THE IMPACT OF MURABAHAH AS A BANKING FINANCE FORMULA ON SMALL AND MEDIUM ENTERPRISES IN IRAQ

Abstract

The subject of this study is the Murabaha formula as a financing formula for Islamic banks in Iraq. The definition of the importance of Islamic banks and their most important transactions were discussed as follows: Murabaha is the most common and applied financing formula in Iraq Then he mentioned selling and the definition and concept of Murabaha. I also studied the procedures of the Murabaha transaction carried out by Islamic banks in Iraq and showed through research and examination the extent to which Islamic banks adhere to Sharia and legal standards along with some problems in practice, this is a matter of research and study. This study and research are based on the discussion of the parties to the transaction, the financing bank as the first party, and the customer as the second party, whose first and primary goal is to ensure the development of the state as a state. The first and second priority of these banks is to achieve profit and growth, and its purpose is the success and growth of the project. I also talked about Islamic projects and banks and their importance in the state and how to finance them. The purpose of the Murabaha culmination of this research. I explained that the problems and negatives they faced in this research, not following the projects seriously, not giving advice to the project owner, and not being able to follow up led to the project. You stumble and lose due to the inexperience and incompetence of the entrepreneur to deal with such projects. Within the scope of the research, in which we recommend adopting modern and studied methods to solve these problems and overcome them with the recommendations contained in the research and proper planning. We also talked about the dimensions of the powers of this monitoring and its effectiveness. through its components. For the owner of the project, we found the authority to observe Sharia and find solutions to it. This work and research appeared to eliminate the problems facing projects financed through Murabaha.