The Implementation of Sharia Compliance in the Murabaha Contract
- 10.2991/assehr.k.200225.103How to use a DOI?
- murabaha, Islamic banks, sharia compliance
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.
- © 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/).
Cite this article
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 -