THE PRACTICE OF ISLAMIC CONTRACTS IN ISLAMIC BANK X Nur Indah Riwajanti, Kartika D.S. Susilowati, Nurafni Eltivia, Oktaviana Dwi Hariani
Politeknik Negeri Malang
Abstract
This study aims to explore the practice of Islamic contracts at Islamic Bank X in Malang, particularly on the financial perspective as preliminary research for education applied research. This study uses an exploratory descriptive approach by collecting data through interviews with employees of the Islamic Bank X. The Bank applies some Islamic contracts in savings and financing products, include: savings contracts include the Mudharabah and Wadiah contracts, while financing products use the Murabahah and Musyarakah sale and purchase contracts. The Murabaha contract are the most widely used contracts in financing, while Salam contract is not implemented. In performing calculations, the Bank X performs certain stages and comply with Islamic rules.
Keywords: Islamic contracts, Islamic bank, Murabahah, Musyarakah
