Analysis of the Implementation of Motorcycle Financing Agreements in Banda Aceh, Indonesia
DOI:
https://doi.org/10.22373/jfdp0372Keywords:
Banda Aceh, , Islamic Law, Financing Contract, MotorcycleAbstract
This article examines the issues surrounding the implementation of motorcycle financing contracts in Banda Aceh, with a particular focus on PT. Mandala Finance. The main issue identified is the inconsistency between the murābaḥah contract explicitly stated in the agreement and the joint ownership clause, which resembles musyārakah. The study employs a qualitative, normative legal approach with descriptive-prescriptive analysis, utilizing a literature review, contract documentation, and supplementary interviews. Findings reveal that financing companies in Banda Aceh generally apply murābaḥah (bi al-wakālah and li al-amr bi al-syirā’) as well as musyārakah mutanāqiṣah—however, PT. Mandala Finance demonstrates an anomaly by blending murābaḥah with musyārakah, resulting in consumers not fully attaining milk al-tāmm (complete ownership) of financed vehicles. This highlights the need for contractual consistency with the principles of Islamic economic law to avoid gharar.
Keywords: Banda Aceh, Islamic Law, Financing Contract, and Motorcycle.
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