PROCESS ANALYSIS AND MURABAHAH CONTRACTS IN SHARIA BANK FINANCING

Abstract

In Islamic bank financing activities, Murabahah is the most popular product. Apart from being easy to calculate, both for customers and bank management, this product has several similarities (which are not in principle) with the credit system in conventional banking. However, in principle, Murabaha is very different from interest rates in conventional banking. In addition, from a syara ' point of view, there is no interest element in Murabaha financing, but the margin adds to the cost of purchase, so it is not against sharia. However, a fatwa is still needed to answer various public questions about Murabaha financing that has been practiced by banks with sharia principles so far, as well as the legality of syar'i for the operations carried out. It is for this purpose that this research was conducted, looking at the extent to which Islamic banks with the fatwa of the National Sharia Council - Indonesian Ulema Council (DSN-MUI) comply, especially regarding the Murabahah financing process and contracts . And as a result, Islamic banks have not only contradicted the DSN-MUI fatwa, but also violated several Islamic bank rules and regulations, as well as the provisions of the Sharia Economic Law Compilation (KHES), in the process and the Murabaha contracts they use.