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Journal : Indonesian Journal of Islamic Economic Law

الإجارة المنتهية بالتمليك وعلاقتها بعقد الهبة في المصارف الإسلامي: دراسة مقارنة : Comparative Study of IMBT and Gift Contract in Islamic Banking Tokan, Abdurrahman; Hidayat, Syamsul; Nirwana, Andri
Indonesian Journal of Islamic Economic Law Vol. 2 No. 2 (2025): Indonesian Journal of Islamic Economic Law
Publisher : Universitas Muhammadiyah Surakarta

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Abstract

Ijarah Muntahiya Bittamlik is a form of Islamic finance combining the contracts of I zev and sale or gift. Under this contract, the tenant (customer) leases the property from the lessor (bank) for a specified period of time with the promise that ownership of the property will be transferred at the end of the I zev period either through sale or gift. This contract is an alternative to traditional loans that rely on usurious interest, making it compliant with Islamic law, which prohibits usury. A key benefit of the Ijarah Muntahiya Bittamlik contract is that it allows the customer to benefit from assets such as movables, cars or real estate without the responsibility of direct ownership and the associated costs such as maintenance of the large property during the lease period, as the ownership of the property remains with the lessor until the end of the lease term. The transfer of ownership of the property occurs at the conclusion of the contract in accordance with the terms of the agreement, which may be facilitated by means of a gift, thereby obviating the need for the purchaser to incur the expense of ownership. Alternatively, the property may be sold at a nominal price. This transfer of ownership is an integral component of the mechanism that underpins the investment objectives of Islamic banks, as it ensures that both parties adhere to Shari'ah regulations and Shari'ah judgements in financial transactions. The hibah contract is a favoured method for transferring ownership in such contracts, as the gift from the bank to the customer is legitimate and available, and does not require any additional consideration at the end of the term. Consequently, the utilisation of hibah as a mode of transferring property ownership is not only accepted but also favoured by customers seeking to circumvent the prohibition of riba. It is evident that the gift contract constitutes a viable solution to the issue of transferring ownership in Ijarah Muntahiya Bittamlik, as it is consistent with the principles of Islamic Sharia. This is achieved by enabling customers to utilise the leased property in the event of non-payment of the full amount, without the necessity of direct borrowing with prohibited Riba interest.
Co-Authors ., Zarkasyi AA Sudharmawan, AA Abd. Wahid Abd. Wahid Abdul Majid Abdullah Akram Abdullah Mahmud Abdullah Mahmud, Abdullah Abdullah Muhammad Yahya Abdurahman M A Tokan Abouzeid, Mohamed Sharei Abror, Muh Fuad Abuzar, Muhammad Afiyah, Ishmah Agusni Yahya Ahmad Akbar Fauzi Ahmad Nurrohim Ainal Fitri Ainun Murziq Ainur Ra’in Ainur Rhain Ainur Rhain Aisyah Nurhayati Akhyar, Sayed Al Milla Hamidah Alfian, Muhammad Yusri Alfiyatul Azizah Amalia Naim Afifah Amini, Soleh Ana, Ayu Sahfitri Anis Kusumawardani Annisa Az Zahra Arfan, Fahmi Ariyanto, M Darojat Aulia Naufal Aulia Nisaa'i Rosyida Ayu Aryani, Sekar Ayuni, Windi Azizah, Alfiyatul Azmil Iman Hartafan B.M.A.S. Anaconda Bangkara Bayu Al Badjie Hasan bin Kirin, Arwansyah Budi Wiranto, Erham Bukhori Abdul Shomad Butlam, Qoree Candra Maulana, Candra Dalmi Iskandar Sultani Damanhuri Daud, Zainora DEWI RAHMAWATI Dini Rona Ayuni Dolles Marshal, Fahmi Eko Sedayu Eky Adhistia Rahmadianty Elbanna, Mariam Elfrida Ratnawati Erlan Dwi Cahyo Erlan Dwi Cahyo Erlan Dwi Cahyo Fadli, Nazar Fahmi Arfan Fahmi Dolles Marshal Faishal Wofiasandy Fiddarain, Zaduna Filmizan Fitri Meliya Sari Fuadi Furqan Furqan Giyoto Haidar Edward Lumbantobing Hamdan Maghribi Hamidah, Anisa Hamzah Rojulul Ghodi Assyarif Sumanto Hanifah, Annisa Nur Hanifatul Sahro Yunitasari Hartafan, Azmil Iman Harun, Makmur Hayati Hayati Hayati Hayati Hikmah, Farisa Aliyatul Husein, Muhammad Zakir Husen Ismail, Faisal Bin Ibnu Mas’ud Ibrahim, Mazlan Ilham Jimly Ash-Shiddiqi Imam Aji Cahyono Imron Rosadi Irwanto Irwanto Ismail, Ari Ismail, Faisal Husen Isman Isman, I Ita Purnama Sari Jamaluddin Jamaluddin Jeffry H. Sinaulan Jessenia Hayfa Anshara Kharis Nugroho Kuswardani Dyah Ayu Kusumaningrum Laili Nabila lathifah, Ummu Lumbantobing, Haidar Edward Luthfi Zainul Muktashi M.Agus Mahmudi, Mahfud Mahmudulhassan Mahmudulhassan, M Mahmudulhassan, Mahmudulhassan Manaf, Abd. Marheni, Cut Linda Marisa, Siti Nurkhafifah Marshal, Fahmi Dolles Maruf, Irma Rachmawati Moh Abdul Kholiq Hasan Mohd Salleh, Norsaleha Muadz Abdus Salam Muchammad Ichsan Muhamad Arifin Muhamad Stiadi Muhammad Agus Muhammad Akmal Jauhar Rifqi Muhammad Amir Salim Muhammad Ardiyanto Maulana Muhammad Azizi Muhammad Faisal Muhammad Fatkhur Rosyid Muhammad Fuadi Muhammad Hanif Alimi Muhammad Ikhsan Muhammad Iqbal Muhammad K. Ridwan Muhammad Parwoko Muhammad Reza Hardiansyah Muhammad Thohir Ihsan Muhammad Zakir Husein Muhtar Arifin Sholeh, Muhammad Muslim Djuned Mustaqimah Mustofa, Dedy Muthoifin Mutohharun Jinan Nadia Alisyia Nuri Nadjibah Yahya Nida Husna Abdul Malik Nisa, Fathimah Khoirun Nughroho, Kharis Nugroho, Kharis Nuha Nunung Suryana Jamin Nur Rizqi Febriandika Nur Rochim, Mohammad Rizal Nurrahim, Ahmad Permatasari, Indah Gilang RAHMADON RAHMADON Rahmadon, Rahmadon Rahmawati, Artifah Tomi Rezaul Islam Rhain, Ainur Rha’in, Ainur Risdayani, R Rozi Irfan Rosyadi Saif Uddin Ahmed Khondoker Saifudin Saifudin Saifudin Sajiwo Tri Prakoso Salsabila, Fahreza Nur Saputro, Yogi Muhammad Sawaluddin Siregar Sayed Akhyar Setiawan, Bahar Agus Setyo Dwi Raharjo Siti Ersa Meylani Sofyanto Raihan Pratama Sondos Jehad Shnewra Sowaidi, Belqes Al Sufian Suri Sufian Suri Suharjianto, Suharjianto Suharjianto, Suharjianto Sulkhan Fajar Affani Sumadi, Eko Sumardianto Susi Fitria Syahda Naurah Syamsul Hidayat SYAMSUL HIDAYAT Syamsul Hidayat Syardan Jalil Tamami, Riza Tiara Destriana Fitri Tifanni Lovely Tiffany Lovely Tipmanee Sriplod Tokan, Abdurrahman Trisno Susilo Ubaidillah Ummu Lathifah Usamah Abdurrahman Vatku Rohman, Mucholit Wahyu Nur Sinta Sari Wakhdah Faaqih Waston Yahya Fathur Rozy Yeti Dahliana Yuli Rohmiyati Zaduna Fiddarain Zahari, Zahari Zaky Maulana Subhi