Taking Over Consumptive Loans Without Collateral: (Research Study on Bank Syariah Mandiri Lhokseumawe)

The title of this research is taking over consumptive loans without collateral; (research study on Bank Syariah Mandiri Lhokseumawe). approach method used a qualitative descriptive approach. results the study, implementation takeover Multipurpose Micro credit to financing (BSM) by using murabahah contract carried out BSM Lhokseumawe Branch did not meet pillars and requirements stipulated in Sharia Economic Law Compilation. In conversion process, it prioritizes benefit aspect, namely leaving disadvantages interest-based banking system towards Islamic banks accordance with sharia principles. Expecting importance fulfilling principles process collateral from conventional into products, DSN-MUI needs issue fatwa regulate products.Keywords: consumer credit; financing; law, murabahah; financial institution qanun.