ANALYSIS OF THE APPLICATION OF MURABAHAH CONTRACT TO IB GOLD OWNERSHIP PRODUCTS AT KB BANK SYARIAH SURABAYA
Abstract
This study examines the implementation of the murabahah contract in the iB Gold Ownership product at KB Bank Syariah KCP Surabaya. The research is motivated by the gap between administrative sharia compliance and substantive sharia compliance in murabahah-based gold financing, particularly regarding asset ownership, margin transparency, risk allocation, and contract validity. This study uses a descriptive qualitative approach, with data collected through interviews, observation, and documentation involving bank officers and customers. The findings show that the product demonstrates strong administrative compliance through the use of murabahah, disclosure of price and margin, fixed installment terms, and the integration of rahn as collateral. However, substantive compliance still requires stronger evidence of gold ownership by the bank before the sale contract, clearer documentation of ownership transfer, and better customer understanding of the distinction between murabahah margin and conventional interest. The contribution of this study lies in its analytical distinction between administrative compliance and substantive sharia compliance, offering a more critical framework for evaluating murabahah-based gold financing practices in Islamic banking.
Keywords:
murabahah contract, gold financing, Islamic banking, Islamic financial literacy.
References
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Badarus, S. A., Ahmad Musadad, & Hipni, M. (2015). THE URGENCY OF THE CONFORMITY OF THE CONTRACT ACCORDING TO POSITIVE LAW IN NON-BANK ISLAMIC FINANCIAL INSTITUTIONS FOR CONSUMER PROTECTION IN THE FACE OF THE ASEAN ECONOMIC COMMUNITY IN MADURA. StuRat (1), 9–18.
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Damayanti, K., Suharmiati, & Nuraini, A. (2025). A Review of the Financing Procedure with Murabahah and Rahn Contracts in Gold Installments Case Study at PT Bank Syariah Indonesia Pomad Branch. 5(1), 113–124. https://doi.org/10.37641/jabkes.v5i1.19459
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Hasanah, R., Nastiti, A. S., Kamelia, I., & Afroh, F. (2024). Analysis of the Implementation of Murabahah Contracts on Gold Installment Products at Bank Syariah Indonesia (Case Study : BSI KCP Jember Balung ). 2(03), 418–425.
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Inarotul A'yun, S. nur aliyah. (2025). Analysis of the Implementation of the Murabahah Agreement on Gold Installment Products at Bank Syariah Indonesia KCP Tuban. 6, 220–233.
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Khairuzzadi, M., & Hasnita, N. (2025). JURIDICAL REVIEW OF GOLD INSTALLMENT FINANCING AT INDONESIAN ISLAMIC BANKS IN THE CONTEXT OF MURABAHAH. 6(1), 363–379.
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Maulidya, L., Awali, H., & Kurniawan, P. C. (2025). The Effect of Sharia Financial Literacy on People's Interest in Using Islamic Banking Products. 4(2), 427–434.
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Nurjadidah, A. S., & Damiri, A. (2020). Implementation of the Murabahah and Rahn Agreement on Gold Installment Products at Bank Syariah Mandiri Sub-Branch Office. pp. 4, 95–111.
Qomaruddin, & Sa'diyah, H. (2024). Theoretical Studies of Data Analysis Techniques in Qualitative Research :P Spradley, Miles and Huberman Perspective. 1(2), 77–84.
Rachman, A., Astuti, W., Simatupang, A. D. R., Azizah, I., Azwar, M., Syariah, S. P., Abditama, C., Accounting, P. S., Cendekia, U., Studi, P., Syariah, E., & Abditama, C. (2023). Murabahah Agreement Implementation Model on Sharia Banking Financing Products in Indonesia. 6(1), 81–92.
Siti Nurjanah, M., Deden Suherman, U., & Abdul Gani, A. (2024). IMPLEMENTATION OF MURABAHAH AND RAHN CONTRACTS ON GOLD INSTALLMENT PRODUCTS AT BANK SYARIAH INDONESIA. pp. 1(02), 174–188.
Suardi, D., & Salamah, F. (2021). THE ANALYSIS OF FATWA DSN MUI NO : 04 / DSN-MUI / IV / 2000 ON THE IMPLEMENTATION OF MURABAHAH CONTRACT ON GOLD INSTALLMENT PRODUCTS AT SHARIA BANK MANDIRI KCP. CIKUPA TANGERANG-BANTEN IMPLEMENTATION OF MURABAHAH CONTRACT ON GOLD INSTALLMENT PRODUCTS AT BANK SYARIAH MANDIRI KCP. CUP. 7(1), 37–47.
Subakti, G. E., Rindu, M., & Islamy, F. (2021). Comparative Study of The Dynamics of Riba Discourses Between Sharia Banks and Conventional Banks. 7(03), 1313–1317.
Yahya, B., Iswanaji, C., & Nilasari, A. P. (2025). IMPLEMENTATION OF GOLD OWNERSHIP FINANCING WITH MURABAHAH CONTRACT ON HIJRAH GOLD SOLUTION PRODUCTS AT BANK MUAMALAT KCP MAGELANG. 3(1), 19–27.
Zahra, N., & Yudhanegara, F. (2025). Analysis of the Implementation of PSAK 402 Murabahah Financing on Gold Installment Products at Sharia Banks (Case Study on Bank BSI KCP Cimahi Amir Mahmud).
Anugrah, Y. D. Y. (2020). ANALYSIS OF THE CONCEPT OF THE APPLICATION OF MURABAHAH FINANCING IN ISLAMIC BANKING. 1:1–12.
Anwar, M. K. (2025). Implementation of the prohibition of riba in Islamic banking: an analysis of qs. al-baqarah verses 275-279. pp. 6(02), 66–75.
Az-Zuhaili, P. D. W. (2011). ISLAMIC FIQH WA ADILLATUHU.
Badarus, S. A., Ahmad Musadad, & Hipni, M. (2015). THE URGENCY OF THE CONFORMITY OF THE CONTRACT ACCORDING TO POSITIVE LAW IN NON-BANK ISLAMIC FINANCIAL INSTITUTIONS FOR CONSUMER PROTECTION IN THE FACE OF THE ASEAN ECONOMIC COMMUNITY IN MADURA. StuRat (1), 9–18.
Bank Syariah Indonesia, L. T. (2023). Business expansion and acceleration for sustainable growth.
Damayanti, K., Suharmiati, & Nuraini, A. (2025). A Review of the Financing Procedure with Murabahah and Rahn Contracts in Gold Installments Case Study at PT Bank Syariah Indonesia Pomad Branch. 5(1), 113–124. https://doi.org/10.37641/jabkes.v5i1.19459
FATWA OF THE NATIONAL SHARI'AH COUNCIL NO:04/DSN-MUI/IV/2000. (2000). "... And Allah has legalized buying and selling and forbidding usury...." 3. The Word of Allah QS. al-Ma'idah [5]: 1: ....
Furidha, B. W. (2023). Comprehension of the Descriptive Qualitative Research Method : A Critical Assessment of the Literature. Sec. 2.
Gaussian, G., & Elisa, E. (2025). Perspective of Sharia Economic Law in the Murabahah Contract on Gold Installment Products at BPRS PNM Mentari Garut. c, 1–2.
Handayani, I., Candara, R., Mardialta, I., & Zora, F. (2025). Comparison of the Functions and Roles of Islamic Banks and Financial Institutions in the Indonesian Economy. 1(1), 1–9.
Hasanah, R., Nastiti, A. S., Kamelia, I., & Afroh, F. (2024). Analysis of the Implementation of Murabahah Contracts on Gold Installment Products at Bank Syariah Indonesia (Case Study : BSI KCP Jember Balung ). 2(03), 418–425.
Hidayaturrahmaniah, N., & Suriani. (2023). Research in Management, Business & Economics gold installment at Bank Syariah Indonesia KCP Selong, West Lombok, Nusa Tenggara. 2(1), 1–7.
Inarotul A'yun, S. nur aliyah. (2025). Analysis of the Implementation of the Murabahah Agreement on Gold Installment Products at Bank Syariah Indonesia KCP Tuban. 6, 220–233.
KB Bank Syariah, L. T. (2023). Moving together, reaching the next level.
Khairuzzadi, M., & Hasnita, N. (2025). JURIDICAL REVIEW OF GOLD INSTALLMENT FINANCING AT INDONESIAN ISLAMIC BANKS IN THE CONTEXT OF MURABAHAH. 6(1), 363–379.
Kurniawati, E. T. (2021). Development of MSME financing credit scoring system. 17(3), 609–616.
Lao, H., Kabu, E., & Nazarudin, H. (2024). TOURISM DEVELOPMENT OF FATUMNASI VILLAGE, SOUTH CENTRAL TIMOR. 8(1), 1967–1976.
Maulidya, L., Awali, H., & Kurniawan, P. C. (2025). The Effect of Sharia Financial Literacy on People's Interest in Using Islamic Banking Products. 4(2), 427–434.
Mustofa. (2021). ANALYSIS OF SHARIA FINANCIAL LITERACY AND STUDENT SAVING BEHAVIOR. Consider using the three paragraphs beginning with, "Consider using the three paragraphs beginning with, 'Consider using the three paragraphs beginning with, 'Consider using the three paragraphs beginning with, 'T
Nesneri, Y., & Novita, U. (2023). Analysis of Islamic Financial Literacy in Riau People. Sec. 6.
Nurjadidah, A. S., & Damiri, A. (2020). Implementation of the Murabahah and Rahn Agreement on Gold Installment Products at Bank Syariah Mandiri Sub-Branch Office. pp. 4, 95–111.
Qomaruddin, & Sa'diyah, H. (2024). Theoretical Studies of Data Analysis Techniques in Qualitative Research :P Spradley, Miles and Huberman Perspective. 1(2), 77–84.
Rachman, A., Astuti, W., Simatupang, A. D. R., Azizah, I., Azwar, M., Syariah, S. P., Abditama, C., Accounting, P. S., Cendekia, U., Studi, P., Syariah, E., & Abditama, C. (2023). Murabahah Agreement Implementation Model on Sharia Banking Financing Products in Indonesia. 6(1), 81–92.
Siti Nurjanah, M., Deden Suherman, U., & Abdul Gani, A. (2024). IMPLEMENTATION OF MURABAHAH AND RAHN CONTRACTS ON GOLD INSTALLMENT PRODUCTS AT BANK SYARIAH INDONESIA. pp. 1(02), 174–188.
Suardi, D., & Salamah, F. (2021). THE ANALYSIS OF FATWA DSN MUI NO : 04 / DSN-MUI / IV / 2000 ON THE IMPLEMENTATION OF MURABAHAH CONTRACT ON GOLD INSTALLMENT PRODUCTS AT SHARIA BANK MANDIRI KCP. CIKUPA TANGERANG-BANTEN IMPLEMENTATION OF MURABAHAH CONTRACT ON GOLD INSTALLMENT PRODUCTS AT BANK SYARIAH MANDIRI KCP. CUP. 7(1), 37–47.
Subakti, G. E., Rindu, M., & Islamy, F. (2021). Comparative Study of The Dynamics of Riba Discourses Between Sharia Banks and Conventional Banks. 7(03), 1313–1317.
Yahya, B., Iswanaji, C., & Nilasari, A. P. (2025). IMPLEMENTATION OF GOLD OWNERSHIP FINANCING WITH MURABAHAH CONTRACT ON HIJRAH GOLD SOLUTION PRODUCTS AT BANK MUAMALAT KCP MAGELANG. 3(1), 19–27.
Zahra, N., & Yudhanegara, F. (2025). Analysis of the Implementation of PSAK 402 Murabahah Financing on Gold Installment Products at Sharia Banks (Case Study on Bank BSI KCP Cimahi Amir Mahmud).
Published
2026-04-25
How to Cite
Fitriati, A., & Mashudi, M. (2026). ANALYSIS OF THE APPLICATION OF MURABAHAH CONTRACT TO IB GOLD OWNERSHIP PRODUCTS AT KB BANK SYARIAH SURABAYA. Jesya (Jurnal Ekonomi Dan Ekonomi Syariah), 9(2). https://doi.org/https://doi.org/10.36778/jesya.v9i2.2652
Section
Articles
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