Analysis of the Implementation of the Murabahah Financing Agreement at Bank Riau Kepri Syariah Kampar Petapahan

Abstract

This study aims to analyze the implementation of the murabahah financing contract at Bank Riau Kepri Syariah, Kampar Petapahan Branch. The murabahah contract is one of the sharia financing products widely used by Islamic banks, including Bank Riau Kepri Syariah, due to its principles that align with Islamic law, particularly in transactions involving agreed-upon profit margins. The focus of this research is to analyze the process of implementing the murabahah contract, starting from the application stage, approval, to fund disbursement, as well as identifying the obstacles and challenges faced in its implementation. The research method used is qualitative with a descriptive approach, allowing the researcher to explore information in depth regarding the practice of murabahah contracts in the field. Primary data was obtained through in-depth interviews with bank officials, including managers and staff involved in the financing process, as well as customers who use murabahah products. Meanwhile, secondary data was obtained from documents related to murabahah financing, such as financial reports, operational procedures, and contract agreements. The results show that Bank Riau Kepri Syariah has implemented sharia principles in the murabahah contract, such as transparency, fairness, and mutual agreement between the bank and customers. However, there are still some obstacles in its implementation, such as customers' limited understanding of sharia contracts, which often leads to misunderstandings during the transaction process. Additionally, lengthy and complex administrative processes also pose challenges that need to be addressed. This research is expected to contribute to improving the effectiveness and efficiency of murabahah contract implementation at Bank Riau Kepri Syariah, Kampar Petapahan Branch, as well as provide recommendations to overcome the identified obstacles. Thus, this study is expected to serve as a reference for the development of better sharia financing products in the future.