Post-BRSA Regulation Saving Financing System (TFS/SFS) from the Perspective of Islamic Finance

People have basic needs, such as a home and a car, to meet to live a good life. Although individual savings are often the primary source of the money needed to purchase these products, other financing methods are also available. Conventional bank loans are the first of these methods. On the other hand, alternative finance methods may be favored for religious reasons. One of these, the savings finance system (SFS), stands out as an institution that assesses and organizes the savings that people want to accumulate to meet their basic requirements. The fiqh status of this system, which many people have preferred over time, has been the subject of various studies. On the other hand, these studies belong to the legal regulation made in 2021. Therefore, it is necessary to re-examine the system, considering the new regulation, where essential regulations regarding the functioning are made. In this article, written for this purpose, the system has been examined in terms of investors' status and the company's internal structure.