The Concept of Discretionary Penalty and Compensation and Its Implementation in the Fatwas of National Sharia Board-Indonesian Ulema Council
Authors
Panji Adam, Ira Siti Rohmah Maulida, Maman Surahman, Akhmad Yusup
Corresponding Author
Panji Adam
Available Online 8 March 2021.
- DOI
- 10.2991/aebmr.k.210305.042How to use a DOI?
- Keywords
- Ta’zir, Ta’wîdh, National Sharia Board, Fatwa, Indonesian Ulema Council
- Abstract
One of the risks that exist in the financing risks faced by Islamic Financial Institutions, namely the risk of default on the part of the customer in the form of financing. In addition to the way risk management, LKS can also cope with the risk of default by applying ta’zir (discretionary penalty) and ta’wîdh (compensation). Juridical basis of existence and ta’wîdh ta’zir concept is in the form of National Sharia Board fatwa-Indonesian Ulema Council (DSN-MUI). This article analizes implementation of fatwas of DSN-MUI in relation to ta’zir and ta’widh.
- Copyright
- © 2021, 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 - Panji Adam AU - Ira Siti Rohmah Maulida AU - Maman Surahman AU - Akhmad Yusup PY - 2021 DA - 2021/03/08 TI - The Concept of Discretionary Penalty and Compensation and Its Implementation in the Fatwas of National Sharia Board-Indonesian Ulema Council BT - Proceedings of the 2nd Southeast Asian Academic Forum on Sustainable Development (SEA-AFSID 2018) PB - Atlantis Press SP - 231 EP - 235 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.210305.042 DO - 10.2991/aebmr.k.210305.042 ID - Adam2021 ER -