National Sharia Council Research Articles

Implementasi Fatwa DSN-MUI Tentang Murabahah pada Pembiayaan Dana Kredit Usaha Rakyat (KUR) di Bank BRI Syariah KCP Parung-Bogor

This research aims to determine the procedures for financing KUR funds and determine the implementation of the DSN-MUI Fatwa regarding Murābaḥah in financing KUR funds and legal issues regarding its implementation at Bank BRI Syariah KCP Parung-Bogor. This research uses qualitative research. The data that supports this study comes from primary sources in the form of interviews with respondents and secondary material using a juridical-empirical approach. Based on the research that has been conducted, it can be concluded that sharia-based banking has been able to implement and realize its existence as a sharia financial institution (LKS) which adheres firmly to Islamic sharia law, especially in the practice of muamalah which has been determined by the Indonesian Ulema Council through its institution, namely the National Sharia Council

TINJAUAN HUKUM EKONOMI SYARIAH TERHADAP MEKANISME PELAKSANAAN RAHN PADA PT PEGADAIAN SYARIAH MEUREUDU PIDIE JAYA

Sharia pawnshops are financial institutions whose operations adhere to the principles of sharia economic law, which aims to help government programs improve the welfare of the people, especially the lower middle class by providing the best financial solutions through the distribution of micro, small and medium scale loans on the basis of pawn law. In fact, products in sharia pawnshops have the character of not charging interest in various forms due to usury. However, recently pawnshops have also faced problems, including the public's perception that Sharia Pawnshops are the same as Conventional Pawnshops in their operations. Therefore, the aim of this research is to determine the mechanism for implementing and reviewing sharia economic law regarding the implementation of rahn at PT Pegadaian Syariah Unit Meureudu Pidie Jaya. In collecting data the author used observation and interview methods, the data analysis used used descriptive methods and the writing method used deductive methods. The results of this research show that the mechanism for implementing rahn at PT Pegadaian Syariah Unit Meureudu is generally in accordance with sharia economic law because it is in line with the rules set by the National Sharia Council in Fatwa No.25/DSN-MUI/III/2002 concerning rahn, and several other sources. However, there are several things that must be improved regarding transparency regarding objects that can be used as collateral, so that there is no longer a negative image of society towards sharia pawnshops.

Study of the Differentiation of Conventional Credit Card and Sharia Card Products in Sharia Banks

The development of sharia banking in Indonesia has experienced quite significant growth. It is based on the innovation of the credit card product issued by Sharia banking, namely the Syariah Card. This research aims to explain the differences between conventional credit card products and sharia cards regarding mechanism and product use. This research uses a qualitative method with a descriptive approach. The research results found that the differences between conventional credit card products and Sharia cards are in the transaction agreement scheme used, interest and the use of fees (juror) on Sharia cards. The existence of Sharia cards refers to the fatwa of the National Sharia Council of the Indonesian Ulema Council regarding the permissibility of Sharia credit cards No.54/DSN-MUI/X/2006 concerning Sharia Cards. The difference between Sharia cards and conventional credit cards is that Sharia cards are not allowed to charge interest but only remuneration (juror) or fees from each transaction. Conventional credit cards use interest-based because they assume the "time value of money" is money. It is just a medium of exchange that turns into a commodity that can reproduce only because of the opportunity factor of time, without the role of humans who work on it. Sharia banking needs to use this as a reference in making products for the public.

Analisis Perlakuan Dana Non Halal sebagai Dana Kebajikan dan Reputasi Pada Lembaga Keuangan Syariah

This study aims to analyze the implementation of the treatment of non-halal funds including aspects of legal rules as a benevolent fund and see its correlation to the reputation of Islamic financial institutions. This research uses the library research method with data collection techniques through searching library references, in the form of books, journals and other scientific publications. Data analysis is carried out in depth on the meaning contained in each concept and paradigm both from verses in the Qur'an, Hadith, and the opinions of the figures. The results of this study explain that non-halal funds are a segment that requires in-depth study, because at first it did not have a legal basis in its management, only limited to the presentation and recording of the accounting side. The role of the ulama through the National Sharia Council of the Indonesian Ulema Council (DSN-MUI) which issued fatwa Number 123 of 2018 is the basis for the treatment and legal status of non-halal funds. In addition, non-halal funds have an indirect effect on the reputation of Islamic financial institutions, meaning that the higher the receipt of non-halal funds, the worse the reputation of the institution.

Review on Shariah Supervisory Board Studies using Bibliometrix

The rapid development of the Indonesian economy is influenced by the emergence of both sharia and non-sharia financial institutions. In Islamic banking, so that all parties' interests can be met properly, the management and supervision structure will involve four parties, namely: shareholders (board of commissioners), bank management, Sharia Supervisory Board (DPS) and/or National Sharia Council (DSN), and depositors. In an effort to purify the services of Islamic financial institutions to be truly in line with the provisions of Islamic sharia, the existence of a Sharia Supervisory Board (DPS) is absolutely necessary. DPS is a key institution that ensures that the operational activities of Islamic financial institutions are in accordance with sharia principles. This study aims to determine the development map and trend of Shariah Supervisory Board published by reputable journals in the field of Economics and Islamic finance. The data analyzed were more than 114 publications of research publications indexed by Scopus. The export data was then processed and analyzed using the R Biblioshiny application program to determine the bibliometric map of the development of the Shariah Supervisory Board.

Axiological Harmonization of Sharia Economic Law Supremacy and DSN-MUI Fatwa in Indonesia

This study aims to upgrade the position of the Compilation of Sharia Economic Law (KHES) and Fatwa DSN-MUI to become a law. This is because it is very urgent to immediately publish the draft to be ratified. Because KHES and DSN-MUI Fatwa are special rules that regulate the operational system and dispute resolution of Islamic economics, apparently its position is very strategic in the scope of Islamic economics. In addition to the urgency of the position of KHES and Fatwa of the National Sharia Council, it also contains weaknesses in the existence of National law. This is because its existence is not a source of law that has the legality of national law. As Law No. 12 of 2011 concerning the Formation of Legislation, does not mention fatwa as part of the legal basis in this country, Fatwa is just an opinion or advice conveyed by Islamic law experts who are members of an organization. The Fatwa of the National Sharia Council contributed to the birth of the Compilation of Sharia Economic Law. This is certainly a breakthrough related to the legality of sharia economic law. However, the existence of KHES is a reference for Religious Court Judges as a settlement of disputes, but KHES is not in the form of a law, in fact it is only a PERMA, and this certainly affects the legal force of national legislation. Therefore, to harmonize and formulate the National Sharia Council Fatwa into KHES and raise the status of KHES to become a law is important.

PENERAPAN PRINSIP-PRINSIP ASURANSI SYARIAH DI INDONESIA DALAM PERSPEKTIF Al-QURAN DAN SUNNAH

This study discusses the application of sharia insurance principles in Indonesia from the perspective of the Qur’an and Sunnah. Problems with conventional insurance, which in recent years have affected public trust, have recently begun to cause an increase in insurance. Starting from acts of corruption to conditions where insurance companies fail to pay customers, they create a negative image of the insurance climate in Indonesia. The negative image not only affects the image of conventional insurance but also affects the sharia insurance business. In addition, until now, there have been still differences among the public regarding Islamic law regarding sharia insurance, even though there are already rules and fatwas from the National Sharia Council of the Indonesian Ulema Council under number 21/DSN-MUI/IV/2001. This research is descriptive qualitative research using data collection techniques through interviews, observation, and documentation. And the data were analyzed through Miles and Huberman's qualitative data analysis techniques. This study found that there are three principles applied in Islamic insurance policy in Indonesia: al-khidmah (service), at-taawun (help), and al-amn (security). These three principles have not been implemented optimally due to the massive socialization of these policies to the public, weaknesses in human resources (HR), and technology that is not yet very good

Legal Reconstruction of the Sharia Banking Act Standard Regulation Based on the Values of Justice

This research aims to analyze and discover the weaknesses of the regulations for making Sharia banking deeds that do not yet have certainty value and how to reconstruct the standards for making Sharia banking deeds, the authenticity and legal force of notarial deeds used in Sharia banking practices based on the value of certainty in a normative legal research which examines legal norms in regulations that examine the research object. The data used in this research is secondary data, namely primary legal material in the form of laws and regulations governing criminal sanctions. Secondary legal materials in the form of scientific literature and previous research discussing criminal sanctions and tertiary legal materials in the form of legal dictionaries. Based on the results of data analysis, it is concluded that there are two weaknesses in the regulations for making Sharia Deeds in this case: a. The Sharia notarial deed agreement does not conform to the format according to Article 38 UUJN, especially the placement of the word "Bismillahhirrahmanirrohim" and the word "Alhamdulillah". b. The inconsistency of the Sharia notarial deed agreement in its substance is that there is a clause for immediate collection of all Murabahah debts and delivery/disposal of goods and this is clearly contrary to the Fatwa of the National Sharia Council number 04/DSN-MUI/IV/2000 concerning Murabahah therefore, it is necessary to reconstruct Article 38 paragraph (3) UUJN concerning deed bodies.

The Mechanism of Avoiding Riba in Islamic Financial Institutions: Experiences of Indonesia and Malaysia

The issue of discrepancy between business goals and sharia principles related to debt raises a problem. Financial institutions seek profit, but lending and borrowing money (qardh) in Islam is not for profit. This has the potential to generate usury (riba), and must be avoided by Islamic Financial Services (IFS). This article examines several Islamic legal opinions (fatwa) from the Indonesian National Sharia Council and the Malaysian Sharia Authority Council utilizing a normative and descriptive legal study approach, in conjunction with the science of Islamic jurisprudence (ushul fiqh). The results of the study outline that Islamic financial institutions must create products to avoid riba practices on unlawful debts. Two models for the creation of anticipatory riba were found by tracing and testing Islamic financial products using a credit schemes (qardh), namely entering into a service contract (ijarah) and conducting several transactions (bay' al-'inah) for one object. This product highlights the repetition of an old practice long-debated in classical fiqh because it is prohibited in a hadith of the Prophet Muhammad. This finding has implications for Sharia compliance as long as Sharia financial products do not shift to profit-sharing or buying and selling-based financial products.

Analisis Risiko Nilai Tukar Mata Uang Asing Dengan Menggunakan Metode Value at Risk (VAR) Pada Bank Muamalat Indonesia

This study aims to measure the maximum potential loss or VaR value for each type of Foreign Exchange based on the calculation results for 1 day, 5 days, and 20 days at Bank Muamalat Indonesia and determine the implementation of risk management applied by Bank Muamalat Indonesia to deal with foreign exchange risk. The research method in measuring Value at Risk of foreign exchange rates uses quantitative methods. The type of data that the author uses in this study is secondary time series data on foreign exchange rates of USD, JPY, EUR, and SAR at Bank Muamalat Indonesia. during the time period 2 January 2018 to 31 December 2018. Data analysis techniques in the study were carried out in several stages, namely calculating exchange rate returns, volatility and daily value at risk. The results showed that the maximum exchange rate risk borne in 1 day, 5 days and 20 days with a 95% confidence level. The implementation of underlying in foreign exchange transactions at Bank Muamalat Indonesia refers to the National Sharia Council regulation No.96 / DSN-MUI / IV / 2015 concerning Sharia Hedging Transactions (Al-Tahawwuth Al-Islami / Islamic Hedging) on Exchange Rates. Bank Muamalat has conducted hedging cooperation with PT Kharisma Pemasaran Bersama Nusantara (KPBN) or Indonesia Commodity (Inacom) on 05 December 2019 as a form of Foreign Exchange Rate risk management.

Perlindungan Konsumen Produk Skincare Pada Penjualan Secara Online

Skincare is a skin care product that is popular among the majority of female consumers. One way to obtain skincare products is through online purchases, which, despite its advantages, also has disadvantages such as not meeting expectations (cheap prices but containing harmful substances) and being prone to fraud. The aim of this research is to understand the regulations regarding online buying and selling and consumer protection for skincare products using the online buying and selling system, particularly in terms of negative impacts on consumer health. This research is a doctrinal study that utilizes primary, secondary, and tertiary legal sources. The results of this research are as follows: Firstly, the online buying and selling of skincare products through marketplaces, as stipulated in Articles 1457 and 1458 of the Civil Code, utilize electronic contracts that include the identification of the parties involved, object and specifications, requirements for electronic transactions, pricing and costs, cancellation procedures, rights of aggrieved parties, and dispute resolution. Online buying and selling is recognized as a legitimate and accountable electronic transaction based on Government Regulation Number 71 of 2019 on the Implementation of Electronic Systems and Transactions. Online buying and selling is also regulated by the fatwa of the National Sharia Council of the Indonesian Ulema Council, No. 05/DSN-MUI/IV/2000, which provides provisions regarding payment, goods, parallel salam, goods delivery, cancellation, and disputes. Secondly, consumers of skincare products through online buying and selling are protected by the state both preventively through legislation (Consumer Protection Law No. 8 of 1999, Health Law No. 36 of 2009, Law No. 19 of 2016 on Amendments to Law No. 11 of 2008 on Electronic Information and Transactions, Civil Code, and Criminal Code) and repressively (compensation by businesses; non-litigation through the Consumer Dispute Settlement Board (BPSK); litigation through the courts).Skincare is a skin care product that is popular among the majority of female consumers. One way to obtain skincare products is through online purchases, which, despite its advantages, also has disadvantages such as not meeting expectations (cheap prices but containing harmful substances) and being prone to fraud. The aim of this research is to understand the regulations regarding online buying and selling and consumer protection for skincare products using the online buying and selling system, particularly in terms of negative impacts on consumer health. This research is a doctrinal study that utilizes primary, secondary, and tertiary legal sources. The results of this research are as follows: Firstly, the online buying and selling of skincare products through marketplaces, as stipulated in Articles 1457 and 1458 of the Civil Code, utilize electronic contracts that include the identification of the parties involved, object and specifications, requirements for electronic transactions, pricing and costs, cancellation procedures, rights of aggrieved parties, and dispute resolution. Online buying and selling is recognized as a legitimate and accountable electronic transaction based on Government Regulation Number 71 of 2019 on the Implementation of Electronic Systems and Transactions. Online buying and selling is also regulated by the fatwa of the National Sharia Council of the Indonesian Ulema Council, No. 05/DSN-MUI/IV/2000, which provides provisions regarding payment, goods, parallel salam, goods delivery, cancellation, and disputes. Secondly, consumers of skincare products through online buying and selling are protected by the state both preventively through legislation (Consumer Protection Law No. 8 of 1999, Health Law No. 36 of 2009, Law No. 19 of 2016 on Amendments to Law No. 11 of 2008 on Electronic Information and Transactions, Civil Code, and Criminal Code) and repressively (compensation by businesses; non-litigation through the Consumer Dispute Settlement Board (BPSK); litigation through the courts).

Positivization of Fatwas of the National Sharia Council of the Indonesian Ulema Council in the Sharia Banking Law: Problems and Challenges

The positivization of DSN MUI's fatwa within Sharia Banking Law ensures compliance with sharia principles. This study examines how DSN MUI incorporates its fatwas into the law and the associated strategies. Using a descriptive qualitative approach with historical, normative, and philosophical methods, primary data include UUPS and MUI fatwas from 2000/2007, while secondary data encompass statutory theory and supportive materials. Findings reveal a methodical and democratic positivization process. Law No. 7 of 1992 marked the onset of Islamic banking via profit-sharing financing. Law No. 10 of 1998 introduced dual banking, while GBHN 1999 and the 1945 Constitutional Amendment further empowered the DPR. DSN MUI was established by MUI to implement Islamic economics. Up to 2007, DSN MUI issued 64 fatwas, formerly non-binding but now legally binding through legislative integration. Although MUI holds a central role in establishing sharia principles, its position remains extrinsic to institutional structures. UUPS designates MUI as a sharia authority (Article 26) and a mass organization simultaneously. DSN MUI plays a pivotal role in supervising sharia compliance in banking products. UUPS absorbs DSN MUI's fatwas, evident in clause alignment with the fatwas. Articles 26 and 32 delineate MUI's role in overseeing sharia compliance. In summary, positivization of DSN MUI's fatwa in Sharia Banking Law implements Islamic law in Indonesia by melding DSN MUI's supervision and determination of sharia principles in banking.

Legal Conformity Between Rahn Tasjily And Fiduciary Guarantee And Obstacles To Implementation In Indonesia

The focus of this research is to provide solutions for the problem in the implementation of fiduciary guarantees and Rahn Tasjily. Rahn Tasjily is collateral in the form of goods for debts, with the agreement that only legal proof of ownership will be handed over to the recipient of the guarantee (murtahin), while the physical collateral (marhun) remains in the control and use of the guaranteed provider (rahin). This research aims to achieve two objectives: first, to examine the suitability of the fiduciary guarantee with rahn tasjily and second, to analyze the appropriate formulation to ensure the legal conformity of the fiduciary guarantee with rahn tasjily and its implementation in an engagement/transaction in accordance with sharia principles. This is normative legal research with a statutory and conceptual approach. The study concludes that: (1) Rahn Tasjily as regulated in the fatwa of the National Sharia Council of the Indonesian Ulema Council Number 68/DSN-MUI/III/2008 shares similarities or conformity with the provisions of Fiduciary Guarantee (Law No. 42 of 1999 concerning Fudiciary Guarentee). This conformity refers to the conformity between the object/collateral and the proof of ownership, instead of the form of the object. Both are also referred to as an accesoire agreement; (2) In order to ensure the legal conformity between the fiduciary guarantee and rahn tasjily and its implementation as a material guarantee in sharia financing without doubt, the legislators need to make changes to Law Number 42 of 1999 as a way to provide clear arrangements regarding the main engagements to be burdened with fiduciary guarantees, which include: conventional or sharia-based debt or financing agreements.

Islamic Bank: Fatwa Perspective from The National Sharia Council of The Indonesian Ulama Council on Resolving Financing Problems

Financing in Islamic banks has a level of risk that the possibility of default occurs, so it is necessary to analyze the correct financing by bank staff so as not to cause losses and require handling that is fast, precise and in accordance with sharia provisions. This study aims to determine the efforts to resolve problematic financing, the factors causing problematic financing and the suitability of the Fatwa of the National Sharia Council-Indonesian Ulema Council with existing financing at PT.BPRS Amanah Ummah. Qualitative-descriptive method by collecting data through interviews and documentations. During 2022, the percentage of non-performing financing at PT.BPRS Amanah Ummah Bogor Branch is 0% lower than the maximum percentage limit for non-performing financing determined Bank Indonesia of 5%, the performance of PT.BPRS Amanah Ummah Bogor Branch in 2020 -2022 is categorized as very healthy. Efforts made by PT.BPRS Amanah Ummah in dealing with problematic financing, namely taking an intensive approach to financing customers, providing customer summons, rescheduling and selling joint guarantees. Factors causing problematic financing consist of bank internal factors and bank external factors. Settlement of non-performing financing at PT.BPRS Amanah Ummah with the DSN-MUI Fatwa is in accordance with the review of the DSN-MUI Fatwa No.48/DSN-MUI/II/2005 concerning rescheduling murabahah bills and DSN-MUI Fatwa No.47/DSN-MUI /II/2005 concerning the settlement of murabahah receivables for customers unable to pay.

Criticism of Sharia Supervisory Board Position at Islamic Financial Institution: Evidence from Indonesia

This research aims to analyze and critic the role of Sharia Supervisory Board (SSB) at Islamic Financial Institution. This considered iportant because SSB is a core organization of Islamic Financial Institutions (IFIs) to legitimate and maintan all IFIs’ operational activities that have to appropriate through sharia compliance. Nevertheless, the position of SSB in Indonesia is lack of power and independecy while doing its duties, which absolutely this issue does not accordance through fatwa of National Sharia Council regarding to SSB’s position and funcition. This research criticize the position and function of SSB on sharia audit for IFIs. This is a qualitative research with library method approach. Furthermore, this research delineates, that there is such a decentralization position and function of SSB due to lack of power and decentral position of SSB when carry out its duties regarding to supervising IFIs whether are appropriate through sharia compliance or not. Thus, it requires such a training in order to boost independency of SSB when supervise IFIs.

Application of Murabahah Agreement in Griya Takeover Financing (Case Study at BSI Sub Branch Office Kuta)

Griya Takeover Financing is one of the financing companies owned by BSI KCP Kuta to meet customers' financial needs. However, this financing often encounters problems in the takeover process. The aims of this study are: to find out the factors that lead to a murabahah contract in the financing of a takeover griya at BSI KCP Kuta and to find out the process of financing the griya takeover at BSI KCP Kuta. The research method used is a descriptive qualitative method with data collection techniques through observation, interviews, and documentation. The data analysis technique used is the Miles and Huberman model, which includes data collection, data reduction, data presentation, and data verification. data validity technique with the triangulation technique. The results of the study found: 1) There are factors that cause a murabaha contract to occur, namely the presence of the object of the contract; 2) The murabaha contract process by submitting asset documents to the consumer as a sign of consent qabul with the consumer. And financing for takeover houses that are free from usury in accordance with the Fatwa of the National Sharia Council, MUI No.04/DSN-MUI/IV/2000, dated April 1, 2000, conceming murabaha.; 3) The process of financing takeover housing includes BSI having the terms and benefits of financing takeover housing. To attract consumer, as well as with light installments, one of the benefits of takeover financing at BSI is that consumers still feel able to meet other needs.

Penerapan Akad Murabahah Pada Pembiayaan Griya Takeover (Studi Kasus di Bank Syariah Indonesia KCP Kuta)

The aims of this study are, to find out the factors that lead to a murabahah contract in the financing of a takeover griya at BSI KCP Kuta, to find out the murabaahah contract process for financing a takeover house at BSI KCP Kuta and, to find out the process of financing the griya takeover at BSI KCP Kuta. The research method used is a descriptive qualitative method with data collection techniques through observation, interviews, and documentation. The data analysis technique used is the Miles and Huberman model, which includes data collection, data reduction, data presentation, and data verification. data validity technique with the triangulation technique. The results of the study found, there are factors that cause a murabaha contract to occur, namely the presence of the object of the contract. The murabaha contract process by submitting asset documents to the consumer as a sign of consent qabul with the consumer. And financing for takeover houses that are free from usury in accordance with the Fatwa of the National Sharia Council, MUI No.04/DSN-MUI/IV/2000, dated April 1, 2000, conceming murabaha. The process of financing takeover housing includes BSI having the terms and benefits of financing takeover housing. To attract consumer, as well as with light installments, one of the benefits of takeover financing at BSI is that consumers still feel able to meet other needs.
 

Eksekusi Jaminan Pada Pembiayaan Mudharabah Karena Force Majeur Ditinjau Dari Fatwa Dewan Syariah Nasional NO :07 DSN-MUI/IV/2000

BSI Kcp. Gunungtua carries out its business activities based on sharia principles. One of its business activities is mudharabah financing. In the implementation and resolution of mudharabah financing, there are still problems, practice in the field is still far from what is stated by the DSN-MUI fatwa. BSI Kcp. Gunung Tua has not really implemented the DSN-MUI Fatwa in its entirety, so that business actors receive capital financing from BSI Kcp. Gunung Tua is still obliged to return the capital in full, even if the capital manager (mudharib) experiences an accident or event beyond the management's fault (Overmacht). This research aims to determine (1) The concept of customer responsibility in mudharabah financing caused by Force Majeure based on the Fatwa of the National Sharia Council No: 07 DSN-MUI/IV/2000, (2) Implementation of collateral execution in mudharabah financing due to Force Majeure at BSI Kcp.Gunung Tua and (3) Is execution of collateral in mudharabah financing permitted due to force majeure based on National Sharia Council Fatwa No: 07 DSN-MUI /IV/2000. Mudharabah financing is permitted as long as it does not conflict with sharia principles. If a sharia financial institution uses a Mudharabah contract, the sharia financial institution must follow the provisions of the DSN Fatwa. The DSN Fatwa regarding mudharabah financing is DSNMUI Fatwa No.07/DSN-MUI/IV/2000. The research method used is a descriptive method, namely describing the implementation of collateral execution. in mudharabah financing, the primary data source is the manager of BSI Kcp.Gunung Tua, the research technique used is interviews. The results of this research can be concluded that (1) The concept of customer responsibility for mudharabah financing implemented at BSI Kcp. Gunung Tua is that customers must fulfill their obligations to make payments unless it is caused by an unintentional error (Force Majeure), (2) Execution of guarantees in mudharabah financing due to Force Majeure at BSI Kcp. Gunung Tua and (3) Is the execution of guarantees in mudharabah financing permitted due to force majeure based on National Sharia Council Fatwa No: 07 DSN-MUI /IV/2000.

Mekanisme Penerapan Denda Keterlambatan Pembayaran Dalam Akad Murabahah Pada Koperasi Simpan Pinjam Dan Pembiayaan Syariah Baitul Maal Wa Tamwil Nusa Ummat Sejahtera Cabang Tanjungsari

This study aims to determine the mechanism for applying late fines in murabahah contracts at the Baitul Maal wa Tamwil Nusa Ummat Sejahtera Sharia Cooperative, Tanjungsari branch (KSPPS BMT NU Sejahtera, Tanjungsari branch). The method used in this research is a qualitative descriptive approach. To obtain the necessary data using primary data techniques, namely interviews. From this study it can be seen that the mechanism for applying late fines in murabahah contracts at KSPPS BMT NU Sejahtera Tanjungsari branch is not applied to all members who are late in making installment payments, if members experience force majeure then members will not be fined. The mechanism for implementing late fines at KSPPS BMT NU Sejahtera Tanjungsari branch is appropriate because it is in accordance with the Fatwa of the National Sharia Council NO: 17/DSN-MUI/IX/2000 fatwa regarding sanctions for able customers who delay payments.

Analysis of the Murabahah contract financing system on People's Business Credit (KUR) at PT. Bank Syariah Indonesia Kcp. Sukabumi Sudirman

Murabahah financing is a transaction of selling goods by stating the acquisition price and profit (margin) agreed upon by the seller and buyer. Murabahah is a type of buying and selling that is permitted by sharia and is a business interaction or muamalat tijariyah. The legal basis for buying and selling Murabahah is found in the Qur'an, Al-Hadith and Fatwa of the National Sharia Council (DSN-MUI). Public knowledge about KUR financing has not been widely distributed, 7 out of 10 Prospective Customers do not know how the KUR application process is, Prospective Customers do not understand the KUR application procedure, Prospective Customers do not meet the requirements that have been set. This study aims to determine the Murabahah Financing System on People's Business Credit (KUR) and Analyze the feasibility of Murabahah Financing on People's Business Credit (KUR) at PT. Bank Syariah Indonesia Kcp. Sukabumi Sudirman. The method used in this study is qualitative research method with a descriptive approach. This study used primary and secondary data sources through observation, interviews and documentation. Based on the results of the study, it shows that the financing system for Murabahah contracts on People's Business Credit (KUR) uses a Murabahah bil wakalah contract. The system for applying for People's Business Credit (KUR) financing that is implemented at PT. Bank Syariah Indonesia Kcp. Sukabumi Sudirman is in accordance with the Standard Operating Procedures (SOP) set by the Financial Services Authority (OJK) which includes several stages, namely: the stage of submitting financing and verifying documents (Free Screening), the stage of financing analysis, the stage of visits (surveys), the stage of giving decisions (terms for financing approval), the stage of proof of documents and contracts, the stage of financing disbursement and the monitoring stage. In analyzing the feasibility of financing People's Business Credit (KUR) PT. Bank Syariah Indonesia has implemented the 5C Principles according to theory (M. L. I. Nasution, 2018), namely Character, Capital, Capacity, Conditions, Collateral (Guarantee).