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Islamic Financial Intermediation in Kuwait Finance House Malaysia: A Fiqh Maqasid Study

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dc.contributor.authorKhaled Mohamed Abdullahen_US
dc.contributor.authorAhmad Wifaq Mokhtaren_US
dc.date.accessioned2024-05-30T02:21:46Z
dc.date.available2024-05-30T02:21:46Z
dc.date.issued2014
dc.description.abstractThis article aims to study the financial intermediation in Islamic banks, in term of the degree of extent and achievement according to Islamic rules and Maqasid of Shariah. The objectives of this study has been done theoretically and practically through the study of some applications on the light of Maqasid. This study shows that the financial intermediation achieving the Magasid of Shariah without contradiction if it is applied correctly. Practically, this study was applied on the Kuwait Finance House Malaysia. Results show that Islamic intermediation implementing the Maqasid of Shariah in some aspects, however the study also highlights that the practice of some types of fictitious contracts like Tawaruq, Mudarabah with Tawaruq, lease and sublease, seem to contradict the Islamic rules of the Shariah and its Maqasid. This study recommends the avoidance of fictitious contracts, and to replace them with direct investment according to the comprehensive Islamic banking model of the Islamic banking system.en_US
dc.identifier.epage204
dc.identifier.issn1675-5936
dc.identifier.spage176
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/15846
dc.identifier.volume12
dc.language.isootheren_US
dc.publisherUniversiti Sains Islam Malaysiaen_US
dc.relation.ispartofULUM ISLAMIYYAH: Malaysian Journal of Islamic Sciencesen_US
dc.subjectIslamic banking, Islamic financial intermediation, fiqh maqasid, Islamic financeen_US
dc.titleIslamic Financial Intermediation in Kuwait Finance House Malaysia: A Fiqh Maqasid Studyen_US
dc.title.alternativeالوساطة المالية الإسلامية في بيت التمويل الكويتي ماليزيا:دراسة فقهية مقاصديةen_US
dc.typeArticleen_US
dspace.entity.typePublication

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