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The principle of Maṣlaḥah and its application in Islamic banking operations in Malaysia
المؤلف
المصدر
ISRA International Journal of Islamic Finance
العدد
المجلد 11، العدد 1 (30 يونيو/حزيران 2019)، ص ص. 137-146، 10ص.
الناشر
الأكاديمية العالمية للبحوث الشرعية
تاريخ النشر
2019-06-30
دولة النشر
ماليزيا
عدد الصفحات
10
التخصصات الرئيسية
العلوم المالية و المحاسبية
الاقتصاد والتمويل الإسلامي
الموضوعات
الملخص EN
Purpose This paper aims to investigate the extent to which maṣlaḥah (public interest) is taken into consideration in Islamic banking operations in Malaysia, particularly in bayʿ al-ʿīnah (sale and buyback), taʿwiḍ (compensation) and ibrāʾ (rebate).
Design/methodology/approach This study applies deductive and inductive methods to analyze the application of maṣlaḥah in Islamic financial transactions.
Three issues in Malaysia are selected as a case study, allowing bayʿ al-ʿīnah, standardizing the rate of taʿwiḍ and stipulating the ibrāʾ clause in financial agreements.
As this study is qualitative in nature, all data are analyzed based on the content analysis method.
Findings Both the maṣlaḥah of Islamic banks and their customers were found to be considered by the Central Bank of Malaysia in the implementation of contracts and principles of Islamic banking.
The first maṣlaḥah represents the viability of Islamic banks, while the second maṣlaḥah promotes fairness and transparency between Islamic banks and their customers.
Research limitations/implications This study only focuses on the contracts and principles of Islamic banking operations in Malaysia with regard to three selected issues.
Practical implications This paper clarifies the practical application of maṣlaḥah in the Islamic banking industry, particularly with regard to implementing its contracts and principles.
Originality/value This paper analyzes the argument of maṣlaḥah on the issues of bayʿ al-ʿīnah , taʿwiḍ and ibrāʾ in Malaysia, which are considered among scholars to be debatable issues.
While many discussions focus on the legal aspect of Sharīʿah on those issues, this study emphasizes how the application of maṣlaḥah aims to solve the current problems and harmonize between Sharīʿah and reality.
نمط استشهاد جمعية علماء النفس الأمريكية (APA)
Ishak, Muhammad Shahrul Ifwat. 2019. The principle of Maṣlaḥah and its application in Islamic banking operations in Malaysia. ISRA International Journal of Islamic Finance،Vol. 11, no. 1, pp.137-146.
https://search.emarefa.net/detail/BIM-965090
نمط استشهاد الجمعية الأمريكية للغات الحديثة (MLA)
Ishak, Muhammad Shahrul Ifwat. The principle of Maṣlaḥah and its application in Islamic banking operations in Malaysia. ISRA International Journal of Islamic Finance Vol. 11, no. 1 (2019), pp.137-146.
https://search.emarefa.net/detail/BIM-965090
نمط استشهاد الجمعية الطبية الأمريكية (AMA)
Ishak, Muhammad Shahrul Ifwat. The principle of Maṣlaḥah and its application in Islamic banking operations in Malaysia. ISRA International Journal of Islamic Finance. 2019. Vol. 11, no. 1, pp.137-146.
https://search.emarefa.net/detail/BIM-965090
نوع البيانات
مقالات
لغة النص
الإنجليزية
الملاحظات
Includes bibliographical references : p. 144-146
رقم السجل
BIM-965090
قاعدة معامل التأثير والاستشهادات المرجعية العربي "ارسيف Arcif"
أضخم قاعدة بيانات عربية للاستشهادات المرجعية للمجلات العلمية المحكمة الصادرة في العالم العربي
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