The goods and services tax (GST) on takāful products : a critical Sharīʿah appraisal
المؤلفون المشاركون
Luqman, Burhan al-Din
al-Atrash, Saba Radwan Jamal
المصدر
ISRA International Journal of Islamic Finance
العدد
المجلد 9، العدد 2 (31 ديسمبر/كانون الأول 2017)، ص ص. 205-209، 5ص.
الناشر
الأكاديمية العالمية للبحوث الشرعية
تاريخ النشر
2017-12-31
دولة النشر
ماليزيا
عدد الصفحات
5
التخصصات الرئيسية
الملخص EN
Purpose – This paper aims to ascertain the Sharīʿah (Islamic law) stance on the imposition of goods and services tax (GST) on tabarruʿ-based takāful (donation-based Islamic insurance) products in Malaysia.
The paper aims to do so by analysing the philosophy, purposes and structure of GST on takāful products and comparing the imposition of GST on tabarruʿ-based takāful with its imposition on conventional insurance while probing into the Sharīʿah texts and opinions of classical and contemporary scholars about taxation in Islam.
Design/methodology/approach – The paper uses a qualitative research methodology.
In addition to the literature and text on websites, the information on how GST is applied in practice is also obtained through interviews, discussions and documents from takāful operators.
To determine the Sharīʿah position on GST, reference has been made to classical and contemporary Sharīʿah literature, including local and international Sharīʿah advisory bodies’ resolutions and standards.
Findings – This study finds that a strict interpretation of Sharīʿah does not allow for the imposition of GST; however, there is still room for the government to justify it using a broader interpretation of ma sla hah (public interest).
Takāful has become a need for the society and is subscribed to by all income groups, and not only by the rich.
Hence, the government should consider exempting takāful products from GST.
The basis of tabarruʿ in takāful does not provide conclusive Sharīʿah evidence for takāful to be exempted from GST.
Originality/value – This research paves the way for the industry to propose further measures on GST for takāful products such as the exemption of GST on the tabarruʿ amount or imposition of a zero rate of GST on the relevant takāful fees and charges that are currently burdensome to consumers.
نمط استشهاد جمعية علماء النفس الأمريكية (APA)
Luqman, Burhan al-Din& al-Atrash, Saba Radwan Jamal. 2017. The goods and services tax (GST) on takāful products : a critical Sharīʿah appraisal. ISRA International Journal of Islamic Finance،Vol. 9, no. 2, pp.205-209.
https://search.emarefa.net/detail/BIM-965273
نمط استشهاد الجمعية الأمريكية للغات الحديثة (MLA)
Luqman, Burhan al-Din& al-Atrash, Saba Radwan Jamal. The goods and services tax (GST) on takāful products : a critical Sharīʿah appraisal. ISRA International Journal of Islamic Finance Vol. 9, no. 2 (2017), pp.205-209.
https://search.emarefa.net/detail/BIM-965273
نمط استشهاد الجمعية الطبية الأمريكية (AMA)
Luqman, Burhan al-Din& al-Atrash, Saba Radwan Jamal. The goods and services tax (GST) on takāful products : a critical Sharīʿah appraisal. ISRA International Journal of Islamic Finance. 2017. Vol. 9, no. 2, pp.205-209.
https://search.emarefa.net/detail/BIM-965273
نوع البيانات
مقالات
لغة النص
الإنجليزية
الملاحظات
Text in English ; abstracts in .
رقم السجل
BIM-965273
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