Islamic Banking Products, there are two parts

Islamic Banking Products: Basically Islamic Banking has products that are classified into two parts, including:

Part one: Islamic Banking Products; Services to borrowers:
  • Mudharabah, is agreement between provider of capital to entrepreneurs. Any advantage gained will be divided according to specific ratios agreed upon. Full risk of loss borne by the Bank except for losses caused by mismanagement, negligence and deviation of the customer such as corruption, fraud and abuse.
  • Musyarokah (Joint Venture), this concept is applied to the model of a partnership or joint venture. Benefits achieved will be shared in an agreed ratio while losses will be divided based on the ratio of equity owned by each party. The fundamental difference with Mudharabah is in this concept there is interference management Mudharabah management while there was no interference.
  • Murobahah, namely the distribution of funds in the form of buying and selling. The bank will buy the item from the seller and then sell it back to service users in accordance with the elevated prices set profit margins of banks, and service users can move the goods. The installment of flats according to the contract at the beginning and the installment amount = cost price plus an agreed margin. Examples: house prices, 500 million, the bank margin / profit banks 100 million, then the borrowers who paid 600 million and are paid in installments over an agreed time at the beginning between the Bank and the Customer.
  • Takaful (Islamic insurance)
Part two: Islamic Banking Products; Services to depositors:
  • Wadi'ah (care services), is a fund day care services where penitip can withdraw funds at any time. With the system wadi’ah Bank is not obliged, but allowed, to provide bonuses to customers.
  • Mudharobah deposits, customers save money in the bank within a certain period of time. The advantages of investing in customer funds by the banks will be distributed between banks and customers with a specific profit sharing ratio. 
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