Analysis of the Claim Process Mechanism for Kafalah Financing Products in Mortgage Housing Liquidity Facilities (FLPP) at PT. Jamkrindo Sharia Medan Branch

Syahputri, Rima Rizki and Yafiz, Muhammad (2023) Analysis of the Claim Process Mechanism for Kafalah Financing Products in Mortgage Housing Liquidity Facilities (FLPP) at PT. Jamkrindo Sharia Medan Branch. Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE), 6 (2). pp. 725-740. ISSN 2621-606X

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Abstract

One of the mortgages offered by banks is the KPR Sejahtera in the form of the Housing Finance Liquidity Facility or FLPP. Low-interest rates and simple monthly payments are features of the FLPP, a co-ownership credit arrangement for public housing. PT Jamkrindo Syariah is one of the third parties needed in this situation to guarantee the security and protection of the houses that have been credited. With this guarantee, the Bank can market FLPP KPR (mortgage) products to prospective customers by positioning existing collateral as a product benefit because it can relieve stress for customers because they are worried about what they will have to pay for their families in the future if this happens. risks, such as death, materialize. The question posed in this research is how should the Bank issue a guarantee claim to Jamsyar and what conditions must be met before submitting a guarantee claim. Finding out how to submit a bank financing guarantee claim to Jamsyar is the focus of this research. This research is descriptive qualitative research using interview and documentation data collection methods. Sources of data were received through literature studies and interviews. Based on the results of research at the PT Jamkrindo Syariah Medan branch, the procedures that must be carried out by the Bank before submitting a claim are as follows: First, the bank conducts an analysis to determine whether the customer’s financing is included in collectibility 4 or the category is doubtful. Second, the claim submission letter and supporting documents must be sent by the Bank to Jamsyar no later than 2 (two) months after the claim right is realized. Third, Jamsyar will review the claim submission file after receiving all the data or documents needed to submit a claim and ensure that all requirements are met, if the risk of loss of financing that occurs is included in the guaranteed risk, the guarantor must give approval and carry out claim payments.

Jenis Item:	Artikel
Uncontrolled Keywords:	Funding Mechanisms, Claims, Housing, FLPP
Subjects:	300 Social sciences > 340 Law > 346 Private law
Divisions:	Artikel (Jurnal, Koran, Majalah)
Pengguna yang mendeposit:	Mrs. Nur Fauziah Utami
Date Deposited:	15 Dec 2023 14:31
Last Modified:	15 Dec 2023 14:31
URI:	http://repository.uinsu.ac.id/id/eprint/21695

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