The Principle of Contractual Justice in Islamic Home Financing: A Study at Bank Sulselbar, Sharia Branch
DOI:
https://doi.org/10.55606/inovasi.v5i3.6519Keywords:
Islamic Home Financing, Maqasid Al-Shariah, Contractual Justice, Dispute Resolution, Consumer ProtectionAbstract
This research examines legal protection and dispute resolution mechanisms in sharia-based home financing contracts within Indonesian Islamic banking, with a focus on the application of contractual justice principles. The objective of the study is to analyse how the balance of rights and obligations, corrective justice, and the values of maqāṣid al-sharī‘ah are implemented in practice within the legal relationship between banks and customers, extending beyond mere normative compliance with formal regulations. The study adopts a field-based method combining qualitative empirical findings and normative analysis. Data were collected through in-depth interviews with Islamic banking practitioners, examination of financing contract documents, and analysis of dispute resolution practices. The findings indicate that, in formal terms, Islamic home financing contracts incorporate principles of transparency, voluntary consent, and sharia compliance. Practical implementation, however, continues to encounter substantive imbalances arising from the use of standard-form contracts, information asymmetry, and the limited bargaining position of customers. Corrective justice is pursued through non-litigation mechanisms such as financing restructuring, mediation, and staged settlement prior to collateral execution. Such mechanisms align with the maqāṣid al-sharī‘ah, particularly the protection of property and the promotion of social justice, although effectiveness depends on good faith and institutional capacity. The conclusions underscore the need to strengthen contractual transparency, optimise sharia-based dispute resolution, and enhance customer protection in order to realise substantive justice. The findings contribute empirical insights to the development of Islamic home financing studies and offer policy implications for regulators and Islamic banking institutions
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