A Fiqh View of the Musyarakah Agreement and its Implementation in Islamic Banking

2023-12-31T11:41:00+07:00

One form of channeling funds to sharia banks is musyarakah financing, which is the most typical and attractive of sharia financing. Because this financing agreement emphasizes cooperation and fairness in carrying out joint efforts. The aim of this research is to find out how fiqh views musyarakah contracts and their implementation in sharia banking. The research method that researchers use is the literature study research method for elaboration which involves reviewing reference books, literature, encyclopedias and reports that are relevant to the issue being discussed. The results of this research show that there are several differences in the fiqh views regarding musyarakah contracts with those practiced in sharia banking, which are in the aspects of guarantees, fines (collectability), and percentage distribution of profit sharing. With this difference, it is necessary to have an in-depth understanding of musyarakah contracts from the perspective of fiqh and its practice in sharia banking.

M. Umer Chapra's Islamic Economic Thought in the Context of Contemporary Era

2023-12-31T01:30:41+07:00

Islamic economic thought continues to play an important role in formulating solutions to global economic challenges. This article specifically explores the thinking of M. Umer Chapra, a prominent Islamic economic scholar, and analyzes its relevance in dealing with contemporary economic complexities. The discussion begins by providing a background on the importance of Islamic economic thought, followed by a research objective that details the actuality of M. Umer Chapra's thought in addressing current global economic problems. The article highlights the basic concepts of Islamic economics, especially the principles of wealth distribution and economic justice, focusing on Chapra's holistic approach. M. Umer Chapra's biography and his contributions to the development of Islamic economics are analyzed in depth to provide contextual understanding. Through comparison with other economic thought, both Western and traditional, the article explores the similarities and differences in economic views, providing a comprehensive picture of M. Umer Chapra's distinctive contributions. The implementation of Chapra's thoughts in economic practice is demonstrated through case studies, while challenges and opportunities in applying Islamic economic concepts are presented in detail.

Journal of Nusantara Economy

A Fiqh View of the Musyarakah Agreement and its Implementation in Islamic Banking

M. Umer Chapra's Islamic Economic Thought in the Context of Contemporary Era