Implementation of the Murabahah Bil Wakalah Contract on Micro Loan Products at BSI Sampang from a Sharia Economic Perspective

Abstract

The purpose of this study is to analyze the implementation of the murabahah bil wakalah contract in the Micro Business Credit (KUR) product at Bank Syariah Indonesia (BSI) Sampang Branch. This research is an empirical legal research with a qualitative approach.This study concludes that the implementation of the murabahah bil wakalah contract for the Micro KUR product at Bank Syariah Indonesia (BSI) Sampang Branch has been carried out through structured stages, starting from submission, verification, survey, feasibility analysis, contract, disbursement, purchase of financing objects, and supervision. The wakalah contract provides convenience to customers in purchasing goods, while proof of transaction in the form of receipts or invoices is used as a form of accountability for the use of funds. Micro KUR is characterized by relatively low margins, easy requirements, and the absence of collateral obligations in certain categories. The results of this study can be used as evaluation material to improve the quality of supervision, contract transparency, and assistance to customers so that the use of financing is in accordance with the agreed objectives. For customers, this study emphasizes the importance of understanding the contract mechanism and fulfilling administrative obligations as a form of accountability for the financing received.