The Application of Wadiah Contract on Islamic Banking Savings Products Through Branchless Banking (Conformity Analysis on Fatwa DSN-MUI and POJK)
- DOI
- 10.2991/iconies-18.2019.56How to use a DOI?
- Keywords
- Wadiah, Islamic banks, Financial Services,
- Abstract
The purpose of Branchless Banking is to facilitate customer who do not have enough understanding about banking knowledge and still hesitate about the transaction done by the agent. Wadiah agreement is a contract used by Islamic banks in savings products in the form of depositing funds between the owner of the fund and the recipient of the deposit that is trusted to safeguard the funds. The purpose of this study is to analyze suitability Fatwa DSN-MUI and POJK on the practice of Branchless Banking savings in Islamic banking, especially BRI Syariah Malang. While the data sources used are primary and secondary sources. Data collection methods with interviews and documentation. Data processing methods use edit, analysis, and conclusions. The results showed that BRI Syariah Malang was in accordance with the provisions of the Fatwa DSN-MUI Number: 02 / DSN-MUI / IV / 2000 concerning savings. However, it is still not in accordance with the Regulation of the Financial Services Authority (POJK) Number 19 / POJK.03 / 2014 concerning Officeless Financial Services in the Context of Inclusive Finance. Inconsistencies occur are 1) Article 5 paragraph 2 letter h: closing of accounts, 2) Article 5 paragraph 7: savings customers get Automated Teller Machine (ATM) facilities.
- Copyright
- © 2019, 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 - Oliv Amalia Rahmasari AU - Nur Rizqi Febriandika PY - 2019/10 DA - 2019/10 TI - The Application of Wadiah Contract on Islamic Banking Savings Products Through Branchless Banking (Conformity Analysis on Fatwa DSN-MUI and POJK) BT - Proceedings of the 2018 International Conference on Islamic Economics and Business (ICONIES 2018) PB - Atlantis Press SP - 285 EP - 289 SN - 2352-5428 UR - https://doi.org/10.2991/iconies-18.2019.56 DO - 10.2991/iconies-18.2019.56 ID - Rahmasari2019/10 ER -