The basic idea of the development of banking based on Islamic principles Muslims desire to be a Muslim who kaffah. With a truly run Islamic law in every aspect of life, including matters associated with muamalah. With the doctrine of Islamic law who said that bank interest is haram because it included riba.So, we need alternative banking operations based on sharia. Financial techniques developed in Islamic banking is financial techniques that are not based on interest, but is based on profit and loss sharing principle (PLS) . The main principle adopted by Islamic banks is:
1. Prohibition of riba (interest) in various forms of transactions.
2. Running a business and trading activities based on acquisition legitimate profits according to the Shari'ah and give alms. Banking without interest as an intermediary institution began to be recognized in Act No. 7 of 1992 concerning the rules implementation set out in Government Regulation no. 72 year 1992 about
Bank based on the Principles For Hasil. With the UUP, the legal basis Islamic banking operation clearer and more widely in development bank without interest, called the Bank based on the principle syariah. This seen in section 6 letter (m) UUP commercial bank stating Business include: providing financing and / or perform other activities based on Shariah principles, in accordance with the provisions stipulated by Bank Indonesia. Financing or financing, ie financing provided by a party to another party to support the planned investment, both done alone or institution. In other words, funding is funding spent to support the investment that has been planned.
Article 1 paragraph (12) UUP stated: Financing based on Islamic principles is the provision of money or equivalent bill based on the approval or agreements between banks and other parties who require parties financed to return the money or bills after the term
certain time in exchange or for the results. Understanding Islamic principles relating to the financing for the results is a rule based on Islamic legal agreement between the Bank and other parties to finance business activities, or other activities that otherwise fit with syariah.
certain time in exchange or for the results. Understanding Islamic principles relating to the financing for the results is a rule based on Islamic legal agreement between the Bank and other parties to finance business activities, or other activities that otherwise fit with syariah.
