IMPLEMENTATION OF MURABAHAH CONTRACT IN INDONESIA: A NARRATIVE STUDY OF THE PROCESS, CHALLENGES, AND ECONOMIC IMPACT

Authors

  • Kiki Afriani Putri Pascasarjana UIN Raden Mas Said Surakarta, Indonesia
  • Fitri Wulandari Pascasarjana UIN Raden Mas Said Surakarta, Indonesia

DOI:

https://doi.org/10.29040/ijebar.v9i4.18949

Abstract

Murabahah is the most widely used sales-based financing instrument in Indonesian Islamic banking. This study aims to analyze the implementation of murabahah contracts in Indonesia based on the guidelines of the National Sharia Council-Indonesian Ulema Council (DSN-MUI), identify practical challenges in its implementation, and examine the economic impact on both banks and customers. This narrative study uses a systematic literature review approach with an analysis of 20 selected scientific journals from 1,000 identified documents. The findings of the study show that the implementation of murabahah contracts in Indonesia faces a significant gap between the provisions of the DSN-MUI fatwa and practices in the field, especially regarding the transfer of asset ownership, the use of wakalah (agency/authorization), and the choice of murabahah over alternative contracts. The economic impact is ambiguous: murabahah increases the bank's profitability but can reduce customer confidence if it is not in line with sharia principles. The findings of this study open up opportunities for the development of an innovative trade-based murabahah model to improve alignment with maqasid al-sharia and the resilience of Islamic banking.

Keywords: Murabahah contract, sharia banking, DSN-MUI, sharia fatwa, wakalah

Downloads

Published

2026-01-08

How to Cite

Putri, K. A., & Wulandari, F. (2026). IMPLEMENTATION OF MURABAHAH CONTRACT IN INDONESIA: A NARRATIVE STUDY OF THE PROCESS, CHALLENGES, AND ECONOMIC IMPACT. International Journal of Economics, Business and Accounting Research (IJEBAR), 9(4). https://doi.org/10.29040/ijebar.v9i4.18949

Issue

Vol. 9 No. 4 (2025): IJEBAR, VOL. 09 ISSUE 04, DECEMBER 2025

Section

Articles

Citation Check

License

Authors who publish with IJEBAR agree to the following terms: Authors retain copyright and grant the IJEBAR right of first publication with the work simultaneously licensed under a Creative Commons Attribution License (CC BY-SA 4.0) that allows others to share (copy and redistribute the material in any medium or format) and adapt (remix, transform, and build upon the material) the work for any purpose, even commercially with an acknowledgement of the work's authorship and initial publication in IJEBAR. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in IJEBAR. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).