IMPLEMENTASI AKAD IJARAH MUNTAHIYA BITTAMLIK DI PERBANKAN SYARIAH

Abstract

Islamic banks were born with the concept and philosophy of interest free, which prohibits the application of interest in all banking transactions because it is included in the usury category. In banking institutions both conventional and Islamic banking in their operations include 3 main aspects, namely the collection of funds (funding), financing (financing) and services (service). One of the contracts for financing in Islamic banks is ijarah (Lease). Ijarah is a contract to transfer the use rights (benefits) of an item or service within a certain time through the payment of rent / wages, without being followed by the transfer of the contract itself. there is a modification to this contract, the change of the form of this lease agreement is the ijarah muntahiya bittamlik (IMBT) contract. Ijarah Muntahiya Bittamlik (IMBT) is basically a combination of ijarah and buying and selling. The clearer and stronger the commitment to buy goods at the beginning of the contract, the nature of IMBT is basically more nuanced buying and selling. However, if the commitment to buy goods at the beginning of the contract is not so strong and clear (although the buying options remain open), then the nature of the IMBT will be more nuanced in Ijarah. In terms of ijarah, the difference in IMBT lies in the option to purchase the goods at the end of the period. The mechanism for financing Ijarah Muntahiya Bittamlik is first, Musta'jir submits an application for leasing goods to the muajjir; then Muajjir provides the goods that musta’jir wants to rent; then the leasing agreement is held, then Musta'jir pays regularly the rental fee according to the agreement signed to the muajjir; and if the contract period has ended, you must have the option to purchase goods from the muejir.