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Shariah prohibits taking of the interest in the financing and investment activities includes providing fund for business activities. Nowadays, many businesspersons recognized that there is an opportunity to generate the profit from the intermediation between savers and investors or lenders and borrowers, and this led to the growth of varieties of financial system, one of them is Islamic non and institutions. In practices, the Islamic non-institutions as provider funds for business activities must be complying with the Shariah. This study is written to investigate the practice of aqad Shirkah and its advantages to the financial performance. A quantitative data analysis is used to calculate the Return on Asset (ROA), Return on Equity (ROE) and comparing the profits earned by both i.e. Non o Financial institutions. The secondary data were collected from two sources i.e. non-institutional (Jroh Production Company) and the institutional including BCA (Islamic) and BCA (Commercial) for one year (in 2016). The result of this study shows that the financial performance measured by ROA of non-institutional (e.g. Jroh Production Companies) and BCA (Islamic Bank) is categorized as very healthy. In contrast, the BCA (Commercial Bank) categorized as unhealthy. Meanwhile, by applying the value of ROE, their financial performance is still categorized as unhealthy. Further, the result of real profit earned from investment activities by non-institutional (e.g. Jroh Production Companies) is 4.29% (lower bound), 37% (upper bound) and in average, is 14.46%. It indicates the advantages of aqad Shirkah proved that the Islamic financial system more profitable and beneficial compared to other financial system utilized by Islamic and commercial bank in this case. Keyword: Sharia, Shirkah, Return on Asset (ROA), Commercial Bank

The Advantages of Aqad Shirkah and it’s Financial Performance Case Study: non-and Financial Institutions in Aceh, Indonesia