The Practise Of Shariah Contracts For Reselling Shares At Pt Rhb Sekuritas In Aceh

Authors

  • Junaidi Junaidi Institut Agama Islam Almuslim Aceh, Indonesia
  • Gabriella Fardhiyanti University of Central Lancashire, United Kingdom

Keywords:

Reselling, shares, RHB Trade Smart Syariah.

Abstract

The practice of reselling stocks in stock transactions using RHB Trade Smart Syariah is new, and there is currently no contract formulation associated with this practice. Therefore, it is necessary to identify and reformulate the contract that has become a provision in buying and selling shares using RHB Trade Smart Syariah, which is owned by PT RHB Sekuritas, in light of the problems identified by the researchers during the process of reselling purchased shares. This article examines the implementation of Sharia contracts in PT RHB Sekuritas Indonesia's reselling practices using the RHB Trade Smart Sharia application. To address these issues, the researchers employed qualitative research methods, which were then analyzed by interpreting the data collected through observation, interviews, and documentation. The Indonesian Ulema Council issued Fatwa Number 80/DSN-MUI/III/2011, which regulates the mechanism of Sharia stock trading, following an investigation. The Sharia stock trading mechanism employs the Bai' Al Musawamah contract, which involves a continuous auction. Nonetheless, the researchers discovered similarities between the Bai' al-Muzaiyadah contract and the contract from the buyer's perspective.

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Published

2024-01-31