Contract agreement model for murabahah financing in Indonesia Islamic banking

The purpose of this paper is to measure the pattern of contract agreement process to map various banks’ position in perceiving Sharia conduct. This is done by incorporating the dynamics of culture, market demand and Sharia literacy in different banks. Finding of this research will serve as the formu...

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Main Authors:	Wulandari, Permata, , Niken Iwani Surya Putri, Kassim, Salina, Sulung, Liyu Adikasari
Format:	Article
Language:	English English
Published:	Emerald Group Publishing Limited 2016
Subjects:	HC Economic History and Conditions HC79 Special topics. Including air pollution, consumer demands,famines, flow of fund etc HG Finance HG1501 Banking
Online Access:	http://irep.iium.edu.my/51963/ http://irep.iium.edu.my/51963/ http://irep.iium.edu.my/51963/ http://irep.iium.edu.my/51963/1/004%20IMEFM%20Wulan%20Contract.pdf http://irep.iium.edu.my/51963/7/51963-Contract%20agreement%20model%20for%20murabahah%20financing%20in%20Indonesia%20Islamic%20banking_SCOPUS.pdf

id	iium-51963
recordtype	eprints
spelling	iium-519632017-03-17T02:24:12Z http://irep.iium.edu.my/51963/ Contract agreement model for murabahah financing in Indonesia Islamic banking Wulandari, Permata , Niken Iwani Surya Putri Kassim, Salina Sulung, Liyu Adikasari HC Economic History and Conditions HC79 Special topics. Including air pollution, consumer demands,famines, flow of fund etc HG Finance HG1501 Banking The purpose of this paper is to measure the pattern of contract agreement process to map various banks’ position in perceiving Sharia conduct. This is done by incorporating the dynamics of culture, market demand and Sharia literacy in different banks. Finding of this research will serve as the formula to map the latent degree of Islamic bank’s commitment to their strategic vision and identity as an Islamic-based financial institution. This research develops its theoretical background in classical and contemporary literature review on murabahah contract in Islamic perspective. Focus group discussion (FGD) and in-depth interview are conducted on 32 bankers (in 14 Islamic banks), two National Sharia Council, five academicians and three central bank representatives as an input for qualitative analysis. Content analysis is utilized in this paper to emphasize the process of discovering the relationship between dynamic factors affecting contract agreement process in murabahah scheme in Indonesian banking. There are four dimensions affecting the contract agreement: fairness to customer,country regulation, perceived business practicality and product characteristic. The four dimensions are assumed to be influenced with categories proposed, as the category item is mostly repeated and is perceived to be significant in the participant’s perspective. Emerald Group Publishing Limited 2016 Article PeerReviewed application/pdf en http://irep.iium.edu.my/51963/1/004%20IMEFM%20Wulan%20Contract.pdf application/pdf en http://irep.iium.edu.my/51963/7/51963-Contract%20agreement%20model%20for%20murabahah%20financing%20in%20Indonesia%20Islamic%20banking_SCOPUS.pdf Wulandari, Permata and , Niken Iwani Surya Putri and Kassim, Salina and Sulung, Liyu Adikasari (2016) Contract agreement model for murabahah financing in Indonesia Islamic banking. International Journal of Islamic and Middle Eastern Finance, 9 (2). pp. 190-204. E-ISSN 1753-8394 http://www.emeraldinsight.com/doi/abs/10.1108/IMEFM-01-2015-0001 10.1108/IMEFM-01-2015-0001
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	HC Economic History and Conditions HC79 Special topics. Including air pollution, consumer demands,famines, flow of fund etc HG Finance HG1501 Banking
spellingShingle	HC Economic History and Conditions HC79 Special topics. Including air pollution, consumer demands,famines, flow of fund etc HG Finance HG1501 Banking Wulandari, Permata , Niken Iwani Surya Putri Kassim, Salina Sulung, Liyu Adikasari Contract agreement model for murabahah financing in Indonesia Islamic banking
description	The purpose of this paper is to measure the pattern of contract agreement process to map various banks’ position in perceiving Sharia conduct. This is done by incorporating the dynamics of culture, market demand and Sharia literacy in different banks. Finding of this research will serve as the formula to map the latent degree of Islamic bank’s commitment to their strategic vision and identity as an Islamic-based financial institution. This research develops its theoretical background in classical and contemporary literature review on murabahah contract in Islamic perspective. Focus group discussion (FGD) and in-depth interview are conducted on 32 bankers (in 14 Islamic banks), two National Sharia Council, five academicians and three central bank representatives as an input for qualitative analysis. Content analysis is utilized in this paper to emphasize the process of discovering the relationship between dynamic factors affecting contract agreement process in murabahah scheme in Indonesian banking. There are four dimensions affecting the contract agreement: fairness to customer,country regulation, perceived business practicality and product characteristic. The four dimensions are assumed to be influenced with categories proposed, as the category item is mostly repeated and is perceived to be significant in the participant’s perspective.
format	Article
author	Wulandari, Permata , Niken Iwani Surya Putri Kassim, Salina Sulung, Liyu Adikasari
author_facet	Wulandari, Permata , Niken Iwani Surya Putri Kassim, Salina Sulung, Liyu Adikasari
author_sort	Wulandari, Permata
title	Contract agreement model for murabahah financing in Indonesia Islamic banking
title_short	Contract agreement model for murabahah financing in Indonesia Islamic banking
title_full	Contract agreement model for murabahah financing in Indonesia Islamic banking
title_fullStr	Contract agreement model for murabahah financing in Indonesia Islamic banking
title_full_unstemmed	Contract agreement model for murabahah financing in Indonesia Islamic banking
title_sort	contract agreement model for murabahah financing in indonesia islamic banking
publisher	Emerald Group Publishing Limited
publishDate	2016
url	http://irep.iium.edu.my/51963/ http://irep.iium.edu.my/51963/ http://irep.iium.edu.my/51963/ http://irep.iium.edu.my/51963/1/004%20IMEFM%20Wulan%20Contract.pdf http://irep.iium.edu.my/51963/7/51963-Contract%20agreement%20model%20for%20murabahah%20financing%20in%20Indonesia%20Islamic%20banking_SCOPUS.pdf
first_indexed	2023-09-18T21:13:41Z
last_indexed	2023-09-18T21:13:41Z
_version_	1777411420113076224

Contract agreement model for murabahah financing in Indonesia Islamic banking

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