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Integration of Maqāṣid Al-Sharīʿah in the Design of Hybrid Financial Contracts (Uquˉd Murakkabah)

Jurnal Iman dan Spiritualitas · Vol. 5 No. 4 (2025) · hlm. 719–732

DOI
10.15575/jis.v5i4.48280
ISSN
2775-4596
Terbit
2025-12-15
Penerbit
UIN Sunan Gunung Djati Bandung
Bahasa
eng
Lisensi
creativecommons.org/licenses/by-sa/4.0

Abstrak

This study aims to critically examine how maqāṣid al-sharī‘ah can be systematically integrated into the design, structuring, and evaluation of uqud murakkabah (hybrid contracts) as a core driver of contemporary Islamic financial innovation. Grounded in key concepts such as maqasid, hybrid contracts, maslahah, hilah, and the principles of uṣūl al-fiqh, this research adopts a qualitative library-based methodology, drawing on classical jurisprudence, contemporary scholarship, international Sharia standards, and DSN-MUI fatwas. The scope of analysis includes conceptual foundations, methodological linkages, and practical applications of hybrid contracts in financing, home ownership structures, and sukuk engineering. The findings demonstrate that maqasid integration requires hybrid structures that ensure clarity, transparency, justice, real economic substance, and effective safeguards against hilah and exploitative risk configurations. Key challenges include contractual complexity, limited practitioner awareness of maqasid, and a tendency to mimic conventional financial instruments. Practical recommendations include strengthening maqasid-oriented regulatory frameworks, enhancing the capacity of Sharia Supervisory Boards, and developing measurable evaluation instruments. The study contributes an integrative normative-analytical framework that operationalizes maqasid within hybrid contract design to enhance ethical and welfare-oriented outcomes in Islamic finance. This research introduces a structured maqasid-hybrid contract integration model, offering an actionable evaluative tool for regulators, Sharia boards, and industry practitioners to ensure substantive Sharia compliance beyond formal legality.

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  • Sunan Gunung Djati State Islamic University Bandung
  • Syarif Hidayatullah State Islamic University Jakarta
  • Prince of Songkla University
  • Universitas Islam Negeri Palangka Raya
  • Universiti Utara Malaysia
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Rekan penulisOrganisasiArtikel bersama
Deden NajmudinSunan Gunung Djati State Islamic University Bandung1
Enceng Arif FaizalSunan Gunung Djati State Islamic University Bandung1
Moh. Ahsanuddin JauhariSunan Gunung Djati State Islamic University Bandung1
Atep MasturSunan Gunung Djati State Islamic University Bandung1
Ateng RuhendiSunan Gunung Djati State Islamic University Bandung1
Aden RosadiSunan Gunung Djati State Islamic University Bandung1
Adzanah Mariska SalsabilaSunan Gunung Djati State Islamic University Bandung1
Aris HassamaPrince of Songkla University1
M. Mujib QulyubiSyarif Hidayatullah State Islamic University Jakarta1
Muhammad Fadhlan AzizSunan Gunung Djati State Islamic University Bandung1
Neng Yani NurhayaniSunan Gunung Djati State Islamic University Bandung1
Ending SolehudinSunan Gunung Djati State Islamic University Bandung1
Erika Rishan AdillahSunan Gunung Djati State Islamic University Bandung1
RR. Rita ErawatiSunan Gunung Djati State Islamic University Bandung1
Jaenudin JaenudinSunan Gunung Djati State Islamic University Bandung1
Fauzan Ali RasyidSunan Gunung Djati State Islamic University Bandung1
Usep SaepulohSunan Gunung Djati State Islamic University Bandung1
Ramdani Wahyu SururieSunan Gunung Djati State Islamic University Bandung1
Jefry TarantangSunan Gunung Djati State Islamic University Bandung1
Muhammad Hafiz BadarulzamanUniversiti Utara Malaysia1
Ibnu Elmi AS PeluUniversitas Islam Negeri Palangka Raya1
Ahmad FauziAfiliasi tidak diketahui1

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Sumber metadata: OAI-PMH (metadata jurnal) https://journal.uinsgd.ac.id/index.php/jis/oai, pertama di-harvest 7 Nov 2026, terakhir terlihat 8 Nov 2026.
Metadata asli (oai_dc) 
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	<dc:title xml:lang="en-US">Integration of Maqāṣid Al-Sharīʿah in the Design of Hybrid Financial Contracts (Uquˉd Murakkabah)</dc:title>
	<dc:creator>Fattah, Abdul</dc:creator>
	<dc:creator>Anwar, Syahrul</dc:creator>
	<dc:subject xml:lang="en-US">hybrid contracts</dc:subject>
	<dc:subject xml:lang="en-US"> Islamic legal theory</dc:subject>
	<dc:subject xml:lang="en-US">justice</dc:subject>
	<dc:subject xml:lang="en-US">risk governance</dc:subject>
	<dc:subject xml:lang="en-US">maslahah</dc:subject>
	<dc:subject xml:lang="en-US">maqasid shari'ah</dc:subject>
	<dc:description xml:lang="en-US">This study aims to critically examine how maqāṣid al-sharī‘ah can be systematically integrated into the design, structuring, and evaluation of uqud murakkabah (hybrid contracts) as a core driver of contemporary Islamic financial innovation. Grounded in key concepts such as maqasid, hybrid contracts, maslahah, hilah, and the principles of uṣūl al-fiqh, this research adopts a qualitative library-based methodology, drawing on classical jurisprudence, contemporary scholarship, international Sharia standards, and DSN-MUI fatwas. The scope of analysis includes conceptual foundations, methodological linkages, and practical applications of hybrid contracts in financing, home ownership structures, and sukuk engineering. The findings demonstrate that maqasid integration requires hybrid structures that ensure clarity, transparency, justice, real economic substance, and effective safeguards against hilah and exploitative risk configurations. Key challenges include contractual complexity, limited practitioner awareness of maqasid, and a tendency to mimic conventional financial instruments. Practical recommendations include strengthening maqasid-oriented regulatory frameworks, enhancing the capacity of Sharia Supervisory Boards, and developing measurable evaluation instruments. The study contributes an integrative normative-analytical framework that operationalizes maqasid within hybrid contract design to enhance ethical and welfare-oriented outcomes in Islamic finance. This research introduces a structured maqasid-hybrid contract integration model, offering an actionable evaluative tool for regulators, Sharia boards, and industry practitioners to ensure substantive Sharia compliance beyond formal legality.</dc:description>
	<dc:publisher xml:lang="en-US">UIN Sunan Gunung Djati Bandung</dc:publisher>
	<dc:date>2025-12-15</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://journal.uinsgd.ac.id/index.php/jis/article/view/48280</dc:identifier>
	<dc:identifier>10.15575/jis.v5i4.48280</dc:identifier>
	<dc:source xml:lang="en-US">Jurnal Iman dan Spiritualitas; Vol. 5 No. 4 (2025): Jurnal Iman dan Spiritualitas; 719-732</dc:source>
	<dc:source>2775-4596</dc:source>
	<dc:language>eng</dc:language>
	<dc:relation>https://journal.uinsgd.ac.id/index.php/jis/article/view/48280/15662</dc:relation>
	<dc:rights xml:lang="en-US">Copyright (c) 2025 Abdul Fattah, Syahrul Anwar</dc:rights>
	<dc:rights xml:lang="en-US">https://creativecommons.org/licenses/by-sa/4.0</dc:rights>
</oai_dc:dc>