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Developing a Hawalah Model for Islamic Car Financing Settlement

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dc.contributor.authorMohd Nazri Mohd Nooren_US
dc.contributor.authorMuhammad Ridhwan Ab. Azizen_US
dc.date.accessioned2024-05-30T07:07:12Z
dc.date.available2024-05-30T07:07:12Z
dc.date.issued2023
dc.description10th INTERNATIONAL ISLAMIC ECONOMIC SYSTEM CONFERENCE 2023 (I-iECONS 2023) : “Sustainable Development through Innovative Economic Transformation” /Editors : Amalina Mursidi, Agoos Munalis Tahir, Suhaida Herni Suffarruddin, Norfhadzilawati Rahim, Murad Ali Ahmad Al-Zaqeba, Muhammad Iqmal Hisham Kamaruddin Conference Dates: August 14 2023 | Conference Location: Millennium Makkah Al Naseem Hotel Mecca Saudi Arabia Organized by Faculty of Economics and Muamalaten_US
dc.description.abstractAs revealed by Malaysia’s bankruptcy statistics between 2019 until May 2023 , around 11.05% of bankruptcy in Malaysia is due to default of vehicle loan. This has led to the tightening up of vehicle loan underwriting and increased vehicle loan rejection rates. This paper attempts to solve this problem by proposing an Islamic contract transfer of debt; al-Hawalah as an alternative to reduce the number of defaulters in Islamic car financing. This study is an exploratory research using content analysis from the secondary data by observing on two aspects: car financing insolvency data and the Hawalah contract. In fiqh muamalat, ḥawālah refers to the transfer of financial liability from one debtor to another that would free the initial debtor from any debt (Kureshi and Hayat, 2014). This study is expected to come out with a Hawalah model for car financing settlement in Islamic bank.en_US
dc.identifier.citationMohd Noor, M. N. ., & Ab. Aziz, M. R. (2023). Developing a Hawalah Model for Islamic Car Financing Settlement. I-IECONS E-Proceedings, 10(1), 316–323. https://doi.org/10.33102/iiecons.v10i1.86en_US
dc.identifier.doi10.33102/iiecons.v10i1.86
dc.identifier.epage323
dc.identifier.issn2805-4741
dc.identifier.spage316
dc.identifier.urihttps://epiiecons.usim.edu.my/index.php/eproceeding/article/view/86
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/17212
dc.language.isoen_USen_US
dc.publisherFakulti Ekonomi dan Muamalat, Universiti Sains Islam Malaysiaen_US
dc.relation.conference10th International Islamic Economic System Conference 2023 (I-iECONS 2023)en_US
dc.subjectTransfer of debt, al-Hawalah, Car Financingen_US
dc.titleDeveloping a Hawalah Model for Islamic Car Financing Settlementen_US
dc.typeArticleen_US
dspace.entity.typePublication

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