RULES FOR GRANTING OF QARD AL-HASAN AS AN ISLAMIC FINANCIAL INSTRUMENT

2021 ◽  
Vol 2 (7) ◽  
pp. 75-79
Author(s):  
Sh. A. SHOVKHALOV ◽  
Keyword(s):  
Islamic Law ◽  
Frequent Occurrence ◽  
Practical Significance ◽  
Financial Instrument ◽  
Additional Charges ◽  
Theoretical Developments ◽  
Legal Entities

In Russian practice, the granting of a loan is a frequent occurrence. However, the accrual of interest is contrary to Islamic law, which limits its use by Muslim entrepreneurs. Moreover, even in the absence of additional charges, there are many nuances associated with the topic under study. The purpose of this article is to identify specific rules for granting qard al-hasan to legal entities and individuals in the Russian legal field. The practical significance of this work lies in the possibility of applying theoretical developments in the activities of socially oriented financial organizations.

scholarly journals Kerangka Yuridis Kepatuhan Syariah dalam Operasional Perbankan Syariah di Indonesia

2017 ◽  
Vol 7 (1) ◽  
pp. 188-222
Author(s):  
Ja'far Baehaqi
Keyword(s):  
Legal History ◽  
Islamic Law ◽  
Institutional Development ◽  
Legal Framework ◽  
Business Activity ◽  
Legal Compliance ◽  
Liquidity Management ◽  
Financial Instrument

Abstract: This article discusses several aspects of sharia compliance framework in the operational of sharia banking in Indonesia. The aspects are institutional, banking products, liquidity management and financial instrument. From the perspective of legal history, it is discovered that sharia legal compliance evolved from speculative and simplistic to articulate and perfectionist. Institutionally, the arrangement is oriented on structural strengthening and display of sharia identity. There is a tension between the aspiration of institutional development and the decrease of sharia compliance into certain degrees. From the aspect of business activity, sharia compliance is comprehensive by formulating Islamic law which is a reference and transforms it to legal framework as well as elaborates supervisory institution. As to liquidity management and financial instrument, instruments which is compatible with sharia character is elaborated. Abstrak: Artikel ini membahas tentang kerangka yuridis kepatuhan syariah dalam operasional perbankan syariah di Indonesia dari beberapa aspek, yaitu kelembagaan, kegiatan usaha dan pengelolaan likuiditas serta instrumen keuangan. Dengan pendekatan sejarah perundang-undangan ditemukan bahwa kerangka yuridis kepatuhan syariah mengalami perkembangan dari semula bersifat spekulatif dan simplistik menjadi bersifat artikulatif dan perfeksionis. Secara kelembagaan, pengaturan diorientasikan kepada penguatan struktur dan penampilan identitas kesyariahan. Di sini terdapat ketegangan antara tujuan pengembangan kelembagaan dan penurunan tingkat kepatuhan syariah hingga derajat tertentu. Dalam aspek kegiatan usaha, kepatuhan syariah telah komprehensif dengan memformulasikan hukum Islam yang menjadi acuan dan mentransformasikannya menjadi bagian peraturan perundang-undangan, serta mengelaborasi lembaga pengawasan. Sedangkan dalam aspek pengelolaan likuiditas dan instrumen keuangan, telah dielaborasi instrumen-instrumen yang kompatibel dengan karakter kesyariahan bank syariah.

scholarly journals ON THE PRACTICAL SIGNIFICANCE OF RESEARCH, MADE BY SCIENTIFIC COMMUNITY OF BORDERING STATES

2020 ◽  
Vol 8 (1) ◽  
pp. 16-20
Author(s):  
Yury Kharmaev
Keyword(s):  
Host Country ◽  
Scientific Community ◽  
Fundamental Rights ◽  
Practical Significance ◽  
Fundamental Freedoms ◽  
Science Community ◽  
The Subject ◽  
Fundamental Rights And Freedoms ◽  
First Time ◽  
Theoretical Developments

The article is devoted to the researches analysis held by the scientific community of neighboring states, which are of a practical assistance to foreign citizens while visiting neighboring territories. As the subject of the study, conceptual issues of protecting the fundamental rights and freedoms of foreign citizens in the host country were selected (for example, Russia and Mongolia). Dialectic approach was used when disclosing the research’s general theme, the following methods were used: formal-logical, comparative-legal, sociological. It is well determined that joint science researches made by the science community representatives of bordering states correspond to the requirements of the time and find receptive audience and support by citizens of the neighboring states in the context of rights and fundamental freedoms protection. The aforementioned concept for the first time considers the intersectoral principle of protecting the rights and freedoms of foreign citizens in the host country. The prepared theoretical developments and recommendations in the form of memos, booklets, brochures in different languages reflect the specifics of different industries, such as civil, administrative, constitutional, criminal law, etc.

Legal Regulation of the Non-Entrepreneurial Legal Entities’ Status: Foreign Experience

2019 ◽  
Vol 9 (5) ◽  
pp. 1806
Author(s):  
Alla V. ZELISKO ◽  
Olga I. ZOZULIAK ◽  
Liliana V. SISHCHUK
Keyword(s):  
Comparative Method ◽  
Legal Regulation ◽  
International Experience ◽  
Practical Significance ◽  
Positive Experience ◽  
University Teachers ◽  
Foreign Experience ◽  
Foreign Countries ◽  
The University ◽  
Legal Entities

The relevance of the study is due to the fact that the implementation of the task of improving private-law regulation of relations with the participation of non-entrepreneurial legal entities is possible only on the basis of the international experience of the operation of the legal institute. In this context, this article aims to analyze the positive experience of regulating non-entrepreneurial legal entities under the legislation of leading foreign countries. Leading approach to the study of this problem is the comparative method that has afforded revealing peculiarities of regulation of legal entities under consideration within Ukraine and foreign countries. In the article the suggestions for improving the legislation of Ukraine are presented on the basis of foreign experience. The materials of the paper imply the practical significance for the university teachers of the legal specializations.

Communal Legal Entities in a Muslim Setting Theory and Practice:

1996 ◽  
Vol 3 (1) ◽  
pp. 75-90 ◽  
Author(s):  
Amnon Cohen
Keyword(s):  
Sixteenth Century ◽  
Jewish Community ◽  
Islamic Law ◽  
Theory And Practice ◽  
Legal Entity ◽  
Legal Fiction ◽  
Setting Theory ◽  
Do So ◽  
Legal Entities

AbstractAlthough there is no term or concept in Islamic law that signifies a communal legal entity, traditional Muslim societies contained several communal entities, such as the Ṭāʾifa or “community”. Such an entity manifests itself in several documents from the sijill of sixteenth-century Jerusalem that deal with relations between the Jewish community and Muslim authorities. For example, when the Jews of Jerusalem attempted to lease a plot for their cemetery, they could not do so as a community, for no such legal entity existed. For this reason, they designated three individuals in whose name the lease was issued, perhaps in an effort to bridge the gap between theory and practice. This was not a mere legal fiction (ḥīla), for when Muslim waqf authorities subsequently determined that one of the three lessees had died, it declared one-third of the lease to be null and void. The Jewish community never challenged this ruling. As demonstrated in this article, the Jewish community applied the same stratagem to other financial matters.

scholarly journals CORPORATE LAW AND CORPORATE CULTURE AS A MEANS OF INFLUENCING EFFICIENCY

2020 ◽  
Vol 1(13) ◽  
pp. 97-103
Author(s):  
Oksana Korolovich ◽  
◽  
Maryna Resler ◽  
Vasyl Pihosh ◽  
◽  
...  
Keyword(s):  
Corporate Culture ◽  
Positive Impact ◽  
Basic Result ◽  
Practical Experience ◽  
Corporate Law ◽  
Practical Significance ◽  
Culture Form ◽  
Basic Principles ◽  
Corporate Rights ◽  
Legal Entities

Corporate law and corporate culture are a set of means of multidirectional influence on the efficiency of corporate legal entities, using the means of generating the effects of influence on efficiency in general, affecting specific numerical indicators of activity. In addition, corporate law regulates the relations that may arise during the creation, implementation and termination of economic activity, determines the means, forms and structure of the organization. The purpose of the article is to determine the features and basic principles by which corporate law and corporate culture form models of behavior that help achieve goals and optimize certain processes in the activities of corporate legal entities. The research methodology is based on the methods of logical analysis. In addition, the study used the method of critical analysis of scientific literature and practical experience. The results of the study allowed us to consider corporate culture and corporate law as specific means of modeling staff behavior or management. They are such tools that form a scientific novelty and allow to achieve such an image of staff interaction that is acceptable for the efficiency of corporate legal entities. This is especially true because corporate rights are subjective in nature and arise within a specific relationship based on objective law. The basic result that forms the novelty was the structuring of corporate culture and corporate law, which is implemented in terms of: model basis, which determines the features and basic principles of influencing the behavior of staff; patterns of behavior in the organization, which determine the internal environment, where each employee invests in a common goal (efficiency of the enterprise). The study of the model basis of corporate culture and corporate law, models of behavior in the organization allowed to outline the basic principles by which they positively affect the efficiency of corporate legal entities. The selected principles of corporate culture and corporate law provide a positive impact on the efficiency of corporate legal entities, only if the formation of clan or adhocratic types of corporate culture. The practical significance of the study is to identify elements for software development that will help corporate entities to involve employees in work processes, as well as to create and strengthen corporate culture. Keywords: corporate culture; corporate law; efficiency; corporate entity; personnel model or type of behavior

scholarly journals RELEVANCE OF LEGAL ENTITY BAIT AT-TAMWIL (BT) BASED SYIRKAH FOR ISLAMIC BANK

2017 ◽  
Vol 96 ◽  
Author(s):  
Burhanuddin Harahap . . ◽  
Luthfiyah Trini Hastuti . . ◽  
Solikhah . .
Keyword(s):  
Islamic Law ◽  
Limited Liability ◽  
Primary Data ◽  
Islamic Banks ◽  
Limited Liability Company ◽  
Group Discussions ◽  
Legal Entity ◽  
Islamic Financial Institutions ◽  
Legal Identification ◽  
Legal Entities

This study seeks to study the problems of incompatibility entities which exist in Indonesia.It is not compatible to the existing Islamic financial institutions in Indonesia because of differing philosophies. The problem studied is the barriers faced by Islamic banks regarding the necessity of Islamic banks incorporated limited liability company and the relevance of the legal entity Bait at-tamwil (BT) based syirkah for Islamic banks. Research methods used is an empirical law. It consists of research the legal identification and research on the effectiveness of the law.The type of data are primary data and secondary data.The collection methods with interviews, focus group discussions and literature.Techniques of data analysis in this research use the model interLawive analysis. The results showed that legal entity of the Limited Liability Company for Islamic banks are not suitable to meet the demands as stipulated in Islamic law. The Lawivities of Islamic banks are to meet the demands of sharia standards.Legal entity must be based on Islamic principles.It is not based on the principles of western culture where come from seculer perspective, limited liability company, individual, liberal and capital. Therefore the concept of a legal entity Bait at- Tamwil is very relevant to be legal entities Islamic banks which Islamic banks are really<br />syar'i.<br /><br />Keywords: legal entities, bait at-tamwil, Islamic banks

scholarly journals Methodological Bases Of Islamic Insurance

2021 ◽  
Vol 03 (06) ◽  
pp. 154-158
Author(s):  
Umidjon G'ayratjonovich Imomov ◽  
Keyword(s):  
Islamic Law ◽  
Banking Services ◽  
Islamic Bank ◽  
Bank Accounts ◽  
Islamic Insurance ◽  
Commercial Organization ◽  
The Given ◽  
Legal Entities

This article discusses in detail the methodological foundations of Islamic insurance. An Islamic bank is “a commercial organization that opens and maintains bank accounts in accordance with Islamic law, makes payments, raises funds for deposits, finances individuals and legal entities, and provides other banking services”. Sharia (Islamic law) requires these transactions to be legal. That is, permission from the Shari’ah production projects that are safe for the given society finances and pays or receives interest on any transactions prohibits.

scholarly journals Al-Insijam Baina Al-‘Urf Wa Al- Sharī‘ah Al-Islāmiyyah fi Taqlīd Ngarunghal Bi-Majalengka

2021 ◽  
Vol 21 (1) ◽  
Author(s):  
Muhammad Taufiki ◽  
Badriyah Badriyah
Keyword(s):  
Qualitative Research ◽  
Research Methods ◽  
Islamic Law ◽  
Research Data ◽  
Qualitative Research Methods ◽  
Research Show ◽  
Legal Entities

Harmonization of shari’a and tradition which are two different legal entities is highly to look forward. Especially in Indonesia as a plural legal country that has a diversity of tribes, tradition and cultures. This paper tries to describe one of the harmonization of Islamic law and tradition that occur in Majalengka using qualitative research methods with the Islamic law approach that occurs in ngarunghal tradition, including the pelangkah present. The harmonization of the differences between tradition and shari’a can be a new configuration that can continue to be preserved in Indonesia. The research data was obtained from interviews and previous researches. The results of this research show that shari’a accepts the wealth of indigenous entities, and also the tradition accepts the principle of Islam as an effort to reconstruct traditions in line with shari’a. Abstrak:Harmonisasi hukum Islam dan  adat yang merupakan dua entitas hukum berbeda sangat dinantikan, terutama di Indonesia sebagai negara hukum plural yang memiliki keberagaman suku bangsan, adat,  dan budaya. Penelitian ini mendeskripsikan harmonisasi hukum Islam  dan adat  yang terjadi di wilayah Majalengka, Jawa Barat. Dengan  menggunakan metode penelitian kualitatif dan  pendekatan kajian hukum Islam, penelitian ini mengungkapkan rangkaian adat ngarunghal, termasuk di dalamnya pemberian pelangkah. Data penelitian diperoleh dari hasil wawancara dan penelitian-penelitian terdahulu. Hasil  penelitian ini menunjukkan bahwa hukum Islam menerima kekayaan entitas adat, dan adat juga menerima prinsip Islam sebagai upaya rekonstruksi adat sejalan dengan ajaran Islam. Hasil harmonisasi dari perbedaan kedua entitas dalam permasalahan tersebut dapat menjadi bentuk kekayaan Islam Indonesia yang dapat terus dilestarikan.  

scholarly journals Pertanggungjawaban Korporasi dalam Tindak Pidana ‎Pencucian Uang menurut Hukum Islam

2016 ◽  
Vol 2 (2) ◽  
pp. 385-407
Author(s):  
Renata Amalia
Keyword(s):  
Money Laundering ◽  
Criminal Law ◽  
Corporate Responsibility ◽  
Islamic Law ◽  
Criminal Liability ◽  
Legal Action ◽  
Legal Entity ◽  
Article 5 ◽  
Corporate Criminal Liability ◽  
Legal Entities

Abstract: This article highlights a corporate responsibility in the crime of money laundering in accordance with Islamic law. Corporate criminal liability set forth in article 6 of Law No. 8 of 2010 which states that in the case of money laundering as defined in Article 3, Article 4 and Article 5 committed by a corporation, crime laid against and/or personnel controlling corporation. Islamic law also recognize the existence of the legal entity or corporation. This is evidenced by the jurists who introduced treasury as the legal agency. It has rights and can take legal action but can not be burdened with responsibility because they do not have the knowledge and choice. So that if a legal agency has committed a crime then a person who should be accountable are administrators or managers of the legal agency. But there are also penalties for legal entities, such as the punishment of dissolution, destruction, eviction and foreclosure.Keywords: Corporate, money laundering, Islamic criminal law. Abstrak: Artikel ini membahas tentang pertanggungjawaban korporasi dalam tindak pidana pencucian uang menurut hukum Islam. Pertanggungjawaban pidana korporasi diatur dalam pasal 6 UU No. 8 tahun 2010 yang menyebutkan bahwa dalam hal tindak pidana pencucian uang sebagaimana dimaksud dalam pasal 3, pasal 4, dan pasal 5 dilakukan oleh korporasi, pidana dijatuhkan terhadap dan/atau personil pengendali korporasi. Hukum Islam juga mengenal adanya badan hukum atau korporasi, hal ini dibuktikan dengan para fuqaha yang mengenalkan baitul mal (perbendaharaan negara) sebagai badan hukum. Badan hukum ini mempunyai hak dan dapat melakukan tindakan hukum tetapi tidak dapat dibebani pertanggungjawaban karena tidak memiliki pengetahuan dan pilihan. Sehingga apabila badan hukum melakukan suatu tindak pidana maka yang dapat dimintakan pertanggungjawaban adalah pengurus atau pengelola badan hukum tersebut, tetapi ada pula hukuman bagi badan hukum, seperti hukuman pembubaran, penghancuran, penggusuran dan penyitaan.Kata Kunci: Korporasi, pencucian uang, hukum pidana Islam

scholarly journals Expansion of the use of dispersed products of concentrating and metallurgical enterprises. Message 1

2018 ◽  
pp. 67-76
Author(s):  
P. I. Pilov ◽  
L. J. Gorobets ◽  
I. V. Verhorobina
Keyword(s):  
Raw Materials ◽  
Metallurgical Industry ◽  
Practical Significance ◽  
Gas Jet ◽  
Industrial Experiments ◽  
Production Experience ◽  
Efficient Processing ◽  
Reasonable Choice ◽  
Technological Options ◽  
Theoretical Developments

Purpose. Justification of the directions of efficient processing by dispersing products and waste of the concentrating and metallurgical industries. The technique. Investigation of materials by the method of jet dispersion, evaluation of indicators of dispersion and surface activity of powders by the potentiometric method and on the device of the company MALVERN (Great Britain). Results. The methods and modes of dispersion in jets, the ranges of rational dispersion of products are theoretically substantiated and confirmed by industrial experiments, the indicators and directions for the use of gas-jet technology are established. Scientific novelty. Produced a reasonable choice of technological options for the use of gas-jet plants for the efficient processing of raw materials and waste processing and metallurgical industry of Ukraine. Practical significance. According to theoretical developments, experimental verification and accumulated production experience, a number of technological applications of activated highly dispersed materials are recommended.

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