MUDARABAH DALAM FIQH ISLAM

• Main Author: Yusof Ramli (Author)
• Format: Book
• Language: Malay
• Published: Selangor Pusat Penerbitan Universiti (UPENA), Universiti Teknologi MARA 2008
• Subjects: Financial institutions; Profit-sharing; Partnership (Islamic law)
• Online Access: Click Here to View Status and Holdings.

 Mudarabah is a financial instrument that is an option in an effort to return to Islamic financial management methods. Although mudarabah is not a business activity that is directly recommended in the Qur'an, business activities that use this type of contract that have been traced back to the era before the rise of Islamic civilization are found to be in accordance with the principle of justice. Islam accepts this mudārabah business method because it was certified by the Prophet SAW and became a necessity in human efforts to work together, especially between capital owners and workers in fulfilling their respective needs. It is more in the nature of helping each other between people where the party that has capital that is unable or does not have the opportunity to trade its own capital gets expert help in the field of business from the party that is able to contribute its energy and skills that can manage the capital trading. Both parties will benefit from the cooperation. Such elements of cooperation continue to be needed by mankind to this day. Islamic legal experts have given their views on various aspects related to organizing a business system based on mudārabah contracts. Their views need to be scrutinized to ensure that the implementation of this contract takes place on the right basis and in accordance with the principles of Sharia, there are no negative elements that can bring bad effects to both parties involved. In-depth research from the aspect of jurisprudence on business activities that use this method also needs to be done in order to provide a neat and comprehensive legal framework related to its implementation to ensure that mudārabah business matters that are implemented do not deviate from business principles that can be accepted in Islamic law.