The repurchase agreement (Repo) is a trade provided that the goods sold can be repurchased by the seller when the additional time indicated has arrived. As part of the contract of buy-back of fiqh muamalat (repo) or buyout is in accordance with the agreement bai` alwafa . The scholars fiqh different opinions on this trade. In the fatwa of the Academy of Fiqh OKI No. 66 the substance of bai` alwafa is a loan of interest and includes the path of riba hillah and is not true in Islam. MUI as a collective Muslim leadership organization, by DSN feels necessary and obliged to answer questions, especially those related to economic problems facing the community today, in this case the legal status of the pension contract (repo). Numbered in its fatwa: 94/DSN-MUI/IV/2014 on sharia Securities` pension contract (Repo). The National Sharia Council notes by its fatwa that the buy-back contract (Repo) is authorized (mub`s). The type of research used is library search.
The problem of this study is treated with the norms of Islamic law, in this case the law of Islamic contracts is judged on the regulation of the existence of a buy-back contract (repo) by the law of Islamic contracts. It is then analysed according to the theoretical framework used. The nature of this research is analytical descriptor, namely the description and decryption of the legal Istinbes used by the MUI fatwa on Repurchase Agreement (repo). The results show that pension transactions (repo) are a form of buying and selling that has developed today and, of course, the agreement (agremeent) is an absolute requirement that must be taken into account, so that DSN`s pension (repo) transactions are allowed because no party is harmed, in fact, it is very advantageous for both parties. However, DSN does not provide detailed terms and restrictions that should not be violated. The confidence aspect is an important element of each transaction, so all parties to retirement operations (repo) should be able to act with confidence in the performance of their obligations. The capital market is a public financial institution that is a collection location for capital market players whose activities consist of securities. The trading of the securities in question is a sale and purchase of securities in the form of equity or debt securities. On the basis of Law No.
8 of 1995 (Capital Markets Act), Article 1, paragraph 14, the capital market is an activity that refers to the public offering of securities, public companies related to issued securities, and securities-related institutions and professions. In this case, there are still many ambiguous and legal uncertainties in the area of capital markets, particularly in the context of the renu scaling operation.