Hiwalah is a transfer of debt from a person who is indebted to the other person who takes the responsibility of the debt. Akadhiwalah (hiwalah contract) can be implemented in Islamic Finance Institutions. BMT BIF, as one of the Islamic Finance Institutions, has applied akadhiwalah as one of the financing products. In the implementation, BMT BIF charges some fee. The fatwa (order) of DSN (DewanSyariahNasional/National Islamic Board) MUI (MajelisUlama Indonesia/Indonesian Ulema Council) number 12/DSN-MUI/IV/2007 about hiwalah states that the statement of ijabdanqabul (vow) has to be declared by the parties to express their intentions in establishing the contract. In this case, akadhiwalah should retrieve an agreement from the three parties. In this research, field research was used and the data were collected by conducting direct research on the field, whereas the data collection technique used were interview and documentation. The nature of this research was perspective.