Testing the Validity of Risk Management in Islamic Finance: The Hadith Point of View

Risk management in Islamic finance can be seen as an important aspect for business operation. The nature of Islamic finance which is quite different compared to conventional counterparts since the existance of shariah principle affect the risk management is more crucial in Islamic finance. Neverthel...

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Autor principal: Abdul Qoyum
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Publicado: Universitas Darussalam Gontor 2021
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Acceso en línea:http://dx.doi.org/10.21111/iej.v7i1.4788
https://doaj.org/article/407b1296c5fb48399e799989f7826630
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spelling oai:doaj.org-article:407b1296c5fb48399e799989f78266302021-11-09T06:02:07ZTesting the Validity of Risk Management in Islamic Finance: The Hadith Point of Viewhttp://dx.doi.org/10.21111/iej.v7i1.47882460-18962541-5573https://doaj.org/article/407b1296c5fb48399e799989f78266302021-06-01T00:00:00Zhttps://ejournal.unida.gontor.ac.id/index.php/JEI/article/view/4788https://doaj.org/toc/2460-1896https://doaj.org/toc/2541-5573Risk management in Islamic finance can be seen as an important aspect for business operation. The nature of Islamic finance which is quite different compared to conventional counterparts since the existance of shariah principle affect the risk management is more crucial in Islamic finance. Nevertheless, the practice of risk management in Islamic finance must be in line with shariah. Hence, this paper aims to analyze the validity of risk management from the Hadist point of view. By conducting qualitative research through detecting the quality of Hadist, the study revealed that Risk management practice is in line with shariah principle. It is based on the Hadits narrated by Ibnu Hibban that from the text, including in the matan and sanad can be classified as hadits ‘shohih”. In addition, the practice of Risk management is comply to the fulfilment of maqosid syariah.Abdul QoyumUniversitas Darussalam Gontorarticlerisk managementhaditsislamic financemaqosid syariahIslam. Bahai Faith. Theosophy, etc.BP1-610Economic theory. DemographyHB1-3840ARENIDIslamic Economics Journal, Vol 7, Iss 1, Pp 1-17 (2021)
institution DOAJ
collection DOAJ
language AR
EN
ID
topic risk management
hadits
islamic finance
maqosid syariah
Islam. Bahai Faith. Theosophy, etc.
BP1-610
Economic theory. Demography
HB1-3840
spellingShingle risk management
hadits
islamic finance
maqosid syariah
Islam. Bahai Faith. Theosophy, etc.
BP1-610
Economic theory. Demography
HB1-3840
Abdul Qoyum
Testing the Validity of Risk Management in Islamic Finance: The Hadith Point of View
description Risk management in Islamic finance can be seen as an important aspect for business operation. The nature of Islamic finance which is quite different compared to conventional counterparts since the existance of shariah principle affect the risk management is more crucial in Islamic finance. Nevertheless, the practice of risk management in Islamic finance must be in line with shariah. Hence, this paper aims to analyze the validity of risk management from the Hadist point of view. By conducting qualitative research through detecting the quality of Hadist, the study revealed that Risk management practice is in line with shariah principle. It is based on the Hadits narrated by Ibnu Hibban that from the text, including in the matan and sanad can be classified as hadits ‘shohih”. In addition, the practice of Risk management is comply to the fulfilment of maqosid syariah.
format article
author Abdul Qoyum
author_facet Abdul Qoyum
author_sort Abdul Qoyum
title Testing the Validity of Risk Management in Islamic Finance: The Hadith Point of View
title_short Testing the Validity of Risk Management in Islamic Finance: The Hadith Point of View
title_full Testing the Validity of Risk Management in Islamic Finance: The Hadith Point of View
title_fullStr Testing the Validity of Risk Management in Islamic Finance: The Hadith Point of View
title_full_unstemmed Testing the Validity of Risk Management in Islamic Finance: The Hadith Point of View
title_sort testing the validity of risk management in islamic finance: the hadith point of view
publisher Universitas Darussalam Gontor
publishDate 2021
url http://dx.doi.org/10.21111/iej.v7i1.4788
https://doaj.org/article/407b1296c5fb48399e799989f7826630
work_keys_str_mv AT abdulqoyum testingthevalidityofriskmanagementinislamicfinancethehadithpointofview
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