muamalah fiqih
- 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…
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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…
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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…
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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…
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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…
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Understanding the Different Types and Restrictions of Waqf Property
Classifying Waqf Property While the Prophet Muhammad (PBUH) did not establish a formal classification system for waqf during his lifetime. However, the various schools of fiqh classified it later differently. This article will explore two main categories: beneficiaries (al-mawquf ‘alaihim) and the endowed property itself (al-mauquf). By Beneficiaries (al-Mawquf ‘Alaihim) Under this category, waqf can be divided into three types:…
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Creating a Waqf: Essential Conditions You Need to Know
In Arabic, the terms ‘waqf’ (plural ‘awqaf’) and ‘habs’ (plural ‘ahbas’) are verbal nouns and infinitives. Both words signify ‘to stop, to prevent, to restrain,’ a concept known as ‘al-habs wa al-man.’ However, while the English translation of ‘waqf’ is often understood as a religious endowment, it may not fully capture the depth of devotion and grace associated with the…
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Guide to I’tikaf in the Month of Ramadan: Seclusion in Obedience
The month of Ramadan is a special time for Muslims around the world. Besides being a month of fasting, Ramadan is also known for special acts of worship such as i’tikaf. I’tikaf is a spiritual tradition involving seclusion in the mosque to focus on worship and self-reflection. In this article, we will discuss a complete guide to performing i’tikaf effectively…
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Akhlaq Lessons from Ramadan Fasting
Ramadan fasting is one of the pillars of Islam that is required for Muslims who have reached puberty and are of sound mind. During this holy month, Muslims refrain from eating, drinking, and marital relations from dawn to sunset. However, besides the obligation to refrain from these things, Ramadan fasting also teaches many moral and akhlaq lessons that can be…
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