IMPLEMENTATION OF THE MURABAHAH BIL WAKALAH AGREEMENT AT BAITUL MALL WAL TAMWIL (BMT) AL-IQTUSHADI (CASE STUDY AT BMT AL-IQTUSHADI IN MATARAM CITY)

Abstract

This research aims to determine the implementation of murabahah bil wakalah contract financing at BMT Al-Iqtishady, whether it meets the DSN MUI Fatwa NO: 10/DSNMUI/IV/2000 and PBI Number.07/46/PBI/2005. This research is a descriptive qualitative method. This research uses primary data obtained through in-depth interviews and documentation. Data analysis is carried out continuously as long as data collection is carried out. The research results show that the implementation of the murabahah bil wakalah contract is not in accordance with DSN-MUI Fatwa Number. 04/DSN MUI/IV/2000, because BMT Al-Iqtishady did not carry out the Wakalah contract first but instead immediately carried out the Murabahah contract, even though the goods which were the object of the murabahah were in principle not yet owned by BMT Al-Iqtishady.

Key Words: Murabahah, Wakalah, Murabahah Bil Wakalah.