IMPLEMENTATION OF HYBRID CONTRACTS CONCEPT OF SHARIA PAWN IN SHARIA BANKING
Journal Title: Journal of Economicate Studies - Year 2017, Vol 1, Issue 1
Abstract
The existence of people's need for financing is fast, easy, safe and certainly in accordance with the principles of sharia, triggering sharia banking to innovate. One form of innovation issued by sharia banks to support the needs of the community is the product of pawn gold sharia. On the other hand, concerns arise about the product of rahn (sharia pawn), because the rahn product (gold pawn) is not a productive asset in the profit. Considerations arise when the profits are derived from the percentage of the loan amounts given by the bank to customers, as is the practice in conventional banking. Based on the problems that will be examined by the author above, then the method used in the research is normative legal research method. The results of the research are: 1) gold pawning products performed by sharia banks using three contracts, namely contracts qardh, rahn, and ijarah; 2) the amount or amount of the place rental charge shall not be calculated from the percentage of the loan or the loan granted by the bank to the customer, but the amount of the fee is taken from the expenses that are clearly required; And 3) when payment is due, then the customer could not repay the debt, it shall be returned to the agreement which has been made and agreed by the parties.
Authors and Affiliations
Heris Suhendar
Keywords
Related Articles
- EP ID EP447790
- DOI 10.32506/joes.v1i1.5
- Views 101
- Downloads 0
IMPLEMENTATION OF HYBRID CONTRACTS CONCEPT OF SHARIA PAWN IN SHARIA BANKING
The existence of people's need for financing is fast, easy, safe and certainly in accordance with the principles of sharia, triggering sharia banking to innovate. One form of innovation issued by sharia banks to support...
IMPLEMENTATION OF THE CONCEPT OF AL-'UQÛD AL-MURAKKABAH ON SHARIA FINANCIAL INSTITUTIONS
This paper is intended to analyze philosophically about the existence of al-'Uqûd al-Murakkabah. This paper focuses its assessment on the opinions of scholars of hadith and fiqh (muamalah), as well as its application in...
PRODUCT INNOVATION OF SHARIA FINANCIAL INSTITUTION: THEORY REVIEW
Competitions in the financial industry are so tight that sharia banks can no longer simply rely on standard products to attract the public. The development of sharia banking products and services should not merely 'imita...
SYARI'AH COMPLIANCE FOR DEVELOPING INNOVATION OF SHARIA BANKING PRODUCTS IN INDONESIA
This paper discusses the application of Sharia compliance to industry and Islamic finance business. Sharia compliance is a possible means of preventing risk and fraud in the real sector. This also applies to the innovati...
DETERMINATION OF PRICE AND CUSTOMER SATISFACTION
Price policy or a value can affect the human mindset, considering its activities by using logic including in considering its needs as a customer of a product. a person or customer will choose which product performance is...