The views of Nahdlatul Ulama and Muhammadiyah figures on credit transactions with a savings system

Al Munawar, Faishal Agil ORCID: https://orcid.org/0000-0002-8200-5096 and Vad'aq, M. Iqbal (2025) The views of Nahdlatul Ulama and Muhammadiyah figures on credit transactions with a savings system. Indonesian Journal of Islamic Economics and Finance, 4 (1). pp. 103-120. ISSN 2808-1102

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Abstract

As practiced by @dintwinz_home on Instagram, credit buying with a savings system offers a unique approach to transactions compared to conventional methods. Unlike typical credit purchases, this method allows buyers flexibility with payment deadlines and amounts. Customers can cancel purchases and withdraw their installment funds. This empirical study adopts a qualitative approach, utilizing interviews and documentation to explore the perspectives of Nahdlatul Ulama (NU) and Muhammadiyah figures in Malang City. Key findings include the structured stages of this buying process: (1) visiting @dintwinz_home; (2) item specification and purchase explanation; (3) initial down payment and identity submission; (4) installment recording by the seller; (5) withdrawal of saved funds if needed; and (6) item delivery upon completion. The study highlights disagreement among Muhammadiyah figures due to a perceived lack of payment clarity, whereas NU figures support the practice under mutual agreement conditions. This research provides insights into community perspectives on evolving transaction practices in digital commerce.

Item Type:	Journal Article
Keywords:	Nahdlatul Ulama; Muhammadiyah; credit transactions; savings system
Subjects:	18 LAW AND LEGAL STUDIES > 1801 Law > 180122 Legal Theory, Jurisprudence and Legal Interpretation 18 LAW AND LEGAL STUDIES > 1801 Law > 180127 Mu'amalah (Islamic Commercial & Contract Law) > 18012701 al-Bai’ (incl. al-Khiyar) 22 PHILOSOPHY AND RELIGIOUS STUDIES > 2204 Religion and Religious Studies > 220403 Islamic Studies 22 PHILOSOPHY AND RELIGIOUS STUDIES > 2204 Religion and Religious Studies > 220403 Islamic Studies > 22040304 Fiqh, Ushul Fiqh, Islamic Jurisprudence, and related science
Divisions:	Faculty of Sharia and Law > Department of Sharia Business Law
Depositing User:	Faishal Agil Al Munawar
Date Deposited:	18 Jul 2024 11:57

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