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

Darti Busni (), Doli Witro, Raid Alghani, Iwan Setiawan and Nana Herdiana Abdurrahman
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Darti Busni: Institut Agama Islam Negeri Kerinci
Doli Witro: UIN Sunan Gunung Djati Bandung
Raid Alghani: Al Azhar University
Iwan Setiawan: UIN Sunan Gunung Djati Bandung
Nana Herdiana Abdurrahman: UIN Sunan Gunung Djati Bandung

EkBis: Jurnal Ekonomi dan Bisnis, 2022, vol. 6, issue 1, 59-73

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.

Keywords: Hybrid Contracts; Leasing; Ijarah Al Muntahiya Bit Tamlik (IMBT); Indonesia Islamic Financial Institution (search for similar items in EconPapers)
JEL-codes: A12 K00 Y80 (search for similar items in EconPapers)
Date: 2022
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