Hiyal in Islamic finance: a recognition of genuine economic need or circumvention of Riba?

QR Code

Hiyal in Islamic finance: a recognition of genuine economic need or circumvention of Riba?

(singular of � hiyal) is an Islamic juristic term which refers to the application of acumen and ingenuity to avoid hardship in one’s commitment to Islamic rulings. It has been used as a legal device in Islamic jurisprudence to actualize a legitimate objective. Particularly, it plays a significant...

Full description

Bibliographic Details
Main Authors:	Syed, Ehsanullah Agha, Omar Mohamad, Mustafa
Format:	Article
Language:	English English
Published:	Emerald Group Publishing Ltd. 2017
Subjects:	HG Finance HG3368 Islamic Banking and Finance
Online Access:	http://irep.iium.edu.my/62913/ http://irep.iium.edu.my/62913/1/62913_Hiyal%20in%20Islamic%20finance%20a%20recognition%20of%20genuine%20economic_article http://irep.iium.edu.my/62913/2/62913_Hiyal%20in%20Islamic%20finance%20a%20recognition%20of%20genuine%20economic_scopus.pdf

Similar Items

Impact of Time Value of Money Theory in Ijarah Sukuk Genuineness; the Case of Bahrain and Malaysia
by: Sharif, Abdul Rahman, et al.
Published: (2018)

Does an Islamic finance industry need a unification of standards? A qualitative discussion
by: Mohamad, Azhar, et al.
Published: (2017)

The Institute of Islamic Banking and Finance advancing Islamic finance industry worldwide
by: Mydin Meera, Ahamed Kameel, et al.
Published: (2019)

Exploring multi-domains of Islamic finance education curriculum
by: Syed Jaafar Alhabshi, Syed Musa
Published: (2017)

The foundation of social finance: what can Islamic finance and Islamic social finance learn?
by: Azrai Azaimi Ambrose, Azniza Hartini
Published: (2019)

Islamic social finance and the imperative for social impact measurement
by: Syed Azman, Syed Marwan Mujahid, et al.
Published: (2019)

Adoption of musharakah financing model for the long term development of Small and Medium Sized Enterprises (SMES)
by: Abd Rahman, Nur Hasnida, et al.
Published: (2017)

Adoption of musharakah financing model for long term development of small medium sized enterprises (SMES)
by: Abd. Rahman, Nur Hasnida, et al.
Published: (2017)

Direct and indirect costs in Islamic finance – opportunities for research
by: Mustaffa Kamil, Nazrol Kamil
Published: (2019)

Peer-to-peer financing in Islamic finance: an analysis of the musharakah model of Islamic fintech for SMEs financing in the state of Qatar
by: Adam Sa'ad, Auwal
Published: (2018)

Contents contibutors in Global Islamic Finance Report (GIFR) 2019
by: Adam Sa'ad, Auwal
Published: (2019)

Receptiveness of Islamic home financing among Malaysians : a revisit
by: Muhammad Sayuti, Khadijah, et al.
Published: (2020)

Dynamism and mechanism of digital currency (cryptocurrency) towards Islamic finance
by: Chowdhury, Mohammad Abdul Matin, et al.
Published: (2019)

The Potential of Innovative Financial Tools: Social Impact Bond (SIB) and Sustainable and Responsible Investment (SRI) sukuk, Towards The Sustainable Growth of The Islamic Finance Industry
by: Syed Azman, Syed Marwan Mujahid, et al.
Published: (2016)

Qualitative validation of a financially affordable Islamic home financing model
by: Md Zabri, Mohd Zaidi, et al.
Published: (2018)

Issues and challenges in financing the poor : Lessons learned from Islamic microfinance institutions
by: Kassim, Salina, et al.
Published: (2019)

Influence of economic freedom and its subcomponents on risk-taking behavior Evidence from dual banking system of Malaysia
by: Harkati, Rafik, et al.
Published: (2020)

Potential application of Istisna’ financing in Malaysia
by: Hasmawati, Anisza, et al.
Published: (2019)

Managing an alternative social financing for entrepreneurs
by: Ahmad Kamely, Aimadhuddin, et al.
Published: (2019)

How serious are Islamic banks in offering green financing?: an exploratory study on Bangladesh banking sector
by: Julia, Taslima, et al.
Published: (2019)

Financing and developing the agricultural sector through cash waqf: an analysis of cash waqf using the mudarabah approach
by: Jaiyeoba, Haruna Babatunde, et al.
Published: (2015)

Issues in reporting of Ijarah financing in financial statements
by: Ahmed, Mezbah Uddin, et al.
Published: (2019)

Why Islamic banks are reluctant to offer musharakah mutanaqisah for home financing: the case of Maybank Islamic and Affin Islamic Bank
by: M A Zaaba, Nurul Iffah, et al.
Published: (2019)

Settlement of Islamic finance disputes in the United Arab Emirates
by: Mohd. Zain, Nor Razinah, et al.
Published: (2019)

Islamic and conventional behavioural finance: A critical analysis
by: Musse, Osman Sayid Hassan, et al.
Published: (2015)

Emerging issues in Islamic finance law and practice in Malaysia
Published: (2019)

Enhancing financial inclusion in Nigeria: the role of Islamic finance
by: Abdullahi, Abdurrahman, et al.
Published: (2020)

Shari’ah advisors’ opinions on the need of shari’ah governance framework for Islamic capital market In Malaysia
by: Hassan, Rusni, et al.
Published: (2017)

Ethics in Islamic finance: Qur'anic guide & consumer perfection
by: Sumairi, Nor Sazwana, et al.
Published: (2017)

Factors that determine customers acceptance of Ar Rahn financing in Selangor
by: Abdul Razak, Dzuljastri, et al.
Published: (2018)

Factors that determine customers acceptance of Ar Rahn financing in Selangor
by: Abdul Razak, Dzuljastri, et al.
Published: (2018)

Predicting rental yield for the benchmark pricing of equity home financing
by: Redzuan, Nur Harena, et al.
Published: (2019)

Islamic Fintech for international trade finance with the application of wakalah smart contract
by: Adam Sa'ad, Auwal
Published: (2018)

Affordable housing vis a vis affordable financing: does it matter?
by: Redzuan, Nur Harena, et al.
Published: (2015)

Empirical analysis of alternative pricing benchmarks for Islamic home financing product
by: Redzuan, Nur Harena, et al.
Published: (2015)

An analysis on Islamic social finance for protection and preservation of Maqāṣid al-Sharī‘ah
by: Mohd. Zain, Nor Razinah, et al.
Published: (2017)

The ASEAN Market: Cross-border collaboration in Islamic finance between Malaysia and Thailand
by: Yussof, Sheila Ainon, et al.
Published: (2017)

An analysis of house price index as the alternative pricing benchmark for Islamic home financing
by: Redzuan, Nur Harena, et al.
Published: (2018)

Procedural laws governing event of default in Islamic financing in Malaysia: issues and challenges
by: Hassan, Rusni, et al.
Published: (2019)

Fintech, blockchain, and Islamic finance – building the future in the new Islamic digital economy
by: Peredaryenko, Margarita Sergeevna
Published: (2019)