The Implementation of Sharia Compliance in the Murabaha Contract

DOI

10.2991/assehr.k.200225.103How to use a DOI?

Keywords

murabaha, Islamic banks, sharia compliance

Abstract

Murahaba contract is a contract that predominates all financing in sharia banking. The prudential principle on risk and loss forms the background in sharia banks’ choosing the murabaha contract as the preferred contract. The murabaha contract as applied by sharia banks has been modified and adapted to suit today’s conditions. However, it is these modifications that sometimes cause sharia banks to lack compliance with Islamic principles. This research is a literature study by inductive analysis from which a conclusion can then be drawn. It may be concluded from the research that the factors that cause a lack of compliance in sharia banks include differing definitions from different regulators, which give rise to different understandings, and a representation in the purchase of goods.

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/).

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TY  - CONF
AU  - Mohammad Ghozali
AU  - Abdul Hafidz Zeid
AU  - Ika Prastyaningsih
AU  - Roifatus Syauqoti
PY  - 2020
DA  - 2020/03/03
TI  - The Implementation of Sharia Compliance in the Murabaha Contract
BT  - Proceedings of the 2nd Social and Humaniora Research Symposium (SoRes 2019)
PB  - Atlantis Press
SP  - 479
EP  - 481
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.200225.103
DO  - 10.2991/assehr.k.200225.103
ID  - Ghozali2020
ER  -