Proceedings of the 2nd Southeast Asian Academic Forum on Sustainable Development (SEA-AFSID 2018)

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/).

Download article (PDF)

Volume Title
Proceedings of the 2nd Southeast Asian Academic Forum on Sustainable Development (SEA-AFSID 2018)
Series
Advances in Economics, Business and Management Research
Publication Date
8 March 2021
ISBN
10.2991/aebmr.k.210305.042
ISSN
2352-5428
DOI
10.2991/aebmr.k.210305.042How to use a DOI?
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  -