SANTRI EN –Home Ownership Credit (KPR) is a solution for many people to realize their desire to own their own home, however, concerns about Riba in Based are often the reason people avoid it.
Understanding Riba in Based
Riba is the taking of additional or interest that exceeds the principal of a loan. In Islam, riba is prohibited because it is considered a zalim (oppressive) and exploitative act.
Are All KPRs Riba-Based?
Not all KPRs contain elements of riba. There are two akad (contracts) that are commonly used in Islamic KPRs that are free of riba:
1. Musyarakah Mutanahiyah bit Tamlik (MMT)
This akad is a partnership between the bank and the buyer.
- The bank provides capital for the purchase of the house, and the buyer becomes a partner with a portion of ownership in accordance with the down payment paid.
- The profit from the sale of the house is divided according to the portion of ownership.
2. Bai’ Murabahah
This akad is a sale and purchase contract with a price agreed upon at the outset.
- The bank buys the house and sells it back to the buyer at a higher price, which already includes the bank’s profit.
- Payment is made in installments with a fixed amount.
Tips to Avoid Riba-Based KPR:
- Understand the KPR akad carefully. Make sure the akad used is MMT or Bai’ Murabahah.
- Pay attention to the payment scheme. Avoid KPRs with fluctuating interest rates or irregular installments.
- Consult with a religious expert. Ask for an explanation of the KPR akad and make sure the KPR chosen is free of riba.
Riba-Based KPR Case Uncovered
Recently, a case of riba-based KPR was uncovered at a sharia bank. The bank offered KPR with a fluctuating interest rate scheme, which is an element of riba.
This case is a warning for the public to be careful in choosing KPR. Make sure the KPR chosen is free of riba to avoid sin and loss.
The Importance of Sharia KPR Education
The public needs to be educated about sharia KPR and how to choose a KPR that is free of riba. Sharia banks and other Islamic financial institutions need to improve education and literacy about sharia finance to the public.
The government also needs to provide clear and firm regulations to prevent the practice of riba-based KPR. With the right education and regulation, it is hoped that the public can own homes in a halal and riba-free way.
The Importance of Sharia KPR Education
Education about sharia KPR and how to choose a KPR that is free of riba is very important. This is because:
1. Avoiding Riba:
Riba is a major sin in Islam. Choosing a riba-based KPR means falling into sin and can lead to loss in the world and the hereafter.
2. Protecting Consumers:
Many people do not yet understand sharia KPR and are easily trapped in riba-based KPR. Education can help people choose the right KPR that suits their needs.
3. Increasing Sharia Financial Literacy:
Education about sharia KPR can increase sharia financial literacy in the community. This is important to encourage the growth of the sharia economy in Indonesia.
4. Supporting the Growth of Sharia Banks:
Education about sharia KPR can increase public interest in using sharia bank products and services. This can help the growth of sharia banks in Indonesia.
Efforts to Promote Sharia KPR Education:
1. Socialization by Sharia Banks:
Sharia banks need to actively socialize sharia KPR to the public. Socialization can be carried out through various media, such as seminars, workshops, and social media.
2. Government Role:
The government needs to support sharia KPR education through regulations and policies that encourage sharia financial literacy.
3. Media Contribution:
The media can play a role in sharia KPR education by publishing informative and educative news and articles.
4. Community Role:
The community needs to be active in seeking information about sharia KPR and choosing KPR that is free of riba.
Education about sharia KPR is very important to protect consumers, increase sharia financial literacy, and support the growth of sharia banks. Education efforts need to be carried out by various parties.***
