| Summary: | Distributions of financing conducted by BMT Harapan Ummat Sidoarjo
are mostly in musharakah contracts to micro and small enterprises which are do
not have adequate financial records to calculate profit as basis of calculation of
profit sharing. The aim of this research is evaluating conformity the method of
calculating profit sharing implemented in musharakah contracts by BMT Harapan
Ummat Sidoarjo with fiqh muamalah. This research was conducted in case study
method through descriptive approach. The written data sources were the officially
documents, records, brochures, and website of BMT Harapan Ummat Sidoarjo.
The techniques of collecting un-written data used were interview, observation,
and arranging the field observation records.
Based on the analysis of the data collected for research, researcher
obtained conclusion that BMT Harapan Ummat Sidoarjo use gross profit of
ventures as the basis of profit sharing calculations in musharakah financing. Gross
profit was chosen because it justified according to the sharia provisions and more
simple adapted to the most customers that are retail merchants in traditional
markets. The policy of BMT Harapan Ummat management that use the realized
gross profit as the basis of profit sharing is accordance with sharia provisions, but
the method of calculating for customers who do not have any financial records by
using estimated profit is not in accordance with the sharia based on ulama
convention.
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