How The Process of Mudharabah in Syaria Banking.

How The Process of Mudharabah in Syaria Banking.

Nowadays, syariah economic is more trusted than conventional one. Why? You know and we know that syariah economic sets out credibility, transparently, and also equality. It is because Aqad in syaria economic is profit sharing, not interest. Looking world

financial crisis in 2008 which is happened because of doubled and multiplied interest in America economic sector especially in defrayal institute, profit sharing is now more interested than interest.

Mudharabah, is one kind of transaction in syaria economic which is show profit sharing evidently. Mudharabah is a contract or a partnership where one provides the capital and the other the entrepreneurship with the profit being shared among them with a predetermined condition. So, how the process of mudharabah?

Firstly, mudharib (in this case is customer) that have a proposal of business or a project but have no fund to realize it, comes to Syaria bank. Fortunately, in our country, there is so much syaria bank. There is BRI Syaria, Muamalat, BNI Syaria, etc. The bank which is chose by customer is called Shahibul Mal or the Funds owner. After giving his proposal or project, bank will decide whether accept his proposal or reject it. The bank will use some way to examine the customers, and the one kind of way is we know as 5C (Capital, Collateral, Capacity, Character, and Condition of Economic) which is studied in X grade. If the bank accept, so there will be an agreement about the percentage of profit sharing and the term of loan. It can be 50-50, 60-40 or other ratio for certain time. Then, there will be Shigat, in this case is ijab and qabul. The customer and the bank accept the agreement with ijab and qabul word, it can be “We accept your proposal and we are ready to fund it with ratio of profit sharing 50-50 or etc.” for the bank and “I accept your bid” for the customer. The word can be replaced with others, but the content has to be same.

After getting amount of funds, the customer starts his business or his project. And after one accounting period and getting profit instead loss from his business or project, he must go to the bank and give the bank the financial report and doing the profit sharing. The customers will share the profit with the ratio agreed before when he gets profit, and share the loss with certain ratio if he gets loss. This process is recur until certain period that agreed before. And when the maturity comes, the customer has to return all the capital which got from the bank.

Exactly, this profit sharing is very good for the economic growth in a country. Why? It is because the profit sharing assume that the customer can gain the profit and can be loss. Nor the interest, that assume the customer always gain profit. Interest is the great symbol of capitalism which make the rich people richer, and the poor people poorer than before.