| dc.contributor.author | FATHURRAHMAN, AYIF | |
| dc.date.accessioned | 2019-02-16T02:18:06Z | |
| dc.date.available | 2019-02-16T02:18:06Z | |
| dc.date.issued | 2018-10-01 | |
| dc.identifier.issn | 2443-0056 | |
| dc.identifier.uri | http://repository.umy.ac.id/handle/123456789/24575 | |
| dc.description.abstract | This article aims to discuss fractional reserve banking applied by Islamic
banking. The practice of fractional reserve banking applied by Sharia
banking is part of contemporary practice that was not discovered at the
time of the Prophet. Thus, a comprehensive ijtihadi study of the Islamic
banking system is needed, considering that the practice of fractional
reserve banking applied by Islamic banking is also part of conventional
banking practices. The practice of fractional reserve banking in
conventional banking has been proven to have an impact on banking
institutions and has an impact on the monetary crisis which destabilizes
the country's economic stability. In addition, the practice of fractional
reserve banking also contradicts Islamic law, for example Meera and
Moussa (2009) stated in their research that fractional reserve banking was
not in accordance with Islamic principles, because it contradicted the
concept of al-milkiyah (ownership) in Islam. This can be seen from the
creation of money through fractional reserve banking with the creation of
purchasing power of nothingness (creating money out of nothing) which
will have an impact on the unfairness of transfer of asset ownership in the
structure of the economy, because transfer of ownership is not based on
human effort by taking it legally and not with the knowledge or approval
of the initial fund owner. This violates the principles of ownership in
Islam and is tantamount to theft, let alone this system is very closely
related to elements of usury. Publicity according to Sani and Aziuddin
(2013) also concluded that fractional reserve banking is not allowed in the
Islamic perspective. This perspective is based on the maqasid syariah
parameters used to measure empirically the implications of the frational
reserve banking system on the economic stability of the community. | en_US |
| dc.publisher | Institut Agama Islam Syarifuddin Lumajang | en_US |
| dc.subject | Fractional, Shariah Bank, Maslahah. | en_US |
| dc.title | MENINJAU ULANG PENERAPAN FRACTIONAL RESERVE BANKING PADA PERBANKAN SYARIAH | en_US |
| dc.type | Article | en_US |
