Standardization of Murabahah Products in Sharia Banking Business on Bank NTB Sharia

Abstract

Murabaha financing mechanism does not guarantee practice in the field in accordance with the provisions and sharia standards and applicable laws and regulations. Therefore we need a product standard based on uniformity of murabaha contract standards in all Islamic financial institutions. Permaslahan this research about regulating the standardization of murabaha contract products in Islamic banking in Indonesia and the standard form of murabaha contract products of Bank NTB Syariah. The purpose of the study is analyzing the legal arrangements for murabahah financing contract product standards and analyzing the substance of the murabahah product standards for Bank NTB Syariah. Normative juridical research methods. The research approach uses the law approach and concept approach. Types and sources of legal research materials using primary, secondary and tertiary legal sources. The technique of collecting legal materials uses document study and analysis of legal materials. The results of the analysis of the study, first in the order of legal arrangements for the standardization of murabaha contract products are regulated in Act Number 21 of 2008 concerning Sharia Banking Article 26 (1) that all forms of Islamic bank activities must be based on Sharia Principles specifically regulated in the National Sharia Council Fatwa NO: 04 / DSN-MUI / IV / 2000 Concerning Murabaha. Second, in the Murabahah Sharia Banking Product Standard Book, it contains all the provisions regarding murabahah contracts. Bank NTB Syariah states that the product standards used are in accordance with the Murabahah Banking Product Standards Manual based on the contract attached in this study. But there needs to be a special standard that regulates the standardization of murabaha products in the form of laws and regulations. Keyword s: Standardization, Murabaha, Islamic Banking DOI : 10.7176/JLPG/91-09 Publication date: November 30 th 2019