ATRIBUT PROYEK DAN MUDHARIB DALAM PEMBIAYAAN MUDHARABAH PADA BANK SYARI’AH DI INDONESIA



Muhammad Muhammad(1*)

(1) Sekolah Tinggi Ekonomi Islam Jogjakarta
(*) Corresponding Author

Abstract


The research is concerned with the project and mudharibs’ attributes in the mudharabah financing in the Sharia Banks, Indonesia. The Study has been focused to search (1) the projects attributes might be considered by the banks in dealing with mudharabah financing; and (2) the mudharib’s attributes which will be financed by the banks. The study is basically explorative in nature. The study was conducted to 84 out of 89 Islamic or Sharia Rural Bank in Indonesia. 64 of respondents (76.19 percent) have returned the questionnaires. Certain numbers of banks’ managers were also interviewed deeply. The returned questionnaires were adequate to be examined statistically. The quantitative method is then applied to examine the factors considered statistically. The study has found that there are six attributes considered from the mudharabah projects point of view, which include the prospect of project, availability of collateral, healthiness of project, project’s financial statement, clarity of contract conditions, and conformity of time period. In regrad to mudharib attributes, the study has also concluded five characteristics which are considered important. They include the business capacity, (personal) collateral, mudharibs’ reputation and family background, and their business commitments.


Keywords


Mudharabah, Shahibul mal, Mudharib, Adverse Selection, Screening

Full Text:

PDF


References

Ad-Dasuqi. 1989. Hasyiyat al-Dasuqi ala al-Syarhi al-Kabir. Juz III. Beirut: Dar al-Fikr. Al-Kasani. 1996. Bada’i’ al-Shana’i’ fi Tartibi al-Syara’i’. Juz. VI. Beirut: Dar al-Fikr.

Antonio, M. Syafi’i. 2001. Bank Syari’ah: Teori dan Praktek. Jakarta: Gema Insani Press.

Bank Indonesia. 2006. Laporan Perbankan Syari’ah. Direktorat Perbankan Syari’ah Bank Indonesia. Harri, Milton dan Arthur Raviv. “Capital Structure and Informational Role of Debt,” Journal of Finance 45: 321-49.

Jensen, C. Michael dan W.H. Mechkling. 1976. “Theory of the Firm: managerial Behavior, Agency Costs and Ownership Structure”, Journal of Fiancial Economics 3.

Jensen, C. Michael. 1989 .“Agency Cost of Free Cash Flow, Corporate Finance, and Takeover”. American Economic Review 76 (2). Karim, Adiwarman A. “Incentive Compatible Constrains for Islamic: Banking Some Leassons From Bank Muamalat”. Conference Papers. Fourth International Conference on Islamic Economics and Banking Loughborough University, UK, August 13-15, 2000, pp. 579-598.

Khalil, Abdel-Fattah A.A., Colin Rickwood, dan Victor Muride. 2000. “Agency Contractual in Profit-Sharing Financing”. Islamic Finance: Challenges and Opportunities in The Twenty-First Century, Conference Papers, Fourth International Conference on Islamic Economic and Banking Loughborough University, UK, August 13-15, 2000.

Lewis, Mervyn dan Latifa al-Gqoud. 2001. Islamic Banking: Principles, Practis and Prospect, Massacusetts: Edward Elgar. Muhammad. 2002. Konstruk Mudharabah dalam Bisnis Syari’ah, Yogyakarta: BPFE.

Mujiyanto. 2004. “Optimisme Perbankan Syari’ah”. Majalah Modal 15 (2): 15.

Reichelstein, Stefan. 1992. “Agency”. The New Palgrave Dictionary of Money and Finance 2: 23-26. Sadr, Kazem dan Zamir Iqbal. “Choice of Debt or Equity Contract and Asymmetrical Information: An Empirical Evidence”. Conference Papers, Fourth International Conference on Islamic Economics and Banking Loughborough University. UK. August 13-15, 2000, pp. 487-499.

Saeed, Abdullah. 1996. Islamic Banking and Interest, A Study of Prohibition of Riba and Its Contemporary Interpretation. Leiden, New York, Koln: EJ. Brill.

Stiglitz, E. Joseph. 1992. “Principal and Agent”. The New Palgrave Dictionary of Money and Finance 2: 185-190.

Sumianto, Ahmad. 2004. “Minat Manajer BMT di Yogyakarta dalam Menerapkan Produk Pembiayaan Mudharabah”, Tesis, Tidak dipublikasikan, Yogyakarta: MSI UII. Warde, Ibrahim. 1999. “The Revitalization of Islamic Profit-and-loss Sharing”. Proceeding of the The Harvard University Forum on Islamic Finance. Oktober 1, Cambridge: Harvard Islamic Finance Information Program Centre for Middle Easter Studies.




Article Metrics

Abstract views : 890 | views : 1524

Refbacks

  • There are currently no refbacks.




Copyright (c) 2006 Journal of Indonesian Economy and Business

Creative Commons License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Journal of Indonesian Economy and Business

Journal

Editorial Team
Focus and Scope
Peer Review Process
Publication Ethics
Screening for Plagiarism

Authors

Author Guidelines
Submission Guidelines
Online Submissions
Copyright Notice
Privacy Statement
Author Fees

Download

Author Pack
Submission Form & Manuscript Template

 

Reviewer

Reviewer Guidelines
Reviewer Acknowledgement

 

Reader

General Search
Achieves
Author index
Title index

 

 

The Journal of Indonesian Economy and Business (print ISSN 2085-8272; online ISSN 2338-5847) is published by the Faculty of Economics and Business Universitas Gadjah Mada, Indonesia. The content of this website is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License

© 2019 Journal of Indonesian Economy and Business 
 Visitor Statistics