Shaping the future of shariah compliance ar-rahn through price estimator machine
Keywords:
Shariah, Ar-Rahn, EstimatorAbstract
Ar-rahn activity is a way to get cash. One of its processes is estimating the marhūn price. However, the price estimation in current application is based on the market price or the listed-official prices. Many researches have criticized this way as it leads to estimation mistake due to human error. Based on the invention of price estimator machine, this research aims to shape the future of Sharia compliance rahn that employ artificial technology to minimize human error. This study is normative and experimental discussion. It analyzed qualitatively through various data collected from primary (the experimented-price estimator) and secondary (journals, patents, research reports, legal texts) sources. Based on the experiment of the price estimator, the estimation of pawned-object could be done accurately. Thus, this machine could be involved in ar-rahn activity to ease the ar-rahn mechanism. This study could be very useful in financing industry such as Islamic Pawnshop or Conventional Pawnshop. Especially in this context is its usage in Indonesia.
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