Risks of Multi-Contract in Sharia Financial Institutions, Indonesia

DOI

10.2991/amca-18.2018.71How to use a DOI?

Keywords

Accountability, Risk, Multi-Contracts, Costumers, Sharia Financial Institutions

Abstract

The objective of this study was to explore multi-contracts on Sharia Financial Institutions which mainly consist of two problems: 1) products of Sharia Financial Institutions which are related to multi-contracts; and 2) risk accountability of multi-contracts on Sharia Financial Institutions. The approach used wasa descriptive-qualitative approach and the subjects were the costumersof Sharia Financial Institutions. The data were obtained through direct observations and semi-interviews in Sharia Financial Institutions with the employees’ activities. The results showed thattheproducts of Sharia Financial Institutions related to multi-contractsin the DSN-MUI fatwa include musyarakah mutanaqishah, financing takeover, and sharia credit card. Every transaction in multi-contracts has a risk. Moreover, the risk is to be held accountable by all the partiesinvolved in the contract, and also risk accountabilityoccurs due to the customers’ negligence of their obligations.

Copyright

© 2018, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Fikri Lahafi
AU  - Rahman Ambo Masse
AU  - Syahriyah Semaun
AU  - Mr Wahidin
AU  - Rusdaya Basri
PY  - 2018/07
DA  - 2018/07
TI  - Risks of Multi-Contract in Sharia Financial Institutions, Indonesia
BT  - Proceedings of the 5th International Conference on Community Development (AMCA 2018)
PB  - Atlantis Press
SP  - 259
EP  - 262
SN  - 2352-5398
UR  - https://doi.org/10.2991/amca-18.2018.71
DO  - 10.2991/amca-18.2018.71
ID  - Lahafi2018/07
ER  -