Implementation of Aqad Musyarakah Mutanaqisah (MMQ) Take Over Financing on KPR Products in Sharia Banks

Ashsiddiqqy, Muhammad Rafi; Monoarfa, Hilda; Cakhyaneu, Aneu

doi:10.17509/rief.v1i1.23745

Cited by 3 publications

(3 citation statements)

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“…According to studies, mortgage financing via the musyarakah mutanaqisah contract is realistically successful, with advantages such as profitability, recurring income, a robust guarantee structure, and capital adequacy advantages. 43 Musyarakah mutanaqisah financing is also more appropriately used as an instrument for conversion (restructuring) murabahah financing. When customers experience a decline in their ability to pay instalments, Islamic banks can make salvation through rescheduling murabahah financing.…”

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

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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.

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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

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“…Ketiga, kantor cabang dan agen lembaga keuangan syariah masih kurang diberbagai daerah sehingga fasilitas pembiayaan syariah seperti pembiayaan rumah dan kendaraan juga masih sangat sedikit. Keempat, aturan dan ketentuan yang tertuang dalam Fatwa DSN MUI tidak merinci baik dari segi teknis akad maupun dari segi konsep dan teori, untuk itu diperlukan pembahasan lebih detail mengenai akad musyarakah mutanaqishah (MMQ) agar dapat digunakan secara maksimal (Ashsiddiqqy et al, 2020).…”

Section: Ieb Journal Islamic Economics and Business Journalunclassified

Implementasi Akad Musyarakah Mutanaqishah Di Lembaga Keuangan Islam

Kadir

Lutfi

Sapa

et al. 2022

Islam. Econ. Bus. J.

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Some consumptive financing at Bank Muamalat and BMT are intended for customers such as mortgage products (home ownership) and vehicles, several types of contracts are executed, namely Musyarakah Mutanaqishah (MMQ). However, financing in the Musyarakah Mutanaqishah (MMQ) contract pattern still faces common problems. This study focuses on knowing the implementation of the Musyarakah Mutanaqishah (MMQ) contract on housing and vehicle financing. The research method used is a descriptive qualitative method with a literature review approach with data collection techniques namely literature study. The results showed that the implementation of the MMQ contract on housing and vehicle financing at Bank Muamalat and BMT was in line with DSN MUI Fatwa No. 73/DSN-MUI/XI/2008 concerning Musyarakah Mutanaqishah (MMQ), due to the existence of terms and conditions that there is a capital contribution of both parties between Islamic financial institutions and customers. The customer asks the financial institution to issue a partnership capital for the purchase of a house/vehicle, then the financial institution also includes partial/complementary capital so that it is referred to as an association/musyarakah then the customer pays the rent, and shares the proceeds with the bank.

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“…business capital for both parties to get profits that can be shared along with the purchase of capital goods owned by one of the partner's banks in installments. This causes the ownership of capital goods by one of the partners to decrease and become the property of one of the partner's customers as a whole(Ashsiddiqqy et al, 2020). One of the important pillars for creating Islamic Banking and Finance products in facing the demands of modern society is contract development, a single contract form is no longer able to answer the needs of contemporary financial transactions, so the hybrid contract concept is a breakthrough in product development, combining several contracts.…”

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confidence: 99%

Mutanaqishah Musyarakah Contract: A Solution To Infrastructure Investment Syndication Financing

Zulfikar

Asmuni²,

Anggraini³

2023

JESI

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This study aims to find an alternative in business activities in Islamic financial institutions, especially in Islamic banking, where when the use of a single contract in a business contract occurs, it still creates weaknesses in the process of cooperation between the customer and the bank. So that it needs to be analyzed further the use of a single contract in a business contract for long-term financing is still relevant for business purposes. This single contract in financing is in great demand by Islamic financial institutions because it is simple and simple in business activities, and of course, it can provide certainty of future income, what we often know is natural certainty contracts. However, along the way, cooperation in natural certainty contracts is not always suitable for long-term financing and the needs of large projects. This research also looks at the phenomenon of problems that occur in the cooperation of a single contract, one of which is the Murabaha contract. Due to this problem, Islamic banks have started to implement the use of multiple contracts or hybrid contracts in long-term investment financing cooperation, especially in the infrastructure sector, because the nature of business contracts is more flexible, can be reviewed, and provides the principle of fairness

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Implementation of Aqad Musyarakah Mutanaqisah (MMQ) Take Over Financing on KPR Products in Sharia Banks

Cited by 3 publications

References 0 publications

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

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

Implementasi Akad Musyarakah Mutanaqishah Di Lembaga Keuangan Islam

Mutanaqishah Musyarakah Contract: A Solution To Infrastructure Investment Syndication Financing

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