The Implementation of Sharia Principle in Bank Products as Corporate Identity of Sharia Bank

This research aimed at describing the effect of implementing sharia principle in substance and structure of sharia banking legal system on sharia bank products in Indonesia and formulating the implementation model of sharia principles on sharia bank products associated with the corporate identity of sharia banks in Indonesia. This research used descriptive analytical with a normative juridical approach with documentation study, interviews, and FGD as data collection techniques, and normative qualitative methods as data analysis technique. The result showed that the influence of implementing sharia principle on legal system including sharia banks’ substance and structure towards sharia banks products in Indonesia was very large. Regarding substance, the implementation of sharia principle on products could result in invalid transactions. Regarding structure, the effect of implementing sharia principles on products could weaken the authority of DSN-MUI and DPS as a reference institution in the implementation of sharia principles in banking. The implementation model of sharia principles on sharia bank products currently maintains a good corporate identity of sharia banks, but in practice it still does not reflect the expected