Modification Finance of Salam and the Implications for Salam Accounting Treatment in Indonesia

Abstract

Bank Indonesia has set standardization of Salam and PSAK No. 103. The theoretical study results showed that the non-application of Salam contract in the Islamic Banking includes: fear of the banks on dishonesty or farmers’ harvest failure, the risks that brought by Salam contract and the lack of socialization of Salam contract to the farmers. The modified solutions made to eliminate the problem at Salam contract is to establish agricultural banks, providing socialization and education to farmers, giving option to the payment system of Salam and the amount of farmers’ credit are not the basic price of farmers’ harvest.

Cite this work

No public copy is stored for this record, so only the metadata is cited.

Stored only when both papers are in the corpus — 10 citations exist upstream.