{
    "success": true,
    "data": {
        "id": 1821772,
        "msgid": "ijarah-contract-a-relevant-financing-and-leasing-solution-for-today-1782305553",
        "date": "2026-06-24 19:06:42",
        "title": "Ijarah Contract: A Relevant Financing and Leasing Solution for Today",
        "author": "Retizen",
        "source": "REPUBLIKA",
        "tags": "",
        "topic": "Finance",
        "summary": "The Islamic financing contract known as ijarah, which governs leasing and wage-based transactions, is increasingly applied in modern sectors such as banking, education, and healthcare. It offers a Sharia-compliant alternative by allowing the use of assets without outright ownership, ensuring cost transparency and avoiding interest. Despite its benefits, the growth of digitalisation and public awareness remain key challenges for its future development.",
        "content": "<p>Ijarah is a form of transaction in Islam related to the utilisation\nof goods or services for a specified compensation. In Arabic, the term\nijarah originates from the word \u0623\u064e\u062c\u064e\u0631\u064e, meaning \u2018to rent\u2019 or \u2018to give\nwages\u2019. A synonym is \u0623\u064e\u0643\u0652\u0631\u064e\u064a, as found in the phrase \u0623\u064e\u062c\u0652\u0631\u064e \u0627\u0644\u0634\u064e\u0651\u0649\u0621, meaning to\nrent something. This term reflects a legal relationship between two\nparties, the provider of benefit and the recipient, governed by Sharia\nprinciples.<\/p>\n<p>Currently, the ijarah contract is widely applied across various\nsectors of life. In Islamic banking, it is used for financing vehicles,\nhouses, heavy equipment, and various business needs. Additionally,\nijarah is utilised in the education and healthcare sectors, as well as\nfor leasing buildings and work equipment that support economic\nactivities.<\/p>\n<p>The ijarah contract offers numerous benefits to both the public and\nbusiness operators. The public can utilise an asset without having to\npurchase it outright, while business operators can obtain necessary\nfacilities without disrupting their cash flow. This system also provides\ncost certainty, as the rental value is agreed upon from the outset.<\/p>\n<p>One of the key advantages of the ijarah contract from a Sharia\nperspective is its compliance with Islamic principles. The contract\navoids riba (usury), gharar (uncertainty), and maysir (speculation). All\nprovisions regarding the leased object, the rental period, and the cost\nmust be transparently stated, creating a fair and mutually beneficial\ntransaction.<\/p>\n<p>Despite its many strengths, the implementation of the ijarah contract\nfaces challenges. Technological advancements and the increasingly\ndiverse needs of society require Islamic financial institutions to\ncontinuously innovate. The digitalisation of services and improving\npublic understanding of Sharia-compliant products are crucial factors\nfor the future development of the ijarah contract.<\/p>\n<p>In conclusion, the ijarah contract is a relevant financing and\nleasing solution for the present day. By providing easy access to goods\nand services without the need for direct asset ownership, this contract\nmeets the needs of modern society while upholding Sharia principles.\nTherefore, ijarah plays an important role in supporting the sustainable\ndevelopment of the Islamic economy.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/ijarah-contract-a-relevant-financing-and-leasing-solution-for-today-1782305553",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}