Shirkah: Journal of Economics and Business
Vol 3, No 1 (2018)

Conventional Home Loan and Islamic Home Financing in Comparative Perspective

Dwi Umardani (Sekolah Tinggi Ilmu Ekonomi Rahmaniyah Sekayu, South Sumatera)



Article Info

Publish Date
10 Jan 2019

Abstract

This article aims to comparatively discuss conventional home loan (Kredit Perumahan Rakyat/KPR) and Islamic home financing (Pembiayaan Pemilikan Rumah Syariat/PPRS), locating in Bank Central Asia (BCA) and Bank Syariah Mandiri (BSM). Qualitative narrative of formal procedural system of owning home of the mortgages critically analyzed aiming to get clear-cut the differences both loans. This paper confirms that BCA uses the interest system in providing mortgage (KPR) and does not concern on the use of the funds. BSM generally has implemented murabaha scheme (deferred payment sale). For the late paying installments, both banks have applied quite different procedure systems.Keywords: mortgages, home loan, KPR, PPRS

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Journal Info

Abbrev

home

Publisher

Subject

Economics, Econometrics & Finance

Description

Syirkah: Jurnal Ekonomi dan Bisnis adalah jurnal peer-review yang diterbitkan tiga kali setahun (April, Agustus, dan Desember) oleh Fakultas Ekonomi Islam dan Bisnis Institut Agama Islam Negeri (IAIN) Surakarta Jawa Tengah Indonesia bekerja sama dengan Perhimpunan Indonesia Ekonom Islam (lihat ...