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All Journal At-Tawassuth: Jurnal Ekonomi Islam Al-Mustashfa: Jurnal Penelitian Hukum Ekonomi Syariah
Kadri Bancin
STAI Panca Budi Perdagangan
Economics, Econometrics & Finance

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PRAKTIK GADAI TANAH PERTANIAN DI NAGORI BANDAR RAKYAT, KECAMATAN BANDAR, KABUPATEN SIMALUNGUN Leo Kusuma; Pani Akhiruddin Siregar; Kadri Bancin
AT-TAWASSUTH: Jurnal Ekonomi Islam Jurnal At-Tawassuth | Vol. V| No. 1 | 2020
Publisher : Universitas Islam Negeri Sumatera Utara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30829/ajei.v5i1.7898

Abstract

The research aims to see the practice of agricultural land pawn in Nagori Bandar Rakyat, Kecamatan Bandar, Kabupaten Simalungun. Methods of research with qualitative approach to phenomenology. The truth of phenomenology is fulfilled while the involvement of researchers as human instruments in the business can uncover, capturing the passion of the subject of economic phenomena or behavior in the field. Data obtained by interviews from the people Nagori Bandar Rakyat, Kecamatan Bandar, Kabupaten Simalungun who practiced the practice of agricultural land pawn. The results of the research showed the practice of agricultural land pawn in people Nagori Bandar Rakyat, Kecamatan Bandar, Kabupaten Simalungun not in accordance with sharia principles because of the detriment of either party. Because, the contract is done only to find profit. By giving a certain amount of money, murtahin got two advantages. Profit from the utilization of agricultural land guarantee and the debt from rahin. This happens because the public doesn‘t understand the Islamic Law well. The lack of Islam, even if the community does not know the impact, so that people do practice of agricultural land pawn according to customs.
The Practice of Money Arisan with an Auction-Based Drawing System in Nagori Perlanaan: A Study in Islamic Economic Law Pani Akhiruddin Siregar; Agus Ningtias; Kadri Bancin
Al-Mustashfa: Jurnal Penelitian Hukum Ekonomi Syariah Vol. 9 No. 2 (2024)
Publisher : UIN Siber Syekh Nurjati Cirebon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24235/jm.v9i2.14994

Abstract

This study examines the practice of money arisan with an auction-based drawing system in Nagori Perlanaan through the lens of Islamic economic law. Money arisan, a form of social financial gathering popular in Indonesia, has evolved into various systems, including auction-based mechanisms. This research explores its unique practices and compliance with Islamic legal principles. Utilizing an empirical legal approach, the study analyzes data collected through field observations and interviews with participants of the money arisan. The legal framework is evaluated based on Islamic jurisprudence (fiqh), supported by Quranic verses and Hadith. The mechanism involves members bidding with the highest monetary offer to win the arisan in each period, starting from the second cycle of 38 total cycles. Winners in earlier cycles receive less money due to bid deductions, while those in later cycles benefit from accumulated funds. The arisan structure includes privileges for the chairman and administrative penalties for withdrawal. While the practice fosters financial cooperation, it introduces elements akin to riba due to unequal benefits and the presence of profit-oriented borrowing among members. This contravenes Islamic principles, which emphasize fairness and mutual benefit in financial transactions. The practice of money arisan with an auction-based system in Nagori Perlanaan, though innovative, is deemed non-compliant with Islamic economic law as it involves elements of riba. Legal reform is necessary to align such practices with Sharia principles.Keywords: Money Arisan, Auction System, Islamic Economic Law, Riba, Financial Practices
Co-Authors Agus Ningtias Leo Kusuma Pani Akhiruddin Siregar