ijarah
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IJARAH
NURULHUDA BINTI ISMAIL
NORASMANIZA BINTI SAMAT
NURHIDAYU BINTI ABDUL RAHIM
NURAFIYA BINTI ABDULLA
NURUL ATIKA BINTI MOHD ANUAR
Content Definition Basic principles
Pillars & condition Rules in hiring Law of Ijarah Payment of wages & rents Responsibility salary & wages Goods renting a rental Termination of Ijarah Ijarah return
Syari’ah rules Illustration Party involve Key issues
Rental payment based on interest Penalty interest default Insurance and maintenance issue Shari’a board issue Registration of ownership Master agreement
Definition Istilah- بيع المنفعة it means 'to give something on rent'. the term 'Ijarah' is used for two different
situationsI. relates to the usufructs of assets and
propertiesII. Services of human beings
Ulama Hanafiyah : ‘aqdun ‘alal manaafi’i bi ‘audhin,”
Ulama Syafi’iyah : “Akad of the benefit that contain a
particular purpose and able to receive a replacement or certain substitute”
(Muhammad asy-Syarbini, Mughni al-Muhtaj, Juz 2, hal. 332)
Ulama Malikiyah “Menjadikan milik suatu kemanfaatan
yang mubah dalam waktu tertentu dengan pengganti”.
Basic Principles: Pillars & Condition Mu’jir & musta’jir :-
Ulama hanafiah aqid can think rationally and mumaiyyiz
Ulama malikiyah baligh and should ask permitted from
parents Ulama hanabilah dan syafi’iyah
aqid should mukallaf
Ijab kabul Ujrah (payment)
payment in terms fixed asset know by both parties
payment that same as Ma’qud ‘alaih is not allowed
pay according the agreement
Ma’qud ‘alaih (object/benefit) Objects is possession by lessor Given after akad Objects specification must be
clearly stated Stated of duration of utilization Utilization ijarah objects should be
not forbidden by shariah No reject objects
return the object ijarah if unable to pay rent
maintain and use the appropriate object in the agreed ijarah
not sublease and / or transfer ijarah object to other parties
Basic Principles: Rules In Hiringo Explaination types of jobso Explanation about work houro Can’t rent other person to do his/her
compulsory tasko No discrimination/ make use the workers
Basic Principles: Law Of Ijarah
Lease law Wage-hiring law
Basic Principles: Payment Of Wages & Rents
The right to receive wages musta'jir is as follows:
"Give the employee the wages before the sweat dries." (Narrated by Ibn Majah)
If renting goods, money paid when the contract hire rental happen
Basic Principles: Responsibility of the Employees
Maliki When the nature of the job imprint on goods any
damage is the responsibility of the employee. Abu Yusuf & Muhammad bin Hasan asy-
Syaibani Worker was partially responsible for the damage,
whether intentional or not unless there is something beyond boundary occur.
Imam Abu Hanifah dan Syafi’I If the damage was not due to foul play and
negligence of the employee's compensation is not required.
Basic Principles: Goods Renting A Rental (menyewakan barang sewaan)
Musta'jir enabled sublease rental items to others in terms of use of the goods in accordance with the use of the promised when the contract.
Basic Principles: Termination Of Ijarah Ijarah be fasakh (void) if there is the following:
The occurrence of defects in the leased goods that occurs on the hands musta'jir
The destruction of the leased item Damaged goods is renting back (ma'jur alaih) The expiration of the prescribed period and the
completion of the work
Basic Principles: Ijarah Return If ijarah has ended, musta'jir need to return
the rental items. If can be transferred, it must hand over to the
owner and if the form of rental is' iqar (fixed).
Party Involve Two parties involve in Ijara :
A lessor(the owner of the leased asset) A lessee(the party who reaps the services of the
leased asset) Ownership right
Ownership liabilities & usage liabilities Leased asset as a trust Impairment lost not cost by the lessee Operation maintenance Can’t transfer to third party without permission from
lessor
Illustration
1. Identify the machine/
goods.
2. The bank buy the
equipment from the dealer
3. The bank gives lease of machinery / equipment to the
customer at an agreed monthly price for a specified period
4. the customer pays a monthly
lease
5. The customer returns the machine /
equipment at the expiration date.
Bank
Machine/ equipment
Customer
Syari’a Rules In Ijarah• And said one of them (the two women): "O my
father! Hire him! Verily, the best of men for you to hire is the strong, the trustworthy”.
• The Prophet (SAW) said: "Pay the hired worker his wages before his sweat dries off". (Sunan Ibn Majah)
Syari’a Rules In Ijarah • The Prophet (SAW) is reported to have said:
"He who hires a person should inform him of his fee.” (Al-Sunan Al-Kubra li Al-Baihaqi)
• Abdullah ibn Umar narrates, “Allah's Apostle gave the land of Khaibar to the Jews to work on and cultivate and take half of its yield.” Ibn 'Umar added, "The land was used to be rented for a certain portion (of its yield)." (Sahih Al-Bukhari)
Syari’a Rules In Ijarah • The Prophet (SAW) is reported to have said:
"He who hires a person should inform him of his fee.” (Al-Sunan Al-Kubra li Al-Baihaqi)
• Abdullah ibn Umar narrates, “Allah's Apostle gave the land of Khaibar to the Jews to work on and cultivate and take half of its yield.” Ibn 'Umar added, "The land was used to be rented for a certain portion (of its yield)." (Sahih Al-Bukhari)
Key Issue: Rental Payment Based On Interest
Lease rental could not be directly expressed by referrence to interest rates
In leasing transactions the lessor is providing an asset
In an Ijara lease the amount and timing of the lease payments should be agreed in advance
Key Issue: Penalty Interest Default Western conventional leases- provide for
default interest on late payment Islamic leases- providing some form of
discount formula
Key Issue: Insurance and maintenance issue
In an Ijara lease the responsibility for maintaining and insuring the leased asset remains that of the lessor throughout
Maintenance obligations
Key Issue: Shari’a Board Issue Role of the shari’a board
To monitor the workings of the Islamic financing institution
Key Issue: Registration of ownership Leased asset is registered in the name of
lessor If there are barriers, maybe registered in the
name of the leassee
Key Issue: Master agreement This agreement detailing the term & condition Master agreement is considered as wa’d
(promise)
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