Musyarakah Mutanaqishah, Innovative Product for Islamic Banking Financing in Indonesia


Authors : Anugrah Amin; Muhammad Wahyuddin Abdullah

Volume/Issue : Volume 5 - 2020, Issue 12 - December

Google Scholar : http://bitly.ws/9nMw

Scribd : https://bit.ly/2WCF0Di

The development of Islamic banking and entities in Indonesia requires adaptation and innovation of Islamic banking in response challenge era. Model Financing Musyarakah Mutanaqishah (MMQ) or often called diminishing partnership is a type of financing in the form of cooperation in the ownership of an asset or other item by two or more parties. In a case where the temporary ownership rights of one party will increase in line with the decrease in ownership rights of the other party because the transfer of rights according to the initial agreement is in the form of installment payments. In syirkah mutanaqishah, it is necessary to clearly state the installment amount and the nominal rental amount which is the obligation of the customer as a party. In addition, the term of the rental payment must be agreed at the beginning of the agreement, although in the process there can be renegotiation regarding the term and amount of the rental price.

Keywords : Product Innovation, Development, Musyarakah Mutanaqishah, Contract/Agreement, Islamic Banking, Solutions.

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