COMPARATIVE ANALYSIS OF FIQH PROFIT SHARING IN AGRICULTURAL AND LIVESTOCK INVESTMENT: A CONCEPTUAL STUDY OF MUZARA'AH, MUKHABARAH, AND MUSYAQAH
DOI:
https://doi.org/10.54783/d6t9zy52Keywords:
Muzara'ah, Mukhabarah, Musyaqah, Sharia Investment, Agricultural Economics.Abstract
Investment practices in the agricultural and livestock sectors are the main pillars of Islamic economic development based on justice and benefit. In the context of muamalah fiqh, profit-sharing contracts such as muzara'ah, mukhabarah, and musyaqah become collaborative models between capital owners and managers that emphasize the principles of justice, shared risk, and social benefits. This study aims to compare the three forms of contracts in terms of fiqh principles, their application, and their relevance to contemporary investment. The approach used is conceptual and text-based with thematic analysis of classical and contemporary literature. The results of the analysis show that muzara'ah emphasizes more on land-based cooperation, seed-based mukhaqarah, while musyaqah focuses on the management of crop and livestock products. All three have great potential to become equitable investment instruments in the modern context, especially in the sustainable agriculture and halal livestock sectors. This article contributes to enriching the discourse of Islamic economics by associating classical fiqh with contemporary investment practices based on maqasid al-shari'ah.
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