FLOATING COUPON DALAM IMBALAN SUKUK TABUNGAN PERSPEKTIF HUKUM ISLAM

Abstract

With the change in the nature of the fixed coupon  to the  BI 7 Days Reverse Repo rate, an  answer is needed regarding the law of floating rewards contained in savings sukuk. This study aims to find out how Islamic law views the floating rewards of savings sukuk. This research uses qualitative methods with a descriptive approach. The results of this study are First, from the  normative aspect, that in determining the rewards of Savings Sukuk by floating coupon has a legal umbrella, namely in Article 18 of Law Number 19 of 2008 concerning State  Sharia Securities and based on a circular from the Ministry of Finance of the Republic of Indonesia concerning the plan to sell State Sukuk Savings (ST) in 2018 on October 30, 2018.  Second,  from the perspective of Islamic law, the implementation of the contract in savings sukuk  is a ghairu shahih contract  because the reward used is  a Floating Coupon or floating reward determined based on the reference interest rate as a reward.