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Abstract
This study aims to analyze the compatibility of the traditional profit-sharing practices of Patorani fishermen in Takalar Regency, South Sulawesi, with Sharia muamalah principles. Patorani fishermen represent a traditional maritime community engaged in flying fish harvesting, operating under a profit-sharing system between boat owners (capital providers) and fishermen. Although this practice has been sustained across generations, limited scholarly attention has been given to its conformity with Islamic commercial law principles, particularly regarding fairness, transparency, and the avoidance of riba (usury) and gharar (uncertainty).
This research adopts a qualitative approach. Data were collected through in-depth interviews, participant observation, and document analysis. The collected data were analyzed using thematic analysis to identify the underlying profit-sharing mechanisms, assess distributive justice, and evaluate their alignment with Sharia principles.
The findings are expected to provide a comprehensive understanding of the existing profit-sharing system among Patorani fishermen and critically assess its compliance with Sharia muamalah norms. Furthermore, this study aims to formulate practical recommendations to enhance justice and transparency within the profit-sharing arrangement, thereby supporting the welfare of both fishermen and boat owners. The results are also expected to contribute to the development of a more equitable and Sharia-compliant profit-sharing model that may be replicated in other regions with similar socio-economic characteristics
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References
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- Ahmed, H. (2010). Product development in Islamic banks. International Journal of Islamic and Middle Eastern Finance and Management, 3(3), 203–224. https://doi.org/10.1108/17538391011072439
- Alam, M. M., Hassan, S., & Said, J. (2015). Performance of Islamic microcredit in perspective of Maqasid Al-Shariah. Humanomics, 31(4), 374–384. https://doi.org/10.1108/H-12-2014-0072
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- Askari, H., Iqbal, Z., & Mirakhor, A. (2015). Risk sharing in Islamic finance. Journal of Risk Finance, 16(5), 468–488. https://doi.org/10.1108/JRF-09-2014-0131
- Beck, T., Demirgüç-Kunt, A., & Merrouche, O. (2013). Islamic vs. conventional banking: Business model, efficiency and stability. Journal of Banking & Finance, 37(2), 433–447. https://doi.org/10.1016/j.jbankfin.2012.09.016
- Chapra, M. U. (2016). The future of economics: An Islamic perspective. Islamic Economic Studies, 24(1), 1–22. https://doi.org/10.12816/0025173
- Dusuki, A. W., & Abdullah, N. I. (2007). Maqasid al-Shariah, maslahah, and corporate social responsibility. American Journal of Islamic Social Sciences, 24(1), 25–45. https://doi.org/10.35632/ajiss.v24i1.415
- El-Gamal, M. A. (2006). Islamic finance: Law, economics, and practice. Cambridge University Press. https://doi.org/10.1017/CBO9780511753756
- Hasan, Z. (2011). A survey on Shari’ah governance practices in Islamic financial institutions. International Journal of Islamic and Middle Eastern Finance and Management, 4(1), 30–51. https://doi.org/10.1108/17538391111122195
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- Mirakhor, A., & Krichene, N. (2017). Risk sharing in Islamic finance. Journal of Islamic Accounting and Business Research, 8(2), 228–247. https://doi.org/10.1108/JIABR-07-2015-0030
- Smolo, E., & Mirakhor, A. (2010). The global financial crisis and Islamic finance. International Journal of Islamic and Middle Eastern Finance and Management, 3(4), 372–385. https://doi.org/10.1108/17538391011093206
- Uddin, M. H. (2015). Principles of Islamic finance: Prohibition of riba, gharar and maysir. Humanomics, 31(4), 375–389. https://doi.org/10.1108/H-01-2015-0004
- Zaher, T. S., & Hassan, M. K. (2001). A comparative literature survey of Islamic finance. Financial Markets, Institutions & Instruments, 10(4), 155–199. https://doi.org/10.1111/1468-0416.00044
References
Abdullah, M., & Ismail, A. G. (2017). Taking stock of the waqf-based Islamic microfinance model. International Journal of Social Economics, 44(8), 1018–1031. https://doi.org/10.1108/IJSE-06-2015-0176
Ahmed, H. (2010). Product development in Islamic banks. International Journal of Islamic and Middle Eastern Finance and Management, 3(3), 203–224. https://doi.org/10.1108/17538391011072439
Alam, M. M., Hassan, S., & Said, J. (2015). Performance of Islamic microcredit in perspective of Maqasid Al-Shariah. Humanomics, 31(4), 374–384. https://doi.org/10.1108/H-12-2014-0072
Archer, S., & Karim, R. A. A. (2007). Profit-sharing investment accounts in Islamic banks. Journal of Banking Regulation, 8(3), 181–200. https://doi.org/10.1057/palgrave.jbr.2350041
Askari, H., Iqbal, Z., & Mirakhor, A. (2015). Risk sharing in Islamic finance. Journal of Risk Finance, 16(5), 468–488. https://doi.org/10.1108/JRF-09-2014-0131
Beck, T., Demirgüç-Kunt, A., & Merrouche, O. (2013). Islamic vs. conventional banking: Business model, efficiency and stability. Journal of Banking & Finance, 37(2), 433–447. https://doi.org/10.1016/j.jbankfin.2012.09.016
Chapra, M. U. (2016). The future of economics: An Islamic perspective. Islamic Economic Studies, 24(1), 1–22. https://doi.org/10.12816/0025173
Dusuki, A. W., & Abdullah, N. I. (2007). Maqasid al-Shariah, maslahah, and corporate social responsibility. American Journal of Islamic Social Sciences, 24(1), 25–45. https://doi.org/10.35632/ajiss.v24i1.415
El-Gamal, M. A. (2006). Islamic finance: Law, economics, and practice. Cambridge University Press. https://doi.org/10.1017/CBO9780511753756
Hasan, Z. (2011). A survey on Shari’ah governance practices in Islamic financial institutions. International Journal of Islamic and Middle Eastern Finance and Management, 4(1), 30–51. https://doi.org/10.1108/17538391111122195
Khan, F. (2010). How Islamic is Islamic banking? Journal of Economic Behavior & Organization, 76(3), 805–820. https://doi.org/10.1016/j.jebo.2010.09.015
Mirakhor, A., & Krichene, N. (2017). Risk sharing in Islamic finance. Journal of Islamic Accounting and Business Research, 8(2), 228–247. https://doi.org/10.1108/JIABR-07-2015-0030
Smolo, E., & Mirakhor, A. (2010). The global financial crisis and Islamic finance. International Journal of Islamic and Middle Eastern Finance and Management, 3(4), 372–385. https://doi.org/10.1108/17538391011093206
Uddin, M. H. (2015). Principles of Islamic finance: Prohibition of riba, gharar and maysir. Humanomics, 31(4), 375–389. https://doi.org/10.1108/H-01-2015-0004
Zaher, T. S., & Hassan, M. K. (2001). A comparative literature survey of Islamic finance. Financial Markets, Institutions & Instruments, 10(4), 155–199. https://doi.org/10.1111/1468-0416.00044