IMPLEMENTATION OF THE HIWALAH ACADEMIC IN SOCIAL ENVIRONMENT AND SHARIA FINANCIAL INSTITUTIONS

Debt has become commonplace to meet the needs of human life. However, because it is a loan, must be returned, and sometimes not everyone can return at agreed time. Therefore, Islam offers solution in form Hiwalah Contract. transfer debt from person who owes someone else able pay it. unique system suitable for adaptation by humans, part life muamalah. The legal basis implementing Qur'an, Hadith, Ijma' Qiyas. used solve account payments problems but more than that also serves as funds one another or group another. In this case, banking practiced contract. burden obliged there are similar levels. To debt, you use collateral which joint property financing, so transferred those bear with guarantee assets guarantor. Even on other hand could people want continue stalled financing being financed then insurer.