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All Journal Al-Iqtishad : Jurnal Ilmu Ekonomi Syariah (Journal of Islamic Economics)
Ainul Yaqin
Faculty of Sharia UIN Saizu Purwokerto
Religion Economics, Econometrics & Finance Social Sciences

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Challenging the Practice of Hilah in Contract Engineering in Islamic Financial Institutions from the Perspective of Islamic Business Ethics Ainul Yaqin
Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah Vol 16, No 1 (2024)
Publisher : Faculty of Shariah and Law, UIN Syarif Hidayatullah Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/aiq.v16i1.35459

Abstract

This paper aims to criticize the practice of contract engineering with the hilah formula from the perspective of Islamic business ethics. Several fatwas from DSN MUI related to the contracts in Islamic financial institutions are analyzed with the principles of Islamic business ethics. From the results of the analysis, it was concluded that the practice of engineering contracts using hilah had been carried out excessively and was not in line with the principles of Islamic business ethics. Islamic business ethics should be the main parameter in business practices in Sharia financial institutions so that the goals of the Islamic economic system can be realized and can be felt by the wider community.
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