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Islamic Financial Contracts in Addressing The Shortcoming of Conventional System
The financial maode of financing under concentional system is based on Riba, Gharar and Maysir which is prohibited under Maqasid al-Shariah principles. Therefore, the Islamic bank arises as an alternative solution to fulfill the need of financing scheme that in the line of Sharia'ah. The objective of this paper is to addressthe shortcomings of conventional systems.However, there are issues that occur in the debr-based financing in Islamic Financial contracts which have the similar concept as interest, which are Bay' Al Murabahah, Bay' Bithamana Ajil (BBA), Bay Al Inah, Bay al-Dayn, Ijarah (Al Ijarah Tsumma Al-Bay/AITB). In this paperr, we will explain in terms of concept, application, formulation and also case study of court cases.
PEN 19/015 | Referensi | Tersedia |
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