3. The Purposes and Function of Financing.
In general, the purpose of financing divided into two groups: the purpose of financing for macro-level and micro-level objectives for
financing. Muhammad, 2005 In Macro, Financing Aimed for:
a. Economic improvement of the people, meaning people who
are not able to access economically, with the funding they can access it.
It is expected to improve their economic life. b.
Availability of funds for business improvement, it means for business development requires additional funds.
These additional funds can be obtained through financing
activities. Parties that surplus and distribute to the parties
minus the fund, so it can roll on. c.
Increasing productivity, meaning that the financing opportunity
for people
to be
able to
increase productivity.
Because efforts to increase production will not be fulfilled without funding.
d. Create new jobs, meaning that with the opening of these
sectors to absorb labor. This means add and create new
jobs. e.
Income distribution occurs, meaning that people are able to do productive work activities, meaning they will earn
income from the crops. Income is income communities.
If this is successful there will be a distribution of income.
As for the micro sector, financing granted in order to: a.
Efforts to maximize profit, meaning that every effort be opened have high goals, is to maximize profit effort to
generate maximum profit, it is necessary to support adequate funding.
b. Efforts to maximize the risk, which means that the work
done to be able to generate maximum profits, then employers should be able to minimize the risk.
Risk capital shortfall can be addressed with financing.
c. Utilization of the economy, meaning that economic
resources can be developed to do the mixing between natural resources with human resources and capital
resources finance.
Source: Muhammad, 2000
FIGURE 2.2
Flow Chart of Islamic Banking Financing Product
B. CONCEPT OF QARD AL-HASAN
1. Definition of Qard al-hasan.
Etymologically, qardh means qath’i cut. Treasure form that is
paid to muqtarid who invited qardh called Qarad, because it is from the estate of muqrid owner of goods Lathif, 2005 Understanding
the terminology,
among other
things stated
by scholars
Hanafiyah. According to his statement qardh is something given someone from mitsil property which has a parable to meet their
needs. Meanwhile, according to scholars Malikiyah is a transfer of wealth to others who are not accompanied iwadh rewards or
additional returns Lathif, 2005. When a loan is given without requiring any kind, other than to repay them after a certain period of
FINANCING PRODUCTIVE
FINANCING Musyarakah
Mudharabah Murabahah
Bai Bithaman Ajil
SOCIAL FINANCING
Qard al- hasan
Distribution
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