Indonesia Conference Directory

This study aims to find out how different sharia gold mortgage financing procedures exist in Indonesia and Malaysia. The object of research is two banks from Indonesia and two banks from Malaysia. This study includes qualitative research with a comparative descriptive approach. where the object of this study is two countries of Indonesia and Malaysia with each of the two banks in each country. The data used in this study is secondary data obtained from previous research, web, and reference books. The results of this study explain what are the requirements that must be provided to carry out sharia gold pledges, what are the benefits and contracts, how are the procedures and calculation of financing estimates up to the extension and repayment of pawning. The difference between the two countries can be seen from the financing where in Indonesia, there is an administrative fee at the beginning of the pawn whereas in Malaysia there is no administrative fee at the time of the initial pawn. Financing received by customers in Indonesia can reach an estimated percentage of up to 90% and Malaysia only applies the estimated percentage of financing up to 80%. The period of repayment of pawning in Malaysia is longer than in Indonesia, which reaches the repayment period of pawning for six months where Indonesia is only for four months with a different renewal time in each bank.