Financing Model of Profit and Loss Sharing Management System for Halal Creative Economy

Ahmad Hasibuan, Fuadi, Ichsan

2019

Abstract

Islamic financial institutions exist as partners for those who need funding to support investments that have been planned, both individually and in groups. Financing is funding provided to support investments that have been planned in advance. The terminology of financing means I trust, I believe, I put trust. In other words, financial institutions as sahibul al-mal give trust to customers called mudarib to use these funds as well as possible in a fair, honest manner accompanied by clear ties and mutual benefits for both parties. Based on seeking the pleasure of Allah SWT for the good of the world and the hereafter, Islamic financial institutions offer several financing products both in profit-sharing and buying and selling. The profit-sharing agreement is considered suitable with the financing philosophy inherent in the partnership system. With the strengthening of the principle of profit-sharing financing agreement is expected to encourage the halal creative economic efforts to be able to contribute to economic development in Indonesia.

Paper Citation

in Harvard Style

Hasibuan A., Fuadi. and Ichsan. (2019). Financing Model of Profit and Loss Sharing Management System for Halal Creative Economy. In Proceedings of the 20th Malaysia Indonesia International Conference on Economics, Management and Accounting - Volume 1: MIICEMA, ISBN 978-989-758-582-1, pages 699-710. DOI: 10.5220/0010524900002900

in Bibtex Style

@conference{miicema19,
author={Ahmad Hasibuan and Fuadi and Ichsan},
title={Financing Model of Profit and Loss Sharing Management System for Halal Creative Economy},
booktitle={Proceedings of the 20th Malaysia Indonesia International Conference on Economics, Management and Accounting - Volume 1: MIICEMA,},
year={2019},
pages={699-710},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0010524900002900},
isbn={978-989-758-582-1},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 20th Malaysia Indonesia International Conference on Economics, Management and Accounting - Volume 1: MIICEMA,
TI - Financing Model of Profit and Loss Sharing Management System for Halal Creative Economy
SN - 978-989-758-582-1
AU - Hasibuan A.
AU - Fuadi.
AU - Ichsan.
PY - 2019
SP - 699
EP - 710
DO - 10.5220/0010524900002900