Application for Wakalah bi al-Ujrah Contract in Various Banks, Insurance, and Syariah Mutual Funds Indonesia According to Wahbah Zuhaili

Authors

  • Mohammad Ghozali Universitas Darussalam Gontor
  • Adinda Muftiviany Nur Jamilah Universitas Darussalam Gontor
  • Mulyono Jamal Universitas Darussalam Gontor
  • Iman Nur Hidayat Universitas Darussalam Gontor

DOI:

https://doi.org/10.21111/al-iktisab.v5i1.6204

Keywords:

Insurance, Shariah Banking, Shariah Law, Wahbah Zuhaili

Abstract

Wakalah is one of the most frequently used transactions in insurance, mutual funds, and especially Islamic banking. Insurance is one of the economic activities that we often hear about, many of these activities, such as health insurance, education, and etc. This paper uses a literature analysis method by using journals as its primary source. According to Wahbah Zuhaili there is insurance that is allowed to do and there is insurance that is illegal to do. Basically, the purpose of the insurance is having a mutual help. So if the participant does not use the insurance premium they have been paid, this premium will be allocated to others. Until there is a help-seeking action based on sincerity. However, it will be illegal if the purpose of this insurance activity is based solely on profit. Thus, it will create a synergy that will eliminate the benefits. So this insurance being an illegal activity. which is containing five elements, there are riba, gharar, gaban, qimar, and jahalah, which can damage human benefits and harms. Then insurance activity is illegal.

References

Al-Qur’an Surat al-Maidah Ayat 2.
Fadilah, Amalia, dan Makhrus. “Pengelolaan Dana Tabarru’ pada Asuransi Syariah dan Relasinya dengan Fatwa Dewan Syariah Nasional”. Hukum Ekonomi Syariah, Vol. 2 No. 1, 2006.
Fakhrunnas, Faaza. “The Performance of Islamic Mutual Funds, Why Is It Not Better than Conventional?”. Islamic Management Accounting and Economics, Vol. 1, 2018.
Fatwa DSN-MUI No. 113/DSN-MUI/IX/2017 Tentang Akad Wakalah bil Ujrah.
Fitri, Nooria. Implementasi Akad Wakalah dan Mudharabah pada Reksa Dana Syariah Sebagai Alternatif Investasi. Semarang: Universitas Islam Negeri Walisongo, 2019.
Genoveva, Viddy Cariestya et. al. “Kedudukan Hukum Akad Asuransi dalam Akad Pembiayaan Murabahah Nasabah BTPN Syariah MMS Majalengka”. Jurnal Ekonomi Syariah dan Bisnis, Vol. 1 No. 2, 2018.
Hisamuddin, Nur. “Implementasi Akuntansi Akad Wakalah bil Ujrah Perusahaan Asuransi Syariah Berdasarkan PSAK 108: Studi di PT Asuransi Takaful Keluarga”. Jurnal Addin, Vol. 8 No. 1, 2014.
Khan, M. Mansoor, and M. Ishaq Bhatti. “Islamic Banking and Finance: On Its Way to Globalization”. Managerial Finance, Vol. 34 No. 10, 2008.
Muflichah, Siti. “Implementation and Protection of Legal Law on Cash Waqf Toward Tabung Wakaf Indonesia of Dompet Dhuafa Jakarta”. Jurnal Dinamika Hukum, Vol. 17 No. 2, 2017.
Mulyawan, Setia. “Kinerja Reksa Dana Syariah dan Beberapa Faktor yang Memengaruhinya: Studi di Pasar Modal Indonesia 2010-2013”. IJTIHAD: Jurnal Wacana Hukum Islam dan Kemanusiaan, Vol. 16 No. 2, 2017.
Mustafa, Aisyah, and Asmak Ab Rahman. “The Islamic Perspective on the Underwriting of Health Takaful Products: A Study of Selected Takaful Operators in Malaysia”. New Developments in Islamic Economics, Vol. 9 No. 3, 2018.
Nihyatia, Indah. “Penerapan dan Aplikasi Akad Wakalah pada Produk Jasa Bank Syariah”. Jurnal Ekonomi dan Hukum Islam, Vol. 3 No. 2, 2013.
Paoloni, Paola, and John Dumay. “The Relational Capital of Micro-Enterprises Run by Women: The Startup Phase”. The Eletronic Library, Vol. 34 No. 1, 2017.
Peraturan Bank Indonesia Nomor 20/9/Pbi/2018 Tentang Transaksi Sertifikat Deposito Syariah di Pasar Uang.
Purnama, Deni. “Penerapan Akad Wakalah bi al-Ujroh dalam Industri Asuransi dan Lembaga Keuangan Syariah Lainnya”. Jurnal Ekonomi dan Hukum Islam, Vol. 2 No. 1, 2012.
Putra, Bintang Pratama Buana, dan Imron Mawardi. “Perbandingan Kinerja Reksadana Syariah di Indonesia Menggunakan Metode Sharpe (Studi Kasus Reksadana Syariah Saham, Reksadana Syariah Pendapatan Tetap, dan Reksadana Syariah Campuran Periode 2012-2014)”. Terapan, Vol. 3 No. 9, 2016.
Sadiani, dan Abdul Khair. “Analisis Kritis Pemikiran Wahbah az- Zuhaili Tentang Penetapan”. Fenomena, Vol. 8 No. 2, 2016.
Sawitri, Ade Nanda. “Analisis Investasi dalam Asuransi Syariah di Indonesia Terhadap Portfolio Optimal”. Media Ekonomi, Vol. 19 No. 2, 2017.
Suripto, Teguh, dan Abdullah Salam. “Analisa Penerapan Prinsip Syariah dalam Asuransi”. JESI (Jurnal Ekonomi Syariah Indonesia), Vol. 7 No. 2, 2018.
Syamsudin. Analisis Pendapat Wahbah al-Zuhaili Tentang Asuransi dalam Kitab al-Fiqh al-Islam wa Adillatuhu. Mataram: Skripsi Fakultas Syari’ah dan Ekonomi Islam Universitas Islam Negeri Mataram, 2017.

Downloads

Published

2021-06-02

How to Cite

Ghozali, Mohammad, Adinda Muftiviany Nur Jamilah, Mulyono Jamal, and Iman Nur Hidayat. 2021. “Application for Wakalah Bi Al-Ujrah Contract in Various Banks, Insurance, and Syariah Mutual Funds Indonesia According to Wahbah Zuhaili”. AL-IKTISAB: Journal of Islamic Economic Law 5 (1):50-64. https://doi.org/10.21111/al-iktisab.v5i1.6204.

Issue

Vol. 5 No. 1 (2021)

Section

Articles

License

AL-IKTISAB: Journal of Islamic Economic Law provides immediate open access to its content on the principle that making research freely available to the public supports a greater global exchange of knowledge. This journal is licensed under Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License (CC BY-NC-SA), with the following terms:

  • Attribution - You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use.
  • NonCommercial - You may not use the material for commercial purposes.
  • ShareAlike - If you remix, transform, or build upon the material, you must distribute your contributions under the same license as the original.
  • No additional restrictions - You may not apply legal terms or technological measures that legally restrict others from doing anything the license permits.