National Sharia Board Research Articles

Qiyas Method of the National Sharia Board Fatwas and the Contemporary Islamic Economic Problems

The Qiyas method in the formation of fatwas of the National Sharia Board-Indonesian Ulema Council aims to provide legal solutions to contemporary Sharia economic problems that have no precedent in classical Islamic legal texts. Therefore, the Qiyas method must be relevant and responsive to the development of sharia financial institutions. This study discusses the application of the qiyas method in the process of making fatwas of the National Sharia Board-Indonesian Ulema Council, and its implications for contemporary Sharia economic problems. The research method uses normative juridical with a conceptual and philosophical approach. The sources of legal materials are contemporary fatwas from the National Sharia Board, such as Sukuk, Sharia insurance, istishna', Sharia credit cards and others that are relevant. The data collection technique uses documentation studies. The research findings show that the application of the qiyas method in Sharia economic fatwas on sukuk, murabahah financing, Sharia insurance, istishna' financing, and Sharia credit cards shows flexibility towards the development and innovation of contemporary Sharia finance. The qiyas method has implications for maintaining the conformity between contemporary financial products and Sharia principles, increasing the flexibility and dynamics of Sharia economic law, providing legal certainty and standardization in Sharia financial institutions, assisting innovation in Sharia financial products and services, reducing the potential for legal ambiguity and increasing public understanding of sharia economic law.

ANALISIS FATWA DSN MUI NO: 123/DSN-MUI/XI/2018 TERHADAP PENGGUNAAN DANA TBDSP DI BTPN SYARIAH PERIODE TAHUN 2020-2023

Bank Tabungan Pensiunan Negara (BTPN) also develops BTPN with Sharia principles. Islamic banking management also has funds that cannot be recognized as income (TBDSP), the TBDSP funds are used for community social activities. In receiving and distributing TBDSP funds to Sharia Banks, the National Sharia Board (DSN) of the Indonesian Ulema Council (MUI) issued Fatwa Number 123/DSN-MUI/XI/2018. The purpose of this article is to analyze the implementation of Fatwa DSN MUI No. 123/DSN-MUI/XI/2018 against the use of TBDSP funds. This research uses qualitative methods with a literature study approach. The data used was obtained from BTPN Syariah's annual performance report for the 2020-2023 period, the website of the Indonesian Ulema Council (MUI), the website of the Financial Services Authority (OJK) and the Central Statistics Agency (BPS). As a result of this research, BTPN Syariah has implemented fatwa DSN MUI Number 123/DSN-MUI/XI/2018 in managing TBDSP funds for the 2020-2023 period by using these funds for social activities. In distributing TBDSP funds, BTPN Syariah helps communities affected by Covid 19 and assists the government in the recovery and empowerment of MSMEs after Covid 19. This implementation is that the use of TBDSP funds by BTPN Syariah does not contradict sharia principles, as stipulated in Fatwa DSN MUI Number 123/DSN-MUI/XI/2018.

Dimensi Pembentuk Ketertarikan Investor Memilih Produk Cilem BSI Kencong

Islamic investment has become an attractive choice for Indonesian society looking to grow their funds while adhering to Islamic law. BSI Kencong, part of Bank Syariah Indonesia (BSI), offers the Cilem investment product designed to meet these needs. This research aims to identify the factors influencing public interest in investing in Cilem at BSI Kencong. The research method employed is qualitative, utilizing literature review and customer testimonial analysis. Data was gathered from various sources, including official BSI publications, Islamic investment literature, and customer reviews. The findings reveal several key factors driving public interest in Cilem investments. Firstly, the competitive profit potential is a major attraction, supported by expertise in investment management and diversification across safe Sharia-compliant instruments. Secondly, the security and trust provided by BSI Kencong, overseen by the Financial Services Authority and the National Sharia Board of MUI, instill confidence in customers. Thirdly, adherence to Islamic principles is crucial, evidenced by Sharia certification from the National Sharia Board of MUI. Additionally, ease of access and transactions play a significant role. BSI Kencong offers various channels including branches, the BSI Mobile app, website, and agents, enhancing customer convenience. Friendly and professional service from BSI Kencong staff adds to customer comfort and satisfaction. Active promotion and education efforts by BSI Kencong increase public awareness and understanding of Cilem products. Positive testimonials from investors demonstrate real benefits, encouraging prospective customers to participate. Lastly, the desire to support the growth of Islamic economy in Indonesia further strengthens public interest in Cilem investments. In conclusion, the combination of factors such as profit potential, security and trust, Sharia compliance, ease of access, professional service, promotion and education, positive testimonials, and support for Islamic economy collectively create a compelling attraction for the public to invest in Cilem products through BSI Kencong.

Istinbath Methodology of DSN-MUI: Integrating Classical Islamic Jurisprudence with Contemporary Needs

The objective of this paper is to examine the methodology employed by the National Sharia Board of the Indonesian Council of Ulama (DSN-MUI) in deriving legal rulings (istinbath) within the dynamic framework of the intersection between classical Islamic jurisprudence and contemporary societal needs. The study seeks to provide a detailed analysis of the approach adopted by the DSN-MUI, with a particular emphasis on its predominant utilization of the Intiqa’i or Takhyiri framework. This approach underscores the significance of considering maslaha (public interest) and makharij (solutions) over tarjih (preferential selection based on the strongest evidence). Employing a qualitative research methodology, the paper conducts a thorough content analysis of the fatwas issued by the DSN-MUI and relevant scholarly literature to delve into their istinbath process. The research findings suggest that the DSN-MUI occasionally resorts to collective ijtihad (ijtihad jama’i) in exceptional circumstances, diverging from the prevailing consensus on issues such as non-cash gold transactions and the conversion of tabarru’ contracts into mu`awadhat contracts. By shedding light on the application of the principles of tafriq al-halal wa-al-haram (differentiation between what is permissible and impermissible) and al-’ibrah fi al-’uqud bi al-alfazh wa al-mabani (legal reasoning in accordance with the teachings of Imam Shafii), this study significantly contributes to the field of Islamic jurisprudence. Moreover, this research offers a comprehensive analysis of the istinbath methodology of the DSN-MUI, providing valuable insights into how classical Islamic jurisprudence is adapted to address contemporary economic and social challenges in the Indonesian context.

Role Transformation of National Sharia Board-Indonesian Ulama Council (DSN-MUI) in the Dynamics of Fatwa Determination in the Modern Era

The role transformation of the National Sharia Board Dewan Syariah Nasional (DSN); one of the organizational structures in Indonesian Ulama Council Majelis Ulama Indonesia (MUI) in the dynamics of fatwa determination in the modern era is an important topic to be studied in the context of rapid social, economic, and technological change. This article aims to analyze how DSN-MUI adapts to the challenges of modern times and develops a methodology for setting fatwas that is relevant and responsive to the needs of contemporary society. Through a comprehensive literature review, this article highlights the evolution of the DSN's function from the establishment of conventional fatwas towards a more dynamic and inclusive approach, including in the field of sharia finance, halal products, and other social problems. This transformation reflects DSN-MUI's efforts to remain relevant and provide accurate and applicable guidance for Muslims in Indonesia in facing modern issues.

Implementation of Sharia Principles in Micro Waqf Bank Financing Products at Minhadlul'ulum Islamic Boarding School (Based on the National Sharia Board Fatwa of the Indonesian Ulema Council Number 19 of 2001)

This study was to determine the practice of financing products at the Micro Waqf Bank of the Minhadlul ’Ulum Islamic Boarding School and to determine the suitability of Sharia applied at the Micro Waqf Bank of the Minhadlul ’Ulum Islamic Boarding School. This research uses a qualitative method by conducting research directly in the field through an empirical normative approach. Sources of research data were primary and secondary data. This is descriptive research with data collection techniques such as observation, interviews, and documentation. The results showed that the financing product at the Micro Waqf Bank of the Minhadlul’Ulum Islamic Boarding School, namely the Qardh contract, is by Sharia principles and is by the provisions of DSN-MUI Fatwa No.19/DSN-MUI/IV/2001 concerning qardh. This conformity is due to the financing of the Qardh contract with a profit-sharing margin fee equivalent to 3% per year as a consulting service. The cost of consulting services for operational costs, namely transportation to KUMPI, because the system is the party from the Micro Waqf Bank who comes directly to the customers to pay the loan installments. Keywords: Sharia principles, financing products, Micro Waqf Bank, Fatwa DSN-MUI

Analisis Kesesuaian Praktek Pembiayaan Musyarakah KSPPS BMT Al-FATH Menurut Fatwa No. 08/DSN-MUI/IV/2000

This research aims to determine the level of conformity in the Implementation of Musyarakah Financing at BMT AL-FATH with the Decree of the National Sharia Board of the Indonesian Ulema Council (DSN-MUI) No. 08/DSN-MUI/IV/2000 and to identify the juridical implications for BMT if it is proven to violate the Decree of the National Sharia Board of the Indonesian Ulema Council (DSN-MUI) No. 08/DSN-MUI/IV/2000 in its implementation. This study employs a qualitative descriptive method applied through formative evaluation research. It utilizes primary data sources through interviews, observations, documentation, and their combination, as well as secondary data obtained from books, journal articles, government publications, company documentation records, websites, laws, and fatwas. Data analysis involves data reduction, data presentation, and drawing conclusions. The research results indicate that BMT Al-Fath has successfully implemented the musyarakah contract in accordance with the Fatwa of the National Sharia Board of the Indonesian Ulema Council No. 08/DSN-MUI/IV/2000, comprising 22 provisions outlined in the fatwa, and has not been negatively affected by the legal provisions contained in Law No. 21 of 2008, Article 58, concerning Islamic banking.

Analysis Concept of Independence of the Sharia Supervisory Board in the Sharia Banking

The Sharia Supervisory Board is obliged to direct, review, and supervise the activities of financial institutions so that it can be believed that they comply with Islamic sharia rules and principles, the fatwa of the Sharia Supervisory Board rules binding the Islamic financial institutions. The Shari'ah Supervisory Board has a heavy and strategic task so it takes a high professional to live it. The objectives of this research are: To find out the role of the Sharia Supervisory Board in supervising and handling the issue of Compliance with Islamic principles in Islamic Banking; To find out the obstacles faced by the Sharia Supervisory Board in upholding sharia economic principles in Sharia Banking; and to find out the steps shown by the Sharia Supervisory Board in upholding the principle of Independence in Sharia Banking. This research uses a conceptual approach that explains the concept of the independence of the Sharia Supervisory Board in carrying out sharia supervision activities in sharia banking. The result of this research is that Supervision in Sharia Banking is carried out to ensure the suitability of all bank operations with sharia principles and rules, namely by issuing fatwas, rules, and directives in fiqh issues which are used as guidelines for management in operating Islamic banks. With regard to independence, members of the Sharia Supervisory Board must not be part of the employees of the Islamic bank. Although he was appointed by the General Meeting of Shareholders, however, the matter of approval must come from the National Sharia Board. The Shari'ah Supervisory Board also has a work system and certain tasks as do other oversight bodies. The absence of influence from directors, commissioners and employees in Sharia Banking is able to shake the decision of the Sharia Supervisory Board in assessing fund distribution and internal audit activities in the Sharia compliance report in Sharia Banking.

Analysis of Fatwas by the National Sharia Board-Indonesian Council of Ulama on the Stock Market

This research aims to analyze the fatwas issued by the National Sharia Board-Indonesian Council of Ulama (Dewan Syariah Nasional Majelis Ulama Indonesia, abbreviated DSN-MUI in Bahasa Indonesia) concerning activities in the stock market. This study focused on the characteristics and general development of these fatwas. This study adopts a normative approach to examine whether the DSN-MUI fatwas related to the stock market. The data utilized in this study are of a secondary nature, encompassing fatwa information issued by the DSN-MUI. These data were further analyzed using a descriptive-qualitative approach and content analysis, particularly pertaining to fatwas. The results of this research indicate that the fatwas issued by the DSN-MUI serves varying purposes across different periods. These fatwas sometimes emerge as responses to questions about business matters or as reactions to recent developments in stock market products. Another finding of this study is that the fatwas issued by the DSN-MUI followed a specific pattern in its structure, starting with verses from the Quran and Hadith of the Prophet, followed by Fiqh principles, opinions of classical and contemporary scholars, and concluding with the National Sharia Board's stance on the specific topic. The development of these fatwas reflects the gradual (tadarruj) principle within Islamic jurisprudence regarding legal action.

The Role of The Sharia Supervisory Board In Sharia Banking In Indonesia

One of the characteristics that distinguishes Islamic Commercial Banks from conventional banks is the existence of a sharia supervisory board (DPS) at an independent Islamic bank and located parallel to the board of commissioners. DPS, has an important and strategic role in the implementation of sharia in Islamic Banks. DPS is responsible for ensuring that all products and procedures of Islamic Banks comply with sharia principles. This research is entirely a literature review. The purpose of this research is to find out about the role of DPS in Islamic banking. The analytical method used is content analysis method. The results of this study indicate that the DPS is an independent body consisting of muamalah sharia experts who also have knowledge in banking in Islamic financial institutions and are tasked with overseeing the implementation of the decisions of the national sharia board at these sharia financial institutions. DPS has an important and strategic role in the application of sharia principles in sharia banking. DPS is responsible for ensuring that all sharia bank products and procedures comply with sharia principles.

Penerapan Akad Murabahah pada Produk Pembiayaan KPR (Studi Kasus Bank BTN Syariah Kcps Pekalongan)

Home is a basic human need. Islamic banking has the option to provide Home Ownership Loans (KPR), namely sharia mortgages from Islamic banks known as Home Ownership Financing (PPR). This study discusses the application of murabahah contracts in mortgage financing at Bank BTN Syariah KCPS Pekalongan. Bank BTN Syariah is a conventional Bank BTN-based business unit that has implemented a murabahah contract in mortgage financing. This study aims to determine the application of the murabahah contract in mortgage financing at Bank BTN Syariah KCPS Pekalongan. This study uses a type of qualitative research in the form of descriptive. The data used are primary data and secondary data. The data in this study were obtained from observations, interviews and documentation. The analysis technique used is an interactive model with the following stages: data reduction, data display and drawing conclusions. The results of this study indicate that the murabahah contract has been implemented properly because the elements of the murabahah contract are in accordance with the fatwa of the national sharia board. Empirically, the implications of the results of this study are expected to be input for Bank BTN Syariah Kcps Pekalongan as consideration for encouraging more sharia mortgage products while making it easier for customers to take sharia mortgages. Another implication of the results of this research is theoretically expected to be able to contribute ideas in the development and improvement of science.

Perbandingan Implementasi Prinsip Good Corporate Governance pada Bank Konvensional dan Bank Syariah

In principle, the relationship between the bank and its customers are saving money in the bank based on the relationship of trust, so that each bank is required to have to continue to maintain the level of health. Solutions that can be taken by the banks, both conventional banks and Islamic banks, to maintain the existence and level of health is with the implementation of the principles of good corporate governance. Therefore, it is interesting to examine the comparison of implementation of the principles of good corporate govenance in conventional banks and Islamic banks. The method used in this study is a normative legal research. This research use approach legislation. The results showed that in essence, the implementation of the principles of good corporate governance in conventional banks and Islamic banks are the ‘same’, because it refers to the “Code of Good Corporate Govenance Indonesian Banking” issued by the National Committee on Governance (NGG). The fundamental difference lies in Islamic principles used by Islamic bans. In addition to guided and supervised by the Financial Services Authority as conventional banks, Islamic banks are also supervised by the National Sharia Board MUI and Sharia Supervisory Board who served in each Islamic bank.
 Keywords: The Principles of Good Corporate Governance

JUAL BELI SUKUK DI BURSA EFEK INDONESIA SURABAYA

Sukuk was an investment instrument that provides opportunities for Muslim and non-Muslim investors to invest in Indonesia.It could be used to build the nation's economy and create society welfare. The facts showed that the market would be very responsive to the sukuk issuance. Almost all sukuk was issued, was absorbed by the market, even in some cases caused excess demand.
 The sale and purchase of sukuk on the Indonesia Stock Exchange was carried out in four processes, from the account opening and order submissionstage, the order processing stage, the transaction stage, and the clearing, guarantee and transaction settlement stages.They applied to all types of securities traded on the Indonesia Stock Exchange. The difference lies only in the specifications of transactions such as fractions and price limits, which are carried out by educating the public about the process. While the form of transactions was carried out at securities trading places based on precautionary principles and sharia principles which refered to the fatwa of the National Sharia Board - Indonesian Ulema Council (DSN-MUI) and the Financial Services Authority (POJK) as the institution that oversees and regulates the process of the Sukuk transaction mechanism on the Indonesia Stock Exchange in Surabaya.

The Relationship of Culture and Islam in Fatwa National Sharia Board of Indonesian Ulama Assembly No: 107/Dsn-Muj/X/2016 Concerning Guidelines for Operating Hospital Based on Sharia Principles

The purpose of this study was to examine the relationship between culture and Islam in the fatwa of the National Sharia Council-Indonesian Ulema Council No: 107/dsn-muj/x/2016 concerning Guidelines for operating hospitals based on sharia principles. This is important to do because the harmony between culture and standardization of quality indicators of sharia hospital services will make sharia hospitals easily accepted in the community.The design of this research is Literature Review or literature review. Literature research is research conducted using literature (library), either in the form of books, notes, or reports on the results of previous research. The results of the research are almost entirely from the fatwa of the National Sharia Council-Indonesian Ulema Council No: 107/dsn-muj/x/2016 concerning Guidelines for operating hospitals based on sharia principles are closely related or in line with eastern Indonesian culture which upholds the culture of shame, the culture of helping , a culture of advising each other and a culture of clean living.

Indonesian Islamic Banking Fintech Model Strategy: ANP Method

This study aims to analyze the problems, solutions, and strategies of making a fintech model in Indonesian Islamic banking. This study uses non-parametric non-Bayesian qualitative methods for decision-making with a general framework without making assumptions with the Analytical Networking Process (ANP) approach. The researcher selected 11 informants consisting of 2 fintech practitioners, 3 Islamic banking practitioners, one industry 4.0 academic and Islamic sharia banking, one person from the Financial Services Authority, two people from the National Sharia Board, and one from Bank Indonesia. And one person from KNEKS. This study indicates that the problems and solutions for developing the fintech model in Indonesian Islamic banking are divided into internal and external aspects. The main priority of the problem is internal problems, namely the lack of Islamic banking Human Resources who understand IT and Islamic finance. The priority solution is an internal priority, namely a Reliable IT System. The primary importance of the development strategy for forming a fintech model for Islamic banking in Indonesia is the synergy of Islamic banks and Fintech to develop a fintech model for Islamic banks. The theoretical contribution and the results of this study are a novelty in the strategy of Islamic banks in implementing and developing Fintech in Islamic banking. Practical Implication, The managerial implications for Islamic banking practitioners in Indonesia are more focused on procuring a reliable IT system and improving the Human Resources of Islamic banks in mastering IT and Islamic finance.

Implementation Sharia Principles and Development of National Law In Sharia Share Trading In Indonesian Capital Market

In the capital market sector in Indonesia, especially with regard to stock trading in the capital market, sharia principles have begun to be applied properly. This is indicated by the existence of facilities (Sharia Online Trading System (SOTS) as well as brokers or securities companies that facilitate trading of shares in sharia, in addition to that added by the number of issuers listing sharia shares. Besides that, it is also supported more by the regulations issued by the national sharia board of the Indonesian Ulema Council and <em>Otoritas Jasa Keuangan</em> related to share trading in sharia. Finance as the institution tasked with overseeing the capital market. The National Sharia Council of <em>MUI</em>, issued regulations regarding sharia shares, among others, the Fatwa of the National Sharia Council No: 40/DSN-MUI/X/2003 concerning the Capital Market and General Guidelines for the Implementation of Sharia Principles in the Capital Market Sector; Fatwa of the National Sharia Council No: 80/DSN-MUI/III/2011 concerning the Implementation of Sharia Principles in the Mechanism of Trading in Equity Securities in the Regular Market of the Stock Exchange; while regarding sharia shares, <em>Otoritas Jasa Keuangan</em> issued the following regulations. <em>Otoritas Jasa Keuangan</em> Regulation No. 17/POJK.04/2015 concerning Issuance and Requirements for Sharia Securities in the Form of Shares by Sharia Issuers or Sharia Public Companies; <em>Otoritas Jasa Keuangan</em> Regulation No. 53 /POJK.04/2015 concerning Contracts Used in Issuing Sharia Securities in the Capital Market; <em>Otoritas Jasa Keuangan</em> Regulation No. 15/POJK.04/2015 Regarding the Implementation of Sharia Principles in the Capital Market

Issues in Islamic Derivatives and Proposals for Reforms in the OTC Market in Indonesia

This paper aims to propose reforms to develop the Islamic derivatives transactions in Indonesia’s over-the-counter (OTC) market. It is argued that the use of derivatives instruments is considered non-sharia compliant by the National Sharia Board (NSB) of the Indonesian Council of Ulama. However, other Ulamas had adopted a different approach in discussing the issues of derivatives contracts. Standard doctrinal and comparative approaches are employed in this discursive qualitative analysis using an extensive review of the literature from primary and secondary sources to collect the data on Islamic derivatives in the OTC market. This research concludes with two proposals for Islamic derivatives in the OTC market in Indonesia; first, the use of musawamah (sale without revealing the cost) in the swap, al-khiyar (the right to make choice) in option, ju’alah (commission) in future contracts, and wa’ad (a promise) in option can further boost the investors in the OTC market. Second, the Islamic scholars should be softening towards the decision of using derivatives instruments in Indonesia. Such as in the case of the forward agreements, which should be exempted from non-sharia compliance, provided they are used solely for reducing risk due to necessity in al-tahawuth lil hajah al-massah (sharia-compliant genuine hedging needs).

Increasing Literature And Sharia Financial Management Through The One BMT Housing Area Program In Banguntapan District Bantul In Yogyakarta

The target of this PKM program is economically productive communities, namely people in housing in Banguntapan sub-district who have just established BMT covering aspects of marketing/socialization and management and accounting information systems (small businesses). The aim of the program is to develop an economically independent community with high literacy on syar'i transactions. Business partners in this program are BMTs that have just been established with a residential mosque base, namely BMT Sakinah, BMT Al-Anbiya and BMT Al-Huda. The problems faced by the three partners are: 1) Lack of competence and management in managing BMT, 2) Lack of legality, 3) Lack of Islamic financial literacy, so that BMT members still do not understand the function of BMT. As for the method of devotionare general lectures, short courses, tutorials and simulations. Materials that are focused on include the management and members of BMT: 1) Socialization of Transaction Contract applications legalized by the National Sharia Board, 2) Consolidating the understanding and application of Management Information Systems and Accounting Information Systems for BMT, for approximately eight months. The result of this dedicationis special assistance and provides BMT financial system software so that the BMT, BMT Sakinah (Puri Sakinah 2 Housing), BMT Al-Anbiya (Pesona Banguntapan Kotagede Housing) and BMT Al-Huda (Graha Banguntapan Housing) can manage accountably, professional and transparent. This program is expected to be able to facilitate the development of partner businesses so that they are able to provide a multiplier effect for housing-based BMTs and other newly established mosques.

The Implementation Of the Contract Financing Sharia Card PT. Bank Danamon of the Lawof h is Reviewed From the Perspective of Fiqh Muamalah

Abstract Research this aims to know the implementation of the contract financing sharia card on PT. Bank Danamon Syariah if viewed from the perspective of fiqh muamalah. The research is concluded that: 1) Dirham Card launched by referring to the National Sharia Board fatwa Majelis Ulama Indonesia (DSN-MUI) No. 54/DSN-MUI/IX/2006 and a Letter Circular of Bank Indonesia No. 9/183/DPbS/2007 on the approval of Danamon Syariah Card. 2) in the implementation Dirham card using akad Ijarah, so that the holder of the card charged membership fees (the cost of membership); akad Kafalah, cause the issuer of the card can receive a fee (ujrah kafalah); and the contract of Qard, cause the holder of the card is obliged to return by the amount of funds withdrawn in time. 3), some of the provisions about the fee that is required for prospective holder Dirham card, namely the determination of the amounts of the fines and the presence of kvisions and btops (Dhawabith wa hudud). 4), there are some provisions fikih muamalah are not yet clear on the application Dirham Card, namely: (a) the presence of inconsistency in the use of the term on the fatwa of Islamic Card, the term that is used is the contract of Qard but on the provisions of the merchant fee , there are ujrah billing or tahsil al-dayn, on one side using the term Qard, while here. other uses of the term dayn; (b) card credit sharia there is no system of control which can make sure whether the holder of the card using the card 's credit to spend your items are halal course or vice versa; (c) card credit sharia ideally should be able to ensure users do not Israaf (consumptive/excessive), while in the side of another card credit tend to make the holder to be consumptive. In case this is clearly contrary to the principles of shariah; (d) the presence of charge i.e. late charge/fine and there ta'wid (replace loss) which is caused because of a delay in payment. It is certainly going to bring up the question of whether differences in the underlying fine in Sharia Card and Card Credit Conventional.

PENERAPAN BIAYA ADMINISTRASI PEMBIAYAAN DI KSPPS BAITUL TAMWIL MUHAMMADIYAH MULIA DALAM PERSPEKTIF HUKUM ISLAM

Baitul Mal wat-Tamwil (BMT) is a cooperative-shaped institution. BMT in conducting financial management with the principle of the share of the outcome, buying and selling, and saving money (Wadi ‘ah). BMT in realizing financing, also apply the administrative cost of financing as a pre-requisite to be paid by the financing members. BMT as a financial institution that emerged from the implications of state recognition of Islamic laws in its operation must be strictly based on the Quran and Al-Hadist. In this research, there will be a survey on the implementation of financing administration costs in the Baitul Tamwil Muhammadiyah Mulia in Babat Lamongan in the perspective of Islamic law. The data in this study is the primary data obtained from the BMT and secondary data in the form of books that support the research. The data collection methods are observations, interviews and documentation. The results showed the Baitul Tamwil Muhammadiyah Mulia Babat Lamongan set the administrative fee based on a percentage of the nominal ceiling financing so that it will cause a different increase and expense for the nominal financing of different. This shows the Baitul Tamwil Mulia Muhammadiyah Babat Lamongan took advantage of financing administration management. This is not in accordance with the sharia based on Al-Quran and Al-Hadith which is interpreted in the Fatwa of the National Sharia Council of the Indonesian Ulema assembly No: 11/DSN-MUI/IV/2000 about the Kafalah and Fatwa of the National Sharia Board (DSN) of the Indonesian Ulama Council (MUI) NO. 44/DSN-MUI/VIII/2004 about multi-service Ijarah financing.Key Words : KSPPS, Biaya Administrasi Pembiayaan, Hukum Islam