Musyarakah Contract Research Articles

Analisis Sistem Pengendalian Internal Pada Pembiayaan Musyarakah di Pt. Bank Kb Bukopin Syariah Cabang Yogyakarta

Internal control plays an important role, serving as procedures and implementation guidelines for the operations of a particular company or organization. The correct implementation of internal control in a company will create a systematic work process and in accordance with organizational rules, so that a mutually supportive control environment will be created in every part of the company. This study aims to analyze how the implementation of the internal control system affects Musyarakah financing at PT Bank Bukopin Syariah Yogyakarta Branch. The research method used is descriptive qualitative method with data collection techniques using direct interviews with internal control system employees and business unit employees and direct observation at Bank Bukopin Syariah. The results of this study indicate that the implementation of the internal control system for financing with a Musyarakah contract at PT Bank Bukopin Syariah is in accordance with the applicable policy procedures in the company. Although the procedures for Musyarakah financing at PT Bank Syariah Bukopin Yogyakarta branch have functioned properly in accordance with applicable regulations or company standard operating procedures. Things are still found such as weak internal control in providing direction to customers during the process of disbursing financing with a large ceiling amount.

Analisis Kesesuaian Praktek Pembiayaan Musyarakah KSPPS BMT Al-FATH Menurut Fatwa No. 08/DSN-MUI/IV/2000

This research aims to determine the level of conformity in the Implementation of Musyarakah Financing at BMT AL-FATH with the Decree of the National Sharia Board of the Indonesian Ulema Council (DSN-MUI) No. 08/DSN-MUI/IV/2000 and to identify the juridical implications for BMT if it is proven to violate the Decree of the National Sharia Board of the Indonesian Ulema Council (DSN-MUI) No. 08/DSN-MUI/IV/2000 in its implementation. This study employs a qualitative descriptive method applied through formative evaluation research. It utilizes primary data sources through interviews, observations, documentation, and their combination, as well as secondary data obtained from books, journal articles, government publications, company documentation records, websites, laws, and fatwas. Data analysis involves data reduction, data presentation, and drawing conclusions. The research results indicate that BMT Al-Fath has successfully implemented the musyarakah contract in accordance with the Fatwa of the National Sharia Board of the Indonesian Ulema Council No. 08/DSN-MUI/IV/2000, comprising 22 provisions outlined in the fatwa, and has not been negatively affected by the legal provisions contained in Law No. 21 of 2008, Article 58, concerning Islamic banking.

Implementasi Akad Musyarakah Mutanaqisah di BNU’26 Syariah Magelang

One of the obstacles in the Musyarakah Mutanaqisah contract is that two contracts must be carried out, namely cooperation (Syirkah) and rent (Ijarah). In implementing musyarakah mutanaqishah, two types of transactions are involved in one agreement. Therefore, capital goods are not only the object of transactions in musyarakah mutanaqishah but also function as objects in ijarah transactions for business development and as objects in buying and selling transactions to protect ownership of capital goods. This research aims to determine how the implementation of the musyarakah mutanaqisah contract at Bank BNU'26 Syariah Magelang is implemented. Mutanaqisah musyarakah contract is an agreement or arrangement between two or more people that is derivative and in the form of an agreement. This study uses qualitative methods with two approaches, namely interviews and observations. The results of this study confirm that BNU'26 Syariah, implementing the mutanaqisah musyarakah contract to customers, is there is cooperation between the bank and the customer in an effort based on mutual agreement. The contract can be agreed upon if the customer agrees to the requirements that Bank BNU'26 Syariah Magelang has determined.

Analisis Strategi Pemasaran Produk Hasanah Card pada Bank Syariah Indonesia (BSI) KC Padangsidimpuan

The Hasanah Card product is one of the products owned by Bank Syariah Indonesia (BSI). Hasanah Card products use mudharabah and musyarakah contracts, namely obtaining profit sharing. However, as the sharia banking sector in Indonesia continues to develop, marketing strategies are needed to face competition, especially in financing products. Marketing is carried out in order to fulfill people's needs and desires for a product or service. This research aims to find out what strategies BSI KC Padangsidimpuan implements in marketing Hasanah Card products. Through a marketing strategy analysis approach, this research tries to identify the factors that influence the marketing success of Hasanah Card and formulate strategic recommendations that can increase the marketing effectiveness of the product. This research uses qualitative methods while the data collection methods used are interviews, observation and documentation. The results of this research show that the Hasanah Card marketing strategy carried out by BSI KC Padangsidimpuan uses a marketing mix system which is usually called product, price, place, promotion.

Prosedur Pembiayaan Musyarakah Mutanaqisah Pada Bank Syariah Indonesia KC Kuta Cane

Musyarakah mutanaqishah is musyarakah or syirkah ownership the assets (goods) or capital of one of the parties (shariq) are reduced due to gradual purchase by other parties. As well as a musyarakah agreement mutanaqishah is a combined contract between a musyarakah contract and a contract ijarah. Sharia syndicated financing is financing provided by two/more Islamic banks or financial institutions, with the same terms and conditions, using the same documents and administered by one bank. Regarding information on syndicated financing using a musyarakah agreement Mutanaqishah is still not widely known by the wider community until now This. So this research will focus on discussing contracts musyarakah mutanaqisah used in syndicated financing. Because This contract is a contract that needs to be socialized and more publicized the banking sector, because its existence is not widely known by the public common among other contracts which are also used for syndicated financing in sharia banking in Indonesia, after previously using contracts murabahah and ijarah mun tahiya bit tamlik.

An Analysis of Musyarakah Agreement Due to the Bank's Negligence in Implementing Prudential Banking Principle: The Case of Jurisprudence at the Supreme Court Cassation Verdict Number 624 K/Ag/2017

This study analyzed the Supreme Court Cassation Verdict Number 624 K/Ag/2017, regarding the musyarakah agreement between the customer and PT. Bank Sumut Padangsidimpuan Branch, in which the latter had disbursed financing to the customer before the issuance of a life insurance policy letter. The focus of the research was to investigate the settlement of the musharakah agreement due to the negligence of the bank which resulted in the customer’s obligation to pay the remaining debt based on the Supreme Court Cassation Verdict Number 624 K/Ag/2017. The study used a qualitative research approach with a case approach, statute approach, and conceptual approach. This study concludes that based on the Compilation of Sharia Economic Law (Kompilasi Hukum Ekonomi Syariah or KHES) Articles 209-210 if one of the parties in the agreement dies, the contract ends, and the loss caused by the death of the mudharib is borne by the owner of the capital. Therefore, even though in a musyarakah contract there is a mix of assets of both customers and Islamic banks. However, because the bank was negligent in their prudential banking principles practice and this action was against the law, then in regards to the legal protection theory, the losses experienced from the musyarakah contract should have been borne by the bank as a form of punishment for the unlawful act due to negligence in implementing the prudential banking principle.

PANDANGAN ANTROPOLOGI TERHADAP PRAKTIK AKAD MUSYARAKAH DAN PROBLEMATIKANYA DI LEMBAGA KEUANGAN SYARIAH

This research will comprehensively answer, describe, and explain in detail the context of problems that occur in musyarakah contracts. Therefore, this research will reveal the veil of understanding by focusing on the anthropological view of the implementation of musyarakah contracts, both in terms of the application of the contract and sharia principles, as well as the problems that often occur in musyarakah contracts in the operations of sharia financial institutions. This research is a type of normative-empirical research, which is an anthropological approach. The data used are primary and secondary data which are then analyzed using argumentative analysis techniques. The results and conclusions of this research are that musyarakah exists as a method for practicing and implementing Islamic religious values, where this also includes the concept of hifdz mall (maintenance of assets) which is essentially part of the objectives of sharia itself. Although problems often occur in the musyarakah contracts carried out intentionally by the parties or unpredictable force majeure, these musyarakah contracts can be maximized again by using good and correct solutions by Sharia financial institutions. With the concept of the musyarakah contract, Sharia financial institutions have a mission to fight ignorance, poverty, tyranny, evil, and injustice in economic activities to achieve al-falah (prosperity in this world and the hereafter).

PENERAPAN BAGI HASIL DALAM PEMBIAYAAN MUDHARABAH DI BANK MUAMALAT TULUNGAGUNG

The banking system has a strategic position as a support for the national economy. In Indonesia there are two banking systems, namely conventional banking systems and Islamic banking. In general, saving in conventional and sharia banking is no different, because both banks are required to follow general banking techniques. However, if analyzed more deeply, there are fundamental differences between the two. The first difference lies in the contract and the second difference in the reward. In banking products for profit-sharing contracts there are two, namely the Mudhorobah contract and the Musyarakah contract. However, mudhorobah contracts are rarely used for transactions in all Islamic banks. Of the products available at Islamic banks, one of them is mudhorobah contract financing in Islamic banking. This study has two problem formulations, namely how the terms and mechanisms of mudharabah financing at Bank Muamalat and how the implementation of mudharabah financing at Bank Muamalat. The purpose of this study is the first, to find out the mechanism and mudharabah transactions at Bank Muamalat Tulungagung, second to find out the implementation of mudharabah financing at Bank Muamalat Tulungagung. By using qualitative research methods, the first type of research, location, second source of data, third data analysis and data collection procedures, fourth technique, fifth data validation, and the sixth research stage. Keywords: application and mudharabah contract

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.

KEDUDUKAN REKAYASA (HILA) FIKIH PADA AKAD MURAKAB

The fatwa on sharia economics issued by the DSN-MUI mostly uses murakab contracts, namely combining one contract with another, such as ijarah mutahia bi tamlik (IMBT), musyarakah mutanaqisyah (MMQ), murabaha lil wakalah, but the majority of ulama prohibits buying and selling from being combined with a musyarakah contract. , qard, musyaqah, mudharabah, sell. Jumhur ulama also does not allow sales and purchase contracts to be combined with ijarah contracts. However, in practice this prohibition is not implemented by the DSN-MUI because the DSN-MUI itself uses the jurisprudence of fiqh contained in each of its ftwa to follow developments in the times and Islamic financial needs. Engineering (hila) of jurisprudence is needed to provide solutions to existing problems. So the question is what the law of hila fiqh is in murakab or multi-contract contracts. The methodology in this research is qualitative library research and uses the content analysis method of fiqh to answer the question of the position of hila fiqh in murakab contracts that occur in the world of Islamic finance. The results of the research found several conclusions that the fatwas issued by DSN-MUI related to murakab contracts have several laws. Firstly, if the actions and objectives are different from the maqasid syari' then legally the hila is haram. second. The person who performs hila knows that what he is doing in dhohir is not in accordance with the Shari'a, but for the purpose it is in accordance with the Shari'a, according to Imam Syatibi, this is considered an expert in heresy, he can enter heretical heresy up to Hasanah heresy. This explanation can serve as a guideline, if a person who performs hila has a goal that is contrary to the objectives of the Shari'a, automatically hila is haram. However, if this is the aim of the sharia then the details need to be categorized as permissible to haram in relation to the principles of hila.

Pengembangan Model Crowdfunding Syariah Untuk Pembiayaan UMKM (Studi Pada Platform Fintech Ethis)

The purpose of this study is to determine the development of fintech in Indonesia through the ethical platform using musyarakah contract financing and wakalah contracts. In dealing with problems in this financing can be done by providing several alternative strategies to the problems that occur in the funding that occurs. The type of research used is qualitative research with descriptive methods. The data source obtained from this research is secondary, which is obtained from observations through the Ethis website. Analysis of the data obtained comes from using data reports on the development of fintech in Indonesia. The results of the study show developments from year to year which can be seen from the public's interest in using funding in fintech. This means that there is progress in the use of funding on the ethical platform, therefore public interest in its use is increasing. With the emergence of this can increase public interest and interest in funding in the platform.

Comparative Study of Data Generation for Normal, Lognormal, and Gamma Distributions using PLS and Usury Models

Mathematical modeling in the world of economics and banking has particular relevance, especially in terms of providing capital for business activities, particularly for Micro, Small, and Medium Enterprises (MSMEs). Currently, banking activities are predominantly dominated by conventional banks that apply interest, which in Islamic Sharia is considered as riba, and it is incumbent upon Muslims to avoid riba and conduct all their affairs in accordance with Islamic Sharia. This research discusses a mathematical model of a profit-loss sharing system in accordance with Islamic Sharia using the profit-loss sharing model scheme, which is one of the investment models in Islamic finance with a musyarakah contract. The data is derived from the daily profit and loss of a micro trader for the period of September 2023 in Cijantung, East Jakarta, which is then generated for periods of 35, 40, and 50 days, following normal, lognormal, and gamma distributions, with an investment capital of Rp 1,500,000, Rp 3,000,000, and Rp 4,500,000, and profit-sharing portions of 2%, 5%, and 7%. This research is capable of demonstrating a profit-sharing scheme and optimization functions in profit distribution, as well as determining parameters that are more advantageous for traders and capital owners compared to the usury model because the imposed penalties are considered burdensome for the public. Generating data following a normal distribution provides a more realistic profit-sharing scheme but a lognormal and gamma distribution yields the largest profit-sharing portion for investor and trader.

Tinjauan Perikatan Mudharabah Musytarakah dalam Asuransi Syariah

One of the sharia financial institutions that is experiencing very rapid development is sharia insurance. In sharia insurance there is a mudharabah musytarakah contract. The presence of this contract in sharia insurance in Indonesia is basically not explained in the Al-Qur'an and Sunnah. This research is a literature review, the reading sources consist of books, journals and fatwas relating to mudharabah musyarakah contracts in sharia insurance. This research uses a qualitative approach with descriptive methods. The analytical techniques are used to analyze the meaning contained in the data extracted through library sources. Based on fatwa Number 51/DSN-MUI/III/2006 concerning mudharabah musytarakah contracts on sharia insurance, there are no detailed arguments in the Al-Qur'an and Sunnah regarding halal, haram and syubhat laws regarding mudharabah musytarakah contracts on sharia insurance. However, its implementation must uphold the principles of Islamic law and fulfill the terms and conditions of engagement to avoid gharar, usury and maisir. This fatwa is a manifestation of the seriousness of law makers to develop contracts for sharia insurance institutions which aim to bring benefits.

IMPLEMENTASI EKONOMI SYARIAH PADA MODEL BISNIS APLIKASI GO JEK

The digital economy is one of the things that marked the development and economic growth in the future, characterized by increasingly rapid development of business or trade transactions using the internet service as a medium to communicate, collaboration and cooperation between companies or individuals.
 In the development of the digital economy in Indonesia at this time, obtained the fact of the existence of the implementation principle profit and lost sharing. in accordance with the Islamic economic system brought in Islamic civilization. A trading business like that run between the company Go Jek, investor, investors, and the drivers Go Jek who runs a shuttle transportation service of people, goods and services with the use of information technology in the application system internet network. As for the principle for the results is done in accordance with the rules of Sharia in the economic system of Islam is the use of mudharabah and musyarakah contract. Mudharabah and musyarakah is business model with sharing or partnerships between two or more parties to run businesses.

Are sharia bank financings in Indonesia procyclical?

Purpose – The study aims to determine whether Islamic banks' debt financing and equity financing are procyclical or counter-cyclical.Methodology – The data used in this study cover eight Islamic commercial banks and span from 2008 to 2020, thereby including 72 observations. The analysis employs the dynamic panel data model estimated using the GMM method (Generalized Method of Moments).Findings –The debt-based financing, under murabahah, salam, istishna, and ijarah contracts, did not display clear procyclical or counter-cyclical behavior. In contrast, equity financing based on mudharabah and musyarakah contracts demonstrated procyclical characteristics concerning economic fluctuation.Implications – Policymakers need to pay more attention to Islamic banks with a greater proportion of equity financing for both micro and macroprudential policy purposes since procyclicality is likely to be associated with higher risks. Similarly, Islamic banks with greater proportion of equity financing need to watch carefully the behavior of their equity financing concerning its effect on risks for the purpose of their risk management and prudential policy. Originality – This research paper fills in the absence of studies that examine which category of Islamic bank financing – debt-based or equity-based financing - is more procyclical.

Strategi Penyaluran Pembiayaan Sektor Konstruksi di Bank NTB Syariah

In channeling financing to the construction sector at Bank NTB Syariah there are challenges and risks faced in its implementation, including because the project being financed cannot be completed on time, there are delays in payment or the project is not paid, construction activities are delayed due to the transmission rate of the Covid-19 virus . This study aims to determine the strategy of Bank NTB Syariah in channeling financing to the construction sector in dealing with existing challenges and risks. This study uses a qualitative descriptive research method which aims to explain the strategy of Bank NTB Syariah in increasing financing growth in the construction sector with challenges and risks. The sampling technique used in this study was snowball sampling, namely key informants would appoint people who knew the problem to be studied, the data collection technique used by researchers was to conduct in-depth interviews with all informants which were then documented in the form of sound recordings, personal notes, photos, and videos, the results of interviews with informants were then analyzed and explained. The results of the study explain that in implementing the distribution of financing to the construction sector at Bank NTB Syariah it is given to construction business actors/contractors who have project contracts whose funds are sourced from the government/private budget with the aim of infrastructure development projects, financing using musyarakah contracts, Bank NTB strategy Sharia in channeling construction sector financing by conducting in-depth analysis with several stages of the process, as well as mitigating risks in dealing with existing challenges and risks.

Risk Management and Rate in Growing of Profit-Sharing Financing

As a main characteristic of Islamic banks, profit-sharing financing (PsF) has an actual influence on driving the economy in the real sector. A PsF using mudharabah and musyarakah contract is mostly channeled to fund productive businesses. This study tries to find out how the Islamic bank performance reflected by credit risk, profit-sharing rate, and liquidity can increase the PsF growth in Islamic banks. Using a quantitative approach through regression analysis, this study analyzed the impact arising from the improved credit risk, profit-sharing rate, and liquidity on the growth of PsF. The data used is secondary data obtained from statistics on Islamic banking in Indonesia (ranging from the 1st quarter of 2015 to the 4thquarter of 2021). The findings revealed that the Islamic bank performances as represented by credit risk, profit-sharing rate, and liquidity can be an indicator of growth of PsF. A low profit-sharing rate, credit risk, and liquidity risk will encourage PsF growth.

PERSPEKTIF EKONOMI ISLAM TERHADAP PENETAPAN NISBAH BAGI HASIL TABUNGAN UMUM SYARIAH DI BMT UGT NUSANTARA CAPEM NUSA DUA KEDONGANAN BADUNG BALI

Since the time of Rasulullah SAW, the economy of Muslims has been carried out with contracts that are in accordance with sharia and have become a tradition. Islamic economics is a social science that studies the economic problems of society based on Islamic values. The instrument used to apply sharia principles in the financial sector is the Baitul Maal wat Tamwil (BMT). One of them is BMT UGT Nusantara Sub Branch Nusa Dua. In sharia savings at BMT UGT Nusantara Sub Branch Nusa Dua, the percentages are set from BMT, but the process for taking profit sharing ratios is not explained, so it is not known whether the profit sharing has been fair or not. Based on this phenomenon, the focus of research is how to determine the profit sharing ratio for sharia savings at BMT UGT Nusantara Sub Branch Nusa Dua? and what is the review from the perspective of Islamic economics?. In this study, researchers used a type of qualitative research. Data collection are observation, interview and documentation. There are three procedures in data analysis techniques, they are: data reduction, data presentation and data verification. Determination of profit-sharing ratios for sharia savings using a akad musyarakah with a profit sharing of 70% for BMT and 30% for members. The nominal amount of profit-sharing rupiah for each member will differ depending on the length and amount of money kept at the BMT. The Islamic economic perspective on determining profit sharing ratios through musyarakah contracts in BMT is in accordance with Islamic economic principles because it has been fair.

Implementasi Pembiayaan Murabahah Bil Wakalah di PT. BPRS Bhakti Sumekar Cabang Pratama Ra’as Sumenep

As an intermediary institution, Islamic financial institutions (LKS) collect funds from the public through savings (savings), then channel them back to the community in the form of working capital and investment financing. One of the most dominant distributions of this financing is using a murabahah bil wakalah contract. As is the case with the BPRS Bhakti Sumekar Branch Pratama Ra'as. This study aims to find out in depth how the implementation of the contract in the field. Murabaha financing is the most dominant fund distribution scheme in LKS. Because it has a smaller risk for banks compared to implementing mudharabah and musyarakah contracts. This qualitative research uses data obtained from primary and secondary sources. Data is collected by observation, interview, and document methods. Any data that the researcher managed to collect, analyzed and tested its validity using source and method triangulation methods. The resulting conclusion is that the application of murabahah bil wakalah financing at BPRS Bhakti Sumekar Pratama Ra'as Branch is carried out with two contracts, namely starting with the wakalah contract first, then continuing with the murabahah contract. It's just that these two contracts are not set forth in their respective evidence, but are united in one contract agreement. This adaptation was made due to the efficiency and effectiveness aspects of time due to the limited number of BPRS personnel to serve the large number of financing customers.

Analisis Perlakuan Akuntansi terhadap Pembiayaan Musyarakah pada Bank Syariah Indonesia KCP Blangpidie Kuta Tuha

This study analyzes the accounting treatment of Musyarakah financing at Bank Syariah Indonesia (BSI) KCP Blangpidie Kuta Tuha to determine whether implementing the Musyarakah contract at the BSI KCP Blangpidie Kuta Tuha is following PSAK No. 106. This study uses a qualitative descriptive research method using primary and secondary data sources collected through field observations, interviews with bank managers, and documentation. The results of this study indicate that the accounting treatment at BSI KCP Blangpidie Kuta Tuha regarding recognition, measurement, and disclosure follows PSAK No. 106. However, the accounting treatment related to the presentation is not tracking PSAK No. 106 because BSI presents cash and assets as musyarakah receivables, whereas based on PSAK 106, paragraph 35 states that cash or assets handed over to active partners are presented as musyarakah investments. BSI KCP Blangpidie Kuta Tuha is expected to be able to ensure the Musyarakah financing under PSAK No. 106.