The Practice of Islamic Contracts in Islamic Bank X

DOI

10.2991/978-94-6463-026-8_13How to use a DOI?

Keywords

Islamic contracts; Islamic bank; Murabahah; Musyarakah

Abstract

The aim of the research is to explore the practice of Islamic contracts at Islamic Bank X, particularly from a financial standpoint, as a preliminary to doing applied education research. The exploratory descriptive approach is used in this study, with data collected through interviews with employees of Islamic Bank X. The Bank utilizes Islamic contracts in its savings and financing products, including Mudharabah and Wadiah contracts for savings, and Murabahah and Musyarakah sale and buy contracts for financing. Murabaha contracts are the most frequently used in finance, although Salam contracts are not used. When making computations, Bank X follows specific procedures and adheres to Islamic principles.

Copyright

© 2023 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Nur Indah Riwajanti
AU  - Kartika D. S. Susilowati
AU  - Nurafni Eltivia
AU  - Oktaviana Dwi Hariani
PY  - 2022
DA  - 2022/12/10
TI  - The Practice of Islamic Contracts in Islamic Bank X
BT  - Proceedings of the 3rd Annual Management, Business and Economics Conference (AMBEC 2021)
PB  - Atlantis Press
SP  - 118
EP  - 124
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-026-8_13
DO  - 10.2991/978-94-6463-026-8_13
ID  - Riwajanti2022
ER  -