Analysis of Financial Technology Product Contracts Peer to Peer Lending Syariah Platform Ammana.id

Abstract

Ammana.id in obtaining funds from lenders uses a representative contract with wages (wakalah bil ujrah) in transactions between them and the lender. That way, Ammana.id is considered to have accepted a dependent or representative from the borrower, so they are entitled to profit (ujrah). Meanwhile, between lenders and sharia cooperatives, a profit-sharing contract (musharaka) is established. Ammana.id cooperates with BMT, KSPPS, BPRS, Sharia Venture Institutions as microfinance institutions that distribute loan funds. The law of wakalah with the presence and absence of wages is valid, because the Prophet Muhammad SAW once sent his employees to collect zakat and give them wages. The next contract is the Musyarakah contract which is between Ammana.id and the fund distributor. With a musharaka contract, the owner of the capital and the distributor of the funds both deposit capital in nominal terms according to the ability and agreement of the parties in the musharaka. This study formulates the problem (1) What is the form of the Ammana.id platform p2p lending sharia product contract? and (2) how is the Ammana.id platform sharia p2p lending product law in terms of islamic law? Ammana.id is present as a Sharia P2P (Peer to Peer) lending company with a non-direct funding system, where MSME actors are required to become part/members of micro sharia finance partners registered with Ammana.id which function as a curation institution for MSME business feasibility. which will be co-funded with lenders/funders through a crowdfunding/co-funding scheme through fintech applications.