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Hybrid Contracts in Leasing and Ijarah Muntahiya Bit Tamlik in Indonesia Sharia Financial Institutions

Author

Listed:
  • Busni, Darti

    (Institut Agama Islam Negeri Kerinci)

  • Witro, Doli

    (UIN Sunan Gunung Djati Bandung)

  • Alghani, Raid

    (Al Azhar University)

  • Setiawan, Iwan

    (UIN Sunan Gunung Djati Bandung)

  • Abdurrahman, Nana Herdiana

    (UIN Sunan Gunung Djati Bandung)

Abstract

This article discusses the implementation of the concept of hybrid contracts in the product of ijarahal muntahiya bit tamlik(IMBT) and leasing at Indonesia Islamic Financial Institutions. This article aimed to find out the implementation of hybrid contractconceptin IMBT and leasing products at Indonesia Islamic Financial Institutions. This article wasconducted usingqualitative researchmethod. The data in this study were obtained from library materials such as books, journals, articles, etc. Data analysis techniques used were data condensation, data presentation, and drawing conclusions.Theanalysisresultsshowed that the development of contracts in Islamic financial institutions wasinevitable due to the implementation of multi-contracts. The merging of two contracts is also known as (hybrid contract or al-'uqudal-murakkabah) such as ijarahal mutahiyabit tamlik(IMBT). IMBT is a combination of two inter-ijarahcontracts (lease) and the sale and purchase or grant is made at the end of the lease term. The implementation and merging of two contracts (hybrid contracts) in IMBT mayuse several contracts, includingijarahcontract, ba'icontract, wakalahcontract, and hibah contract.

Suggested Citation

  • Busni, Darti & Witro, Doli & Alghani, Raid & Setiawan, Iwan & Abdurrahman, Nana Herdiana, 2022. "Hybrid Contracts in Leasing and Ijarah Muntahiya Bit Tamlik in Indonesia Sharia Financial Institutions," EkBis: Jurnal Ekonomi dan Bisnis, UIN Sunan Kalijaga Yogyakarta, vol. 6(1), pages 59-73, July.
    • Handle: RePEc:ris:ekbisj:1505
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    More about this item

    Keywords

    Hybrid Contracts; Leasing; Ijarah Al Muntahiya Bit Tamlik (IMBT); Indonesia Islamic Financial Institution;
    All these keywords.

    JEL classification:

    • A12 - General Economics and Teaching - - General Economics - - - Relation of Economics to Other Disciplines
    • K00 - Law and Economics - - General - - - General (including Data Sources and Description)
    • Y80 - Miscellaneous Categories - - Related Disciplines - - - Related Disciplines

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