That is because the Islamic financial system is based on sharia principles that do not discriminate religious and other life aspects. Besides, it is also perceived as an ethical project. The operational success of Islamic financial institutions has proven that a new financial intermediation model can survive, as well as excel conventional model. Islamic financial system has gained world communities’, the Muslim or non-Muslim, recognition as a unique and universal system organizing goods and services. Keywords: fiqh al-muamalat, Islamic micro finance, Halal accountability, sharia compliance.

Besides, this research also discovers that the fiqh al-muamalat was practiced to fulfill the halal responsibility. The compliant toward sharia does not only represent the operational system, but it becomes a working culture through worship practices. The results exhibit that Islamic sharia, faith ( iman), and good deeds ( ihsan) act as the foundation of fiqh al-muamalat practices. The data were analyzed using an interactive model consisting of data reduction, data presentation, and conclusion drawing.

For the data collection process, in-depth interviews were conducted with the informants. This research used a descriptive, explanatory design with a holistic single-case design focus and was conducted from 2019 to 2020. This study aims to discover the practice of fiqh al-muamalat (Islamic law of transaction following Islamic fiqh) as a sharia-compliant, primarily the halal accountability of Islamic microfinance institutions Baitul Maal wa Tamwil (BMT) UGT Sidogiri Indonesia. 22–31 (Article) | Received 1 July 2020 | Revised 4 August 2020 | Accepted 6 August 2020 | Published 21 August 2020 | Abstract 2, Kepanjen, Malang 65163, IndonesiaĬorrespondence should be addressed to Helmi Muhammad: this: Nusantara Halal J. 2020, Vol.

Holistic Practice of Fiqh Al-Muamalat: Halal Accountability of Islamic Microfinance InstitutionsĮconomy and Business Faculty, Universitas Islam Raden Rahmat, Jl.

Fiqh al muamalat pdf