Compensation and Penalty Imposed on Debt Settlement of Islamic Products

As the conventional system has been established ever since, the concept of penalty plays an important role in the conventional system at least to secure the financiers from being manipulated by the financees. However, the classical Muslim jurists prohibited such a type of penalty to be imposed...

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Bibliographic Details
Main Authors: Mohammad Firdaus Mohammad Hatta, Siti Akmar Abu Samah
Format: Article
Language:Arabic
Published: Universiti Sultan Azlan Shah 2015-06-01
Series:Global Journal Al-Thaqafah
Subjects:
Online Access:http://www.gjat.my/gjat062015/7420150501.pdf