ECONOMIC PRINCIPLES OF SHARIA AND AKAD CONCEPTS IN ISLAMIC BANK PRODUCTS IN INDONESIA

Abstract

This study aim to explain the principle of Islamic economics, contract (agreement) in the sharia economic law, and the concept of the contract (agreement) on Sharia products in Indonesia. Literature research is used, with qualitative method as a data analysis. The results show that Principles of Islamic Economics form the basis of Islamic banking operations, which distinguish between Islamic banks with conventional banks, namely the principle of tawhid. the principle of the caliphate, and the principle of adalah. Principles of contract (agreement) in Economics Siluria Law is the principle ibahah {Mabda 'al-ibahalz), the principle of freedom of contract (Mabda, Iurriyyah at ta'aqud), the principle consensualism (Mabda 'ar-radha'iyyah, the principle that promise binding, the principle of balance (Mabda'at-tawazun fi al mu'awadhah), the principle of the benefit (not burdensome), the principle of trust, and fairness. Although many products offered by Islamic Financial Institutions, but basically the whole of the product refers to the live draft agreement known in Islamic Economic Law, namely the principle of pure deposits (wadiah), the principie of sharing (shirkah}, the principle of buying and selling (rijarah), principle of lease (ijara), the principle of service/ fee( Al-Ajr wahumullah)