Beda Kartu Kredit Syariah dan Konvensional | Ustadz Dr. Oni Sahroni, MA

Summary

This video discusses the key differences between conventional and Islamic credit cards. The Islamic credit card is designed to be used only for halal transactions, such as purchases from approved merchants, and adheres to Shariah principles. It operates with a contract of Kafalah Bil Ujrah, ensuring no interest is charged, and the user only pays a withdrawal fee when accessing cash. Additionally, users are bound by a clause to avoid excessive spending. The card is regulated by the Shariah supervisory board to ensure its compliance with Islamic law. The video aims to educate viewers on these fundamental distinctions and the operational framework of Islamic credit cards.

Takeaways

• 😀 The function of both Islamic (Sharia) and conventional credit cards is similar, as both are accepted globally for shopping, bill payments, and cash withdrawals.
• 😀 The primary difference between Islamic and conventional credit cards lies in their underlying principles and practices.
• 😀 Islamic credit cards can only be used at halal merchants, meaning they cannot be used for transactions that are not in line with Islamic principles (e.g., bars, nightclubs).
• 😀 Islamic credit cards are governed by the concept of 'Kafalah Bil Ujrah,' where the issuer guarantees the transaction, ensuring it can be completed in cash, without charging interest or additional fees beyond service charges.
• 😀 When used for cash withdrawals, Islamic credit cards do not incur interest, but there may be a fee for the cash withdrawal service.
• 😀 Islamic credit cards include clauses that prevent overuse or excessive spending, ensuring the cardholder does not fall into debt.
• 😀 Violating the usage agreement, such as using the card beyond agreed limits, is considered a breach of the contract.
• 😀 Islamic credit cards are subject to supervision by financial authorities and Shariah supervisory boards to ensure they operate in compliance with Islamic laws.
• 😀 The Shariah supervisory boards and fatwas (religious decrees) guide the operation of Islamic credit cards, such as the fatwa issued by the Indonesian Ulama Council (MUI) Number 54.
• 😀 The practice of issuing Islamic credit cards follows the principles set out by the Syafi'iyyah school of thought and other respected Islamic scholars.
• 😀 Overall, Islamic credit cards aim to align financial practices with Islamic ethics, ensuring fairness and avoiding exploitative practices such as charging interest.

Q & A

What is the main difference between Islamic (syariah) credit cards and conventional ones?

The main difference lies in their usage and financial principles. Islamic credit cards can only be used for halal transactions, whereas conventional cards are not restricted to such criteria. Islamic cards also avoid charging interest, focusing on fees for services instead.

Can a syariah credit card be used in any store?

No, a syariah credit card can only be used in stores that sell halal products and services. It cannot be used in places considered haram, such as nightclubs.

How does a syariah credit card issuer make money?

The issuer makes money through service fees for providing guarantees on transactions. These are different from interest or non-halal sources of profit.

What is the term used in Islamic finance for the guarantee provided by the issuer in syariah credit cards?

The term is 'kafalah Bil ujrah,' which refers to a contract in which the issuer guarantees the transaction without charging interest.

Are there any interest charges on a syariah credit card?

No, there are no interest charges on a syariah credit card. Users are only required to pay fees for withdrawing cash or other specific services.

What happens if a syariah credit cardholder overspends or accumulates debt?

If a cardholder overspends or becomes financially burdened, they are violating the agreement made with the card issuer, which could lead to consequences or penalties based on the contract terms.

How is a syariah credit card different from conventional credit cards in terms of regulation?

Syariah credit cards are regulated by Islamic financial supervisory boards and must comply with fatwas from the National Shariah Council (MUI), ensuring that their operations are in line with Islamic law.

What is the role of the Shariah supervisory boards in the context of syariah credit cards?

The Shariah supervisory boards ensure that the operations of syariah credit cards align with Islamic financial principles and comply with Islamic law, including the relevant fatwas.

Can a syariah credit card be used for cash withdrawals?

Yes, a syariah credit card can be used to withdraw cash, but the cardholder only pays for the withdrawal fee. The amount withdrawn is treated as a loan without interest.

What is the importance of avoiding excessive spending with a syariah credit card?

Excessive spending could lead to debt, which violates the terms of the syariah credit card agreement. The cardholder is expected to manage their finances responsibly to avoid financial hardship.