Section Articles

The Implementation of Sharia Principles in Murabaha Contracts: A Comparative Analysis between the National Islamic Banking System and the Aceh Qanun

Ria Regita
[email protected] (Primary Contact)
Pascasarjana UIN Sayyid Ali Rahamatullah Tulungagung, Indonesia
Nur Aziz Muslim
Pascasarjana UIN Sayyid Ali Rahamatullah Tulungagung, Indonesia
Mutia Izzatun Nurul Imamah
Pascasarjana UIN Sayyid Ali Rahamatullah Tulungagung, Indonesia

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Jun 19, 2025
Published
Jun 29, 2025
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Abstract

The Islamic banking system in Indonesia is designed to apply sharia principles comprehensively and consistently, particularly in murabahah contracts as one of the main financing instruments. With the existence of a national regulatory framework such as Law No. 21 of 2008, fatwas from the National Sharia Council Indonesian Ulema Council (DSN-MUI), and supervision by the Financial Services Authority (OJK) and the Sharia Supervisory Board (DPS), the implementation of murabahah contracts should be uniform across the country. However, actual practices reveal variations, especially in the Province of Aceh, which has special autonomy in sharia affairs through Qanun Aceh No. 11 of 2018 and fatwas issued by the Aceh Ulama Consultative Council (MPU). This disparity raises the need to examine how sharia principles are applied under these two different regulatory systems. This study aims to comparatively analyze the implementation of murabahah contracts in the national Islamic banking system and the qanun-based Islamic financial system in Aceh. This article constitutes a normative juridical study employing a comparative analytical approach by examining legal documents, fatwas, and banking operational policies. Data were obtained through literature review, national regulations, regional qanun, and relevant previous studies. The findings indicate that the national system excels in efficiency, standardized procedures, and centralized supervision, while the Acehnese system emphasizes a more substantive and cautious approach rooted in local sharia values. Policy harmonization between the two offers an important opportunity to strengthen the integration of a more contextual, equitable, and sustainable national Islamic financial system.

Keywords

Sharia Principles Murabaha Contracts Islamic Banking

Article Details

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