ASAS : Jurnal Hukum Ekonomi Syariah
Vol. 18 No. 01 (2026): Asas, Vol. 18, No. 01 Juni 2026

The Application of Various Types of Sharia Contracts in Cross-Border Transactions: A Sharia Economic Law Perspective

Khoiriyah, Nadzirotul Fuadatil (Unknown)
Asiyah, Binti Nur (Unknown)
Nasution, Addriana Della (Unknown)
Munna, Nurul Isna Faizatul (Unknown)
Isa, Mohamad Yazid (Unknown)



Article Info

Publish Date
19 Jul 2026

Abstract

Rapid global economic development has increased the intensity of cross-border transactions, which in turn demands an adaptive and comprehensive legal framework, including from the perspective of Sharia Economic Law. This study aims to analyze the application of various types of Sharia contracts in cross-border trade transactions, identify variations of operationally relevant contracts, and unravel the accompanying legal issues and challenges. This study uses a normative legal method (literature study) with a conceptual, legislative, and Sharia compliance approach. Data are sourced from journal literature, fatwas, and international standard regulations (such as AAOIFI and the United Nations Convention on Contracts for the International Sale of Goods/CISG). The results show that Sharia-compliant cross-border transactions are implemented through various instruments such as Sharia Letters of Credit (L/C), trade finance instruments, and the adoption of smart contracts, with the dominant use of Murabahah, Wakalah, Kafalah, and Sharf (foreign exchange) contracts. However, the implementation of these contracts faces crucial issues related to legal harmonization, differences in jurisdictions and legal systems across countries, the enforcement of foreign Sharia arbitration awards, and the challenge of eliminating gharar elements in global trade standards such as Incoterms. It can be concluded that harmonization of international trade instruments with the principles of Islamic jurisprudence (fiqh) is essential to provide legal certainty, protect the parties, and guarantee universal Sharia compliance.

Copyrights © 2026






Journal Info

Abbrev

asas

Publisher

Subject

Religion Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice

Description

Asas (ISSN 1979-1488 E-ISSN:2722-8681) is a biannual journal (June and December), published by Faculty of Sharia, State Islamic University of Raden Intan Lampung, INDONESIA. Asas emphasizes Scientific Journal of Syari’ah Economic Law studies and communicates researches related to Syari’ah ...