Murabaha Contract Research Articles

Risk Management Analysis of Future Package Financing (PMD) with a Murabaha Contract at PT. Bank BTPN Syariah Rantau Prapat Branch Office

This study aims to analyze the risk management of the Future Package (PMD) financing with a Murabaha contract at PT. Bank BTPN Syariah Rantau Prapat Branch Office. PMD is one of the financing products offered by Islamic banks, and a Murabahah contract is one of the financing mechanisms in the Islamic banking system. The research method used is a case study with a qualitative approach. Data was collected through interviews with related parties at PT. Bank BTPN Syariah Rantau Prapat Branch Office and analysis of documents related to risk management. The results of the research show that PT. Bank BTPN Syariah Rantau Prapat Branch Office has implemented good risk management in PMD financing with a Murabahah contract. The identified risks, such as credit risk, liquidity risk, operational risk and market risk, have been properly managed through various policies and procedures that have been established. However, there are several challenges faced by banks in managing PMD financing risks with Murabaha contracts, such as market fluctuations and regulatory changes that affect the Islamic banking business. This research is expected to contribute to the development of PMD financing risk management with a Murabaha contract at PT. Bank BTPN Syariah and provide insights for other Islamic financial institutions in managing risk more effectively and efficiently.

An Overview of Islamic Accounting: The Murabaha Contract

The purpose of this study is to consider the events leading to the development of modern accounting standards for Islamic banks and, thereafter, to consider the accounting process and related impact on the financial statements for the Murabaha contract. A qualitative review of the available literature was conducted to meet this purpose. First, the influence of culture on accounting is considered, and after that, the historical development of Islamic accounting is explored. Next, the modern development in Islamic accounting is explained. The discussion then summarizes the contracts used by Islamic banks, with a particular focus on the Murabaha contract as it is the most widely used contract. The structure of the Murabaha contract is detailed, along with the criticisms found in the literature. Thereafter, the accounting treatment of the Murabaha contract is highlighted, followed by a simulation to illustrate the accounting process and its impact on the financial statements. This study contributes to the debate about the need for Islamic accounting standards as it relates to Islamic financial institutions.

Implementasi Manajemen Risiko Pembiayaan Murabahah bil Wakalah pada Peternak Sapi

The principle of buying and selling allows the distribution of funds through istishna, murabaha, or salam contracts. Murabahah is a popular method used in the economic activities of cattle breeders in Jabung (buying and selling). However, this type of financing still has potential risks. Therefore, risk management is a necessary stage to anticipate all possibilities that may arise. A case-study qualitative approach was adopted in this study. The primary data to be used is in the form of field documentation, interviews, and direct observation. BMT, AO, and SPV managers were the main interview respondents. The stages in this study consisted of data reduction and drawing conclusions. As for the validity of the data, the source triangulation technique was used. The results of the study found that there was murabahah bil wakalah financing in the activity of buying and selling livestock products (cattle) in Jabung. The financing begins with a murabaha contract and ends with a wakalah contract. However, this process is not in line with the Fatwa of the Sharia Council regarding murabahah bil wakalah. In addition, the management process assisted by BMT al-Hijrah includes planning, implementation, monitoring, and controlling. In addition, risk management includes risk management efforts during the murabahah bil wakalah financing process. The process includes risk identification, which is then handled by way of risk allocation to other parties through external cooperation.

Authority of the Notary in Making Murabahah Deeds

The background of this research is that there are notaries who still make sharia contracts without paying attention to or in accordance with sharia principles, especially for non-Muslim notaries. The purpose of this study is to provide an understanding of the authority of a notary in making a murabaha contract deed in Islamic banks. This research, which uses normative legal research methods with a statute legal approach and conceptual approach, resulted in the following findings: first, with regard to the legal requirements of the agreement in making a murabaha contract deed by taking into account sharia principles; and second, with regard to the professional code of ethics of a notary.

FAKTOR INTERNAL DAN EKSTERNAL YANG MEMPENGARUHI MARGIN DALAM PEMBIAYAAN AKAD MURABAHAH PADA BANK SYARIAH DI INDONESIA

This study aims to determine the relationship and influence between internal and external factors that affect margins in financing murabaha contracts in Islamic banks in Indonesia. The type of research used in this research is quantitative research. The data used in this research is time series data for the period January 2021-2023.. The population used in this study is the financial report data of Bank Syariah Indonesia Iskandar Muda Kcp. While the sample in this study is the financial reports of Bank Syariah Indonesia Kcp Iskandar Muda from the first quarter of 2021 to the fourth quarter of 2023, namely 9 samples. Sampling in this study using saturated sampling technique. The calculation of the variables was carried out using the SPSS version 23.0 program. In this study, there are two factors that influence murabahah financing at financial institutions, namely internal factors and external factors. Internal factors are factors originating from within the bank itself. In this study several internal factors that influence the amount of murabahah financing are Non Performing Financing (NPF) and the Financing to Deposit Ratio. Apart from internal factors, the amount of murabahah financing is also influenced by external factors. External factors are factors that come from outside the bank such as inflation. So the variables used in this study are dependent variables such as the amount of Murabahah Financing (Y), while the independent variables used in this study are: Non Performing Financing (NPF) (X1), Financing to Deposit Ratio (FDR), (X2) and inflation (Y). The partial and simultaneous regression coefficient test results show that the variables NPF, FDR, and INFLATION have a significant effect on the amount of murabahah financing. This means that the higher the NPF, FDR, and INFLATION, the amount of Murabahah Financing at Bank Syariah Indonesia KCP Iskandar Muda is increasing.

PENGELOLAAN DANA PENSIUN SYARIAH MENGGUNAKAN AKAD MURABAHAH DI BANK SYARIAH MANDIRI

The goal of this study is to examine the mechanism of the murabaha contract as it is enforced in BSM and its applicability in the National Sharia Fatwa Council (DSN) of the Indonesian Ulema Council (MUI) No: 04/DSN - MUI/IV/2000 about General Provisions on Murabahah Contracts. The study technique employed is descriptive qualitative, with data gathering methods based on primary data acquired from Fatwa BSM and DSN-MUI official websites, as well as secondary data sourced from related articles and journals. The results of the research are that the mechanism for managing pension funds for murabahah contracts is very flexible, starting with the customer's will and BSM's approval, then BSM takes over from TASPEN and then the funds are disbursed. and the mechanism for changing the pension fund agreement has met the standardization of the DSN-MUI Fatwa Number 4 of 2000.

ANALISIS UPAYA PENCEGAHAN DAN PENYELESAIAN TINDAKAN SIDE STREAMING PADA PRODUK PEMBIAYAAN MIKRO DENGAN AKAD MURABAHAH BIL WAKALAH (STUDI KASUS BSI KCP PROBOLINGGO SUDIRMAN)

In several cases that have been found in several different places, the application of a murabaha contract accompanied by a wakalah contract in it has resulted in side-streaming actions by its customers. Where the existence of side-streaming actions carried out by the customer is considered to cause harm to the party concerned. However, it is different from what happened at BSI KCP Probolinggo Sudirman, where of all existing microfinance customers, there was no record of such side streaming actions. This research was conducted at BSI KCP Probolinggo Sudirman, with the aim of the research, namely to find out what are the efforts to prevent and resolve side streaming actions carried out on microfinance with a murabahah bil wakalah contract at BSI KCP Probolinggo Sudirman. This research is included in the type of case study research that uses a research approach in the form of descriptive qualitative methods. As well as using data collection methods in the form of observation, interviews, and literature studies. From the results of this study, it is known that efforts to prevent side streaming carried out by BSI KCP Probolinggo Sudirman include conducting BI checking analysis, 5C analysis, and making visits at the same time as requesting receipts/receipts of purchase of goods. As for the settlement steps that have been prepared, they are adjusted to the level of fraud committed by the customer.

IMPLEMENTATION OF MURABAHAH CONTRACTS IN OWNERSHIP FINANCING A HOUSE IN THE SHARIA STATE SAVINGS BANK, LHOKSEUMAWE CITY

Home ownership loans are home financing from Bank BTN for the purposes of buying a house from a developer or non-developer, both for buying a new or second home, buying a ready-to-live-in house (ready stock) or not finished (indent) or taking over credit from other banks. Research This research aims to find out how the murabahah contract is applied to home ownership financing at the Lhokseumawe Syariah State Savings Bank. The type of research used in this research is descriptive qualitative research. The data in this study were obtained from secondary data sources and primary data. Data collection techniques used in this study is by observation, interviews, and documentation. The results of this study are that home ownership financing at BTNS Lhokseumawe already uses a murabaha contract,but the Bank also uses a wakalah contract as a murabahah companion contract.

Relevance of Compliance on Islamic Law by The Construction of MUI DSN Fatwa on Murābahah Financing Products at BMT Khasanah Tawang, Weru

Murābahah is one of the financing products at BMT Khasanah Tawang, Weru Sragen that is most in demand by customers or the public. Basically there are no ribawi provisions from the profits of murabahah transactions. The concept of murabaha contract transactions is more transparent, because murabaha schemes in financial institutions are required to notify customers about price objects or products and agree on the benefits received by the institution. So transactions must be carried out in a trustworthy and honest manner. In Murabahah there are conditions that must be met by financial institutions in Indonesia. According to DSN MUI Fatwa No. 04/DSN-MUI/IV/2000, the first provision of article no 5 that banks buy goods needed by customers on behalf of their own banks, and these purchases must be lawful and free of usury, in other words the bank must first purchase goods or assets ordered by customers legally and free from usury. And in the DSN-MUI fatwa number 17/DSN-MUI/IX/2000, it has been explained in the first decree no. 2 that customers who are unable or unable to pay due to force majeure may not be subject to sanctions. Problems at BMT Khasanah Weru are customers who use capital financing for personal needs. The method used in this research is descriptive qualitative, data collection is done by means of interviews, documentation and observation. The results of the research on the application of Murābahahat BMT Khasanah Tawang, Weru the application of Murabahah financing products is in accordance with DSN MUI fatwa No. 04/DSN-MUI/IV/2000 and DSN-MUI fatwa number 17/DSN-MUI/IX/2000. BMT Khasanah Tawang addresses the problems of customers who use capital financing to buy personal needs with several evaluations.

Solving Problematic Financing Through the Execution of Murabaha Contracts: A Case Study of Agam Madani BMT

<p align="justify">Murabahah is one of the contracts and products at BMT Agam Madani. This product is financing that is in great demand and is liked by the public. Murbahah contracts cannot be avoided when problematic financing occurs which is favored by interested parties from the community indirectly and contains risks. This study aims to describe the use of the execution method to overcome problematic financing in Murabaha contracts. The method used is a qualitative method with a case study approach. The source of data is done by looking at the social situation regarding problematic financing to the point of saturation. Data collection techniques were carried out using in-depth interviews, namely interview guides aimed at customer informants and BMT employees, besides that they also made observations. The results found from the research that the settlement of problematic financing at BMT Agam Madani is classified into two forms, if there is good faith from the customer, then a rescheduling is carried out. If the customer is not good enough, a warning letter will be given up to three times and ends with execution in the form of submitting debt guarantees. This is done because the letter of guarantee signed by the parties is entered into as a deed of acknowledgment of debt which is classified as an authentic deed and execution as an execution of the payment of a sum of money.</p>

ANALISIS PENERAPAN SHARIA COMPLIANCE DALAM PRODUK PEMBIAYAAN AKAD MURABAHAH

This study aims to describe the role of the Sharia Supervisory Board (DPS) towards sharia compliance and to analyze the application of sharia compliance in murabaha contract financing products. The research method used is normative legal research with a qualitative approach. In this study, researchers examined concrete legal regulations and substantial regulations accompanied by supporting literature in the form of literary sources that were relevant to the research object being discussed. The results of the study show that the existence of the Sharia Supervisory Board (DPS) is to guarantee and supervise Islamic banks so that they remain in the corridors of Islamic law. The role of the Sharia Supervisory Board (DPS) is very crucial in the implementation of sharia compliance in Islamic banks in Indonesia. The role of the Sharia Supervisory Board (DPS) at the technical level of banking operations is very important considering the duties, responsibilities and authorities they have. The Sharia Supervisory Board (DPS) in carrying out their duties can be active or responsive. The Sharia Supervisory Board (DPS) must actively supervise, collect data, analyze and correct various findings of sharia non-compliance in an Islamic bank. Financing with a murabaha contract that has been practiced by Islamic banking has deviated from several provisions in the DSN MUI Fatwa and there is a conflict with the legal terms of a sale and purchase agreement with a murabaha contract, namely the bank fully represents the customer to buy and receive goods from suppliers and gives the right to carry out deed of sale and purchase for and on behalf of the customer himself directly with the supplier. Islamic banks should first buy the object before the object is sold to the customer and also in this practice only one sale and purchase transaction, namely between the supplier and the customer. Based on DSN MUI Fatwa No. 04/DSN-MUI/IV/2000 concerning Murabahah, murabahah financing must occur in two sale and purchase agreements.

Determinants of Islamic Banking Going Concern: Effect of Musharakah, Murabaha, Ijara and Profitability on Non-Performing Financing

The purposes of this research is to analyze the influence of Musharakah, Murabaha, Ijara and ROA of Non Performing Financing in Islamic Banking in simultaneous and partial . The contribution of this research is to provide feedback to banking management on the company’s policy to be taken in connection with the implementation of bad credit. This study uses the design of causality. Methods of analysis using path analysis. Population used is the Islamic Business Banking in Indonesia. Saturated sampling is the technique that is used as a sampling technique. The unit of analysis is annual financial statement. The results of this study is only partially the three variables are found to significantly affect the Non Performing Financing, they are Murabaha contract, Ijara contract, and Return on Assets. As for Musharakah contract proved to be not significantly affected. Simultaneously the results showed the fourth variable fit or match the data. The findings of this study was that going concern business of the company is very risky. The company’s core business is measured from negative ROA. This means that the company is able to extend credit, but unable to convert the financing to be an advantage. It automatically will threaten the company’s existence.

Persepsi Perbandingan Keunggulan Pembiayaan Mudharabah Dan Murabahah Oleh Nasabah Lembaga Keuangan Mikro Islam BMT

This study aims to explore perceptions of the comparative advantage of mudharabah and murabahah financing from the customer side of Islamic microfinance institutions. This study uses an approach using field data in the case study of BMT Alfa Dinar, Karanganyar, Central Java, Indonesia. The data in this study were obtained from 10 customers or customers of murabahah and mudharabah financing, which were taken directly using observation, question and answer, and documentation techniques. The collected data is then analyzed in terms of content, abstracted, and presented. The results of this study are that customers have different perceptions about the advantages of mudharabah and murabahah financing. This perception is seen from various perspectives, including risk, margin, transparency period, and work system. Mudharabah has the advantage of being more reliable than Murabaha. Meanwhile, Murabaha has the advantage of fixed profits or tends to be stable, and if agreed, it cannot be changed. This Murabaha contract is different from the mudharabah, whose profits tend to be unstable. This study recommends increasing business management literacy with mudharabah contract financing to maximize the benefits of Islamic microfinance institutions and customers.

CONSISTENCY WITH CAPITAL MANAGEMENT IN NASARI SYARI’AH SAVING AND LOAN COOPERATIVES

The Savings and Loans Cooperative and Sharia Financing (KSPPS) is a microfinance institution that collects funds from the public and distributes them to people who need these funds. The purpose of this study was to determine the financial management system for sharia financing with a murabaha contract at KSPPS Nasari Syariah. This research is qualitative research using interview and documentation methods and obtained the results of primary and secondary data. The results of research on working capital management by increasing business show that capital management for KSP Nasari Syariah is 96.27%. This coefficient level indicates that capital management has a strong influence on business improvement at KSP Nasari Syariah.

Akad al-Ijarah al-Mausufah fi al-Żimmah in Sharia Banking in Aceh: A Study of Home Ownership Finance

This paper aims to analyze the Al-Ijārah Al-Mauṣūfah Fī Al-Żimmah Al-Ijārah Al-Mauṣūfah Fī Al-Żimmah contract model and its application to Islamic Banking. So far, the paradigm that has developed regarding homeownership financing contracts (PPR) is to use Murābahah or Musyārakah Mutanāqisah (MMQ) contracts. In practice, often the results of housing built are not by the previously agreed contract, this is a dilemma for Customers because on the one hand the down payment has been given and the payment process has been carried out. In this conditions, applying Al-Ijārah Al-Mauṣūfah Fī Al-Żimmah (IMFZ) contract is important to protect the rights of Customers which have been neglected. The Al-Ijārah Al-Mauṣūfah Fī Al-Żimmah contract requires the cancellation of the contract from the Customer if the reality and the contract made with the Bank do not match. This research is non-doctrinal with a conceptual approach. The conceptual approach is used to analyze theoretically and practically related the use of the Al-Ijārah Al-Mauṣūfah Fī Al-Żimmah contract. The results of the study show that Islamic Banking in Aceh has not used the IMFZ contract, this is because; of first, the lack of understanding of the contract from both the Bank and the Customer; second, the tendency of the public and Banks to use murabaha contracts than other contracts because Murābahah contracts are easier to understand and commonly used so far; third, Banks and Developers will face greater risks when using Al-Ijārah Al-Mauṣūfah Fī Al-Żimmah contracts than Murābahah and Musyārakah contracts. The IMFZ contract requires collaboration between the Bank, Developer, and Customer for the supervision process in house construction to avoid default, using the Al-Ijārah Al-Mauṣūfah Fī Al-Żimmah contract will minimize fraud and gharar committed by the Developer against the Customer. This article contributes to Customers and Banks in maintaining quality in housing finance which is often overlooked by Developers.

Shopee Pay Later Sebagai Metode Pembayaran Menurut Fiqh Muamalah

In the modern era, technology has greatly facilitated human activities, especially in online buying and selling activities in a market place. Shopee is a market place that provides buying and selling activities, and in it there are several payment methods, one of the payment methods is shopee pay later. And shopee pay later can be said to be a payment using the installment or credit method made by the user of the relevant shopee account and market place. Some scholars say permissible for several reasons. This study aims to determine the law of shopee pay later as a payment method according to fiqh muamalah. The research method used is descriptive qualitative research with a normative approach, namely by approaching the problem based on Islamic law or Islamic fiqh. The results of this study are that the pay later feature has the concept of buy now pay later. In the pay later method, there are two contracts, namely qardh and ijarah. According to the scholars who allow it, this sale and purchase includes buying and selling istijrar and is permissible because there is a clear contract agreement or as long as the price is certain or known. And there is also an opinion, that shopee pay later is more towards a murabaha contract. And the conclusion of this study is that the payment method using the shopee pay later method is permissible in fiqh muamalah. This is supported by several opinions of scholars who allow the shopee pay later
 Keywords: E-Commerce, Pay Later, Credit

Micro Financing in MSMES Development at BRI Syariah KCP Palopo (Study of The Implementation of Murabahah Contracts)

This study aims: To determine the application of the murabaha contract system to microfinance at BRI Syariah KCP Palopo; This type of research is field research using qualitative research methods. The data analysis technique used is descriptive analysis and SWOT analysis is measured by interviews to determine the overall internal and external factors of microfinance at BRI Syariah KCP Palopo. The results of research in the field show that 1) The application of the murabaha contract system in microfinance at BRI Syariah performs one contract first, the first is done with a wakalah contract, then continues with a murabaha contract. 2) Provision of microfinance using a murabaha contract has an influence on MSME business development in terms of business capital, turnover, income, number of products and expansion of the location of the business. 3) In the process of providing microfinance to MSME customers, BRI Syariah experienced obstacles such as a lack of understanding by customers about contracts and products, and the ineffectiveness of using business capital. From the results of the SWOT analysis based on the identification of internal factors and external factors on Micro Financing Products at BRI Syariah KCP Palopo, namely creating strategies to overcome weaknesses and threats and increase strengths and opportunities, one of which is BRI Syariah introducing sharia bank products to MSMEs to increasing interest in taking financing at BRI Syariah KCP Palopo.

Determinanst of A Customer’s Decision to Choose A Murabaha Contract at Indonesian Sharia Bank

This study aims to analyze the determinants of customers in choosing a murabahah contract at an Islamic bank. This type of research is research quantitatively with a population of all BSI KCP Palopo Ratulangi customers. Taking a sample of 80 respondents using Roscoe's theory and using purposive sampling. The method used to test the hypothesis is the classical assumption test,hypothesis testing, multiple regression testing, and test of the coefficient of determination. The analytical tool in this study uses assistance SPSS versions 22 and 24. From the results of data processing it shows that simultaneously variable internal factors (psychological and personal) and variables external factors (culture and demography) have a positive and significant effect on the customer's decision in choosing a murabahah contract at an Islamic bank with a significance level of 0.000. While partially variable factor internal (psychological and personal) positive and significant effect on the customer's decision in choosing a murabahah contract at an Islamic bank with significance level of 0.004 and the value of tcount>ttable (3.823>1.991), but the variable external factors (culture and demographics) have no positive and significant effect on the customer's decision in choosing a murabahah contract at an Islamic bank with a significance level of 0.21 and tcount<ttable (1.245<1.991).

Comparative Analysis of Implementation of Murabahah Bil Wakalah Contracts and Musyarakah Mutanaqisah Contracts for Sharia Financing Products


 
 
 
 A home is a basic human need that plays an important role in the continuation of human life. The problem of housing and settlement has existed and will continue to exist in response to population growth, demographics and socio-economic needs. The high demand for housing and population growth provide opportunities for Islamic financial institutions to provide products that help people purchase housing.
 The purpose of this study is to determine the application of the Murabaha Contract and the Musharaka Mutanaqisah Contract and find a comparison of her two contracts in Islamic KPR funding. Knowing the mechanism and type of research represents field research. This research was conducted using qualitative methods with a descriptive approach.
 As a result of the research and analysis, it was found that the application of the Murabaha Bil Wakala Convention takes precedence over the Musharaka Mutanaqishah Convention. A comparison of the two loan agreements can then be viewed in terms of similarities and differences between the two agreements.
 
 
 

Analisis Perbedaan Penggunaan Metode Anuitas dan Proporsional Murabahah pada Bank Syariah

This study aims to analyze the differences in the use of proportional annuity and murabaha methods in Islamic banks. This study uses a qualitative approach by describing and describe the data through the opinions of several experts, experiences, and theories related to differences in the use of annuity and proportional murabaha methods in Islamic banks. Based on the method used, it is concluded that the annuity method and the proportional method are methods that are commonly applied in Islamic financial institutions and provide benefits (mashlahah) for the growth of Islamic banks. The purpose of using the annuity and proportional method is to implement Islamic bank financial reporting in a good, accurate, measurable, and in accordance with sharia principles through sharia accounting. The difference between the annuity method and the proportional method lies in the income and expenditure of murabaha financing, the difference between the effective value and the value of the murabaha contract/contract is amortized over the term of the contract using a variety of different methods, and margin income on murabaha contracts.