ضوابط تطبيقات بيع وسلف في خطاب الضمان المصرفي = Guidelines for the application of purchase (BayÑ)and loan (Salaf) in the Bank Letter of Guarantee
Currently, rapid development in the Islamic financesector is aimed to fulfill people’sneeds. Because of that, Islamic banks needto produce new products and services with combined contracts which do not confine to a single contract. So, this research is made to identify the reasons...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
2018
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/69799/ http://irep.iium.edu.my/69799/1/document%20%281%29.pdf |
| _version_ | 1848787179905482752 |
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| author | Abdullah, Mohd Muiz Awang, Abdul Bari |
| author_facet | Abdullah, Mohd Muiz Awang, Abdul Bari |
| author_sort | Abdullah, Mohd Muiz |
| building | IIUM Repository |
| collection | Online Access |
| description | Currently, rapid development in the Islamic financesector is aimed to fulfill people’sneeds. Because of that, Islamic banks needto produce new products and services with combined contracts which do not confine to a single contract. So, this research is made to identify the reasons of prohibition of the combination of purchase contract (bayÑ) and loan contract (salaf) mentioned in a ḥadtīh. One of these reasons isthe combination of two contracts in a single transaction that has been abundantly discussed by the scholarsin the past and present. A present example of the combined contracts produced by the newly created financial transactionsis “Letter of Guarantee,” where the researchers have found that this contract has been formed by combining twocontracts in a single transaction, i.e., bayÑand salaf. It is, therefore,necessary to understand the mentioned ḥadīth profoundly before its application in the Islamic banks so that it does not contradictthe holy SharīÑah. The researchers use the data collection method for collecting materials related to the subject of the study. They also use the analytical method to analyze the aḥādīthrelated to the topic,andthen investigatethe legitimacy of the applicationof bayÑand salaf in the “Letter of Guarantee,” and its juristicadaptation (takyīf fiqhī). An important finding of this research isthat the application of bayÑand salaf in the “Letter of Guarantee” is permitted, as long asthe higher objectives of SharīÑah are consideredin it, andthere isno involvement with the prohibited things |
| first_indexed | 2025-11-14T17:20:49Z |
| format | Article |
| id | iium-69799 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T17:20:49Z |
| publishDate | 2018 |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-697992019-07-15T02:26:49Z http://irep.iium.edu.my/69799/ ضوابط تطبيقات بيع وسلف في خطاب الضمان المصرفي = Guidelines for the application of purchase (BayÑ)and loan (Salaf) in the Bank Letter of Guarantee Abdullah, Mohd Muiz Awang, Abdul Bari HG3368 Islamic Banking and Finance HJ1438 Public Finance In Islam KBP1 Islamic law.Shariah.Fiqh Currently, rapid development in the Islamic financesector is aimed to fulfill people’sneeds. Because of that, Islamic banks needto produce new products and services with combined contracts which do not confine to a single contract. So, this research is made to identify the reasons of prohibition of the combination of purchase contract (bayÑ) and loan contract (salaf) mentioned in a ḥadtīh. One of these reasons isthe combination of two contracts in a single transaction that has been abundantly discussed by the scholarsin the past and present. A present example of the combined contracts produced by the newly created financial transactionsis “Letter of Guarantee,” where the researchers have found that this contract has been formed by combining twocontracts in a single transaction, i.e., bayÑand salaf. It is, therefore,necessary to understand the mentioned ḥadīth profoundly before its application in the Islamic banks so that it does not contradictthe holy SharīÑah. The researchers use the data collection method for collecting materials related to the subject of the study. They also use the analytical method to analyze the aḥādīthrelated to the topic,andthen investigatethe legitimacy of the applicationof bayÑand salaf in the “Letter of Guarantee,” and its juristicadaptation (takyīf fiqhī). An important finding of this research isthat the application of bayÑand salaf in the “Letter of Guarantee” is permitted, as long asthe higher objectives of SharīÑah are consideredin it, andthere isno involvement with the prohibited things 2018 Article PeerReviewed application/pdf en http://irep.iium.edu.my/69799/1/document%20%281%29.pdf Abdullah, Mohd Muiz and Awang, Abdul Bari (2018) ضوابط تطبيقات بيع وسلف في خطاب الضمان المصرفي = Guidelines for the application of purchase (BayÑ)and loan (Salaf) in the Bank Letter of Guarantee. International Journal of Fiqh and Usul al-Fiqh Studies, 2 (2). pp. 124-136. E-ISSN 2600-8408 |
| spellingShingle | HG3368 Islamic Banking and Finance HJ1438 Public Finance In Islam KBP1 Islamic law.Shariah.Fiqh Abdullah, Mohd Muiz Awang, Abdul Bari ضوابط تطبيقات بيع وسلف في خطاب الضمان المصرفي = Guidelines for the application of purchase (BayÑ)and loan (Salaf) in the Bank Letter of Guarantee |
| title | ضوابط تطبيقات بيع وسلف في خطاب الضمان المصرفي = Guidelines for the application of purchase (BayÑ)and loan (Salaf) in the Bank Letter of Guarantee |
| title_full | ضوابط تطبيقات بيع وسلف في خطاب الضمان المصرفي = Guidelines for the application of purchase (BayÑ)and loan (Salaf) in the Bank Letter of Guarantee |
| title_fullStr | ضوابط تطبيقات بيع وسلف في خطاب الضمان المصرفي = Guidelines for the application of purchase (BayÑ)and loan (Salaf) in the Bank Letter of Guarantee |
| title_full_unstemmed | ضوابط تطبيقات بيع وسلف في خطاب الضمان المصرفي = Guidelines for the application of purchase (BayÑ)and loan (Salaf) in the Bank Letter of Guarantee |
| title_short | ضوابط تطبيقات بيع وسلف في خطاب الضمان المصرفي = Guidelines for the application of purchase (BayÑ)and loan (Salaf) in the Bank Letter of Guarantee |
| title_sort | ضوابط تطبيقات بيع وسلف في خطاب الضمان المصرفي = guidelines for the application of purchase (bayñ)and loan (salaf) in the bank letter of guarantee |
| topic | HG3368 Islamic Banking and Finance HJ1438 Public Finance In Islam KBP1 Islamic law.Shariah.Fiqh |
| url | http://irep.iium.edu.my/69799/ http://irep.iium.edu.my/69799/1/document%20%281%29.pdf |