SoRes 2019 Conference

The Implementation of Sharia Compliance in the Murabaha Contract
Mohammad Ghozali, Abdul Hafidz Zeid, Ika Prastyaningsih, Roifatus Syauqoti

University of Darussalam Gontor


Abstract

Murabaha contract is a contract that dominates all financing in Islamic banking. The precautionary principle of risk and loss is the backgroud of Islamic banks in choosing murabaha contract as a superior contract. Murabaha contract applied by Islamic banks has been modified and adapted so that it can be adjusted to the current situation. But this modification that sometimes leads to disobedience of Islamic banks to Islamic principles. This research is a library research with inductive analysis which can than be concluded. From the research it can be concluded that the factors that cause noncompliance of Islamic banking include the different definition of murabaha from the regulators so that it causes different understanding, as well as the presence in the purchase of goods.

Keywords: Murabaha, Islamic banks, Sharia compliance

Topic: Law

Link: https://ifory.id/abstract-plain/WkCM72Gu6qV3

Web Format | Corresponding Author (Roifatus Syauqoti)