simulasi akad murabahah

Summary

This video script showcases a simulated transaction of a Shariah-compliant Murabaha contract for purchasing a house. The process involves three key parties: the buyer, the seller, and the Islamic financial institution providing financing. The bank purchases the house, then resells it to the buyer at a higher price, with a fixed profit margin. The script emphasizes the transparency and clarity of the Shariah-compliant system, highlighting the steps from consultation to the final agreement, ensuring that the process is straightforward, with no hidden fees or interest. The entire transaction follows Shariah principles.

Takeaways

• 😀 Murabaha is a Sharia-compliant transaction in which the seller discloses the purchase price of an item and adds an agreed-upon profit margin.
• 😀 There are three parties involved in a Murabaha transaction: the buyer, the seller, and the Islamic financial institution providing financing.
• 😀 The first step in a Murabaha transaction is the buyer expressing the intention to purchase a house from the Islamic financial institution.
• 😀 The Islamic financial institution first purchases the house and then sells it to the buyer at a higher price, with a margin of profit.
• 😀 The Murabaha system differs from conventional home loans because it is not a loan with interest but a straightforward buy-and-sell transaction.
• 😀 For example, a house costing Rp500 million would be sold to the buyer for Rp550 million with a repayment plan over 10 years.
• 😀 The Islamic bank conducts a survey of the property to ensure that it is a viable investment and worth purchasing.
• 😀 Transparency is a key feature of the Murabaha system, with clear agreements on pricing and repayment terms.
• 😀 The buyer signs a Murabaha agreement for the purchase of the property, including details of the financing and repayment schedule.
• 😀 The Islamic bank and the buyer agree on the total price and the installment amounts that will be paid by the buyer.
• 😀 At the end of the transaction, the buyer receives the keys to the house, marking the completion of the process in a transparent, Sharia-compliant manner.

Q & A

What is the concept of 'akad murabaha' in Islamic finance?

Akad murabaha is a type of Islamic finance transaction in which the seller discloses the cost price of an item and adds an agreed-upon profit margin before selling it to the buyer.

How many parties are involved in an akad murabaha transaction?

There are three parties involved: the buyer, the seller, and the Islamic financial institution that provides the financing.

What is the first step in the akad murabaha process for purchasing a house?

The first step is for the buyer to express their intention to purchase a house to the Islamic financial institution.

What does the Islamic financial institution do after the buyer expresses interest?

The Islamic financial institution purchases the house on behalf of the buyer and then sells it to the buyer at a higher price, which includes the profit margin.

How does the akad murabaha system differ from conventional home loans?

Unlike conventional home loans that involve borrowing money with interest, akad murabaha is a sales transaction where the bank purchases the house and sells it to the buyer at a marked-up price, with no interest involved.

What is the role of the bank in the akad murabaha process?

The bank acts as the intermediary that purchases the house from the seller and then sells it to the buyer, adding a profit margin. The bank also assesses the property’s condition and ensures it is suitable for purchase.

What happens after the buyer agrees to the terms of the transaction?

Once the buyer agrees to the price and payment terms, the bank proceeds with the necessary paperwork, including the sale and purchase agreement, and the buyer begins making monthly payments according to the agreed schedule.

How is the house price determined in an akad murabaha transaction?

The price of the house is agreed upon between the bank and the buyer, with the bank selling the house at a higher price than the original purchase cost to include a profit margin.

What is the significance of the house inspection by the bank?

The bank conducts a property survey to ensure that the house is in good condition and suitable for purchase, which is essential for guaranteeing that the investment is sound and in line with Islamic principles.

How are the payment terms for the house agreed upon in the akad murabaha system?

The payment terms, including the total price and monthly installment amounts, are agreed upon by both parties at the outset, ensuring transparency and clarity throughout the transaction.