Implementasi Akad Murabahah pada Pembiayaan di BMT An-Nawawi Berjan Purworejo

Abstract

Murabahah is a sale-based contract used in financing by Islamic financial institutions, whose implementation requires clarity of the object, acquisition cost, profit margin, and ownership of the goods prior to the sale transaction. This study aims to analyze the implementation of the murabahah contract in financing at BMT An-Nawawi Berjan Purworejo and examine its conformity with Islamic principles and provisions. This study employed a descriptive qualitative approach, with data collected through interviews, observation, and documentation. The data were analyzed descriptively and analytically by comparing the financing practices identified in the field with the provisions of DSN-MUI Fatwa No. 04/DSN-MUI/IV/2000 on Murabahah. The findings indicate that murabahah financing at BMT An-Nawawi is implemented through several stages, including financing application and verification, procurement of goods, determination of the selling price and profit margin, contract execution, installment payments, and the use of collateral. The practice demonstrates conformity in terms of the clarity of the object, disclosure of the acquisition cost, agreement on the profit margin, and installment payments based on the agreed selling price. BMT An-Nawawi also applies murabahah bil wakalah by authorizing customers to purchase goods under certain circumstances. However, the ownership of goods and the sequence of wakalah and murabahah contracts require further attention to ensure that the murabahah contract is executed after the goods have, in principle, become the property of the BMT.