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All Journal Laa Maisyir Jurnal Ekonomi Islam Jurnal Inovasi Hasil Pengabdian Masyarakat (JIPEMAS) Jurnal Hukum Ekonomi Syariah Jurnal Pengabdian Kepada Masyarakat MEMBANGUN NEGERI To Maega: Jurnal Pengabdian Masyarakat IJECA (International Journal of Education and Curriculum Application) International Journal of Economy, Education and Entrepreneurship (IJE3) JOEL: Journal of Educational and Language Research Kanun: Jurnal Ilmu Hukum Jurnal Hukum Islam Jurnal Intelek Dan Cendikiawan Nusantara
Hasanuddin, Hasanuddin
Universitas Muhammadiyah Makassar
Religion Humanities Computer Science & IT Economics, Econometrics & Finance Education Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Mathematics Social Sciences Other

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THE JUSTIFICATION AND IMPLEMENTATION OF FINES ON CAPABLE CUSTOMERS IN ISLAMIC FINANCIAL INSTITUTIONS: A SHARIAH LAW PERSPECTIVE Mega Mustika; Mowafg Masuwd; Ridwan Malik; Hasanuddin Hasanuddin; Abdul Malik
Kanun Jurnal Ilmu Hukum Vol 27, No 1: April 2025: Customary Law and development in Indonesia
Publisher : Universitas Syiah Kuala

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Abstract

The imposition of fines on financially capable customers who delay installment payments in Islamic financial institutions presents a complex issue that necessitates justification in accordance with Shariah principles. This study examines the application of principles such as justice, legal compliance, and responsibility within the fine policies directed at these customers. It further assesses the degree to which the imposition of fines is accepted across various Islamic financial institutions and explores how existing regulations can be clarified to ensure adherence to Shariah principles. The fatwa issued by the Indonesias National Sharia Council of the Indonesian Ulema Council (DSN-MUI) permits the imposition of fines solely on financially capable customers who intentionally delay their payments. However, a significant challenge persists: the lack of a standardized criterion for identifying capable customers who should justly incur fines, including the specific duration of delinquency required before a fine is applied. Islamic banks fundamentally operate on the profit-sharing principle and do not inherently recognize fines in the same manner as conventional banks. Nevertheless, to mitigate customer negligence and maintain a balance between justice and legal compliance, some Islamic banks incorporate fines into their financing contracts. This practice remains contentious, primarily due to concerns that such fines may resemble riba qardh or riba nasiah, both of which are explicitly prohibited in Islam. This article contributes to the development of standardized guidelines for Islamic banks, facilitating the objective identification of capable customers and the implementation of fines in a manner that aligns with Islamic values.
Co-Authors Abd Rahkim Nanda Abd. Rahman Abdul Malik Abubakar Idhan, Abubakar Fakhruddin Mansyur Fitrayani, Fitrayani Hartono Bancong Hasan bin Juhanis Hasyim Mubarak Ibrahim, Juliani Mega Mustika Mohd Aizul Yaakob Mowafg Abrahem Masuwd Muh.Yunus Ali Muhammad Ridwan Muhammad Saleh Mustamin, Siti Walidah Reski Saputra Ridwan Malik S Syamsia Saifuddin Syarda, Abdillah Syarifah Febriana Wahida Wahida