Murabaha Contract Research Articles

Murabahah contract in subsidized home ownership financing deed by notary in Bogor district

Akad Murabahah is a contract that finances an item by describing its purchase price to the buyer and asking the buyer to pay a higher price according to the agreed profit. The purpose of this research is to know and analyze the role of Notary in making a deed of financing subsidized home ownership and to know and analyze the murabaha contract in the deed of financing subsidized home ownership by notaries in Bogor Regency. This research uses normative legal research methods with the approach of legislation, norms, and doctrine as the main study, but is also supported by empirical approaches such as interviews to complement existing juridical data. The results of the study found that the role of notaries in making deeds of financing subsidized houses with murabaha contracts has not been widely carried out by Islamic banks, notaries in this case public officials who make deeds play more of a role in making ordinary commercial house financing. whereas when houses are subsidized, not many Islamic bank partners use notaries. Currently, the murabahah contract is still the choice of customers in buying houses at Islamic banks, because the margins offered by banks are not large and certain. However, there is a need for a kaffah concept of Islamic law in making deeds, for this reason this research is expected to conceptualize the anatomy of a murabahah contract based on applicable legal principles and Islamic legal values.

Praktek Jual Beli di Toko Anugrah Perspektif Ekonomi Syariah

Everyone will definitely need other people. More so in terms of human needs. one of them is in the field of trade related to materials. One of them is in the Anugrah Shop. The buying and selling practices carried out at Toko Anugrah have been running for a long time. How to do it is by observation, interviews, and documentation used to collect data. The tool used is the interview guide as the main tool. Data processing begins with data collection, data reduction, data organisation, and data validation. Triangulation techniques were used when testing the validity of the data. The results of the study state that this research aims to explore the practice of buying and selling at Toko Anugrah from the perspective of Islamic economics. Islamic economics emphasises the principles of fairness, transparency, and halalness in every transaction. This study explains how Toko Anugrah applies these principles in its daily operations, particularly in pricing, quality of goods, and the contract process. Through the implementation of the murabaha contract, this shop sells goods with a clear profit margin without the element of usury. The return policy is also set fairly, ensuring customer satisfaction and trust. The results show that the buying and selling practices at Toko Anugrah not only increase customer trust but also provide sustainable profits and blessings for the store.

Penerapan Akad Murabahah di PT. BANK SYARIAH KCP MEDAN Padang Bulan

Sharia banks are currently on the rise and have become a reference for the public. One of them is 4.444 loans with a profit sharing system. Therefore, various sharia banking products, including the application of Murabahah contracts to PT financing products, must be understood by the wider community. Sharia People's Financial BANK SHARIA INDONESIA KCP MEDAN PADANG BULAN. This article explains the introduction of Murabahah contracts in PT loan products. People's Sharia Financial BSI KCP MEDAN PADANG BULAN This article uses qualitative research, collecting data through online interviews with PT manager BANK SHARIA INDONESIA KCP MEDAN PADANG BULAN. The result of this research is the application of a financing contract, namely the Murabaha contract, namely a contract for buying and selling goods at the original price with additional agreed profits. Technically, Sharia Banking Murabahah is defined as an agreement agreed between a sharia bank and a customer where the bank provides financing for the purchase of raw materials and other working capital needed by the custome.

Implementasi Akad Murabahah di BNU’26 Magelang

This research focuses on implementing the Murabaha contract in BNU'26 Magelang District, the only community bank in Indonesia. BNU's problems in implementing the concept of pure Sharia are related to the constraints of banking laws prohibiting direct transactions. Therefore, to carry out Murabaha transactions, BNU has to partner with suppliers of goods. The second problem is more customer understanding of the Murabaha contract. This research was conducted at BNU'26 Magelang using a qualitative method. Data was collected through interviews. The results of this study indicate that murabaha financing uses murabaha bil wakalah, where the bank does not provide goods directly. Alternatively, the bank works with other parties to provide goods used as Murabaha financing to customers.

Implementation of the Murabahah Agreement in Financing Pension Funds at Bank Syariah Indonesia RFO Bandung

Islamic banks are financial institutions that mediate the liquidity needs of society through various products and services. Islamic banking products are increasingly developing and competitive, including pension financing products, namely consumer financing which is only offered to retired workers (PNS, BUMN or BUMD) or retired widows. Pension financing is a low-risk type of financing. The evolution of BSI RFO Bandung pension fund customers has had its ups and downs. In this research, the problem is formulated how the pension financing mechanism is at BSI RFO Bandung and how is the implementation of the Murabahah contract in pension financing at BSI RFO Bandung. The purpose of this study is to describe the pension financing mechanism at BSI RFO Bandung and describe the application of a murabaha contract in pension financing at BSI RFO Bandung. bank, data checking/verification of data to obtain correctness of data completeness, field surveys with the 5C principle, evaluation of financing needs and decisions, execution of contracts and binding of collateral, and disbursement of financing. This study also found that the murabaha contract process for pension financing products is in accordance with the fatwa of the National Sharia Council (DSN) of the Indonesian Ulema Council (MUI) No: 04/DSNMUI/IV/2000, concerning general provisions for murabahah financing and several provisions related to implementation and standard SOPs. murabahah financing by the Financial Services Authority.

Murabaha Contract Dispute Resolution Procedure

This study is to analyze the pattern of dispute resolution in Murabahah contracts in Islamic banking. The results show that there are several commonly used dispute resolution patterns, including negotiation, mediation, and arbitration. Factors that influence the outcome of dispute resolution include trust, communication and fairness. This research provides an in-depth understanding of dispute resolution patterns in Murabahah contracts and can be a reference for Islamic banks in resolving disputes that arise. The purpose of this study is to identify and analyze the pattern of dispute resolution in Murabahah contracts in Islamic banking. This study also aims to understand the factors that influence the results of dispute resolution and provide recommendations for Islamic banking in overcoming disputes that arise. The problem to be answered in this research is how the pattern of dispute resolution in the Murabahah contract in Islamic banking. This research uses a descriptive qualitative method with an interpretative approach. Data were obtained through literature studies and document analysis related to dispute resolution in Murabahah contracts. The interpretative approach is used to understand and analyze the pattern of dispute resolution in depth, as well as the factors that influence the outcome of dispute resolution. Based on the analysis, it can be concluded that the pattern of dispute resolution in Murabahah contracts in Islamic banking includes negotiation, mediation, arbitration, and reconciliation. Factors such as trust, communication, fairness, and understanding of sharia principles influence the outcome of dispute resolution.

Analysis of Financing with Murabahah Agreements

One of the financial institutions that operates with the sharia concept is the Baytul Ikhtiar Sharia Financing Savings and Loans Cooperative (KSPPS). In terms of legality, KSPPS Baytul Ikhtiar has a legal entity: 518/169/BH/KPTS/KKUKM/2008. Based on the decision of the Minister of Cooperatives and Small and Medium Enterprises of the Republic of Indonesia Number 11/PER/M.KUKM/XII/2017 concerning the Implementation of savings and loan business activities and sharia financing by cooperatives which provides the understanding that KSPPS Baytul Ikhtiar is a cooperative whose business activities are carried out in in the fields of financing, investment and savings according to the profit sharing pattern (syariah). One of the contracts used by KSPPS Baytul Ikhtiar in buying and selling based financing transactions is Murabahah. Murabahah is a sale and purchase contract where the institution acts as the seller and the customer as the buyer. The aim of the research is to determine the implementation of murabahah financing at KSPPS Baytul Ikhtiar. This research method includes a type of field research with a descriptive analytical approach to present the data obtained in the field and then analyze it and reach conclusions. The results of the research show that the implementation of murabahah financing products at KSPPS Baytul Ikhtir is in accordance with sharia principles because they have implemented a murabaha contract although there are still things that must strictly comply with these principles.
 
 Keywords: Murabah Agreement . Financing

IMPLEMENTASI AKAD MURABAHAH DAN PERMASALAHANNYA DALAM PERBANKAN SYARIAH

Murabahah is a sale and purchase contract with additional profits in accordance with the agreement. This study aims to further analyze the application of murabaha contracts in Islamic banking, as well as answer how the murabaha concept actually is and then look at the implementation of murabaha financing in banks whether it is appropriate based on sharia principles or not. This study used a qualitative descriptive research method through a library study data collection technique. As for the discrepancies found in the application of murabahah financing in Islamic banking, namely regarding violations related to milkiyah requirements. The results of the study show that the implementation of murabahah contract financing does not meet the pillars and conditions of sale and purchase in accordance with sharia principles. If the bank wishes to represent the customer, the solution is that the item must change ownership, the object of the transaction must be fully controlled by the bank before making a transaction.

IMPLEMENTATION OF MUSHARAKAH CONTRACT IN FINANCING PRODUCTS WORKING CAPITAL AT BANK PANIN DUBAI SYARIAH BRANCH MAKASSAR

The development of the Islamic finance industry continues to experience good the choice of Islamic financial products is increasingly diverse. Sharia bank financing products consist of buying and selling, leasing, and profit-sharing schemes. Financing in Islamic banks is still dominated by consumptive financing with Murabaha contracts. Islamic banks have financing products with profit-sharing schemes that can be used for productive financing. This study aims to describe the application of musyarakah contracts in working capital financing at Bank Panin Dubai Syariah Branch Makassar. As well as outlining the application of the musyarakah contract in conformity with sharia principles. The research method used is qualitative research with field research, related to musyarakah contract financing for working capital at Bank Panin Dubai Syariah Makassar. The data sources used are primary data, data obtained directly by interviews, and secondary data from data previously presented. Data collection techniques by direct interviews with parties related to musyarakah financing and through documentation from several relevant sources. The data analysis technique used is descriptive qualitative which describes the application of musyarakah contracts in working capital financing at Bank Panin Dubai Syariah. The study results show that applying a musyarakah contract for working capital is adjusted to the type of business owned by the customer. Financing intended for a project provided that both the bank and the customer contribute capital to run a business project with profits divided according to the capital contribution portion (nisbah). The application of the musyarakah contract for working capital financing at Bank Panin Dubai Syariah branch Makassar is by Sharia principles.

EVALUATING NPF OF MURABAHA SETTLEMENT STRATEGY: PERSPECTIVE OF RISK MANAGEMENT AND DSN MUI'S FATWA

Non-Performing Financing (NPF) is one of the indicators in evaluating bank performance. Financing products with murabaha contracts are one of the products that dominate the Islamic banking industry where the percentage of its NPF will also affect profits. This study examines the strategy implemented by one of the Bank Syariah Indonesia (BSI) Area Office in Aceh Province towards Murabaha NPF from two perspectives, risk management and Fatwa DSN-MUI using a descriptive approach. The results conclude that in handling NPF, banks begin with negotiation/mediation approach, then gradually rescheduling, restructuring, reconditioning, execution of collateral/auctions and litigation. Those steps are in accordance with risk management concept in terms of preventing NPF and consistent with Fatwa DSN-MUI in terms of NPF settlement. However, among the obstacles are bad character debtors so that the settlement process will take a long period of time and keep being suspended. This is certainly a significant viewpoint for banks that educating and socializing the management of financing must be explained from the beginning and ensure that debtors understand all related applicable bank regulations.
 Keywords: Murabaha Financing, Non-Performing Financing, Risk Management, Fatwa DSN-MUI, Islamic Banks

PRESEPSI DEVELOPER PROPERTI SYARI'AH TERHADAP PEMBIAYAAN KPR AKAD MURABAHAH PADA PERBANKAN SYARI'AH DI KOTA KENDARI

This study aims to analyze the perceptions of property developers towards the practice of murabaha contract KPR financing in Islamic banking in Kendari City. Qualitative research with an explanatory approach with an in-depth interview method with informants, namely Islamic property developers who run a house buying and selling business in Kendari city, resulted in research conclusions showing that Islamic property developers perceive the practice of murabaha contract KPR financing in Islamic banking to contain several problems. From the aspect of the perpetrator, it is considered that it does not fulfill the pillars of buying and selling; when the transaction agreement, the fact that a house has been sold that has not been owned, financing by the bank is more accurately called a loan contract than a sale and purchase so that the margin is more like usury; the use of the house (the object of buying and selling) as collateral has violated the principle of transferring ownership; late fees are the same as usury; and the application of life and fire insurance contains gharar, speculation, violates the principles of tabarru' and dhaman, and there are two contracts in one transaction.

Implementasi Karakteristik Akad Murabahah pada Produk Pembiayaan KBB (Kendaraan Bermotor Barokah) di BMT UGT Nusantara Capem Socah

The development of Islamic banking has made many Islamic banks appear, including conventional banks, to participate in opening Islamic banking services, so that the use of murabahah contracts is increasingly used. However, the reality on the ground is that many people do not understand the implementation of murabahah contracts, so that many people still think that the practices of Islamic banks and Islamic financial institutions are not much different from those of conventional banks. BMT UGT Nusantara Capem Socah provides a variety of financing products that use murabahah contracts, one of which is KBB (Barokah Motorized Vehicles), where the characteristics of the implementation of this financing BMT provides goods that customers want which are obtained from dealers directly by BMT, then sold to customers by informing the price acquisition plus profits according to the agreement between the BMT and the customer. This research uses a qualitative approach to the type of descriptive research. Data collection techniques through interviews, documentation and literature studies. The results of the study show that the implementation of the characteristics of a murabaha contract in KBB financing at BMT UGT Nusantara Capem Socah is in line with the principle of a Murabahah contract which makes BMT a supplier of goods which is used as the object of a murabaha contract that sells goods with legal ownership status, then sells them to customers at the cost price. plus profits according to the agreement of both parties and in its application using the first type, namely the consistent type of muamalah fiqh.

Договор исламской рассрочки (мурабаха): понятие, существенные условия и сравнительно-правовой анализ

The authors subject to legal analysis one of the varieties of Islamic financial transactions — the Murabaha contract. At the same time, the legal characterisation of the Murabaha treaty is given from the standpoint of Islamic law in the comparative context of Russian law. In this connection, the purpose of the work is to characterise the murabaha contract, its essential conditions and to identify the main criteria for similarities and differences in approaches to this type of transactions in Islamic law and Russian civil legislation. The main difference between murabaha contracts and a contract of sale with instalment payment under Russian law is that, according to Russian law, the goods are considered sold to the buyer on credit, i.e. such a transaction implies a loan element and the possibility of obligating the buyer to pay interest on the overdue amount (Article 488 of the Civil Code), which, in turn, is forbidden by sharia. The murabaha contract refers to a type of transaction between the parties in which the sale of goods at a price equal to the purchase price plus a certain agreed margin occurs. Such contract involves no hidden interest, fines, penalties and commissions, i.e. there is no place for usury (riba). All this guarantees minimisation of the risks of disputes for both parties as much as possible, assumes the good faith of the participants in the transaction, which increases the confidence of the parties to each other and to the business as a whole. In this connection, such a financial model is defined as ethical financing.

Application of Murabahah Agreement in Griya Takeover Financing (Case Study at BSI Sub Branch Office Kuta)

Griya Takeover Financing is one of the financing companies owned by BSI KCP Kuta to meet customers' financial needs. However, this financing often encounters problems in the takeover process. The aims of this study are: to find out the factors that lead to a murabahah contract in the financing of a takeover griya at BSI KCP Kuta and to find out the process of financing the griya takeover at BSI KCP Kuta. The research method used is a descriptive qualitative method with data collection techniques through observation, interviews, and documentation. The data analysis technique used is the Miles and Huberman model, which includes data collection, data reduction, data presentation, and data verification. data validity technique with the triangulation technique. The results of the study found: 1) There are factors that cause a murabaha contract to occur, namely the presence of the object of the contract; 2) The murabaha contract process by submitting asset documents to the consumer as a sign of consent qabul with the consumer. And financing for takeover houses that are free from usury in accordance with the Fatwa of the National Sharia Council, MUI No.04/DSN-MUI/IV/2000, dated April 1, 2000, conceming murabaha.; 3) The process of financing takeover housing includes BSI having the terms and benefits of financing takeover housing. To attract consumer, as well as with light installments, one of the benefits of takeover financing at BSI is that consumers still feel able to meet other needs.

Penerapan Akad Murabahah Pada Pembiayaan Griya Takeover (Studi Kasus di Bank Syariah Indonesia KCP Kuta)

The aims of this study are, to find out the factors that lead to a murabahah contract in the financing of a takeover griya at BSI KCP Kuta, to find out the murabaahah contract process for financing a takeover house at BSI KCP Kuta and, to find out the process of financing the griya takeover at BSI KCP Kuta. The research method used is a descriptive qualitative method with data collection techniques through observation, interviews, and documentation. The data analysis technique used is the Miles and Huberman model, which includes data collection, data reduction, data presentation, and data verification. data validity technique with the triangulation technique. The results of the study found, there are factors that cause a murabaha contract to occur, namely the presence of the object of the contract. The murabaha contract process by submitting asset documents to the consumer as a sign of consent qabul with the consumer. And financing for takeover houses that are free from usury in accordance with the Fatwa of the National Sharia Council, MUI No.04/DSN-MUI/IV/2000, dated April 1, 2000, conceming murabaha. The process of financing takeover housing includes BSI having the terms and benefits of financing takeover housing. To attract consumer, as well as with light installments, one of the benefits of takeover financing at BSI is that consumers still feel able to meet other needs.
 

ANALISIS IMPLEMENTASI PENETAPAN MARGIN PADA PRODUK PEMBIAYAAN KENDARAAN BERMOTOR KHUSUS ASN MELALUI AKAD MURABAHAH DALAM PERSPEKTIF FIQH MUAMALAH DI PT. BANK SUMUT SYARIAH KANTOR CABANG PEMATANG SIANTAR

This study aims to determine the implementation of setting margins on motor vehicle financing products specifically for ASN through murabaha contracts in the perspective of fiqh muamalah. This study uses a descriptive qualitative approach. Sources of data obtained through primary and secondary data, for data collection using observation, interviews and documentation. The results of this study are that in financing murabahah contracts at Bank Sumut Syariah, Pematang Siantar Branch, in implementing the margin, it is in accordance with the principle of permissibility in determining the magin. But in financing murabahah contracts for motorized vehicle products specifically for ASN, this is not in accordance with the principles of fiqh muamalah perspective, namely the principle of justice, because the determination of the profit margin is not explained in detail so that customers only know the selling price and purchase price without knowing the margin set by Bank Sumut. Sharia Branch of Pematang Siantar.

Analisis Perjanjian Kredit Syariah Dikaitkan Dengan Mekanisme Penyelesaian Sengketa di PNM Mekaar Syariah

This study explains how dispute resolution in PNM Mekaar Syariah is based on the agreement. This study uses an empirical juridical legal research method with a descriptive analytical legal research type. Primary data is obtained directly from the source through interviews, observations, and unofficial reports which the author then processes. Then secondary data comes from books and laws, and regulations. An agreement is an agreement between two or more parties to do something. In Islamic Law, this agreement is called akad. There are many types of contracts in Islamic Law, such as Murabahah Contracts and Wakalah Contracts. This study discusses sharia credit agreements that use Akad Wakalah and Akad Murabahah which are then linked to the dispute resolution mechanism at PNM Mekaar Syariah. There is a combination of a wakalah contract and a murabaha contract which can reduce the meaning of the murabaha contract itself. However, inclusion of a wakalah contract in murabahah financing becomes valid if the authorization (wakalah) is made before murabahah financing occurs. The contents of the contract must include a dispute resolution mechanism, if a dispute occurs it must be resolved in accordance with the contents of the contract agreed upon by the parties to the contract. Deliberation is the first step in resolving disputes at PNM Mekaar Syariah, if the deliberation is not successful then it will be followed by making a lawsuit to the Religious Court. PNM Mekaar Syariah uses the Islamic legal system which makes its dispute resolution through the Religious Courts.

Islamic banks' commitment to Sharia controls (Murabaha contracts, Ijarah contracts) Status (Banks working in Jordan)

This study focused on Islamic banks' adherence to Sharia controls when executing contracts, and the focus was on the most common debt contracts, which are contracts that all banks (Islamic and conventional banks) compete for. What distinguishes Islamic banks from traditional ones is the commitment to Sharia controls in Islamic banks. The most important results were that the motive for dealing with Islamic banks is religious motive, and that Islamic banks adhere to Sharia controls when drafting contracts, but their employees do not adhere to these controls when executing contracts. Islamic banks focus their investment efforts on debt contracts and on the youth category with fixed incomes, least riskiness, and not to focus on other Islamic contracts (Mudarabah, Musharaka, ...) that are riskier. There is no relationship between the type of contract and the extent of compliance with Sharia controls when executing contracts in Islamic banks.

Pengaruh Pembiayaan Mitraguna Berkah Dengan Akad Murabahah Terhadap Kesejahteraan Pegawai Negeri Sipil Kabupaten Aceh Singkil

Banking institutions have the function of collecting and distributing public funds, with reference to the BSI KCP Singkil bank with a sharia system that uses a murabaha contract, so that the existence of partner-to-blessing financing as a welfare effort for Civil Servants (PNS), causes controversy with the concept of conventional banks with a system interest with its murabahah concept. This study aims to determine the financing of Mitraguna Blessing with a murabaha contract for the welfare of Civil Servants (PNS) of Aceh Singkil Regency in Islamic banking. This research is a type of field research (field research) which is descriptive qualitative, data collection using interview techniques Bank BSI KCP Singkil. The results of this study: 1). Most customers from civil servants in Aceh Singkil district take out the BSI Singkil blessing partnership financing with the aim of improving their lives, such as building a place of business, buying garden land, building a house, renovating a place of business or renovating a house and buying a vehicle. 2). Mitraguna Berkah Financing with a Murabahah Agreement Bank Syariah Indonesia, Tbk. for civil servants at the stage of the disbursement process, the use of this murabaha contract is in accordance with the legal basis both in sharia and positive law.

The Application of 5C Analysis on the Micro People’s Business Credits Financing with Murabaha contract in Sharia Bank of Indonesia Buah Batu 2 Branch Office

Based on the results of observation and interviews, the background of this research is the fluctuation of the clients’ late-paid installment data due to the bank’s improper in analyzing potential clients. Therefore, the bank applied a 5C analysis method to prevent the clients’ failed and/or late payments at the Sharia Bank of Indonesia (BSI) Buah Batu 2 branch office. This research aims to discover how to apply the 5C principle on micro People’s Business Credits (KUR) financing at the Sharia Bank of Indonesia (BSI) Buah Batu 2 branch office. The descriptive qualitative method is applied to this research with the 5C principle as the object. Furthermore, observation, interviews, literature review, and documentation are the techniques used to collect this research’s primary data.The research findings lead to the conclusion, that is, the application of 5C analysis has been implemented by the bank before they approved the financing. Nevertheless, the bank still gets a problem in observing the character aspect of the clients for the reason that one’s character is way too complex and difficult to observe. Moreover, there are three points for the aspects of character, three points for the aspects of capacity, five points for the capital aspects, six points for the collateral aspects, and lastly, two points for the condition aspects.