Modern applications of hibah in the light of shari'ah objectives of gift and donation contracts (al-tabarru'at)

After presenting the Sharīʿah objectives of both tabarruʿāt and hibah briefly, this paper looks at the applications of hibah as a “supporting Sharīʿah concept” in four contracts proposed to the Shariah Advisory Council of Bank Negara Malaysia (SAC). The four contracts are (1) Interbank Mudarabah Inv...

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Main Author:	Ali, Mohammed Farid
Format:	Article
Language:	English
Published:	Center for Islamic Sciences 2015
Subjects:	BL Religion HG Finance HV Social pathology. Social and public welfare KBP Islamic Law
Online Access:	http://irep.iium.edu.my/44234/ http://irep.iium.edu.my/44234/ http://irep.iium.edu.my/44234/1/JIS-13-1-Hiba-fff.pdf

id	iium-44234
recordtype	eprints
spelling	iium-442342017-11-03T00:15:24Z http://irep.iium.edu.my/44234/ Modern applications of hibah in the light of shari'ah objectives of gift and donation contracts (al-tabarru'at) Ali, Mohammed Farid BL Religion HG Finance HV Social pathology. Social and public welfare KBP Islamic Law After presenting the Sharīʿah objectives of both tabarruʿāt and hibah briefly, this paper looks at the applications of hibah as a “supporting Sharīʿah concept” in four contracts proposed to the Shariah Advisory Council of Bank Negara Malaysia (SAC). The four contracts are (1) Interbank Mudarabah Investment Contract, (2) al-Ijarah thumma-l-Bayʿ Contract, (3) Wadiʿah Contract, and (4) Qarḍ Contract. Do these modern applications of hibah realize the maqāṣid of al-tabarruʿāt and hibah? Beside positive maqāṣid, the paper also looks into instances in which hibah is utilized to serve purposes which are negative in nature such as ribāʾ and bribery (rishwah). Based on the maqasidic approach to tabarruʿāt and hibah, the paper recommends terms and conditions when combining hibah with other transactions and contracts. These conditions will seek to overcome the violation of the original maqāṣid of the hibah and tabarruʿāt. Center for Islamic Sciences 2015-08 Article PeerReviewed application/pdf en http://irep.iium.edu.my/44234/1/JIS-13-1-Hiba-fff.pdf Ali, Mohammed Farid (2015) Modern applications of hibah in the light of shari'ah objectives of gift and donation contracts (al-tabarru'at). Islamic Sciences , 13 (1). pp. 27-42. ISSN 1929-9443 http://www.cis-ca.org/islamscience1.php
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	BL Religion HG Finance HV Social pathology. Social and public welfare KBP Islamic Law
spellingShingle	BL Religion HG Finance HV Social pathology. Social and public welfare KBP Islamic Law Ali, Mohammed Farid Modern applications of hibah in the light of shari'ah objectives of gift and donation contracts (al-tabarru'at)
description	After presenting the Sharīʿah objectives of both tabarruʿāt and hibah briefly, this paper looks at the applications of hibah as a “supporting Sharīʿah concept” in four contracts proposed to the Shariah Advisory Council of Bank Negara Malaysia (SAC). The four contracts are (1) Interbank Mudarabah Investment Contract, (2) al-Ijarah thumma-l-Bayʿ Contract, (3) Wadiʿah Contract, and (4) Qarḍ Contract. Do these modern applications of hibah realize the maqāṣid of al-tabarruʿāt and hibah? Beside positive maqāṣid, the paper also looks into instances in which hibah is utilized to serve purposes which are negative in nature such as ribāʾ and bribery (rishwah). Based on the maqasidic approach to tabarruʿāt and hibah, the paper recommends terms and conditions when combining hibah with other transactions and contracts. These conditions will seek to overcome the violation of the original maqāṣid of the hibah and tabarruʿāt.
format	Article
author	Ali, Mohammed Farid
author_facet	Ali, Mohammed Farid
author_sort	Ali, Mohammed Farid
title	Modern applications of hibah in the light of shari'ah objectives of gift and donation contracts (al-tabarru'at)
title_short	Modern applications of hibah in the light of shari'ah objectives of gift and donation contracts (al-tabarru'at)
title_full	Modern applications of hibah in the light of shari'ah objectives of gift and donation contracts (al-tabarru'at)
title_fullStr	Modern applications of hibah in the light of shari'ah objectives of gift and donation contracts (al-tabarru'at)
title_full_unstemmed	Modern applications of hibah in the light of shari'ah objectives of gift and donation contracts (al-tabarru'at)
title_sort	modern applications of hibah in the light of shari'ah objectives of gift and donation contracts (al-tabarru'at)
publisher	Center for Islamic Sciences
publishDate	2015
url	http://irep.iium.edu.my/44234/ http://irep.iium.edu.my/44234/ http://irep.iium.edu.my/44234/1/JIS-13-1-Hiba-fff.pdf
first_indexed	2023-09-18T21:02:54Z
last_indexed	2023-09-18T21:02:54Z
_version_	1777410742184574976

Modern applications of hibah in the light of shari'ah objectives of gift and donation contracts (al-tabarru'at)

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