blog




  • Essay / Essay by Al Istisna - 1880

    1-INTRODUCTION1.1 ISTISNAAl istisna is a principle of Islamic banking activities and also that of muamalah in Islam, the uses of which are now taking on a new lease of life after the existence of a few contracts which already exist like share sales, murabaha and many others. Today, contracts can no longer cope with rapid growth and customer financing demands like “growing mushrooms after the rain”. Sales in Istisna also mean the reservation of certain goods such as the reservation of a shirt, a house, a bed, etc. This principle of the sales contract has been adopted from the time of the Prophet Muhammad and his companion (the sohabah) to the present day, but many still do not really worry about the existence of this principle. It is therefore no wonder that many people today are still confused about this principle. In this study, I will describe the concept of al-istisna according to Islamic law and compare istisna in Islamic fiqh muamalat with the conventional system practiced by Islamic law. banks these days. As we know, the conventional banking system has produced many economic products identical to the concept of istisna. So, in this study, I will disclose and explain all the perspectives associated with the sales of Al-istisna, and in the last point, I will give the best recommendation regarding solutions to the risk involved in Istisna. from the point of view of the language agreed by scholars (ulamak), it means the request to do or reserve something, or in other words, to do something based on someone's request. Technically, scholars had different views on this. Therefore, some of them give a definition of istisna based on technique, and others do not. Al-Hanafi defined istisna technically as a contract on an order for goods...... middle of paper ...... no. This is evident in the verses of the Quran and the Sunnah of the Messenger of Allah which advise people to use their intellect to succeed in a world full of uncertainties. In Surah Yusuf, for example, we are told how the Prophet Yusuf interprets dreams. King of Egypt, the Egyptians will face seven years of drought after seven years filled with prosperity. Based on this interpretation, Joseph Kerajinan then proposes a plan to deal with this critical period. The plan is to grow food for the Egyptian people during the seven years of prosperity and preserve most of it. This is how they will be ready when drought hits for the next seven years. From the evidence described, we now understand that Islam does not reject the concept of risk management, but also encourages ensuring the continuity of human existence as God's God. vicegerent on earth, this charming.