Journal of Critical Realism in Socio-Economics
Vol. 2 No. 02 (2024): Unity Paradigm Of Mesoscience

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

Izzatul Muna (Istanbul Sabahattin Zaim Univesity)



Article Info

Publish Date
27 Jan 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.

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Journal Info

Abbrev

JOCRISE

Publisher

Subject

Description

Journal of Critical Realism in Socio-Economic (JOCRISE) is focused on the reviews of related problems in critical realism open to the methodological moral inclusiveness of diverse issues and problems on the socio-economics domain. Scope Theory of critical realism; Theory of unity of knowledge; ...