'Faculty of Agriculture, Sebelas Maret University'
Abstract
Writing This article aims to identify the Auction as Instruments Mortgage Guarantee in the sale of goods when viewed under Islamic law as a result of a default or fail to pay. The development of economic law of Islam in Indonesia one of them in Islamic banking with bail bonding process carried out so far based on the principles of Islamic finance with binding rules which guarantee fixed by the Conventional Law 4 of 1996 About Mortgage. Conducting comparative law governing with and viewed as normative analysis of collateral Mortgage is done based on the rule of Islamic law based on the Quran, Al Hadith, Ijma\u27. Auction Application of collateral Mortgage there needs to be adjustments in particular, in making binding guarantee for Islamic finance in order to guarantee through the Auction Sale of Goods that can be done right and legal under Islamic law perspective