Capital Strategy in Property Sharia Business with Syirkah Mudharabah Approach

The sharia property business in the form of providing housing (residential) for the community is not an easy business; one of the factors is the lack of capital to finance a project. In the business system of capitalism as is the case today, many financial institutions offerkeys for given thatinvestment to assist the community in developing businesses, including the property business. Banking institutions are one of them. However, the concept of financing that was prepared by the banks was still based on the usury debt scheme and false contracts. This study aims to find out how sharia schemes provide capital solutions to finance property business development without having to rely on usury (interest) debt-based capital schemes through usurious financial institutions. The studytechnique that investigators use is a type of field research, qualitative descriptive. The data source that the researcher uses is the primary data obtained from the results of interviews with competent informants, andsecondary data attained from related report documents, internet and other literature. Measures of data collecting, scholars used discussions and documentation. The technique of guaranteeing the validity of the data, the researcher uses a triangulation examination technique with the method. Methods of data analysis researchers used qualitative data analysis. The results show that in the property business, capital is an important aspect in supporting the sustainability of a project. To provide a capital solution in a sharia perspective, syirkah mudharabah is the solution. Syirkah Mudharabah is a form of business company (cooperation) in which one party is the manager of the property business and the other is the investor. The business profits from this Mudharabahsyirkah are divided based on the agreement of the parties. Many parties can be used as Mudharabahsyirkah partners, but in this study the pure investors are investors who submit capital in the form of money worth IDR. 3,000,000,000 to be managed in property business development through PT. IhsanPratama Group. After managing this project, it was found that the aggregateincome obtained in this business partnership was IDR. 3,620,737,000. In the initial syirkah Mudharabah agreement it was agreed that in this cooperation the profit sharing between the parties is 70% for the manager and 30% for the investor of the total profit. So that the total profit sharing obtained by the manager is IDR. 2,534,515,000 and the wholeturnover sharing obtained by the investors is IDR. 1,086,221,000. The restriction of this study is that it only analyses the project with the assumption of cash sales, while it is very possible that sales are made on credit with a tenor of 10-15 years.