Abstract
The purpose of this study is to analyze the Implementation of DPS Supervision on Sharia Products PT. Bank NTB Syariah Post-conversion and analyze the Legal Consequences of Supervision by DPS Against PT Products. Bank NTB Syariah, If Not In Accordance with Sharia Principles. Normative-empirical research methods. Research approaches are Legal Approach, Historical Approach and Legal Sociology Approach. Types and data sources are secondary data and primary data. Research location at PT. Bank NTB Syariah. Data collection techniques or legal materials are techniques for the collection of secondary materials and primary materials. Data processing is processed in a coherence and systematic. The data analysis in this study is qualitative, comprehensive, and complete. The results of the study, First, based on the results of supervision for two years post-conversion, DPS said that, in general, company operational activities. Bank NTB Syariah is in accordance with Sharia Principles, Fatwa DSN-MUI and DPS Sharia Opinion from the results of supervision of SHARIA products of PT. Bank NTB Syariah. Second, If the product developed and marketed is correct from the concept side, in practice there is a mistake / error that results in the product does not meet the pillars and conditions of the contract, then the profit obtained from the contract transaction is not valid as the Bank's income, but becomes TBDSP funds. Against existing products, there is a discrepancy with sharia principles and DSN-MUI fatwas, the consequences of which can be frozen or discontinued. Settlement continues the payment transaction until it is paid off or the customer must pay off immediately Keywords: Supervision, DPS, Sharia Banking Products. DOI: 10.7176/JLPG/108-11 Publication date: April 30 th 2021
Highlights
The transformation into a Sharia Commercial Bank is a strategic decision that brings about a fundamental change in PT's activities
Bank NTB Syariah regarding the process of developing new bank products, as follows: 1. Request an explanation from the authorized Bank official regarding the objectives, characteristics, and contract used in the new product to be issued; 2
Bank NTB Syariah is correct in terms of concept, but in practice there are errors or errors that result in the product not fulfilling the terms and conditions of the contract, so the profits obtained from the contract transaction are not valid as sharia banking income, but become unauthorized funds
Summary
The transformation into a Sharia Commercial Bank is a strategic decision that brings about a fundamental change in PT's activities. Various achievements and awards obtained since being converted into Sharia Commercial Banks (BUS) show significant developments in the banking world. Implementation of the regulation contained in Law No 21 of 2008 concerning Sharia Banking to the Sharia Supervisory Board (DPS) in the duties and functions of the implementation of supervision of Sharia Business products in PT. Bank NTB Syariah, whether it has been run in accordance with existing norms or even vice versa. The problem in this study is about the Implementation of Sharia Supervisory Board Supervision on PT Products. Bank NTB Syariah Post-conversion and Legal Consequences supervision by sharia supervisory board on PT. Bank NTB Syariah If Not In Accordance With Sharia Principles
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