Financing products are the most suggestive and thus important determinants and contribute
a lot toward the survival or otherwise of Islamic financing institution. Of note, the …

Purpose–The purpose of this paper is to highlight the possibility of structuring an Islamic
option which includes an element of risk sharing as opposed to risk transfer …

Purpose This paper aims to develop a Sharīʿah framework for using ḥiyal in Islamic
finance. Ḥīlah (singular of ḥiyal) is an Islamic juristic term which refers to the application of …

Purpose This study aims to analyse the Shariah issues in the implementation of tawarruq
contract in the Islamic profit rate swap (IPRS) instrument in Malaysia. Design/methodology …

Islamic banking has crossed the milestone of forty years since the Dubai Islamic Bank and
the Islamic Development Bank were established in 1975. Islamic banking windows …

Purpose–The study aims to consider wa'dan-based products in Islamic banks in Malaysia
and discuss the validity of wa'dan in those products from the perspective of Shari'ah …

Purpose: The aim of this study is to systematically review the existing literature on the
application of Hiyal (legal stratagems) in Islamic finance. The article visualizes the linkages …

This article discusses the Syari 'ah rulings for muwā 'adah and wa 'dān by reviewing the
views of classical and contemporary scholars. It argues that muwā 'adah which is a mutual …

Islamic finance has grown tremendously since it first emerged in 1970's. Malaysia's Islamic
finance industry has been in existence for over 40 years. This research aims for knowing the …

Islamic Finance has always been condemned by some of the influential advocates of
interest based economies as a backward looking, less considerate and Shariah driven …