You need sufficient capital to start running a sharia business that has been your dream all along. Have you met a partner who has the same vision and mission? It's time to invite them to together raise capital for your business. Find an easy and practical way by reading this article to the end.
Starting a Sharia Business
Sharia business is what kind of business? What differentiates it from conventional business?
What is sharia business?
Basically, sharia business is a business that is run based on Islamic sharia principles. There are guidelines and restrictions that must be followed.
For example, in a buying and selling business, the product being sold must be halal and there should be no elements of ambiguity or fraud (gharar/khid'ah), unjust elements or elements of gambling (maysir) in the transaction. Apart from that, sharia buying and selling businesses must not contain elements of usury and require a valid akad in every buying and selling transaction. These are the principles of sharia business that differentiate it from conventional business.
Examples of sharia business
Based on the definition above, what are some examples of sharia business in Indonesia? Selling halal food and drink, halal tourism, Muslim clothing or fashion products and Muslim cosmetics are some examples of sharia businesses. From the examples given, what business are you interested in? Or is there another sharia business that you want to try?
Use Jago Syariah Shared Pocket as a Joint Account to Raise Your Sharia Business Capital
For those who have found a suitable partner and have the same vision and mission to run a sharia business, whatever it is, you can start raising business capital.
Jointly collecting and saving business capital according to sharia is easier and more practical using the Shared Pocket. You can use the Shared Pocket as an alternative to creating a joint account.
Open a Shared Pocket with your business partner directly from the Jago application
Opening a Shared Pocket is easy because you and your partner don't need to stop by Bank Jago. Make sure you and your partner both have a Jago Syariah account to be able to use the Jago Syariah Shared Pocket with interest-free Wadiah akad.
Follow these simple steps to create a Shared Pocket:
- Log into the Jago application then create a new Jago Syariah Pocket
- Choose the type of Pocket: for the Shared Pockets, Saving Pocket and Spending Pocket are available
- Once the Pocket is created, invite your partner to join
- The Pocket has become a Shared Pocket: you and your partner can start building your sharia business capital here
If you choose the Saving Pocket as your Shared Pocket, you and your partner can set a savings target (when sharia business capital must be collected), as well as set up automatic savings. Later, the Saving Pocket can be changed into a Spending Pocket when the capital has been collected and it is time to start a business.
More than 1 partner to start a sharia business? Not a problem as 1 Shared Pocket can have up to 30 members.
Transferring money to the Shared Pocket is as easy as moving money between Pockets
Every member who joins the Shared Pocket will be able to see this Pocket in their respective Jago applications.
So, when it comes to transferring money to the Shared Pocket, the process is very easy. You don't need to tell the Shared Pocket number (account number) to members. Just move money from another Pocket to this Shared Pocket.
All incoming and outgoing transactions are recorded automatically in the Shared Pocket
When money comes into the Shared Pocket, you and all members will get a notification in your respective Jago applications. Likewise with outgoing transactions, for example when the business is running and someone uses money in the Shared Pocket. So that each member can spend money in the Shared Pocket, make sure the Pocket owner has set the Can Spend role.
Or, you and all members can also go to the transaction history of the Shared Pocket to view transaction details. In this way, transparency of transactions using the Shared Pocket is always maintained.
You can build emergency funds for your sharia business using the Shared Pocket
Not just joint venture capital, you and your partner can also build emergency funds together using the Shared Pocket. Having emergency fund savings for your sharia business is as important as having emergency funds for yourself or your family.
For those of you who have plans to run a sharia business as your main job or side job, time to save money for your business capital. It's more blissful to save money in the Jago Syariah Shared Pocket as it uses a Wadiah akad according to sharia.
