COMPARATIVE STUDY BETWEEN CONVENTIONAL PAWNSHOPS AND SHARIA PAWNSHOPS: BENEFITS, CHALLENGES, AND IMPLICATIONS FOR CUSTOMERS
Keuntungan, Tantangan, dan Implikasinya bagi Nasabah
Keywords:
Conventional Pawnshops, Sharia Pawnshops, Profits, Challenges, Implications
Abstract
This research seeks to uncover the advantages and disadvantages between conventional pawnshops and Islamic pawnshops. The focus of the research is on the advantages, challenges, and implications of both types of pawnshops for customers. This research is a descriptive qualitative type with a comparative study technique based on data from previous research. Conventional pawnshops operate based on an interesting system, while Sharia pawnshops use usury-free Sharia principles and prioritize murabahah and ijarah contracts. The results show that conventional pawnshops tend to be more flexible in terms of requirements and processes, but are subject to interest charges that can be burdensome for customers. Islamic pawnshops, on the other hand, offer a fairer solution that complies with Islamic financial principles, although they often face challenges in terms of public understanding and more complex procedures. The implications for customers depend largely on their needs, understanding and values, with choices having to take into account both financial aspects and compliance with sharia principles. This research provides insights for customers in choosing the type of pawnshop that suits their needs and values.
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References
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Asmarani, Rina's grandson. Economy. Jakarta: Directorate General of Early Childhood Education, Higher Education and Higher Education, 2020.
Darmalaksana, Wahyudin. "Qualitative Research Methods of Literature Studies and Field Studies." Pre-Print Digital Library UIN Sunan Gunung Djati Bandung, 2020, 1–6.
Djafar, Achmad Abubakar, and Halimah Basri. "Conventional pawn and sharia pawn in the midst of economic development." Journal of Economic, Public, and Accou Vol. 5 No., no. 1 (2022): 33–51.
Febri Gunawan, Raha Bahari, Sainul. "A Comparative Study Between Conventional Pawn and Sharia Pawn." Mu'amalah Journal of Sharia Economic Law 2, no. 1 (2022): 53–80.
Harahap, Ahmad Taufiq. "Challenges and Opportunities of Islamic Financial Institutions." Journal of Corporate Business 2, no. 2 (2017): 1–15.
Hamid, A. M., Fitrianto, A. R., & Ahmed, I. (2024). From Marginalization to Recognition: The Impact of Islamic Political Economy on Indonesia's Islamic Economy During the New Order. Economica: Jurnal Ekonomi Islam, 15(1), 33-52.
Hiyanti, Hida, Lucky Nugroho, Citra Sukmadilaga, and Tettet Fitrijanti. "Opportunities and Challenges of Sharia Fintech (Financial Technology) in Indonesia." Scientific Journal of Islamic Economics 5, no. 3 (2020): 326–33. https://doi.org/10.29040/jiei.v5i3.578.
Ibrahim, Azharsyah, Erika Amelia, Nashr Akbar, Nur Kholis, Suci Apriliani Utami, and Nofrianto. Sharia Economics Lecturer. Bank Indonesia. Jakarta: Bank Indonesia, 2021.
Indonesia. Government Regulation (PP) Number 103 of 2000 concerning Public Companies (Perum) Pegadaian (2000). https://peraturan.bpk.go.id/Details/53682/pp-no-103-tahun-2000.
Kagramanto, L. Budi. "The Existence of Deposit Insurance Institutions in the National Banking System L." Pulpit of Law 19, no. 3 (2007): 335–485.
Lestari, Yuyun Juwita, and Iza Hanifuddin. "The Legal Basis of Sharia Pawnshops in the DSN-MUI Fatwa." Journal of Islamic Economic Law (JHEI) 5, no. 2 (2021): 159.
Muttalib, Abdul. "The Implications of Sharia Pawn on the Welfare of the People of Praya City (Case Study at the Praya Branch Sharia Pawnshop)." Scientific Journal of Mandala Education 2, no. 2 (2016): 291–96.
Sons, Febrianur Ibnu Fitroh, Gemelli Milad Muhammady, Almira Nur Aulia, Saiful Hidayat, and Muhammad Sholahuddin. "Dynamics of the Development of Sharia Pawnshops in Indonesia." Univesity Research Coloquium, 2016, 25–26.
Daughter, Reisya Rahmi. "The Background of the Development of Sharia Pawnshops in Indonesia." Kompasiana, 2021.
Rafsanjani, Haqiqi. "The Difference Between Conventional Pawn Practice and Sharia: A Case Study on Perum Pawnshop Kebomas Gresik Branch.Journal of Islamic Law Studies 10, no. 1 (2021): 1–13.
Randi, Saputra, and Kasyful Mahali. "Analysis of the Potential and Obstacles to the Development of Sharia Pawnshops in Medan City." Journal of Economics and Finance 2 (2014): 221–35.
Roficoh, Luluk Wahyu, and Mohammad Ghozali. "Application of Akad Rahn at Sharia Pawnshops." Journal of Masharif Al-Syariah: Journal of Sharia Economics and Banking 3, no. 2 (2018). https://doi.org/10.30651/jms.v3i2.1736.
Ruhaniah, Nia, Hendri Tanjung, and Hilman Hakiem. "The Influence of Promotion, Service Quality, and Sharia Implementation on Public Interest in Using Sharia Pawnshop Services." El-Mal: Journal of Islamic Economics & Business Studies 5, no. 1 (2021): 60–69. https://doi.org/10.47467/elmal.v5i1.633.
Rushd, Ibn. Bidayatul Mujtahid: An Analysis of the Fiqh of the Mujtahid. 3rd ed. Jakarta: Pustaka Amani, 2007.
Sarwono, Jonathan. Smart Writing Scientific Essays: The Key to Success in Scientific Writing. Yogyakarta: Andi Offset, 2010.
Subagiyo, Rokhmat. "SYARIAH (RAHN) Rokhmat Subagiyo: A Review of Sharia ...... Financing in banking. Pawnshops are used as a focus for." An-Rasio 01, no. 01 (2016): 18 pages.
Sugiyono. Business Research Methods: Quantitative, Qualitative, Combination, and R&D Approaches. Bandung: Alfabeta, 2018.
Suryati, Suryati, Nurlely Sukesti Ariani Nasution, and Wiwin Muchtar Wiyono. "Comparison of Sharia Pawnshops with Conventional Pawnshops Based on Indonesian Law." Legal Horizons: Scientific Magazine Faculty of Law, Wijayakusuma University 23, no. 2 (2021): 9–15. https://doi.org/10.51921/chk.v23i2.168.
Syamsudin, Muhammad. "Credit administration fees at pawnshops, are they Riba?" NU Online, 2019. https://nu.or.id/syariah/biaya-administrasi-kredit-di-pegadaian-apakah-riba-uVoJf.
Usman, S H Rachmadi. "Legal Aspects of Sharia Banking in Indonesia," 2022.
Wikipedia. "Pawnshop." Wikipedia, 2024. https://id.wikipedia.org/wiki/Pegadaian_ (company).
Zuliyana, Meti, La Ode Turi, Sri Juminawati, Diah Aryati Prihartini, and Ibnu Haris Nasution. Non-Bank Banks & Financial Institutions. Eureka Aksara Media. Purbalingga: Eureka Media Aksara, 2022.
Published
2025-01-15
How to Cite
Manihuruk, F., Syahbana, E., Alisya, J., Siregar, F., Marbun, J., Simbolon, D., Alnaya, D., & Rozaini, N. (2025). COMPARATIVE STUDY BETWEEN CONVENTIONAL PAWNSHOPS AND SHARIA PAWNSHOPS: BENEFITS, CHALLENGES, AND IMPLICATIONS FOR CUSTOMERS. ADILLA : Jurnal Ilmiah Ekonomi Syari’ah, 8(1), 61-72. https://doi.org/https://doi.org/10.52166/adilla.v8i1.6655
Section
Articles
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