Crisis Ability: Modified Ijarah Thumma Al-Bai’ vs. Rule 78
Abstract
The intention of this paper is to investigate the ability of modified Ijarah Thumma Al-Bai’ (AITAB) model in
facing the crisis compare with Rule 78 model. Both models are based on Shari’ah regulation for ijarah
contract and al-bai’ contract, but the modified AITAB model consideration is different from Rule 78. In
modified AITAB modelling, we consider a partnership between lessor and lessee with musyarakah
mutanaqisah concept being used, whereas in Rule 78 model such consideration does not exist. From the
analysis, we obtain a different result for IMAT and Rule 78 models, meaning both models are handling
the crisis differently.
facing the crisis compare with Rule 78 model. Both models are based on Shari’ah regulation for ijarah
contract and al-bai’ contract, but the modified AITAB model consideration is different from Rule 78. In
modified AITAB modelling, we consider a partnership between lessor and lessee with musyarakah
mutanaqisah concept being used, whereas in Rule 78 model such consideration does not exist. From the
analysis, we obtain a different result for IMAT and Rule 78 models, meaning both models are handling
the crisis differently.
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Tidak berjudul (Bahasa Indonesia)DOI: https://doi.org/10.29313/jstat.v10i2.1016
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