AGREEMENT IN THE DIVISION OF INHERITANCE ASSETS: PERSPECTIVES FROM MAQASID SHARIAH AND THE COMPILATION OF ISLAMIC LAW

Syamsul Bahri; eficandra eficandra; Yengki Hirawan

doi:10.31958/alushuliy.v3i1.12084

Authors

Syamsul Bahri Universitas Islam Negeri Mahmud Yunus Batusangkar http://orcid.org/0009-0000-8619-6806
eficandra eficandra Universitas Islam Negeri Mahmud Yunus Batusangkar
Yengki Hirawan Pengadilan Agama Batusangkar

DOI:

https://doi.org/10.31958/alushuliy.v3i1.12084

Keywords:

inheritance, takharuj, maqashid syariah

Abstract

The Qur'an's Surah an-Nisa verses 11, 12, and 176, along with the hadith of Prophet Muhammad, establish the inheritance system and the share of each heir in Islam. However, in practice, many people simply agree on a division of inheritance. The reconciliation in question is mentioned in item 183 of the Compilation of Islamic Law. Therefore, this essay addresses peace in inheritance distribution from the perspective of Maqasid Sharia and its application based on KHI. Descriptive qualitative content analysis is employed in this study. The Saussure model is mentioned as the data analysis method. The analysis of relevant research materials, classification of information, interpretation of data, and verification of findings are the steps involved in analyzing research data. A credibility test is used to authenticate the data, primarily by encouraging researchers to spend more time examining crucial details from the source materials. According to the study's findings, Maqasid Sharia's emphasis on preserving the well-being of heirs is closely related to harmony in inheritance distribution. 'Takharuj', or harmony in inheritance distribution, refers to heirs' willingness to waive their rights as stipulated in the will. This willingness may occur with predetermined compensation or without any compensation at all. When peace is achieved, it occurs once each heir is fully aware of their rights under the terms of the will

References

Azad, A. S. M. S., Azmat, S., & Hayat, A. (2023). What determines the profitability of Islamic banks: Lending or fee? International Review of Economics & Finance, 86(May), 882–896. https://doi.org/10.1016/j.iref.2019.05.015

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

Chen, Q., Katagiri, M., & Surti, J. (2022). Monetary surprises and bank equity valuation with prolonged low interest rates. Finance Research Letters, 47, 102608. https://doi.org/10.1016/j.frl.2021.102608

Dang, V. D., & Dang, V. C. (2020). The conditioning role of performance on the bank risk-taking channel of monetary policy: Evidence from a multiple-tool regime. Research in International Business and Finance, 54, 101301. https://doi.org/10.1016/j.ribaf.2020.101301

Dang, V. D., & Huynh, J. (2022). Monetary policy and bank performance: The role of business models. The North American Journal of Economics and Finance, 59, 101602. https://doi.org/10.1016/j.najef.2021.101602

Hussain, M., Bashir, A., Wang, C., & Wang, Y. (2023). World uncertainty, natural resources, consumer prices, and financial development in high-income countries. Resources Policy, 81, 103302. https://doi.org/10.1016/j.resourpol.2023.103302

İncekara, A., & Çetinkaya, H. (2019). Liquidity Risk Management: A Comparative Analysis of Panel Data Between Islamic And Conventional Banking In Turkey. Procedia Computer Science, 158, 955–963. https://doi.org/10.1016/j.procs.2019.09.136

Jan, A., Marimuthu, M., & @ Mat Isa, M. P. bin M. (2019). The nexus of sustainability practices and financial performance: From the perspective of Islamic banking. Journal of Cleaner Production, 228, 703–717. https://doi.org/10.1016/j.jclepro.2019.04.208

Joaqui-Barandica, O., Manotas-Duque, D. F., & Uribe, J. M. (2022). Commonality, macroeconomic factors and banking profitability. The North American Journal of Economics and Finance, 62, 101714. https://doi.org/10.1016/j.najef.2022.101714

Mamatzakis, E., & Bermpei, T. (2016). What is the effect of unconventional monetary policy on bank performance? Journal of International Money and Finance, 67, 239–263. https://doi.org/10.1016/j.jimonfin.2016.05.005

Mensi, W., Hammoudeh, S., Tiwari, A. K., & Al-Yahyaee, K. H. (2020). Impact of Islamic banking development and major macroeconomic variables on economic growth for Islamic countries: Evidence from panel smooth transition models. Economic Systems, 44(1). https://doi.org/10.1016/j.ecosys.2019.100739

Nguyen, H., Le, Q., Vu, T., Nguyen, H., & Schinckus, C. (2022). Heliyon Bank lending behaviour and macroeconomic factors : A study from strategic interaction perspective. Heliyon, 8(August), e11906. https://doi.org/10.1016/j.heliyon.2022.e11906

Ramlan, H., & Adnan, M. S. (2016). The Profitability of Islamic and Conventional Bank: Case Study in Malaysia. Procedia Economics and Finance, 35, 359–367. https://doi.org/10.1016/S2212-5671(16)00044-7

Shahmi, M. A., & Aimon, H. (2020). The Intervention of Macroeconomic Variables on Monetary Stability in Indonesia : Error – Correction Model Approach. Proceedings of the 4th Padang International Conference on Education, Economics, Business and Accounting (PICEEBA-2 2019), 124, 244–248.

Tho’in, M. (2019). Profitability of Islamic Commercial Banks in Indonesia. Management and Economic Journal, 3(3), 277–288. http://dx.doi.org

Trad, N., Trabelsi, M. A., & Goux, J. F. (2017). Risk and profitability of Islamic banks: A religious deception or an alternative solution? European Research on Management and Business Economics, 23(1), 40–45. https://doi.org/10.1016/j.iedeen.2016.09.001

Trinugroho, I., Risfandy, T., & Ariefianto, M. D. (2018). Competition, diversification, and bank margins: Evidence from Indonesian Islamic rural banks. Borsa Istanbul Review, 18(4), 349–358. https://doi.org/10.1016/j.bir.2018.07.006

Wang, L. (2023). Central bank asset purchases, banks’ risky security holdings and profitability: Macro and micro evidence from Japan and the U.S. International Review of Economics & Finance. https://doi.org/10.1016/j.iref.2023.04.022

Yanikkaya, H., Gumus, N., & Pabuccu, Y. U. (2018). How profitability differs between conventional and Islamic banks: A dynamic panel data approach. Pacific-Basin Finance Journal, 48(July 2017), 99–111. https://doi.org/10.1016/j.pacfin.2018.01.006

Yuliana, adah, & Bashir, A. (2017). International Journal of Economics and Financial Issues Comparative Analysis of Profit Sharing Financing Between Islamic Banks (BUS) and Islamic Rural Bank (BPRS) in Indonesia. International Journal of Economics and Financial Issues, 7(2), 266–270.

Zuwardi, Padli, H., & Shahmi, M. A. (2019). Analisis Pengaruh Dana Pihak Ketiga (DPK), Capital Adequacy Ratio (CAR), dan Non Performing Financing (NPF) Terhadap Pembiayaan (Studi Pada BUS dan UUS di Indonesia Periode 2014-2018). Jurnal Imara.