Profit Loss Sharing (PLS) and Its Implementation in Indonesian Islamic Banking
DOI:
https://doi.org/10.36835/iqtishoduna.v9i1.478Keywords:
profit loss sharing, mixing agreements, islamic bankingAbstract
Writing this article aims to determine the concept of Profit Loss Sharing (PLS) and its implementation in Indonesian Islamic banking. The data used in this article is sourced from secondary data from books, scientific journals, sharia banking statistical data released by the Financial Services Authority (OJK) and other sources relevant to the focus of the discussion. The author finds that the application of the concept of profit loss sharing in mixing agreements is the antithesis of the concept of interest which has dominated the banking world. However, in practice, not all Islamic banking applies this concept. Even Islamic banking in Indonesia is more likely to choose revenue sharing to safeguard the interests of its customers. The author only uses secondary data to measure the implementation of PLS in Islamic banking, so that further research will be better if conducting primary data mining to get a broader picture related to the theme of the article.
Downloads
References
Alamsyah, Halim, Perkembangan dan Prospek Perbankan Syariah Indonesia: Tantangan Dalam Menyongsong MEA 2015, disampaikan pada acara Milad ke-8 Ilmiah Ikatan Ahli Ekonomi Islam (IAEI), 13 April 2012.
Alom, Mahabub and Shariful Haque, ‚Marketing: An Islamic Perspective‛, World Journal of Society Sciences (2011).
Dar, Humayon A. and John R. Presley, ‚Lack of Profit Loss Sharing in Islamic Banking: Management and Control Imbalances‛, International Journal of Islamic Financial Services, Vol. 2, No.2 (2011).
Djamil, Fathurrahman, Hukum Ekonomi Islam: Sejarah, Teori dan Konsep, Jakarta: Sinar Grafika, cet. II, 2015.
Djamil, Fathurrahman, Penerapan Hukum Perjanjian dalam Transaksi di Lembaga Keuangan Syariah, Jakarta: Sinar Grafika, 2013.
Fathurrahman, A. Meninjau Ulang Penerapan Fractional Reserve Banking pada Perbankan Syariah. IQTISHODUNA: Jurnal Ekonomi Islam, 7(2018),. Retrieved from http://ejournal.iaisyarifuddin.ac.id/index.php/iqtishoduna/article/view/231
Irsyad, Mahmud Abdul Karim, al-Madkhal ila al-Iqtishad al-Islamiy, Jordania: Dar al-Nafais, 2011.
Karim, Adiwarman A., Islamic Banking: Fiqh and Financial Analysis, Jakarta: PT Raja Grafindo Persada, 3rd edition, 2008.
Khan, Shahrukh Rafi, ‚Profit and Loss Sharing as a Substitute for Interest in Islamic Banking‛, Journal of Savings and Development, Vol. 11, No. 3 (1987).
Manan, Abdul, Hukum Ekonomi Islam dalam Perspektif Kewenangan Peradilan Agama, Jakarta: Kencana, 2012.
Muhammad Syafi’i Antonio, Bank Syariah: Dari Teori Ke Praktek, Jakarta: Gema Insani Press, 2001.
Otoritas Jasa Keuangan, Statistik Perbankan Syariah, 2015.
Syarbiniy, Mahmud, Taammulat fi al-Shariah al-Islamiyah, Cairo: Al-Haiah al-Mashryah al-‘Amah li al-Kitab, 1999.
Venardos, Angelo M, Islamic Banking & Finance in South-East Asia: Its Development & Future, ingapore: B & Jo Enterprise Pte Ltd, 3rd Edition, 2012.
Wizarah al-Auqaf,, al-Mausu’ah al-Fiqhiyah al-Kuwaitiyah, Kuwait: Dar alShafwah, juz 38, 1998. www.bps.go.id.
www.syariahmandiri.co.id
Yahya, Muchlis dan Edy Yusuf Agunggunanto, ‚Teori Bagi Hasil dan Perbankan Syariah dalam Ekonomi Syariah‛, Jurnal Dinamika Ekonomi Pembangunan (2011).
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2020 Suryani Suryani, Muhammad Anwar Fathoni
This work is licensed under a Creative Commons Attribution 4.0 International License.
The journal can be accessed publicly, which means that all content is provided freely accessible without charge to either the user or the institution. Users are allowed to read, download, copy, distribute, print, search, or cite to the full text of the article did not have to ask permission from the publisher or author.
