Review of Islamic Law Against Execution of Collateral Auctions on Islamic Banking Institutions in Aceh, Indonesia

نویسندگان

چکیده

This article review Islamic law quoted from jurists’ opinion and legal experts on the use of auction trading theory in collateral sale. Every financial transaction banking required a guarantee. It is intended to save bank funds if customer defaults. Based constitutional act Number 4 1996 mortgage rights, banks have right confiscate asset (guarantees) who has reached due date without intention pay. However, cannot carry out unilateral execution make direct sales. The formal procedures which must follow disburse guarantees are usually long often meet various obstacles. analyzes normatively empirically bail implementation Aceh based concept al Quran, Hadith, scholars’ Ijma’. Although conventional still used rules, as applied adopted many laws. practice, there problems that arise scope uphold philosophy maslahah justice. paper, therefore, employs qualitative approach secondary investigate Shariah perspective against auctions institutions Aceh, Indonesia.

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ژورنال

عنوان ژورنال: The Journal of Management Theory and Practice (JMTP)

سال: 2021

ISSN: ['2716-7089']

DOI: https://doi.org/10.37231/jmtp.2021.2.1.95