutions in the empowerment of micro, small and medium enterprises. This research use desciptive qualitative approach. The results of this study indicate that BSM helps UMKM business progress through financing with competitive profit sharing and supports UMKM business development through programs, such as the blessing of Ramadan with very light profit sharing, year-end programs as well as light profit sharing and also finance the renovation of business premises, procurement merchandise, and procurement of tools and facilities and infrastructure for business.

Analisis Kontrak Ijarah

2018 ◽  
Vol 4 (2) ◽  
pp. 201-213
Author(s):  
Puji Kurniawan
Keyword(s):  
Financial Institutions ◽  
Profit Sharing ◽  
Fundamental Difference ◽  
Human Needs ◽  
The People ◽  
Islamic Financial Institutions

Humans are social creatures who need each other to socialize or to fulfill their needs, such as primary, secondary and tertiary needs. In this life there are 2 (two) groups of people, namely groups of people who are overfunded and those who are underfunded. Therefore, banks and non-bank financial institutions have emerged as intermediaries between the 2 (two) groups of the people so that the balance can occur in meeting the needs of each life. In Indonesia, there are many conventional and sharia bank and non-bank financial institutions that provide financing services to meet human needs. The fundamental difference between conventional and Islamic financial institutions is the use of the interest system which is usury in conventional financial institutions and the use of profit sharing systems in Islamic financial institutions.

scholarly journals PERAN PEMBIAYAAN MURABAHAH DALAM MENINGKATKAN USAHA BATU BATA (STUDI PADA BMT AS-SALAM KANTOR KAS NGERECO KANDAT KEDIRI)

1970 ◽  
Vol 5 (1) ◽  
pp. 64-76
Author(s):  
Muh Khoirul Anam ◽  
Haris Santoso
Keyword(s):  
Financial Institutions ◽  
Case Study Research ◽  
Lower Class ◽  
Qualitative Approach ◽  
Study Research ◽  
Islamic Financial Institutions ◽  
Conventional Banks ◽  
Depth Interviews

Financial institutions are currently needed by all people because financial institutions are considered to be quicker in providing business capital loans. Previously, conventional banks were the only financial institutions operating in the financial sector or loans to the community before Islamic financial institutions, now with the development of financial institutions sharia society mostly prefers sharia finance rather than conventional, plus BMT which operates in the middle to lower class, this is what causes many people to take Islamic financial institutions because they prioritize family systems, so this study focuses on: 1). How is the application of murabahah financing at BMT As-Salam to brick businesses in the Ngreco Kandat Kediri village, 2). What is the role of murabahah financing at BMT As-Salam towards brick business in the Ngreco Kandat Kediri village, 3). How did the brick business increase in the Kandat Kediri Ngreco village after obtaining murabahah financing at BMT As-Salam. Research on the role of murabahah financing in brick business uses a descriptive qualitative approach with a type of case study research that refers to the interpretive postpositivistic thinking paradigm. The technique of collecting data is in-depth interviews, observation and documentation. The results of this study indicate that the application of murabahah financing at BMT As-Salam is very different where loans for business capital of bricks that should use mudharabah or musyarakah at BMT These salads use murabaha. Besides that the role of BMT As-Salam is very influential on brick business and before BMT As-Salam arrived, brick entrepreneurs still had difficulty finding capital to improve their business but after taking murabahah financing at BMT As-Salam, their efforts experienced an increase and prosperity life.

scholarly journals Sukuk (Obligasi Syariah) dalam Perspektif Keuangan Islam

2019 ◽  
Vol 5 (2) ◽  
pp. 165-179
Author(s):  
Maula Nasrifah
Keyword(s):  
Financial Institutions ◽  
Capital Market ◽  
Revenue Sharing ◽  
Profit Sharing ◽  
Mutual Respect ◽  
For Profit ◽  
Private Placement ◽  
Proof Of Ownership ◽  
Maturity Date ◽  
The Future

Islam strongly encourages investment so that possessions can be productive and bring benefits in the future, of course, using a good and right way, which is in accordance with Islamic sharia, like mutual respect and does not harm others. The type of investment can be varied, we can invest through the capital market, one of which is sukuk. Sukuk are securities that are proof of ownership (claim) on assets, whether in the form of tangible, intangible or project contracts from certain activities that require the issuer to pay revenue-sharing to the Sukuk holders and pay back the Sukuk in maturity date. The principle in Sukuk transactions is in the form of emphasis on fair agreements, recommendations for profit sharing systems. In Sukuk transaction, a number of certain assets are needed which to used as the basis for conducting transactions using a contract based on sharia principles. The types of Sukuk in terms of Sukuk Ijarah, Sukuk Mudharabah, Sukuk Musyarakah, Sukuk Istishna’ with the method of issuing in bookbuilding, auction methods and private placement. In sukuk transactions there is a requirement for Underlying Assets as well as activities or processes which have been based in accordance with sharia. This shows that investing with sukuk is not worrying for investors who want to transact with sharia financial institutions. Keywords: Investing, Transaction, Sukuk

scholarly journals Does Islamic Microfinance indeed base on Sharia-compliant? The Shreds of Evidence Report in Ogan Komering Ilir regency, South Sumatera, Indonesia

2021 ◽  
Vol 5 (2) ◽  
pp. 181-188
Author(s):  
Misbahul Munir ◽  
Resa Arifatul Arifah ◽  
Kharisma Dewi
Keyword(s):  
Financial Institutions ◽  
Rapid Development ◽  
Tourism Development ◽  
Field Studies ◽  
Qualitative Approach ◽  
Microfinance Institutions ◽  
Islamic Financial Institutions ◽  
Islamic Microfinance ◽  
Islamic Values ◽  
Over Time

The development of Islamic economics and finance in Indonesia in the last few decades has experienced significant developments. It can be seen in the increasing number of sharia businesses in various sectors. From financial institutions, both bank and non-bank financial institutions, Islamic capital markets, sharia bonds (Sukuk) to tourism development managed in a sharia manner. Over time, this rapid development must also be balanced with compliance with sharia values. This study aims to assess Islamic microfinance institutions (BMT) in implementing sharia principles in their products. The product studied in this study is Murabahah. This research uses a qualitative approach with field studies. The results of this study, the BMT studied in this study in general, have implemented sharia values. The implication of this research is to strengthen the compliance of Islamic financial institutions in implementing Islamic values. This research can also be used as a reference by related parties, especially in developing Islamic financial institutions.

scholarly journals Sejarah Perkembangan Akuntansi Syariah; Tinjauan Literatur Islam

2020 ◽  
Vol 4 (2) ◽  
pp. 69
Author(s):  
Zuwardi MA ◽  
Hardiansyah Padli
Keyword(s):  
Content Analysis ◽  
Financial Institutions ◽  
Golden Age ◽  
Qualitative Approach ◽  
Present Practice ◽  
Islamic Financial Institutions ◽  
Historical Basis ◽  
The Times ◽  
Islamic Literature

This study aims to examine the development of Islamic accounting since the issuance of the letter al baqoroh 282 to the present practice of Islamic financial institutions. A qualitative approach with content analysis in Islamic literature is carried out to describe the historical portrait of Islamic accounting. the result is the development of accounting in the Islamic era along with the trade culture of the Arab nation, which is increasingly developing with the concept of accountability in Islam and increasingly has many variants according to the times. This research also proves that the current sharia accounting practices do not copy western accounting but have a scientific historical basis in practice in the golden age of Islam.

scholarly journals Optimizing the Mawah Concept for the Economy of the Aceh Community

2020 ◽  
Vol 9 (2) ◽  
pp. 169
Author(s):  
Mukhtasar Mukhtasar ◽  
Angga Syahputra
Keyword(s):  
Literature Review ◽  
Financial Institutions ◽  
Animal Husbandry ◽  
Profit Sharing ◽  
Daily Activities ◽  
Natural Object ◽  
The People ◽  
Islamic Financial Institutions ◽  
Conducting Research ◽  
Two Sides

Islam and Aceh are inseparable like two sides of a coin. The Serambi Makkah Country  in daily activities of its people is closely related to Islamic sharia, including muamalah activities. Long before the existence of Islamic financial institutions in Indonesia, the people of Aceh had implemented cooperation in the field of muamalah as well as the mudharabah concept in Islamic financial institutions, known as mawah. Mawah is a concept of cooperation between capital owners and managers with a profit sharing system. But the concept of mawah is still limited to cooperation in agriculture and animal husbandry, so it is necessary to develop efforts in other spheres to be able to sustain the economy of the people of Aceh, as Denmark successfully developed this concept. This study uses qualitative methods by conducting research on natural object conditions, and is supported by a literature review. The results of the study revealed the need for government intervention in developing this concept in order to be optimal in developing the economy of the people of Aceh.

scholarly journals TINJAUAN FIQH MUAMALAH TERHADAP PRAKTIK KERJASAMA BANK SAMPAH DI DESA CANDIMULYO KEC. DOLOPO KAB. MADIUN

2020 ◽  
Vol 14 (02) ◽  
pp. 160-179
Author(s):  
Roisul Malik
Keyword(s):  
Venture Capital ◽  
Financial Institutions ◽  
Profit Sharing ◽  
Factual Information ◽  
Research Results ◽  
Islamic Financial Institutions ◽  
Conducting Research ◽  
Waste Bank

In general, a bank is a place where we can do various kinds of transactions such as withdrawal, borrowing, and depositing money. But the object used as a transaction tool here is not something as valuable as money, but garbage. So, people who want to become customers of this bank do not need to have assets or something that is valuable (either money or other valuables), simply by owning trash, then they can become customers. In Islam, this form of cooperation is one form of cooperation in the economic field that is a form of giving assets from one person to another as venture capital where the profits obtained will be divided between the two of them in accordance with the agreement. The purpose of this study was to examine the muamalat contract which was applied by a garbage bank in Madiun Regency. Factual information obtained from Bank Sampah "Srikandi" of Candimulyo Village is related to the practice of saving related to the contract and profit sharing implemented by the manager of the garbage bank. By using Muamalah Fiqh in conducting research, then evaluating with various theories relating to the main problem in this research, obtained research results: there are waste bank products such as savings systems, profit sharing cooperation, and various transactions that are in accordance with all contracts. Based on these factors then garbage bank becomes halal for transactions and is eligible to become one of the Islamic Financial Institutions.

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