Challenging the Practice of Hilah in Contract Engineering in Islamic Financial Institutions from the Perspective of Islamic Business Ethics

Ainul Yaqin

Challenging the Practice of Hilah in Contract Engineering in Islamic Financial Institutions from the Perspective of Islamic Business Ethics

Ainul Yaqin

Abstract

This paper aims to criticize the practice of contract engineering with the hilah formula from the perspective of Islamic business ethics. Several fatwas from DSN MUI related to the contracts in Islamic financial institutions are analyzed with the principles of Islamic business ethics. From the results of the analysis, it was concluded that the practice of engineering contracts using hilah had been carried out excessively and was not in line with the principles of Islamic business ethics. Islamic business ethics should be the main parameter in business practices in Sharia financial institutions so that the goals of the Islamic economic system can be realized and can be felt by the wider community.

Keywords

Hilah; contract engineering; sharia financial institutions; Islamic business ethic; Islamic economics

References

Adebayo, R. I., & Hassan, M. K. (2013). Ethical Principles of Islamic Financial Institutions (SSRN Scholarly Paper 3263118). https://papers.ssrn.com/abstract=3263118

Agustiar, M. (2021). Perkembangan Kritik Terhadap Bank Islam: Tema, Substansi dan Respon. JURNAL MUAMALAT INDONESIA - JMI, 1(1). https://doi.org/10.26418/jmi.v1i1.46289

Ali Basah, M. Y., Basah, M. Y. A., & Yusuf, M. M. (2013). Islamic Bank and Corporate Social Responsibility (CSR). European Journal of Business and Management, 5(11), 194–209.

Elimartati. (2017). Analisis Metode Hilah dalam Proses Fatwa DSN-MUI. JURIS (Jurnal Ilmiah Syariah), 15(1), 75. https://doi.org/10.31958/juris.v15i1.490

Fuqohak, M. A. Z., & Amiruddin, M. (2021). Socio-Genetic Motives of MUI’S Fatwa Regarding Covid-19 based on Quran-Hadith. Jurnal Studi Ilmu-Ilmu Al-Qur’an Dan Hadis, 22(1), 19. https://doi.org/10.14421/qh.2021.2201-02

Furqani, H., Laldin, M., & Mulyany, R. (2016). Good Finance: Integration of Ethics and Syariah in Islamic Finance. International Journal of Islamic Business Ethics, 1(2), 121. https://doi.org/10.30659/ijibe.1.2.121-130

Hakim, B. R., & Mubarak, Z. (2014). Hilah dalam Tinjauan Hukum Islam (Telaah Pandangan Fiqh Empat Mazhab). Jurnal Ilmu Kependidikan Dan Kedakwahan, 6(1), Article 1.

Hardi, E. A. (2019). Fatwa DSN MUI dan Perkembangan Produk Perbankan Syariah di Indonesia. An-Nisbah: Jurnal Ekonomi Syariah, 6(1), 82–105. https://doi.org/10.21274/an.2019.6.1.82-105

Hasan, N. F. (2017). Hybrid Contract: "Rekayasa Akad dalam Produk Perbankan Syariah. Istithmar, 1(2).

Hasanudin, H., Dewi, N. M., Pertiwi, G. P., & Wijayanti, F. (2022). Hybrid Contract in Islamic Financial Services. Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah, 14(1). https://doi.org/10.15408/aiq.v14i1.25692

Hasyim, M. (1991). Hilah Dalam Perspektif Sejarah Sosial Hukum Islam. Pesantren, 2(8), 64–66.

Imamia, T. L., Noor, I., & Manzilati, A. (2019). The Disclosure of Islamic Ethics in Islamic Banks. 22(1), 42–46.

Mansoori, M. T. (2011). Is “Islamic Banking” Islamic? Analysis of Current Debate on Sharī’ah Legitimacy of Islamic Banking and Finance. Islamic Studies, 50(3/4), 383–411.

Mardhiah, I. (2017). Hilah‎‎ dalam Produk Pembiayaan Syariah ‎(Evaluasi Skema Akad KPR Murabahah dan Gadai Syariah)‎. Hayula: Indonesian Journal of Multidisciplinary Islamic Studies, 1(1), 19–46. https://doi.org/10.21009/hayula.001.1.02

Mathkur, N. M. M. (2019). Business Ethics in Islamic Finance. Archives of Business Research, 7(2). https://doi.org/10.14738/abr.72.6179

Maulana, D. F., & Rozak, A. (2021). Ketetapan Hukum dan Rekonstruksi parameter Hilah pada Praktik Perbankan Syariah. Bilancia: Jurnal Studi Ilmu Syariah dan Hukum, 15(1), 27–50. https://doi.org/10.24239/blc.v15i1.670

Muklisin, M., & Khoiri, K. (2020). Bai’ al Wafa dalam Tinjauan Hukum Islam. ISTIKHLAF: Jurnal Ekonomi, Perbankan dan Manajemen Syariah, 1(2), 1–11. https://doi.org/10.51311/istikhlaf.v1i2.222

Muslimin, M. I. (2022). Studi Komparasi Pemikiran Ekonom Islam Syed Nawab Haider Naqvi dengan Yusuf Al-Qardhawi: Pandangan Dasar, Etika Ekonomi dan Peran Pemerintah. 4(1).

Nurhadi, N. (2018). Hilah Syariah Kredit Bank Konvensional (Maqashid Jual Beli Kredit (Lain Kontrak Lain Akad)). Hukum Islam, 17(2), Article 2. https://doi.org/10.24014/hi.v17i2.4983

Putritama, A. (2018). Penerapan Etika Bisnis Islam dalam Industri Perbankan Syariah. Nominal, Barometer Riset Akuntansi dan Manajemen, 7(1). https://doi.org/10.21831/nominal.v7i1.19356

Retnowati, M. S., Faruqi, M. A., & Ihsan, S. (2023). The Sources of Islamic Law on the Muamalah Concept About Contract Viewed on Philosophical Studies. Al-Iktisab: Journal of Islamic Economic Law, 7(1), 75–94. https://doi.org/10.21111/aliktisab.v7i1.9961

Rosyadi, I. (2018). Penggunaan Kaidah Fikih Dalam Fatwa Majelis Ulama Indonesia Tentang Keuangan Syariah. Al-Daulah: Jurnal Hukum dan Perundangan Islam, 8(2), 425–453. https://doi.org/10.15642/ad.2018.8.2.425-453

Rosyadi, M. I. (2016). Hilah Hukmi: Studi Perkembangan Teori Hukum Islam. Al-Maslahah : Jurnal Ilmu Syariah, 12(1), Article 1. https://doi.org/10.24260/almaslahah.v12i1.335

Sampurno, W. M. (2016). Implementation of Islamic business ethics and its impacts on family business. Journal of Islamic Economics Lariba, 2(1).

Samsudin, A. R. (2016). Product Innovation of Islamic Financial Institutions. International Journal of Nusantara Islam, 4(1), 29–40. https://doi.org/10.15575/ijni.v4i1.1186

Smolo, E., & Musa, A. M. (2020). The (mis)use of al-Hilah (legal trick) and al-Makhraj (legal exit) in Islamic finance. Journal of Islamic Accounting and Business Research, 11(9), 2169–2182. https://doi.org/10.1108/JIABR-01-2020-0009

Suretno, S., & Yusuf, R. (2021). Mahalnya Pembiayaan di Bank Syariah. Ad-Deenar: Jurnal Ekonomi dan Bisnis Islam, 5(02), 179. https://doi.org/10.30868/ad.v5i02.1679

Takhim, M. (2019). Metode Hilah (Dalih Hukum) Dalam Fikih Muamalah Kontemporer. SOSIO DIALEKTIKA, 4(2), Article 2. https://doi.org/10.31942/sd.v4i2.3128

Taufiki, H. M. (2009). Aplikasi Konsep Hilah dalam Pengembangan produk Perbankan Syariah: (Analisa terhadap Fatwa tentang Syariah Charge Card). Dialog, 32(1), Article 1. https://doi.org/10.47655/dialog.v32i1.123

Yulianti, R. T. (2007). Pola Ijtihad Fatwa Dewan Syari’ah Nasional MUI tentang Produk Perbankan Syari’ah. La_Riba, 1(1), 57–75. https://doi.org/10.20885/lariba.vol1.iss1.art5

DOI: 10.15408/aiq.v16i1.35459