Strategy Of Declining Musyarakah Financing Model In Sharia Commercial Banks In Indonesia

Abstract

This study aims to apply the Ijarah-based Diminishing Musyarakah (IDM) model to improve Musyarakah financing in Indonesian Islamic Commercial Banks and the Ijarah Muntahia Bittamlik (IMBT) application can improve the IDM model by increasing the flexibility of Musyarakah financing. This study uses a qualitative approach with the Network Process Analysis (ANP) method with Superdecision application data processing. Data collection techniques were carried out through a parwise comparison questionnaire and interviews with respondents consisting of practitioners, experts and regulators, Islamic banking. The results show that the IDM and IMBT models can improve the flexibility and security of Musyarakah financing. This study also found that the application of the IDM and IMBT models requires adjustments to revenue recognition, asset measurement and recognition, disclosure, and recording and reporting. Ijara Diminishing Musyaraka has a high priority with a value of 0.108 in Limiting and 0.27 in Normalized. Shows that the Ijarah-based Diminishing Musyarakah (IDM) model can be applied to increase Musyarakah financing in Indonesian Islamic Commercial Banks. IDM has a positive influence on Musyarakah financing and can be an effective financing alternative. The application of Ijarah Muntahia Bittamlik (IMBT) can improve the IDM model by increasing the flexibility of Musyarakah financing. This research contributes to the development of a more effective Musyarakah financing model that is in accordance with sharia principles. The results of this study can be used as a reference for Islamic banking practitioners and regulators to improve the quality of Musyarakah financing.