Murabaha Contract Dispute Resolution Procedure

Rezki Akbar Norrahman (1), Mariani Mariani (2)
(1) Universitas Islam Negeri Antasari, Indonesia,
(2) Universitas Islam Negeri Antasari, Indonesia

Abstract

This study is to analyze the pattern of dispute resolution in Murabahah contracts in Islamic banking. The results show that there are several commonly used dispute resolution patterns, including negotiation, mediation, and arbitration. Factors that influence the outcome of dispute resolution include trust, communication and fairness. This research provides an in-depth understanding of dispute resolution patterns in Murabahah contracts and can be a reference for Islamic banks in resolving disputes that arise. The purpose of this study is to identify and analyze the pattern of dispute resolution in Murabahah contracts in Islamic banking. This study also aims to understand the factors that influence the results of dispute resolution and provide recommendations for Islamic banking in overcoming disputes that arise. The problem to be answered in this research is how the pattern of dispute resolution in the Murabahah contract in Islamic banking. This research uses a descriptive qualitative method with an interpretative approach. Data were obtained through literature studies and document analysis related to dispute resolution in Murabahah contracts. The interpretative approach is used to understand and analyze the pattern of dispute resolution in depth, as well as the factors that influence the outcome of dispute resolution. Based on the analysis, it can be concluded that the pattern of dispute resolution in Murabahah contracts in Islamic banking includes negotiation, mediation, arbitration, and reconciliation. Factors such as trust, communication, fairness, and understanding of sharia principles influence the outcome of dispute resolution.

Full text article

Generated from XML file

References

Abdul Halim, A. H., & Markom, R. (2018). Sukuk Murabahah Under Malaysian Plural Legal System. IOP Conference Series: Earth and Environmental Science, 175, 012176. https://doi.org/10.1088/1755-1315/175/1/012176

Ahmad, S. A. S., Mohamad, D., & Azman, N. I. (2020). A ranking procedure of Murabahah applications using fuzzy inferior ratio with generalized fuzzy numbers. 050015. https://doi.org/10.1063/5.0018457

Ajmi, H., Abdul Aziz, H., Kassim, S., & Mansour, W. (2019). Principal-Agent Preferences in Imperfect Market: Theoretical Analysis on Murabahah and Ijarah. Journal of Islamic Monetary Economics and Finance, 5(1), 117–144. https://doi.org/10.21098/jimf.v5i1.1050

Andalusi, Z. A. (2019). Future Package Financing Products with Akad Murabahah in the Perspective of Sharia Economic Law. AHKAM?: Jurnal Ilmu Syariah, 19(2). https://doi.org/10.15408/ajis.v19i2.11991

Anggriani, R., Rizki, G., & Febriansyah, W. (2019). The Mortgage Right as Mur?ba?ah Financing Security. Jurnal Hukum Novelty, 10(1), 43. https://doi.org/10.26555/novelty.v10i1.a13692

Asadov, A. I. (2020). Ownership Risk in Contemporary Islamic Banking: Dalam A. Rafay (Ed.), Advances in Finance, Accounting, and Economics (hlm. 189–211). IGI Global. https://doi.org/10.4018/978-1-7998-1611-9.ch011

Azungah, T. (2018). Qualitative research: Deductive and inductive approaches to data analysis. Qualitative Research Journal, 18(4), 383–400. https://doi.org/10.1108/QRJ-D-18-00035

Bashir Aziz, A., Ibrahim Mohammed, A., & .. (2018). Significance of Murabahah Finance towards the Imrovement of Agricultural Productivity in Kano State, Nigeria. International Journal of Engineering & Technology, 7(3.21), 175. https://doi.org/10.14419/ijet.v7i3.21.17156

Bashir @ B.Aziz, A., & Ibrahim Mohammed, A. (2018). Farmland, Farm Credit and Agricultural Output Growth in Kano State, Nigeria: The Moderating Role of Murabahah Finance as a Proposed Framework. International Journal of Engineering & Technology, 7(3.21), 227. https://doi.org/10.14419/ijet.v7i3.21.17164

Bolton, G., Greiner, B., & Ockenfels, A. (2018). Dispute Resolution or Escalation? The Strategic Gaming of Feedback Withdrawal Options in Online Markets. Management Science, 64(9), 4009–4031. https://doi.org/10.1287/mnsc.2017.2802

Bosma, N., Content, J., Sanders, M., & Stam, E. (2018). Institutions, entrepreneurship, and economic growth in Europe. Small Business Economics, 51(2), 483–499. https://doi.org/10.1007/s11187-018-0012-x

Doyle, L., McCabe, C., Keogh, B., Brady, A., & McCann, M. (2020). An overview of the qualitative descriptive design within nursing research. Journal of Research in Nursing, 25(5), 443–455. https://doi.org/10.1177/1744987119880234

Eckhardt, G. M., Houston, M. B., Jiang, B., Lamberton, C., Rindfleisch, A., & Zervas, G. (2019). Marketing in the Sharing Economy. Journal of Marketing, 83(5), 5–27. https://doi.org/10.1177/0022242919861929

El Amri, M. C., Mohammed, M. O., & Sabirzyanov, R. (2021). The Potential of Smart Contracts for Murabahah Home Financing: Towards an Integrated Model. Dalam N. Alam & S. Nazim Ali (Ed.), Fintech, Digital Currency and the Future of Islamic Finance (hlm. 49–76). Springer International Publishing. https://doi.org/10.1007/978-3-030-49248-9_4

Gueymard, C. A. (2018). A reevaluation of the solar constant based on a 42-year total solar irradiance time series and a reconciliation of spaceborne observations. Solar Energy, 168, 2–9. https://doi.org/10.1016/j.solener.2018.04.001

Halteh, K., Kumar, K., & Gepp, A. (2018). Financial distress prediction of Islamic banks using tree-based stochastic techniques. Managerial Finance, 44(6), 759–773. https://doi.org/10.1108/MF-12-2016-0372

Hassan, M. K., Rashid, M., Wei, A. S. T., Adedokun, B. O., & Ramachandran, J. (2019). Islamic business scorecard and the screening of Islamic businesses in a cross?country setting. Thunderbird International Business Review, 61(5), 807–819. https://doi.org/10.1002/tie.22038

Hidayah, N., Muslim, Moch. B., & Azis, A. (2022). Complying with Sharia While Exempting from Value-Added Tax: Mur?ba?ah 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: Jurnal Hukum Keluarga dan Hukum Islam, 5(1), 372. https://doi.org/10.22373/sjhk.v5i1.8845

Kamilah, W. N., Sumarti, N., & Sidarto, K. A. (2022). Mathematical model in Islamic mortgage financing with murabahah and musharakah mutanaqisah contracts. 030007. https://doi.org/10.1063/5.0116095

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

Kinnunen, P. H.-M., & Kaksonen, A. H. (2019). Towards circular economy in mining: Opportunities and bottlenecks for tailings valorization. Journal of Cleaner Production, 228, 153–160. https://doi.org/10.1016/j.jclepro.2019.04.171

Li, X., Wang, N., Wang, L., Kantor, I., Robineau, J.-L., Yang, Y., & Maréchal, F. (2018). A data-driven model for the air-cooling condenser of thermal power plants based on data reconciliation and support vector regression. Applied Thermal Engineering, 129, 1496–1507. https://doi.org/10.1016/j.applthermaleng.2017.10.103

Marsden, M. (2018). Islamic cosmopolitanism out of Muslim Asia: Hindu–Muslim business co-operation between Odessa and Yiwu. History and Anthropology, 29(1), 121–139. https://doi.org/10.1080/02757206.2017.1359587

McCorry, P., Bakshi, S., Bentov, I., Meiklejohn, S., & Miller, A. (2019). Pisa: Arbitration Outsourcing for State Channels. Proceedings of the 1st ACM Conference on Advances in Financial Technologies, 16–30. https://doi.org/10.1145/3318041.3355461

Miyazawa, T., Jibiki, M., Kafle, V. P., & Harai, H. (2018). Autonomic resource arbitration and service-continuable network function migration along service function chains. NOMS 2018 - 2018 IEEE/IFIP Network Operations and Management Symposium, 1–9. https://doi.org/10.1109/NOMS.2018.8406235

Moret, F., Baroche, T., Sorin, E., & Pinson, P. (2018). Negotiation Algorithms for Peer-to-Peer Electricity Markets: Computational Properties. 2018 Power Systems Computation Conference (PSCC), 1–7. https://doi.org/10.23919/PSCC.2018.8442914

Muda, I., Panjaitan, R., Erlina, Ginting, S., Maksum, A., & Abubakar. (2018). Model application of Murabahah financing acknowledgement statement of Sharia accounting standard No 59 Year 2002. IOP Conference Series: Earth and Environmental Science, 126, 012071. https://doi.org/10.1088/1755-1315/126/1/012071

Musa, M. A., Sukor, M. E. A., Ismail, M. N., & Elias, M. R. F. (2020). Islamic business ethics and practices of Islamic banks: Perceptions of Islamic bank employees in Gulf cooperation countries and Malaysia. Journal of Islamic Accounting and Business Research, 11(5), 1009–1031. https://doi.org/10.1108/JIABR-07-2016-0080

Muttaqin, A. A., Samsudin, M. A., Salleh, A. D., Ahmad, A. A., & Kurnia, A. S. (2023). Developing an Islamic Business Model: A Case for Agricultural Value Chain Finance in Agrobank, Malaysia. ISRA International Journal of Islamic Finance, 15(3), 81–99. https://doi.org/10.55188/ijif.v15i3.612

Paltrinieri, A., Dreassi, A., Migliavacca, M., & Piserà, S. (2020). Islamic finance development and banking ESG scores: Evidence from a cross-country analysis. Research in International Business and Finance, 51, 101100. https://doi.org/10.1016/j.ribaf.2019.101100

Park, J., Kang, H. S., Koo, M., & Park, C. (2020). Autonomous Surface Reconciliation of a Liquid?Metal Conductor Micropatterned on a Deformable Hydrogel. Advanced Materials, 32(37), 2002178. https://doi.org/10.1002/adma.202002178

S, N., & Setiaji, B. (2021). Law Enforcement on Sharia Compliance: A Case Study on The Murabahah Consumptive Financing Agreement of Bank A Syariah. Jurnal IUS Kajian Hukum dan Keadilan, 9(2), 299–309. https://doi.org/10.29303/ius.v9i2.895

Sinha, A. K., & Jha, K. N. (2020). Dispute Resolution and Litigation in PPP Road Projects: Evidence from Select Cases. Journal of Legal Affairs and Dispute Resolution in Engineering and Construction, 12(1), 05019007. https://doi.org/10.1061/(ASCE)LA.1943-4170.0000336

Sun, N., Wei, L., Shi, S., Jiao, D., Song, R., Ma, L., Wang, H., Wang, C., Wang, Z., You, Y., Liu, S., & Wang, H. (2020). A qualitative study on the psychological experience of caregivers of COVID-19 patients. American Journal of Infection Control, 48(6), 592–598. https://doi.org/10.1016/j.ajic.2020.03.018

Tahiri Jouti, A. (2018). Islamic finance: Financial inclusion or migration? ISRA International Journal of Islamic Finance, 10(2), 277–288. https://doi.org/10.1108/IJIF-07-2018-0074

Vadi, V. (2018). Proportionality, Reasonableness and Standards of Review in International Investment Law and Arbitration. Edward Elgar Publishing. https://doi.org/10.4337/9781785368585

Wagner, E., Volker, A., Fuhrmann, F., Matzutt, R., & Wehrle, K. (2019). Dispute Resolution for Smart Contract-based Two-Party Protocols. 2019 IEEE International Conference on Blockchain and Cryptocurrency (ICBC), 422–430. https://doi.org/10.1109/BLOC.2019.8751312

Wernesjö, U. (2020). Across the threshold: Negotiations of deservingness among unaccompanied young refugees in Sweden. Journal of Ethnic and Migration Studies, 46(2), 389–404. https://doi.org/10.1080/1369183X.2019.1584701

Authors

Rezki Akbar Norrahman
rezkiakbaar@gmail.com (Primary Contact)
Mariani Mariani
Norrahman, R. A., & Mariani, M. (2023). Murabaha Contract Dispute Resolution Procedure. Sharia Oikonomia Law Journal, 1(4), 241–254. https://doi.org/10.55849/solj.v1i4.584

Article Details

No Related Submission Found