The purpose of this study is to discuss the concept of al-Ijarah or
leasing which is one of the legal contracts or transactions in the
world of Islamic banking. When the concept of al-Ijarah is applied
in contemporary Sharia business, there are several problems in its
application that require solutions in its study. This research is a
research with a qualitative descriptive approach using some
literature related to the discussion (Libarary Research). After
going through some of the literature, it was discussed and
analyzed. The conclusions in this study include: Ijarah is a form of
transaction in Islamic law which essentially is the existence of two
parties who agree to rent out goods or services (labor and or
professionalism) with certain rewards. As for the texts that
underlie it is QS. 65:6, some hadiths of the Prophet Muhammad
and the consensus of the fuqaha. An accountable transaction,
Ijarah is completed with the terms and pillars as a measuring tool
for whether the transaction is valid, familial or void. The
conditions are: The willingness of both parties, the benefits of the
object of Ijarah are known with certainty, the leased item has
certain specifications, the object for rent is something permissible,
can be handed over, not an obligation and wages are something of
value. The pillars are: Two parties to the transaction, transaction
editor, benefits and wages. The character of the Ijarah transaction
is binding on the parties who have made the transaction
agreement. The variety is rental, lease purchase and labor. An
Ijarah transaction can end when the goal or deadline has been
achieved, the default of one of the parties or the death of one of
the parties.