The Practice of the Contract in the Arrum Haji Product from an Islamic Law Perspective at Pegadaian Syari'ah Bandar Lampung

The development of Islamic financial products, particularly in the context of contracts for the Arrum Haji product at Pegadaian Syari’ah Way Halim Branch, Bandar Lampung, Indonesia, has become a primary focus for researchers. Observations of the contractual practices reveal an examination of Islamic legal principles while also highlighting the use of takwin (penalty) as a disciplinary measure for customers who breach their agreements. This research analyzes the practices of the Arrum Haji product from the perspective of Islamic law. This study employs a qualitative approach, specifically field research conducted at the Pegadaian Syari’ah Way Halim Branch located in Bandar Lampung. It adopts a descriptive-analytical methodology, describing and analyzing Islamic legal perspectives on the Arrum Haji product through data collection methods such as interviews and documentation. The findings indicate that the contractual practices of the Arrum Haji product comply with the conditions and pillars of contracts in Islam. Although takwin is used as a disciplinary effort, the penalty funds are redirected to the Community Policy Fund (Dana Kebijakan Umat, DKU). Moreover, the practice of rahn (collateral) contracts involving valuable assets aligns with Islamic principles, ensuring clarity and agreement among the involved parties. This study concludes that the contractual practices of the Arrum Haji product at Pegadaian Syari’ah Way Halim Branch, Bandar Lampung, are deemed valid under Islamic law and consistent with both theoretical frameworks and practical implementation in the field.