Application of the Ijarah Contract on Educational Financing through Empowerment of Laboratory of Mini Sharia Bank in Higher Education
- DOI
- 10.2991/sores-18.2019.62How to use a DOI?
- Keywords
- Ijarah contract; financing of education; empowerement; laboratory of mini Banking Syariah
- Abstract
The focus of this study is aimed to find out the application of the educational funding Ijarah contract to student at Baytul Mal wat-Tamwil (BMT) as empowerment of Islamic mini bank laboratory in Higher Education. This research used descriptive qualitative methods by conducting interview, observation, and documentation. The results of the study indicate that the Ijarah contract is only applied to private universities. The students applying for educational funding must complete with a certificate from their Lecturer, Deputy Dean II and parents. The laboratory of Sharia Mini Bank analyzed the feasibility of educational funds submitted by students using the 5C principle (Capital, Collateral, Capacity, Character, and Condition). The application of the Ijarah contract by BMT University is permisible because BMT acts as renter as well as a renter to student at a new price (al-Ijarah al-Muwazi) or BMT is the liaison that takes care of the payment of student lectures. The benefits of BMT are obtained from the difference in rental prices or services for managing tuition fees (the Ijarah bil-Wakalah). The application of the ijarah contract in term financing of education through Universities. BMT has provided mutually beneficial solutions for students, Universities and BMT.
- Copyright
- © 2019, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Eva Fauziah AU - Ifa Hanifia Senjiati AU - Sandy Rizki AU - Asep Ramdan Hidayat PY - 2019/03 DA - 2019/03 TI - Application of the Ijarah Contract on Educational Financing through Empowerment of Laboratory of Mini Sharia Bank in Higher Education BT - Proceedings of the Social and Humaniora Research Symposium (SoRes 2018) PB - Atlantis Press SP - 260 EP - 265 SN - 2352-5398 UR - https://doi.org/10.2991/sores-18.2019.62 DO - 10.2991/sores-18.2019.62 ID - Fauziah2019/03 ER -