Pemindahan hak milik dalam instrumen Al-Ijarah Thumma Al-Bay’ (AITAB) di Malaysia
The transfer of ownership at the end of a leasing contract is an important element in al-ijarah thumma al-bay’ (AITAB) structure. In AITAB structure, the ownership is transferred from owner to the hirer by the execution of a sale contract upon the expiry of the lease contract. The execution of sale...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Penerbit UTM Press.
2016
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/76072/ http://irep.iium.edu.my/76072/ http://irep.iium.edu.my/76072/1/AITAB%20Hakimah.pdf |
| Summary: | The transfer of ownership at the end of a leasing contract is an important element in al-ijarah thumma al-bay’ (AITAB) structure. In AITAB structure, the ownership is transferred from owner to the hirer by the execution of a sale contract upon the expiry of the lease contract. The execution of sale contract must satisfy Shariah requirements. Nonetheless, legal framework of Islamic financial system in Malaysia which is subjected to civil law; and the absence of a comprehensive regulatory framework to govern AITAB transaction has caused the practice of AITAB in Malaysia to be subjected to the Hire Purchase Act 1967. Therefore, this study aims to identify the Shariah and legal issues that would arise in the implementation of ownership transfer in AITAB instrument as practised in Malaysia. This study also intends to determine the extent to which the Act is compatible to govern and enforce Syariah requirements in the execution of ownership transfer in AITAB transaction. This study employs qualitative methodology through document analysis. In its analysis, this study applies three methods; inductive, deductive and comparative methods. It analyses Syariah requirements in relations to ownership transfer and compares with the Hire Purchase Act 1967. The study also analyses the practice of ownership transfer in AITAB transaction in Malaysia. The finding of the study shows that the Hire Purchase Act 1967 possesses loopholes to govern and enforce Syariah requirements on ownership transfer in AITAB. Thus, the execution of ownership transfer in AITAB though satisfy Shariah requirements, would encounter legal issues.
Pemindahan hak milik di akhir tempoh sewaan merupakan salah satu elemen penting dalam struktur al-ijarah thumma al-bay’ (AITAB). Dalam struktur AITAB, hak milik dipindahkan daripada pemilik kepada penyewa melalui pelaksanaan kontrak jualan setelah tempoh sewaan berakhir. Pelaksanaan kontrak jualan tersebut mestilah mematuhi kehendak Syariah. Walau bagaimanapun kerangka perundangan sistem kewangan Islam di Malaysia yang tertakluk kepada undang-undang sivil; serta ketiadaan rangka perundangan Shariah yang komprehensif untuk mengawal selia transaksi AITAB telah menyebabkan amalan AITAB di Malaysia masih tertakluk kepada Akta Sewa Beli 1967. Oleh itu kajian ini ingin mengenal pasti isu-isu Syariah dan perundangan yang mungkin timbul dalam pelaksanaan pemindahan hak milik dalam instrumen AITAB sebagaimana yang diamalkan di Malaysia. Kajian ini juga ingin menentukan sejauh manakah Akta tersebut sesuai untuk mengawal selia dan menguatkuasakan kehendak Syariah dalam pelaksanaan pemindahan hak milik dalam transaksi AITAB. Kajian ini menggunakan kaedah kualitatif melalui analisis dokumen. Dalam penganalisaan data, kajian ini menggunakan tiga kaedah iaitu kaedah induktif, deduktif dan komparatif. Ia menganalisis kehendak Syariah berkaitan pemindahan hak milik dan membandingkannya dengan Akta Sewa Beli 1967. Kajian ini juga menganalisis amalan pemindahan hak milik dalam transaksi AITAB di Malaysia. Hasil kajian menunjukkan Akta Sewa Beli 1967 mempunyai kelemahan untuk mengawal selia dan menguatkuasakan kehendak Syariah berkaitan pemindahan hak milik dalam AITAB. Oleh itu pelaksanaan pemindahan hak milik dalam AITAB walaupun memenuhi kehendak Syariah, masih menghadapi isu perundangan. |
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