Survey on Shariah non-compliant events in Islamic banks in the practice of tawarruq financing in Malaysia
المؤلفون المشاركون
Ali, Muhammad Mahbubi
Hasan, Rusani
المصدر
ISRA International Journal of Islamic Finance
العدد
المجلد 12، العدد 2 (31 أغسطس/آب 2020)، ص ص. 151-169، 19ص.
الناشر
الأكاديمية العالمية للبحوث الشرعية
تاريخ النشر
2020-08-31
دولة النشر
ماليزيا
عدد الصفحات
19
التخصصات الرئيسية
الملخص EN
Purpose-Tawarruq (Islamic commodity financing) has evolved as the most ubiquitous concept in Malaysia’s Islamic banking industry.
nevertheless, the extensive use of tawarruq has invoked a number of Shariah (Islamic law) concerns in its practice.
This study aims to investigate the Shariah non-compliant(SNC) phenomena in the practice of tawarruq financing in Malaysia.
design/methodology/approach-this study adopts qualitative research methodology, combining both descriptive and content analysis.
a self-administered questionnaire was distributed to 16 Malaysian Islamic commercial banks to unveil the Shariah non-compliance issues in the application of tawarruq in Islamic banks (IBs) in Malaysia.
Findings-the study found that some practices of tawarruq in malaysia might not comply with the shariah, mainly due to the improper sequencing of contracts.
the study also discovered that IBs adopt different approaches in dealingwith SNC events and the income derived therefrom.
finally, the study noted the influence of board of director/ management on certain shariah decisions particularly on the treatment of non-halal (impermissible) income.
practical implications-the findings of the study serve as a reference to industry players and regulators in formulating a shariah non-compliance risk management framework for tawarruq practices.
originality/value-the survey on SNC issues in tawarruq practice constitutes the first of its kind in the existing literature.
نمط استشهاد جمعية علماء النفس الأمريكية (APA)
Ali, Muhammad Mahbubi& Hasan, Rusani. 2020. Survey on Shariah non-compliant events in Islamic banks in the practice of tawarruq financing in Malaysia. ISRA International Journal of Islamic Finance،Vol. 12, no. 2, pp.151-169.
https://search.emarefa.net/detail/BIM-1430164
نمط استشهاد الجمعية الأمريكية للغات الحديثة (MLA)
Ali, Muhammad Mahbubi& Hasan, Rusani. Survey on Shariah non-compliant events in Islamic banks in the practice of tawarruq financing in Malaysia. ISRA International Journal of Islamic Finance Vol. 12, no. 2 (2020), pp.151-169.
https://search.emarefa.net/detail/BIM-1430164
نمط استشهاد الجمعية الطبية الأمريكية (AMA)
Ali, Muhammad Mahbubi& Hasan, Rusani. Survey on Shariah non-compliant events in Islamic banks in the practice of tawarruq financing in Malaysia. ISRA International Journal of Islamic Finance. 2020. Vol. 12, no. 2, pp.151-169.
https://search.emarefa.net/detail/BIM-1430164
نوع البيانات
مقالات
لغة النص
الإنجليزية
الملاحظات
Includes margin notes p. 166
رقم السجل
BIM-1430164
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