Hisbah (Supervision) Application in Determining of Standarize Stadard Akad Modes on Islamic Financial Institution in Indonesia
- DOI
- 10.2991/iclgg-17.2018.31How to use a DOI?
- Keywords
- Sharia Bank, Sharia Supervisory Board, Sharia Compliance, Finance Deed,
- Abstract
As an intermediary institution based on sharia principle, sharia banks are required to performing two compliance namely compliance syariah principle and law compliance, as for th application of two compliance is it not only in good corporate governance and the kind of product sharia bank, but also on financing deed made by a notary. Therefore financing deed in sharia banks must reflect sharia compliance principle besides the law compliance, special concern about sharia compliance, has become scope authority from the Sharia Supervisory Board, in this term Sharia Supervisory Board not only ensure the application of sharia compliance but also every deeds which was built by a notary sharia bank must to be in accordance with the sharia principle. Failure on the fulfillment of the shariah principle on a sharia bank financing deed can led to such deed null and void, so that in this case application of sharia principle should be given to the aspect of protection sharia banks and consumer protection which took the form of the superintendence of the Sharia Supervisory Board to every sharia bank financing deed.
- 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/).
Cite this article
TY - CONF AU - Prawitra Thalib AU - Hilda Sabrie AU - Faizal Kurniawan AU - Erni Agustin PY - 2017/11 DA - 2017/11 TI - Hisbah (Supervision) Application in Determining of Standarize Stadard Akad Modes on Islamic Financial Institution in Indonesia BT - Proceedings of the International Conference on Law, Governance and Globalization 2017 (ICLGG 2017) PB - Atlantis Press SP - 220 EP - 227 SN - 2352-5398 UR - https://doi.org/10.2991/iclgg-17.2018.31 DO - 10.2991/iclgg-17.2018.31 ID - Thalib2017/11 ER -