DOMINATION OF MURABAHA FINANCING OF ISLAMIC MICROFINANCE IN DEVELOPED AND UNDERDEVELOPED AREAS IN BOGOR REGENCY

Ferawati, Rofiqoh and Juanda, Bambang and Syaukat, Yusman and Bratakusuma, Dedy S (2015) DOMINATION OF MURABAHA FINANCING OF ISLAMIC MICROFINANCE IN DEVELOPED AND UNDERDEVELOPED AREAS IN BOGOR REGENCY. UNSPECIFIED thesis, UNSPECIFIED.

[img] Text (Domination Of Murabaha Financing Of Islamic Microfinance In Developed And Underdeveloped Areas In Bogor Regency)
1-MURABAHA-FINANCING.pdf - Published Version

Download (543kB)
[img] Text (Similarity Domination Of Murabaha Financing Of Islamic Microfinance In Developed And Underdeveloped Areas In Bogor Regency)
Jurnal hasil cek turnitin.pdf - Supplemental Material

Download (6MB)
Official URL: http://www.ijsk.org/wp-content/uploads/2015/04/1-M...

Abstract

Islamic Microfinance (IMFIs) is an alternative for micro business to access financing that easier than that of from banks. IMFIs, on its early stage, offers different system than the conventional micro financial institutions with their “core product”, which is the profit sharing system. However, over time, the core product shows less expected development than other products using buy and sell system known as murabaha. The murabaha system dominates financing product of ninety percent of IMFIS in Indonesia. Similar percentage also occurs in Bogor Regency. This research aims to study the domination of murabaha financing in developed and underdeveloped areas in Bogor Regency and factors influencing preference of micro businesses toward murabaha financing. The model used in the research is descriptive analysis and Logit Multinominal. The result shows the reasons of the domination of murabaha financing in developed and underdeveloped areas in Bogor Regency. The first reason is that this financing system has lower risk than other financing products. The second reason is that, by this system, the revenue of IMFIS is earned from preagreed margin, thus has a higher level of certainty. The micro businesses prefer to use the financing system based on the terms of credit period, time spent to gain information, as well as installment certainty. Time period variable of murabaha preference of micro business is 0.98 times higher than musyaraka financing. Installment certainty variable shows that the lower the certainty of murabaha system’s installment the tendency of customers prefer to choose musyaraka system is as high as 0.01 times. Whereas, the variable of financing source shows that the tendency of micro businesses to choose murabaha financing system is 0.549 times higher than musyaraka.

Item Type: Thesis (UNSPECIFIED)
Keywords / Katakunci: Islamic Microfinance, Multinomial Logit, Murabaha, Micro Business
Subjects: 300 Ilmu Sosial > 330 Ilmu Ekonomi
300 Ilmu Sosial > 330 Ilmu Ekonomi > 332.1 Bank, Perbankan
Divisions: Fakultas Ekonomi dan Bisnis Islam > Ekonomi Syariah
Depositing User: Murjoko S.Kom
Date Deposited: 29 Oct 2019 08:49
Last Modified: 30 Oct 2019 04:20
URI: http://repository.uinjambi.ac.id/id/eprint/463

Actions (login required)

View Item View Item