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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Universitas Darussalam Gontor
2021
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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) |
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DOAJ |
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AR EN ID |
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risk management hadits islamic finance maqosid syariah Islam. Bahai Faith. Theosophy, etc. BP1-610 Economic theory. Demography HB1-3840 |
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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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1718441289002778624 |