Organised Tawarruq in Islamic Law
The renowned Muslim economist Prof. Nejatullah Siddiqi lists the harmful effects of tawarruq. He also dictates that the approval of tawarruq may benefit individuals. However, if this is practised on a large scale, it would result in the proliferation of debt in the society, which would bring macroec...
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| Format: | Article |
| Language: | English |
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Red Money
2011
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| Online Access: | http://irep.iium.edu.my/15661/ http://irep.iium.edu.my/15661/ http://irep.iium.edu.my/15661/1/Organized_Tawarruq_in_Islamic_law.pdf |
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iium-15661 |
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eprints |
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iium-156612012-08-25T03:13:07Z http://irep.iium.edu.my/15661/ Organised Tawarruq in Islamic Law Abdul Rahman, Zaharuddin KBP1 Islamic law.Shariah.Fiqh The renowned Muslim economist Prof. Nejatullah Siddiqi lists the harmful effects of tawarruq. He also dictates that the approval of tawarruq may benefit individuals. However, if this is practised on a large scale, it would result in the proliferation of debt in the society, which would bring macroeconomic instability.Thus, before deciding on the Sharīʿah compliance of such a product, the Sharīʿah Advisory Board of any Islamic financial institution must take into account the macroeconomic consequences of approving the product. This article screen through the claims by providing different view especially from Fiqhi perspectives. Red Money 2011-10-26 Article NonPeerReviewed application/pdf en http://irep.iium.edu.my/15661/1/Organized_Tawarruq_in_Islamic_law.pdf Abdul Rahman, Zaharuddin (2011) Organised Tawarruq in Islamic Law. Islamic Finance News, 8 (42). pp. 23-24. ISSN 0891-060X http://www.islamicfinancenews.com/listing_article_ID1.asp?nm_id=24206&searchid=7751 |
| repository_type |
Digital Repository |
| institution_category |
Local University |
| institution |
International Islamic University Malaysia |
| building |
IIUM Repository |
| collection |
Online Access |
| language |
English |
| topic |
KBP1 Islamic law.Shariah.Fiqh |
| spellingShingle |
KBP1 Islamic law.Shariah.Fiqh Abdul Rahman, Zaharuddin Organised Tawarruq in Islamic Law |
| description |
The renowned Muslim economist Prof. Nejatullah Siddiqi lists the harmful effects of tawarruq. He also dictates that the approval of tawarruq may benefit individuals. However, if this is practised on a large scale, it would result in the proliferation of debt in the society, which would bring macroeconomic instability.Thus, before deciding on the Sharīʿah compliance of such a product, the Sharīʿah Advisory Board of any Islamic financial institution must take into account the macroeconomic consequences of approving the product. This article screen through the claims by providing different view especially from Fiqhi perspectives.
|
| format |
Article |
| author |
Abdul Rahman, Zaharuddin |
| author_facet |
Abdul Rahman, Zaharuddin |
| author_sort |
Abdul Rahman, Zaharuddin |
| title |
Organised Tawarruq in Islamic Law |
| title_short |
Organised Tawarruq in Islamic Law |
| title_full |
Organised Tawarruq in Islamic Law |
| title_fullStr |
Organised Tawarruq in Islamic Law |
| title_full_unstemmed |
Organised Tawarruq in Islamic Law |
| title_sort |
organised tawarruq in islamic law |
| publisher |
Red Money |
| publishDate |
2011 |
| url |
http://irep.iium.edu.my/15661/ http://irep.iium.edu.my/15661/ http://irep.iium.edu.my/15661/1/Organized_Tawarruq_in_Islamic_law.pdf |
| first_indexed |
2023-09-18T20:24:33Z |
| last_indexed |
2023-09-18T20:24:33Z |
| _version_ |
1777408329854746624 |