Juridical Analysis Of The Provision Of Loans In The AS -AS -Salam Sharia Financial Services Cooperative (Study: KJKS AS -Salam Medan)
Introduction
Cooperatives are one of the financial institutions that attract Indonesian people due to the principle of the family they hold. As a business entity organized by individuals and legal entities, cooperatives have an important role in increasing the economic level of the community. In the context of the Islamic economy, the existence of Islamic financial institutions is an alternative that answers doubts about the conventional financial system. One of the institutions is the As-Salam Islamic Financial Services Cooperative (KJKS), which has social goals to improve the welfare of its members and the general public. KJKS As-Salam operates in the field of savings and loans in accordance with Islamic sharia principles.
The Islamic financial system is based on the principles of justice, fairness, and transparency. It is a system that is free from interest and other forms of exploitation. The As-Salam Islamic Financial Services Cooperative is one of the institutions that operate in accordance with these principles. The cooperative has a strong commitment to social responsibility and aims to improve the welfare of its members and the general public.
Methodology
This study uses a normative and empirical juridical legal approach. The focus is on secondary data that describes the regulations governing loans at KJKS As-Salam, as well as collection of supporting data through research. The data used in this study includes primary and secondary data, with qualitative analysis as the main method.
The normative approach is used to analyze the regulations governing loans at KJKS As-Salam. This approach involves the study of the laws and regulations that govern the cooperative's operations. The empirical approach is used to collect data on the actual practices of the cooperative. This approach involves the collection of data through research and observation.
Results
The results of this study showed that the process of granting a loan at KJKS AS-Salam began with a submission of requests from members. This request was then assessed the feasibility by the KJKS As-Salam management. If deemed feasible, the next process is the signing of a financing agreement. However, there are several problems that hamper the smooth implementation of loans. One of them is the lack of awareness of members regarding the importance of savings and loan obligations, which results in bad loans and default.
Difficult economic conditions contribute to obstacles in fulfilling obligations. To overcome the problem of default, KJKS As-Salam took a family approach, by giving warnings and agreements between the two parties. This approach is expected to create a mutually beneficial settlement without causing tension between members.
Discussion
In a juridical context, it is important to pay attention to the regulations that apply in the granting of loans at Islamic financial institutions, as well as prevention efforts so that members understand their responsibilities better. The education and socialization approach regarding Islamic finance management is the key to increasing members' understanding of their rights and obligations.
The As-Salam Islamic Financial Services Cooperative has a strong commitment to social responsibility and aims to improve the welfare of its members and the general public. The cooperative operates in the field of savings and loans in accordance with Islamic sharia principles. The results of this study showed that the process of granting a loan at KJKS AS-Salam began with a submission of requests from members. However, there are several problems that hamper the smooth implementation of loans.
Conclusion
In conclusion, this study has provided a juridical analysis of the provision of loans in the As-Salam Sharia Financial Services Cooperative. The study has shown that the cooperative operates in accordance with Islamic sharia principles and has a strong commitment to social responsibility. However, there are several problems that hamper the smooth implementation of loans, including the lack of awareness of members regarding the importance of savings and loan obligations.
The education and socialization approach regarding Islamic finance management is the key to increasing members' understanding of their rights and obligations. The As-Salam Islamic Financial Services Cooperative has a strong commitment to social responsibility and aims to improve the welfare of its members and the general public. The cooperative operates in the field of savings and loans in accordance with Islamic sharia principles.
Recommendations
Based on the results of this study, the following recommendations are made:
- Education and Socialization: The As-Salam Islamic Financial Services Cooperative should provide education and socialization programs to increase members' understanding of their rights and obligations.
- Awareness: The cooperative should raise awareness among its members regarding the importance of savings and loan obligations.
- Prevention Efforts: The cooperative should take prevention efforts to prevent bad loans and default.
- Family Approach: The cooperative should take a family approach to resolve disputes and create a mutually beneficial settlement.
By implementing these recommendations, the As-Salam Islamic Financial Services Cooperative can function optimally as a financial institution based on sharia and provide benefits to the community.
Limitations
This study has several limitations. Firstly, the study is based on secondary data and does not provide a comprehensive analysis of the cooperative's operations. Secondly, the study only focuses on the provision of loans and does not consider other aspects of the cooperative's operations.
Future Research
Future research should focus on the following areas:
- Comprehensive Analysis: A comprehensive analysis of the cooperative's operations should be conducted to provide a more detailed understanding of the cooperative's activities.
- Other Aspects: Other aspects of the cooperative's operations, such as savings and investments, should be considered in future research.
- Comparative Study: A comparative study of the As-Salam Islamic Financial Services Cooperative with other Islamic financial institutions should be conducted to provide a more comprehensive understanding of the cooperative's operations.
By conducting future research in these areas, a more comprehensive understanding of the As-Salam Islamic Financial Services Cooperative can be gained, and the cooperative can function optimally as a financial institution based on sharia and provide benefits to the community.
Q: What is the As-Salam Islamic Financial Services Cooperative?
A: The As-Salam Islamic Financial Services Cooperative is a financial institution that operates in accordance with Islamic sharia principles. It has social goals to improve the welfare of its members and the general public.
Q: What is the purpose of the study on the provision of loans in the As-Salam Sharia Financial Services Cooperative?
A: The purpose of the study is to provide a juridical analysis of the provision of loans in the As-Salam Sharia Financial Services Cooperative. The study aims to identify the regulations governing loans at the cooperative and to analyze the actual practices of the cooperative.
Q: What are the main findings of the study?
A: The main findings of the study are that the process of granting a loan at KJKS AS-Salam began with a submission of requests from members. However, there are several problems that hamper the smooth implementation of loans, including the lack of awareness of members regarding the importance of savings and loan obligations.
Q: What are the recommendations of the study?
A: The recommendations of the study are that the As-Salam Islamic Financial Services Cooperative should provide education and socialization programs to increase members' understanding of their rights and obligations. The cooperative should also raise awareness among its members regarding the importance of savings and loan obligations.
Q: What are the limitations of the study?
A: The limitations of the study are that it is based on secondary data and does not provide a comprehensive analysis of the cooperative's operations. The study only focuses on the provision of loans and does not consider other aspects of the cooperative's operations.
Q: What are the future research directions?
A: The future research directions are to conduct a comprehensive analysis of the cooperative's operations, to consider other aspects of the cooperative's operations, and to conduct a comparative study of the As-Salam Islamic Financial Services Cooperative with other Islamic financial institutions.
Q: What are the implications of the study for the As-Salam Islamic Financial Services Cooperative?
A: The implications of the study for the As-Salam Islamic Financial Services Cooperative are that it should take steps to improve the awareness of its members regarding the importance of savings and loan obligations. The cooperative should also take prevention efforts to prevent bad loans and default.
Q: What are the implications of the study for the Islamic financial industry?
A: The implications of the study for the Islamic financial industry are that it highlights the importance of education and socialization in increasing the understanding of Islamic finance among members. The study also emphasizes the need for Islamic financial institutions to take prevention efforts to prevent bad loans and default.
Q: What are the implications of the study for policymakers?
A: The implications of the study for policymakers are that it highlights the need for policies that support the development of Islamic finance in Indonesia. The study also emphasizes the need for policymakers to take steps to improve the awareness of the public regarding the importance of Islamic finance.
Q: What are the implications of the study for researchers?
A: The implications of the study for researchers are that it provides a comprehensive analysis of the provision of loans in the As-Salam Sharia Financial Services Cooperative. The study also highlights the need for further research on the Islamic financial industry in Indonesia.
Q: What are the implications of the study for the community?
A: The implications of the study for the community are that it highlights the importance of Islamic finance in improving the welfare of the community. The study also emphasizes the need for the community to take steps to improve their understanding of Islamic finance.