Margin Calculation on Non-Cash Car Purchases
DOI:
https://doi.org/10.29103/icospolhum.v4i.471Keywords:
Margin Calculation, Sale and Purchase, Murabahah AgreementAbstract
PT Astra Credit Companies Banda Aceh has converted to Sharia in December 2021. This company provides services for the sale and purchase of cars on a non-cash basis using the Murabahah contract. Murabahah is a sale and purchase contract in which the trader must openly state the initial price, the cost of goods, and the profit he will take. In practice, PT ACCS has done these things, but the margin calculation is not made openly to the buyer. The purpose of this study is to answer the problems, namely how the margin calculation method on non-cash car purchases at PT ACCS, the factors that affect the margin rate and how the validity of the margin calculation system in the perspective of the murabahah contract. The method used in this research is descriptive qualitative which later researchers will conduct research through the field or literature, as for data collection techniques, namely through interviews, observation and documentation. The result of this study is that in calculating the margin, PT ACCS applies two methods, namely flat and annuity, the amount of the margin percentage depends on the time period taken by the buyer. The factors that influence the margin rate are competition factors and local OJK regulations. The validity of the margin calculation system in the perspective of the murabahah contract carried out by the company is in accordance with the general concept of murabahah. However, the margin calculation method used, namely the annuity method, can damage the murabahah contract because the annuity calculation method is a margin calculation method for financing products, not products for buying and selling goods.
References
Ad-Daraquthni, S. (2008). Sunan Ad- Daraquthni. (I. Kadir, Ed., & A. Taslim, Trans.) Jakarta: Azam Library.
Ali, Z. (2008). Sharia Banking Law. Jakarta: Sinar Grafika.
Al-Qardawi, Y. (1997). Norms and Ethics in
Islamic Economics. Jakarta: Gema Insani.
Andriani. (2015). Murabahah Financing Profit Margin Calculation Mechanism at KJKS BMT Walisongo Semarang, Thesis.
Semarang: Faculty of Economics and IslamicBusiness, UIN Walisongo.
Anggadini, S. D. (2010). Determination of Murabahah Margin at BMT As-Salam Pacet Cianjur. UNIKOM Scientific Magazine.
Ariani, Y. (2016). Margin Calculation Method on Murabahah Financing at Bank Syariah Mandiri Purwekerto Banyumas, Thesis. Purwokerto: Faculty of Economics and Islamic Business, State Islamic Institute.
Ascarya. (2007). Islamic Bank Agreements and Products. Jakarta: PT Raja Grafindo Persada.
Ascarya. (2015). Islamic Bank Agreements and Products. Jakarta: Rajawali.
Asqani, A. I. (2005). Fathul Baari Syarah Shahih Al Bukhari. (A. Rania, T. Tartilah, Eds., & Amiruddin, Trans.) Jakarta: Azam Library.
Assauri, S. (2002). Marketing Management. Jakarta: PT Raja Grafindo Persada. Gamal, M. (2004). Shari'ah Economic Activity. Pekanbaru: Unri Press.
Huda, N., & Heykal, M. (2010). Islamic Financial Institutions. Jakarta: Predana Media Group.
Big Indonesian Dictionary L a n g u a g e Center. (2008). Jakarta: PT Gramedia Pustaka.
Karim, A. A. (2004). Islamic Bank "Fiqh and Financial Analysis". Jakarta: PT Raja Grafindo Persada.
Karim, A. A. (n.d.). Islamic Bank. Jakarta: Kharisma Putra Utama Offset. Cashmere. (2010). Banking Management. Jakarta: Rajawali.
KBBI. (n.d.). Retrieved from https://kbbi.web.id/perhitungan
Supreme Court of the Republic of Indonesia. (n.d.). Compilation of Sharia Economic Law.
Muhammad. (2010). Profit Sharing Calculation and Pricing Techniques in Islamic Banks. Jakarta: Raja Grafindo Persada.
Muhammad. (2014). Islamic Bank Fund Management. Jakarta: Raja Grafindo Persada.
Muthaher, O. (2012). Islamic Banking Accounting. Yogykarta: Graha Ilmu. Nasution. (2018). Limitation of Profit Taking According to Islamic Law.
El-Qanuny Journal, Vol.4, No.1.
ONE, A. (n.d.). Retrieved from https://www.acc.co.id/tentang-kami/visi Rahmawati, F. A. (2015, December). Analysis of Factors Affecting Margin Determination on Murabahah Financing at BMT in Jepara Regency. journal of Sharia Economics EQUILIBRIUM, Vol.III, No.2.
Rasyada, I. T. (2015). Implementation of Margin Calculation in Murabahah Financing at Bank Mega Syariah Semarang Branch, Thesis. Semarang: Faculty of Economics and Islamic Business, UIN Walisongo.
Ridha, M. (2020). Application of Annuity in the Calculation of Murabahah Financing Margin According to Islamic Law (A Study at Bank Aceh Syariah, Banda Aceh Branch),
Thesis. Banda Aceh: Faculty of Sharia and Law UIN Ar-Raniry.
Ridwansyah. (2016). Get to know the terms in Islamic Banking. Bandar Lampung: Aura.
Rivai, V., & Arifin, A. (2010). Islamic Banking A Theory, Concept, and Application. Jakarta: PT Bumi Aksara.
Rivai, V., & Veitzhal, A. P. (2008). Islamic Financial Management "Theories, Concepts,
and Applications of Practical Guidelines for Financial Institutions, Customers, Practitioners, and Students,". Jakarta: PT Raja Grafindo Persada.
Rushd, I. (1990). Bidayatul Mujtahid. Semarang: Asy-Syifa.
Sari, N. N., & Oktarina, A. (2020, July- December). Analysis of Imam Al-Ghazali's Economic Thought on the Limitation of Profit in Buying and Selling. Journal of Aghinya Stiesnu Bengkulu, Vol.3, No.2.
Downloads
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Authors retain the copyright and grant the proceeding the right of first publication. This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 that allows others to share the work with an acknowledgement of the Creative Commons Attribution-ShareAlike 4.0 that allows others to share work with an acknowledgement of the works authorship and initial publication in this proceeding.
All articles in this proceeding may be disseminated by listing valid sources, and the article's title should not be omitted. The content of the article is liable to the author.
Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the proceeding'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 this prodeeding.
Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) before and during the submission process, as it can lead to productive exchanges and earlier and greater citation of published work.
In the dissemination of articles, the author must declare the Proceedings of International Conference on Social Science, Political Science, and Humanities (ICoSPOLHUM) as the first party to publish the article.
