Publication:
The Analysis of Gharar Existence inThe Implementation of Tawarruq Personal Financing

Simple item page
dc.contributor.authorThaidi, HAAen_US
dc.contributor.authorAb Rahman, MFen_US
dc.contributor.authorAb Rahman, Aen_US
dc.date.accessioned2024-05-29T03:25:27Z
dc.date.available2024-05-29T03:25:27Z
dc.date.issued2014
dc.description.abstractTawarruq personal financing is one of the most profitable Islamic finance products to Islamic financial institutions. However, it has been pointed out that its implementation triggered some controversial issues which related to the prohibition of gharar (ambiguity). This problem is getting bigger because there is no specific guideline prepared by the Central Bank of Malaysia (BNM) for the sake of proper tawarruq implementation. Hence, the objective of this research is to evaluate the existence of gharar in the tawarruq personal financing. This qualitative research adopts library method and observation method. The primary data is gained through the method of interviews with three selected respondents from Bank Islam Malaysia Berhad (BIMB). This research discovered that the gharar is existed in the implementation of tawarruq personal financing. This research concluded that its existence is permissible based on gharar yasir principles. The clarification in this research will retrieve the skeptical towards Islamic banking products and boost its productions. Nevertheless, it is recommended that this kind of research could be extended to explore on the other Islamic financing concepts such as musharakah, ijarah and al-rahnu to be implemented as personal financing instruments.
dc.identifier.epage95
dc.identifier.issn2232-0474
dc.identifier.issue1
dc.identifier.scopusWOS:000435238400008
dc.identifier.spage83
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/11964
dc.identifier.volume4
dc.languageMalay
dc.publisherUniv Sultan Azlan Shahen_US
dc.relation.ispartofGlobal Journal Al-Thaqafah
dc.sourceWeb Of Science (ISI)
dc.subjectPersonal financingen_US
dc.subjecttawarruqen_US
dc.subjectghararen_US
dc.subjectambiguityen_US
dc.subjectIslamic bankingen_US
dc.titleThe Analysis of Gharar Existence inThe Implementation of Tawarruq Personal Financing
dc.typeArticleen_US
dspace.entity.typePublication

Files

Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
The Analysis of Gharar Existence inThe Implementation of Tawarruq Personal Financing.pdf
Size:
336.58 KB
Format:
Adobe Portable Document Format
Download

Collections

Web of Science_WoS