Research Monograph : [4]

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Collection's Items (Sorted by Submit Date in Descending order): 1 to 4 of 4
  • item.jpg
  • Research Monograph


  • Authors: Saleem, Muhammad Yusuf; Abozaid, Abdulazeem (2013)

  • In Islam, a loan (qard) is considered a gratuitous contract, and providing a loan to a person in need is a recommended (mandub) act for which a lender is rewarded. The gratuitous nature of the loan contract is emphasised in various hadiths which also prohibit the lender from deriving any stipulated benefit from the loan he has provided. Loans that generate conditional benefit to the lender are considered usurious. The practice of usury (riba) is inextricably tied to the loan and debt where a lender charges the borrower an additional amount. The main focus of this research paper is to provide a critical discussion on the ruling that prohibits the lender from deriving conditional benefi...

  • item.jpg
  • Research Monograph


  • Authors: Abdul Razak, Shaikh Hamzah; Mikail, Said Adekunle; Bouheraoua, Said; Ahmad, Muhammad Ali Jinnah; Abdullah, Nurdianawati Irwani (2014)

  • The establishment of the Takaful and Insurance Benefits Protection System (TIPS) in Malaysia is a statutory requirement. TIPS aims to ensure financial stability, soundness and public confidence. Perbadanan Insurans Deposit Malaysia (PIDM), known internationally as the Malaysia Deposit Insurance Corporation, is the sole regulatory body entrusted with the mandate to regulate deposit insurance across the country. At the outset, its mandate was confined to banking institutions. Since 2010, however, PIDM’s role has been extended to include takaful and conventional insurance institutions. With regard to takaful, the operation of the Takaful Benefits Protection System (TBPS) and the relation...

  • item.jpg
  • Research Monograph


  • Authors: Lahsasna, Ahcene; Shayad, Faisal (2014)

  • In managing liquidity, conventional banks resort to investing in treasury bills, overdrafts, placements with the central bank or with other conventional banks in order to gain interest, even if the placement is only overnight. However, it is not possible for Islamic banks to use the same instruments because of the numerous Shari'ah violations in them. Furthermore, Islamic banks have alternative financial products that are derived from Islamic jurisprudence. They can use various contracts such as qard hasan (benevolent loan), mudarabah (profit sharing between a capital provider and an entrepreneur who contributes only his labor and expertise), murabahah (mark-up sale), or other Shari'a...

Collection's Items (Sorted by Submit Date in Descending order): 1 to 4 of 4

Research Monograph : [4]

Follow this collection to receive daily e-mail notification of new additions
Collection's Items (Sorted by Submit Date in Descending order): 1 to 4 of 4
  • item.jpg
  • Research Monograph


  • Authors: Saleem, Muhammad Yusuf; Abozaid, Abdulazeem (2013)

  • In Islam, a loan (qard) is considered a gratuitous contract, and providing a loan to a person in need is a recommended (mandub) act for which a lender is rewarded. The gratuitous nature of the loan contract is emphasised in various hadiths which also prohibit the lender from deriving any stipulated benefit from the loan he has provided. Loans that generate conditional benefit to the lender are considered usurious. The practice of usury (riba) is inextricably tied to the loan and debt where a lender charges the borrower an additional amount. The main focus of this research paper is to provide a critical discussion on the ruling that prohibits the lender from deriving conditional benefi...

  • item.jpg
  • Research Monograph


  • Authors: Abdul Razak, Shaikh Hamzah; Mikail, Said Adekunle; Bouheraoua, Said; Ahmad, Muhammad Ali Jinnah; Abdullah, Nurdianawati Irwani (2014)

  • The establishment of the Takaful and Insurance Benefits Protection System (TIPS) in Malaysia is a statutory requirement. TIPS aims to ensure financial stability, soundness and public confidence. Perbadanan Insurans Deposit Malaysia (PIDM), known internationally as the Malaysia Deposit Insurance Corporation, is the sole regulatory body entrusted with the mandate to regulate deposit insurance across the country. At the outset, its mandate was confined to banking institutions. Since 2010, however, PIDM’s role has been extended to include takaful and conventional insurance institutions. With regard to takaful, the operation of the Takaful Benefits Protection System (TBPS) and the relation...

  • item.jpg
  • Research Monograph


  • Authors: Lahsasna, Ahcene; Shayad, Faisal (2014)

  • In managing liquidity, conventional banks resort to investing in treasury bills, overdrafts, placements with the central bank or with other conventional banks in order to gain interest, even if the placement is only overnight. However, it is not possible for Islamic banks to use the same instruments because of the numerous Shari'ah violations in them. Furthermore, Islamic banks have alternative financial products that are derived from Islamic jurisprudence. They can use various contracts such as qard hasan (benevolent loan), mudarabah (profit sharing between a capital provider and an entrepreneur who contributes only his labor and expertise), murabahah (mark-up sale), or other Shari'a...

Collection's Items (Sorted by Submit Date in Descending order): 1 to 4 of 4