ISLAMIC BENCHMARK IN BANKING PRICING TO OVERCOME BUSINESS CYCLE IN NEW NORMAL
Keywords:pricing; interest rates; the actual trading index; ANP
This study seeks to determine a business pricing returns benchmark for the Islamic financial system. For the purpose of data collection and analysis, the study utilizes an analytic network process (ANP) method Data was collected from the stakeholders and experts in the field, through the in-depth interview and questionnaire. Findings reveal that rate of profit is the most important element as a base pricing and the actual trading index is the benchmark for pricing in Islamic financial system. Researcher recommends that pricing accounting software and big data required for better analysis and that Islamic finances will have their footings in product development by Islamic pricing benchmark Index.