Common Contracts
1 similar Profit and Loss Sharing Contract contracts
Standart Contract dalam Kontrak Kerjasama Profit and Loss SharingProfit and Loss Sharing Contract • January 26th, 2023
Abstract: A contract standard is an agreement prepared and determined in advance unilaterally by the agreement maker, which is binding and must be obeyed by other parties. The standard contract for profit and loss-sharing cooperation has two forms: the legal contract for Musharakah and the formal agreement for Mudarabah. Formal arrangements for for-profit and loss-sharing partnerships, with mudarabah and musharakah schemes, have differences in the legal structure between Islamic law of contract and banks. Mudarabah and musharakah in Islamic law of contract have a clear pattern in terms of legal subjects, whereas in Islamic Banks, even though the scheme is a business partnership but has standards in which the position of Islamic Banks remains as a financier that determine the certainty of payment in a definite amount so that it is similar to a scheme credit accompanied by collateral. This identifies that the standard contract determines the confidence of income (fixed return), which in
