<![CDATA[This study examines the formulation and application of hybrid contracts in Islamic financial institutions in Gorontalo, with a focus on Bank Syariah Indonesia (BSI) and Bank Muamalat Gorontalo Branch. The primary objective of this research is to identify and analyze the types of hybrid contracts applied in Islamic banking products, and to examine how their implementation contributes to the development and innovation of financial products that align with Islamic principles. This research uses a descriptive qualitative approach with data collection methods through in-depth interviews and literature review. The approach includes both fiqh and economic analysis to understand the legal foundations and economic impacts of implementing hybrid contracts in the operations of Islamic banking. The findings show that both Islamic banks apply hybrid contracts in three main forms: Murābaḥah (Bay’ bi Thaman ‘Ājil), Ijārah Muntahiyah bi al-Tamlīk (IMBT), and Musyārakah Mutanāqiṣah. These forms are used in various banking products, such as home ownership financing, vehicle financing, and bank guarantees. The study also reveals that the implementation of hybrid contracts helps Islamic financial institutions meet the growing demand for products that comply with sharia principles, especially amid the economic pressures caused by the Covid-19 pandemic. The application of hybrid contracts not only provides flexibility in financing products but also supports the long-term goals of Islamic financial institutions to enhance financial inclusion and strengthen local economic stability. This research contributes to the development of both theoretical and practical aspects of Islamic banking, particularly related to the use of hybrid contracts as an innovative solution to address contemporary economic challenges.]]>
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