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Journal : yuridika

Implementation of Syari'ah Economic Principles on the Management of Syari'ah Mutual Fund in Indonesia Nunung Rodliyah; Risti Dwi Ramasari
Yuridika Vol. 33 No. 2 (2018): Volume 33 No 2 May 2018
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (272.592 KB) | DOI: 10.20473/ydk.v33i2.7380

Abstract

Syari’ah Financial Institution is one of the institutions of Islamic doctrine that is currently mushrooming in the midst of modern Indonesian society. Along with the growth of syari'ah financial institutions, MUI issued that interest is usury which is unlawful. The entry of syari'ah financial institutions in Indonesia made a new breakthrough in the syari'ah capital market. One of the products of syari'ah capital market is Syari'ah Mutual Fund. Syari'ah mutual funds are defined as mutual funds as referred to in the Capital Market Law and its implementing regulations whose management does not conflict with the principles of syari'ah in the capital market. The problem of this research is how is the interpretation of the regulation of syari'ah economic principle in Indonesia and how is the management of Syari'ah Mutual Funds based on syari'ah economic principle in Indonesia. This research is normative research with descriptive research type. The approach used is normative juridical. The data collection was done by literature study and document study. The data used are secondary data consisting of primary legal materials, secondary legal materials, and tertiary legal materials. The collected data is then analyzed qualitatively. The findings of the research show that there are 3 (three) principles of syari'ah economy namely the principles of Tauhid, Justice, and Benefits. The regulation of syari'ah economic principles in Indonesia is regulated in the DSN-MUI and compilation of Islamic law. Basically syari'ah economic principles are in the field of Bank financial institutions and Non-Bank financial institutions. The arrangement of syari'ah economic principles, as well as regulated in law but also governed by Syar'i Law and Fiqh law through Ijtihad, by the method of Mashlahah Mursalah. Implementation of investments in Syari'ah Mutual Fund transaction mechanism in investing through Syari’ah Mutual Funds should pay attention to things that are not against the Islamic Syari'ah. Implementation of the transaction contract should not be contrary to the Islamic Syari'ah, whether prohibited because (1) Forbidden in addition to the substance, which contains tadlis, ihtikar, ba'i najasy, garar, and usury, as well (2) Because unauthorized, i.e. the order and conditions are not met, there ta'alluq, and there are two contracts in one transaction simultaneously. The idea of syari’ah economic principles recommends to the Syari’ah Banking Supervisory Board to make further regulation in the development of investing through Syari’ah Mutual Funds in Indonesia.
Co-Authors , Kasmawati Abdur Rohman Husen Ade Oktaritas KY Adhan. S., Sepriyadi Agus Triono AGUSTINA, RENI Ahmad Muqorobin Ahmad Zazili Ajeng Fadilah Putri akmal hidayah Amanda, Nuresa Divani Andri Irawan Aprilianti Aprilianti Aprilianti Aprilianti, S.H., M.H Arjuna, Piki Asyifa Salsabilla Aziz, M. Faisal Budiyono Budiyono Bunga Rahma Chandra Muliawan Chandra Muliawan Cynara Alya Zhafirah Delvi Liana Dewi Septiana Dianne Eka Rusmawati, S.H., M.Hum Dora Mustika Efendia, Malicia Elfa Murdiana Elfa murdiana Elfa Murdiana Elly Nurlaili Elly Nurlaili Elly Nurlaili Elly Nurlaili Erwin Kurniawan Fajri Ian Herlika Farani, Rabbiyatussha Faridha, Erlin Fegita Maharanny Firmansyah, Ade Arif Gautam Kumar Jha Gita Naia Larasati Habiburrahman Habiburrahman, Habiburrahman Hesti Oktriana Huda, Sholikhul I Gede AB Wiranata K, Ade Oktariatas Kasmawati Kasmawati Kasmawati Kasmawati Kasmawati Kasmawati Kulsum, Sayyidah Sekar Dewi Kulsum, Sayyidah Sekar Dwi Kurniawati, Eka Lanny Yoseva Ledy Famulia Lintang, Dheanilla Esa M. Nur Fathoni Maharanny, Fegita Manik, Irvan Juli Alfredo Martinouva, Rissa Afni Martinouva, Rissa Afni Maya Shafira Mayva Rezita Fairuza Meysi Anggraeni Mohamed Rashid Ab Razak Mufliha Wijayati Mufliha Wijayati Muhammad Fakih Muhimmatul Mukaromah Muhtadi Najwa Felicia Heryanto Nargis, Nilla Natamiharja, Rudi Nency Della Oktora Nila Nargis Ningrum, Fara Puspita Aqila Nova Ayu Lestari Nuraini Nuraini Oktora, Nency Della Permana Putra, Aldi Rehulina Rehulina Ria Kurniawati Ria Wierma Putri Ria Wierma Putri, Ria Wierma Ricco Andreas Rilda Murniati Risha Aprilia Risti Dwi Ramasari Riyantika, Annisa S, Sepriyadi Adhan Sayyidah Sekar Dewi Kulsum Sayyidah Sekar Dewi Kulsum Sayyidah Sekar Kulsum Sekar Dewi Kulsum, Sayyidah Sekar Eka Putri Seki Mutianingsih Selvia Oktaviana, Selvia Sepriyadi Adhan S Shaliha Baraqbah, Syarifah Siswahyudianto Siti Nurhasanah Siti Nurlaila, Siti Siti Rani Dania Sri Indah Lestari Sunaryo Sunaryo Sunaryo Syakhira Putri Syaroza Syamsiar, Syamsiar Tamza, Fristia Berdian TIARA NUR RAUDA Tio Rizki Fertika Use Etica Utami, Adelya Putri Warda Zakiya Wardani, Yulia Kusuma Wulandari, Sartika Wulandari Yennie Agustin MR Zahara, Anisa Zulkarnain Ridlwan