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The Consequences Of Improper Sequence (Tartib) In Tawarruq Financing Contract

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dc.contributor.authorMuhd Aiman Hakim Zaharudinen_US
dc.contributor.authorMuhammad Najib Abdullahen_US
dc.date.accessioned2024-05-28T06:39:54Z
dc.date.available2024-05-28T06:39:54Z
dc.date.issued2022
dc.date.submitted2023-2-4
dc.descriptionVolume: 4 No: 1 (page: 157-165)en_US
dc.description.abstractThe application of sequencing (tartib) in validating Islamic financing contracts is becoming extremely prevalent, particularly among Islamic financial institutions. According to the majority of Shariah experts, a contract can only be performed with a sequence which after the seller has possession of the agreed commodity by the client, based on the pillar of contract in Islam, which is offer and acceptance. Previous survey conducted by other researcher shows the most Shariah non-compliance event occur in Tawarruq contract was an improper sequence in a contract execution. Therefore, the aim of this study is to explore the consequences of improper sequence (tartib) in Tawarruq financing contract. This research adopted primary, and secondary data through library research. The study has found the application of sequencing in validating the Islamic financing contracts especially in the Tawarruq contract is beneficial as it ensures the success of Islamic Banking institutions as there are consequences due to improper sequence of the Tawarruq Financing contract. The findings are expected to serve as a reference point for other researchers, academics, students, and especially to Islamic Banking Industries. In order to carry out the roles and responsibilities effectively, the players and the regulators of Islamic Banks were encouraged to refine the local Islamic financing system into a better platform in the future as an outcome of this research.en_US
dc.identifier.citationZAHARUDIN, Muhd Aiman Hakim; ABDULLAH, Muhammad Najib. The Consequences of Improper Sequence (Tartib) In Tawarruq Financing Contract. International Journal of Advanced Research in Economics and Finance, [S.l.], v. 4, n. 1, p. 157-165, may 2022. ISSN 2682-812X. Available at: <https://myjms.mohe.gov.my/index.php/ijaref/article/view/18096>en_US
dc.identifier.epage165
dc.identifier.issn2682-812X
dc.identifier.issue1
dc.identifier.spage157
dc.identifier.urihttps://myjms.mohe.gov.my/index.php/ijaref/article/view/18096
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/7522
dc.identifier.volume4
dc.language.isoen_USen_US
dc.publisherAsian Scholars Networken_US
dc.relation.ispartofInternational Journal of Advanced Research in Economics and Finance (IJAREF)en_US
dc.subjectTawarruq, Islamic Bank, Sequence, Islamic Financing, Shariah Contracten_US
dc.titleThe Consequences Of Improper Sequence (Tartib) In Tawarruq Financing Contracten_US
dc.typeArticleen_US
dspace.entity.typePublication

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