Publication:
Application of Ta'widh and Gharamah in Islamic Banking in Malaysia

dc.contributor.authorMuneeza, A.en_US
dc.contributor.authorZainudin, N. A.en_US
dc.contributor.authorAli, R.en_US
dc.contributor.authorIbrahim, S. N.en_US
dc.contributor.authorMustapha, Z.en_US
dc.date.accessioned2024-05-29T08:22:36Z
dc.date.available2024-05-29T08:22:36Z
dc.date.issued2019
dc.description.abstractThe objective of this paper is to explore the practical application of ta’widh and gharamah in Islamic banking in Malaysia with reference to the guidelines that are applicable to date; and find out the issues detected in the implementation of them. In the course of doing this, Shariah reasons for imposing ta’widh and gharamah in Islamic banking are discussed. Also, whether ta’widh and gharamah would be required for Islamic banking with reference to possible alternatives to them is also discussed. This qualitative study primarily focuses on library research and adopts case study approach for analyzing the application of ta’widh and gharamah. The jurisdiction of the study is Malaysia because the central bank of the country has made policies on the matter. The paper draws on observations made by Shariah scholars about the policies on the subject matter. This study gives an insight into the history and issues related to ta’widh and gharamah which are often kept tacit. It is recommended that future studies should look into the effectiveness of these two approaches to serve as a deterrent factor and contribute to the declining rate of non-performing financing in Islamic banks.en_US
dc.identifier.doihttp://doi.org/10.33102/jmifr.v16i1.205
dc.identifier.epage16
dc.identifier.issn1823-075X
dc.identifier.issue1
dc.identifier.spage1
dc.identifier.urihttp://jmifr.usim.edu.my/index.php/jmifr/article/view/205
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/14675
dc.identifier.volume16
dc.languageEnglish
dc.language.isoen_USen_US
dc.publisherUniversiti Sains Islam Malaysiaen_US
dc.relation.ispartofThe Journal of Muamalat and Islamic Finance Researchen_US
dc.sourceOpen Journal Systems
dc.subjectGharamahen_US
dc.subjectIslamic bankingen_US
dc.subjectPenaltyen_US
dc.subjectTa'widhen_US
dc.titleApplication of Ta'widh and Gharamah in Islamic Banking in Malaysiaen_US
dc.typeArticleen_US
dspace.entity.typePublication

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