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October 13, 2025Borneo Journal of Islamic StudiesOpen Access

Rethinking Legal Validity and Contractual Structures of Shariah-Compliant Credit Cards

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Authors

MAMuhammad Adib AlfarisiSSSuhedi SuhediSESouad Ezzerouali

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Overview

Qualitative analysis rethinks shariah-compliant credit cards' legal validity in Indonesia, highlighting the need for regulatory integration.

Key Points

  • The study argues for a tri-contract structure that provides normative coherence in shariah compliance.
  • Findings reveal ambiguous enforceability under civil contract law, particularly regarding ta‘wīḍ and gharāmah.
  • Comparative insights from Malaysia and the Middle East underscore the necessity for a comprehensive regulatory framework.
  • Legal validity requires harmonization with Otoritas Jasa Keuangan and Bank Indonesia regulations.

Cite This Study

Alfarisi et al. (2025) studied this question.

synapsesocial.com/papers/68ed1896f29694dd1da78d69https://doi.org/10.37567/borneo.v6i1.4321
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