Evaluasi Pembiayaan Perumahan Akad Murabahah Versus Kredit Konvensional Berdasarkan Volatilitas Harga
Main Article Content
Abstract
The purpose of this study was to determine whether the pattern of housing financing murabaha or conventional mortgages can overcome the volatility of house prices after the maturity of the financing. The data used is the housing finance murabaha installment in Bank Syariah Mandiri and Bank BRISyariah and conventional housing loan installment consumer loan interest is based on the National Private Bank. The study says that housing finance murabaha at bank Syariah Mandiri, Bank BRISyariah and conventional mortgages experienced a capital loss caused due to the volatility of house prices where the market value of the home after the maturity of the financing is higher than the value of the house based on murabaha financing and conventional loans.
Article Details
How to Cite
Hasbi, S., & Hadi, K. (2016). Evaluasi Pembiayaan Perumahan Akad Murabahah Versus Kredit Konvensional Berdasarkan Volatilitas Harga. Journal of Accounting and Investment, 17(1), 22–41. https://doi.org/10.18196/jai.2016.0042.22-41
Section
Articles
License
Journal of Accounting and Investment is licensed under Creative Commons Attribution Attribution-NonCommercial-NoDerivatives 4.0 International License.
References
Al-Qur’an al-Karim.
Al-Mutairi, Humoud. A Comparison Betwen Islamic and Conventional Home Financing in Kuwait: Client Perceptions of The Facilites Offered by The National Bank of Kuwait and Kuwait Finance House. Durham Theses. Durham University. 2010.
Al-Marghinani, 1957, “Al-Hidaya”, translated into English by Charles Hamilton. Premier Book House, Lahore.
Anton, A. (2006). ANALISIS MODEL VOLATILITAS RETURN SAHAM (Studi Kasus pada Saham LQ 45 di Bursa Efek Jakarta) (Doctoral dissertation, program Pascasarjana Universitas Diponegoro).
Antonio, Muhammad Syafii. Bank Syariah Dari Teori Ke Praktik. Jakarta: Gema Insani Press, 2009.
Chong, B.S. & Liu, M.H. (2009). Islamic banking: interest free or interest-based? Pacific Basin Finance Journal, 17, 125-144.
Eckert, J.K. Property Appraisal and Assessment Administration, IAAO. Chicago Illinois. 1990.
Fahirah, F. 2012. Identifikasi Faktor yang Mempengaruhi Nilai Jual Lahan dan Bangunan Pada Perumahan Tipe Sederhana, Jurnal SMARTek, Vol. 8 No. 4, 2010.
Hamid, Ayesha, dan Omar Masood. Selection Criteria for Islamic Home Financing: A Case Study of Pakistan. Journal of Qualitative Research in Financial Markets. Volume 3. Issue 2. P. 117-130. Emerald Group Publishing. 2011.
Hanif, Muhammad dan Syed Tahir Hijazi. Islamic House Financing: A Critical Analysis and Comparison With Conventional Morgage. Middle Eastern Finance and Economics. Issue 6. 2010.
Hanley, N., & Spash, C. L. (1993). Cost-benefit analysis and the environment (Vol. 499). Cheltenham: Edward Elgar.
Hardjono. Mudah Memiliki Rumah Lewat KPR. Jakarta: PT. Pustaka Grahatama, 2008.
Ismal, Rifki. Assessing Moral Hazard Problem in Murabahah Financing. Journal of Islamic Economics, Banking and Finance. Volume-5 Number-2. P.102-112. 2009.
Karim, Adiwarman Azwar. Bank Islam: Analisis Fiqih dan Keuangan. Jakarta: Rajawali Pers, 2010.
Maali, B., Casson, P., & Napier, C. (2006). Social reporting by Islamic banks. Abacus, 42(2), 266-289.
Nugroho, R., 2006. Analisis faktor-faktor yang Mempengaruhi kinerja karyawan (Studi Empiris pada PT. Bank Tabungan Negara (Persero),Cabang Bandung). Tesis. Program Studi Magister Manajemen Program Pasca Sarjana Universitas Dipenogoro.
Rama, Ali, Wisnu Wardhana, Farid Kurnia Rahman, Ilham Reza Ferdian. Islamic Benchmarking an Alternative to Interest (Evidence from Home Financing in Malaysia). Islamic Economics and Finance Pedia. International Islamic University Malaysia. 2011.
Rahmawaty, A. (2007). Ekonomi Syari’ah: Tinjauan Kritis Produk Murabahah dalam Perbankan Syari’ah di Indonesia. Jurnal Ekonomi Islam: La Riba, 1(2), 189-203.
Rivai, V., 2005. Performance Appraisal. Jakarta: Raja Grafindo Persada.
Sutawijaya, A. 2004. Analisis- Faktor-faktor Yang Mempengaruhi Nilai Jual TanahSebagai Dasar Penilaian Nilai Jual Objek Pajak (NJOP) PBBdi Kota Semarang. Jurnal Ekonomi Pembangunan, 9 (1), 65-78
Walcott, Richard C. The Appraisal of Real Estate American Institute of Real Estate Appraiser. North Michigan. Chicago Illonois. 1987.
Wiryono, Sudarso Kaderi, Barli Suryanta, dan Oktofa Yudha Sudrajad. Analysis on The Dynamics of Yield Curve of Murabaha in Indonesian Sharia Morgage Financing: The Case of Indonesian Sharia Banks. Annual International Conference on Micro and Macro Economics. 2011.
Zandi, Gholamreza, Noraini Mohd. Ariffin and Alireza Shahabi. 2012. Some Issues on Murabahah Practices in Iran and Malaysian Islamic Banks. African Journal of Business Management Vol. 6 (24), pp. 7066-7073.
Fatwa dan Peraturan Perundangan: Departemen Keuangan Republik Indonesia. Modul Penilaian Pendekatan Data Pasar. Dikeluarkan oleh Pusat Pendidikan dan Pelatihan Keuangan Umum Badan Pendidikan dan Pelatihan Keuangan untuk DTSS Penilaian Properti Dasar. 2008.
Fatwa DSN-MUI NO: 04/DSN-MUI/IV/2000 Tentang Murabahah.
Fatwa DSN-MUI NO: 13/DSN-MUI/IX/2000 Tentang Uang Muka Dalam Murabahah.
Fatwa DSN-MUI NO: 16/DSN-MUI/IX/2000 Tentang Diskon Dalam Murabahah.
Fatwa DSN-MUI NO: 17/DSN-MUI/IX/2000 Tentang Sanksi atas Nasabah Mampu yang Menunda-nunda Pembayaran.
Fatwa DSN-MUI NO: 23/DSN-MUI/III/2002 Tentang Potongan Pelunasan Dalam Murabahah.
Fatwa DSN-MUI NO: 84/DSN-MUI/XII/2012 Tentang Metode Pengakuan Keuntungan Al-Tamwil Bi Al-Murabahah (Pembiayaan Murabahah) di Lembaga Keuangan Syariah.
Peraturan Mahkamah Agung Republik Indonesia Nomor 02 Tahun 2008 Tentang Kompilasi Hukum Ekonomi Syariah.
Kamus Besar Bahasa Indonesia.
http://www.mappi.or.id/static-321-umur-ekonomis.html
http://www.bi.go.id.
Al-Mutairi, Humoud. A Comparison Betwen Islamic and Conventional Home Financing in Kuwait: Client Perceptions of The Facilites Offered by The National Bank of Kuwait and Kuwait Finance House. Durham Theses. Durham University. 2010.
Al-Marghinani, 1957, “Al-Hidaya”, translated into English by Charles Hamilton. Premier Book House, Lahore.
Anton, A. (2006). ANALISIS MODEL VOLATILITAS RETURN SAHAM (Studi Kasus pada Saham LQ 45 di Bursa Efek Jakarta) (Doctoral dissertation, program Pascasarjana Universitas Diponegoro).
Antonio, Muhammad Syafii. Bank Syariah Dari Teori Ke Praktik. Jakarta: Gema Insani Press, 2009.
Chong, B.S. & Liu, M.H. (2009). Islamic banking: interest free or interest-based? Pacific Basin Finance Journal, 17, 125-144.
Eckert, J.K. Property Appraisal and Assessment Administration, IAAO. Chicago Illinois. 1990.
Fahirah, F. 2012. Identifikasi Faktor yang Mempengaruhi Nilai Jual Lahan dan Bangunan Pada Perumahan Tipe Sederhana, Jurnal SMARTek, Vol. 8 No. 4, 2010.
Hamid, Ayesha, dan Omar Masood. Selection Criteria for Islamic Home Financing: A Case Study of Pakistan. Journal of Qualitative Research in Financial Markets. Volume 3. Issue 2. P. 117-130. Emerald Group Publishing. 2011.
Hanif, Muhammad dan Syed Tahir Hijazi. Islamic House Financing: A Critical Analysis and Comparison With Conventional Morgage. Middle Eastern Finance and Economics. Issue 6. 2010.
Hanley, N., & Spash, C. L. (1993). Cost-benefit analysis and the environment (Vol. 499). Cheltenham: Edward Elgar.
Hardjono. Mudah Memiliki Rumah Lewat KPR. Jakarta: PT. Pustaka Grahatama, 2008.
Ismal, Rifki. Assessing Moral Hazard Problem in Murabahah Financing. Journal of Islamic Economics, Banking and Finance. Volume-5 Number-2. P.102-112. 2009.
Karim, Adiwarman Azwar. Bank Islam: Analisis Fiqih dan Keuangan. Jakarta: Rajawali Pers, 2010.
Maali, B., Casson, P., & Napier, C. (2006). Social reporting by Islamic banks. Abacus, 42(2), 266-289.
Nugroho, R., 2006. Analisis faktor-faktor yang Mempengaruhi kinerja karyawan (Studi Empiris pada PT. Bank Tabungan Negara (Persero),Cabang Bandung). Tesis. Program Studi Magister Manajemen Program Pasca Sarjana Universitas Dipenogoro.
Rama, Ali, Wisnu Wardhana, Farid Kurnia Rahman, Ilham Reza Ferdian. Islamic Benchmarking an Alternative to Interest (Evidence from Home Financing in Malaysia). Islamic Economics and Finance Pedia. International Islamic University Malaysia. 2011.
Rahmawaty, A. (2007). Ekonomi Syari’ah: Tinjauan Kritis Produk Murabahah dalam Perbankan Syari’ah di Indonesia. Jurnal Ekonomi Islam: La Riba, 1(2), 189-203.
Rivai, V., 2005. Performance Appraisal. Jakarta: Raja Grafindo Persada.
Sutawijaya, A. 2004. Analisis- Faktor-faktor Yang Mempengaruhi Nilai Jual TanahSebagai Dasar Penilaian Nilai Jual Objek Pajak (NJOP) PBBdi Kota Semarang. Jurnal Ekonomi Pembangunan, 9 (1), 65-78
Walcott, Richard C. The Appraisal of Real Estate American Institute of Real Estate Appraiser. North Michigan. Chicago Illonois. 1987.
Wiryono, Sudarso Kaderi, Barli Suryanta, dan Oktofa Yudha Sudrajad. Analysis on The Dynamics of Yield Curve of Murabaha in Indonesian Sharia Morgage Financing: The Case of Indonesian Sharia Banks. Annual International Conference on Micro and Macro Economics. 2011.
Zandi, Gholamreza, Noraini Mohd. Ariffin and Alireza Shahabi. 2012. Some Issues on Murabahah Practices in Iran and Malaysian Islamic Banks. African Journal of Business Management Vol. 6 (24), pp. 7066-7073.
Fatwa dan Peraturan Perundangan: Departemen Keuangan Republik Indonesia. Modul Penilaian Pendekatan Data Pasar. Dikeluarkan oleh Pusat Pendidikan dan Pelatihan Keuangan Umum Badan Pendidikan dan Pelatihan Keuangan untuk DTSS Penilaian Properti Dasar. 2008.
Fatwa DSN-MUI NO: 04/DSN-MUI/IV/2000 Tentang Murabahah.
Fatwa DSN-MUI NO: 13/DSN-MUI/IX/2000 Tentang Uang Muka Dalam Murabahah.
Fatwa DSN-MUI NO: 16/DSN-MUI/IX/2000 Tentang Diskon Dalam Murabahah.
Fatwa DSN-MUI NO: 17/DSN-MUI/IX/2000 Tentang Sanksi atas Nasabah Mampu yang Menunda-nunda Pembayaran.
Fatwa DSN-MUI NO: 23/DSN-MUI/III/2002 Tentang Potongan Pelunasan Dalam Murabahah.
Fatwa DSN-MUI NO: 84/DSN-MUI/XII/2012 Tentang Metode Pengakuan Keuntungan Al-Tamwil Bi Al-Murabahah (Pembiayaan Murabahah) di Lembaga Keuangan Syariah.
Peraturan Mahkamah Agung Republik Indonesia Nomor 02 Tahun 2008 Tentang Kompilasi Hukum Ekonomi Syariah.
Kamus Besar Bahasa Indonesia.
http://www.mappi.or.id/static-321-umur-ekonomis.html
http://www.bi.go.id.