Analysis of the DSN-MUI Fatwa on the Rahn Contract: A Case Study at PT Pegadaian Syariah Simpang Lima Banyuwangi

Abstrak

Ideally, the implementation of the rahn contract in Islamic financial institutions such as PT Pegadaian Syariah should fully adhere to the principles and provisions of the DSN-MUI fatwa. However, in practice—particularly at PT Pegadaian Syariah Simpang Lima Banyuwangi—there are still discrepancies from these standards, such as a lack of cost transparency, limited customer education, and weak internal oversight. This study aims to analyze the implementation of the rahn contract at PT Pegadaian Syariah Simpang Lima Banyuwangi and assess its compliance with the DSN-MUI fatwa both normatively and technically. This article is categorized as qualitative field research using an empirical legal study approach. The findings show that the implementation of the DSN-MUI fatwa on rahn contracts at PT Pegadaian Syariah Simpang Lima Banyuwangi is generally in accordance with sharia principles, particularly in avoiding riba (usury) and gharar (uncertainty). However, challenges persist, including lack of fee transparency, inconsistent operational standards, and insufficient sharia education for customers. Although the rahn product has proven helpful in supporting the financial needs of the lower-middle-class community, its effectiveness still requires strengthened financial literacy, enhanced internal supervision, and synergy between the institution and the public to ensure that the rahn contract becomes a truly fair and ethical financial instrument.