Ijarah Collaborative Service Model in Sharia Banking

  • Chaidir Iswanaji Universitas Tidar, Magelang, Indonesia
  • Aziz Muslim Universitas Islam Negeri Sunan Kalijaga, Yogyakarta, Indonesia
  • M. Zidny Nafi' Hasbi Universitas Alma Ata, Yogyakarta, Indonesia
Keywords: Ijarah, Sharia Banking, Collaborative Service

Abstract

Ijarah is a contract for the transfer of usufructuary rights over goods or services, through payment of rental wages, without being followed by a transfer of ownership of the goods themselves. The context of ijarah in Islamic banking is a lease contract in which a bank or financial institution leases equipment to one of its customers based on a definite predetermined cost. The research method is qualitative with a comparative study approach. Data collection techniques include observation, documentation, and deep interviews. The object of this research was carried out in the Yogyakarta area. The findings of the ijarah case presented in this study indicate that the services created jointly by customers, service organizations (Islamic banks), and assisting parties divide their roles into sub-roles assigned to individuals. This research provides a basic understanding of the development of a sharia service model, which can complement the current IFM to holistically capture both economic transactions and service elements, which are currently prevailing in the Islamic banking market.

Downloads

Download data is not yet available.

References

Maknuun, L., & Annisa, M. (2021). The Effect of Good Corporate Governance, Third Party Funds, and Asset Growth through Profitability on Bankruptcy Risk of Sharia Commercial Banks Listed on the Indonesia Stock Exchange. Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE), 4(1), 287-299. https://doi.org/10.31538/iijse.v4i1.1517

Amlıbel, DA. (2014). What are the determinants of economic growth in Muslim countries? International Journal of Human Sciences / Uluslarası nsan Bilimleri Dergisi, 11(1), 403–426. https://doi.org/10.14687/ijhs.v11i1.2775

Ahmed, H. (2011). Product Development In Islamic Banks. Edinburgh: Edinburgh University Press. https://doi.org/10.1515/9780748644889

Ayub, M. (2008). Understanding Islamic Finance. City Center: John Wiley.

MUI National Sharia Council. (2014). Islamic Finance Fatwa Association. Jakarta: Erlangga.

El-Gamal, M. (2008). Incoherence Of Contract-Based Islamic Financial Jurisprudence In The Age Of Financial Engineering. Wisconsin International Law Journal, 25(4), 606-623. https://doi.org/10.24252/jiap.v6i2.19938

Ibrahim, Zaini. 2013. Introduction to Macroeconomics, Banten: Institute for Research and Community Service (LP2M) IAIN Sultan Maulana Hasanuddin. https://dx.doi.org/10.31149/ijefsd.v4i1.2608

Irham Fahmi, 2015. Conventional and Sharia Banking Management, Jakarta: Mitra Wacana Media, 2015.

Maisarah Leli, 2018. Prohibition of Two Contracts in One Transaction, Yaptip Pasaman Barat Islamic College, pp. 13-14. https://doi.org/10.1002/tie.20147

Moch Nurul Alim. 2017. Analysis of Agricultural Financing Implementation Based on Ijarah and Murabahah Agreements in the Perspective of Muamalat and DSN-Mui Fiqh (Study at UJKS KAN Jabung BMT Al-Hijrah). Thesis. Maulana Malik Ibrahim State Islamic University Malang. https://doi.org/10.1108/IMEFM-01-2015-0001

M. Zidny Nafi' Hasbi. (2019). The Impact of the Global Financial Crisis on Banking in Indonesia. LISA AL-HAL: Journal of the Development of Thought and Culture, 13(2), 385–400. https://doi.org/10.35316/lisanalhal.v13i2.602

Rahmat Hidayat, 2014. Sharia Banking Efficiency, Bekasi: Gramata Publishing.

Sampson, SE 2012. Visualizing Service Operations. Journal of Service Research, 15(2), 182-198. https://doi.org/10.1177%2F1094670511435541

Sangiorgi, D. 2009. Building Up A Framework For Service Design Research. 8th European Academy of Design Conference, (pp. 1-3). Aberdeen.

M. Zidny Nafi' Hasbi. (2021). Fiscal Policy in the Maqashid As-Kitab Al-Muwafaqat Spectrum. 1, 1–13. https://prosiding.iainponorogo.ac.id/index.php/ficosis/article/view/26

Sugiono. 2012. Educational Research Methods Approach Quantitative, Qualitative, and R & D. Bandung: Alfabeta.

Ullah, K. 2014. Adaptable Service-System Design: An Analysis Of Shariah Finance In Pakistan. Doctoral Dissertation, London: Brunel University.

Ullah, K., and Al-Karaghouli, W. 2017. Understanding Islamic financial services: Theory and practice. London: Kogan Page Publishers.

Umi Khusnul Khotimah, 2017. Analysis of Islamic Law on the Implementation of Ijarah Contracts in Multiservice Financing at PT. BPRS PNM Binama Semarang, Semarang: Walisongo State Islamic University, p.4. https://dx.doi.org/10.2991/amca-18.2018.71

Bachri, BS (2010). Ensuring Data Validity Through Triangulation In Qualitative Research. Educational Technology, 10, 46–62.

Bawono, A. (2013). Empirical Study on Absolute Income Hypothesis and Permanent Income Hypothesis in Islamic Perspective. Inference, 7(1), 51. https://doi.org/10.18326/infsl3.v7i1.51-74

Chaidir Iswanaji, Siti Afidatul Khotijah, MZNH (2021). Sharia Financial Institutions (Sharia Concentration Textbook). In Adab Publisher. https://doi.org/10.30587/jre.v4i2.2544

Chapra, MU (1992). Islam and the international debt problem. Journal of Islamic Studies, 3(2), 214–232. https://doi.org/10.1093/jis/3.2.214

Imam Nawawi1, MZNH (2021). Problems with the Implementation of the Bai` bitsaman jail Agreement from an Islamic Law Perspective (Case Study of BMT Sidogiri, Situbondo Branch). 7(03), 1338–1346. https://doi.org/10.25299/jtb.2021.vol4(2).7420

Iswanaji, C., Nafi' Hasbi, MZ, Salekhah, F., & Amin, M. (2021). Implementation of the Analytical Networking Process (Anp) Distribution of Zakat on Sustainable Community Economic Development (Case Study of the Baznas Institution, Jember Regency, East Java). Journal of Tabarru': Islamic Banking and Finance, 4(1), 195–208. https://doi.org/10.25299/jtb.2021.vol4(1).6681

Muhammad Salman Al Farisi, MZN, Hasbi, Cahyani, YT, & Kusbiantoro, S. (2021). Business Marketing Strategy Pp. Riyadlul Jannah Pacet Mojokerto Islamic Economics Perspective. Journal of Entrepreneurship Research, 4(2), 19. https://doi.org/10.30587/jre.v4i2.2544

Nur Rofiq. (2021). Implementation of the Bai` Bitsaman Ajil Agreement at Bmt Ugh (Sidogiri Integrated Joint Venture Branch Asembagus Situbondo) Islamic Law Perspective. Legal Literacy, 5(2), 81–87. https://doi.org/10.54408/jabter.v1i2.18

Published
2022-07-31
How to Cite
Iswanaji, C., Muslim, A., & Hasbi, M. Z. (2022). Ijarah Collaborative Service Model in Sharia Banking. Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE), 5(2), 701-718. https://doi.org/10.31538/iijse.v5i2.1778