Murabaha Financing Research Articles

Pola Pembiayaan Syariah Murabahah Di Kota Bengkulu

This research aims to determine the pattern of BMT sharia financing in Bengkulu City in terms of murabahah at three BMTs in Bengkulu City. The data used are sourced from chairman, manager, teller and financial department interviews at Bmt Bengkulu City and analyzed at using descriptive statistical analysis. The results of this study indicate that the most popular financing for members of BMT in Bengkulu City is the murabaha financing pattern with the composition of financing based on the amount of financing that is 85.30% and based on the number of recipients of financing that is equal to 86.50%.

Penerapan Fatwa DSN MUI Tentang Murabaha Bilwakalah Di BMT Bina Ihsanul Fikri (BIF) Bugisan Yogyakarta

The BMF KSPS BIF in its business is divided into two namely Baitul Maal (social business) and Business (Baitul Tamwil). This social business is engaged in collecting Zakat, Infaq and Sadaqah funds and mentoring them to eight ashnaf. The priority scale for poverty alleviation through productive economic programs and scholarships. Its business ventures are engaged in empowering the lower class economic community with intensification of BIT in conducting murabhah financing using the media of wakalah, sometimes murabaha contracts in BMT often precede wakalah contracts. The presence of media wakalah to members in murabaha financing in BMT BIF is not wise and not careful in doing murabaha contracts when wakalah. On April 1, 2000 (26 Dzulhijjah 1420) MUI fatwa No.04 / DSN-MUI / IV / 2000 stipulated that if BMT wanted to represent members to buy goods from third parties, the murabahah sale and purchase agreement must be made after the goods in principle became belongs to BMT. In other words, authorization (wakalah) from BMT to any member or third party must be done before the murabahah sale agreement takes place. In this study the author wants to know about how the application of murabaha financing when the time is carried out by BMT BIF to its members. And how is the suitability of Fatwa DSN Number 04 / DSN-MUI / IV / 2000 in implementing murabahah financing when it is at the Bugisan BMF BIT Yogyakarta.Keywords: Murabaha bil wakalah, BMT BIF, Fatwa DSN MUI.

PENGARUH PEMBIAYAAN MUDHARABAH, PEMBIAYAAN MURABAHAH DAN TABUNGAN MUDHARABAH TERHADAP RETURN ON ASSETS (ROA) PADA BPR SYARIAH

The purpose of this study was to determine and analyze the effect of Mudharabah Financing, Murabahah Financing and Mudharabah Savings on Return On Assets (ROA) of Indonesian Sharia People's Financing Banks for the 2015-2020 period. The research method used is descriptive quantitative method. The data used is secondary data. In this study, the analysis used is multiple linear regression analysis, coefficient of determination and hypothesis testing. Based on the results of the analysis of this study, it can be seen that partially Mudharabah Financing has a negative and significant effect on Return On Assets, Murabaha financing has a positive and significant effect on Return On Assets and Mudharabah Savings has a positive and significant effect on Return On Assets at Indonesian Islamic People's Financing Bank for the 2015 period. -2020 and simultaneously Mudharabah Financing, Murabahah Financing and Mudharabah Savings have a significant effect on the Return On Assets (ROA) of Indonesian Sharia Rural Banks for the 2015-2020 period. It is expected that the Indonesian Islamic People's Financing Bank will further improve its performance by minimizing financing risk and increasing the amount of third party funds so that its profitability growth is maximized.

DETERMINANT INFLATION ON MURABAHAH FINANCING IN SHARIA BANKS IN INDONESIA 2015-2019


 
 
 
 This study aims to know the effect of inflation on Murabahah (sale-purchase agrrement between the bank and the customer with known profit) financing in Sharia banks in Indonesia. The data in this study are secondary data from the official website of each Sharia bank and then analyzed by using simple regression analysis. The finding shows that the inflation rate has a positive and significant effect on Murabahah financing in Sharia banks in Indonesia. The positive coefficient indicates that an increase in inflation will make people greatly desire to apply for Murabahah financing because they are worried about a greater increase in inflation in the following year. This aldo occurs because the increase in inflation makes people save a lot in Sharia banks, so that banks must optimally use these funds in the form of financing operations of what is called Murabaha financing. The coefficient of determination is 0.9871, meaning that 98.71% of Murabahah financing in Sharia banks in Indonesia is explained by the inflation rate. Meanwhile, 1.29% is the variability of other variables on Murabahah financing, such as banking profit variables, CAR ratios, NPF ratios, and third party funds.
 
 
 

The Effect Of Mudharabah, Musyarakah, Murabahah, And Qardh Financing To Profitability Of Sharia Commercial Banks In Indonesia Period 2015-2019

Islam is the largest religion in Indonesia. Therefore, nowadays sharia banks continue to grow every year. This is proven by the growing number of Sharia banks in Indonesia. Nowadays, Indonesian people are interested in sharia bank services. This is due to the existence of a non-usury system in sharia banks that is not owned by conventional banks. In conducting its business, the implementation of the sharia banking system is based on Islamic law (sharia). 
 This study aims to determine the influence of Mudarabah, Musharakah, Murabaha, and Qardh Financing on the Profitability of Sharia Commercial Banks in Indonesia in 2015-2019 both simultaneously and partially. The data is obtained from the annual financial statements of each sharia commercial bank. 
 The population used is sharia commercial banks in Indonesia for the period 2015-2019. Sampling was conducted on a nonprobability sampling by using purposive sampling. Obtained 45 samples from 9 Sharia Commercial Banks for 5 years. The analysis method uses data panel regression by Eviews software version 11. 
 It is shown by the results that the financing of mudarabah, musharakah, murabaha, and qardh financing had a simultaneous effect on profitability. Mudarabah and Musharakah financing have no effect on profitability. Murabaha financing has negatively effects profitability and Qardh financing has positively effects profitability.

MURABAHA-RELATED CREDIT RISK AND FINANCIAL PERFORMANCE OF ISLAMIC BANKS IN AFRICA

The uniqueness of Murabaha (cost-plus) financing has suggested another theoretical relationship between credit risk and the financial performance of banks. While studies from Asian countries supported this assertion, empirical analyses from Africa reported conventional findings on the credit risk effect on performance. These conflicting reports were partly due to the exclusion of factors specific to Murabaha financing in past studies in Africa. This study was conducted to assess the effect of credit risk on the financial performance of Islamic banks in Africa. Data were collected from annual reports of the selected Islamic banks for nine years from 2012 to 2020. A fixed-effect regression model was estimated after conducting the preliminary tests of Breusch Pagan Lagrange Multiplier (BP/LM) and Hausman. The study found that non-performing Murabaha (0.0220) and provision for impairment of Murabaha financing (0.3506) have positive effects on return on assets. The results were found to be significant at a 5% level of significance. Based on this finding, it was concluded that credit risk exposure that arises from Murabaha (transactions) financing tends to improve the financial performance of the banks. Therefore, the study recommends that Islamic banks increase their financing of Murabaha transactions to boost their profitability and compensate for high credit risk exposure.

METODE PENGAKUAN KEUNTUNGAN PEMBIAYAAN MURABAHAH DI LEMBAGA KEUANGAN SYARIAH (Analisis Fatwa No: 84/DSN-MUI/XII/2012)

Murabahah financing is a transaction for the sale of goods by stating the acquisition price and profit (margin) agreed by the seller and buyer. As for the implementation, murabaha financing uses the profit recognition method which refers to Fatwa No.84 / DSN-MUI / XII / 2012 and PSAK No. 102 about Murabaha. Based on the author's search results, there are two methods applied by Islamic Banking and Islamic Financial Institutions namely, the Proportional method and the Annuity method. The workings of these two methods can be seen from the process which includes, the Proportional method tends to refer to PSAK No. 10. While the Annuity method tends to refer to the DSN-MUI fatwa. Keywords: Murabahah, Method and Fatwa.

Penyaluran Dana Bank Syariah Melalui Pembiayaan Murabahah, Istishna, dan Ijarah Sebelum dan Selama Pandemi Covid 19

Impact of the Covid-19 pandemic in Indonesia is not only in the productive sector but has an impact on the financial sector such as conventional and Islamic financial institutions including banking. Islamic banks have business activities through murabaha, istishna', and ijara financing for sale and purchase and lease types. The impact felt by the banking sector can be seen from the existence of financing problems. The purpose of this research is to compare the conditions of sharia financing before and during the Covid-19 pandemic. The method used is the paired sample t-test with a sample of Islamic banks in Indonesia. The results show murabaha and istisna' financing has increased, while ijara financing has decreased during the Covid-19 pandemic.

Determinant Inflation on Murabahah Financing in Sharia Banks in Indonesia 2015-2019

This study aims to know the effect of inflation on Murabahah (sale-purchase agrrement between the bank and the customer with known profit) financing in Sharia banks in Indonesia. The data in this study are secondary data from the official website of each Sharia bank and then analyzed by using simple regression analysis.
 The finding shows that the inflation rate has a positive and significant effect on Murabahah financing in Sharia banks in Indonesia. The positive coefficient indicates that an increase in inflation will make people greatly desire to apply for Murabahah financing because they are worried about a greater increase in inflation in the following year. This aldo occurs because the increase in inflation makes people save a lot in Sharia banks, so that banks must optimally use these funds in the form of financing operations of what is called Murabaha financing. The coefficient of determination is 0.9871, meaning that 98.71% of Murabahah financing in Sharia banks in Indonesia is explained by the inflation rate. Meanwhile, 1.29% is the variability of other variables on Murabahah financing, such as banking profit variables, CAR ratios, NPF ratios, and third party funds.

ANALISIS PENINGKATAN KESEJAHTERAAN NASABAH TERHADAP PEMBIAYAAN MURABAHAH (Studi Kasus Bank Aceh Syariah Capem Krueng Geukueh)

This study aims to determine differences in income before and after getting murabaha financing at Bank Aceh Syariah Capem Krueng Geukueh. The research method uses quantitative methods with a sample of 45 respondents. Data collection was carried out using a Likert scale questionnaire. Based on the results of the study there is a relationship between welfare and cheap financing at Bank Aceh Syariah Capem Krueng Geukeuh, with the difference in the difference in average income before and after amounting to -8,587 to -7,635. This research is useful for researchers themselves, for banks, for murabaha financing customers, and for future researchers.
 Keywords: welfare, income and murabahah financing

Pengaruh Pembiayaan Murabahah dan Suku Bunga BI Terhadap Pendapatan Margin Murabahah Perbankan Syariah (Studi Pada BUS di Indonesia)

The research objective was to determine the effect of murabaha financing and interest rate BI to Revenue Margin On Islamic Banking simultaneously and partially. This type of research is associative research. The data digunakanadalah secondary data, where the data is murabaha financing resources and Bank Indonesia interest rate and margin murabaha year 2011-2015 at six banks listed in Indonesia. Data collection techniques in this study is documentation. Data analysis techniques used in this research is qualitative analysis techniques. The analytical method used in this research is multiple linear regression analysis.
 The results of this study showed that simultaneous Murabahah Financing and Interest Rates Bank Indonesia influence Revenue Margin Murabaha Islamic Banking in Indonesia. Partially Financing Murabahahm significant effect on Income Margin Murabaha Islamic Banking in Indonesia, while the interest rate of Bank Indonesia partially no significant effect on Income Margin Murabaha Islamic Banking in Indonesia
 

MURABAHA ORIENTED AT SHARIA BANKS IN KENDARI CITY

The proportion of murabaha financing in sharia banking is more dominant than profit-sharing financing, so that Sharia banking behaves murabaha oriented. The study aims to determine whether the risk and the level of profit loss sharing financing have an effect on murabaha-oriented behavior in sharia banks. The research was conducted in Kendari City from January to April 2019 with four informants from the bank management. It is a descriptive quantitative research using percentage assistance. The results show that the risk factor for profit sharing financing is the most important consideration for sharia banks to choose murabaha financing, while the profit sharing rate received is a factor that is considered after the risk. The financing risk experienced by sharia banks in Kendari City is in the form of financing problems. Meanwhile, the profit sharing rate factor determines the murabaha oriented behavior which is driven by the lower rate of return for the results compared to murabaha financing.

The determinants of murabaha margin income in Islamic banking companies in Indonesia

This research was conducted to examine the effect of the operational costs, third-party funds, murabaha financing volume, Bank Indonesia’s interest rate and inflation on murabaha margin income at Islamic commercial banks in Indonesia. The period used in this research is 3 years, from 2016 to 2018. This study's population were 14 Islamic commercial banks that have been and are still registered with the Financial Services Authority from 2016 to 2018. The sampling technique used was purposive sampling and obtained a sample of 9 Islamic commercial banks. The data analysis technique used is multiple linear regression. Before conducting the multiple linear regression analysis, a classic assumption test was carried out to ensure that the model did not have normality, heteroscedasticity, autocorrelation, and multicollinearity. The results show that partially operational costs have a positive and significant effect on murabaha margin income, third-party funds have a negative and significant effect on murabaha margin income, murabaha financing volume has a positive and significant effect on murabaha margin income, while the Bank Indonesia’s interest rate and inflation do not influence on Murabaha margin income.

The economic reality of Islamic banks’ transactions: a qualitative inquiry

PurposeThis paper aims to investigate the economic substance of Islamic banks’ transaction as perceived by the employees and regulators of banks and the effect of such substance on the need for special accounting standards for Islamic banks. If there is a distinctive “Islamic economic substance”, then special accounting practices may be necessary such as the standards of the Accounting and Auditing Organization for Islamic Financial Institutions.Design/methodology/approachA qualitative inquiry on one of the leading Islamic banks in the Middle East was conducted to investigate the economic substance of the bank’s main two transactions; the deposit system and Murabaha financing, as perceived by informants within one of the earliest Islamic banks and its regulators.FindingsIt is found that despite the belief that the transactions under examination were different from equivalents within conventional banking, practice within the bank was not consistent with such a belief. Informants largely perceived the economic reality of the investigated transaction as being not different from conventional banks’ transactions, and this would affect the need for special accounting and regulatory frameworks.Research limitations/implicationsThis investigation is confined to informants working within one Islamic bank; their views and perceptions may not coincide with those working in other Islamic banks in the world.Practical implicationsThe results of this investigation provide policy implications for Islamic banks, regulators and standards setters in regard to the need for special accounting standards for Islamic banks.Originality/valueThe paper is one of the first papers that uses a qualitative inquiry on the main transactions of Islamic banks and the related need for special accounting practices. The paper provides a new perspective on the debate over whether Islamic banking is genuinely innovative or is merely a replicate for conventional banking.

Drivers of intention to use Murabaha financing: religiosity as moderator

PurposeThe purpose of this paper is to investigate the determinants of Muslims’ attitude and intention towards Murabaha financing by considering religiosity as a moderator.Design/methodology/approachThe data were collected through a survey of 373 Muslims in Afghanistan and were analysed using the partial least squares technique.FindingsThe results showed that social influence and religious obligation have a positive effect on attitude towards Murabaha financing. Furthermore, social influence and attitude have a positive effect on the intention to use Murabaha financing. Religiosity moderates negatively the impact of social influence on attitude towards Murabaha financing.Practical implicationsManagers and marketers of Islamic banks may benefit from the findings of this study, which provide insight into the factors that should be considered to promote Murabaha financing.Originality/valueThe findings contribute to the literature on Islamic financing products by demonstrating the drivers of attitude towards and intention to use Murabaha financing. The study also extends the literature by testing the moderating role of religiosity. Furthermore, the study extends the theory of reasoned action in the context of Islamic financing by introducing religious obligation as a potential driver of attitude and religiosity as a moderator.

Analisis Penyelesaian Tindakan Side Streaming pada Pembiayaan Murabahah dalam Perspektif Fikih Muamalah di BRISyariah KC Jombang

This research aims to analize the completion of side streaming actions on murabahah financing at BRISyariah KC Jombang and its review of fiqh muamalat. The method of this research used fiqheconomic approach with descriptive normative data analysis. Data field finding about the completion of side streaming were analyzed with refers to fiqh muamalat law. The results showed that the completion of side streaming actions on murabaha financing at BRISyariah was carried out in a persuasive way with administrative control. In the fiqh muamalat study, side streaming made a contract into fasakh. The solution of fasakh contract due to the side streaming is by changing the contract or re-contract. Practically, the completion of side streaming at BRISyariah KC Jombang has not fully accordance with fiqh muamalat because there is still not achieving the purpuso of the contract.

Akad Wakalah Menjadi Penyebab Pembiayaan Murabahah Bergeser Dari Transaksi Jual Beli Menjadi Transaksi Jasa

This paper examines the wakalah contract as the cause of the shift of murabaha financing from buying and selling transactions to service transactions. Analysis of wakalah legal norms with normative philosophical approaches, normative juridical and empirical juridical. The wakalah contract given by Islamic banks absolutely to customers to make purchases has caused murabaha financing to shift from buying and selling transactions to service transactions, because the customer has acted for and on behalf of himself in purchasing goods from suppliers, while the money transferred by the bank sharia to customers is considered as borrowed money. A wakalah contract that does not have any effect on transactions on customers in purchasing goods from suppliers, cannot be called wakalah but has the effect of transferring money from Islamic banks to customers as service transactions

Pengaruh Omzet Usaha dan Nilai Jaminan Terhadap Kelancaran Pengembalian Pembiayaan Murabahah pada UMKM di BMT (The Effect of Turnover and Collateral Value on The Smooth Repayment of Murabahah Financing for MSME Customers)

This study aims to determine the effect of turnover and collateral value on the smooth repayment of murabahah financing for MSME customers at BMT At-Taqwa Kemanggisan. This study uses quantitative methods with primary obtained data by interviews with BMT and secondary obtained data from annual report of BMT debtors. The research method used purposive sampling with sample of 286 debtors and the data is processed by STATA application version 14.2. The results show that the variables of turnover and collateral value simultaneously effect the smooth repayment of murabahah financing with a significance value of 0.0000. Meanwhile with the partial test only the turnover variable has effect on the smooth repayment of murabaha financing with significance value 0.023.

Pengukuran Laba Perusahaan Melalui Bagi Hasil Pembiayaan Musyarakah dan Margin Murabahah

Tujuan dari penelitian ini adalah untuk mengetahui pengaruh pendapatan bagi hasil pembiayaan musyarakah terhadap laba perusahaan yang terdapat pada PT. Bank Muamalat Indonesia, kemudian untuk mengetahui pengaruh margin pembiayaan murabahah terhadap laba perusahaan pada PT. Bank Muamalat Indonesia, dan untuk mengetahui seberapa besar pengaruh dari pendapatan bagi hasil pembiayaan musyarakah juga pendapatan dari margin pembiayaan murabahah terhadap laba perusahaan pada PT. Bank Muamalat Indonesia. Metode yang digunakan dalam penelitian ini adalah metode analisis deskriptif verifikatif dengan menggunakan pendekatan kuantitatif yang dianalisis secara parsial dan simultan. Hasil penelitian ini menunjukkan bahwa uji statistik pendapatan bagi hasil pembiayaan musyarakah terhadap laba perusahaan menunjukan hasil koefisien determinasi sebesar 0,6%, uji statistik margin pembiayaan murabahah terhadap laba perusahaan menunjukkan hasil koefisien determinasi sebesar 1,4%, uji statistik antara pendapatan bagi hasil pembiayaan musyarakah dan margin pembiayaan murabahah terhadap laba perusahaan menunjukkan hasil koefisien determinasi yaitu sebesar 5,4% sisanya sebesar 94,6% yang kemungkinan dapat dipengaruhi oleh faktor lain yang tidak dibahas dan diteliti dalam penelitian ini.

Screening of Murabaha business process through Quran and hadith: a text mining analysis

Purpose This paper revolves around the usage of data analytics in the Qur’an and Hadith through a new text mining technique to answer the main research question of whether the activities and the data flows of the Murabaha financing contract is compatible with Sharia law. The purpose of this paper is to provide a thorough and comprehensive database that will be used to examine existing practices in Islamic banks’ and improve compliancy with Islamic financial law (Sharia). Design/methodology/approach To design a Sharia-compliant Murabaha business process originated on text mining, the authors start by identifying the factors deemed necessary in their text mining techniques of both texts; using a four-step strategy to analyze those text mining analytics; then, they list the three basic approaches in text mining used for new knowledge discovery in databases: the co-occurrence approach based on the recursive co-occurrence algorithm; the machine learning or statistical-based; and the knowledge-based. They identify any variation and association between the Murabaha business processes produced using text mining against the one developed through data collection. Findings The main finding attained in this paper is to confirm the compatibility of all activities and the data flows in the Murabaha financing contract produced using data analytics of the Quran and Hadith texts against the Murabaha business process that was developed based on data collection. Another key finding is revealing some shortcomings regarding Islamic banks business process compliance with Sharia law. Practical implications Given Murabaha as the most popular mode of Islamic financing with more than 75% in total transactions, this research has managed to touch-base on an area that is interesting to the vast majority of those dealing with Islamic finance instruments. By reaching findings that could improve the existing Islamic Murabaha business process and concluding on Sharia compliance of the existing Murabaha business process, this research is quite relevant and could be used in practice as well as in influencing public policy. In fact, Islamic Sharia law experts, Islamic finance professionals and Islamic banks may find the results of this study very useful in improving at least one aspect of the Islamic finance transactions. Originality/value By using a novel, fresh text mining methods built on recursive occurrence of synonym words from the Qur’an and Hadith to enrich Islamic finance, this research study can claim to have been the first of its kind in using machine learning to mine the Quran, Hadith and in extracting valuable knowledge to support and consolidate the Islamic financial business processes and make them more compliant with the i.