A few methods in charging fees for kafalah bank guarantee-i among Islamic banks in Malaysia

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A few methods in charging fees for kafalah bank guarantee-i among Islamic banks in Malaysia

Kafalah (guarantee) is generally considered as a tabarru' (gratuitous gift) act, and the majority of past Muslim jurists held the opinion that imposing ujrah (fee) on Kafalah is not allowed; however some contemporary jurists have allowed it. Islamic banks in Malaysia offer Bank Guarantee-i (BG-...

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Bibliographic Details
Main Authors:	Syed Alwi, Sharifah Faigah, Ibrahim, Uzaimah, Md. Sawari, Mohd. Fuad
Format:	Article
Language:	English English
Published:	International Shari'ah Research Academy for Islamic Finance (ISRA) 2014
Subjects:	BP140 Islamic law (Fiqh) HG Finance HG1501 Banking
Online Access:	http://irep.iium.edu.my/40186/ http://irep.iium.edu.my/40186/1/Kafalah_Bank_Guarantee-i.pdf http://irep.iium.edu.my/40186/4/Kafalah_Bank_Guarantee-i.unlocked.pdf

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