Debt in a Business and Islamic Perspective

Malati, Fianita and Radiany, Muhammad Andri and Harjanti, Wulandari and Farhan, Ali and Puspitasari, Etin (2021) Debt in a Business and Islamic Perspective. Debt in a Business and Islamic Perspective, 11 (10). ISSN 2250-3153

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Abstract

This research is motivated by a contradiction between the need for corporate financing and interest costs which are prohibited by Islam. By raising two different perspectives in viewing debt, which are business and Islam, hopefully those point of views of how a Muslim manager mentions debt and his business needs. By using the literature review method, the conclusion is that in the business perspective, debt is a means of leveraging performance as well as principal to the agent. Meanwhile, in the Islamic perspective, debt is a social contract that is not given the consent to take profit (usury / interest), but there are other business contract alternatives that are not in the scheme called 'debt', namely; murabahah, salam, and mudaraba.

Item Type:	Article
Uncontrolled Keywords:	debt, cost of capital, Islamic financial management, business
Subjects:	Ekonomi
Depositing User:	Unnamed user with email lib.stiemahardhika@gmail.com
Date Deposited:	30 Dec 2021 05:28
Last Modified:	30 Dec 2021 05:28
URI:	http://repository.stiemahardhika.ac.id/id/eprint/2537

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