The Implementation of the Principle of Profit Sharing of Mudharabah and Musyarakah in The Realm of Community Economic Development

Ian Rakhmawan Suherli; Ahmad Hasan Ridwan; Deni Kamaludin Yusup; Sofyan Al Hakim; Yusraini Muharni

doi:10.29313/amwaluna.v9i1.3357

Authors

Ian Rakhmawan Suherli universitas islam negeri sunan gunung djati
Ahmad Hasan Ridwan Universitas Islam Negeri Sunan Gunung Djati
Deni Kamaludin Yusup UIN Sunan Gunung Djati Bandung
Sofyan Al Hakim UIN Sunan Gunung Djati Bandung
Yusraini Muharni Universitas Sultan Ageng Tirtayasa

DOI:

https://doi.org/10.29313/amwaluna.v9i1.3357

Keywords:

mudharabah, musyarakah, profit sharing, multi-contract

Abstract

This study investigates the implementation of the profit-sharing concept through mudharabah and musharakah contracts within the context of community economic growth in general. Library research methods are utilized to collect and analyze relevant literature, emphasising how these two contracts might help Muslims avoid the usury trap. The study's findings reveal that mudharabah and musharakah have become an important feature of Indonesia's Islamic financial system, helping to finance productive enterprises. Although there are obstacles to its adoption, such as a lack of public comprehension and insufficient rules, both contracts have the potential to boost economic welfare significantly. This study also emphasizes the role of Islamic scholars and financial organizations in creating and overseeing this practice to ensure that Sharia principles are not breached

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