This study is about the role of rahn contracts in financing micro, small, and medium enterprises (MSMEs), which aims to increase the effectiveness of the use of rahn contracts in supporting access to sharia financing. The method used in this study is a descriptive qualitative approach through a study of relevant literature. The results of the study indicate that rahn contracts play a very important role in opening access to micro financing for MSME actors, especially through Islamic financial institutions such as Islamic pawnshops and Baitul Maal Wat Tamwil (BMT). In recent years, the use of rahn contracts has increased significantly because it is considered capable of providing fast, flexible financing solutions that are in accordance with the principles of justice and sharia. Rahn is an inclusive alternative for MSMEs that do not have fixed collateral and have difficulty accessing conventional financing.Keywords : Fiqh Muamalah, Islamic Finance, Microfinance, MSMEs, Rahn Contract

This study analyzes the concept of profit margin determination in murabahah contracts from the perspective of fiqh muamalah. Murabahah, as a widely used financing instrument in Islamic financial institutions, often encounters controversy due to the practice of setting margins based on conventional interest benchmarks such as the BI Rate. This raises concerns about its compliance with sharia principles. Using a qualitative approach through literature review, the study examines classical and contemporary fiqh views, regulatory fatwas, and empirical findings on margin determination practices. The results show that while murabahah is legally valid under Islamic law, the current implementation in many institutions deviates from its original intent, particularly regarding transparency, fairness, and independence from riba-based benchmarks. The study recommends a cost-plus pricing model that incorporates real operational costs, transaction risk, and maqashid al-shari’ah considerations. It also emphasizes the need to enhance the role of Sharia Supervisory Boards and issue regulatory guidelines to ensure margin setting aligns with Islamic ethical standards. This research contributes to the discourse on aligning modern Islamic financial practices with the foundational values of justice, transparency, and public interest in Islamic economics.Keywords: fiqh muamalah, Islamic finance, margin, murabahah, sharia compliance