Implementation of Sharia Compliance in Murabahah Agreement at Bank Syariah Mandiri Ponorogo

Sharia Banking is a business entity that collects funds from the public and channels them back based on Islamic sharia law principles, which are required to fulfill sharia compliance principles. Sharia compliance is an important pillar in the development of Islamic banking and at the same time becomes a fundamental as a differentiator between Islamic banks and conventional banks. One product that causes the perception of "the same" between conventional banks and Islamic banks is the murabaha contract. This study concludes that the existing murabaha contract at Bank Syariah Mandiri is not the same as that of a conventional bank, because this bank has complied with all the provisions stipulated by the National Sharia Board. Bank Syariah Mandiri Ponorogo also minimizes the misuse of funds in murabahah contracts by using a wakalah agreement only for price negotiations not for purchasing goods.