Regulation And Strategy In Sharia Pawnshop Practice At PT. Pawnshop Syariah Unit Sumbawa

Abstract

Pegadaian Syariah, a sharia-based financial institution, has emerged as an alternative to conventional financial services in Indonesia. Despite its positive growth trend, with an increase of 15% by 2022, Pegadaian Syariah faces challenges in terms of public understanding and adoption, especially in the Sumbawa area which has varying levels of education. The focus studied in this research is how the regulations and strategies implemented by Pegadaian Syariah Sumbawa unit in carrying out sharia pawnshop practices in the Sumbawa unit.

This research uses a qualitative approach with descriptive methods. Data collection techniques in this study are interviews, observation and documentation. Then the data analysis used is by means of data reduction, data presentation and conclusions.

Based on the results of this study, the regulation used is POJK Number 31/POJK.05/2016 of 2016 concerning Pawnshop Business in carrying out practices in terms of transparency, integration and fairness. In addition, this study also identified challenges, such as a lack of understanding of Pegadaian Syariah products and limited access to Pegadaian Syariah services by the surrounding community because it offers something that has no difference with other conventional pawnshops.