Ekonomi Syari’ah: Tinjauan Kritis Produk Murabahah dalam Perbankan Syari’ah di Indonesia

Abstract

?e term “Murabaha” refers to contracts in which a financial institution purchases goods upon the request of a client, who makes deferred payments that cover costs and agreed-upon profit margin for the financial institution. ?e financial institution handles payment to a supplier and the incidental expenses of delivery (against a deferred payment made by the buyer to cover delivery costs and agreed- upon share of the buyer’s mark-up). Murabaha is the most widely used instrument of Islamic banking with seventy-five percent of total contract being murabaha based. It is widely used in consumer and corporate financing as well as in subordinated or term financing. ?e aim of this paper is to review and analyze the murabaha contract, the most important investment mechanism in Islamic banking today both in its theoretical and practical aspects.