Bai' Al-Wafa And Hybrid Contract In Bmt Sidogiri East Java
Main Article Content
Abstract
Some Islamic financial institutions have implemented bai' al-wafa' although there is no DSN MUI fatwa that regulates directly. This academic debate results in different applications. For a person or group who views it as haram, this contract is not carried out. They prefer pawn. For groups that allow it, they apply the bai' al-wafa contract by referring to the opinions that allow it. The application of bai' al-wafa depends on which reference is used as a basis. The research uses a qualitative approach with an analytical descriptive method based on field studies. The research locus is BMT Sidogiri. Data sources are taken from BMT managers. Data collection is done by interview, observation, and documentation. The data were analyzed in accordance with the characteristics of qualitative research. This research produced several findings. First, the mechanism of bai' al-wafa is in accordance with the opinion of the Hanafi school of thought which views that this contract includes 'urf. Second, in the analysis of muamalah fiqh, the bai' al-wafa contract at BMT Sidogiri is allowed because it contains the requirements of a valid contract and contains a side of benefit. The provisions for the permissibility of bai' al-wafa>' are regulated in the Compilation of Sharia Economic Law articles 112 to 115 Third, to avoid the assumption of ribawi, BMT applies multiple contracts, namely bai al-wafa with ijarah.
Article Details
This work is licensed under a Creative Commons Attribution 4.0 International License.
References
al-Jawziyyah, Ibn al-Qayyim. (1999). I’lām al-Muwaqi’īn‘ an Rab al-‘Ālamīn, Vol. 3. Cairo: Maktabah Ibn Taimiyyah.
al-Mashri, Rafiq Yunus. (2016). Ija>rah al-‘Ain li Man Ba>’aha: Hal Takhtalif ‘an Bai’ al-Wafa>. Mekkah: Jami’ah al-Malik Abd’ al-Aziz
al-Zuhaili, Wahbah. (2006). al-Fiqh al-Islami wa Adillatuhu. Beirut: Dar al-Fikr
Al-Zuhayli, Wahbah. (2006). The Juridical Meaning of Ribā (Translated by Imam Abdul Rahim and Abdulkader Thomas). In “Interest in Islamic Economics, Understanding Ribā”. London and New York: Routledge, Taylor and Francis Group.
Al-Zuhayli, Wahbah. (2009). “Tawarruq, Its Essence And Its Types: Mainstream Tawarruq And Organized Tawarruq”. Paper Presented at Organization Of The Islamic Conference The International Islamic Fiqh Academy In The 19th Session In April 2009 In, Sharjah Emirate, United Arab Emirates. Retrieved September 18, 2022
Arikunto, Suharsimi. (2003). Prosedur Penelitian. Jakarta: Rineka Cipta
Dewi, Nourma. (2017). Regulasi Keberadaan Baitul Maal Wat Tamwil (Bmt) Dalam Sistem Perekonomian Di Indonesia, Jurnal Serambi Hukum Vol. 11 No. 01 Februari - Juli 2017, h. 96
Dewi, Nourma. (2017). Regulasi Keberadaan Baitul Maal Wat Tamwil (Bmt) Dalam Sistem Perekonomian Di Indonesia, Jurnal Serambi Hukum Vol. 11 No. 01 Februari - Juli 2017, h. 96
DSN MUI. (2017). Fatwa Dewan Syariah Nasional-Majelis Ulama Indonesia Nomor 112/DSN-MUI/IX/2017 Tentang Akad Ijarah
Dusuki, A. W. (2007). Commodity Murabahah Programme (CMP): An Innovative Approach to Liquidity Management. Journal of Islamic Economics, Banking and Finance, Volume 3, No. 1.
Dusuki, A. W. (2007). Commodity Murabahah Programme (CMP): An Innovative Approach to Liquidity Management. Journal of Islamic Economics, Banking and Finance, Volume 3, No. 1.
Fauzi, Fahrul. (2023) Dasar Hukum BMT dan Perbedaannya dengan Bank Syariah, dalam https://www.hukumonline.com/klinik/a/dasar-hukum-bmt-dan-perbedaannya-dengan-bank-syariah-lt611a71a91d95f, diakses 15 Mei 2023
Hammad, Nazih.(2005). Al-Uqud Al-Murakkabah fi Al-Fiqh Al-Islami. Damascus: Darul Qalam
Harun, Nasroen. (2016). Fiqih Muamalah. Jakarta: Logos, 2016
Hidayat, Enang. (2019). Bai Al-wafa> Perspektif Majallah Al-Ahkam Al-Adliah Dan Kompilasi Hukum Ekonomi Syariah, Muawadah : Jurnal Hukum Ekonomi Syariah, ISSN 2829-0119, Volume 1 Nomor 2, Oktober 2022, https://www.researchgate.net/publication/
https://bmtugtnusantara.co.id/
Kudus dan Nagfir. (2017). Efektivitas Pembiayaan Bai al-Wafa pada Baitul Maal wa Tamwil, ARENA HUKUM Volume 10, Nomor 1, April 2017, Halaman 1-19, https://arenahukum.ub.ac.id/index.php/arena/article/view/294/251
Maulin, Mery. (2022). Analysis And Implementation Of Multi-Contract Development (Hybrid Contract) As A Solution For Islamic Banking Products, International Journal of Business, Economics and Law, Vol. 21, Issue 2 (April 2022)
Maulin, Mery. (2022). Analysis And Implementation Of Multi-Contract Development (Hybrid Contract) As A Solution For Islamic Banking Products, International Journal of Business, Economics and Law, Vol. 21, Issue 2 (April 2022)
Mihajat,Muhammad Iman Sastra. (2015). Hybrid Contract in Islamic Banking and Finance: A Proposed Shariah Principles and Parameters for Product Development. EJBM-Special Issue :Islamic Management and Business www.iiste.org ISSN 2222-1905 (Paper) ISSN 2222-2839 (Online) Vol 7, No.16 (Special Issue), 2015
Mihajat,Muhammad Iman Sastra. (2015). Hybrid Contract in Islamic Banking and Finance: A Proposed Shariah Principles and Parameters for Product Development. EJBM-Special Issue :Islamic Management and Business www.iiste.org ISSN 2222-1905 (Paper) ISSN 2222-2839 (Online) Vol 7, No.16 (Special Issue), 2015
Rosly, S. A. and Sanusi M. (2001). Some Issues of Bay’ al-‘Inah in Malaysian Islamic Financial Market. Arab Law Quarterly: Kluwer Law International Netherland.
Shoimah, Siti Nur, Susanti, Dyah Ochtorina, Rahmadi Indra Tektona, (20121). The Characteristics Of Murabahah Akad With Ba’i Al-Wafa’ System, International Journal of Creative Research and Studies Vol 5 July 2021
Sugiyono. (2004). Metode Penelitian Pendidikan. Bandung: Alpabeta
Sugiyono. (2008). Memahami Penelitian Kualitatif, Dilengkapi Contoh Proposal dan Laporan Penelitian. Bandung: Alfabeta
Surachmad, Winarno. (1978). Dasar dan Teknik Research: Pengantar Metodologi Ilmiah. Bandung: CV. Tarsito
Syamsiyah, Nur. (2017).Analisis Penerapan Akutansi Ijarah Dalam Pembiayaan Bai‟ Al-wafa> Berdasarkan PSAK 107.Malang: UIN Maulana Malik Ibrahim
Yazid, Azy Athoillah, (2019). Pengaruh Akad Ba’I Al-Wafa pada BMT Al-Yaman Dalam Pengingkatan Perekonomian UMKM di Desa Wringinputih, ECONOMIC:Jurnal Ekonomi dan Hukum Islam Vol. 9 No. 1 (2019): Juni 2019