Proceeding International Seminar of Islamic Studies
INSIS 6 (February 2024)

SOCIAL AND COMMERCIAL ISLAMIC FINANCE CONCEPTS

Daulay, Raihanah (Unknown)
Handayani, Susi (Unknown)



Article Info

Publish Date
15 Sep 2024

Abstract

Islamic finance is a form of financial system that as a whole uses concepts and principles derived from the values contained in Islamic law, namely the Quran and Hadith. Islamic finance consists of commercial Islamic finance and Islamic social finance. Commercial Islamic finance is financial management that aims to get profit or profit by applying sharia values for human benefit. Islamic Social Finance is a form of implementation of social finance based on Islamic values that aims to provide benefits for the benefit of mankind as a whole. The Islamic financial system needs to be applied in every line of life that is able to prosper the community in general and expect blessings from Allah. Mudharobah is part of the commercial Islamic financial system. Zakat is the implementation of the running of Islamic social finance needed in providing benefits to the community as a form of running social values to improve the welfare of the people.

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Journal Info

Abbrev

insis

Publisher

Subject

Religion Arts Astronomy Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice Mathematics Physics Other

Description

Proceeding International Seminar of Islamic Studies, published by the Faculty of Islamic Religion, University of Muhammadiyah Sumatera Utara (UMSU), Medan, Indonesia, which includes articles on the scientific research field of Islamic studies and Islamic education, Islamic law, and Islamic ...