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the fore will be quite promising. The Islamic banking industry is predicted to continue to grow rapidly.
B. Focus of the Study
The focus of the study is the practice of Murabaha in two banks. The study would be conducted with the comparative method in order to compare the
practice of Murabaha between two respected banks, one based in a population where the Muslim population is the majority and the other in minority.
The comparative method is often used in the early stages of the development of a branch of science. It can help the researcher to ascend from the
initial level of exploratory case studies to a more advanced level of general theoretical models, invariances, such as causality or evolution.
The design of comparative research is simple. The objects are specimens or cases which are similar in some respects otherwise, it would not be
meaningful to compare them but they differ in some respects. These differences become the focus of examination. The goal is to find out why the cases are
different: to reveal the general underlying structure which generates or allows such a variation.
Comparation is one of the most efficient methods for explicating or utilizing tacit knowledge or tacit attitudes. This can be done, for example, by
showing in parallel two slides of two slightly different objects or situations and by asking people to explain verbally their differences.
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The method is also versatile: one can use it in detail work as a complement to other methods, or the entire structure of a research project can
consist of the comparison of just a few cases.
C. Research Questions
The mode of Murabaha has been implemented by Islamic banking and institutions as a means of avoiding interest riba. Yet the mode has not been shy
of critism by Islamic scholars, Muslims and non-Muslims alike and some referring to Murabaha merely as a change of name to the interest-lending loans
offered by the conventional counterpart. Although all the controversy, the mode of Murabaha has become the most
popular mode of finance in Islamic banking. The study will focus on Murabaha used in Islamic banks in South Africa and Indonesia, its similarities and
differences, and the main reason it has become the most popular financial instrument amongst all others.
On that basis, the principal problem of this research can be formulated on the comparative study between Muamalat bank in Indonesia and Al-Barakah
Bank in South Africa on the following aspects: 1. What is the theoratical concept of murabaha?
2. Implementation of murabaha Muamalat bank in Indonesia and Al-Barakah Bank in South Africa
3. Analyzing the differences and similarities in the implementation of
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Murabaha ?
4. The issue of nominating an agent or representative Wakalah. 5. How is the profit-margins determined and are they contemporous with the
interest rate? 6. The difference in the tax systems on Murabaha applied in the respective
banks?
D. Objectives of Study
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