SAVINGS INVESTMENTS IN SHARIA BANKS IN THE PERSPECTIVE OF SHARIAH ECONOMIC LAW (CASE STUDY AT “BANK SYARIAH BUKOPIN”)
Journal Title: Journal of Economicate Studies - Year 2017, Vol 1, Issue 2
Abstract
There are three motives a person to save funds through savings in the Conventional Bank: security, plans and investment. Implementation of interest system in Conventional banks is a very fundamental constraint for a Muslim to invest his funds in the bank. Because in the view of the scholars of the flower system is identical with the usury (riba) that is forbidden in Islam. It turns out long before the birth of money storage system in conventional bank interest, in classical fiqh literature known the concept and theory of al wadiah and mudharabah which is substantially no differences from the savings and investment savings offered by conventional banks. This paper discusses the theory, concepts and implementation of al wadiah as non-interest investment savings applied in sharia bank in the perspective of shariah economic law, by looking at case examples of the saving products of Bank Syariah Bukopin (BSB). It was found that all investment contracts in savings products offered by BSB were in accordance with the principles of shariah; as outlined in the Qur'an and Sunnah as the basis of Shariah, as well as Law Number 21 Year 2008 and Law no. 10 year 1998, Bank Indonesia Regulation (Peraturan Bank Indonesia [PBI]), Compilation of Islamic Economic Law (Kompilasi Hukum Ekonomi Syariah [KHES]) and Fatwa of National Sharia Board (Dewan Syariah Indonesia [DSN]) Indonesian Council of Ulama (Majelis Ulama Indonesia [MUI])
Authors and Affiliations
Agus Samsudin, Mohamad Athoillah
Keywords
Related Articles
- EP ID EP447794
- DOI 10.32506/joes.v1i2.175
- Views 92
- Downloads 0
PRODUCT INNOVATION OF SHARIA FINANCIAL INSTITUTION: THEORY REVIEW
Competitions in the financial industry are so tight that sharia banks can no longer simply rely on standard products to attract the public. The development of sharia banking products and services should not merely 'imita...
THE REVIEW OF OPENING PROCEDURES OF SHARIA BASED SAVING IN SHARIA FINANCIAL SERVICES COOPERATION BMT MITRA SADAYA BRANCH OF PURWAKARTA
This article describes the variation of syariah savings in the institution of the temple al-Maal wa al-Tamwil (BMT) Mitra sadaya. The approach used in this study is a qualitative approach and the type of data used in thi...
DETERMINATION OF PRICE AND CUSTOMER SATISFACTION
Price policy or a value can affect the human mindset, considering its activities by using logic including in considering its needs as a customer of a product. a person or customer will choose which product performance is...
IMPLEMENTATION OF THE CONCEPT OF AL-'UQÛD AL-MURAKKABAH ON SHARIA FINANCIAL INSTITUTIONS
This paper is intended to analyze philosophically about the existence of al-'Uqûd al-Murakkabah. This paper focuses its assessment on the opinions of scholars of hadith and fiqh (muamalah), as well as its application in...
THE INFLUENCE OF DISCOUNTS, PRODUCT COMPLETENESS, AND LOCATION AGAINST CONSUMER PURCHASE DECISION (VIA GOOGLE FROM): STUDY AT BOOK SALES CENTER KOMPLEK TAMAN PINTAR YOGYAKARTA
This article discusses consumer purchase decisions that can be affected by discounts, product completeness, and location. Respondents in this study as many as 100 people. Data were collected using questionnaires in the f...