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All Journal Jurnal Al-Qardh
Ni Nyoman Adi Astiti
College of Law Tambun Bungai
Religion Humanities Economics, Econometrics & Finance Social Sciences

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The Position of Arbitration in Dispute Resolution of Islamic Financial Institutions Ni Nyoman Adi Astiti; Ghozali Rahman; Siti Nur Ibtisamah
AL-QARDH Vol 6, No 2 (2021): AL-QARDH
Publisher : Fakultas Ekonomi dan Bisnis Islam Institut Agama Islam Negeri Palangka Raya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23971/jaq.v6i2.3461

Abstract

Arbitration in Islamic law is known as the term tahkim which comes from Arabic. Arbitration in Islam has been recognized in the Al-Qur’an, Sunnah and Ijmak. In Indonesia, sharia arbitration focuses on the field of muamalah or sharia-based civil law. Sharia arbitration is very relevant in resolving sharia banking disputes. The practice of tahkim has been done by the companions of the Apostle. Thus, the problems that are resolved by arbitration institutions are not against Islamic law, because Islamic law itself recognizes the legality of arbitration as dispute resolution. However, in the formation of an arbitration institution, elements prohibited by religion should not be included and its decisions are also not contradicting religious law. If a case is related to an arbitration institution to settle it, then according to Islamic law the official judicial institution is no longer authorized.
Co-Authors Ghozali Rahman Siti Nur Ibtisamah