Juridical Analysis of Murabahah Contracts in Sharia Economic Disputes in Indonesia
DOI:
https://doi.org/10.59890/ijetr.v2i4.40Keywords:
Murabahah Contracts, Sharia Compliance, Islamic Banking Disputes, Supreme Court Decision, Pacta Sunt ServandaAbstract
This study examines juridical aspects of murabahah contracts within Indonesia's Islamic banking framework, focusing on dispute resolution and compliance with Sharia principles. The study uses doctrinal research to analyze Supreme Court rulings, contractual documents, and DSN-MUI fatwas as primary data sources. The findings highlight challenges in aligning practices with Sharia principles, such as transparency and fair profit margin disclosure. A notable case analyzed is the Supreme Court Decision No. 841/Pdt.G/2021/PA. Kra, which underscores violations in rescheduling debt contrary to Sharia law. This research emphasizes the importance of adherence to principles like pacta sunt servanda and good faith, offering recommendations to enhance regulatory frameworks and judicial consistency. The study contributes to ensuring equitable Sharia compliance and reducing disputes in Islamic finance.
References
Ahmed, M. U., Sabirzyanov, R., & Rosman, R. (2016). A critique on accounting for murabaha contract: A comparative analysis of IFRS and AAOIFI accounting standards. Journal of Islamic Accounting and Business Research, 7(3), 190–201. https://doi.org/10.1108/JIABR-04-2016-0041
Al-Fijawi, M. F. A., & Yunus, S. M. (2019). Modern applications of profit-sale (Bayʿ murābaḥah) from a maqāṣid sharīʿah perspective. Al-Shajarah, 24(1), 49–66. Scopus. https://www.scopus.com/inward/record.uri?eid=2-s2.0-85069787137&partnerID=40&md5=249879cec7a8af9f02e029305bd449a2
Al-Shaer, H. (2018). Do environmental-related disclosures help enhance investment recommendations?: UK-based evidence. Journal of Financial Reporting and Accounting, 16(1), 217–244. https://doi.org/10.1108/JFRA-03-2016-0020
Al-Shibli, F. S. (2018). Litigation or Arbitration for Resolving Islamic Banking Disputes. Arab Law Quarterly, 32(4), 413–438. Scopus. https://doi.org/10.1163/15730255-12324040
Chaves, D. G., & Andrade, J. R. P. (2022). Argumentative anatomy of the Ellwanger Case: Analysis of the votes of the Ministers of the Federal Supreme Court based on Stephen Toulmin’s layout. Revista Eletronica Direito e Sociedade, 10(3), 67–86. Scopus. https://doi.org/10.18316/redes.v10i3.4686
Ellias, M. R. F., Haron, M. N., & Mohammed, M. F. (2014). THE ISSUE OF PRINCIPAL-AGENT IN SALE-BASED TRANSACTIONS FROM THE SHARÔÑAH PERSPECTIVE. ISRA International Journal of Islamic Finance, 6(2), 117–131. Scopus. https://doi.org/10.12816/0019265
Guney, N. (2015). Murabahah financing revisited: The contemporary debate on its use in Islamic banks. Intellectual Discourse, 23, 495–506. Scopus. https://www.scopus.com/inward/record.uri?eid=2-s2.0-84952922160&partnerID=40&md5=d44e1636ff8a6703f9c2389440803aa4
Hama, Z., Waehama, M. R., & Assalihee, M. A. (2024). The Growth and Challenges of Islamic Finance in Thailand. International Journal of Islamic Thought, 25, 177–193. Scopus. https://doi.org/10.24035/ijit.25.2024.295
Haron, M. S., Ramli, R., Yousef Injas, M. M., & Injas, R. A. (2015). Reputation risk and its impact on the islamic banks: Case of the Murabaha. International Journal of Economics and Financial Issues, 5(4), 854–859. Scopus. https://www.scopus.com/inward/record.uri?eid=2-s2.0-
84979796514&partnerID=40&md5=07fb91b7b9906a1b70946ab76d963252
Hidayah, N., Azis, A., Mutiara, T., & Larasati, D. (2023). SHARIA BANKING DISPUTES SETTLEMENT: Analysis of Religious Court Decision in Indonesia. Al-Risalah: Forum Kajian Hukum Dan Sosial Kemasyarakatan, 23(1), 75–92. Scopus. https://doi.org/10.30631/alrisalah.v23i1.1347
Hidayah, N., Muslim, Moch. B., & Azis, A. (2022). Complying with Sharia While Exempting from Value-Added Tax: Murābaḥah in Indonesian Islamic Banks. AHKAM : Jurnal Ilmu Syariah, 22(1). https://doi.org/10.15408/ajis.v22i1.22833
Ibrahim, A., & Salam, A. J. (2021). A comparative analysis of DSN-MUI fatwas regarding murabahah contract and the real context application (A study at Islamic Banking in Aceh). Samarah, 5(1), 372–401. Scopus. https://doi.org/10.22373/sjhk.v5i1.8845
Imaniyati, N. S., Nu’man, A. H., & Jamilah, L. (2019). Analysis of the role and responsibility of Sharia supervisory board (DPS) on Sharia compliance supervision in Islamic banks in Indonesia. Journal of Legal, Ethical and Regulatory Issues, 22(3). Scopus. https://www.scopus.com/inward/record.uri?eid=2-s2.0-85071040783&partnerID=40&md5=f963e8634c0a5d7305423179a4ac7067
Isnaini, A. M. (2018). The existence of Sharia Supervisory Board in maintaining the purpose of sharia principles in Sharia Banking. Journal of Legal, Ethical and Regulatory Issues, 21(3). Scopus. https://www.scopus.com/inward/record.uri?eid=2-s2.0-
85055176825&partnerID=40&md5=b5e2d42c393899fb09b431121f9c3403
Janwari, Y. (2012). Resistance and Intitation in the Implementation of the Syariah Economy in Indonesia. Ahkam: Jurnal Ilmu Syariah, 12(2), 89–98. Scopus. https://doi.org/10.15408/ajis.v12i1.969
Khalidin, B., & Musa, A. (2023). MURABAHA FINANCING OF THE INDONESIAN ISLAMIC BANKS UNDER AN ISLAMIC ECONOMIC LAW AND THE FATWA DSN MUI. PETITA: JURNAL KAJIAN ILMU HUKUM DAN SYARIAH, 8(2). https://doi.org/10.22373/petita.v8i2.238
Lathif, A. A. (2012). : The Concept and Application of Murâbahah Contracts in Syariah Banking in Indonesia. Ahkam: Jurnal Ilmu Syariah, 12(2), 69–78. Scopus. https://doi.org/10.15408/ajis.v12i2.967
Lindsey, T. (2012). Monopolising Islam: The Indonesian Ulama Council and state regulation of the “Islamic economy.” Bulletin of Indonesian Economic Studies, 48(2), 253–274. Scopus. https://doi.org/10.1080/00074918.2012.694157
Musjtari, D. N., Riyanto, B., & Setyowati, R. (2019). Reformulation of mediation in dispute settlement on islamic banking. Humanities and Social Sciences Reviews, 7(4), 184–194. Scopus. https://doi.org/10.18510/hssr.2019.7424
Othman, A. (2007). “and amicable settlement is best”: Sulh and dispute resolution in islamic law. Arab Law Quarterly, 21(1), 64–90. Scopus. https://doi.org/10.1163/026805507X197857
Othman, A. A., Hashim, R. C., & Aziz, A. A. (2010). AN OVERVIEW OF SHARĪʿAH ISSUES REGARDING THE APPLICATION OF THE ISLAMIC LETTER OF CREDIT PRACTICE IN MALAYSIA. ISRA International Journal of Islamic Finance, 2(2), 37–66. Scopus. https://doi.org/10.55188/ijif.v2i2.108
Payne, J. (2018). The role of the court in debt restructuring. Cambridge Law Journal, 77(1), 124–150. Scopus. https://doi.org/10.1017/S0008197318000016
Purwanto, E., & Wiyono, B. (2024). Normative juridical analysis of strict liability in environmental cases. 1317(1). Scopus. https://doi.org/10.1088/1755-1315/1317/1/012005
Puspita, M., Suhartanto, D., & Mai, M. U. (2023). Mudharabah financing: An innovation in contemporary banking. 2765(1). Scopus. https://doi.org/10.1063/5.0155378
Rahman, F. (2020). Critical review of the international and contractual measures for optimal restructuring. Law and Financial Markets Review, 14(4), 249–254. Scopus. https://doi.org/10.1080/17521440.2020.1759240
Rasyid, A. (2013). Relevance of Islamic dispute resolution processes in islamic banking and finance. Arab Law Quarterly, 27(4), 343–369. Scopus. https://doi.org/10.1163/15730255-12341267
Ryandono, M. N. H., Kusuma, K. A., & Prasetyo, A. (2021). The Foundation of a Fair Mudarabah Profit Sharing Ratio: A Case Study of Islamic Banks in Indonesia. Journal of Asian Finance, Economics and Business, 8(4), 0329–0337. Scopus. https://doi.org/10.13106/jafeb.2021.vol8.no4.0329
Setyowati, R., Saptono, H., & Prabowo, B. A. (2018). Improving the Proffesionalism of Islamic Economic Judges Through Certification Towards Asian Economic Community (AEC). 175(1). Scopus. https://doi.org/10.1088/1755-1315/175/1/012212
Sofiani, T., & Suhendar, H. (2024). THE SETTLEMENT MODEL OF NON-PERFORMING FINANCING WHICH IS MORE EFFECTIVE AND LEGAL JUSTICE IN SHARIA FINANCING COMPANIES. Jurnal Hukum Unissula, 40(1), 61–75. Scopus. https://doi.org/10.26532/jh.v40i1.32794
Tarantang, J., & Astiti, N. N. A. (2023). The Legal Argumentation Regulatory Framework for Management of Sharia Funding and Risk Loans in Indonesia. Jurnal Ilmiah Al-Syir’ah, 21(1), 72–85. Scopus. https://doi.org/10.30984/jis.v21i1.2268
Tini Rusmini Gorda, A. A. A. N., Arsawati, N. N. J., & Gusti Ayu Eviani Yuliantari, I. (2018). Responsibilities of regional government related to fulfillment of citizenship rights in health services. International Journal of Civil Engineering and Technology, 9(11), 2745–2751. Scopus. https://www.scopus.com/inward/record.uri?eid=2-s2.0-85058064885&partnerID=40&md5=70277839e83986828b575b7464905524
Toscano, M. (2016). A new Church-State policy of the Constitutional Court, between theoretical strictness and practical conservatism? First doctrinal reactions to ruling no. 52/2016. Quaderni Di Diritto e Politica Ecclesiastica, 19(3), 751–765. Scopus. https://doi.org/10.1440/85618
Triana, N. (2018). Urgency of Arbitration Clause in Determining the Resolution of Sharia Economic Disputes. Ahkam: Jurnal Ilmu Syariah, 18(1), 65–88. Scopus. https://doi.org/10.15408/ajis.v18i1.8872
Triana, N. (2019). THE URGENCY OF MEDIATORS IN RESOLVING SHARIA ECONOMIC DISPUTES at the PURBALINGGA RELIGIOUS COURT. Law Reform: Journal of Law Reform, 15(2), 239–257. Scopus. https://doi.org/10.14710/lr.v15i2.26184
Utama, A. S. (2020). Policy Direction of Supervision of Sharia Banking in the National Banking System in Indonesia. Volksgeist: Journal of Law and Constitutional Sciences, 3(1 41), 52. Scopus. https://doi.org/10.24090/volksgeist.v3i1.3498
Widjaja, G. (2024). Legal analysis of derivative transactions in islamic economics. Edelweiss Applied Science and Technology, 8(5), 692–700. Scopus. https://doi.org/10.55214/25768484.v8i5.1733
Yani, T. A., & Mulyana, I. (2024). Aceh as a Model of Halal Trade in Financial Goods and Services Regulation based on Pancasila within the Framework of National Law in Indonesia. Samarah, 8(1), 361–385. Scopus. https://doi.org/10.22373/sjhk.v8i1.17680
Yusmad, M. A., Bin Marinsah, S. A., Ayyub, M., & Muang, M. S. K. (2024). Revitalization Supervision Islamic Banking in Enhancement Compliance in Indonesia and Malaysia. Samarah, 8(1), 468–494. Scopus. https://doi.org/10.22373/sjhk.v8i1.20524
Zahid, A., Shapiee, R., Mukhtar, S., & Shah, S. M. (2016). Good faith in international commercial contracts under un sale convention and Islamic law: A brief comparison. International Journal of Applied Business and Economic Research, 14(13), 9075–9183. Scopus. https://www.scopus.com/inward/record.uri?eid=2-s2.0-85011547223&partnerID=40&md5=f98053bb79f5bc9d8818c9c8d17eada0