Jurnal Al-Qardh
Vol 8, No 1 (2023): AL-QARDH

Mudharabah Contract as Economic Strengthening in Indonesia (Literature Study on Islamic Financial Institutions and Community Economic Activities)

Elly Ibrahim (Malaysia Sabah University)
Wahyu Akbar (State Islamic Institute of Palangka Raya)
Mujiburohman Mujiburohman (Antasari Banjarmasin State Islamic University)
Dwira Rahima (Sunan Kalijaga State Islamic University)



Article Info

Publish Date
02 Aug 2023

Abstract

Mudharabah contracts are one of the most common Islamic finance partnerships. The mudharabah contract is currently widely used in Islamic financial institutions. However, in Indonesian society, especially in the context of local economic traditions and practices, it may not be as widely implemented as in formal Islamic financial institutions. This paper uses a type of normative research. However, it also applies a library research method that examines the literature, which is analyzed qualitatively using statutory, fiqh, and sociological approaches and Sharia economic contextual approaches in society. The main principle is that Islamic banking must be able to provide profit sharing to depositors of funds at least equal to or greater than the interest rates prevailing in conventional banks. Mudharaba contracts in financial institutions and society generally aim to achieve fairness, transparency, and sustainability in economic activities based on Islamic principles. The paper tries to find out how the concept of mudharbah contracts, both in financial institutions and in practice in society, is to ensure fairness regarding mudharabah contracts.

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Journal Info

Abbrev

qardh

Publisher

Subject

Religion Humanities Economics, Econometrics & Finance Social Sciences

Description

Journal Alqardh published by Faculty of Islamic Economics and Business is aimed at being a medium for research results dissemination and scientific papers on the Indonesian economy and business among international academics, practitioners, regulators, and public. The Alqardh is issued two times ...