The practices of Islamic finance in upholding the Islamic values and the Maqasid Shariah
This paper aims to analyse the views of Shariah scholars regarding Islamic values and objectives of Shariah (Maqasid Shariah) and to examine whether they are implemented in the construction of Islamic finance products.This paper employs written and face-to-face interviews using open-ended questionna...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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IRMBR
2015
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| Online Access: | https://repo.uum.edu.my/id/eprint/15386/1/1429167462.pdf |
| _version_ | 1825803527822245888 |
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| author | Isa, Mohammad Yazid Mohamed Naim, Asmadi Hamid, Mohd Liki |
| author_facet | Isa, Mohammad Yazid Mohamed Naim, Asmadi Hamid, Mohd Liki |
| author_sort | Isa, Mohammad Yazid |
| collection | UUM |
| description | This paper aims to analyse the views of Shariah scholars regarding Islamic values and objectives of Shariah (Maqasid Shariah) and to examine whether they are implemented in the construction of Islamic finance products.This paper employs written and face-to-face interviews using open-ended questionnaires to study the understanding of our respondents on the discussed matters. Questionnaires were distributed to
several respondents from various Islamic financial institutions and universities in Malaysia. This study found that our respondents agreed on the importance of fairness, transparency and Maqasid Shariah in Islamic finance. However with respect to current Islamic finance practices, they opined that some banks did not uphold these values in their products and operations. |
| first_indexed | 2024-07-04T05:58:34Z |
| format | Article |
| id | uum-15386 |
| institution | Universiti Utara Malaysia |
| language | English |
| last_indexed | 2024-07-04T05:58:34Z |
| publishDate | 2015 |
| publisher | IRMBR |
| record_format | eprints |
| spelling | uum-153862016-04-14T04:12:53Z https://repo.uum.edu.my/id/eprint/15386/ The practices of Islamic finance in upholding the Islamic values and the Maqasid Shariah Isa, Mohammad Yazid Mohamed Naim, Asmadi Hamid, Mohd Liki BP Islam. Bahaism. Theosophy, etc HG Finance This paper aims to analyse the views of Shariah scholars regarding Islamic values and objectives of Shariah (Maqasid Shariah) and to examine whether they are implemented in the construction of Islamic finance products.This paper employs written and face-to-face interviews using open-ended questionnaires to study the understanding of our respondents on the discussed matters. Questionnaires were distributed to several respondents from various Islamic financial institutions and universities in Malaysia. This study found that our respondents agreed on the importance of fairness, transparency and Maqasid Shariah in Islamic finance. However with respect to current Islamic finance practices, they opined that some banks did not uphold these values in their products and operations. IRMBR 2015-03 Article PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/15386/1/1429167462.pdf Isa, Mohammad Yazid and Mohamed Naim, Asmadi and Hamid, Mohd Liki (2015) The practices of Islamic finance in upholding the Islamic values and the Maqasid Shariah. International Review of Management and Business Research, 4 (1). pp. 286-294. ISSN 2306-9007 http://www.irmbrjournal.com/archives2.php?vol=4&iss=1&yea=2015&ver=3 |
| spellingShingle | BP Islam. Bahaism. Theosophy, etc HG Finance Isa, Mohammad Yazid Mohamed Naim, Asmadi Hamid, Mohd Liki The practices of Islamic finance in upholding the Islamic values and the Maqasid Shariah |
| title | The practices of Islamic finance in upholding the Islamic values and the Maqasid Shariah |
| title_full | The practices of Islamic finance in upholding the Islamic values and the Maqasid Shariah |
| title_fullStr | The practices of Islamic finance in upholding the Islamic values and the Maqasid Shariah |
| title_full_unstemmed | The practices of Islamic finance in upholding the Islamic values and the Maqasid Shariah |
| title_short | The practices of Islamic finance in upholding the Islamic values and the Maqasid Shariah |
| title_sort | practices of islamic finance in upholding the islamic values and the maqasid shariah |
| topic | BP Islam. Bahaism. Theosophy, etc HG Finance |
| url | https://repo.uum.edu.my/id/eprint/15386/1/1429167462.pdf |
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