Rebate in Islamic sale-based financing contracts : bank Negara Malaysia guidelines on ibraʾ versus conventional finance practice
المؤلف
المصدر
ISRA International Journal of Islamic Finance
العدد
المجلد 13، العدد 3 (31 ديسمبر/كانون الأول 2021)، ص ص. 378-389، 12ص.
الناشر
الأكاديمية العالمية للبحوث الشرعية
تاريخ النشر
2021-12-31
دولة النشر
ماليزيا
عدد الصفحات
12
التخصصات الرئيسية
الملخص EN
Purpose-This paper aims to compare the rebate computation in Islamic sale-based financing contracts as proposed by Bank Negara Malaysia (BNM) in its guidelines on ibrāʾ (rebate)-with the rebate computation in conventional finance that is applicable to conventional loans, thus examining if there is a significant difference between the two approaches.
Design/methodology/approach-The paper employs the qualitative analysis method, involving review and discussion of relevant literature.
Subsequently, a quantitative analysis is utilized to compare both rebate computations: the one proposed by BNM for Islamic sale-based financing contracts and the conventional finance computation that is utilized in conventional loans.
Findings-BNM's rebate computation for debts resulting from sale-based financing contracts does not differ from the conventional finance rebate computation applied to conventional loans; such similarity may raise the usury concerns that the conventional finance rebate computation raises.
Research limitations/implications-The paper focuses only on the fixed profit rate rebate computation proposed by BNM guidelines.
Practical implications-The results highlight the need for seeking another rebate computation to be applied in Islamic financial institutions in the case of mandatory bilateral rebate for sale-based financing contracts – a computation that differs from the practice utilized in conventional loans in order to avoid any usury implications associated with conventional finance computation.
Originality/value-The paper examines the rebate practice proposed by BNM for sale-based financing contracts.
Forcing a predetermined rebate computation in sale-based financing contracts could be plausible as BNM requires; however, the suggested computation might be questionable because it resembles conventional finance computation
نمط استشهاد جمعية علماء النفس الأمريكية (APA)
Kamal, Islam. 2021. Rebate in Islamic sale-based financing contracts : bank Negara Malaysia guidelines on ibraʾ versus conventional finance practice. ISRA International Journal of Islamic Finance،Vol. 13, no. 3, pp.378-389.
https://search.emarefa.net/detail/BIM-1429806
نمط استشهاد الجمعية الأمريكية للغات الحديثة (MLA)
Kamal, Islam. Rebate in Islamic sale-based financing contracts : bank Negara Malaysia guidelines on ibraʾ versus conventional finance practice. ISRA International Journal of Islamic Finance Vol. 13, no. 3 (2021), pp.378-389.
https://search.emarefa.net/detail/BIM-1429806
نمط استشهاد الجمعية الطبية الأمريكية (AMA)
Kamal, Islam. Rebate in Islamic sale-based financing contracts : bank Negara Malaysia guidelines on ibraʾ versus conventional finance practice. ISRA International Journal of Islamic Finance. 2021. Vol. 13, no. 3, pp.378-389.
https://search.emarefa.net/detail/BIM-1429806
نوع البيانات
مقالات
لغة النص
الإنجليزية
الملاحظات
Includes appendix : p. 389
رقم السجل
BIM-1429806
قاعدة معامل التأثير والاستشهادات المرجعية العربي "ارسيف Arcif"
أضخم قاعدة بيانات عربية للاستشهادات المرجعية للمجلات العلمية المحكمة الصادرة في العالم العربي
تقوم هذه الخدمة بالتحقق من التشابه أو الانتحال في الأبحاث والمقالات العلمية والأطروحات الجامعية والكتب والأبحاث باللغة العربية، وتحديد درجة التشابه أو أصالة الأعمال البحثية وحماية ملكيتها الفكرية. تعرف اكثر