Implementation Strategy of the Mutanaqishah Musyarakah Academic at Home Ownership Financing in Sharia Banks in Indonesia

Anggraini, Tuti; Nasution, M. Yasir; Soemitra, Andri

doi:10.33258/birci.v4i2.1941

Cited by 7 publications

(6 citation statements)

References 3 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…However, in reality, some Islamic banks still classify mushārakah mutanāqiṣah as a financing facility and ask customers to handle all these costs. 49 Apart from that, the application of wa'ad (agreement) in mushārakah mutanāqiṣah is also an important issue that needs attention. Wa'ad is used to guarantee payment of property promised by the partners.…”

Section: Important Practical Challenges In Malaysiamentioning

confidence: 99%

Mushārakah Mutanāqiṣah (Diminishing Partnership) Regulation for Housing Finance in Indonesian and Malaysian Law

Asyiqin,

Akbar,

Onielda

et al. 2024

Ahkam

View full text Add to dashboard Cite

The housing business continues to grow along with the increasing need for the fulfillment of housing. This research delves into the application of mushārakah mutanāqiṣah in housing finance within Indonesia and Malaysia, scrutinizing their regulations and relevant governing institutions. Employing a normative legal approach, it explores legal principles, systematics, synchronization, and historical context about this financing method. Employing inductive, deductive, and comparative methods, it analyzes regulations and practices in both countries. By offering insights into the potential and challenges of implementing mushārakah mutanāqiṣah in housing finance, the study aims to provide recommendations for regulatory enhancements, fatwa institutions, product development, and adherence to sharī’ah principles. This research is crucial for deepening understanding and facilitating improvements in various sectors related to housing finance within the context of Islamic finance in Indonesia and Malaysia.

show abstract

Section: Important Practical Challenges In Malaysiamentioning

confidence: 99%

Mushārakah Mutanāqiṣah (Diminishing Partnership) Regulation for Housing Finance in Indonesian and Malaysian Law

Asyiqin,

Akbar,

Onielda

et al. 2024

Ahkam

View full text Add to dashboard Cite

show abstract

“…31 of 2002 on Debt Transfer, it has been temporarily allowed to use murabahah in case of an emergency. 45 The fatwa states that taking over from conventional banks to Islamic banks is actually does not allow the use of murabahah because of bai 'al-inah. However, for the benefit of the purpose of releasing Muslims from the shackles of conventional banking, use of murabahah has temporarily been granted.…”

Section: Jurnal Media Hukum 31(1): 1-18mentioning

confidence: 99%

Musyarakah Mutanaqisah: Strengthening Islamic Financing in Indonesia and Addressing Murabahah Vulnerabilities

Asyiqin,

Alfurqon

2024

JMH

View full text Add to dashboard Cite

The article analyses to examine the practice of murabahah and musyarakah mutanaqisah financing in sharia banking in Indonesia. Islamic finance plays an important role in the Indonesian economy, contributing to financial inclusion and encouraging ethical practices and sharia compliance. Among the various Islamic financing models, musyarakah mutanaqisah has become famous as an alternative to conventional financing methods. The aticle method used is qualitative research with secondary data and doctrinal legal study methods. This article uses sustainable product innovation, modernization, and compliance with sharia principles. The results of the article found that the implementation of murabahah has several weaknesses, including: it is considered not in accordance with sharia, the nature of the contract is fixed, the down payment for sharia housing loans by murabahah is high, it is based on sharia, and cannot be used for refinancing, takeovers, and securing assets. The advantages of musyarakah mutanaqisah can be a solution to murabahah's weaknesses, because musyarakah mutanaqisah is safe according to sharia, suitable for long-term financing, down payments for sharia mortgages by musyarakah mutanaqisah are low, and according to sharia, musyarakah mutanaqisah can also be used for refinancing, takeovers and securing assets.

show abstract

“…The benefits obtained are not only in this world but also in the hereafter. Thus the concept of profit in Islam gets legitimacy [18].…”

Section: Sharia Economic Principlesmentioning

confidence: 99%

The Strategy of Sharia Economics in Realizing the Prosperity of the Ummah in Industry 4.0

Amrin¹,

Sujoko²,

Asmawi³

et al. 2023

Proceedings of the 5th International Graduate Conference in Islam and Interdisciplinary Studies, IGCIIS 2022, 19-20 October 202

View full text Add to dashboard Cite

In the midst of an economy experiencing turmoil with uncertainty, it is required to produce a concept for building a solid economic system. This study aims to explain the strategy of the Islamic economic system in realizing the prosperity of the people in industry 4.0. This type of research uses a qualitative type with library research. While the research approach used is descriptive analysis. The data analysis used is using qualitative data analysis. The results of the study indicate that the Islamic economic system in Indonesia has not shown good and significant results in realizing the prosperity of the people. So that it requires steps and strategies in developing sharia economics, namely first, strengthening public awareness regarding sharia economic literacy, increasing and empowering Human Resources (HR) both in quality and quantity, and strengthening research and development (R&D) capacity. Second, Strengthening Fatwas, Regulations (Laws) and governance. Third, strengthening and expanding the halal network until the formation of halal in every region throughout Indonesia from upstream to downstream and the halal value chain. Fourth, strengthening the Islamic financial sector Strengthening the Islamic finance sector. Fifth, strengthening micro, medium and macroeconomic enterprises. Sixth, the strengthening and development of the economy based.

show abstract

Implementation Strategy of the Mutanaqishah Musyarakah Academic at Home Ownership Financing in Sharia Banks in Indonesia

Cited by 7 publications

References 3 publications

Mushārakah Mutanāqiṣah (Diminishing Partnership) Regulation for Housing Finance in Indonesian and Malaysian Law

Mushārakah Mutanāqiṣah (Diminishing Partnership) Regulation for Housing Finance in Indonesian and Malaysian Law

Musyarakah Mutanaqisah: Strengthening Islamic Financing in Indonesia and Addressing Murabahah Vulnerabilities

The Strategy of Sharia Economics in Realizing the Prosperity of the Ummah in Industry 4.0

Contact Info

Product

Resources

About