Wakalah Agreement in Sharia Financial Services at Bank Syariah Indonesia Bangkalan

Akad Wakalah dalam Layanan Jasa Keuangan Syariah di Bank Syariah Indonesia Bangkalan

Abstract

As social creatures, it is impossible for humans to do things by themselves, so in order to achieve a goal, another party is often needed to represent the affairs. In the science of jurisprudence, this work is called a wakalah contract, namely the delegation of power by one party to another party in terms of matters that may be represented. Whether we realize it or not, the practice of wakalah is often carried out at any time, wherever and under any conditions, human activity. In the world of banking, wakalah only becomes supporting transactions not as main transactions. In this journal I will explain wakalah in general. wakalah in banking applications occurs when a customer gives permission to the bank to carry out certain work, such as making an l/c (sharia import letter of credit & sharia export letter of credit), collection and transfer of money, custody, factoring, trustee, mutual investment sharia funds, sharia giro financing, and takaful. In determining the line of authority, banks and customers must be able to fulfill legal requirements. In non-bank businesses, such as insurance companies, when using wakalah contracts, ujrah wakalah bil is usually used. In practice, this means that the insurance company as trustee must invest the money received and the investment must be carried out in accordance with sharia. In the process of investing and analyzing the two tabbaru' funds, the following method can be used to determine the time limit, mudharabah, provisions as explained above, and guided by mudharabah fatwas.