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The hybrid contract concept emerges as a finding of innovation of Islamic banking products to fulfill the needs of banking transactions in sharia banks. A transaction in a financial institution must not be separated from a set of financial statements in the accounting system. As a Sharia-operated bank, it must apply the concept of sharia accounting, including in accounting records of hybrid contract transactions. Using the qualitative method of hermeneutic phenomenology, this study concludes that in practice, the accounting records at the beginning of the transactions of mura> bah wakalah wilalah is directly on the ownership of the assets of mura> bah} ah by the bank. Whereas, before the asset belongs to the bank (which is represented by the customer), there is a previous contract that is wakalah. The occurrence of this wakalah contract is not done in accounting records. Therefore, if only look at the accounting records of a bank, it will not be seen clearly a transaction with the agreement mura> bah} ah bil wakalah. Whereas, in accounting calculation by musya> rakah mutana> qis} ah contract, accounting treatment that acknowledged the financing of musya> rakah, then in its presentation, there is certainly a Financial Position Report (balance sheet) showing the financing musya> rakah as a whole.