Aji Dedi Mulawarman
Lecturer, University of Brawijaya, Indonesia.Elimination of Riba through Purification (Tazkiyah)
of the Cash Flow Concept: A Study from the
Indonesian Business Muslim Habitus
The objective of the research is to formulate Shariah Cash Flow
concept from the real transaction and business habitus of Indonesian
Moslem Society. The existence of time value of money in the
conventional Cash Flows concept is important because of the
uncertainty condition. Uncertainty condition relates to the allocation
problem in Cash Flow Accounting and gives way to gharar/usury/riba.
The only possibility is to eliminate the substantial deadlock over the
form of Cash Flow concept based on riba towards Cash Flow concept
that has Shariah values substances, namely tazkiyah. Such formulation is
conducted by utilizing Extension of Integrated Islamic
Hyperstructuralism Methodology. In this methodology, conventional
concept of cash flow accounting is purified (tazkiyah) by Shariah
Accounting. The result is then purified (tazkiyah) by Islamic
Technosystem and Extension of Pierre Bourdieu's Constructivist
Structuralism to generate Shariah Cash Flow concept. The major result
shows that ma'isyah becomes a substance of Shariah Cash Flow concept.
This means that ma'isyah is actually used to search value added
(economic, social and environment) activities (material) to attain
barakah/blessings (soul-spiritual).