Analisis Mekanisme Jual Beli Mata Uang (Al-Sharf) Menurut Fatwa DSN-MUI No. 28/MUI/III/2002

Abstract

This study aims to determine the mechanism of buying and selling currency in sharia (Ash-Sharf) according to the DSN-MUI fatwa and the Islamic Hedging mechanism on exchange rates that occur due to the risk of uncertainty in exchange rate movements. This type of research is descriptive qualitative research with a qualitative approach. The data collection method used is secondary data. Data analysis in this study was carried out through data reduction, data categorization, and data verification. The results of the study stated that the mechanism of buying and selling currencies using spot transactions was prohibited. Meanwhile, sharia hedging transactions on exchange rates based on real needs may be carried out on condition that they follow the provisions stipulated in the fatwa.