Abstract
The Mud} a> rabahsystem has attracted the investors, either domestic or overseas. Various kind of product developments of mud} a> rabahbegan to emerge, starting from financing to issuance of bond certificates and Certificate of mud} a> rabah Investment among the Banks. National Sharia Council (DSN-MUI) as a supervisor for the implementation of Islamic economic system has an important role in maintaining the harmony of Islamic economic practice as rooted in Al-Qur’an and Sunnah. As fatwa is always required, some rules of Fiqh has been emerged
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