Istithmar: Jurnal Studi Ekonomi Syariah
Vol. 8 No. 1 (2024): Istithmar : Jurnal Studi Ekonomi Syariah

Analysis of Gold Pawn in Indonesia: A Comparative Study between DSN-MUI and AAOIFI

Muna, Izzatul (Unknown)



Article Info

Publish Date
30 Jun 2024

Abstract

The development of sharia-based products in Indonesia have been increasingly rife, one of the most growing is rahn/Islamic pawn. Basically, a pawn contract is a type of tabarru’/voluntary contract which does not generate profit, however there are many Islamic financial institutions that offer pawn products especially gold pawn product. This research aims to analyze the comparison between the AAOIFI and DSN-MUI in the provisions regarding gold pawn contract. This research is a type of literature study using descriptive qualitative approach. The finding of research is that there are similarities and differences between both AAOIFI and DSN-MUI in the provisions regarding gold pawn contract. The most salient difference is that the Fatwa of DSN-MUI allows the Islamic financial institutions as the mortgagee to charge to the mortgagor some fees for safekeeping and maintenance of the mortgaged asset through ijarah contract, which make the gold pawn contract become profitable for the mortgagee. Unlike in the AAOIFI Shariah Standard which does not give the mortgagee a chance to obtain profit from this contract. Keywords: Rahn, Gold Pawn, AAOIFI, DSN-MUI

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Journal Info

Abbrev

istithmar

Publisher

Subject

Economics, Econometrics & Finance

Description

Istithmar : Jurnal Studi Ekonomi Syariah, published twice a year (June and December) by Program Studi Ekonomi Syariah Fakultas Ekonomi dan Bisnis Islam IAIN Kediri, East Java. The Journal serving as a medium for exploring critical thinking on Islamic Economics and Business issues. It is open for all ...