islamic economics
- Business
How Mudharabah Akad Works in Sukuk Issuance
The Islamic capital market is one of the innovations in the field of Islamic finance that presents Islamic contracts and values in capital practices and transactions in the capital market. One of the innovations in securities issuance in the Islamic capital market is sukuk. Sukuk itself is defined based on the fatwa of the National Sharia Council of the Indonesian…
Read More » - Islamic Economics
Principles of Generosity in Trade in the Hadith of Prophet Muhammad ﷺ
Trade is an essential part of human life. Since the dawn of civilisation, humans have engaged in trade as a way to meet their needs, be it food, clothing, housing, or other goods. Trade also enables the exchange of ideas, cultures, and innovations between different societies. In the Islamic context, trade has a very important place. The Prophet Muhammad ﷺ…
Read More » - Islamic Economics
Character of a Successful Muslim Entrepreneur
The character of a good Muslim Entrepreneurs is one that can support the sustainability of the business as our role model Prophet Muhammad ﷺ who has good characters and role models in trading or entrepreneurship such as Shidiq, Amanah, Tabligh, and Fathonah. In a business or entrepreneurship, be it trade, investment, or other types of entrepreneurship, as a Muslim, of…
Read More » - Muamalah Fiqh
Profit Sharing in Mudarabah and Musyarakah, Is It Allowed?
One of the things that is usually required by one of the parties in Mudharabah and Musyarakah is profit sharing with a certain amount, an example is as follows: Example: “I will deposit my capital of 30 million with the condition that I get a fixed profit sharing of 10% per month (3 million per month)” “I as an investor…
Read More » - Muamalah Fiqh
Musyarakah With Tiered Profit Sharing, Is It Allowed?
One of the possible profit-sharing schemes proposed in a Musyarakah contract is a tiered profit-sharing scheme. This is done by providing different profit sharing ratios based on a certain percentage of profit realised from capital or sales. An example is as follows: Also Read:The Meaning of Eid al-Fitr in Making Financial Hijrah Implementation of The Zakat System in The Modern EraKenapa…
Read More » - Islamic Economics
How Can Prayer Affect Sustenance?
Prayer, as one of the main acts of worship in Islam, has a very important role in the life of a Muslim. Apart from being a form of obedience to Allah ﷻ, prayer also has a great influence in earning sustenance. In this article, we will explore how prayer affects one’s sustenance, with reference to the Quranic and Hadith arguments.…
Read More » - Muamalah Fiqh
Mudharabah Is The Spirit of Mutual Assistance in Business Financing. How Come?
In Islamic economics, the values of mutual assistance and cooperation are at the core of every financial transaction. One form of cooperation that is upheld in business financing is the mudharabah contract. This contract is not just a business agreement, but also reflects the spirit of mutual support between the capital owner (shahibul maal) and the business manager (mudharib). With…
Read More » - Muamalah Fiqh
What Should We Do Before and After Eid Fitri?
Eid al-Fitr is a very memorable moment that is awaited by all Muslims around the world, the day when Muslims return to fitri which means returning to purity after fasting Ramadan for 30 days, in order to improve themselves and increase devotion to Allah, then continued with the implementation of Eid prayers. Most people are busy preparing for the arrival…
Read More » - Islamic Finance
Why Should We Start With Sharia Investing?
The Rise of Sharia Investment in Indonesia Sharia investment has been experiencing a surge in popularity, and Indonesia is no exception. The Sharia capital market, in particular, has witnessed significant growth. Data from the Jakarta Stock Exchange (IDX) reveals a staggering 90.3% increase in the number of Islamic shares, from 237 in 2011 to 451 by October 27, 2020. This…
Read More » - Islamic Finance
The Meaning of Eid al-Fitr in Making Financial Hijrah
The Meaning of Eid Al-Fitr and Its Link to Financial Hijrah Eid al-Fitr is a much-awaited moment for Muslims after the blessed holy month of Ramadan. More than just a celebration, Eid has a deep meaning that is not only limited to spiritual aspects, but also to social aspects, including in terms of finance. For many Muslims, Eid al-Fitr is…
Read More »