Hybrid Contracts on Sharia Banking: Study on Home Ownership Financing Product by Musharakah Mutanaqishah
- DOI
- 10.2991/assehr.k.200529.170How to use a DOI?
- Keywords
- hybrid contracts, musharakah mutanaqishah, sharia banking
- Abstract
One form of hybrid contract that is currently widely used by Islamic banking is the Musharakah Mutanaqishah contract; that is, financing products based on the musharakah principle, namely: Shirkah al-inan whose portion (hisbah) capital of one of the banks is reduced due to gradual commercial transfers to customers. This research is a qualitative research, with primary and secondary data sources, obtained through observation, interviews, and documentation. With the Huberman and Miles model data analysis method with four steps, namely data collection, data reduction, data display, and data verification. The results showed that the hybrid contract model in the Musharakah mutanaqishah contract on the Muamalat iB KPR product at Bank Muamalat Indonesia Tbk Surabaya Mas Mansur used two separate contracts, the Musharakah and Ijarah contracts. This is in accordance with the provisions of fatwa F DSN-MUI No. 72 year 2008 concerning musharakah mutanaqishah. The application of the musharakah mutanaqishah contract to the KPR Muamalat mortgage products, in terms of harmony and conditions, as well as the use of musharakah and ijarah contracts have also been in line with DSN MUI No. 08/DSN-MUI/IV/200 concerning musharakah and DSN MUI Fatwa Number 09/DSN_MUI/IV/2000 concerning ijarah and also DSN-MUI Fatwa No. 72 of 2008 concerning the Musharakah Mutanaqishah contract.
- Copyright
- © 2020, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Abdul Wahab PY - 2020 DA - 2020/05/04 TI - Hybrid Contracts on Sharia Banking: Study on Home Ownership Financing Product by Musharakah Mutanaqishah BT - Proceedings of the 1st Borobudur International Symposium on Humanities, Economics and Social Sciences (BIS-HESS 2019) PB - Atlantis Press SP - 805 EP - 809 SN - 2352-5398 UR - https://doi.org/10.2991/assehr.k.200529.170 DO - 10.2991/assehr.k.200529.170 ID - Wahab2020 ER -