Future Package (FP) Financing Using Murabahah Contract for Pre-Prosperous Families in Bank Tabungan Pensiunan Nasional Syariah (BTPNS) of Solok City

Risca Mia Audia, Yaswirman Yaswirman, Rembrandt Rembrandt

Abstract


Future Package (FP) financing is one of the products of Bank Tabungan Pensiunan Nasional Syariah (BTPNS). This FP program is aimed specifically at women who want to develop or who want to start a business. Based on observations in the field, after the financing has been provided to customers, there are several customers who have arrears in installments. Thus, it raises discrepancies such as what is regulated in the fatwa of the National Sharia Council (DSN) No. 04/DSN-MUI/IV/2000 concerning Murabahah Contract Financing that the customer must pay the price of the goods agreed upon at a certain agreed period of time. The formulation of the research problems includes: (1) what are the criteria for FP financing for pre-prosperous families? (2) how is FP financing viewed from Islamic law? (3) what are the problems with the FP program? and (4) how does the bank cope with it? This research applies an empirical juridical problem approach in which the source of data is obtained by looking at the legal provisions that are connected with facts in the field. The data types consist of primary data from the field and secondary data from books and literature. Problems with non-current installment payments by some customers started with declining business incomes. Thus, banks must make regular collection efforts and the active role of groups. The suggestion from this research is that customers need to increase their sense of responsibility to pay installments on time.


Keywords


Future Package (FP) Financing; Bad Debt Payment; Bank Tabungan Pensiunan Nasional Syariah (Btpns)

Full Text:

PDF

References


Journal

Hosen, M. N., & Muhari, S. (2013). Efficiency of the sharia rural bank in Indonesia lead to modified camel. International Journal of Academic Research in Economics and Management Sciences, 2(5), 34.

Sadalia, I., & Kautsar, M. H. (2018). Analysis of the efficiency performance of Sharia and conventional banks using stochastic frontier analysis. Banks and Bank Systems, 13(2), 27.

Adnan, M. A., & Muhamad, M. (2007). Agency problems in mudarabah financing: the case of sharia (rural) banks, Indonesia. International Journal of Economics, Management and Accounting, 15(2).

Ismal, R. (2009). Assessing moral hazard problem in Murabahah financing. Journal of Islamic Economics, Banking and Finance, 5(2), 101-112.

Wahab, A. R. A. (2006, February). Takaful Business Models-Wakalah based on WAQF. In Second International Symposium on Takaful (pp. 1-23).

How, J. C., Karim, M. A., & Verhoeven, P. (2005). Islamic financing and bank risks: the case of Malaysia. Thunderbird International Business Review, 47(1), 75-94.

Legislation

The Quran.

Hadith.

Law No. 1 of 1974 concerning Marriage.

Law No. 10 of 1992 concerning Development of Population and Family Prosperous Development.

Law No. 23 of 1999 concerning Bank Indonesia.

National Sharia Council Fatwa No. 04/DSN-MUI/IV/2000 concerning Murabahah Financing

Bank Indonesia Regulation No. 9/19/PBI/2007 dated 17 December 2007 concerning the Implementation of Sharia Principles in Funds Collection and Funds Distribution and Sharia Bank Services.

Law No. 21 of 2008 concerning Sharia Banking.




DOI: http://dx.doi.org/10.18415/ijmmu.v6i5.1077

Refbacks

  • There are currently no refbacks.


Copyright (c) 2019 International Journal of Multicultural and Multireligious Understanding

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

International Journal of Multicultural and Multireligious Understanding (IJMMU) ISSN 2364-5369
https://ijmmu.com
[email protected]
dx.doi.org/10.18415/ijmmu
facebook.com/ijmmu
Copyright © 2014-2018 IJMMU. All rights reserved.