Application of the Islamic Jurisprudence Principles Prohibiting Gharar in the Sharia Government-Business Entity Cooperation (KPBU) Scheme

Wafa Umniati (Universitas Islam Negeri Syarif Hidayatullah Jakarta)
Ali Sajad (Universitas Islam Negeri Syarif Hidayatullah Jakarta)
Tasha Vinaza (Universitas Islam Negeri Syarif Hidayatullah Jakarta)

Jurnal Aghniya
Vol. 9 No. 1 (2026): Islamic Economics and Banking Education

Background: This study aims to examine how the legal maxim al-gharar al-kathīr yufsidu al-‘uqūd dūna yasīrihī is manifested in DSN-MUI Fatwa No. 156/DSN-MUI/V/2023 concerning the implementation of Sharia principles in infrastructure provision activities through the Government–Business Entity Cooperation (KPBU) scheme based on availability payment. Method: This study employs a library research method focusing on the examination of documents containing data on the implementation of the prohibition of gharar in fiqh muʿāmalah māliyyah, particularly in DSN–MUI fatwas. Results: The findings indicate that Fatwa DSN No. 156/DSN-MUI/V/2023, especially in the section concerning the contents of KPBU contractual documents, contains elements of uncertainty (gharar). Conclusion: Such gharar falls under the category of gharar yasīr, which does not invalidate or compromise the contract, in accordance with the fiqh maxim al-gharar al-kathīr yufsidu al-ʿuqūd dūna yasirihi