Between legitimate gamble and sharia risk in islamic banking: how shariah administration address the issue
Abstract
Islamic Bank has interesting gamble because of its Sharia-consistence standards. Two of dangers realized in Islamic Banking are legitimate gamble and sharia risk. This paper plans to make sense of the legitimate gamble and sharia risk looked by Islamic Banking in Indonesia. In addition, this paper likewise will talk about the reason for these dangers and its relief technique utilizing Shariah Administration idea. This paper involving writing studies from past examination and existing guideline in Indonesia. This exploration shows that Islamic Banking in Indonesia has one of a kind legitimate dangers and sharia risk because of its adherence to a double regulation framework: shariah regulation and public regulation. There are a few reasons for lawful gamble and sharia risk in Islamic Banking in Indonesia, for example, absence of supporting overall set of laws and guideline, absence of normalization contract in Islamic Banking, and absence of Court Frameworks to determine Islamic Financial's concern. Also, there are a few issues on the item improvement process in Islamic Bank. Furthermore, this paper investigates the job of Shariah Administration, for example, Sharia Administrative Body and Public Shariah Board as an answer for address the issue coming from lawful gamble and sharia risk.
How to Cite This Article
Alhidayat, Ambarita (2022).
Between legitimate gamble and sharia risk in islamic banking: how shariah administration address the issue
. International Journal of Judicial Law (IJJL), 1(1), 27-33.