Asuransi Syariah dalam Praktik (Studi Analisis Terhadap Shariah Compliance)

The prohibition against gharar, gambling, and riba, is aimed to distance people from the act of taking property or the property of another by any wrongful means. In order to ensure those prohibited practices not happened in the company’s operations, syari’ah insurance company implements rules derived from the teachings of Islam. When conventional insurance can’t be separated from the elements of gharar, gambling, riba, riswah, and zhulm, the operation of  syaria’ah insurance must be free from the prohibited practices, whether it is in the element of contract, product, investment, re-insurance, policy, marketing, or claims settlement. When conducting business with customers, syari’ah insurance must also be free from any transactions that contain elements of khidâ ', ghaban, tadlis, jahala, khiyânah, riswah, ihtikar. For syari’ah insurance to be free from those that are forbidden, the operation should not only focused on enforcing Islamic contract, products and systems alone, but also utilizes trusted human resources. Without the human resources that understand mu'amalah Shari'ah and Islamic law, the Islamic contracts will be easily diverted. Whatever the argument, there are chances that can create inconsistent practices with the basic foundation in Islamic financial institutions without exception on syari’ah insurance.DOI: 10.15408/ess.v4i3.243

Asuransi Syariah dalam Praktik (Studi Analisis terhadap Shariah Compliance)

The prohibition against gharar, gambling, and riba, is aimed to distance people from the act of taking property or the property of another by any wrongful means. In order to ensure those prohibited practices not happened in the company's operations, syari'ah insurance company implements rules derived from the teachings of Islam. When conventional insurance can't be separated from the elements of gharar, gambling, riba, riswah, and zhulm, the operation of syaria'ah insurance must be free from the prohibited practices, whether it is in the element of contract, product, investment, re-insurance, policy, marketing, or claims settlement. When conducting business with customers, syari'ah insurance must also be free from any transactions that contain elements of khidâ ', ghaban, tadlis, jahala, khiyânah, riswah, ihtikar. For syari'ah insurance to be free from those that are forbidden, the operation should not only focused on enforcing Islamic contract, products and systems alone, but also utilizes trusted human resources. Without the human resources that understand mu'amalah Shari'ah and Islamic law, the Islamic contracts will be easily diverted. Whatever the argument, there are chances that can create inconsistent practices with the basic foundation in Islamic financial institutions without exception on syari'ah insurance.DOI: 10.15408/ess.v4i3.243

Asas Indemnitas dan Kafâlah dalam Asuransi Syariah

The main objectives of a person to invest are to become wealthier and to gain tranquility in his life. It becomes absurd when the right customers for indemnity (kafâlah) towards customers who received a risk become unguaranteed. The customer is often difficult to understand the terms contained in the insurance policy that written in a very small font. The ambiguities of these terms become significant obstacles in the settlement of claims. Cases of claim are mostly the result of the customer\u27s difficulty in understanding these terms and the lack of a good explanation of the company concerning the content of the policy.DOI: 10.15408/aiq.v5i1.256

ASAS INDEMNITAS DAN KAFÂLAH DALAM ASURANSI SYARIAH

The main objectives of a person to invest are to become wealthier and to gain tranquility in his life. It becomes absurd when the right customers for indemnity (kafâlah) towards customers who received a risk become unguaranteed. The customer is often difficult to understand the terms contained in the insurance policy that written in a very small font. The ambiguities of these terms become significant obstacles in the settlement of claims. Cases of claim are mostly the result of the customer’s difficulty in understanding these terms and the lack of a good explanation of the company concerning the content of the policy.DOI: 10.15408/aiq.v5i1.2560</p

Currency System and Its Impact on Economic Stability

A number of economic problems that occurred during the power of Mamluk (1250-1517 AD) was considered as a result of the change to currency system, namely from the system of commodity-based money (gold and silver) into paper-based money (fiat). Instability prices, decrease of trading activities, high of unemployment number were a number of economic indicators that occurred at that time. This issue of macro-economy was considered as a result of changes in the money system. This study analyzes the dynamic relationship between the price of gold as a representation of commodity money system and M2 as a representation of fiat money against the stability of economic indicators such as inflation, economic growth, stock prices, and unemployment and interest rates. This study found that both systems not vary significantly against each other in its influence on macroeconomic variables. It means that the two systems do not have contrast distinction. Indeed, it was found that the commodity-based money system is not free of inflation, as propagated by the supporters of the dinar and dirham (dinarist). DOI: 10.15408/aiq.v9i2.474

The Distinction of Government Administration and Judicial Institutions in The Umayyad Dynasty

This paper aimed to reveal the government administration system's distinction in finance and justice that existed in the Umayyad. The Umayyad had the right side in improving government administration, finance, economy, and justice. To what extent was the reform and distinction of government administration, finance, and judiciary pursued by the Umayyad that led to society's benefit besides the atrocities he had ever made? The researchers conducted a library study with a descriptive analysis approach, collected sources, verified, and interpreted the policies and updates made by the Umayyad. The study showed the Umayyad had made distinctions and reforms that brought about a lot of benefits. Although they seemed the duplication of Persian and Roman governments, financial administration policies still referred to Islamic rules and were not influenced by Rome and Persia. The most significant reform was establishing the Mazalim Court separated from the ordinary judiciary. The perpetrators of this crime were not ordinary people but state officials handled directly by the caliph and judges who could act reasonably and act decisively. A vast area of neat administration supported the economic activity, and along with Islamic law, the Umayyad did not exercise a monopoly. However, this government lasted shortly for 90 years (661-750 AD) because of the power succession policy, the ruler's lifestyle, fanaticism, and political opponents' attack

ISLAMIC PERSPECTIVE ON TOURISM AND ITS BENEFITS

Tourism has enormous benefits in Islam and even has a positive impact on One's faith. Tourism is a part of "maqashid" shari'a, which consists of preserving religion, soul, reason, descent (honor), and property. Tourism can even be covering all of these aspects of this "maqashid" because it is supported by the texts of the Qur'an and the Hadith, which show the virtues and benefits of the tour. By conducting a literature study, verifying data, and interpreting the Author using a descriptive analysis approach, it was found that tourism is a part of being related to all aspects of sharia maqashid, which have been done by previous peoples. Islam recommends pilgrimages to three places, namely Haram Mosque, Nabawi Mosque, and Aqsa Mosque. Islam also has signs in travel for Muslims and also for non-Muslims who enter Muslim territory. Non-Muslims come to Muslim countries not to commit immoral acts like those done in their countries. Still, they want to enjoy the beauty of nature and know the culture that exists so that Muslims do not need to provide facilities that are prohibited in Islam to support tourism

Expel Riba with Islamic Transactions (Analysis of Islamic Financial Institutions)

This article aims to explain the importance of the steps that Islamic banks must take to stay away from usury to increase Muslim confidence in Islamic banking, which has been stretched all this time to revive the Muslim economy. Riba can cause prolonged inflation and even make the country's economy collapse slowly. However, there are still many usury practices carried out by Islamic banks due to several factors, such as central bank regulations and managers who do not yet understand the rules of Islamic law. This discussion is carried out through a literature study and a descriptive analysis approach through documents and journals that discuss Islamic banking. We interpret the results obtained: Islamic banking is still involved in Mu'amalah Riba, which is more than an extension of conventional banks that sell their products. However, there is still an event to get away from usury by implementing the rules of Islamic Shari'ah thoroughly by developing the proper investment methods. Islamic banks may perform Mudharabah (profit sharing), Musyarakah, Murabahah, Ijarah, and Muzara'ah by paying attention to the distribution of profits and losses by Islamic law. Let these trading and investment instruments be carried out in real terms with full responsibility

Halal Tourism in the Perspective of the Qur'an and Hadith and Maqashid Syari'ah

Tourism has enormous benefits in Islam and even has a positive impact on One's faith. Tourism is a part of "maqashid" syari’ah, which consists of preserving religion, soul, reason, descent (honor), and property. Tourism can even be covering all of these aspects of this "maqashid" because it is supported by the texts of the Qur'an and the Hadith, which show the virtues and benefits of the tour. By conducting a literature study, verifying data, and interpreting the author using a descriptive analysis approach, it was found that tourism is a part of being related to all aspects of sharia maqashid, which have been done by previous peoples. Islam recommends pilgrimages to three places, namely Haram Mosque, Nabawi Mosque, and Aqsa Mosque. Islam also has signs in travel for Muslims and also for non-Muslims who enter Muslim territory. Non-Muslims come to Muslim countries not to commit immoral acts like those done in their countries. Still, they want to enjoy the beauty of nature and know the culture that exists so that Muslims do not need to provide facilities that are prohibited in Islam to support tourism.