Sharia business is a business model that emphasizes safety, halal standards, and transparency. Many people are drawn to this concept because it brings peace of mind. You can understand it as a way of doing business that upholds fairness.
The development of sharia-based business models continues to grow along with increasing public interest. More business owners are beginning to recognize the benefits of a sharia approach. If you want to understand sharia business more deeply, this article provides a complete overview.
What Is Sharia Business?
Sharia business refers to business activities that sell products for profit while following the principles established in Islamic law (sharia). The term sharia itself refers to rules or guidelines set by Islam.
The concept of business under sharia does not only focus on buying and selling but also includes aspects such as halal requirements, business ethics, product categories, contractual agreements, and Islamic commercial rules (muamalah) in conducting business.
Differences Between Sharia Business and Conventional Business
After understanding what sharia business is, it is also important to see how it differs from conventional business. In general, their activities may look similar, but the distinction lies in the rules and boundaries based on Islamic law.
Conventional businesses generally focus on maximizing profit. Meanwhile, sharia businesses aim not only for profit but also for social benefit and compliance with Islamic principles. Transactions in sharia business also consider halal and haram aspects—from product type and transaction processes to marketing strategies and contractual agreements.
Principles of Sharia Business
To run a business according to Islamic values, there are important principles that must be understood and applied in every transaction. Here are the key principles of sharia business:
1. Based on a Clear Contract (Akad)
Every transaction must be based on a clear contract so both parties understand their rights and obligations. A valid contract helps prevent disputes because all agreements are set from the beginning. It also ensures transparency and prevents harm to either party.
Types of contracts may include:
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Investment
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Buying and Selling
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Leasing
2. Compliance With Halal Standards
Products or services offered must meet halal standards. Business owners must ensure their items or services do not involve prohibited elements, such as forbidden animals, alcoholic beverages, or narcotics.
They must also implement halal principles throughout their business processes—covering business ethics, product rules, and clarity of contracts between seller and buyer.
3. Free From Prohibited Elements
Although sharia businesses aim to earn profit, all processes must follow Islamic economic principles. Business owners must avoid practices that cause harm or are prohibited in Islam, such as gharar (uncertainty), maysir (gambling), and taking excessive or unfair advantage.
4. Conducting Business With Islamic Ethics
Ethics and moral conduct are essential foundations in sharia business. Good character in business reflects core Islamic values.
Business owners must uphold honesty, fairness, and transparency. In this way, business activities are not only profit-oriented but also considered a form of worship to Allah Subhanahu wa Ta'ala.
5. Fair Buying and Selling
Fairness requires that no party is harmed in a transaction. Sellers must provide honest information about product quality, while buyers must pay according to the agreed terms. Fairness helps ensure transparent, mutually beneficial transactions.
Types of Contracts (Akad) in Sharia Business
There are several types of contracts used in sharia business transactions. Each contract is designed based on Islamic principles to ensure lawful, fair, and transparent business activity. The most common contracts include:
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Murabahah: A transparent sale agreement in which the seller explains the cost price, quality, condition, and purchase terms.
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Salam: A pre-order agreement where payment is made upfront, either partially or fully, with clear conditions.
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Istishna: Similar to salam, but payments can be made in stages or upon completion of the product.
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Musyarakah: A partnership contract where both parties contribute capital, manage the business together, and share profits and losses based on agreement.
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Mudharabah: A partnership where one party provides capital and the other manages the business. Profits are shared according to agreement, while losses are borne according to the initially agreed terms.
Examples of Sharia Business
There are various business opportunities that can be operated based on Islamic economic principles. Several examples that are commonly found include:
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Sharia financial services, such as cooperatives offering sharia-based financing.
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Sales of worship equipment, including prayer garments, sarongs, and other prayer items.
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Sharia-based education services, such as tahfiz classes, Islamic manners education, and youth mentoring.
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Sharia property businesses using Islamic contracts and compliant sale-purchase schemes.
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Muslimah salons with gender-segregated services.
Running a sharia business is not only about earning profit but also about seeking blessings and adhering to Islamic values. In addition to prayer and strong effort, you can enhance your business journey by utilizing sharia-compliant financing services from BFI Finance.
BFI Finance, through its Sharia Business Unit (UUS) or BFI Finance Syariah, offers Sharia Financing using contracts such as ijarah and murabahah. This financing can be used for various needs, from increasing business capital to purchasing equipment or supporting your sharia business operations.
All financing processes follow sharia principles, ensuring safety, transparency, and comfort for business owners. BFI Finance is licensed and supervised by the Financial Services Authority (OJK), ensuring secure and trustworthy services.
With the right effort and sharia-compliant financial support, your business journey can become more steady and blessed. Together with BFI Finance Syariah, bring your business plans and dreams to life with #JauhLebihTenang.
