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Sharia Hybrid Contract Compliance of Islamic Microfinance Institutions in Jepara Regency

Author

Listed:
  • Sa’diyah, Mahmudatus

    (Universitas Islam Nahdlatul Ulama Jepara)

  • Gumilar, Asep Gugun

    (Universitas Islam Nahdlatul Ulama Jepara)

  • Susilo, Edi

    (Universitas Islam Nahdlatul Ulama Jepara)

Abstract

The purpose of this study was to examine the sharia compliance of the Hybrid Contract of the Syriah Microfinance Institution (LKMS) in Jepara Regency. This type of research is a Field Research, using acontent analysis approach; to interpret data not as a series of physical events, but as symbolic symptoms to reveal the meaning contained in a text, and the understanding of the message presented. The research object selected was BMT in Jepara Regency which applies contract and unique hybrid products, namely BMT Mitra Muamalah (Mitramu) which has the product "Gold Pawn" and BMT Harapan Bersama (HARBER) which has a Musyarakah Mutanaqishah (MMq) product. The results showed that the Musyarakah Mutanaqishah (MMq) financing agreement at BMT Harapan Bersama (HARBER) Jepara was in accordance with the DSN-MUI fatwa NO: 73 / DSN-MUI / XI / 2008. Rahn's contract which is run by BMT Mitra Muamalah Jepara is in accordance with the DSN-MUI Fatwa Number: 25 / DSN-MUI / III / 2002, and Fatwa DSN-MUI Number: 26 / DSN-MUI / III / 2002.. Weak internal and external supervision at Cooperative entities, the implementation of hybrid contracts in the field is prone to deviations and falling to "Riba".

Suggested Citation

  • Sa’diyah, Mahmudatus & Gumilar, Asep Gugun & Susilo, Edi, 2020. "Sharia Hybrid Contract Compliance of Islamic Microfinance Institutions in Jepara Regency," EkBis: Jurnal Ekonomi dan Bisnis, UIN Sunan Kalijaga Yogyakarta, vol. 4(2), pages 441-455, December.
    • Handle: RePEc:ris:ekbisj:1272
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    More about this item

    Keywords

    Sharia Complience; Hybrid Contract; Islamic Microfinance;
    All these keywords.

    JEL classification:

    • B27 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - International Trade and Finance
    • D01 - Microeconomics - - General - - - Microeconomic Behavior: Underlying Principles
    • F65 - International Economics - - Economic Impacts of Globalization - - - Finance

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