The Profit-Sharing System in Financing Islamic Banking
Sharia Banking is a business entity that carries out the function of collecting funds from parties with a surplus of funds and then channeling them to parties with a deficit of funds and providing other financial services based on Islamic sharia principles. This article analyzes. This type of resea...
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| Format: | Article |
| Language: | English |
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Qubahan
2024-03-01
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| Series: | Qubahan Academic Journal |
| Online Access: | https://journal.qubahan.com/index.php/qaj/article/view/198 |
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| author | Danial Syah Gema Rahmadani |
| author_facet | Danial Syah Gema Rahmadani |
| author_sort | Danial Syah |
| collection | DOAJ |
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Sharia Banking is a business entity that carries out the function of collecting funds from parties with a surplus of funds and then channeling them to parties with a deficit of funds and providing other financial services based on Islamic sharia principles. This article analyzes. This type of research uses normative legal research, using a conceptual approach and a statutory approach as well as the Koran and hadith, primary and secondary. Legal materials obtained and analyzed qualitatively and then presented descriptively. The article aims to explain in general, the principles of sharia financing business activities include justice ('adl), balance (tawazun), kemashlahatan (maslahah), universalism (alamiyah), and do not contain gharar, maisir, usury, zhulm, risywah, and other haram objects. Financing or financing is funding provided by one party to another to support planned investments, both carried out by themselves and institutions. In other words, financing is funding issued to support planned investments. Law Number 10 of 1998 states that financing based on sharia principles is the provision of money or bills that are equated with it based on an agreement or agreement between a bank and another party that requires the financed party to return the money or bill after a certain period of time in return or profit sharing.
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| format | Article |
| id | doaj-art-022374ad9f414dc08667b8bc384d80cc |
| institution | Kabale University |
| issn | 2709-8206 |
| language | English |
| publishDate | 2024-03-01 |
| publisher | Qubahan |
| record_format | Article |
| series | Qubahan Academic Journal |
| spelling | doaj-art-022374ad9f414dc08667b8bc384d80cc2025-02-03T10:12:09ZengQubahanQubahan Academic Journal2709-82062024-03-014110.48161/qaj.v4n1a198198The Profit-Sharing System in Financing Islamic BankingDanial Syah0Gema Rahmadani1Department of Law, Faculty of Law, Universitas Islam Sumatera Utara, Indonesia. Department of Law, Faculty of Law, Universitas Darma Agung, Indonesia. Sharia Banking is a business entity that carries out the function of collecting funds from parties with a surplus of funds and then channeling them to parties with a deficit of funds and providing other financial services based on Islamic sharia principles. This article analyzes. This type of research uses normative legal research, using a conceptual approach and a statutory approach as well as the Koran and hadith, primary and secondary. Legal materials obtained and analyzed qualitatively and then presented descriptively. The article aims to explain in general, the principles of sharia financing business activities include justice ('adl), balance (tawazun), kemashlahatan (maslahah), universalism (alamiyah), and do not contain gharar, maisir, usury, zhulm, risywah, and other haram objects. Financing or financing is funding provided by one party to another to support planned investments, both carried out by themselves and institutions. In other words, financing is funding issued to support planned investments. Law Number 10 of 1998 states that financing based on sharia principles is the provision of money or bills that are equated with it based on an agreement or agreement between a bank and another party that requires the financed party to return the money or bill after a certain period of time in return or profit sharing. https://journal.qubahan.com/index.php/qaj/article/view/198 |
| spellingShingle | Danial Syah Gema Rahmadani The Profit-Sharing System in Financing Islamic Banking Qubahan Academic Journal |
| title | The Profit-Sharing System in Financing Islamic Banking |
| title_full | The Profit-Sharing System in Financing Islamic Banking |
| title_fullStr | The Profit-Sharing System in Financing Islamic Banking |
| title_full_unstemmed | The Profit-Sharing System in Financing Islamic Banking |
| title_short | The Profit-Sharing System in Financing Islamic Banking |
| title_sort | profit sharing system in financing islamic banking |
| url | https://journal.qubahan.com/index.php/qaj/article/view/198 |
| work_keys_str_mv | AT danialsyah theprofitsharingsysteminfinancingislamicbanking AT gemarahmadani theprofitsharingsysteminfinancingislamicbanking AT danialsyah profitsharingsysteminfinancingislamicbanking AT gemarahmadani profitsharingsysteminfinancingislamicbanking |