Implementation of Murabahah Financing Pricing Calculation in Islamic Banks

Abstract

This study aims to determine the practice of pricing murabahah financing in Islamic banking and to offer an appropriate solution to a case study of pricing murabahah financing without benchmarks on the calculation of conventional bank interest rates. Qualitative research with grounded theory method. Based on the analysis of Existing Murabahah Pricing at Islamic Commercial Banks and the Murabahah Pricing Model solution offered from this study, there are practical implications for the government, providing a new alternative in calculating Murabahah pricing. For Islamic banking practitioners, contributing to a new alternative to the Murabahah pricing calculation model so that it is no longer a benchmark for conventional interest rate calculations. As for the public, being able to provide knowledge and understanding of the concept of calculating pricing for Murabahah financing is expected to increase public confidence in utilizing Islamic banking as a truly sharia financial management institution.