Main Article Content
Abstract
Islamic contract mechanism, as it's called al-'aqd al-muamalah) was done
as personal contract. The emerging of islamic bank makes it transfrormed being an
institution contract, that changes a simple contract being a rigid one, because a
position of the islamic bank. This process is called by "institutionalization", where it
could be realized without external power which support that process, such as policy
power who arranges by rules, internal resources who prepars software, hardware and
brainware, economi power who supports market acceptance analysis, social power
who supports accelerated improvement and inovation, and ijtihad power who supports
syariah compliance. The three latest are research focus and by social economic
approach and qualitative analysis model, this research finds that the
institutionalization of islamic contract has been transforming for a long-long time ago
and using two ways scientifically integration process, economics and syariah (islamic
law), especially al-fiqh al-mu'ámalah.