Mudarabah Application In Shariah Public Financing Bank Karya Mugi Sentosa Surabaya

Title: Mudarabah Application In Shariah Public Financing Bank Karya Mugi Sentosa Surabaya

Authors: Sri Abidah Suryaningsih ¹ , Sri Iswati ² , Faishal Haq ³

Affiliations : Surabaya State University ¹ ; Universitas Airlangga ² ; Sunan Ampel State Islamic University ³

Publisher: IOSR Journal of Economics and Finance (IOSR-JEF)

Abstract

The purpose of this study is to analyze the operational of mudharabah contracts in BPR Sharia in Surabaya, also to analyze the people's understanding and experience on the operational of mudharabah contracts. The method applied in this study is a qualitative method with a phenomenological approach that is based on the essence of social reality and to know what is being existed in a society. The study results show that the capital owner (shohibul mal) understanding and knowledge which is already explained first about mudharabah contracts as they become the customer and their trust on the performance of BPRS KMS, while the understanding and the experience of the entrepreneur (mudharib) follows the rule of RI constitution number 21 year 2008, and also follows the Fatwa of National Sharia Council Number 02/DSN-MUI/IV/2000. As for the advantages of mudharabah savings are; the characteristics are on the Islamic pillars, the profit, the opportunity to invest for the bank and the risk of liquidation is controlled; while the disadvantage of mudharabah savings is the customer can't withdraw their money anytime and the loss is completely paid by the bank.

Keywords: Mudharabah contract, BPRS

Sources: http://www.iosrjournals.org/iosr-jef/papers/Vol9-Issue1/Version-1/C0901011929.pdf