A NARRATIVE STUDY OF AGRICULTURAL CAPITAL FINANCING MURABAHAH CONTRACTS AT BMT

This research aims to determine how the implementation of agricultural capital financing with the murabahah contract, the factors that caused problematic financing, and how to handle problematic financing, especially in the financing of agricultural capital with a murabahah contract at BMT BUS KPU Tuban Branch. Agricultural capital financing is a type of financing that is quite rare for BMT in Tuban District, because in providing agricultural financing, BMT is very vulnerable to suffer losses due to problematic financing. This research was a field research with a qualitative approach. Data collection techniques were carried out through interviews and documentation. Data sources consists of primary and secondary data. Data analysis used analytic descriptive technique. The results explained that the murabahah financing procedure implemented at BMT BUS KPU Tuban Branch on agricultural capital financing practices can be said to be good, because in its implementation each prospective member of the financing was obliged to meet the applicable requirements and procedures, the factors that cause problematic financing were external and internal factors, The strategy for handling problematic financing at BMT BUS KPU Tuban Branch used a family approach, intensive billing, financing restructuring, collateral takeover, collateral execution and finally if it was not successful with financing elimination.


Introduction
So far, the agricultural sector still plays an important role in the country.
Given that Indonesia is a large agrarian country, agriculture is a source of income and livelihood for most rural communities, as well as a supplier of raw materials and a market for industry. The agricultural sector even has a role that cannot be replaced by other sectors, namely as a source of food.Several things show the importance of this sector. First, the potential of natural resources is very large.
Second, the contribution of the agricultural sector to employment is still large and ISTITHMAR: Journal of Islamic Economic Development, Volume 5, No. 2, Desember 2021 89 significant. Third, become the foundation of rural development. 1 From a financial perspective, especially the banking business, apart from being an intermediary, it is also profit-oriented, and avoids choosing a high-risk industry to increase the level of non-performing financing. Greece in 2017 states that Banks apply this behavior because the maximum limit for non-performing financing should not exceed 5%.
Capital strengthening in the rural agricultural sector is still very small.
Because there are not many formal institutions that provide loans to farmers. 2 In addition, the loan system that requires customers to have collateral and pay interest is also an obstacle, because farmers do not have monthly income and circulation of money waiting for harvest. Murabahah means a sale of goods for which the price of the goods is added to the profits agreed upon by both parties. In other words, members have obtained financing from the procurement of these goods. In KSPPS BMT BUS Tuban, this type of financing for agricultural capital is operated on transactions for purchasing tools, agricultural machinery, agricultural production facilities and livestock production facilities.
This agricultural capital financing has a fairly high financing risk because seasonal harvests can allow for the risk of crop failure and a decrease in selling prices in the market which will ultimately affect the return of business capital, so that it can lead to inability to pay in installments which causes the risk of financing problems.

Research Methodology
The research used by the author was field research. Field research was carried out in certain fields in order to obtain various data and obtain the necessary information. 5 To obtain data relating to the title of the study, the data collection techniques used were Interviews (Interviews) and Documentation. In this study, interview questions were addressed to the Account Officer, Head of the written data such as organizational structure, management structure, vision and mission, and the history of the institution's establishment.The data analysis technique that the author uses is narrative analysis, which analyzes and presents facts systematically so that it can be easier to understand and conclude.

Overview of Agricultural Business Financing
According to Law number 10 of 1998 Article 1 paragraph 12 "financing is the provision of money or an equivalent claim, based on an agreement or financing is an activity of providing funds for investment or capital cooperation between cooperatives and members, prospective members, other cooperatives and or their members, which requires the recipient of the financing to pay off the principal received to the cooperative. in accordance with the contract accompanied by financing a number of profit sharing from income or profits from the activities financed or the use of these financing funds. 7 From some of the definitions above, it can be concluded that financing is an activity of providing funds by an institution or an individual to finance the needs of the recipient of financing so that it requires the recipient to return it within a certain period of time plus a number of rewards or profit sharing.
Financing with the sale and purchase principle is applied in the murabahah (deferred payment sale) scheme, namely the purchase of goods by banks for customers in order to meet production (investory) needs with deferred payments for under one year (short run financing). 8 The agricultural sector is a very strategic sector, and there are at least five reasons that make the agricultural sector strategic. First, agriculture is a sector that provides food for the community. Second, suppliers of raw materials for the industrial sector (agricultural industry). Third, contribute to the country's foreign exchange through export commodities. Fourth, provide job opportunities for rural workers. Fifth, the balance of the ecosystem (environment) needs to be maintained. 9 Dalam rangka meningkatkan daya saing produk pertanian, perlu dirumuskan strategi investasi yang menarik di sektor ini agar badan usaha dan 6

Implementation of Agricultural Capital Financing with Murabahah Contract at KSPPS BMT BUS Tuban
One type of financing that is in great demand by members of the BMT BUS KPU Tuban Branch is financing in the agricultural sector. This financing uses a murabahah contract to provide short-term financing to customers for the purchase of goods even though the customer may not have the money to pay directly.
Murabahah comes from the word ribhun (profit), which is a type of transaction where the bank refers to the amount of profit. The bank acts as the seller, while the customer acts as the buyer. Islamic banks in Murabaha contracts use it to provide short-term financing for customers to purchase goods, even though the customer does not have the money to pay. 10 In the murabahah (deferred payment sale) scheme, financing is adopted based on the principle of buying and selling, namely goods or commodities purchased by banks to meet the production needs (investory) of customers and used to pay deferred payments for under one year (short run financing) (Dahlan , 2012).
While the agricultural capital financing applied by BMT BUS KPU Tuban Branch is used to provide business capital loans to BMT members to buy agricultural needs such as seeds, fertilizers and others where members are given the power to meet their needs, with a period of time that is adjusted to each harvest period.each commodity. This is done to help members of agricultural capital financing so as not to experience difficulties in the process of returning the financing.

BUS Tuban
The problematic financing of agricultural capital is caused by 20% of officers' non-compliance with financing procedures; 50% crop failure.

KSPPS BMT BUS Tuban
Non-performing financing is financing which describes a situation where there will be a risk of failure to repay obligations, even showing symptoms of a failure. (Aziz, et al., 2008). This problematic financing is no longer a new thing in the banking world, both sharia and non-Islamic, both bank and non-bank. 3. Elimination of financing is given to members who are unable to pay and experience crop failure for two consecutive periods, the value of the financing is not more than Rp. 5,000,000.00. The cost of removing financing from the reserve fund.

Conclusion
The practice of financing agricultural capital with murabahah contracts at BMT BUS Tuban has a high risk. As much as 80% of non-performing financing is in this sector. Enforcement of employee compliance with Financing SOPs must be carried out firmly, with zero tolerance for mandatory requirements, such as