The meaning of cash flow management for the non-bank housing developers

Authors

  • Mochammad Syarif Sofyan Accounting Departement, Faculty of Economics and Business, Brawijaya University
  • Unti Ludigdo
  • Aji Dedi Mulawarman

DOI:

https://doi.org/10.20525/ijrbs.v10i4.1174

Keywords:

Cash Flow, Bankless Housing, Islamic Phenomenology, Sharia

Abstract

This study aims to investigate in more depth the meaning of cash flow management carried out by bank-less housing practitioners. This research, which uses Islamic phenomenology, involves Muslim practitioner informants trying to operate their business to comply with various sharia provisions and scholars informant who knows the bank-less housing business both in practice and the Islamic law. The findings indicate that cash flow means; (1) both material and non-material; (2) obedience to the implementation of cash flow management solutions in Islam; (3) creativity in cash flow management activities based on priority (compulsory, sunna, permissible); (4) justice obtained through muamalah contracts; (5) sharia oriented through the obligation to continue to communicate with the scholars.

References

Abdurrahman, H. (2016). Rapor Merah Bank Syariah Kritik atas Fatwa Produk Perbankan Syariah. Bogor: Al-Azhar Press.

Adnan, M. A. (1997). The Shari’ah, Islamic Banks and Accounting Concept. Jurnal Akuntansi Dan Auditing Indonesia, 1(1), 47–80. Retrieved from https://journal.uii.ac.id/JAAI/article/view/11034

Al-Faizin, A. W., & Nashr, A. (2018). Tafsir Ekonomi Kontemporer: Menggali Teori Ekonomi Dari Ayat-ayat Al-Qur’an. Jakarta: Gema Insani.

Al-Jawi, M. S. (2013). Batas Maksimal Laba Perdagangan, Adakah? Retrieved March 8, 2021, from konsultasi.wordpress.com website: https://konsultasi.wordpress.com/2013/11/12/batas-maksimal-laba-perdagangan-adakah/

Ali, M. N. (2015). Perbuatan dan Tanggungjawab Hukum dalam Konsep Ushul Fiqh. Istinbath?: Jurnal Hukum, 12(1), 20–38. Retrieved from https://ojs.metrouniv.ac.id/index.php/istinbath/article/view/573

Alim, M. N. (2011). Akuntansi Syariah Esensi , Konsepsi , Epistimologi , Dan Metodologi. Jurnal Investasi, 7(2), 154–161. Retrieved from https://journal.trunojoyo.ac.id/infestasi/article/view/498

Alsharif, B. M., Bataineh, T. M., & Abo Aliqah, K. M. (2020). Cash Flows and Earnings for Share in Islamic Banks: Jordanian Evidence. International Journal of Business and Management, 15(12), 15–24. https://doi.org/10.5539/ijbm.v15n12p15

Andreas. (2017). Analysis of Operating Cash Flow to Detect Real Activity Manipulation and Its Effect on Market Performance. International Journal of Economics and Financial Issues, 7(1), 524–529. Retrieved from https://www.econjournals.com/index.php/ijefi/article/view/3981

Badreldin, A. (2019). Transparency Problems in Cash Flow Transformation and Reserves Management in Islamic Investment Accounts. Journal of Islamic Finance, 8(2), 1–9. Retrieved from https://journals.iium.edu.my/iiibf-journal/index.php/jif/article/view/310

Batubara, Z. (2019). Akuntansi Dalam Pandangan Islam. JAS (Jurnal Akuntansi Syariah), 3(1), 66–77. https://doi.org/https://doi.org/10.46367/jas.v3i1.163

Bhandari, S. B., & Adams, M. T. (2017). On the definition, measurements, and use of the free cash flow concept in financial areporting and analysis: A review and recommendations. Journal of Accounting and Finance, 17(1), 11–19. Retrieved from http://www.na-businesspress.com/JAF/BhandariSB_Web17_1_.pdf

Budiman, A. (2014). Kapitalisme Ekonomi Syariah. An-Nisbah: Jurnal Ekonomi Syariah, 1(1), 47–71. https://doi.org/10.21274/an.2014.1.1.47-71

Budiwati, S. (2017). Akad Sebagai Bingkai Transaksi Bisnis Syariah. Jurnal Jurisprudence, 7(2), 152–159. https://doi.org/10.23917/jurisprudence.v7i2.4095

Creswell, J. W. (2015). Qualitative Inquiry & Research Design: Choosing Among Five Approaches (Ke-3; A. L. Lazuardi, Trans.). Yogyakarta: Pustaka Pelajar.

Fachrudin, F. (2018). Kajian Teori Laba Pada Transaksi Jual Beli Dalam Fiqh Mu’?malah (Studi Komparasi Teori Laba Ekonomi Konvensional). Ad Deenar: Jurnal Ekonomi Dan Bisnis Islam, 1(01), 68–74. https://doi.org/10.30868/ad.v1i01.228

Fajarwati, D., & Sambodo, S. D. (2010). Pengkajian Tentang Penyusunan dan Penyajian Laporan Keuangan Pada Lembaga Keuangan Syariah. JRAK: Jurnal Riset Akuntansi Dan Komputerisasi Akuntansi, 1(2), 15–37. Retrieved from http://jurnal.unismabekasi.ac.id/index.php/jrak/article/view/127

Firmansyah, E. A., & Gunardi, A. (2018). A New Paradigm in Islamic Housing: Non-Bank Islamic Mortgage. Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah, 10(2), 313–324. https://doi.org/10.15408/aiq.v10i2.7274

Firmansyah, E. A., & Indika, D. R. (2017). Kredit Pemilikan Rumah Syariah Tanpa Bank: Studi di Jawa Barat. Jurnal Manajemen Teori Dan Terapan. Journal of Theory and Applied Management, 10(3), 223–230. https://doi.org/10.20473/jmtt.v10i3.6541

Ghofur, R. A. (2016). Teori Disribusi dalm Sistem Ekonomi Islam. In Fordebi, Adesy, Ekonomi dan Bisnis Islam: Seri Konsep dan Aplikasi Ekonomi dan Bisnis Islam (pp. 274–297). Jakarta: Rajawali Pers.

Hafizah, Y. (2012). Khiyar sebagai Upaya Mewujudkan Keadilan dalam Bisnis Islami. At-Taradhi: Jurnal Ilmu Ekonomi, 3(2), 165–171. Retrieved from https://jurnal.uin-antasari.ac.id/index.php/taradhi/article/view/571

Has, A. W. (2013). Ijtihad Sebagai Alat Pemecahan Masalah Umat Islam. Epistemé: Jurnal Pengembangan Ilmu Keislaman, 8(1), 89–112. https://doi.org/10.21274/epis.2013.8.1.89-112

Hidayah, M. R., Nawawi, K., & Arif, S. (2018). Analisis Implementasi Akad Istishna Pembiayaan Rumah (Studi Kasus Developer Property Syariah Bogor). Jurnal Ekonomi Islam, 9(1), 1–12. Retrieved from https://journal.uhamka.ac.id/index.php/jei/article/view/1288

Hidayat, G. (2017). Analisis Faktor-Faktor Yang Mempengaruhi Keputusan Permintaan KPR Pada Bank Syariah Di Kabupaten Sumedang. Coopetion, VIII(2), 129–137. Retrieved from https://ikopin.ac.id/jurnal/index.php/coopetition/article/view/32

Irma, A. H., Natalia, A. P., & Kurniawan, D. E. (2016). Kepatuhan Terhadap Nilai-nilai Syariah Islam Pada Kredit Properti Syariah. The International Conference on Economics, Business and Social Science (ICEBUSS), 1–16. Malang, Jawa Timur. Retrieved from http://icebuss.org/paper/207.pdf

Irwansyah, S. (2018). Perbuatan dan Pertanggungjawaban Hukum dalam Bingkai Ushul Fikih. Tahkim (Jurnal Peradaban Dan Hukum Islam), 1(1), 88–101. https://doi.org/10.29313/tahkim.v1i1.3223

Ismail, M. (2011). Fikrul Islam?: Bunga Rampai Pemikiran Islam. Bogor: Al-Azhar Press.

Junaidi. (2015). Laba dan Arus Kas dalam Memprediksi Laba dan Arus Kas Masa Mendatang dan Pola Harga Saham. Jurnal Akuntansi Dan Keuangan, 17(2), 97–107. https://doi.org/10.9744/jak.17.2.97-107

Kamayanti, A. (2016). Metodologi Penelitian Kualitatif Akuntansi: Pengantar Religiositas Keilmuan. Jakarta Selatan: Yayasan Rumah Peneleh.

Lee, T. A. (1979). The Contribution Of Fisher To Cash Flow Accounting. Journal of Business Finance & Accounting, 6(3), 321–330. https://doi.org/10.1111/j.1468-5957.1979.tb01093.x

Mahmud, Y. A. (2009). Al-Buyu’ al-Qadimah wa al-Mu’ashirah wa al-Burshat al-Mahaliyyah wa ad-Duwaliyyah (Y. Abdurrahman, Trans.). Bogor: Al-Azhar Press.

Manzilati, A. (2016). Wealth System dalam Islam. In Fordebi, Adesy, Ekonomi dan Bisnis Islam: Seri Konsep dan Aplikasi Ekonomi dan Bisnis Islam (pp. 364–393). Jakarta: Rajawali Pers.

Moleong, L. J. (2016). Metodologi Penelitian Kualitatif (Revisi). Bandung, Indonesia: PT. Remaja Rosdakarya.

Mulawarman, A. D. (2007). Menggagas Laporan Arus Kas Syari’ah Berbasis Ma’isyah: Diangkat Dari Habitus Bisnis Muslim Indonesia. SNA X Makassar. Retrieved from http://digilib.mercubuana.ac.id/manager/t!@file_artikel_abstrak/Isi_Abstraksi_352320727076.pdf

Mulawarman, A. D. (2010). Integrasi Paradigma Akuntansi: Refleksi atas Pendekatan Sosiologi dalam Ilmu Akuntansi. Jurnal Akuntansi Multiparadigma, 1(1), 155–171. https://doi.org/10.18202/jamal.2010.04.7086

Mulawarman, A. D. (2011). Akuntansi Syariah Teori, Konsep dan Laporan Keuangan. Jakarta: Bani Hasyim Press & E. Publishing.

Murtiyani, S. (2009). The Historical fact and development concept of shariah accounting. Jurnal Mukaddimah, XV(26), 43–58. Retrieved from http://digilib.uin-suka.ac.id/8626/1/SITI MURTIYANI THE HISTORICAL FACT AND DEVELOPMENT CONCEPT OF SHARIAH ACCOUNTING.pdf

Nasution, M. Y. (2014). Peran Strategis Ulama dalam Pengembangan Ekonomi Syariah. Human Fallah, 1(1), 17–28. Retrieved from http://jurnal.uinsu.ac.id/index.php/humanfalah/article/view/161

Niswatin, Triyuwono, I., Nurkholis, & Kamayanti, A. (2014). Islamic Values of Islamic Bank Underlying Performance Assessment. Research Journal of Finance and Accounting, 5(24), 106–114. Retrieved from https://www.iiste.org/Journals/index.php/RJFA/article/view/18499

Niswatin, Triyuwono, I., Nurkholis, & Kamayanti, A. (2015). Konsep Dasar Penilaian Kinerja Bank Syariah. Simposium Nasional Akuntansi (SNA) XVIII. Medan. Retrieved from http://lib.ibs.ac.id/materi/Prosiding/SNA XVIII/makalah/075.pdf

Putri, C. R. S., & Hasan, D. B. N. (2017). Analisis Penerapan Konsep Bisnis Syariah pada Jual Beli Rumah (Studi Kasus di Developer Property Syariah D’Ahsana Mojokerto) (Universitas Trunojoyo Madura). Universitas Trunojoyo Madura. Retrieved from https://pta.trunojoyo.ac.id/welcome/detail/130721100070

Rahmawati. (2011). Dinamika Akad dalam Transaksi Ekonomi Syariah. Al-Iqtishad: Journal of Islamic Economics, 3(1), 19–34. https://doi.org/10.15408/aiq.v3i1.2494

Rahmawaty, A. (2007). Ekonomi Syari’ah: Tinjauan Kritis Produk Murabahah dalam Perbankan Syari’ah di Indonesia. La_Riba, 1(2), 187–203. https://doi.org/10.20885/lariba.vol1.iss2.art3

Satria, M. R., & Setiani, T. (2018). Analisis Perbandingan Pemberian Kredit Pemilikan Rumah (KPR) Pada Bank Konvensional Dengan Pembiayaan Murabahah (KPR) Pada Bank Syariah. Amwaluna: Jurnal Ekonomi Dan Keuangan Syariah, 2(1), 105–118. https://doi.org/10.29313/amwaluna.v2i1.2880

Septyan, K., & Julianto, W. (2017). Urgensi Fiqih Muamalah dalam Mata Kuliah Akuntansi Syariah. JAS (Jurnal Akuntansi Syariah), 1(2), 300–310. Retrieved from https://ejournal.stiesyariahbengkalis.ac.id/index.php/jas/article/view/119

Setyawati, I., & Amalia, R. (2018). The Role of Current Ratio, Operating Cash Flow and Inflation Rate in Predicting Financial Distress: Indonesia Stock Exchange. Jurnal Dinamika Manajemen, 9(2), 140–148. https://doi.org/10.15294/jdm.v9i2.14195

Sulaiman, S. (2016). Penyimpangan Akad Mur?bahah Pada Perbankan Syariah di Indonesia. Iqtishodia: Jurnal Ekonomi Syariah, 1(2), 1–16. Retrieved from http://ejournal.alqolam.ac.id/index.php/iqtishodia/article/view/61

Suprihatin, S. (2015). Otentisitas Konsep al-Murâbahah Di Bank Syariah. AHKAM?: Jurnal Ilmu Syariah, 15(1), 73–80. https://doi.org/10.15408/ajis.v15i1.2850

Sutopo, O. R. (2010). Beragam Islam, Beragam Ekspresi: Islam Indonesia dalam Praktik. MASYARAKAT: Jurnal Sosiologi, 15(2), 85–97. https://doi.org/10.7454/mjs.v15i2.4999

Triono, D. C. (2017). Ekonomi Islam Madzhab Hamfara – Jilid 1?: Falsafah Ekonomi Islam (Revisi). Yogyakarta: Irtikaz.

Triono, D. C. (2020). Membangun Bisnis Syari’ah 01. Yogyakarta: Daaruts Tsaqofi.

Triyuwono, I. (2015). Akuntansi Syariah: Perspektif, Metodologi, dan Teori (Ke-2). Jakarta: Rajawali Pers.

Umdiana, N., & Hapsari, D. P. (2016). Analisis Penaruh Arus Kas Bersih dan Laba Terhadap Saham Syariah. Jurnal Akuntansi, 3(1), 16–23. Retrieved from https://e-jurnal.lppmunsera.org/index.php/Akuntansi/article/view/196

Widowati, E. (2013). Pengaruh Labar Akuntansi dan Arus Kas Terhadap Return Saham Syariah yang Terdaftar di Jakarta Islamic Index Tahun 2007-2008. Jurnal Ilmiah Wahana Akuntansi, 8(2), 137–148. Retrieved from http://journal.unj.ac.id/unj/index.php/wahana-akuntansi/article/view/859

Yuswohady. (2018). Perkembangan Pasar Bisnis Syariah. Retrieved October 11, 2018, from economy.okezone.com website: https://economy.okezone.com/read/2018/05/20/320/1900477/perkembangan-pasar-bisnis-syariah?page=1

Zubair, M. K., & Hamid, A. (2016). Eksistensi Akad Dalam Transaksi Keuangan Syariah. Diktum: Jurnal Syariah Dan Hukum, 14(1), 45–54. Retrieved from http://almaiyyah.iainpare.ac.id/index.php/diktum/article/view/222

Zulaekah, Z. (2015). Norma Hak Milik Dalam Al-Qur’an. IQTISHADIA: Jurnal Ekonomi & Perbankan Syariah, 1(2), 176. Retrieved from http://ejournal.iainmadura.ac.id/index.php/iqtishadia/article/view/480

Downloads

Published

2021-06-14

How to Cite

Sofyan, M. S., Ludigdo, U., & Mulawarman, A. D. (2021). The meaning of cash flow management for the non-bank housing developers. International Journal of Research in Business and Social Science (2147- 4478), 10(4), 195–203. https://doi.org/10.20525/ijrbs.v10i4.1174

Issue

Section

Financial and Economic Studies