Analysis of Implementation of Murabahah Contract in Agricultural Financing at Indonesian Sharia Bank Branch Office Jambi (Hybrid Contract Model as Alternative Solution)

This study aims to analyze the application of murabahah in agricultural financing at Bank Syariah Indonesia Mattaher Branch Office Jambi City. Limited capital and difficult access to financing facilities are one of the main problems faced by most farmers in Indonesia. The role of banks as financial intermediary institutions in agricultural financing is still very low. The financing channeled in the agricultural sector is still very minimal, even though Islamic banking has a variety of contracts that have great potential to enter the agricultural business sector. This research is qualitative research conducted at Bank Syariah Indonesia Jambi Branch Office. This research uses an interpretive approach. The instrument of this research used an interview or interview instrument. The data sourced from primary data, namely interviews and secondary data in the form of literature studies. The results of the study indicate that the application of murabahah to agricultural financing at Bank Syariah Indonesia Jambi Branch Office is intended for the purchase of agricultural land or agricultural equipment. Murabahah are not appropriate to be applied to the agricultural sector because they have not been able to answer the needs of farmers. A more appropriate contract is profit sharing such as muzara'ah or mukhabarah. Therefore, alternative contracts in the agricultural sector based on hybrid contracts , namely ba'i al-wafa wal muzara'ah and ba'i al-wafa wal mukhabarah is recommended.