The Implementation of Ijarah Contracts in Financing Products at Bank Syariah Indonesia: A Case Study in Pekanbaru

Abstrak

This study investigates the implementation of ijarah contracts in financing products at Bank Syariah Indonesia (BSI) in the Pekanbaru region. A qualitative case study approach was employed, collecting data through interviews with bank staff and customers, alongside an analysis of relevant documentation. The findings reveal that the application of the ijarah contract at BSI Pekanbaru complies with Islamic legal principles and applicable financial regulations. The contract’s primary advantage lies in providing accessible asset utilization for customers and contributing to the expansion of the bank’s financing portfolio. Nevertheless, challenges remain—particularly regarding limited public understanding of the contract’s mechanism and associated financing risks borne by the bank. With proper risk mitigation strategies, the ijarah contract can serve as an effective and sustainable financing instrument to support the growth of the Islamic economy.