An abstract is written in Arabic.

This research is essentially intended to explore relevant Shari'ah principles that may underlie imposition of fees and charges in various lslamic banking products and services (IBPS). It also aims at constructing a Shari'ah parameter for imposition of fees and charges in IBPS. This is a library research in which data has been collected from various materials such as classical fiqh books, regulators' policy guidelines and journal articles. In addition, deductive and inductive rnethods have also been employed to analyze the data critically in search for conclusive findings. The expected outcomes of this research may be in the form of a Shari'ah-compliant guide for practitioners and industry players in relation to the imposition of fees and charges in various products and services under different banking portfolios.

An abstract is written in Arabic.

The rahn-based Islamic microcredit facility is currently popular among Islamic financial institutions in Malaysia, essentially because of its commercial features, which make it attractive and competitive with conventional pawnbroking. However, the substance of this product triggers some Shari`ah issues, which are mainly centred on the safekeeping fee the bank charges the customer under the principle of ijarah al-hifz (safekeeping fee) and wadi`ah yad al-damanah (guaranteed safe custody). This paper is primarily intended to examine the key Shari`ah issues associated with the structure that is widely accepted at present. It undertakes a case study of two selected Islamic banks that offer a rahn-based Islamic microcredit facility to their clients. The product manual of each bank has been examined to understand the structure flow of the product, payment of the safekeeping fee and other relevant operational aspects of the product. Interviews have also been conducted to gather data related to the operation of this product that was not available in the product manuals of the two selected Islamic banks. It is proposed that the alternative structure must comply with the Shari`ah and meets most of the distinctive commercial features of the rahn-based Islamic microcredit facility to maintain its commercial viability in the industry.

A bank is a financial intermediary that generates income from its fund-based and fee-based products and services. As for the former, the bank has to share the profits with parties from whom it sources funds such as depositors and shareholders to provide financing facilities for its customers. Unlike its fund-based products and services, the bank can recognise any profit generated from its fee-based products and services solely as its own income without having to share it with other parties as it does not utilise others' money in offering such products and services.

This study aims to examine the scholars' views on the legality of bilateral rebate in Islamic financial transactions. It also aims to evaluate the contemporary application of bilateral rebate in Islamic banking operation as an alternative to the conventional mechanism in handling the events of early settlement of debt, early termination of debt facility and early withdrawal of term deposit. The study used deductive and inductive methods to analyze the juristic literature of all the major schools of law on the legality of both bilateral and unilateral rebate in a financial transaction. The study found bilateral rebate (ibra' mutabadal), instead of unilateral rebate, to be the best and fairest Islamic mechanism to overcome injustice in several events that may impact the bank's liquidity such as that of early settlement of debt facility and early withdrawal of term deposit in the sense that the interest (maslahah) of both transacting parties is equally secured.

A summary of some Q2 2015 sukuk issuances are presented along with ISRA's views on the sukuk tradability, transaction flow and shariah compliance. The following sukuk are reviewed from Hong Kong Sukuk 2015 Ltd, Jambatan Kedua Sdn Bhd, Garuda Indonesia Global Sukuk Limited, Noor Sukuk Company Ltd, and Perusahaan Penerbit SBSN Indonesia III.

Kajian ini bertujuan untuk melihat hubungan budaya organisasi dan nilai Islam terhadap amalan etika kerja Islam (EKI) di kalangan penjawat awam di dalam organisasi Islamik. Secara khususnya pula, kajian ini akan memfokuskan kepada ciri-ciri yang ada di dalam teori budaya organisasi Hofstede dan nilai-nilai Islam yang ada di dalam ayat Al-Quran dan seterusnya menganalisis arah dan hubungan yang wujud di antara nilai budaya, nilai Islam terhadap amalan EKI. Kajian ini telah mengemukakan beberapa persoalan kajian iaitu apakah arah dan kekuatan hubungan nilai budaya terhadap amalan EKI dalam organisasi, apakah arah dan kekuatan hubungan nilai Islam terhadap amalan EKI dalam organisasi, bagaimanakah nilai budaya mempengaruhi amalan EKI di dalam organisasi dan bagaimanakah nilai Islam mempengaruhi terhadap amalan EKI dalam organisasi. Kajian dilaksanakan di kalangan penjawat beragama Islam di Wilayah Persekutuan Kuala Lumpur dan Putrajaya yang berkhidmat di agensi Islamik. Analisis statistik inferensi dilakukan di dalam kajian ini untuk melihat perhubungan yang wujud antara pemboleh ubah bebas dengan pemboleh ubah bersandar. Ujian korelasi Pearson dan regresi berganda digunakan untuk melihat hubungan dan arah yang wujud. Pemboleh ubah bebas dalam kajian ini adalah nilai budaya dari enam ciri budaya Hofstede dan nilai Islam di dalam al-Quran dengan melihat kepada pengaruh terhadap tingkahlaku kepada organisasi dan pelanggan di kalangan responden. Pemboleh ubah bersandar di dalam kajian ini pula adalah amalan etika kerja Islam. Kajian ini akan melihat sejauhmana kesedaran responden terhadap elemen nilai budaya yang wujud di dalam organisasi dan di dalam persekitaran kehidupan dan juga melihat kepercayaan kepentingan nilai Islam dalam melaksanakan tugas di dalam organisasi dengan memberi fokus kepada hubungan terhadap organisasi dan pelanggan. Kajian ini membuktikan bahawa amalan EKI dipengaruhi secara signifikan dan keseluruhannya berhubungan secara positif dengan pemboleh ubah kajian. Dapatan kajian ini sedikit sebanyakakan membantu organisasi untuk mengenalpasti mekanisma dalam usaha untuk meningkatkan amalan EKI di dalam organisasi.

The rahn-based Islamic microcredit product is an increasingly popular financing option among small entrepreneurs, lower income groups and gold traders. However, its Shari'ah structure has been sharply criticised by some Islamic scholars despite its success for those who offer it such as Islamic banks and Islamic pawnshops. Hence, it is undeniable that there are some debatable Shari'ah issues that need further examination and immediate solution. This situation is most likely a result of using the contract of rahn (pledge) in an income-generating product, which obviously contravenes the fundamental purpose of rahn. In fact, rahn is merely a security contract ('aqd al-tawthiq) that serves as a legitimate guaranty of debt, whether the debt arises from loan contracts (qard) or deferred contracts of exchange (bay' mu'ajjal).

A summary of some Q3 2014 sukuk issuances are presented along with ISRA's views on the sukuk tradability, transaction flow and shariah compliance. The following sukuk are reviewed from Bumi Armada Capital Sdn Bhd, Bumitama Agri Ltd, Hong Kong Sukuk 2014 Limited, Perusahaan Penerbit SBSN Indonesia III, and Perbadanan Tabung Pendidikan Tinggi Nasional.

The issue of wadi'ah and ujrah has long been discussed by scholars in the past by dividing them into two different types of contracts, namely mu'awadat and tabarru'at. They agreed that these two contracts have different characteristics, where mu'awadat is to generate profit while tabarru'at is a purely charitable contract. Thus, this article aimed to review why this combination is a non-shari'ah compliant and therefore, a replacement with another shari'ah structure becomes an essential. This study uses qualitative approach where interviews and content analysis are conducted and several books of fiqh from the four schools of thought are examined. The frequency of words by using some identified terms such as wadi'ah, rahn, ujrah, mu'awadat and tabarru'at are determined and coded to form the tendency of fiqh views whether it support the objective or against it. The study shows that modern scholars have a tendency of shared similar views and they found these two covenants (wadi'ah and ujrah) have been mixed in the same product namely ar-rahnu and this has raised the issue of shariah. They argued the safekeeping of collateral is applied based on the principle of wadi'ah where they impose a fee for the service that is rendered. This kind of fee is charged under the principle of ujrah. However, this connection gives rise to the indirect implications of bay' wa salaf and qard jarra manfa'ah, that are prohibited in shari'ah. Therefore, the tawarruq is so much better option to replace the wadiah-ujrah principles.