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Case Sharia Banking (chapt. 7)
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The case of Sharia Banking about how to calculate with Murabaha
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QUIZ SESSION 7On January 12, 2021, Bpk. H. Anang applied for financing to an bank Syariah Mandiri
(BSM) for house renovation. The amount of financing proposed is Rp. 1,000,000,000, -.
After analysis by BSM bank, bank approved Mr. H. Anang's financing proposal with the
following terms and conditions:
- The amount of financing approved is 70% of the amount proposed
- Provision for financing of 0.5%
- Administration fee of Rp. 1,000,000, -
- Notary fee of Rp. 2,000,000, -
- Period of 5 years (60 months)
- Margin of 25%
- The bank will drop financing if the customer has paid all costs that must be paid by the
customer
QUESTIONS:
a. Calculate total cost to be paid by Bpk H. Anang for this financing proposal.
b. Calculate the principal installments that the customer must pay each month
c. Calculate the margin that the customer must pay each month
d. Make a list of the principal installment payment schedule table and the margin for 12
months (the first 1 year)
e. In your opinion, with the financing contract mentioned above, what guarantees are required
by the bank to the customer?
ANSWERS:
a. The amount cost of financing that approved by the bank:
Rp. 1,000,000,000 × 70% = Rp. 700,000,000
b The amount of principal instalments that the customer must be paid each month:
Rp. 700,000,000 ÷ 60 months = Rp. 11,666,667 /per month
c. Margin that the customer must pay each month
25% × Rp. 700,000,000 = Rp. 175,000,000
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