Implementation of Contracts in Indonesian Sharia Economics: Legal Analysis of KHES, Implementation Obstacles, and Protection of Parties

Authors

  • Askhiya Zahra Justisia Universitas Negeri Sultan Syarif Kasim Riau
  • Muhammad Albahi Universitas Islam Negeri Sultan Syarif Kasim Riau
  • Rozi Andrini Universitas Islam Negeri Sultan Syarif Kasim Riau

DOI:

https://doi.org/10.31958/jeh.v10i2.16278

Keywords:

Digital Finance, Legal Protection, Sharia Contracts

Abstract

This study examines the implementation of Sharia contracts in Indonesia's Islamic financial institutions, addressing gaps between theoretical frameworks and practical application. Sharia economics, based on Islamic principles of justice, welfare, and accountability, is guided by the Compilation of Islamic Economic Law (KHES) and DSN-MUI fatwas. Despite a robust legal framework, challenges persist, particularly in non-standardized contract formats, inconsistent practices, and the rise of digital finance. The study analyzes Sharia contracts through three dimensions: (1) identifying core Sharia principles, (2) evaluating their practical application, and (3) assessing legal obstacles and protections for contract parties. Using a qualitative-library methodology, the research reviews primary sources such as the Qur'an, Hadith, KHES, Law No. 21 of 2008 on Sharia Banking, and DSN-MUI fatwas, along with secondary sources. Findings reveal that while the normative framework is strong, its practical implementation is inconsistent due to issues like limited legal literacy and challenges from digital finance. The study calls for standardized contract templates, enhanced Sharia audits, and adaptable regulatory frameworks to improve Sharia economic practices in Indonesia.

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Published

2025-12-30

How to Cite

Justisia, A. Z., Albahi, M., & Andrini, R. (2025). Implementation of Contracts in Indonesian Sharia Economics: Legal Analysis of KHES, Implementation Obstacles, and Protection of Parties. El -Hekam, 10(2), 149–158. https://doi.org/10.31958/jeh.v10i2.16278

Issue

Vol. 10 No. 2 (2025)

Section

Articles

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