IMPLEMENTATION OF QARDH ON ISLAMIC BANKING INDONESIA BASED ON ISLAMIC ECONOMICS THEORY

Title: IMPLEMENTATION OF QARDH ON ISLAMIC BANKING INDONESIA BASED ON ISLAMIC ECONOMICS THEORY

Authors: Falikhatun ¹ ; Sri Iswati ² ;Mohammad Saleh ³

Affiliations : 1. Business and Economic Faculty and Peer Group of Center for Islamic Economic Studies Sebelas Maret University, Surakarta, Indonesia; 2. Business and Economic Faculty, Airlangga University, Surabaya, Indonesia; 3. Business and Economic Faculty, Jember University, Jember, Indonesia

Publisher: ^2nd Conference In Business, Accounting, And Management ( ^2nd CBAM )

Abstract

This study aims to analyze about Qardh implementation on Islamic Banking Indonesia based on Islamic Economics Theory. The method of this research is qualitative and the paradigm used is interpretive. Data collection is in-depth interviews, observation, and documentation, while the analysis taken is Interpretative Phenomenological Analysis (IPA) and Syar'i Analysis.

Interpretative Phenomenological Analysis (IPA) results show that according to the experience of Muqridh implementations object of Qardh on Islamic Banking Indonesia include Salary Down Payment, Hajj Bailout Fund, Gold Rahn, and Hawalah, while the results based on Syar'i Analysis concluded that most of Qardh objects are not in accordance with Islamic Economic Theory,

The proposed idea is for developing Qardh object, which refers to a social object that has a high Maslahah value for Muslim society in Indonesia, with contracts which do not violate Shar'i, such as replacing Salary Down Payment into Murabaha financing, Hajj Bailout Funds become Hajj Savings, Gold Rahn becomes Rahn Tasjily, and Hawalah bil Mudaraba / Hawalah bil Musharaka becomes Syirkah Amlak and Musharaka Mutanaqishah.

Keywords: Islamic Economic Theory, Interpretative Phenomenological Analysis, Muqridh

Sources: http://jurnal.unissula.ac.id/index.php/cbam/article/view/311/258