CHEAP QURBAN SHARIA INVESTMENT MODEL, UMMAH EMPOWERMENR, AND BEEF CATTLE COMMODITY PRICE STABILIZATION
Abstract
Cheap qurban programs are a manifestation of concern for the management of the Ummah's funds which have not been optimal in combining two purposes of worship, namely strengthening relations with Allah, SWT, and among fellow humans. The study method used in the model design is an analysis of the behavior of the beef cattle market and a cost-benefit analysis of sharia investment in the pattern of profit sharing, the added value of beef cattle fattening efforts. The results of the commodity market analysis show that changes in the increase in prices of meat and cattle commodities have been significantly influenced by the behavior of the Muslim community as a majority religion, especially related to the implementation of fasting, Eid al-Fitr and Eid al-Adha. Using the cost-benefit analysis of the profit-sharing partnership scheme, it was found that investment in cheap qurban programs was able to reduce the cost of qurban borne by participants by 19.79% without reducing the share of income received by beef cattle breeder partners and management fees for managing institutions. The longer flexibility of procurement of feeder cattle when the conditions of low market demand and the reduced pressure on demand for ready-to-cut cattle at the time of qurban worship will indirectly reduce the excessive fluctuations in commodity market prices. Based on the model developed, it can be concluded that cheap qurban programs can encourage the utilization of the potential of ummah funds for farmers' economic empowerment, business opportunities for entrepreneurs and Islamic institutions and indirectly help stabilize commodity prices for beef cattle without reducing the actual value of worship.
Downloads
References
Abdullah (2005) Syarat-syarat Hewan Korban, Fiqih Qurban dan Aqiqah. Al-Manhaj. https://almanhaj.or.id/1711-syarat-syarat-hewan-kurban.html, Accesed: Dec 26th 2005.
Amran, H. (2011). Qurban dan Perubahan Sosial. Artikel Lepas http://www. dakwatuna.com /2011/10/31/16058/; Accesed: November 31th, 2011.
Cahyani, I. F. (2008). Sesungguhnya Allah Tidak Akan Mengubah Nasib Suatu Kaum Kecuali Kaum Itu Sendiri yang Mengubah Apa-apa yang Pada Diri Mereka Sendiri. https://slydut.wordpress. com/2008/01/30/. Accesed, January, 31th 2008.
Meinzen-Dick, R. & Knox, A. (1999). Collective action property rights and devolution of natural resource management: a conceptual paper. Paper to international workshop on collective action, property rights and devolution of natural resource management: Exchange of knowledge and implication for policy. Puerto Azul, Philippines, 21-25 June 1999.
Murniati, W. (2018). Penambahan Jumlah Investasi pada Simulasi Perhitungan Profit Model Investasi Syariah Musyawarah, Journal of Mathematics Education, Science and Technology Vol 3 (2): 223 – 239.
Pusat Riset dan Edukasi Bank Sentral (2012). Kodifikasi Peraturan Bank Indonesia - Liabilitas dan Modal Pelaksanaan Prinsip Syariah dalam Kegiatan Penghimpunan dan Penyaluran Dana Serta Pelayanan Jasa Syariah, Produk Bank Syariah dan Unit Usaha Syariah. Bank Indonesia
Rahman, A., A. Latif, R., Muda, & M. A, Abdullah (2014). Failure and Potential of Profit-Loss Sharing Contracts: A perspective of New Institutional, Economic (NIE) Theory. Pacific-Basin Finance Journal, 28, 136–151.
Sitanggang, N. (2017) Asuransi Sapi Pedaging. Agribisnis Online Kolom Info Agribisnis Peternakan Browsing: https://agribisnis.co.id /asuransi-sapi- pedaging/ Accesed: October 16th, 2017.
Sugema, I., T. Bakhtiar & J. Effendi, J. (2010). Interest versus Profit-Loss Sharing Credit Contract: Effciency and welfare implications. International Research Journal of Finance and Economics, 45 (2), 58–67.
Syamsuddin, Neldysavrino, Komarudin, H. & Y. Siagian (2007). Are community aspirations being accommodated in development plans? A lesson from collective action in Jambi. CIFOR Governance Brief No. 34. Bogor, Indonesia:
Copyright (c) 2020 Ardi Novra
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
By submitting the manuscript of the article, the authors agree with this policy with no specific document sign-off required.
The authors certify that:
- if the manuscript is co-authored, they are authorized by their co-authors to enter into these arrangements.
- the work described has not been formally published before in a registered ISSN or ISBN media, except in the form of an abstract or as part of a published lecture, review, or thesis.
- it is not under consideration for publication elsewhere,
- its publication has been approved by all the author(s) and by the responsible authorities – tacitly or explicitly – of the institutes where the work has been carried out.
- they secure the right to reproduce any material that has already been published or copyrighted elsewhere (it does not infringe the rights of others).
- they agree to Dosen Muslim Indonesia license and copyright agreement.
All articles published by Dosen Muslim Indonesia are licensed under Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
License and Copyright Agreement
- Authors retain copyright and other proprietary rights related to the article.
- Authors retain the right and are permitted to use the substance of the article in own future works, including lectures and books.
- Authors grant the journal right of first publication with the work simultaneously licensed under Creative Commons Attribution License (CC BY-NC-SA 4.0) that allows others to share the work with an acknowledgement of the work's authorship and initial publication in Dosen Muslim Indonesia.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in Dosen Muslim Indonesia.
- Authors are permitted and encouraged to post or self-archive their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.
