Juridical Review Of Gold Installment Financing At Indonesian Islamic Banks In The Context Of Murabahah

The development of gold installment products in sharia banking has become an investment alternative that is popular with the public because it is considered safe, stable and in accordance with sharia principles. This research aims to determine the mechanism for financing gold installments based on murabahah contracts, analyze the legal basis used, and identify the obstacles faced by both banks and customers. The research method uses an empirical juridical approach with descriptive qualitative analysis. Primary data was obtained through interviews with the bank (gold installment financing section and tellers) and eight customers, while secondary data came from literature, journals and related regulations. The research results show that the gold installment financing mechanism at BSI is carried out through a murabahah contract, where the bank buys gold from an official supplier and then sells it back to customers with a profit margin that has been agreed at the beginning, so the process is transparent and easy to understand. From a legal perspective, this financing is guided by DSN-MUI fatwa no. 21/DSN-MUI/IV/2001, OJK regulations, as well as internal bank regulations, so that they are free from elements of usury, gharar and maisir. Obstacles that arise include delays in installments due to customers' financial conditions and a lack of understanding among some customers regarding the differences between sharia and conventional products. The bank handles this with education, reminder services, and restructuring options without fines. Thus, gold installment financing at BSI is proven to be in accordance with sharia principles, provides a sense of security, and is beneficial for customers.