dc.contributor.author | Puspitasari, Novi | |
dc.contributor.author | Hidayat, Sutan Emir | |
dc.contributor.author | Kusmawati, Farida | |
dc.date.accessioned | 2019-07-10T10:54:28Z | |
dc.date.available | 2019-07-10T10:54:28Z | |
dc.date.issued | 2019-06-01 | |
dc.identifier.uri | https://journal.uob.edu.bh:443/handle/123456789/3565 | |
dc.description.abstract | This study aims to explore the application of Murabaha contracts in agricultural sector. The study was conducted at Islamic microfinance institution namely Islamic Financial Services Cooperative (IFSC) Al-Hikmah located in Paleran Village, Umbulsari District, Jember Regency, Indonesia. This paper employs qualitative research with a case study approach. The method used for the informant’s determination is snowball method. This paper found four important points: Firstly, there are three models of the application of Murabaha, namely goods-based Murabaha; cash-based Murabaha; and business capital-based Murabaha. Goods-based Murabaha is in accordance with sharia compliance, but the cash-based Murabaha is still not suitable because the Murabaha contract is not equipped with wakalah contract. Secondly, there are two risks namely goods expiring on goods-based Murabaha concept and the risk of late payment due to failed crops on cash-based Murabaha. Thirdly, the provided amount of funding is only 30% of the estimated agricultural output. Fourthly, Al-Hikmah requests collateral for Murabaha financing. | en_US |
dc.rights | Attribution-NonCommercial-NoDerivatives 4.0 International | * |
dc.rights.uri | http://creativecommons.org/licenses/by-nc-nd/4.0/ | * |
dc.subject | Murabaha | en_US |
dc.subject | Agriculture | en_US |
dc.subject | Islamic microfinance institution | en_US |
dc.title | Murabaha as an Islamic Financial Instrument for Agriculture | en_US |
dc.identifier.doi | http: //dx.doi.org/10.12785/jifs/050104 | |
dc.volume | Volume 5 | en_US |
dc.issue | Issue 1 | en_US |
dc.contributor.authorcountry | Indonesia | en_US |
dc.contributor.authorcountry | Indonesia | en_US |
dc.contributor.authoraffiliation | Faculty of Economics and Business, University of Jember | en_US |
dc.contributor.authoraffiliation | Directorate of Islamic Financial Education and Research, National Islamic Finance Committee, Indonesia | en_US |
dc.contributor.authoraffiliation | Faculty of Economics and Business, University of Jember | en_US |
dc.source.title | Journal of Islamic Financial Studies | en_US |
The following license files are associated with this item: