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https://repository.unej.ac.id/xmlui/handle/123456789/91350
Title: | Murabaha as an Islamic Financial Instrument for Agriculture |
Authors: | Puspitasari, Novi Hidayat, Sutan Emir Kusmawati, Farida |
Keywords: | Murubaha Agriculture Islamic microfinance institution |
Issue Date: | 17-Jul-2019 |
Abstract: | This study aims to explore the application of Murabaha contracts in agriculturul sector, The study \V-JS conducted at Islamic m.iccofi:nance institution namely Islamic Financial Services Cooperative (lFSC) Al-Hikmah located in Paleran Villagc, Urnbulsari District, Jember Regency, Indonesia. This paper employs qualitative research with a case study approach. The method used for the informant's determination is snowball method. Th.is paper found four important points: Firstly, there are three models of the application of Murabaha, namely goods-based Mnrubaha; cash-based Murabaha; and business capital-based Mu.rabaha. Goods-based Murabaha is .in accordance with sharia compliance, but the cash-based Murabaha is still not suitable because the Murabaha contract is not equipped with wa.kalah contract. Secondly, there are two risks namely goods expiring on goods-based Murabaha concept and the risk of late payment due to failed crops on cash-based Murabaha. Thirdly, the provided amount of funding is only 30% of the estimated agricultural output. Fourthly, Al-Hikmah requests collateral for Murnbahu financing. |
Description: | Journal of Islamic Financial Studies, 5, No. l (June-2019) |
URI: | http://repository.unej.ac.id/handle/123456789/91350 |
ISSN: | 2469-259X |
Appears in Collections: | LSP-Jurnal Ilmiah Dosen |
Files in This Item:
File | Description | Size | Format | |
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F. EB_Jurnal_Novi P_Murabaha.pdf | 6.46 MB | Adobe PDF | View/Open |
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