Hybrid Sukuk and wealth preservation: aligning with Maqasid al-shariah principles in modern Islamic finance
Hybrid Sukuk represents a revolutionary approach to Islamic finance, melding traditional Sukuk with innovative financial derivatives and striving for ethical wealth preservation in line with Maqasid Al-Shariah principles. This research, addressing a notable void in the literature, investigates the i...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Wise Academia Research Solutions
2024
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| Online Access: | http://psasir.upm.edu.my/id/eprint/118135/ http://psasir.upm.edu.my/id/eprint/118135/1/118135.pdf |
| _version_ | 1848867440786669568 |
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| author | Saied, Galal Mohamed A. Abdul Awang, Mohd Daud Ahmad, Sa’odah Binti |
| author_facet | Saied, Galal Mohamed A. Abdul Awang, Mohd Daud Ahmad, Sa’odah Binti |
| author_sort | Saied, Galal Mohamed A. Abdul |
| building | UPM Institutional Repository |
| collection | Online Access |
| description | Hybrid Sukuk represents a revolutionary approach to Islamic finance, melding traditional Sukuk with innovative financial derivatives and striving for ethical wealth preservation in line with Maqasid Al-Shariah principles. This research, addressing a notable void in the literature, investigates the infusion of Maqasid Al-Shariah into hybrid Sukuk structures, a pressing exploration owing to the escalating prominence of such instruments in Islamic finance. Rooted in empirical and theoretical explorations, the study examines the convergence between Maqasid Al Shariah objectives and hybrid Sukuk, emphasising wealth conservation, Shariah adherence, and the pivotal role of Islamic scholars and Shariah advisors in ensuring ethical congruence. Utilising evaluating methodologies, including Fitch and Moody’s credit ratings, it scrutinises the alignment of hybrid Sukuk with Shariah mandates to protect and augment financial resources. The revelations from the study demonstrating the potential of hybrid Sukuk in maintaining wealth and Shariah compliance and highlighting the adaptability of Maqasid Al-Shariah in crafting ethical financial tools responsive to modern economic needs. The research enriches Islamic finance discourse, providing refined insights and underscoring the critical role of Maqasid Al-Shariah in developing ethically robust and socially beneficial financial instruments, promoting ethical and societal enhancements in Islamic finance and contributing to enduring economic stability and societal prosperity |
| first_indexed | 2025-11-15T14:36:32Z |
| format | Article |
| id | upm-118135 |
| institution | Universiti Putra Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T14:36:32Z |
| publishDate | 2024 |
| publisher | Wise Academia Research Solutions |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | upm-1181352025-06-25T07:22:19Z http://psasir.upm.edu.my/id/eprint/118135/ Hybrid Sukuk and wealth preservation: aligning with Maqasid al-shariah principles in modern Islamic finance Saied, Galal Mohamed A. Abdul Awang, Mohd Daud Ahmad, Sa’odah Binti Hybrid Sukuk represents a revolutionary approach to Islamic finance, melding traditional Sukuk with innovative financial derivatives and striving for ethical wealth preservation in line with Maqasid Al-Shariah principles. This research, addressing a notable void in the literature, investigates the infusion of Maqasid Al-Shariah into hybrid Sukuk structures, a pressing exploration owing to the escalating prominence of such instruments in Islamic finance. Rooted in empirical and theoretical explorations, the study examines the convergence between Maqasid Al Shariah objectives and hybrid Sukuk, emphasising wealth conservation, Shariah adherence, and the pivotal role of Islamic scholars and Shariah advisors in ensuring ethical congruence. Utilising evaluating methodologies, including Fitch and Moody’s credit ratings, it scrutinises the alignment of hybrid Sukuk with Shariah mandates to protect and augment financial resources. The revelations from the study demonstrating the potential of hybrid Sukuk in maintaining wealth and Shariah compliance and highlighting the adaptability of Maqasid Al-Shariah in crafting ethical financial tools responsive to modern economic needs. The research enriches Islamic finance discourse, providing refined insights and underscoring the critical role of Maqasid Al-Shariah in developing ethically robust and socially beneficial financial instruments, promoting ethical and societal enhancements in Islamic finance and contributing to enduring economic stability and societal prosperity Wise Academia Research Solutions 2024 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/118135/1/118135.pdf Saied, Galal Mohamed A. Abdul and Awang, Mohd Daud and Ahmad, Sa’odah Binti (2024) Hybrid Sukuk and wealth preservation: aligning with Maqasid al-shariah principles in modern Islamic finance. International Journal of Religion, 5 (12). pp. 1487-1495. ISSN 2633-3538; eISSN: 2633-352X https://ijor.co.uk/ijor/article/view/8443 10.61707/m3fpb331 |
| spellingShingle | Saied, Galal Mohamed A. Abdul Awang, Mohd Daud Ahmad, Sa’odah Binti Hybrid Sukuk and wealth preservation: aligning with Maqasid al-shariah principles in modern Islamic finance |
| title | Hybrid Sukuk and wealth preservation: aligning with Maqasid al-shariah principles in modern Islamic finance |
| title_full | Hybrid Sukuk and wealth preservation: aligning with Maqasid al-shariah principles in modern Islamic finance |
| title_fullStr | Hybrid Sukuk and wealth preservation: aligning with Maqasid al-shariah principles in modern Islamic finance |
| title_full_unstemmed | Hybrid Sukuk and wealth preservation: aligning with Maqasid al-shariah principles in modern Islamic finance |
| title_short | Hybrid Sukuk and wealth preservation: aligning with Maqasid al-shariah principles in modern Islamic finance |
| title_sort | hybrid sukuk and wealth preservation: aligning with maqasid al-shariah principles in modern islamic finance |
| url | http://psasir.upm.edu.my/id/eprint/118135/ http://psasir.upm.edu.my/id/eprint/118135/ http://psasir.upm.edu.my/id/eprint/118135/ http://psasir.upm.edu.my/id/eprint/118135/1/118135.pdf |