Islamic Banking Risk Differences with Pawn Shops

Islamic banking industry is currently busy to go to the syariah mortgage services. Islamic economists, Adiwarman A Karim, said that despite Islamic banking services in the same pledge as the pawnbroker Sharia, but the risk of mortgage business in the Islamic banking is somewhat different.
"In the settlement there are fundamental differences between management conducted an auction in Pawnshop Sharia and Islamic banks. Pawnshop Act may be made in the auction, while in Islamic banks because of a contractual relationship with the customers it can not necessarily do the auction because it has a different legal basis, "he said in Jakarta, Friday (30/4). Meanwhile, he added, in a colateral contained in the assessment of risk management. He said, is the best tool to calculate our own hands, but the bank could not rely on that alone. "Therefore there must be a compromise to use tool for standardization," said Adiwarman. On the other hand, he added, banks must also be careful to keep the gold pledged by customers. The reason, said Adiwarman, in contrast to the missing money and be replaced by the same amount, gold has a value of historical or emotional bond with customers. "For example, gold is mortgaged is inherited from their parents so it would be difficult for the bank if the gold is gone because it usually had pawned the gold value of historical or emotional ties to customers," he said. Nevertheless, the Islamic mortgage is to be one profitable product for Islamic banks. The reason, says Adiwarman, Islamic mortgage is quite simple such as loans without collateral (KTA). "In fact, Islamic mortgage is better than KTA because there's collateral and liquidity and when seen from a higher profit margin than KTA. If now the KTA 3 per cent, higher mortgage sharia, "