Publication: The Bay' al-'Inah Controversy in Malaysian Islamic Banking
| cris.lastimport.scopus | 2024-12-07T10:23:52Z | |
| cris.lastimport.wos | 2025-11-14T15:49:05Z | |
| dc.contributor.author | Shaharuddin, A | en_US |
| dc.date.accessioned | 2024-05-29T02:57:10Z | |
| dc.date.available | 2024-05-29T02:57:10Z | |
| dc.date.issued | 2012 | |
| dc.description | Indexed by SCOPUS/WOS | |
| dc.description.abstract | The current practice of Islamic banking in Malaysia has been criticised as insufficiently different from conventional banking. One of the foci of this criticism is the application of bay. al-'inah, sales contract with immediate repurchase, in creating a number of so-called Islamic financing products. The present article examines the classical jurists' assessment of the contract and then evaluates the justifications of the Malaysian National Shari'ah Advisory Committee (NSAC). As a case study, this article analyses the application of bay' al-'inah in inventing a credit card of Bank Islam Malaysia Berhad. Understanding the NSAC's justifications will help us comprehend their methodology and approach when approving other Islamic banking products in the country. | |
| dc.identifier.doi | 10.1163/15730255-12341245 | |
| dc.identifier.epage | 511 | |
| dc.identifier.issn | 0268-0556 | |
| dc.identifier.issue | 4 | |
| dc.identifier.scopus | WOS:000217468500005 | |
| dc.identifier.spage | 499 | |
| dc.identifier.uri | https://oarep.usim.edu.my/handle/123456789/11626 | |
| dc.identifier.volume | 26 | |
| dc.language | English | |
| dc.language.iso | en_US | |
| dc.publisher | Brill Academic Publishers | en_US |
| dc.relation.ispartof | Arab Law Quarterly | |
| dc.source | Web Of Science (ISI) | |
| dc.subject | bay' al-'inah | en_US |
| dc.subject | Islamic banking | en_US |
| dc.subject | credit card | en_US |
| dc.title | The Bay' al-'Inah Controversy in Malaysian Islamic Banking | |
| dc.type | text::journal::journal article | |
| dspace.entity.type | Publication |