Multiakad Model in Sharia Mutual Funds (Approach to Multiakad Theory)

Abstract

The current investment development is very significant, especially sharia mutual fund investment. This study aims to analyze the transaction of sharia mutual funds consisting of several contracts (multiakad). So researchers are interested in researching the multiakad model applied in sharia mutual funds with a multi akad theory approach. This research uses a descriptive qualitative research method with a data collection method in documentation and text tracing in books, journals, and articles related to the discussion. This study showed that sharia mutual fund investment using multiakad al-mutajanisah and mukhtalifah models consisting of wakalah bil ujrah and akad bay agreements in the form of ownership transfer. Another contract used is the mudharabah; that agreement has different legal reasons and is separated but assembled into one unit. This study provides an overview of the concept of commitment used in a sharia mutual fund investment product. This research is expected to reference the community and practitioners related to the commitment in sharia mutual fund investment.