Dual agency practices in Islamic financial institutions : a fiqh perspective

المؤلفون المشاركون

Shahr al-Din, Amir
Musa, Aizul Aiman
Nawi, Fatin Syahirah Muhammad
Ahmad, Adi Hanif Muhammad
Mumin, Makrami Ab.

المصدر

Journal of Fatwa Management and Research

العدد

المجلد 21، العدد 1 (31 يوليو/تموز 2020)، ص ص. 38-48، 11ص.

الناشر

جامعة العلوم الإسلامية الماليزية مجمع الفتاوى العالمية للإدارة و البحوث

تاريخ النشر

2020-07-31

دولة النشر

ماليزيا

عدد الصفحات

11

التخصصات الرئيسية

الاقتصاد و التجارة
الدراسات الإسلامية

الملخص EN

Bay al-tawarruq is increasingly adopted by Malaysian Islamic financial institutions (ifis) in creating both deposit and financing products.

the contract involves sequences of trading between three parties namely client, ifis and brokers.

however, in order to simply the operation and to minimize client’s involvement, the actual trading are conducted between ifi and brokers only.

ifi will act on behalf of the client and execute all trading transactions.

the practice triggers fiqh issue because the ifi (as agent of client) will sell and purchase commodity to himself.

the present article discusses the issue by assessing Muslim jurists’ view pertaining to dual agency practices.

the article adopts juristic analysis method in which classical and contemporary scholars arguments are analysed before a preferred opinion (tarjih) is concluded.

understanding the issue is vital to avoid misunderstanding about the legality of Islamic financial products particularly products that used the organized bay’ al-tawarruq as the underlying contract.

نمط استشهاد جمعية علماء النفس الأمريكية (APA)

Shahr al-Din, Amir& Musa, Aizul Aiman& Nawi, Fatin Syahirah Muhammad& Ahmad, Adi Hanif Muhammad& Mumin, Makrami Ab.. 2020. Dual agency practices in Islamic financial institutions : a fiqh perspective. Journal of Fatwa Management and Research،Vol. 21, no. 1, pp.38-48.
https://search.emarefa.net/detail/BIM-1298149

نمط استشهاد الجمعية الأمريكية للغات الحديثة (MLA)

Shahr al-Din, Amir…[et al.]. Dual agency practices in Islamic financial institutions : a fiqh perspective. Journal of Fatwa Management and Research Vol. 21, no. 1 (Jul. 2020), pp.38-48.
https://search.emarefa.net/detail/BIM-1298149

نمط استشهاد الجمعية الطبية الأمريكية (AMA)

Shahr al-Din, Amir& Musa, Aizul Aiman& Nawi, Fatin Syahirah Muhammad& Ahmad, Adi Hanif Muhammad& Mumin, Makrami Ab.. Dual agency practices in Islamic financial institutions : a fiqh perspective. Journal of Fatwa Management and Research. 2020. Vol. 21, no. 1, pp.38-48.
https://search.emarefa.net/detail/BIM-1298149

نوع البيانات

مقالات

لغة النص

الإنجليزية

رقم السجل

BIM-1298149