Analysis of Riba Potential in The Application of Mudharabah Contracts in Islamic Financial Institutions

Abstrak

This study aims to provide a comprehensive analysis that can make a significant contribution to the practice of mudharabah in Islamic financial institutions (IFIs) in accordance with Islamic teachings. One of the issues encountered in its implementation is the potential presence of riba within it. This reflects that the potential for riba may still arise in IFIs as long as these institutions do not implement contracts that fully comply with Islamic principles. This study employs the library research method, which involves collecting data from relevant literature sources related to the subject matter, as well as other references, using a qualitative descriptive approach. The findings of this study indicate that the mudharabah contract is a partnership agreement; therefore, when its substance is compromised, injustice may arise. The potential for riba in mudharabah contracts emerges from both the contract terms and their implementation. The inclusion of certain conditions within the contract can create riba potential, while the absence of proper supervision and a sole focus on commercial objectives in contract execution can also lead to such risks. Through this analysis, it is expected to provide a foundation for the development of more effective policies to ensure compliance with sharia principles and enhance operational transparency.