Implementation of Istishna Contract in Sharia Developer (Case Study on Lukasya Land Property)

Abstract

Sharia property developers attend to see the high demand for home ownership that uses the principles of sharia. The number of occurrences of these developers depart from a paradigm in the transaction in accordance with Islamic principles set out in the Qur'an and hadith. Istishna contract is one of the media contract of sale and purchase in home ownership. This research is a qualita tive research with case study approach. Data collection is done by interview and documentation. Methods of data analysis using Miles and Huberman. The result of this research is the difference of business scheme that is run compared to that done by conventional developer and also istishna contract cycle applied by banking