Malati, Fianita and Radiany, Muhammad Andri and Harjanti, Wulandari and Farhan, Ali and Puspitasari, Fanny Dwi (2021) Debt in a Business and Islamic Perspective. International Journal of Scientific and Research Publications, 11 (10). pp. 28-35. 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: | Manajemen |
| Depositing User: | Unnamed user with email lib.stiemahardhika@gmail.com |
| Date Deposited: | 12 Aug 2022 01:47 |
| Last Modified: | 12 Aug 2022 01:47 |
| URI: | http://repository.stiemahardhika.ac.id/id/eprint/2844 |
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