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Journal : Amwaluna: Jurnal Ekonomi dan Keuangan Syariah

The Implementation of the Principle of Profit Sharing of Mudharabah and Musyarakah in The Realm of Community Economic Development Suherli, Ian Rakhmawan; Ridwan, Ahmad Hasan; Yusup, Deni Kamaludin; Hakim, Sofyan Al; Muharni, Yusraini
Amwaluna: Jurnal Ekonomi dan Keuangan Syariah Vol. 9 No. 1 (2025): Amwaluna: Jurnal Ekonomi dan Keuangan Syariah
Publisher : UPT Publikasi Ilmiah UNISBA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29313/amwaluna.v9i1.3357

Abstract

This study investigates the implementation of the profit-sharing concept through mudharabah and musharakah contracts within the context of community economic growth in general. Library research methods are utilized to collect and analyze relevant literature, emphasising how these two contracts might help Muslims avoid the usury trap. The study's findings reveal that mudharabah and musharakah have become an important feature of Indonesia's Islamic financial system, helping to finance productive enterprises. Although there are obstacles to its adoption, such as a lack of public comprehension and insufficient rules, both contracts have the potential to boost economic welfare significantly. This study also emphasizes the role of Islamic scholars and financial organizations in creating and overseeing this practice to ensure that Sharia principles are not breached
Sharia Economic Law Criticism on Muhammad Syahrûr’s Hudûd Theory Regarding Bank Interes Eka Rahayu, Annisa; Kamaludin Yusup, Deni; Athoillah, Mohamad Anton; Hakim, Sofyan Al
Amwaluna: Jurnal Ekonomi dan Keuangan Syariah Vol. 8 No. 2 (2024): Amwaluna: Jurnal Ekonomi dan Keuangan Syariah
Publisher : UPT Publikasi Ilmiah UNISBA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29313/amwaluna.v8i2.3949

Abstract

n modern economics applied by conventional financial institutions, the interest system is inseparable. Economic system based on sharia principles emerged as a solution to riba-based (usury-based) transactional activities, which in sharia economic law is in the khilafiyyah (dissent) territory amongst scholars regarding whether the conventional bank interest is riba which is prohibited by Islamic law. A figure named Muhammad Syahrûr came up and offered his theory of limits (nazhariyyah al-hudûd) in providing riba limitations in the Quran. This research aims to describe M. Syahrûr's thoughts on bank interest based on his theory of limits, and to analyze it based on the review of sharia economic law (fiqh muamalah mâliyyah). this reseach is understood as a literary study research which is a research on secondary materials. The type of data used in this research is secondary data, which is literature focusing on the thoughts of a figure, which is Muhammad Syahrûr.The result of the research shows that Muhammad Syahrûr's opininion that allows the practice of bank interest based on his theory of limits (nazhariyyah al-hudûd) is a marjûh (weak) opinion, since it is not supported by valid arguments and it also contradicts the opinions of the jumhur ulama (the majority of the scholars).