Profit and Loss Sharing (PLS) as Basis Characteristic of Islamic Banking: An Analysis of Mudharâbah Contract
DOI:
https://doi.org/10.21111/al-iktisab.v1i1.2383Keywords:
Profit, Loss, Sharing, Mudhârabah, Islam, BankAbstract
Mudhârabah constitutes one of the products in Islamic banking. It is a cooperationcontract between two parties, where one party (rabbul mâl) provides 100% fund andother (mudhârib) provide work. Profit will be shared between two parties according to apre-determined profit sharing ratio contract known as nisbah. In the case of loss, thecapital owner shall bear the monetary loss and manager or entrepreneur shall loose thereward of his effort unless caused by negligence or violation by mudhârib. This is coreconcept of mudhârabah, which gives fair business cooperation between two parties. Thisstudy will explore basis characteristics of mudhârabah in Islamic banking. The findingsare that Islamic banking has certain basic characteristics from PLS such as as justsystem, as tool of efficient allocation of capital, as productive contract that support whohave business either micro, middle or macro level, and as medium to reach the objecticveof Islamic economics.References
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Regulasi, dan Implementasi. Yogyakarta: Gadjah Mada
University Press, 2009.
Ayyub, Muhammad. Understanding Islamic Finance. England: John
Wiley & Sons Ltd, 2007.
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University Press, 2009
Djamil, Fathurrahman. Penerapan Hukum Perjanjian Dalam
Transaksi di Lembaga Keuangan Syariah. Jakarta: Sinar
Grafika, 2012
Dahlan, Ahmad. Bank Syariah: Teori, Praktik, dan Kritik Yogyakarta:
Teras, 2012.
Hasanu, Laode, Priantina, Anita & Febriani, Dewi, “Improving
Sharia Risk Compliance: Proposing Daily Index for
Mudhârabah Contract in Islamic Banks in Indonesia,†Tazkia
Islamic Finance and Business Review (TIFBR),Vol. 7 No. 1 (2012):
29-48.
Heykal, Mohamad dan Nurul Huda. Lembaga Keuangan Islam:
tinjauan Teoritis dan Praktis. Jakarta: Kencana, 2010.
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Karim, Adiwarman Azwar. Bank Islam: Analisis Fiqih dan Keuangan.
Jakarta: IIIT Indonesia, 2003.
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ketiga. Jakarta: Raja Grafindo Persada, 2006.
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Raja Grafindo Persada, 2004.
Misri, Rafiq Yunus. Fiqh Al-Mua>malah al-Ma>liyah. Damskus: Daru;
Qalam, 2005.
Saeed, Abdullah. Menyoal Bank Syariah: Kritik Atas Interpretasi
Bunga Bank Kaum Neo-Rivalis, terj. Arif Maftuhin. Jakarta:
Paramadina, 2004.
Udivitch, Abraham L. Kerjasama Syariah dan Bagi Untung-Rugi
Dalam Sejarah Islam Abad Pertengahan, terj. Syafrudin Arif
Marah Manunggal. Kediri: Qubah, 2008.
Zeineb, Ghada Ben and Mensi, Sami “Does the PLS Paradigm Spur
the Islamic Banks Vs Conventional Banks Soundness: Case
of the Global Financial Crisis,†Journal of Economics and
Development Studies, Vol. 2 No. 3. (2014): 177-192.
AAOIFI, 2004-5a, Standard on mudhârabah, clause 7/3.
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Published
2017-05-31
How to Cite
Ghozali, Mohammad, and Andy Kurniawan. 2017. “Profit and Loss Sharing (PLS) As Basis Characteristic of Islamic Banking: An Analysis of Mudharâbah Contract”. AL-IKTISAB: Journal of Islamic Economic Law 1 (1):55-68. https://doi.org/10.21111/al-iktisab.v1i1.2383.
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