Juridical and Economic Analysis of Profit Margin Discounts in Murabahah Financing Early Settlement
DOI:
https://doi.org/10.31958/jisrah.v5i3.13748Kata Kunci:
Profit Margin, Murabahah, Early SettlementAbstrak
The purpose of this study is to explain the implementation of profit margin discounts at BSI KC Bukittinggi Sudirman 1 concerning DSN MUI Fatwa No. 23/DSN-MUI/III/2002 on Discounts for Early Settlement in Murabahah and DSN MUI Fatwa No. 153/DSN-MUI/VI/2022 on Early Settlement of Murabahah Financing Debt. This research is field research with a qualitative approach. Data were collected using interview and documentation techniques.  The research explores how the implementation of profit margin discounts in the early settlement of Murabahah financing is carried out at BSI KC Bukittinggi Sudirman 1, how BSI KC Bukittinggi Sudirman 1 responds to DSN MUI Fatwa No. 153/DSN-MUI/VI/2022 on Early Settlement of Murabahah Financing Debt, and what impacts arise from the implementation of DSN MUI Fatwa No. 153/DSN-MUI/VI/2022 on the practice of profit margin discounts at BSI KC Bukittinggi Sudirman 1. This study finds that the implementation of profit margin discounts in early settlement of Murabahah financing, as governed by DSN MUI Fatwa No. 23/DSN-MUI/III/2002 on Discounts for Early Settlement in Murabahah, differs from the implementation under DSN MUI Fatwa No. 153/DSN-MUI/VI/2022 on Early Settlement of Murabahah Financing Debt. Initially, the profit margin discount was permitted but became mandatory following the issuance of the second fatwa. BSI KC Bukittinggi Sudirman 1 responded positively to the second fatwa, although several impacts arose from its implementation based on DSN MUI Fatwa No. 153/DSN-MUI/VI/2022 on Early Settlement of Murabahah Financing Debt.
 
Referensi
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Abdullah, F. D., Mubarak, J., Al Hakim, S., & Witro, D. (2023). Analisis Fatwa Dewan Syariah Nasional Majelis Ulama Indonesia Nomor 91/DSN-MUI/IV/2014 Tentang Pembiayaan Sindikasi pada Proyek Tol Solo-Yogyakarta oleh Bca Syariah. JISRAH: Jurnal Integrasi Ilmu Syariah, 4(3), 281–288.
Afra, C., Eriyanti, N., & Mohamed Arif, N. (2023). Settlement Of Defects In Murabahah Financing At Bank Aceh Syariah Regional Bireuen, Indonesia. JURISTA: Jurnal Hukum Dan Keadilan, 7(2), 201–221. https://doi.org/10.22373/jurista.v7i2.78
Al-Fijawi, M. F. A., & Yunus, S. M. (2019). Modern Applications of Profit-Sale (Bayʿ Murābaḥah) from a Maqāṣid Sharīʿah Perspective. Al-Shajarah: Journal of the International Institute of Islamic Thought and Civilization (ISTAC), 24(1), 49–99.
Al Rahahleh, N., Ishaq Bhatti, M., & Najuna Misman, F. (2019). Developments in Risk Management in Islamic Finance: A Review. Journal of Risk and Financial Management, 12(1), 37. https://doi.org/10.3390/jrfm12010037
Atsani, U. (2022). Purification of Sharia Banking Law in the National Banking System. JURIS (Jurnal Ilmiah Syariah), 21(1), 101. https://doi.org/10.31958/juris.v21i1.5725
Faizi, F. (2024). How are Islamic Banking Products Developed? Evidence from Emerging Country. Cogent Economics & Finance, 12(1). https://doi.org/10.1080/23322039.2024.2378961
Hamsin, M. K., Halim, A., Anggriawan, R., & Fanani, A. (2022). Sharia Compliance on Murabaha Financing in Sharia Rural Banks: A Review of Recent Practices. Varia Justicia, 18(3), 231–247. https://doi.org/10.31603/variajusticia.v18i3.8376
Husein, M. H. A. ., Mujib, A., & Suleman, N. H. (2022). The Urgency Of Rescheduling Policy As A Solution To Sharia Banking Dispute On Murabahah Agreements. Tasharruf: Journal Economics and Business of Islam, 7(2), 170. https://doi.org/10.30984/tjebi.v7i2.2106
Ibrahim, A., & Salam, A. J. (2021). A Comparative Analysis of DSN-MUI Fatwas Regarding Murabahah Contract and the Real Context Application (A study at Islamic Banking in Aceh). Samarah: Jurnal Hukum Keluarga Dan Hukum Islam, 5(1), 372. https://doi.org/10.22373/sjhk.v5i1.8845
Ishak, M. S. I. (2019). The Principle of Maṣlaḥah and Its Application in Islamic Banking Operations in Malaysia. ISRA International Journal of Islamic Finance, 11(1), 137–146. https://doi.org/10.1108/IJIF-01-2018-0017
Jaber, A. (2024). Islamic Banks’ Profit and Violations in Murābaḥah Financing. International Journal of Islamic Finance and Sustainable Development, 16(3). https://doi.org/10.55188/ijifsd.v16i3.903
Mahvish Nawaz Mokal, Zaki Ahmad, Auni Zulfaka, & Abi Huraira Rifas. (2024). Murabaha & Tawarruq: An Examination of Issues and Challenges from an Accounting Perspective. Journal of Islamic Finance, 13(1 SE-Articles), 42–56. https://journals.iium.edu.my/iiibf-journal/index.php/jif/article/view/884
Maksum, M. (2023). The Mechanism of Avoiding Riba in Islamic Financial Institutions: Experiences of Indonesia and Malaysia. JURIS (Jurnal Ilmiah Syariah), 22(2), 235. https://doi.org/10.31958/juris.v22i2.6952
Mardiaton, M., Umar, M. N., & Hasnita, N. (2024). Islamic Law Review of the Principle of Freedom of Contract in Murabahah Contracts. Advances In Social Humanities Research, 2(8), 986–996. https://doi.org/10.46799/adv.v2i3.200
Miller, A., Bentov, I., Bakshi, S., Kumaresan, R., & McCorry, P. (2019). Sprites and State Channels: Payment Networks that Go Faster Than Lightning. In Financial Cryptography and Data Security (pp. 508–526). https://doi.org/10.1007/978-3-030-32101-7_30
Muneeza, A., Zainudin, N. A., Ali, R., Ibrahim, S. N., & Mustapha, Z. (2019). Application of Ta’widh and Gharamah in Islamic Banking in Malaysia. The Journal of Muamalat and Islamic Finance Research, 16(1), 1–16. https://doi.org/10.33102/jmifr.v16i1.205
Muqorobin, A., & Kurniawan, C. S. (2022). Installment Sale: Its Contemporary Application In Islamic Banking Finance (Case Study Brunei Darussalam). Malaysian Journal of Syariah and Law, 10(1), 1–10. https://doi.org/10.33102/mjsl.vol10no1.268
Nabilah, W., & Hayah, Z. (2022). Filosofi Kemaslahatan Dalam Aksiologi Hukum Islam (Telaah Kitab Maqashid Syariah). El -Hekam. https://doi.org/10.31958/jeh.v7i1.5810
Nurhikma, N., Atsani, U., & Akbar, K. (2021). Juridical Overview of The Financing of MSME Micro Capital Service Unit (ULaMM) Syariah. JURIS (Jurnal Ilmiah Syariah), 20(2), 239. https://doi.org/10.31958/juris.v20i2.3063
Ramadhan, A. (2023). Settlement of Default Disputes in Murabahah Agreements Through Mediation in the Perspective of Islamic Bond Law (Study of the Analysis of the Decision of the Banyumas Religious Court No. 1696/Pdt. G/2020/PA. Bms.). International Journal of Social and Management Studies, 4(5), 72–81. https://doi.org/https://doi.org/10.5555/ijosmas.v4i5.371
Rosdiana, E., Lampe, M., Hamka, I. M., & Sukriya, A. (2024). Selling Behaviour in Installments from a Socio-Cultural and Islamic Perspective: A Case Study of the People of Bone-Bone Sub-district, South Sulawesi, Indonesia. Al-Amwal : Journal of Islamic Economic Law, 9(1), 01–17. https://doi.org/10.24256/alw.v9i1.4696
Wang, L., Tian, J., Si, Y., & Sun, X. (2021). Optimal Duration, Rate and Price when Online Retailers Offer Installment Payment Services. Nankai Business Review International, 12(1), 96–121. https://doi.org/10.1108/NBRI-08-2019-0039
Yan, N., Liu, Y., Xu, X., & He, X. (2020). Strategic Dual-Channel Pricing Games with E-Retailer Finance. European Journal of Operational Research, 283(1), 138–151. https://doi.org/10.1016/j.ejor.2019.10.046
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