Implementation of multi-contract iB Hijrah Rencana savings product at Bank Muamalat

Triyatno, Ghazy, Novianti, Irohdathul, Munir, Misbahul ORCID: https://orcid.org/0000-0003-3344-6845 and Khasanah, Umrotul ORCID: https://orcid.org/0000-0001-5412-5800 (2024) Implementation of multi-contract iB Hijrah Rencana savings product at Bank Muamalat. Muslim Heritage, 9 (2). pp. 301-315. ISSN 2502-5341

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Abstract

This study explains the contract process applied to the iB Hijrah Rencana Savings product offered by Bank Muamalat. This product adheres to Islamic economic principles, is free from riba, and aims to help customers plan their finances according to Sharia law. The objective of this research is to examine how the multi-contract system is implemented in the iB Hijrah Rencana Savings product at Bank Muamalat and to analyze the application of profit-sharing ratios in the product from an Islamic economic perspective. The methodology used in this study is descriptive qualitative, which systematically describes the research subject about the core issues. The study shows that two contracts are applied to the iB Hijrah Rencana Savings product: Mudharabah Muthlaqoh (investment contract) and Tabarru’ (Islamic insurance). The implementation of the profit-sharing ratio is based on a system that refers to the net result of fund management, by Islamic economic principles. This is based on the DSN-MUI Fatwa No. 02/DSN-MUI/IV/2000, ensuring that this product helps society achieve its plans without the concern of funds being mixed with riba.

Item Type:	Journal Article
Keywords:	Profit-sharing; Mudharabah Muthlaqah; Islamic Banking
Subjects:	15 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 1502 Banking, Finance and Investment > 150203 Financial Institutions (incl. Banking)
Divisions:	Graduate Schools > Magister Programme > Graduate School of Islamic Economics
Depositing User:	Umrotul Khasanah
Date Deposited:	17 Mar 2025 09:20

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