Journal Article
Published
The Application of Al-Wakalah bil Ujrah Contract on Unit Link Insurance According to DSN-MUI Fatwa No. 52 2006: A Case Study of PRUlink SyariahGenerasi Baru
Abstract
Insurance makes the fund prepared accurately when
problems or disasters occur without predictions. Also, in
sharia insurance, there is al-wakalah bil ujrah which is used
to give authority to manage the premium collected funds so
that they can be useful and develop. This study aims to
determine how the application of the al-wakalah bil ujrah
contract on PRULink Syariah Generasi Baru at PT Prudential
Indonesia. Then, to find out the level of validity according to
the Fatwa DSN-MUI No: 52/DSN-MUI/III/2006 concerning alWakalah bil Ujrah Contract on Sharia Insurance and
Reinsurance. This study uses a qualitative method in field
research and a descriptive analysis approach. Data
collection was carried out through field observations,
interviews with related sources, and documentation which
was analyzed using the measurement tool to DSN-MUI Fatwa
No: 52/DSN-MUI/III/2006. The results shows that Prudential
Syariah Yogyakarta Branch sufficiently met the criteria set
by the DSN-MUI Fatwa No: 52/DSN-MUI/III/2006 concerning
al-wakalah bil ujrah Contract on Sharia Insurance and
Reinsurance. All provisions are written and explained at the
beginning of the contract, although not all mechanisms are
included in the company standard, such as the accuracy of
the allocation of investment funds that distributed to the
stock market, the criteria for insurance participants who do
not meet the requirements surplus sharing and the lack of
transparency in the management of tabarru' funds.
Publication Details
JournalLariba
Volume8 (1)
Pagespp. 242-254
ISSN2477-4839
SubjectsK Law > K Law (General)
KeywordsSharia Insurance; al-Wakalah bil Ujrah; Fatwa
DSN-MUI.
Item ID6586
Deposited08 Mar 2025 06:33