scholarly journals The Revival of Mudharabah Contract: A Proposed Framework

2019 ◽  
Vol 10 (2) ◽  
pp. 70
Author(s):  
Siti Nurzahira Che Tahrim ◽  
Mohd Zulkifli Muhammad ◽  
Mohd Syakir Mohd Rosdi ◽  
Mohd Nor Hakimin Yusoff ◽  
Azizah Musa ◽  
...  
Keyword(s):  
Content Analysis ◽  
Profit Sharing ◽  
Islamic Finance ◽  
Economic Activities ◽  
Financial Products ◽  
Library Research ◽  
Data Collection Strategy ◽  
Suitable Concept ◽  
Partnership Agreement ◽  
Socioeconomic Benefits

Mudharabah is a profit-sharing partnership agreement of a business venture to carry out economic activities. Despite its potential socioeconomic benefits to the parties involved and to the society, the application of mudharabah is limited to engineered Islamic finance products which transform the conventional financial products into Shari’ah-compliant ones. We argue that, in order to realise the mudharabah true potentials, among others, the mudharabah contract needs to be revived. The purpose of this study is to propose a framework in reviving the mudharabah contract between the sahibul mal (capital provider/investor) and the mudharib (entrepreneur). The research methods used in this study are library research and content analysis. As a result, agency theory is recognised to be very relevant to the mudharabah contract. To revive the mudharabah contract, tahaluf concept (Islamic treaty with compliance with Shari’ah) is identified as the most suitable concept to be adopted. This proposed framework serves as guidance in formulating the data collection strategy from different perspectives i.e. from sahibul mal, mudharib, Shari’ah advisors and academicians.

scholarly journals SUKUK AND BONDS IN INDONESIA: AN OVERVIEW

2021 ◽  
Vol 3 (2) ◽  
pp. 101-118
Author(s):  
Doli Witro ◽  
Iwan Setiawan
Keyword(s):  
Qualitative Research ◽  
Content Analysis ◽  
20Th Century ◽  
Capital Market ◽  
Financial Crises ◽  
Profit Sharing ◽  
Islamic Finance ◽  
Late 20Th Century ◽  
Financial Products ◽  
The Difference

From the early 1920s to the late 20th century, there were at least 25 financial crises globally. In 2018, the Global Islamic Finance Report reported that Indonesia has tremendous potential to develop Islamic finance. Some of the Islamic financial products that can be developed in Indonesia are bonds and sukuk. Bonds are a product of the capital market. In its development, bonds have undergone relatively rapid innovation, which provides room for issuing Islamic bonds known as sukuk. This paper discusses the difference between sukuk and bonds. This paper aims to look at the differences between sukuk and bonds and the opportunities for issuance, application, and development of sukuk in Indonesia. This research is qualitative research that is literature. As for obtaining comprehensive results, this study uses two approaches consisting of a socio-historical approach and content analysis. The analysis results show that sukuk are in principle the same as bonds, with the main differences, among others, in the use of the concept of return and profit-sharing as a substitute for interest. Keywords: Sukuk; Bond; Sharia Bonds; Capital market; Indonesia

scholarly journals Perbedaan Pandangan Fuqaha Ihwal Bunga Bank dan Riba

2019 ◽  
Vol 3 (2) ◽  
pp. 47
Author(s):  
Rahmat Firdaus
Keyword(s):  
Content Analysis ◽  
Data Analysis ◽  
Legal Status ◽  
Profit Sharing ◽  
Literature Study ◽  
Banking Services ◽  
The Public ◽  
Analysis Techniques ◽  
Library Research ◽  
Security Guarantees

<p><em>In this sophisticated era, people generally entrust money to banking services. In addition to getting security guarantees, the public also benefits from banks in the form of interest or profit sharing.</em></p><p><em>Methods and Findings: The purpose of this study was to determine the differences in the views of fuqaha regarding bank interest and usury. This research is characterized by library research as one type of library research and the method used is literature study while data analysis uses content analysis techniques. The results of this study indicate that in understanding bank interest and usury fuqaha different opinions. First, the textual paradigm understands the nature of the prohibition of usury lies in the existence of additional, as the meaning contained by the word riba itself and based on nas confirmation, that only the principal capital can be taken, so that if the ilat is in bank interest, then the bank interest is usury . Second, the contextual paradigm understands the passage of prohibiting usury in context, namely the existence of zulm elements or exploitation that occurs when forbidden usury. So that these conditions when found in the application of bank interest, then the bank interest is categorized as usury with a clear legal status, namely haram. This group sees that what happens in bank interest is no element of zulm or exploitation, so they determine that bank interest does not include usury, and the law is permissible.</em></p><p><strong> </strong></p><p>Pada zaman yang serba canggih  ini, umumnya masyarakat menitipkan uang  pada jasa-jasa perbankan. Selain mendapatkan jaminan keamanan, masyarakat juga mendapatkan keuntungan dari bank berupa bunga atau bagi hasil. <strong></strong></p><p><strong>Metode dan Temuan:  </strong>Tujuan penelitian ini untuk mengetahui perbedaan pandangan fuqaha mengenai bunga bank dan riba. Penelitian ini bercorak <em>library research</em> salah satu jenis penelitian kepustakaan dan metode yang digunakan adalah studi literatur sedangkan analisis data menggunakan teknik analisis isi (<em>content analisis</em>). Hasil penelitian ini menunjukan bahwa dalam memahami bunga bank dan riba fuqaha berbeda pendapat. Pertama, paradigma tekstual memahami <em>ilat</em> pengharaman riba terletak pada adanya tambahan, sebagaimana makna yang dikandung oleh kata riba itu sendiri dan berdasarkan konfirmasi <em>nas</em>, bahwa hanya modal pokok yang dapat diambil, sehingga apabila <em>ilat</em> itu terdapat di bunga bank, maka bunga bank tersebut adalah riba. Kedua,  paradigma kontekstual memahami <em>nas</em> dari pengharaman riba secara konteks, yaitu adanya unsur <em>zulm</em> atau eksploitasi yang terjadi pada waktu diharamkannya riba. Sehingga kondisi tersebut bila dijumpai pada pemberlakuan bunga bank, barulah bunga bank itu dikategorikan sebagai riba yang status hukumnya jelas, yaitu haram. Kelompok ini melihat bahwa apa yang terjadi di bunga bank tidak ada unsur <em>zulm</em> atau eksplotasi, sehingga mereka menetapkan bunga bank tidak termasuk riba, dan hukumnya boleh.</p>

scholarly journals PANDANGAN AL-QUR’AN TENTANG PEREMPUAN BEKERJA (HIKMAH DIBALIK SURAT AL-QASHASH)

2019 ◽  
Vol 15 (1) ◽  
pp. 24-33
Author(s):  
M. Nurul Qomar
Keyword(s):  
Content Analysis ◽  
Analysis Approach ◽  
Research Approach ◽  
Interesting Problem ◽  
Economic Activities ◽  
Women In The Workplace ◽  
Library Research ◽  
Role Of Women

Abstract. The concept of gender is an even more interesting problem when it is associated with the perspective of Islam and the Koran. The role of women in the fabric of life is not in doubt. But there is still debate about permitting women to work outside the home among scholars. To better understand the concept of gender (women in the workplace) attached to Surat al-Qashash (28) verse 23, further analysis is needed using the content analysis approach in the commentary science corridor. Also, the library research approach is used to explore primary and secondary libraries to support this paper. Resulting in the conclusion that the Mufassir mentioned above does not differ significantly in interpreting Surah al-Qashash verse 23. However, the scholars differed in interpreting the father of two women who were assisted by Prophet Musa. b. Economic wisdom that can be learned from Surat al-Qashash verse 23 is that women are allowed to work as long as they can maintain their honor. Also, through this verse, it is understood that for economic activities (mu'amalah), a man is allowed to talk and see the opposite gender.Abstrak  Konsep gender merupakan isu menarik lebih-lebih jika dikaitkan dengan perspektif islam dan al-Qur’an. Peran perempuan dalam tatanan kehidupan tidak diragukan lagi. Namun masih menjadi perdebatan tentang diperbolehkannya perempuan untuk bekerja di luar rumah di kalangan ulama’.  Untuk lebih memahami konsep gender (wanita dalam bekerja) yang melekat pada surat al-Qashash (28) ayat 23 tentu diperlukan analisa lebih lanjut dengan menggunakan pendekatan analisis konten dalam koridor ilmu tafsir.  Selain itu pendekatan library research digunakan untuk menelusuri pustaka baik primer maupun sekunder untuk mendukung tulisan ini. Sehingga menghasilkan simpulan bahwa: a. Para Mufassir yang disebut di atas tidak berbeda jauh dalam menafsirkan surat al-Qashash ayat 23. Akan tetapi para ulama’ berbeda pendapat menafsirkan ayah dari dua perempuan yang ditolong oleh Nabi Musa. b. hikmah ekonomi yang dapat dipetik dari surat al-Qashash ayat 23 adalah diperbolehkan perempuan dalam bekerja, asalkan mampu menjaga kehormatannya, selain itu melalui ayat ini dapat dipahami bahwa atas kegiatan ekonomi (mu’amalah), seorang laki-laki diperbolehkan berbicara dan memandang lawan jenis. 

Why interest-rate cannot benchmark for Islamic financial product pricing?

2015 ◽  
Vol 22 (7) ◽  
pp. 1417-1428 ◽  
Author(s):  
Shahid Mohammad Khan Ghauri
Keyword(s):  
Interest Rate ◽  
Product Development ◽  
Design Methodology ◽  
Islamic Finance ◽  
Financial Instruments ◽  
Economic Activities ◽  
Content Type ◽  
Financial Products ◽  
Product Pricing ◽  
Macroeconomic Indicators

Purpose – The purpose of this paper is to emphasize that interest-rate benchmark cannot be used for pricing of Islamic financial products. This paper will help in pricing basis for Islamic financial products, which are currently based on interest-rate benchmarks. Shariyah perspective and ground realities are considered as evident to the viewpoint. Design/methodology/approach – Viewpoint has been evident through comparison of conventional and Islamic financial product pricing, and through comparison of interest rate with macroeconomic indicators to analyze whether interest really represent economy, since Islamic finance based on real economic activities. Findings – It has been analyzed that interest based benchmarks do not represent real economic activities. Originality/value – This paper brings new light to the product development in Islamic financial instruments and institutions. Islamic finance should have its own footings in terms of product development.

Bias Gender Dalam Buku Pelajaran Bahasa Arab untuk Tingkat Madrasah Tsanawiyah Karya Darsono dan T. Ibrahim

2017 ◽  
Vol 3 (2) ◽  
pp. 115-128
Author(s):  
Maulana Khusen
Keyword(s):  
Content Analysis ◽  
Research Data ◽  
Library Research

Ketidakadilan gender yang terjadi pada pendidikan formal di sekolah, sering kali tanpa disadari oleh para pendidik. Melalui buku-buku pelajaran wajib, seperti buku pelajaran bahasa Arab, konsep bias gender tersosialisasikan kepada para siswa-siswi. Hal ini diakibatkan kurang selektifnya guru dalam memilih bahan ajar.Fokus pada penelitian ini adalah untuk menjawab permasalahan mengenai bentuk bias gender dalam buku pelajaran bahasa Arab untuk tingkat Madrasah Tsanawiyah yang selama ini tersosialisasikan kepada siswa-siswi dalam kegiatan pembelajaran di kelas, tanpa disadari oleh para guru.Penelitian ini termasuk library research. Data diperoleh dari tulisantulisan yang berbicara tentang bias gender dalam buku pelajaran. Selanjutnya data dianalisis dengan menggunakan metode content analysis. Penelitian ini menunjukkan bahwa, buku pelajaran bahasa Arab untuk tingkat Madrasah Tsanawiyah mempunyai peran yang sangat besar dan bermakna dalam penyampaian pesan-pesan kultur dan budaya, di antaranya tentang konsep bias gender. Dalam buku pelajaran bahasa Arab, bias gender tersosialisasikan melalui rumusan teks, kalimat dan gambar (ilustrasi dalam buku). Bentuk bias gender yang ditemukan adalah posisi mendominasi lakilaki dan tersubordinasinya perempuan, pelabelan sifat maskulin untuk lakilakidan feminim untuk perempuan, dan pembagian peran gender di mana lakilaki cenderung bekerja pada sektor publik, sementara perempuan pada sektor domestik. Sementara itu, bentuk bias gender yang paling banyak ditemukan dalam setiap buku pelajaran bahasa Arab adalah posisi mendominasi laki-laki dan tersubordinasinya perempuan, baik dalam rumusan teks, kalimat, maupun gambar.

KONSEP REWARD DAN PUNISHMENT MENURUT IRAWATI ISTADI (KAJIAN DALAM PERSPEKTIF PENDIDIKAN ISLAM)

2018 ◽  
Vol 19 (2) ◽  
pp. 48-64
Author(s):  
Umi Baroroh
Keyword(s):  
Content Analysis ◽  
Islamic Education ◽  
Analysis Methods ◽  
Library Research ◽  
Research Theme ◽  
Reward And Punishment

Abstract: This research was conducted to find out how reward and punishment according to Irawati certainly does not conflict with the value of Islamic education. This is a library research the data of which were taken from several works of Irawati Istadi and direct interviews with her. The researcher also took some data from several researchers who discussed Irawati Istadi's thoughts and from Islamic education figures whose thoughts had relevance to the research theme. Content analysis methods is applied to draw conclusions. From this research, it can be concluded that the concept of reward and punishment according to Irawati Istadi turns out to be compatible with the Islamic education. However, in Irawati's thought, there are also some differences shows the development of thoughts from previous figures of Islamic education and certainly did not conflict with the values of Islamic education. Keywords: reward, punishment, Islamic education, Irawati Istadi, educator.

Methodological and Sociological Analysis About The Fatwa Of Majelis Tarjih Muhammadiyah Concerning To The Muslim Marriage With An Ahl Al-Kitab

2018 ◽  
Vol 16 (2) ◽  
pp. 161
Author(s):  
Chamim Tohari
Keyword(s):  
Content Analysis ◽  
Natural Phenomenon ◽  
Research Approach ◽  
Contemporary Society ◽  
Sociological Analysis ◽  
Library Research ◽  
Empiric Data ◽  
The Law ◽  
The Difference

Relation between the different of religion comunity in the multicultural nation as in Indonesia be a natural phenomenon that it cannot be avoided. As to one of the problem that had appeared in this case is about wedding problem betweena moslem with the difference religion womans. Majority of the Indonesia religious scholars as scholar in Majelis Tarjih Muhammadiyah had been prohibiting wedding like that with various reason. while a part little of the contemporary moslem scholars have been permiting the wedding. The points which will discussed in this research is how is opinion of Majelis Tarjih Muhammadiyah about the law of wedding with the woman from Ahl Al-Kitab and its ijtihad methodology. This research should analyze the argumentation of the Majelis Tarjih that make forbidding a muslem married with the difference religion womans. This research using library research approach dan content analysis. The results of this research are: (1) Majelis Tarjih of Muhammadiyah forbidding the wedding with sad al-dzari’ah as its argumentation; (2) Majelis Tarjih’s opinion has been irrelevant because two reason, the mistake of methodology and the change of the Indonesian contemporary society (based on an empiric data). Keywords: Ahlu Kitab; Majelis Tarjih; Different Religion Marriage

Pendidikan Karakter Profetik dalam Sirah Nabawiyah (Telaah Kitab al-Râhiq al-Makhtûm Karya Shafiy al-Rahmân al-Mubârakfuri)

2018 ◽  
Vol 6 (2) ◽  
pp. 147 ◽  
Author(s):  
Ahmad Syahid ◽  
H. Husni
Keyword(s):  
Content Analysis ◽  
Data Collection ◽  
Character Education ◽  
Research Method ◽  
Analysis Data ◽  
Educational Goals ◽  
Research Approach ◽  
Analysis Method ◽  
Library Research ◽  
History Of

This study aims to analyze the character values ​​in Sirah Nabawiyah Ar-Rahiq Al-Makhtum by Syafiyyurrahman al-Mubarakfuri, so that it is revealed how the character education of the Prophet Muhammad. and analyze its relevance to current educational goals. The research method used is library research, the type of research approach is deductive and the analysis method is content analysis. Data collection techniques used were library techniques. This research succeeded in proving that prophetic values ​​based on the history of the Prophet Muhammad have a strong relevance to the concept of contemporary character education. Prophetic values ​​loaded with character education in this era, especially related to religiosity, honesty, tolerance, discipline, hard work, creative, independent, democracy, curiosity, national spirit, love of the motherland, respect for achievement, friendship, love for peace , likes to read, care about the environment, care about social, and responsibility.

Fudhuli Transactions:Potential Applications and Parameters

2021 ◽  
Vol 12 (3) ◽  
pp. 2801-2811
Author(s):  
Ahmad Zakirullah Mohamed Shaarani Et.al
Keyword(s):  
Islamic Finance ◽  
Islamic Banking ◽  
Banking And Finance ◽  
Library Research ◽  
Do So

Tasarrufal-Fudhuli refers to transactions or contracts carried out by a person who does not have the authority or legitimacy to commit the transaction, and these contracts include exchange contracts such as sales, rent and services, or charitable contracts such as representation/wakalah, hibah, loans, guarantees, and so on. In the context of Islamic finance, although it is a type of transaction that is argued and debated by the jurists and fuqaha, some have begun to realize its great potential in keeping with current developments, especially in the field of Islamic banking and finance. Besides looking at Fudhuli in terms of its meaning and the Shariah rules that govern it, the main focus of this study is the discussion of its dhawabhit/ parameters as it has its own risks associated with it compared to other established types of Islamic contracts. The study utilizes a full library research by analyzing scholar`s debates and their arguments on this kind of contract, the contract`s potential, followed by analyzing the parameters that should be adopted in operationalizing this contract together with the discussion on the issues of fudhulithat are relevant to current Islamic banking and finance operations. The results of this study show that the views that allow this contract has strong arguments, and that it has also been widely practiced outside of Malaysia, but is relatively new in Malaysia. While it is permissible, however, some parameters must be put in place so that it is not in conflict with Shariah, and comply with the Shariah requirement of each contract done on a fudhuli basis. There must also be an urgent and genuine need to do so, and not involve ribawi items that require immediate delivery of the asset, as well as the existence of a council or body that controls and monitors the process and implementation by the involved parties

Puzzle sebagai solusi peningkatan motivasi belajar siswa

At- Tarbawi ◽  
2021 ◽  
Vol 13 (1) ◽  
pp. 16-27
Author(s):  
Suratiningsih Suratiningsih
Keyword(s):  
Content Analysis ◽  
Data Analysis ◽  
Data Collection ◽  
Learning Motivation ◽  
The Internet ◽  
Data Analysis Technique ◽  
Library Research ◽  
Analysis Technique ◽  
The Media ◽  
Data Collection Technique

The research aims to describe the puzzling media as a solution to increase the learning motivation of elementary /MI student. This research is library research. It is a method that the data which is needed in completing research comes from library sources i.e. include books, encyclopedias, dictionaries, journals, documents, magazines, etc as well as various sources on the internet. The data collection technique used in this research is documentation. Documentation means looking for data about things in the form of notes, books, papers, articles, journal, and so on. Then, the data analysis technique used in this study is content analysis. In this analysis, the process of selecting, comparing, and combining various meanings will be found to be relevant. The media is an intermediary or introduction. Puzzle media can improve the students’ motivation to keep trying to solve problems. It is fun for students because it can be repeated. The challenges in the puzzle game will give you an addictive effect to always try and try until they are successful.

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