Cakrawala: Jurnal Studi Islam
Vol 16 No 1 (2021)

Moral Hazard in Market Activities: A Textual and Contextual Perspective Review of Hadith

Agus Miswanto (Universitas Muhammadiyah Magelang, Magelang, Indonesia)



Article Info

Publish Date
30 Jun 2021

Abstract

The purpose of this research is to analyze at the moral hazard of market activity in the Prophet's hadith. The market is a place where traders can engage in economic activity in order to make a profit. Some traders are forced to compromise their morality due to profit motivation. This is a qualitative descriptive research. This study employs the hermeneutic method, which entails examining the text and context in order to fully comprehend the prophet's hadith. The findings of this study show that Allah despises the market, which is an expression of the prophet's feelings about the types of market activity carried out by traders that are prohibited by Shari'a. Usury, gharar, and maisir are examples of traders' moral hazard behavior, which causes injustice and harm to third parties.

Copyrights © 2021






Journal Info

Abbrev

cakrawala

Publisher

Subject

Religion Humanities Economics, Econometrics & Finance

Description

CJSI is a scientific journal of Islamic studies managed by Universitas Muhammadiyah Magelang, Indonesia. This journal is issued twice a year and it is a tool for Indonesian researchers, academics, and practitioners who are interested to channel their thoughts and findings. This journal should cover ...