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All Journal Demak Universal Journal of Islam and Sharia
Sinta Thia Anggraeni
Magister of Islamic Economic Law, Universitas Muhammadiyah Surakarta
Religion Humanities

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Analysis of the Role of Fatwa Institutions in Developing Alternatives to the Mudharabah Agreement in Sharia Financial Institutions Sinta Thia Anggraeni; Muthoifin
Demak Universal Journal of Islam and Sharia Vol. 2 No. 03 (2024): Demak Universal Journal of Islam and Sharia
Publisher : Walidem Institute and Publishing (WIP)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61455/deujis.v2i03.192

Abstract

This study aims to examine fatwas from various organizations on alternative mudharabah contracts in Islamic economics. The mudharabah contract implements a profit-sharing mechanism between capital owners (rabbul mal) and business managers (mudharib). Fatwa institutions provide change and alternatives because these contracts often face obstacles such as the possibility of moral hazards and supervision problems. The methods used are qualitative, such as document analysis, comparative studies, legal analysis, historical research, in-depth interviews, and focus groups. The researcher studied nine fatwas from various organizations, including the World Sharia Economic Council, Bank Indonesia's Sharia Committee, DSN-MUI, AAOIFI, JAKIM, MUI, Al-Azhar University, and the Muhammadiyah Tarjih Council. The test highlights the importance of regulatory compliance, innovation, openness, accountability, and flexibility in profit-sharing arrangements. Concepts such as mudharabah musytarakah, mudharabah muqayyadah, and hybrid schemes between mudharabah and other contracts such as musharakah and ijarah are proposed by these fatwas. The results of the study concluded that these fatwas provide creativity and adaptation to build fairer, more transparent, and effective corporate collaborations in line with sharia principles. They also provide insight to scholars and practitioners in making and implementing mudharabah contracts in various circumstances.
Islamic Ethics and Values in the Shopee Affiliate Program: Qawaid Fiqhiyyah Approach Isnania Wiaam; Khoirun Nisa'; Sinta Thia Anggraeni
Demak Universal Journal of Islam and Sharia Vol. 2 No. 03 (2024): Demak Universal Journal of Islam and Sharia
Publisher : Walidem Institute and Publishing (WIP)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61455/deujis.v2i03.193

Abstract

This research aims to review the application of ethics and Islamic values in the Shopee Affiliate program with the Qawaid Fiqhiyyah approach. This study uses a qualitative analysis method. There are two types of data collected, namely primary data and secondary data. Primary data includes participatory observation of how the Shopee Affiliate program is run and interactions between platforms, affiliates, and consumers in the context of Islamic ethics. Secondary data includes journal articles, books, case reports in Islamic law journals, and fiqh books. The data was analyzed using the document analysis method to produce relevant findings regarding the application of Qawaid Fiqhiyyah in the Shopee Affiliate program, with a focus on ethical aspects and compliance with Sharia principles. The results show that the Shopee Affiliate program generally supports ethical principles and Islamic values, but there is room for improvement in aspects of transparency, fairness, and social responsibility. The study provides recommendations for improving affiliate business practices to be more aligned with Islamic ethical principles and has the potential to serve as a model for other e-commerce platforms in conducting ethical and responsible business.
Co-Authors Isnania Wiaam Khoirun Nisa' Muthoifin