Sharia Pawnshop Research Articles

Implementation of Hybrid Contracts in the Gold Pawn Practice in Sharia Pawnshops

The hybrid contract in sharia pawn practice is very unique. This gives rise to different views on the transaction model. Several contracts are often applied in hybrid contract of sharia pawn practice include qardh, rahn, and ijarah. In an ijarah contract of sharia pawn, there is indication of irrelevance in the calculation of ujrah from the clause of the fatwa No.25/DSN-MUI/III/2002 concerning Rahn. This research intends to examine the implementation of hybrid contract in sharia pawn practices by raising the case of gold pawn referring to clause of the fatwa. This study applies a qualitative research paradigm with data characteristics consisting of concepts and qualitative statements. The sources of data were obtained from the implementation of sharia pawn practice in several sharia financial institutions and pawnshop companies, contract concepts, and DSN MUI fatwas. From this study, it was found that the rahn and qardh contracts in Islamic pawnshops complied with the clause of the DSN fatwa No.26/DSN-MUI/III/2002 concerning gold rahn. However, there is a potential for riba practices in ijarah contract in sharia pawn that conflict with the DSN fatwa No.25/DSN-MUI/III/2002 concerning Rahn. The potential for riba is indicated from the calculation of ujrah based on the amount of loans.AbstrakKontrak gadai multi akad dalam pegadaian syariah memiliki sisi keunikan. Hal itu menimbulkan berbagai pandangan mengenai model transaksi tersebut. Beberapa akad yang sering diterapkan dalam multi akad dalam pegadaian syariah antara lain akad qardh, rahn, dan ijarah. Dalam akad ijarah dari pegadaian syariah, terdapat indikasi adanya penyimpangan perhitungan ujrah dari ketentuan fatwa DSN No.25/DSN-MUI/III/2002 tentang Rahn. Penelitian ini hendak menelaah implementasi multi akad dalam praktik gadai syariah dengan mengangkat kasus gadai emas mengacu pada ketentuan fatwa tersebut. Penelitian ini menggunakan paradigma penelitian kualitatif dengan karakteristik datanya terdiri dari konsep dan pernyataan kualitatif. Sumber data diperoleh dari implementasi gadai di pegadaian syariah di beberapa lembaga keuangan syariah dan perusahaan pegadaian, konsep-konsep akad, dan fatwa-fatwa DSN MUI. Dari penelitian ini, ditemukan bahwa akad rahn dan qardh dalam pegadaian syariah telah sesuai dengan ketentuan fatwa DSN No.26/DSN-MUI/III/2002 tentang rahn emas. Akan tetapi, terdapat potensi praktik riba dalam akad ijarah dalam pegadaian syariah yang bertentangan dengan fatwa DSN No.25/DSN-MUI/III/2002 tentang Rahn. Potensi riba ini tampak pada perhitungan ujrah berdasarkan besarnya pinjaman.

What Drives Rahn Adoption?

Objective: Sharia pawning, or Rahn, is one of the Islamic financial products adopted by society to solve cash needs and have assets as collateral. Adoption of this product is limited in scholarly work. This study examines the effects of religiosity, service quality, and location on adopting Islamic (Sharia) pawning services. Design/Methods/Approach: A self-administered questionnaire was distributed to 200 Islamic bank customers. Both offline and online questionnaires were employed for data collection. SPSS 22 and SmartPLS 4.0 software were used to perform comprehensive data synthesis, confirmatory factor analysis, and rigorous hypothesis testing, fostering a data-driven approach to ensure the integrity and validity of this research. Findings: The results show that only religiosity has a significant relationship with Rahn adoption. Location and service quality do not drive customers to use Rahn products. These results indicate the significant role of religious values in Rahn adoption. Originality/value: This study contributes to the limited Islamic marketing literature on Rahn or Sharia pawnshops, primarily on the determinant of this financing adoption using the Indonesian context. Practical/policy implications: Islamic pawnshops must emphasize Sharia compliance in the Rahn product provision because customers, primarily those in relatively religious regions, highly consider this aspect when using the pawnshop service.

TINJAUAN HUKUM SEWA DI BAYAR DI MUKA PADA PRAKTIK ARISAN GADAI EMAS

The mechanism for the practice of gold pawn arisan at sharia pawnshops is increasingly rapid and in great demand, however this is the subject of a new problem in the concept of the application of prepaid rent which is set for the gold pawn arisan products offered. This research aims to understand how Islamic law views the status of down payments in pawn gatherings at the Purwokerto Syariah Pegadaian. The results of this research explain the issues of Sharia economic law on gold pawn products. The problem occurs with the provision of money being paid in advance. Basically, social gathering is a social system that leads to friendship within neighbors and between families. In Islamic Law, debt and receivables are a form of muamalah which is characterized by ta'awun (help) to other parties to meet their needs. Therefore, in this context, someone who provides debt must not take advantage of the goods owed. Debtors may not accept gifts or other benefits from debt borrowers. The money is paid in advance on the guarantee of a gold pawn gathering, which if you intend to help, you should be sincere and not impose additional burdens on returns, but there are business practices. This creates a bad image for Sharia banking if the down payment provisions become a negative thing in Sharia economic law.

The Influence of Literacy, Religious Knowledge and Attitudes on Public Interest in Rahn Products

This research aims to determine the factors influencing knowledge, literacy, religion, and attitudes toward public interest in Rahn products at Sharia pawnshops. 145 Pegadaian Syariah (Pawnshop) consumers were invited to this study through an online survey. SEM (Structural Equation Modeling) was used to examine research hypotheses. This study found that financial literacy, religiousness, and attitudes play important roles in influencing Pegadaian Syariah consumer preference. It means that consumers’ interest in Sharia pawnshops is because they influence individual understanding, knowledge, values, ​​and beliefs in Sharia-based financial products.

Analyzing Customer Interest in Choosing Pawn Products (Rahn) at the Sharia Pawnshop Upc Raden Patah

This research aims to analyze customer interest in choosing pawn products (Rahn) at sharia pawnshops. The qualitative method is used to analyze customer interest in sharia pawn products offered by PT. Pegadaian Syariah. This data collection technique uses library and field research techniques such as observation, interviews and informants. The product most frequently sought by customers is Rahn. This was proven from the results of the data provided by the pawnshop to the researchers and the results of interviews. This research provides an overview of the products that are most in demand at sharia pawnshops

INTERPRETIVE STUDY: THE MEANING OF RAHN GOLD ACCOUNTING PRACTICE IN THE PERSPECTIVE OF IMAM BUKHARI AND MUSLIM HADITH

This research aims to determine the accounting treatment of Sharia gold pawn products at Sharia Pegadaian, which is measured by the hadith perspective of Imam Al-Bukhari. Furthermore, those used as references include the story of Armor, rides or vehicles, and the story of the Ansar men. The research method used in this research is a case study approach. The case study focuses on the accounting treatment of gold Rahn transactions from the beginning of the contract to the end of the contract. The research results show that the contracts used in Sharia Pawnshops use Rahn contracts, qardh contracts, and ijarah contracts. However, in practice, several things are not under Imam Al-Bukhari's hadith, namely loans for qardh financing, the determination of administrative costs based on the size of the loan, the classification of ijarah discount rates as a percentage, and the combination of qardh and ijarah contracts. The practices following Imam Al-Bukhari's hadith are the ijarah fee system, full payment, and auction. It is recommended that in qardh financing, the customer (rahin) be given a loan of more than 95% of the value of the gold at that time. The costs incurred by the customer must calculate Sharia pawnshop administration costs. Ijarah discounts should not be measured as a percentage, and they must be measured in nominal terms to avoid speculation. Furthermore, customers must receive justice if they borrow some funds so that they do not use two contracts in one transaction.

Anthropological Sociology Of Sharia Economic Law On The Practice Of Gold Arisan Contracts Of Indonesian Sharia Pawnshops

This research analyzes in depth the practice of gold gathering at Sharia Pawnshop from the perspective of sociology, anthropology and sharia economic law to reveal the complex dynamics in modern sharia economic practices and their impact on wider society. This understanding also provides insight into how local traditions and global norms interact in increasingly complex contexts. The author uses qualitative research methods and secondary data analysis. These data will be analyzed using sociological and anthropological theoretical approaches to sharia economic law. The results of this research are that the Gold Arisan practice at Sharia Pawnshop is a collective system of buying gold like traditional arisan. It builds social relationships, reflects cultural values, and adheres to sharia economic principles without usury. Sharia economic laws such as Qardh, Murabahah, and Rahn play an important role. Sociologically, this forms a complex social network. From an anthropological perspective, it reflects the values ​​and traditions of society. From the perspective of economic sharia law, comply with strict principles including the prohibition of usury and asset management. This analysis provides an in-depth understanding of financial practices in the context of culture, social norms and Islamic law, as well as the impact of social interactions.

Analisis Determinan pada Faktor yang Mempengaruhi Minat Nasabah dalam Menggadaikan Emas di Pegadaian UPS Pasar Anom

Sharia pawnshops are the best solution in meeting human needs which are increasingly consumerist amidst the development of the digital world which provides easy access for humans to fulfill their lives. Even though banks also issue pawn products, pawnshops still exist with their pawn products because the process is fast, easy and safe without having to queue longer. So here the researchers are interested in examining what factors influence customers' interest in pawning their gold at Pegadaian UPS Pasar Anom. This research uses quantitative methods with primary data obtained directly through distributing questionnaires to 60 respondents. The analysis technique used is multiple linear regression. The results of the research show that the variables administration costs, estimated value, ijarah costs, and product quality have a positive and significant effect on customer interest because ttable greater than tcount and the significance value is smaller than 0.05. Meanwhile, the late fine variable has a negative and insignificant effect on customer interest, this is proven by ttable smaller than tcount and the significance value is greater than 0.05.

Determinan Yang Mempengaruhi Penyaluran Pembiayaan Gadai (Rahn) Pada PT. Pegadaian Syariah Indonesia Periode 2017-2021

This study aims to analyze the influence of determinants that influence the distribution of pawn financing (Rahn) at PT. Indonesian Sharia Pawnshop for the 2017-2021 Period. The data used is quarterly data for each variable. The method used in this research is the multiple linear regression method using the Ordinary Least Square (OLS) analysis tool through the Eviews 9 program. The research results obtained are a) From the t test, the results show that partially the variables Number of Customers and Gold Price have a significant influence towards the Distribution of Pawn Financing (Rahn). Meanwhile, the Inflation Rate variable does not have a significant influence on the Distribution of Pawn Financing (Rahn); b) From the results of the f test, it was found that simultaneously the variables Number of Customers, Inflation Level and Gold Prices had a significant influence on the Distribution of Pawn Financing (Rahn); c) From the Adjusted R2 test, the results show that the variables Number of Customers, Inflation Level and Gold Price have an influence of 95.1% on the Distribution of Pawn Financing (Rahn)

ANALYSIS OF THE USE OF NON-CASH TRANSACTIONS USING DIGITAL APPLICATIONS IN THE TIME OF COVID-19 AT PT. PAWNTOWN SHARIA UPS SIBUHUAN

This research was motivated by the use of non-cash transactions using digital applications which decreased during the Covid-19 period where the use of digital Islamic pawnshop applications before Covid-19 increased while during the Covid-19 period their use decreased, because there were still many customers who did not know how to use digital Islamic pawnshop applications . The formulation of the research problem is how to use the digital sharia pawnshop application during the Covid-19 period at PT. Pegadaian Syariah UPS Sibuhuan, how is the customer's response to the digital sharia pawnshop application. The purpose of this study was to determine the use of digital sharia pawnshop applications during the Covid-19 period at PT. UPS Syariah Pawnshop is busy and to find out the response from customers to the digital sharia pawnshop application.The theory presented in this study relates to the theory of interest in using, satisfaction, service quality, non-cash transactions, digital sharia pawnshop applications. According to Arianto's experts, service quality can be interpreted as focusing on meeting needs and requirements, as well as on timeliness to meet customer expectations. Service quality is also measured by how well the level of service provided is in accordance with customer expectations.This research is a qualitative research with descriptive data sources used are primary data and secondary data, while the data collection techniques of this research are interviews, observation and documentation.The results of this study concluded that the use of non-cash transactions using the digital Islamic pawnshop application during the Covid-19 period decreased due to lack of application promotion, the registration process was not guided by Islamic pawnshops, the target was only pawn financing (rahn), customer responses were also initially enthusiastic about However, due to the lack of education from pawnshops about digital sharia pawnshop applications, customers prefer to come in person to make transactions, network constraints, and lack of customer knowledge in using digital-based services.

Analisis Prosedur Gadai Emas Syariah Dan Penerapannya Pada Pegadaian Syariah UPS Mandailing Natal

Sharia pawning is called rahn in Islamic law where the meaning is a contract with the detention of valuables as collateral for debts carried out by sharia pawnshops. In my opinion, as a writer, this sharia gold mortgage is the best choice when there are pressing financial matters. This is what makes the author interested in the topic of sharia gold pawning to be studied more deeply. This study discusses the description of the pawnshop itself and the conditions and procedures for pawning gold in sharia at the UPS Mandailing Natal pawnshop. The method used in this study is descriptive qualitative problem approach used is direct interviews and observations. The data used is secondary data including primary, secondary and tertiary data. All data was collected through interviews with managers and service users at UPS Mandailing Natal Sharia Pegadaian as well as literature study. All data is processed by examining data and data settings and then analyzed. The procedure uses a rahn contract and an ijarah contract. Factors that make Islamic Gold Pawning a solution for the lower middle class in Mandailing Natal Regency are because there is no usury or interest and it is more cost-effective as well as collateral items are safer.

The Influence of Organizational Culture and Organizational Commitment on Work Engagement at Pawnshops Sharia Sub-Branch Office in East Bandung Region

The development of economic problems today, since the enactment of Law Number 10 of 1990, Islamic financial institutions not only consist of banks but also other Islamic financial institutions, namely non-bank financial institutions called sharia pawnshops. One of them is the Sharia Sub-Branch Office Pawnshop in the East Bandung Region which is a non-bank Islamic financial institution that helps the community in the economic sector. Organizational culture and organizational commitment at Pawnshop KCPS East Bandung Region greatly affect work engagement, which is one of the strongest factors of employees in deciding to stay or leave their jobs. The research method used is a quantitative method with an associative approach with primary data types and uses data collection techniques in the form of observations, interviews, literature studies, and questionnaires. Based on the results of the study, the number of employees at the KCPS Pawnshop in the East Bandung Region amounted to 34 people, which had the effect of b culture or organization to k attachment work with test results hypothesis that value tcount (3.797) > ttable (2,03693), there is an effect commitment organization to attachment work with results testing hypothesis that score tcount(15,122) > ttable(2,03693), and there is an effect of culture organization and commitment organization by simultaneous take effect to attachment work with test results Fcount(106,931) > Ftable(3,295).

ANALYSIS OF THE DEVELOPMENT UNDERSTANDING OF THE PEOPLE BATANG TORU SUB-DISTRICT ABOUT SHARIA PAWNSHOPS

The purpose of this study is the first, show the understanding of the people of Batang Toru District towards PT. Sharia pawnshop, the second is what causes the people of Batang Toru District not to use PT. Sharia Pawnshop. This type of research is qualitative research, the collection of research data is carried out by conducting observations, interviews, and documentation with research objects in Batang Toru District in South Angkola District.Based on the research obtained as follows. First, the understanding of the people of Batang Toru District towards PT. Sharia pawnshops, most of the people in the Batang Toru sub-district already know Sharia pawnshops, but the community only knows not by understanding them. The people of Batang Toru District still mostly think that at PT. Sharia pawnshops are only for pawning. The second reason people do not use Sharia pawnshops is because of the lack of understanding of the people of Batang Toru District about PT. Sharia pawnshops and lack of promotion by distributing brochures and socialization from Sharia pawnshops to the people of Batang Toru District, South Tapanuli Regency.

Public Service Journal About Sharia Pawnshop

This journal is the result of the final report of the final assignment for the Islamic Financial Management course in the form of community service. The form of service that is carried out is by educating the general public about Sharia Pawnshops. This education regarding Sharia Pawnshops is carried out because it turns out that there are still many Indonesian people, especially the Muslim community who do not know about Sharia Pawnshops. Many people still use conventional pawnshops. In fact, when viewed in terms of its products, Pegadaian Syariah has products that are more in line with Islamic Sharia. The purpose of this education is to increase the literacy of the Indonesian people, especially the Muslim community regarding Sharia Pawnshops. In carrying out this service, we use the implementation method which consists of 3 stages. Namely the preparation stage (preparing material to be taught), the stage of making educational media (making posters), and the third is the stage of delivering material (delivered using Instagram media). From this dedication, we made several conclusions, it turns out that the Muslim community in Indonesia still doesn't use it much, even they know about the existence of Sharia Pawnshops and their products.

The Influence of Promotion and Reputation on Purchase Decisions of Pegadaian Gold Saving Products (Study on Customers of Syariah Gold Savings Account, Pegadaian Syariah Bandar Lampung Branch)

Gold is considered an investment with relatively low risk and its value is almost always profitable because it is an investment object whose value tends to increase, thereby increasing public interest in investing in gold. Pegadaian Syariah, which is part of PT. Pegadaian, has innovated by releasing a product called Gold Savings with the aim of facilitating people who want to own gold at an affordable price and with minimal capital by saving. However, in recent years there has been a decrease in the number of Gold Savings customers at the Radin Intan Sharia Pawnshop which was influenced by the promotion factors carried out and the company's reputation. So that, in this study discusses promotion and reputation on customers' decisions to buy Gold Savings products at the Radin Intan Sharia Pegadaian Branch using the nonprobability sampling method using the Purposive Sampling method category, with a total sample of 140 respondents. This study uses multiple linear regression analysis and partial hypothesis testing (t-test). The results obtained in this study indicate that promotion and reputation have a positive and significant effect on purchasing decisions for Gold Savings products at the Radin Intan Branch Sharia Pawnshop with a total sample of 140 respondents. This study uses multiple linear regression analysis and partial hypothesis testing (t-test). The results obtained in this study indicate that promotion and reputation have a positive and significant effect on purchasing decisions for Gold Savings products at the Radin Intan Branch Sharia Pawnshop with a total sample of 140 respondents. This study uses multiple linear regression analysis and partial hypothesis testing (t-test). The results obtained in this study indicate that promotion and reputation have a positive and significant effect on purchasing decisions for Gold Savings products at the Radin Intan Branch Sharia Pawnshop.

Pengaruh Pendapatan Pegadaian, Jumlah Nasabah, Harga Emas Dan Inflasi Terhadap Penyaluran Pembiayaan Rahn

<p class="JOURNALABSTRACT-TITLE"><em><span lang="IN">This study uses secondary data in the form of pawnshop revenue, number of customers, and distribution of rahn financing accessed from the financial reports of PT. Pegadaian (Persero) Indonesia for 2016-2020</span></em><em></em><em><span lang="IN">on Statistics for Indonesian Special Financial Institutions issued by the Financial Services Authority (OJK) as well as data on gold prices and inflation rates during the 2016-2020</span></em><em></em><em><span lang="IN">period. Data analysis techniques use the classical assumption test, multiple linear regression analysis, and hypothesis testing (Statistic t test/Partial test, F/Simultaneous test, and Coefficient of Determination test). The results show that partially pawnshop revenue, number of customers, gold price and inflation affect the distribution of rahn financing at Sharia Pawnshops in Indonesia for the 2016-2020 period and simultaneously pawnshop income, number of customers, gold price and inflation affect the distribution of rahn financing at Pawnshops Sharia in Indonesia for the 2016-2020 period. As for the coefficient of determination of 93.28% percent, while the remaining 6.72% is explained by other variables not examined in this study.</span></em></p>

IMPLEMENTATION OF RAHN ACADEMIC IN SYARIAH PAWNTOWN

The development of sharia products is currently happening in Indonesia, especially in Islamic financial institutions, various kinds of products and contracts are applied in carrying out their business activities, one of the products is the rahn contract in sharia pawn shops. Basically, sharia-based products have special characteristics such as, not using interest in any form because it can cause usury, using money as a medium of exchange not as a traded commodity, and doing business to get rewards for the services performed. Although the pillars and conditions of the rahn contract have been carried out in accordance with sharia, there are still some things that must be clarified to get the correct practice in sharia theory. This study aims to find out how to apply rahn contracts to sharia pawnshops.

IMPLEMENTATION OF RAHN ACADEMIC (SHARIA PAWN) IN SHARIA FINANCIAL INSTITUTIONS

The development of sharia-based products is increasingly prevalent in Indonesia, including pawn shops. Perum pawnshops issued sharia-based products called sharia pawnshops. Basically, sharia-based products have such characteristics, do not collect interest in various forms due to usury, determine money as a medium of exchange not as a commodity traded, and do business to obtain compensation for services and or profit sharing. This research includes the type of literature study by looking for theoretical references that are relevant to cases or problems found. Theoretical references are obtained by means of literature study research and then used as the basic foundation and main tools for analyzing data. The type of data used by the authors in this study is secondary data obtained from journals, books, documentation and the internet. The data that has been obtained is then analyzed using a descriptive analysis method of Islamic Pawnshop or known by the term rahn, in its operation using the Fee Based Income (FBI) or Mudharabah (profit sharing) method. Because customers using UP (UP) have different objectives, for example for consumption, paying school fees or additional working capital, the use of the Mudarabah method has not been used properly. Therefore, pawnshops use the Fee Based Income (FBI) method. the use of the Mudarabah method has not been used properly. Therefore, pawnshops use the Fee Based Income (FBI) method. the use of the Mudarabah method has not been used properly. Therefore, pawnshops use the Fee Based Income (FBI) method.

ANALYSIS OF RETURN ON LOAN PRINCIPAL AND UJRAH/ MU'NAH FOR RAHN AND ARRUM EMAS PRODUCTS AT SHARIA PAWNSHOPS IN LHOKSEUMAWE CITY

This study aims to determine the analysis of loan principal repayments and Ujrah / Mu'nah products of Rahn and Arrum Emas at Sharia Pawnshops in Lhokseumawe City. The type of research used is descriptive qualitative research. This research has been surveyed from 2020, where one of the loan agreements as a case study will end in 2022. The type of data used is qualitative data. The data sources used are primary data and data collection methods through direct interviews with employees, branch managers, randomly selected customers and general company data that can be accessed directly via the pawnshop link. The analytical method used is descriptive qualitative analysis. The research results show that every customer deciding on one of these contracts has certain considerations both in terms of the ability to pay all at once or in installments. Everything is tailored to the needs and income generated. The amount of ujrah or mu'nah determination, especially for Arrum Mas products, uses a flat calculation, where the loan principal and mu'nah are the same for each installment payment, which is 1 percent per month of the loan amount. The ujrah or mu'nah from Arrum Mas products is lower than Rahn products if the payment is calculated at maturity. The amount of ujrah or mu'nah determination, especially for Arrum Mas products, uses a flat calculation, where the loan principal and mu'nah are the same for each installment payment, which is 1 percent per month of the loan amount. The ujrah or mu'nah from Arrum Mas products is lower than Rahn products if the payment is calculated at maturity. The amount of ujrah or mu'nah determination, especially for Arrum Mas products, uses a flat calculation, where the loan principal and mu'nah are the same for each installment payment, which is 1 percent per month of the loan amount. The ujrah or mu'nah from Arrum Mas products is lower than Rahn products if the payment is calculated at maturity.

Literacy and strategic marketing to raise public awareness using Sharia pawnshops during the COVID-19 pandemic

Purpose The purpose of this study is to reveal empirical facts that literacy and marketing strategies effectively impact people using Sharia pawn products during the COVID-19 pandemic because of the pressure of capital needs and financial difficulties. Design/methodology/approach This study used an exploratory qualitative research approach through semi-structured interviews with six partners of different productive ages and social, economic and educational backgrounds. After data reduction, presentation, description and validation, this paper develops the theory and presents it as a qualitative thematic analysis. Findings The findings of this study revealed that those who had socialised Sharia pawnshops had a low literacy level. Nonetheless, the socialisation of Sharia pawnshops increases literacy and public understanding of pawnshop products in Sharia pawnshops. This issue arises because of the COVID-19 pandemic, which makes it impossible for Sharia pawnshops to hold an event or socialise. Originality/value The authenticity of this study proves that literacy and marketing strategies can increase public awareness of Sharia pawn products during the COVID-19 pandemic.