Ijarah Agreement from the Muamalah Fiqh Perspective: The Concept of Rentals and Wages

Abstract

Ijarah contract is one of the important forms of muamalah in community life, which regulates the transfer of usufructuary rights (benefits) of goods or services for a certain period of time in return for rent or wages. An in-depth study of the principles and pillars of ijarah, including clarity of objects, benefits, and rental prices, is crucial to ensure the validity and fairness of transactions. In addition, an understanding of the various types of ijarah, such as ijarah for the benefits of goods (rent of houses, vehicles, etc.) and ijarah for work (labor wages), as well as the fundamental differences between the two, provides a solid foundation in the practice of sharia economics. This article aims to thoroughly examine the concept of ijarah, starting from the definition, legal basis in the Qur'an and Sunnah, pillars and valid conditions, to its implications and applications in the context of the modern economy, including its challenges and opportunities. By understanding the essence of ijarah comprehensively, it is hoped that transactions can be created that are transparent, fair, and in accordance with sharia principles.