Innovating Murabahah through Hybrid Contracts: A Normative Juridical Analysis of Sharia-Compliant Financial Practices and Governance in Islamic Banking

Abstrak

This article discusses the concept of hybrid contracts in murabahah financing. A hybrid contract is a combination of two or more contracts in one transaction, such as buying and selling, gifts, agency, lending, etc. Hybrid contracts have been applied to various sharia banking products. However, the practice of hybrid contracts has strict limitations in Islamic law, such as the prohibition of two sales in one sale, two contracts in one contract, and the prohibition of combining sales and debts. The implementation of the hybrid contract in the al-murabahah wa ar-rahn contract has been carried out by Sharia Bank. A study of hybrid contracts in Islamic economic law has been carried out to analyze the suitability of hybrid contracts with Islamic law.