Musyarakah Financing Case Study

Name :

Husna Aulia Magfirah                (20160420336)

Irma Rahmawati                (20160420273)

Regita Radesti Ramayani        (20160420280)

M. Naufal Augustian                (20160420281)

Class : J IPAcc

Assignment Chapter 8

Theory Question

1. Explain the definition of musyarakah financing.

Musyarakah financing is the covenant where there are the parties mutual contribute to the financing (fund or capital) and business management on a certain business with the proportion can be the same or not. The benefits/spider from musyarakah financing business is divided in accordance with the agreement between the parties based on the odds that have been agreed upon, so also with the loss that arises from the business are distributed according to the proportion of capital.

1. Explain the difference between the discounted rates with musyarakah scheme and with the scheme mudharabah.

1. The fundamental difference between akad mudharabah and musyarakah is located on the composition of the capital be deposited by business managers (mudharib) and investors (shahibul maal).

• 100% mudharabah capital - in its entirety from shahibul maal.
• 100% musyarakah capital - X % mudharib, and (100-X) % rest from shahibul maal.

1. Mudharabah differences and the second musyarakah, looks like a compensation of the difference between the two capital composition. On akad mudharabah, segregation duties and responsibilities. Namely, one party responsible for running the business to be able to gain (mudharib). And one party again on duty provides the entire capital for running the business (shahibul maal). Different with akad mudharabah, system business cooperation for the results with scheme musyarakah provides the opportunity for investors to participate and manage the business together.

1. Explain the pillars of discounted rates musyarakah

Pillars Of discounted rates musyarakah consist of :

1. Transakstor, which people debating the law and competent in giving or given authority representatives. In addition, each partner must have capital and do the work as vice.
2. The object of musyarakah, consists of capital (cash or nonkas), employment and profit and loss.
3. Ijab and Qabul, in musyarakah transaction must be stated by the parties to menunukkan their wills in a contract (akad).

1. Explain the differences between the musyarakah declined with permanent musyarakah.

Musyarakah permanent is musyarakah with the terms of the funds each partner defined as marriage and the number remain until the end of the period of marriage. While musyarakah decline (musyarakah musyarakah mutanaqisha) is with the terms of the entity funds will be redirected gradually to partners so that the entity funding will decline and at the end of the period of marriage partners will become the owner of the business.

1. Distinguish between revenue sharing, profit sharing and gross profit. Describe also the strengh and weakness of them.

Answer :

Revenue sharing is the sharing that is declared before calculating the operational cost and other bank costs and there is no the separation for comission. The strenght of this system is there is more income for the customer and bank by looking for the interest and it is a faster income. the weakness of this method is the interest is forbidden in Islam and because of that, there is no a fairness between customer and bank.

Profit sharing is a sharing that is divided by calculating the profit/loss of the business. The profit sharing happens when the revenue is bigger than the total cost. The strength of this method is the fairness of the sharing. And the weakness is it is hard to calculate the right sharing of the profit/loss.

Gross profit is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Gross profit will appear on a company's income statement, and can be calculated with this formula: Gross profit = Revenue - Cost of Goods Sold. The weakness is, the calculation is not clear enough to be declared as revenue.

1. Screen shoot the shari’ah financial statement about musyarakah and compare to PAPSI 2013 and PSAK 106.

Answers :

This is the financial statement of Bank Syariah Mandiri in 2016

[pic 1]

[pic 2]

Case 1

Case 2