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Shariah issues in intangible assets

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dc.contributor.authorShamsiah Mohamad
dc.contributor.authorSyahida Abdullah
dc.contributor.authorSaid Bouheraoua
dc.contributor.authorNoor Suhaida Kasri
dc.date.accessioned2021-10-26T08:12:17Z
dc.date.available2021-10-26T08:12:17Z
dc.date.issued2015
dc.description.abstractIntangible assets are regarded as one of the most important asset classes for financial institutions, and their importance and consideration is rapidly increasing. There are existing, well established conventional standards on intangible assets (IA); however the Shariah standard on IA is discussed rather minimally. Thus, this paper attempts to discuss the vital issues related to intangible assets: recognition and measurement, financing and trading, and zakah, which represents a grey area for the Islamic finance industry. The research employs critical analysis. It aims to provide clarification on the concept of intangible assets from the point of view of the Shariah as well as an analysis of pertinent Shariah issues on IA. This research explores the following: (i) there is an issue of gharar in the identification and determination of IA due to non-existence of any physical substance and due to future benefit being a probabilistic matter; (ii) it is generally permissible to finance and trade IA and (iii) zakah is obligatory on IA if the intention is to trade them either at sale price if they are sold or at market price if they are owned by a trader.en_US
dc.identifier.citationBouheraoua, Said and Mohamad, Shamsiah and Kasri, Noor Suhaida and Abdullah, Syahida. (2015). Shariah issues in intangible assets. Shariah Journal, 23 (2), pp. 287-324.en_US
dc.identifier.doihttps://doi.org/10.22452/https://doi.org/10.22452/js.vol23no2.5
dc.identifier.issn0127-1237 (eISSN)
dc.identifier.urihttps://ikr.inceif.org/handle/INCEIF/3457
dc.languageEnglish
dc.language.isoenen_US
dc.publisherAcademy of Islamic Studies, University of Malayaen_US
dc.rights2015. Academy of Islamic Studies, University of Malaya
dc.sourceSEDONA
dc.subjectIntangible assetsen_US
dc.subjectShariahen_US
dc.subjectRecognition and measurementen_US
dc.subjectIslamic financeen_US
dc.subjectZakahen_US
dc.titleShariah issues in intangible assetsen_US
dc.typeJournal Articleen_US
dlc.maintopicFiqh muamalaten_US
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.topic.maintopicFiqh muamalaten_US
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