Reconstruction Of Murabahah Contract Schemes in Sharia Banking

Abstract

The high level of margin in murabahah financing makes people perceive that this financing is more 
expensive than credit financing at conventional banks. Some other people also still think that Islamic 
banking is not fully sharia. The purpose of this study is to evaluate the development and practice of 
murabahah financing in Islamic banking today and then offer two alternatives so that Islamic bank 
financing products can compete competitively with credit products at conventional banks. The two 
alternatives offered are related to the pricing scheme and method along with the margin in this financing. 
The research method is qualitative research, this study only describes the scheme and alternatives in the 
form of an initial description without testing the variables. It is hoped that the two methods offered in this 
research can provide a new understanding of the steps that Islamic banking needs to take to attract 
public interest and reach a wider range of consumers.