The Debt Status of Commercial Company under Gharimin Perspective

Currently, commercial entity companies are not regarded yet as one of the groups that receive the zakat. This paper examines the debt status and its micro and macro-economic implications of corporations that experienced the debt shackled in the zakat system through analogy on personal gharim (person...

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Autores principales: Eja Armaz Hardi, Sirajul Arifin, Burhan Djamaluddin
Formato: article
Lenguaje:EN
Publicado: IAIN Surakarta 2021
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Acceso en línea:https://doaj.org/article/f7b75c1cd4f54f05b50d257e0226c135
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spelling oai:doaj.org-article:f7b75c1cd4f54f05b50d257e0226c1352021-11-24T01:57:54ZThe Debt Status of Commercial Company under Gharimin Perspective2503-42352503-424310.22515/shirkah.v6i1.388https://doaj.org/article/f7b75c1cd4f54f05b50d257e0226c1352021-04-01T00:00:00Zhttp://shirkah.or.id/new-ojs/index.php/home/article/view/388https://doaj.org/toc/2503-4235https://doaj.org/toc/2503-4243Currently, commercial entity companies are not regarded yet as one of the groups that receive the zakat. This paper examines the debt status and its micro and macro-economic implications of corporations that experienced the debt shackled in the zakat system through analogy on personal gharim (person in the burden debt). The analysis presented here has been designed on a library research, an analogy method, as well as seen from a debt trap theory. This paper particularly argues that in the twist condition of enterprises to repay their debt, a commercial company may be entitled as the recipient of zakat on behalf of gharim (the fifth group who receives the zakat). It further argues that the loan of the commercial company has a larger impact than individual gharim. Synchronizing the entity companies as “syakhsun i’tibariyun” (the legal person) to the personal obligation to pay zakat is matched to be the reasons for their gharim’s status. The results of this paper contribute to expanding the recipient of zakat on behalf of gharim and enhance the insight of zakat distribution in Islamic philanthropy institutions.Eja Armaz HardiSirajul ArifinBurhan DjamaluddinIAIN Surakartaarticlecommercial companydebt statusgharimghariminzakatBusinessHF5001-6182BankingHG1501-3550ENShirkah Journal of Economics and Business , Vol 6, Iss 1, Pp 66-82 (2021)
institution DOAJ
collection DOAJ
language EN
topic commercial company
debt status
gharim
gharimin
zakat
Business
HF5001-6182
Banking
HG1501-3550
spellingShingle commercial company
debt status
gharim
gharimin
zakat
Business
HF5001-6182
Banking
HG1501-3550
Eja Armaz Hardi
Sirajul Arifin
Burhan Djamaluddin
The Debt Status of Commercial Company under Gharimin Perspective
description Currently, commercial entity companies are not regarded yet as one of the groups that receive the zakat. This paper examines the debt status and its micro and macro-economic implications of corporations that experienced the debt shackled in the zakat system through analogy on personal gharim (person in the burden debt). The analysis presented here has been designed on a library research, an analogy method, as well as seen from a debt trap theory. This paper particularly argues that in the twist condition of enterprises to repay their debt, a commercial company may be entitled as the recipient of zakat on behalf of gharim (the fifth group who receives the zakat). It further argues that the loan of the commercial company has a larger impact than individual gharim. Synchronizing the entity companies as “syakhsun i’tibariyun” (the legal person) to the personal obligation to pay zakat is matched to be the reasons for their gharim’s status. The results of this paper contribute to expanding the recipient of zakat on behalf of gharim and enhance the insight of zakat distribution in Islamic philanthropy institutions.
format article
author Eja Armaz Hardi
Sirajul Arifin
Burhan Djamaluddin
author_facet Eja Armaz Hardi
Sirajul Arifin
Burhan Djamaluddin
author_sort Eja Armaz Hardi
title The Debt Status of Commercial Company under Gharimin Perspective
title_short The Debt Status of Commercial Company under Gharimin Perspective
title_full The Debt Status of Commercial Company under Gharimin Perspective
title_fullStr The Debt Status of Commercial Company under Gharimin Perspective
title_full_unstemmed The Debt Status of Commercial Company under Gharimin Perspective
title_sort debt status of commercial company under gharimin perspective
publisher IAIN Surakarta
publishDate 2021
url https://doaj.org/article/f7b75c1cd4f54f05b50d257e0226c135
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AT sirajularifin thedebtstatusofcommercialcompanyunderghariminperspective
AT burhandjamaluddin thedebtstatusofcommercialcompanyunderghariminperspective
AT ejaarmazhardi debtstatusofcommercialcompanyunderghariminperspective
AT sirajularifin debtstatusofcommercialcompanyunderghariminperspective
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