ARTIKEL

Abstract : The Indonesian government has now developed a QRIS EPayment for non-cash transaction between MSMEs and customers. MSMEs are the main channel for the success of the program through various transaction services provided to customers. This study aims to investigate the determine customers intention to adopt of QRIS e-Payment in Indonesia. Extended of UTAUT Theory will be used to investigate. Partial least squares structural equation modeling (PLS-SEM) was use to analyze the data. Using the purposive sampling technique, this study collected 195 respondents. We found that There are two main variables driving the customer in adopting of QRIS e-payment, namely social influence and facilitating conditions. Meanwhile, the variable performance expectancy and effort expectancy have a positive but insignificant effect. This result implies that In order to increase customer intention to use the QRIS e-payment system by consumers in Indonesia, QRIS service providers need to form a favorable opinion in society by increasing social influence through collaborating with community leaders or important people in their community and facilitating services that facilitate community adopts QRIS. This will encourage customer intention to adopt of QRIS e-payment and accelerate the migration of cash transactions to non-cash transactions in Indonesia. 

Abstract : This research aims to look at the role of Islamic financial literacy component in creating financial inclusion and developing micro-businesses in Indonesia. Cross sectional research design was employed in this study and data were collected from 138 micro-business located in Pekanbaru, Indonesia. The data was analyzed using path analysis and IBM SPSS 26 was adopted to testing the hypotesis. This study revealed that only two of Islamic financial literacy components positively and significant influences Islamic financial inclusion. This study also found that only one component of Islamic financial literacy positively and significantly influences microbusiness performance. Other findings show a positive and significant relationship between Islamic financial inclusion and micro-business performance. This study indicates that component of Islamic financial literacy play an important role in promoting Islamic financial inclution which is necessary for growth of micro-business in Indonesia. Owner or manager of micro-business should increase their Islamic financial literacy through various training programs. This is the first study in Indonesia in investigating the role of Islamic financial litaracy on financial inclusion and micro-business development . This study has limitations in sample size and research location. 

Abstrak : Penelitian ini bertujuan untuk mengetahui seberapa kuat Pengaruh Kualitas penerapan Good Corporate Governance dan Resiko Pembiayaan (NPF) terhadap ROA Bank Umum Syariah Periode 2020-2022. Jenis penelitian ini adalah penelitian kuantitatif dengan menggunakan data sekunder dalam bentuk time series yang berupa Laporan Tahunan dan Laporan Good Corporate Governance Bank Umum Syariah yang telah dipublikasikan. Populasi dalam penelitian ini ialah 13 Bank Umum Syariah. Teknik pengambilan sampel menggunakan Purposive Sampling, dan diperoleh 11 Bank Umum Syariah. Metode yang digunakan adalah analisis deskriptif, analisis asumsi klasik, analisis regresi linear berganda dan uji hipotesis menggunakan uji koefisien determinasi, uji t parsial dan uji f simultan. Hasil penelitian Tidak terdapat pengaruh yang signifikan antara Good Corporate Governance (GCG) terhadap Return On Assets (ROA) pada Bank Umum Syariah di Indonesia periode 2020-2022, sedangkan Non Performing Financing berpengaruh negatif signifikan terhadap Return On Assets terhadap Bank Umum Syariah periode 2020-2022. Dan Good Corporate Governance dan Non Performing Financing berpengaruh secara simultan terhadap Return On Asset Bank Umum Syariah periode 2020-2022. 

Abstract : Sharia economic literacy has not touched much on the practice of illicit buying and selling in contemporary financial transactions. Based on a preliminary survey as well as the request of community leaders, a community service activity that carries out literacy on the said subject is needed to be conducted. The method used is Service-Learning which provides an active learning model, the method of which is not only face-to-face lectures but also provides a sense of responsibility of presentations as part of society. This activity involved 71 participants, of which 51 out of 71 were willing to fill out the questionaire. The result shows that this community service activity has helped participants in understanding prohibited buying and selling in contemporary transactions. The presentation on Sharia provisions in buying and selling improved the awareness and knowledge of illicit transactions. Referring to the activity evaluation, this community service is beneficial, being reflected by the improvement of participants' comprehension and the increased level of literacy before and after the program. 

Abstrak : Penelitian ini dilatar belakangi oleh adanya kenaikan pada pertumbuhan transaksi mobile banking dari tahun 2019 (15,4 juta), 2020 (33,8 juta), 2021 (46,4 juta), 2022 (124,54 juta). Penelitian ini bertujuan untuk menganalisis Pengaruh Citra Merek, Kualitas Pelayanan Dan Kepercayaan Terhadap Loyalitas Nasabah Pengguna Mobile Banking (Studi Kasus Pada Bank Syariah Indonesia). Responden dalam penelitian ini adalah Nasabah Bank Syariah Indonesia yang menggunakan aplikasi mobile banking. Metode pengumpulan data dilakukan dengan metode purposive sampling, total sampel yang diambil dari penelitian ini adalah 100 responden nasabah Bank Syariah Indonesia. Data yang diperoleh kemudian diolah dengan menggunakan alat bantu SPSS versi 22 dan dianalisis dengan analisis regresi linier beganda. Analisis ini meliputi uji validitas, uji reliabilitas, uji multikolinieritas, uji heteroskedastisitas, uji normalitas, uji Ttest, uji Ftest, analisis regresi linier berganda, uji R (koefisien determinasi).adapun hasil dari penelitian ini adalah ada 3 faktor yang mempengaruhi loyalitas nasabah  yakni citra merk,kualitas pelayanan, dan kepercayaan.

Abstract : This  study  aims  to  determine  what  factors  influence  MSMEs  in  the creative  economy  sector  in  deciding  on  Islamic  Banking  financing  in Indonesia.  We  investigated  the  role  of  Islamic  financial  awareness, Islamic   financial   knowledge,   and   Islamic   financial   skills.   We   also examine whether the decision to use Islamic Banking financing impacts business performance. By using a path analysis approach, the results of this  study  show  that Islamic  financial  awareness  and  financial  skills positively impact the decision to finance in Islamic banking. Meanwhile, the  decision  to  finance  in  Islamic  banking  has  a  positive  effect  on business performance, but insignificant. Other results show that Islamic financial   skills   positively   and   significantly   impact   MSME   business performance. The results of this study imply that business actors in the creative  economy  sector  must  be  given  an  understanding  of  Islamic financial  skills  and  Islamic  financial  awareness.  On  the  other  hand, Islamic  banking  must  expand  financing  in  the  creative  economy  sector through  a  more  competitive  financing  scheme  so  that MSMEs  can easily  access  it.  Expanding  access  to  Islamic  financing  for  MSMEs  is expected to accelerate the inclusion of Islamic finance in Indonesia. This study  is  a  preliminary  investigation  in  Indonesia  of  Islamic  Banking Financing for the creative economy

Abstract : Masyarakat Indonesia adalah masyarakat yang pluralistik. banyak suku, budaya dan agama yang berbeda. Salah satu hal yang sedang booming saat ini adalah terkait dengan masalah agama. Agama yang dimaksud adalah Islam, karena mayoritas penduduk Indonesia beragama Islam. Dengan komunitas mayoritas Muslim, ini adalah bidang kapitalis yang berorientasi bisnis. Kapitalis ini mencoba mengawinkan segala aktivitas bisnis dengan Islam, inilah yang disebut komodifikasi agama. dalam penelitian ini bertujuan untuk mendeskripsikan komodifikasi agama ditinjau dari aset yaitu perumahan syariah. Penelitian ini menggunakan metode kualitatif. Hasil Pada dasarnya konsep perumahan syariah mengawinkan konsep perumahan konvensional yang sudah ada dengan konsep religi sehingga membentuk gaya hidup dan identitas baru dikalangan masyarakat perkotaan, strategi pemasaran dengan konsep arisan adalah berbagai cara pengembang menggunakan simbol-simbol agama untuk berjualan. produk mereka. Penggunaan simbol-simbol agama dalam penjualan rumah islami dianggap sebagai bentuk komodifikasi keagamaan.

Abstract : Infaq is something that is very interesting at this time to be discussed and developed in the world of muamalah, where infaq is part of ZISWAF. Infak is a very interesting instrument that is developed in an open public manner into a real movement in strengthening the existence of Islamic Economy itself. Therefore, the aim of this study to elaborate the concept of infaq based on Quranic view and to determine the role of infaq in empowerment of society, particularly to de economic development for the poor. Thematic interpretation is a method using an approach to current contemporary themes, which requires problem solving from verse reviews, munasabah verses, asbabun nuzul, interpretation of verses and hadiths related to Infaq friends and related to current problems and the best solution is sought. In the Qur'an itself, there are many verses that discuss infaq, but the author focuses on Surah Al-Furqan: 67 (Makkiyah) which relates to the ability of people to give infaq, letters to 2, namely Al-Baqarah: 167 (Makkiyah) relating to people who donate will get a reward both k in this world or in the hereafter, the third letter is Surah Al-Baqarah: 274 (Madaniyyah) which discusses giving infaq in secret. Here the author also discusses Adab and Ethics in giving because this is very important and there is the greatest wisdom for people who likes to donate. The finding of this study are: in the Qur’an Allah mentions several verses regarding the issue of infaq and the role of infaq in economic empowerment has a significant relation to the welfare of mustahik. 

Abstrak : Imam Al-Ghazali merupakan salah seorang ahli pikir yang telah meninggalkan pengaruh begitu besar dalam peradaban Islam. Mendapatkan gelar Hujjatul Islam, Zainuddin dan Mujaddid. Imam Al-Ghazali juga sangat produktif dalam menghasilkan karya tulisan dengan berbagai pembahasan dari berbagai disiplin ilmu dan memiliki pengaruh besar terhadap pemikiran Islam secara universal, termasuk pemikirannya terhadap konsep harta dan kesejahteraan. Dalam dunia Tasawuf, al-Ghazali memiliki peran penting melalui gerakan orthodoksi sufisme. Al-Ghazali mengikis semua ajaran tasawuf yang menurutnya tidak Islami. 

Abstract : This article discusses the Book of Sahih al-Bukhari which includes writing about the Biography of Imam al-Bukhari, the full name of the book of hadith, the number of traditions, the assessment of scholars on the Book of Sahih al-Bukhari, the Book of Sahih al-Bukhari and the systematics of discussion in the Book of Sahih al-Bukhari. This study uses qualitative research methods with the type of literature review research. Based on the results of the study, it can be concluded that the book of Sahih al-Bukhari is the first book of hadith that contains only authentic traditions. Sahih al-Bukhari is the most authentic book after the Qur'an. Through his work, al-Bukhari earned the title of Amirul Mu'minin in the field of hadith. 

Abstract : This study aims to determine Islamic fintech in the perspective of Islamic law with a qualitative descriptive method. The type of research used in this study is a literature study obtained from various sources. The results obtained indicate that Sharia fintech is a discussion of contemporary fiqh that has not been decided in the Qur'an and the Hadith of the Prophet SAW, thus using ijma (ulama consensus) as a source of law. The Indonesian Ulema Council issued the Fatwa of the National Sharia Council-Indonesian Ulema Council (DSN-MUI) No. 117/DSN-MUI/II/2018 concerning Information Technology-Based Financing Services Based on Sharia Principles. The fatwa is in accordance with Islamic law and has clear legal protection and is contained in the legislation. 

Abstract : This research discusses wealth and welfare through the thought of Abu Ubaid, who is known as the Amwal and Al-Kharaj books. The problem of this research is related to taxes and zakat which are managed by the state which are not in accordance with their designation, in the sense that the current tax is burdened more on Muslims than on importers or non-Muslims. The purpose of this research is that the thoughts of Abu Ubaid regarding wealth and welfare can be an inspiration for our country in managing taxes and zakat. The research method used in this research is using qualitative research, descriptive analytical, the data used in this research is secondary data from previous studies. The results of this research show that the concept of wealth and welfare of Abu Ubaid's  is good and very relevant to be applied in Indonesia. 

Abstract : The basic thing related to the management of waqf, which is very lacking, is the absence of operational funds for nazhir and the low level of education and socialization of waqf. While the potential for our waqf is large, reaching Rp. One hundred eighty trillion for cash waqf, and the potential value of the waqf is Rp. 2,000 trillion while the current total waqf funds are only Rp. 819.36 billion. The purpose of this study is to create a waqf and zakat, you tuber model. This research method is qualitative with a list of librarians sourced from data from journals, books, etc., related to waqf, infaq and sadaqah. The results of this study are that there are two models that BWI can use in terms of waqf fund Fundraising Innovation, namely through waqf models and zakat you tuber synergies with you tubers/creator content and selebgram or the second model, namely waqf, Infaq Shadaqah waqf content where BWI creates waqf content for waqf project management or BWI creates Infaq and Sadaqah content for Nazhir and Mauquf Alaih operations. 

Abstract : Garbage is a classic and unsolved problem in Indonesia. According to data from the Ministry of Environment and Forestry (KLHK), Indonesia's amount of waste reaches 67.8 million tons consisting of 57% organic, 15% plastic, 11% paper, and 17 other waste. However, a garbage bank has established, even though its role still minimal compared to the City Waste Power Electric (PLTSa). By using ANP (Analytic Network Process) this qualitatively descriptive paper shows that the essential aspects from PLTSa are Institution and community. The problem of PLTSa is divided into three aspects such as expensive, 3T, and environment. In this case Waqf institutions such as education, socialization and cost. The issues of society are literacy, habits, lazy. Mapping solutions, in-depth studies, collaborations, webinars. Strategies in improving the environment security, among others, are the synergy of waqf institutions with the government, BOT system between Waqf Institutions and private businesses, and the last collaboration between waqf institutions and waste banks.  

Abstract : Support provided by BAZNAS and LAZNAS has a positive impact on the success of micro business development programs and poverty alleviation. The population in this study are mustahiq who have received an empowerment program from BAZNAS and LAZNAS with a total sample size are 89 mustahiq. Data were collected using a questionnaire with a Likert scale of 1 – 5 and were analyzed using Path Analysis. The results of this study indicate that the organizational support provided by LAZNAS tends to be better when compared BAZNAS. This study also found an important fact that the mustahiq micro-business development program was able to alleviate poverty. The results of this study imply that to get a maximum result of mustahiq micro-business development, BAZNAS must evaluate and innovate the mustahiq micro-business development program. Meanwhile, LAZNAS must provide more optimum support for capital assistance and mentoring to get a maximum impact. This is the first study in comparing the micro-business development between BAZNAS and LAZNAS in Indonesia.   

Abstract : Islamic mutual funds are an alternative for Muslim people who want to invest with a small capital and minimal time and knowledge. One of the benchmarks for the performance of Islamic mutual funds is Net Asset Value. This article aims to examine the effects of inflation, exchange rates, the BI 7 Days Repo Rate and the rate of return on Net Asset Value. The sample in this study is time series data obtained from PT Danareksa Investment Management, the Financial Services Authority and Bank Indonesia for the period January 2015 to December 2019. The analysis technique used in this study is the Vector Error Correction Model to determine the long-term and short-term effects with using eviews software 8. Based on the long-term test results, the rate of return has a positive effect on Net Asset Value. Inflation has a positive effect on Net Asset Value. Exchange rate has a positive effect on Net Asset Value. And BI 7 Days Repo Rate has a negative effect on Net Asset Value. Meanwhile, based on the short-term test results, the rate of return has a positive effect on Net Asset Value. Inflation has a negative effect on Net Asset Value. Exchange rate has a negative effect on Net Asset Value. And BI 7 Days Repo Rate has a positive effect on Net Asset Value. 

Abstrak : Penelitian ini bertujuan untuk mengetahui pengaruh good corporate governance, profitabilitas, kebijakan deviden terhadap nilai perusahaan pada konstituen Jakarta Islamic Index 70. Populasi dalam penelitian ini adalah perusahaan yang terdaftar di Jakarta Islamic Index 70 tahun 2018-2020. Teknik pengambilan sampel yaitu purposive sampling dan diperoleh 49 perusahaan dengan periode penelitian selama 2 tahun. Metode analisis data yang digunakan adalah analisis regresi data panel dengan menggunakan software E-views 8 Student Version. Hasil penelitian menunjukkan bahwa secara simultan good corporate governance, profitabilitas dan kebijakan deviden berpengaruh signifikan terhadap nilai perusahaan. Secara parsial, hasil penilitian menunjukkan good corporate governance dan kebijakan deviden tidak berpengaruh signifikan terhadap nilai perusahaan. Sedangkan profitabilitas berdasarkan hasil penelitian menunjukkan berpengaruh signifikan terhadap nilai perusahaan.

Abstrak : Penelitian ini bertujuan untuk mengetahui peningkatan budaya organisasi dengan pendekatan Structural Equalition Modelling (SEM) pada Sekolah Islam Asy-Syukriyyah Tangerang. Model dikembangkan dari teori budaya organisasi Stephen Robbins yang meliputi tujuh perspektif. Penelitian ini adalah penelitian lapangan (field research) dengan pendekatan penelitian kualitatif. Teknik pengumpulan data dilakukan dengan observasi, wawancara, dokumentasi dan menyebar kuesioner. Informan penelitian meliputi seluruh manajemen pada enam unit pendidikan jenjang dasar dan menengah di bawah Yayasan Islam Asy-Syukriyyah Tangerang. Meliputi TKIT Asy-Syukriyyah, SDIT Asy-Syukriyyah, MI Plus Asy-Syukriyyah, SMPIT Asy-Syukriyyah, MTs Plus Asy-Syukriyyah dan SMAIT Asy-Syukriyyah. Teknik analisa menggunakan software GeSCA version 1.5 untuk mengetahui pengaruh antar perspektif budaya organisasi. Hasil penelitian menunjukkan implementasi dari seluruh perspektif budaya organisasi pada manajemen Sekolah Islam Asy-Syukriyyah menggambarka hasil yang baik. Selain itu hasil penelitian menunjukkan perspektif inovasi pengambilan resiko dan perhatian pada detail berpengaruh terhadap perspektif orientasi hasil, orientasi individu dan orientasi tim. Perspektif inovasi pengambilan resiko dan perhatian pada detail tidak berpengaruh terhadap perspektif agresivitas dan stabilitas. Perspektif orientasi hasil, orientasi individu dan orientasi tim berpengaruh terhadap perspektif agresivitas dan stabilitas. Perspektif pengambilan resiko dan perhatian pada detail berpengaruh terhadap agresivitas dan stabilitas dengan perspektif orientasi hasil, orientasi individu dan orientasi tim sebagai variabel intervening

Abstrak : Penelitian ini bertujuan untuk menganalisis pengaruh variabel Ukuran Perusahaan, Leverage, Profitabilitas, dan Likuiditas Terhadap Pengungkapan Corporate Social Responsibility (CSR) Pada Perusahaan yang terdaftar di Indeks Saham Syariah Indonesia Tahun 2015-2018. Penelitian ini menggunakan jenis penelitian kuantitatif. Sumber data dari penelitian ini diperoleh dari laporan keuangan tahunan (Annual Report) dan laporan keberlanjutan (Sustainability Report). Hasil penelitian ini menunjukan bahwa Ukuran Perusahaan  yang  diukur dengan total asset (Size), dan Likuiditas yang diukur dengan Current Ratio (CR) mempengaruhi pengungkapan CSR. Sementara itu variable Profitabilitas yang diukur dengan return on asset (ROA) dan leverage (DER) tidak berpengaruh terhadap pengungkapan CSR. Hasil penelitian ini memberikan implikasi bahwasanya untuk meningkatkan mengungkapkan program CSR, maka perusahaan perlu didukung untuk meningkatkan ukuran perusahaan dan peningkatan likuiditas. 

Abstrak : Sharia products in the capital market develop through a variety of sharia investment products that continue to increase in number and are supported by strong regulations, both in terms of the Financial Services Authority (OJK) and the National Sharia Council of the Indonesian Ulema Council (DSN MUI). The screening process for sharia shares includes two aspects that must be fulfilled by issuers in order to enter the sharia stock index, namely the qualitative and quantitative aspects. This paper will discuss problems that arise and raise debates among academics and Islamic practitioners in the screening process for stocks listed on the Islamic stock index and the shariah compliance analysis based on finantial ratio aspects 

Abstrak : PT Bank Muamalat Indonesia Tbk adalah bank syariah pertama di Indonesia yang didirikan pada tahun 1991 dan mulai beroperasi pada tahun 1992. Namun demikian kinerja keuangannya kurang baik, terbukti pada awal tahun 2018 akan diakuisisi dikarenakan persoalan permodalan. Peneliti tertarik untuk melakukan penelitian ini dengan tujuan untuk mengetahui kinerja keuangan PT Bank Muamalat Indonesia Tbk tahun 2013-2017. Penelitian ini adalah penelitian deskriptif kuantitatif dengan alat analisis SPSS 22.Data penelitian berupa data sekunder yang diperoleh dari laporan tahunan (annual report) Bank Muamalat Indonesia dari tahun 2013 hingga 2017. Metode yang digunakan adalah Sharia Conformity and Profitability (SCnP) yang diukur dengan indikator kesesuaian syariah dan profitabilitas. Hasil penelitian menujukkan bahwa kinerja keuangan Bank Muamalat Indonesia selama tahun 2013-2017 berada pada titik koordinat X = 83,30 dan Y = 1,99 dengan posisi Lower Left Quadrant (LLQ)

Abstrak : Produk syariah di pasar modal berkembang melalui beragam produk investasi syariah yang terus bertambah jumlahnya dan ditunjang dengan regulasi yang kuat, baik dari sisi Otoritas Jasa Keuangan (OJK) maupun dari Dewan Syariah Nasional Majelis Ulama Indonesia (DSN MUI). Proses screening terhadap saham syariah meliputi dua aspek yang harus dipenuhi emiten agar dapat masuk indeks saham syariah, yaitu aspek kualitatif dan aspek kuantitatif. Tulisan ini akan membahas permasalahan yang timbul dan memunculkan perdebatan di kalangan akademik dan praktisi Islam dalam proses screening terhadap saham yang terdaftar pada indeks saham syariah. 

Abstrak : This study aims to obtain empirical evidence about the effect of corporate governance on profitability and its impact on company value. To measure the level of implementation of corporate governance, an index that has been developed based on relevant regulations and previous research is used. This study uses a purposive sampling method from the constituents of the Indonesian Syariah Stock Index (ISSI) in 2017. There are 50 companies that meet the criteria for the study sample. Data analysis using the Structural Equation Model (SEM) approach with the GeSCA Version 1.5 Web analyzer. The results of this study indicate that corporate governance has a positive and significant effect on profitability, while corporate governance does not affect the value of the company. Profitability affects the value of the company. Corporate governance affect the value of the company mediated by profitability. 

Abstrak : Pasar uang merupakan tempat pertemuan antara pihak yang memiliki surplus dana dengan pihak yang mengalami defisit dana, dimana dananya berjangka pendek, yaitu dana berjangka waktu kurang dari satu tahun. Pasar uang dalam perspektif Islam hanya diperbolehkan pada pasar uang yang tidak menggunakan sistem bunga dan bisa diganti dengan alternatif akad seperti mudharabah, musyarakah, al-qard, wadiah, dan alsharf dan menghilangkan unsur gharar dan maysir yang terkandung didalamnya. Aplikasi sistem keuangan syariah pada pasar uang diantaranya adalah Sertifikat Bank Indonesia Syariah (SBIS), Repurchase Agreement (Repo) SBIS, Surat Berharga Syariah Negara (SBSN), Repurchase Agrement (Repo) SBSN, dan Pasar Uang Antar Bank Syariah (PUAS) 

Abstrak : Hukum bisnis syariah adalah keseluruhan dari peraturan-peraturan dan ketentuan-ketentuan hukum yang berkaitan dengan praktik bisnis secara syar’i atau sesuai dengan syariah, guna meningkatkan kesejahteraan dan kemaslahatan manusia. Islam telah mengatur setiap muslim dalam bekerja bukan hanya sekedar untuk meraih kesuksesan di dunia ini, namun juga untuk kesuksesan di akhirat. Hal tersebut telah diatur dalam Al-Qur’an sebagai sumber hukum bisnis yang merupakan sebuah sistem hukum yang komprehensif, memadukan prinsip-prinsip bisnis, dan moral sekaligus. Bertujuan untuk menetapkan perlindungan (himayah) terhadap kemaslahatan manusia dengan menjamin kebutuhan primer, sekunder, dan kebutuhan tersier. Bukan hanya mencarinya, tetapi membelanjakan rezeki juga harus sesuai dengan ketentuan dalam agama

Abstrak : This paper will discuss Islamic studies on religious life and muamalah activities with regional approaches in Southeast Asia, especially in Muslim minority communities in Myanmar, Thailand and the Philippines. The discussion begins with the understanding of Islamic studies, the background of the spread of Islam in Southeast Asia, and the development of muamalah Muslim minority communities in Southeast Asia, especially in Myanmar, Thailand and the Philippines. Their position as a minority influences the development of religious institutions. In the process of national integration launched by the government, Muslim communities face changes in social and political orientation 

Abstrak : Islam has constrained the freedom to engage in business and financial transactions on the basic of a number of prohibitions, ethics and norms. The prohibitions that we shall discuss here are Maisir and Gharar. As a rule, Islamic Law does not recognize transactions that have proven illegitimate factor and/or object. for that purpose, Shari'ah has identified some elements which are to be avoided in commerce or business transaction. in this regard. the prohibition of Maisir and Gharar is the most stretegic factor that defines invalid and voidable contracts and demarcates the overall limits which should not be crossed. Gharar refers to the uncertainty or hazard caused by lack of clarity regarding the subject matter or the price in a contract or exchange. Maisir refers to easily available wealth or acquisition of wealth by chance, whether or not it deprives the others right.

Abstrak : Islam has constrained the freedom to engage in business and financial transactions on the basic of a number of prohibitions, ethics and norms. The prohibitions that we shall discuss here are Maisir and Gharar. As a rule, Islamic Law does not recognize transactions that have proven illegitimate factor and/or object. for that purpose, Shari'ah has identified some elements which are to be avoided in commerce or business transaction. in this regard. the prohibition of Maisir and Gharar is the most stretegic factor that defines invalid and voidable contracts and demarcates the overall limits which should not be crossed. Gharar refers to the uncertainty or hazard caused by lack of clarity regarding the subject matter or the price in a contract or exchange. Maisir refers to easily available wealth or acquisition of wealth by chance, whether or not it deprives the others right.