Proceedings of the 3rd International Conference of Islamic Finance and Business, ICIFEB 2022, 19-20 July 2022, Jakarta, Indonesia

Research Article

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

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  • @INPROCEEDINGS{10.4108/eai.19-7-2022.2328232,
        author={Habriyanto  Habriyanto and Sucipto  Sucipto and Rahmi  Pratiwi},
        title={Analysis of Implementation of Murabahah Contract in Agricultural Financing at Indonesian Sharia Bank Branch Office Jambi (Hybrid Contract Model as Alternative Solution) },
        proceedings={Proceedings of the 3rd International Conference of Islamic Finance and Business, ICIFEB 2022, 19-20 July 2022, Jakarta, Indonesia},
        publisher={EAI},
        proceedings_a={ICIFEB},
        year={2023},
        month={4},
        keywords={islamic bank hybrid contract murabahah agricultural financing},
        doi={10.4108/eai.19-7-2022.2328232}
    }
    
  • Habriyanto Habriyanto
    Sucipto Sucipto
    Rahmi Pratiwi
    Year: 2023
    Analysis of Implementation of Murabahah Contract in Agricultural Financing at Indonesian Sharia Bank Branch Office Jambi (Hybrid Contract Model as Alternative Solution)
    ICIFEB
    EAI
    DOI: 10.4108/eai.19-7-2022.2328232
Habriyanto Habriyanto1,*, Sucipto Sucipto1, Rahmi Pratiwi1
  • 1: UIN Sultan Thaha Saifuddin Jambi
*Contact email: habriyanto781@gmail.com

Abstract

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.