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Journal articles on the topic 'Tawarruq'

Author: Grafiati
Published: 4 June 2021
Last updated: 25 July 2025

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1

Zulkepli, Muhammad Izzul Syahmi, and Mohammad Taqiuddin Mohamad. "Analisis Hiyal Dalam Produk Deposit Berasaskan Kontrak Tawarruq di Perbankan Islam Malaysia Hiyal Analysis in Deposit Product based on Tawarruq Contract in Malaysian Islamic Banking." Online Journal of Research in Islamic Studies 6, no. 1 (2019): 43–59. http://dx.doi.org/10.22452/ris.vol6no1.4.

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Hiyal is defined as the ability of someone to seek solution to some difficulties and to achieve certain goals. Currently, hiyal is applied widely especially in muamalat activity related to Syariah law. For example, in offering Islamic banking product, tawarruq contract that is claimed as one form of hiyal is applied in Islamic banking product. However, the use of tawaruq contract is still debated among Muslim scholars. The difference is clearly seen through reolution issued by organization related to Islamic finance. For instance, the organization Majma’ al-Fiqh al-Islami does not allow tawarr
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2

Wathiq, Ahmad Fawad, Noorullah Hanif, and Abdul Quddus Mazahry. "Tawarruq and its Contemporary Applications in the Light of Islamic Jurisprudence." Journal of Humanities and Social Sciences Studies 4, no. 2 (2022): 45–51. http://dx.doi.org/10.32996/jhsss.2022.4.2.7.

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The research examines the issue of Tawarruq and its contemporary applications in the light of Islamic jurisprudence. There is no doubt that Tawarruq and its rulings are an important and practical issue in our society. Islamic banks use Tawarruq in their daily transactions. This study also sheds light on the definition of Tawarruq, the association of Tawarruq with Mohatra contract, the conditions and ruling of Selling Tawarruq and pictures of selling Tawarruq.
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3

Ahmad, Zaki, Faathih Zahir, Ahmed Mohamud Usman, Aishath Muneeza, and Zakariya Mustapha. "An Exploratory Study On The Possibility Of Replacing Tawarruq Based Islamic Banking Products Using Other Alternatives." International Journal of Management and Applied Research 7, no. 2 (2020): 147–64. http://dx.doi.org/10.18646/2056.72.20-011.

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Tawarruq which is also known as commodity Murabahah in Islamic banking is widely practiced in Malaysia to structure different types of Islamic banking products. The widespread use of tawarruq has made Islamic banks to be re-named as “tawarruq banks” and some even call tawarruq as the “magic lamp” of the industry. Shariah scholars have criticised this frequent usage of tawarruq in Islamic banking industry of Malaysia, while the practitioners have replied by saying that if tawarruq is a shariah approved concept, then what is wrong with the usage of it? However, from the shariah perspective, the
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4

Barre, Galad Mohamed. "Tawarruq as an alternative product for bai al-inah within the Islamic banking system: A case study of Somali Islamic banks." Asian Economic and Financial Review 13, no. 1 (2022): 85–97. http://dx.doi.org/10.55493/5002.v13i1.4697.

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The problem of liquidity raises a lot of questions regarding the products and services that Islamic banks offer to their customers. The purpose of this paper is to examine the applicability of tawarruq as a cash financing instrument and the possibility of using tawarruq as an alternative to bai al-inah in Somalia. This study focuses on awareness, the need for tawarruq, comparability, behavioral intention to use tawarruq, the relative benefit of tawarruq, and the function of Shariah scholars in determining whether tawarruq is acceptable in Somalia. This study adopted a quantitative research met
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5

Alkhan, Ahmed Mansoor, and Mohammad Kabir Hassan. "Tawarruq: Controversial or Acceptable?" Arab Law Quarterly 33, no. 4 (2019): 307–33. http://dx.doi.org/10.1163/15730255-12334042.

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Abstract The debate about tawarruq (monetisation) has been ongoing, especially with regard to the permissibility of organised tawarruq. The majority of contemporary Sharīʿah scholars, including the Organization of Islamic Cooperation in 2009, ruled that organised tawarruq is impermissible according to Sharīʿah (Islamic law). Nevertheless, organised tawarruq remains a widely-used product in the international Islamic banking industry. Having reviewed the literature and reasons pertaining to the prohibition of organised tawarruq, this research article argues that the prohibition ruling may have b
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6

ARIF, ARIF ALI, та Shabir Ahmad Molavi Ahmad. "تقويم دور بورصة سوق السلع الماليزية في إصلاح التورق المصرفي المنظم". Malaysian Journal of Syariah and Law 6, № 3 (2018): 87–105. http://dx.doi.org/10.33102/mjsl.vol6no3.128.

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The study aims at clarifying and evaluating the role of the Bursa Suq Al-Sila' in reforming financial operations based on organized banking tawarruq. This will be through a brief description of individual tawarruq, the organized banking tawarruq and the opinion of the scholars in this regard, along with a brief explanation of Bursa Suq Al-Sila' and the process of tawarruq applied therein. This will be followed by mentioning the most important Sharia problems due to which the jurisprudential councils, some Shari'a bodies and majority of contemporary scholars have disallowed the organized bankin
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7

Shahrul Azmi, Salbiah Nur, Noradilah Abdul Hadi, and Mohd Nazri Mohd Noor. "Evolutionary Overview of Tawarruq Based on Bibliometric Analysis from 2012 to 2024." Information Management and Business Review 16, no. 4(S)I (2024): 352–69. https://doi.org/10.22610/imbr.v16i4(s)i.3999.

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Islamic financing in Malaysia is helping the Islamic banking sector expand quicker than conventional lending. This expansion is driven primarily by tawarruq-based financing. Surprisingly, since tawarruq is the most common contract especially when it comes to financing products, the proposal in Bank Negara Malaysia’s (BNM) Financial Sector Blueprint 2022 – 2026 to review its use must be taken seriously to target broader adoption of sustainable financing. This study uses bibliometric analysis based on the Scopus and Science Direct databases to capture the research landscape relevant to tawarruq
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8

Roslan, Muhammad Faruq, Omar Bamahriz, Aishath Muneeza, JinZi Chu, Zakariya Mustapha, and Mohamad Zabidi Ahmad. "Application of Tawarruq in Islamic Banking in Malaysia: Towards Smart Tawarruq." International Journal of Management and Applied Research 7, no. 2 (2020): 104–19. http://dx.doi.org/10.18646/2056.72.20-008.

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The objective of the paper is to discuss the application of tawarruq in Islamic banking generally. The modus operandi of tawarruq in Islamic banking is an essential discussion in jurisdiction like Malaysia, where most Islamic banks use tawarruq to structure Islamic banking products. This paper employs a systematic literature review on best practice models and mechanism of current tawarruq application. The outcome of the research helps to understand the modus operandi of tawarruq transactions practically with a view towards understanding its future prospects in the era of Fintech. It is envisag
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9

Muhammad, Faruq Roslan, Bamahriz Omar, Muneeza Aishath, Chu JinZi, Mustapha Zakariya, and Zabidi Ahmad Mohamad. "Application of Tawarruq in Islamic Banking in Malaysia: Towards Smart Tawarruq." International Journal of Management and Applied Research 7, no. 2 (2020): 104–19. https://doi.org/10.18646/2056.72.20-008.

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The objective of the paper is to discuss the application of tawarruq in Islamic banking generally. The modus operandi of tawarruq in Islamic banking is an essential discussion in jurisdiction like Malaysia, where most Islamic banks use tawarruq to structure Islamic banking products. This paper employs a systematic literature review on best practice models and mechanism of current tawarruq application. The outcome of the research helps to understand the modus operandi of tawarruq transactions practically with a view towards understanding its future prospects in the era of Fintech. It is envisag
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10

Sharaiyra, Suhaib Walid, and Maher Haswa. "The Effect of ‘Motive’ on Characterising Organised Tawarruq." Arab Law Quarterly 33, no. 2 (2019): 179–97. http://dx.doi.org/10.1163/15730255-12332010.

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Abstract This article aims to discuss the effect of motive of organised tawarruq parties on its permissibility and to shed light on the importance of considering the overall objectives and goals of Sharīʿah when conducting transactions. An analytical and deductive approach is used to examine the reality of organised tawarruq (al-tawarruq al-munaẓẓam) and the motive behind it as well as the validity of reference to and conception of the texts used in support thereof. The discussion concludes the presence of misinterpretations of the Sharīʿah texts referred to in support of organised tawarruq, a
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11

Azizah, Fujiana Maulani, Syukri Syukri, and Lalu Fahrizal Cahyadi. "TINJAUAN HUKUM EKONOMI SYARIAH TERHADAP BAI’ AL-TAWARRUQ PADA JUAL BELI PADI (GABAH) DI DESA SELAT KECAMATAN NARMADA." FiTUA: Jurnal Studi Islam 4, no. 1 (2023): 37–55. http://dx.doi.org/10.47625/fitua.v4i1.456.

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This research is motivated by the Bai' Al-Tawarruq system whose permissibility is still being debated by scholars, but this system is still widely used in payment for buying and selling rice (grain) so it is important to study and provide perspective. There are 2 characteristics of Bai' Al-Tawarruq, namely Tawarruq Fiqhi/Haqiqi and Tawarruq Munazzam and in the context of Tawarruq what is allowed is Tawarruq Fiqhi where the transaction process is not planned in advance while in Tawarruq Munazzam the transaction process is planned forward and this is not allowed. This study aims to analyze and f
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12

Komarudin, Parman, and Muhammad Syarif Hidayatullah. "Analisis Qiyās Transaksi Tawarruq dengan Bai’ al-’Īnah." NUKHBATUL 'ULUM: Jurnal Bidang Kajian Islam 7, no. 1 (2021): 59–79. http://dx.doi.org/10.36701/nukhbah.v7i1.317.

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This paper aimed to analyze the application of qiyas method in the prohibition of tawarruq transactions through qiyas tawarruq with bai' al-‘înah. This paper was qualitative research with a type of normative law research using conceptual approach. The results of paper showed that the application of the pillars of qiyas in qiyas tawarruq with bai' al-‘înah namely: bai' al-‘înah as ashl, tawarruq as far', the prohibition of bai' al-‘înah practice as hukm al-ashl and the main motive of the transaction in the form of obtaining cash (liquidity) instead of owning goods (commodities) with the mechani
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13

Ali, Mohammad Mahbubi, та Rusni Hassan. "Survey on Sharīʿah non-compliant events in Islamic banks in the practice of tawarruq financing in Malaysia". ISRA International Journal of Islamic Finance 12, № 2 (2020): 151–69. http://dx.doi.org/10.1108/ijif-07-2018-0075.

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Purpose Tawarruq (Islamic commodity financing) has evolved as the most ubiquitous concept in Malaysia’s Islamic banking industry. Nevertheless, the extensive use of tawarruq has invoked a number of Sharīʿah (Islamic law) concerns in its practice. This study aims to investigate the Sharīʿah non-compliant (SNC) phenomena in the practice of tawarruq financing in Malaysia. Design/methodology/approach This study adopts qualitative research methodology, combining both descriptive and content analysis. A self-administered questionnaire was distributed to 16 Malaysian Islamic commercial banks to unvei
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14

Amin, Hanudin, Dwi Suhartanto, Mohd Fahmi Ghazali, Muhammad Ali, Hamid Rizal, and Dzuljastri Abdul Razak. "Maqasid-based Consumer Preference Index for Tawarruq Personal Financing (TPF)." International Journal of Islamic Economics and Finance (IJIEF) 5, no. 1 (2021): 1–30. http://dx.doi.org/10.18196/ijief.v5i1.11823.

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Relatively, maqasid al-Shariah is a missing dimension element in the available tawarruq personal financing, resulting in a convergence of this facility and its traditional counterpart. This work examines the consumer preference of tawarruq personal financing using the maqasid-based consumer preference index (MCPi). Drawing upon the MCPi, the present study examines consumer preference on the offered Tawarruq personal financing by 7 Islamic banks in Malaysia based on valid 456 usable questionnaires. The primary findings obtained indicate that all banks somewhat have a moderate MCPi. These includ
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15

Yusl, Yusairi, Fathullah Asni, and Khalilullah Amin Ahmad. "Improvements in the Application of the Tawarruq Munazzam Contract in Malaysian Islamic Banking: An Analysis from a Shariah Perspective." International Journal of Religion 5, no. 6 (2024): 741–52. http://dx.doi.org/10.61707/jrhv0489.

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This paper aims to examine the measures taken by selected banks in Malaysia to enhance the implementation of tawarruq munazzam contracts. As a qualitative study, the researcher gathered data through library research and empirical studies. The library research involved analyzing books, articles, and statutes, while the field studies consisted of unstructured interviews with eight participants, including officers and Shariah committees of Islamic Finance Institutions (IFI). The sample group was selected using the purposive sampling method. Consequently, the researcher identified several themes f
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16

Susilo, Edi. "MANAJEMEN LIKUIDITAS LEMBAGA KEUANGAN MIKRO SYARIAH NON BANK (BMT) DENGAN AKAD TAWARRUQ." JURNAL ILMIAH EKONOMI ISLAM 3, no. 01 (2017): 1. http://dx.doi.org/10.29040/jiei.v3i01.67.

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Non-bank Islamic microfinance institutions (BMT) are legal entity Cooperative have no instrument to fulfill liquidity needs as Islamic banking. Whereas the BMT should provide liquidity fund for the partners / members at any time. This article uses descriptive analytical method, to understand deeply the Tawarruq contract as liquidity management solutions Non-bank Islamic Microfinance Institutions (BMT). The results show the Tawarruq contract can be revitalized by necessity of the present to fulfill the liquidity needs of Non-bank Islamic Microfinance Institutions (BMT). Keywords: Tawarruq, Isla
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17

Zulkepli, Muhammad Izzul Syahmi, Mohammad Taqiuddin Mohamad, and Mohd Anuar Ramli. "[Guide to Accepting Hiyal-Based Contracts in Malaysia Islamic Banking: An Evaluation] Panduan Penerimaan Kontrak Yang Berasaskan Hiyal di Perbankan Islam Malaysia: Satu Penilaian." Jurnal Islam dan Masyarakat Kontemporari 21, no. 2 (2020): 141–52. http://dx.doi.org/10.37231/jimk.2020.21.2.490.

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Ḥiyal is a hidden approach in order to achieve certain goals. This legal device is still debated among Muslim scholars. Some of them are more likely to allow it, while others do not. Nonetheless, Islamic contracts that consist of ḥiyal, such as tawarruq have been attaining attraction especially in the Islamic banking industry in Malaysia. It is offered widely through various Islamic banking products based on a specific guideline aimed at preserving the reputation and performance of Malaysian Islamic banking. Therefore, this study will examine ḥiyal concept from the fiqh perspective and the gui
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18

Ahmed, Habib, and Nourah Mohammad Aleshaikh. "Debate on Tawarruq: Historical Discourse and Current Rulings." Arab Law Quarterly 28, no. 3 (2014): 278–94. http://dx.doi.org/10.1163/15730255-12341282.

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One of the controversial products used by the Islamic financial sector is organized tawarruq. As the substance of this product resembles that of an interest-based loan, there is a debate on its permissibility from a Shari’ah perspective. While discussions on tawarruq have arisen due to the emergence of the practice in Islamic finance, there have been deliberations on this transaction in the past starting immediately after the emergence of Islam. The aim of the article is to provide an overview of the historical discourse on tawarruq and examine the rulings on it by two contemporary jurispruden
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Mohamad Ghazali, Nasrun, Mohd Fuad Md. Sawari, Bouhedda Ghalia та Syed Musa Syed Jaafar Alhabshi. "Ḥīlah of Tawarruq: A Fundamental Analysis of Its Adaptation in Islamic Financial Services". International Journal of Fiqh and Usul al-Fiqh Studies 7, № 2 (2023): 60–74. https://doi.org/10.31436/ijfus.v7i2.303.

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This paper aims to critically review the application of tawarruq in Islamic financial services. On one hand, it is proclaimed as a Sharīʽah-compliant mode, while on the other hand, it has also been deemed non-compliant. In terms of the aspect of ḥīlah, this review intends to examine the basic mechanism of financial tawarruq and compare it with ʽīnah and ribā jāhiliyyah arrangements in order to outline the borderline of permissibility and prohibition. This paper applies the doctrinal methodology specified in Sharīʽah law, with cross reference to the contemporary Sharīʽah resolutions; whereby th
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علي عبداللطيف شيخ. "The Jurisprudential Adaptation of Organized Paper A Descriptive Analytical Study at First Community Bank of Kenya التكييف الفقهي للتورق المنظم دراسة وصفية تحليلية في بنك المجتمع الأول بكينيا". GUMAN 6, № 4 (2023): 473–87. https://doi.org/10.63075/guman.v6i4.687.

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The study aimed to know the steps for selling organized tawarruq and its contemporary application in the First Community Bank in Kenya because tawarruq is one of the basic pillars of financing in Islamic banks at the present time, and tawarruq is the most widely used formula in Islamic banks with contemporary applications that were not common in the previous time, and the study addressed the dispute. What took place among contemporary jurists and researchers about organized tawarruq in terms of legality and prohibition, because the Kenyan Islamic community needs to clarify the truth of this tr
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Nurhisam, Luqman. "Bai ‘Al-Tawarruq: Concept Of Islamic Financing?" Journal of Emerging Economies and Islamic Research 4, no. 3 (2016): 49. http://dx.doi.org/10.24191/jeeir.v4i3.9096.

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Shariah Committee in Malaysia in his fatwa has legitimized the execution of the contract al-Tawarruq and al-'nah in Islamic banking practices, while the contract is not ratified by the National Sharia Council in Indonesia. This study will discuss the reasons and background differences fatwa, and an aspect ratio of banking products and the legal framework used to legitimize Islamic financial products in Indonesia and Malaysia. Therefore, further research is needed to analyze how the views of the scholars against al-Tawarruq along with proof of his, and the extent to which the contract tawarruq
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22

Yusoff, Amir Fazlim, Azlin Alisa Ahmad та Nik Abdul Rahim Nik Abdul Ghani. "Classical Tawarruq: A Potential Alternative to Baiʿ al-ʿĪnah in the Malaysian Banking and Finance Industries". Arab Law Quarterly 33, № 4 (2019): 400–419. http://dx.doi.org/10.1163/15730255-12330401.

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Abstract International Islamic religious authorities have commented negatively on the application of baiʿ al-ʿīnah (same-item sale-repurchase) in the Malaysian banking industry. These authorities include the Islamic Fiqh Academy of the Organisation of Islamic Cooperation (OIC) and Accounting and the Auditing Organisation for Islamic Financial Institutions (AAOIFI). They conclude that the application represents a prohibited ruse to legitimise usury through a sale transaction. This article examines the possible use of classical tawarruq as an alternative to baiʿ al-ʿīnah in the Malaysian banking
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Ahlam, Bouebdelli, and Ben Amer Zaineddine. "Banking Tawarruq between Shariah Compliance and Adequate Liquidity Management in Islamic Banks." مجلة إسرا الدولية للمالية الإسلامية 8, no. 1 (2017): 92–140. http://dx.doi.org/10.55188/ijifarabic.v8i1.281.

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This study aims to address the problem of combining Shariah compliance and adequacy of liquidity management in Islamic banks when using tawarruq. It seeks to discover whether Islamic banks are in fact able to combine the two. The study found that Islamic banks have significantly developed tawarruq until it has reached a level of efficiently managing excesses and deficits of liquidity, but that was accomplished at the expense of Shariah compliance. The more distant tawarruq got from Shariah standards, the more efficient it became. Islamic banks will not be able to combine the two because they a
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Ismail, Abdul Ghafar, Nik Abdul Rahim Nik Abdul Ghani, and Mat Nor Mat Zain. "Tawarruq time deposit with wakalah principle: an option that triggers new issues." International Journal of Islamic and Middle Eastern Finance and Management 9, no. 3 (2016): 388–96. http://dx.doi.org/10.1108/imefm-05-2014-0048.

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Purpose This paper aims to make an attempt to analyze the adoption of wakalah in the tawarruq deposit that may trigger new issue. Design/methodology/approach This paper provides a review on the underlying contracts for deposit-taking activities. Findings There are two mains findings from this paper – first, the current deposit taking activities are characterized by principal guaranteed, it deems contrary to the nature of mudarabah. Second, we suggest the presence of wakalah in tawarruq term deposits and we argue that the application of the concept of bay al-wakillinafsihi would not affect the
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Badeeu, Fathimath Nashwa, and Aishath Muneeza. "STRIVING FOR AUTHENTICITY: ENHANCING SHARIAH-COMPLIANCE IN HOME FINANCING PRODUCTS WITHIN MALAYSIA'S ISLAMIC FINANCE INDUSTRY." International Journal of Islamic Economics and Finance Research, no. 1 (October 11, 2023): 48–62. http://dx.doi.org/10.53840/ijiefer112.

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Islamic finance, founded on the principles of promoting genuine economic activities through Shariah-compliant commercial contracts, has evolved significantly since its formal institutionalisation in the 1960s. However, the prevailing focus on rule-based Shariah compliance rather than authentic economic engagement has raised pertinent questions about the industry's direction. This study aims to scrutinise the landscape of Islamic finance products employed in home financing within Malaysia and explore avenues to enhance authenticity in Islamic finance. Employing a qualitative approach, utilising
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Ali, Mohammad Mahbubi. "Toward Islamic Banking Without Tawarruq." ICR Journal 8, no. 2 (2017): 256–59. http://dx.doi.org/10.52282/icr.v8i2.199.

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Islamic financial products have evolved and developed remarkably from simple and straightforward structures to highly sophisticated and multifaceted instruments. During the 1980s and 1990s, Islamic financial products were dominated by deposits and savings, syndicated project financing, Shari’ah-compliant stocks and mutual funds. The last two decades have witnessed the unveiling of more complicated structures, including various sukuk models, derivatives, Islamic structured products, Islamic hedge funds, and others. Most, though not all, of these replicate conventional products, splicing togethe
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Ali, Mohammad Mahbubi. "Toward Islamic Banking without Tawarruq." Islam and Civilisational Renewal 8, no. 2 (2017): 256–59. http://dx.doi.org/10.12816/0041998.

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Rehman, Mujeeb ur, and Ghulam Shams Ur Rehman. "U-2 The Application of Tawarruq in Contemporary Islamic Banking: A review of Fiqh academies’ perspective." Al-Aijaz Research Journal of Islamic Studies & Humanities 4, no. 1 (2020): 22–39. http://dx.doi.org/10.53575/u2.v4.01.22-39.

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Liquidity management is the foundation of banking system. In Conventional Banking the lack of liquidity is met by interest based transactions. Islamic banks avoid interest-bearing activities, they use Tawarruq to solve liquidity problems. The concept of tawarruq between two individuals is found in early jurisprudential literature, which has been discussed by the early jurists. This transaction is nowadays being used by many Islamic banks for liquidity management and as a mode of financing, Contemporary jurisprudential Academies have declared it legitimate. Twarruq is not preferred in its both
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Sherif, Zakaria, Bouhedda Ghalia та Younes Soualhi. "The Principle of Considering the Consequences of Actions in the Sharīʽah Standard for Tawarruq Issued by the AAOIFI". International Journal of Fiqh and Usul al-Fiqh Studies 7, № 2 (2023): 45–59. https://doi.org/10.31436/ijfus.v7i2.302.

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The research paper aims to study the principle of considering the consequences of actions in the Sharīʽah standard for tawarruq issued by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI). The problem of the paper lies in the extent to which the standard of tawarruq considers the consequences of actions in establishing the legal rulings mentioned in it, and how consistent they are with the consideration of consequences in its rules, regulations, areas, and mechanisms as established by jurists. It is known that the permissibility of various aspects of tawarruq
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30

Zulkepli, Muhammad Izzul Syahmi. "Smart Contract Technology Potential in Mitigating Defects of Islamic Banks’ Tawarruq Operations." Islamiyyat 47, no. 1 (2025): 171–81. https://doi.org/10.17576/islamiyyat-2025-4701-14.

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Smart contracts are computer codes that represent contract terms and are designed to run on a blockchain platform, automatically enforced upon receiving predetermined inputs. This technological innovation, a key component of the Fourth Industrial Revolution, provides an advanced and innovative approach to executing contract terms. Incorporating this technology into Shariah-compliant contracts within Islamic Banks (IBs) holds the potential to reduce Shariah non-compliance risk (SNC) and enhance operational transparency, ensuring compatibility with contemporary technological applications. In par
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Aprianto, Naerul Edwin Kiky, and Iftiarini Rahmatun Nazilah. "Analysis of the Concept of Tawarruq in the Perspective of Sharia Economic Law." el-Uqud: Jurnal Kajian Hukum Ekonomi Syariah 1, no. 1 (2023): 47–59. http://dx.doi.org/10.24090/eluqud.v1i1.7718.

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Tawarruq is one of the sharia transaction schemes that can be used as an alternative for parties needing cash urgently. The scheme is a way for related parties to avoid usury activities. In Sharia financing, this contract was developed by ulema to adapt to society's sociological and economic development over time. The results of this study are manifested in Islamic financing agreements. Bai' al-inah and tawarruq are two types of financing in sharia economic law. However, tawarruq seems to be still in the debate whether it is allowed or prohibited, while bai' al-inah is forbidden because of the
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Aldarabseh, Wesal M. "The Interest in Islamic Finance Contracts in Saudi Arabia as Viewed by Google Trends." International Journal of Economics and Finance 11, no. 9 (2019): 12. http://dx.doi.org/10.5539/ijef.v11n9p12.

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Several Islamic contracts have been used by Islamic banks to cover the financial needs of their customers. The contracts include Murabahah, Ijarah, Tawarruq, Mudarabah, Musharakah, Salam, and Istisna'. In the current study, the interest in Islamic financial contracts in the past 5 years (2014-2019) in Saudi Arabia as viewed by Google trends was examined. The interest in Murabahah showed increases with the years, whereas decreases in the interest of Tawarruq, Salam Mudarabah were observed in the last years. However, the interest in Ijarah and Istisna' was stable during the exami
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Suharto, Ugi. "CONTENTIOUS SALES IN ISLAMIC BANKING AND FINANCE: ANALYSIS ON THEIR PROXIMITY TO RIBĀ." TAFHIM : IKIM Journal of Islam and the Contemporary World 6, no. 1 (2015): 55–82. http://dx.doi.org/10.56389/tafhim.vol6no1.4.

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This article discusses four controversial sales in Islamic banking and finance, each having the potentials to be used as legal stratagems (ḥiyal) to cover up the ribawi transactions: bayʿ al-ʿīnah, tawarruq, bayʿ al-dayn, and bayʿ al-wafāʾ (or bayʿ al-istighlāl). Yet, Islamic bank and finance industries in the world rely on such types of sales in their transactions. Malaysian Islamic banks and capital markets depend heavily on bayʿ al-ʿīnah and bayʿ al-dayn, while the Gulf Cooperation Council (GCC) countries rely a great deal on tawarruq and bayʿ al-wafāʾ (or bayʿ al-istighlāl). Regarding tawa
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Badruddin and Hasan Husaini. "BERBAGAI BENTUK DALAM JUAL BELI: BA’I AL-WAFA, BA’I AL-INAH, BA’I BITSAMAN ‘AJIL, DAN BA’I TAWARRUQ." Jurnal Riset Multidisiplin Edukasi 1, no. 2 (2025): 87–104. https://doi.org/10.71282/jurmie.v1i2.16.

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Bai’ al-Wafa, Bai’ al-‘Inah, Bai’ Tawarruq, dan Bai’ Bitsaman Ajil adalah empat jenis akad dalam fiqh muamalah yang digunakan dalam transaksi jual beli. Penelitian ini bertujuan untuk menjelaskan konsep, hukum, dan penerapan dari masing-masing akad tersebut dalam praktik ekonomi syariah. Metode yang digunakan adalah studi literatur dengan mengkaji berbagai pendapat ulama dari berbagai madzhab dan pandangan kontemporer tentang keempat akad tersebut. Bai’ al-Wafa’ adalah jual beli dengan syarat bahwa barang yang dijual dapat dibeli kembali oleh penjual pada waktu yang telah disepakati. Bai’ al-‘
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Mulyawisdawati, Richa Angkita, and Mufti Afif. "Jual Beli Model ‘Inah di Lembaga Keuangan Syariah: Tinjauan Konsep, Hukum dan Implementasi." FALAH: Jurnal Ekonomi Syariah 3, no. 1 (2018): 67. http://dx.doi.org/10.22219/jes.v3i1.5835.

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The sale and purchase of 'inah and tawarruq is a classic problem that is recognized or not continues to grow and be practiced by individuals and financial institutions to date. Based on the facts on the ground, this type of engineering of sale and purchase occurs in Islamic Financial Institutions (LKS), where Islamic Financial Institutions only serve and serve financial services for its customers who need funds. So much is found that most LKS activities lead to financing through murabahah scheme where the scheme of the contract is considered safe for the LKS because the level of risk is lower
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Abdul Aziz, Sumayyah, and Ridzwan Ahmad. "[A Reassessment of The Al-Darurah Concept in Current Islamic Finance] Satu Penilaian Semula Konsep al-Darurah Dalam Kewangan Islam Semasa." Jurnal Islam dan Masyarakat Kontemporari 13 (July 1, 2016): 106–20. http://dx.doi.org/10.37231/jimk.2016.13.2.182.

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The concept of al-darurah is a subject that has to be empowered and to be explored by students and scholars of Islamic studies. Al-darurah in Islamic finance is a concept that expend the theory of darurah from fiqh perspective and covered it from the perspective of darurah usuliyah as well. In Islamic finance, they applied the darurah concept such as in Tawarruq Munazam based products. Tawaruq Munazam has been ruled as not permissible by The International Council of Fiqh Academy of OIC in 2009 however it has been applied in Islamic banking in Malaysia based on the essential requirement in the
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Ali Othman, Othman, and Abdalla Othman Ali. "Uses of the Tawarruq Formula in Islamic Banks." Journal of University of Raparin 11, no. 5 (2024): 821–32. http://dx.doi.org/10.26750/vol(11).no(5).paper34.

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Islamic banks, since their inception, have been working to provide financial services to Muslims in particular, as these services must comply with the provisions of Islamic law, and among the most important institutions that request financial services from banks and are in dire need of that are companies of all kinds and forms, and in most cases, companies rely on Its capital and cash flow to banks to facilitate the management of its various activities, and Islamic companies cannot deal with conventional banks; So, these services are requested from Islamic banks, and the services of Islamic ba
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Shaharuddin, Amir. "Dual Agency Practices in Islamic Financial Institutions: A Fiqh Perspective." Journal of Fatwa Management and Research 21, no. 1 (2020): 38–48. http://dx.doi.org/10.33102/jfatwa.vol21no1.297.

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Bay al-tawarruq is increasingly adopted by Malaysian Islamic financial institutions (IFIs) in creating both deposit and financing products. The contract involves sequences of trading between three parties namely client, IFIs and brokers. However, in order to simply the operation and to minimize client’s involvement, the actual trading are conducted between IFI and brokers only. IFI will act on behalf of the client and execute all trading transactions. The practice triggers fiqh issue because the IFI (as agent of client) will sell and purchase commodity to himself. The present article discusses
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Lawas, Ismail, and Ayman Mari. "The Development Of Jurisprudential Consideration In Contemporary Financial Transactions." Islamic Sciences Journal 14, no. 4 (2023): 430–49. http://dx.doi.org/10.25130/jis.23.14.4.1.17.

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 ABSTRACT
 Banking transactions in Islamic banks are in continuous development and renewal. The issue of organized banking tawarruq is old in terms of its origin, and new in view of its entry into Islamic banks. Dealing with it may result in a number of risks, as it may have benefits. Accordingly, this research addresses this issue, which is recognized in many Islamic banks. There are many personal Jurisprudential perspectives that vary between permitting, prohibiting, discontinuing, and setting conditions. The Researchers set some controlling procedures to hand
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Abdullah Thaidi, Hussein Azeemi, Muhamad Firdaus Ab Rahman, and Azman Ab Rahman. "The Analysis of Gharar Existence inThe Implementation of Tawarruq Personal Financing." Global Journal Al Thaqafah 4, no. 1 (2014): 83–95. http://dx.doi.org/10.7187/gjat572014.04.01.

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Seman, Azizi Che, and Mohd Izuwan Mahyudin. "Bay' Al-Tawarruq dan Aplikasinya di Bank Muamalat Malaysia Berhad = Bay' Al-Tawarruq and Its Application in Bank Muamalat Malaysia Berhad." Journal of Muamalat and Islamic Finance Research 11, no. 1 (2014): 75–96. http://dx.doi.org/10.12816/0028815.

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42

Geronimo, Rusell. "Taxation of Islamic banking transactions." Bratislava Law Review 2, no. 2 (2018): 79–90. http://dx.doi.org/10.46282/blr.2018.2.2.110.

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The paper examines the juridical character of eight common Islamic banking transactions: murabahah, tawarruq, ijarah, istisna, salam, musharakah or mudaraba, sukuk, and takaful. It then compares each Islamic banking product with an equivalent conventional banking product, examines their differences in terms of transaction design, and shows whether these contractual differences result in differential tax treatment.
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Younas, Muhammad Usman, та Muhammad Asghar Shahzad. "کریڈٹ کارڈ کا شرعی حکم:فیصل اسلامی نور کارڈ کا خصوصی مطالعہ". FIKR-O NAZAR فکر ونظر 62, № 1 (2024): 9–28. https://doi.org/10.52541/fn.v62i1.3434.

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Islamic banks are increasingly developing products that cater to modern financial needs while upholding Islamic principles. The Faysal Islami Noor Card, Pakistan’s second Sharīʿah-compliant alternative to conventional credit cards, marks a significant milestone in this endeavor. This paper presents a comprehensive Sharīʿah analysis of conventional credit cards and the Faysal Islami Noor Card. The study is structured in two parts: the first part examines Sharīʿah guidelines on conventional credit cards, drawing from the proceedings, standards, and Fatwas of the International Islamic Fiqh Academ
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Zulkepli, Muhammad Izzul Syahmi, and Muhammad Taqiuddin Mohamad. "MEKANISME KAWALAN RISIKO SYARIAH TERHADAP ISU DUAL-AGENCY DALAM PRODUK DEPOSIT BERASASKAN TAWARRUQ DALAM PERBANKAN ISLAM MALAYSIA." Labuan e-Journal of Muamalat and Society (LJMS) 14 (December 1, 2020): 1–10. http://dx.doi.org/10.51200/ljms.v14i.2862.

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Tawarruq al-munaẓẓam is one of the sharia contracts that is often used as the underlying contract in Islamic banking products worldwide. Especially in Malaysia, MPS BNM allows this contract to be applied in Islamic banking products with specific conditions. As a result, until now this contract has received good response in the supply of Islamic banking products, especially term deposit products (term deposit). In addition to its extensive offerings, there are several Shariah issues that arise such as the practice of wakālah. Malaysian Islamic Bank practices a dual-agency, which represents the
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Zulkepli, Muhammad Izzul Syahmi, Mohammad Taqiuddin Mohamad, and Saaidal Razalli Azzuhri. "Konsep Kontrak Pintar Dan Potensinya Terhadap Transaksi Pembiayaan Berasaskan Tawarruq." Jurnal Fiqh 18, no. 2 (2021): 345–76. http://dx.doi.org/10.22452/fiqh.vol18no2.5.

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A contract is an important concept to enable a transaction without jeopardizing the rights and security of the transaction’s parties. Its implementation varies either through traditional or modern methods. To date, the smart contract gains attention among industry players and academicians. It is a modern technological innovation that can execute a contract by utilizing a blockchain network. In particular, the researchers view that smart contracts can be adapted in products offering based on various Shariah contracts in Islamic banking institutions, such as financing products based on the tawar
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46

Mohamad, Nasrun, and Asmak Ab Rahman. "Tawarruq application in Islamic banking: a review of the literature." International Journal of Islamic and Middle Eastern Finance and Management 7, no. 4 (2014): 485–501. http://dx.doi.org/10.1108/imefm-10-2013-0106.

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Purpose – This paper aims to present the results of a comprehensive literature review with regard to the application of Tawarruq in the Islamic banking system covering the period between 2011 and before. The review aims to synthesize the previous research, capsulize the structural overview inasmuch as future research might be oriented and identify the gaps and direction for future research. Design/methodology/approach – A range of published and unpublished documents was collated and filtered based on the defined rules to identify the determinants of the writing. The documents were then be clas
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Bahari, Nor Fadilah, Zurina Shafii, and Mustafa Mohd Hanefah. "Legitimizing Ar-Rahnu Through Tawarruq: What Practitioners Have to Say." global journal al thaqafah 12, no. 2 (2022): 67–81. http://dx.doi.org/10.7187/gjat122022-5.

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Effective February 2020, all Ar-Rahnu providers were required to streamline their existing products to the new ar-rahn structure based on the Islamic contract bay al tawarruq and rahn. The action was taken in response to the decision made by the Shariah Advisory Council (SAC) of Bank Negara Malaysia (BNM) where they claim that the practise of ar-rahn violates the shariah rules as outlined in the Rahn Policy (BNM, 2019). Nevertheless, the BNM enforcement was effective only for IBs or any institutions governed by the central bank and was not applicable to Ar-Rahnu cooperatives. Recent studies in
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Kahf, Monzer, and Elhadi Idris Habbani. "Tawarruq Potential Risks : The Practices of Islamic Financial Institutions in Qatar." Journal of Islamic Economics Banking and Finance 12, no. 4 (2016): 54–88. http://dx.doi.org/10.12816/0050980.

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Rahman, Zainor Nasrah Abdul, and Siti Khadijah Ab Manan. "Tawarruq as a Useful Instrument to Finance Retail the Halal Way." Procedia - Social and Behavioral Sciences 121 (March 2014): 281–90. http://dx.doi.org/10.1016/j.sbspro.2014.01.1129.

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Ahmad, Mahadi, та Riaz Ansary. "Fiqhī views on bayʿwa salaf and qarḍ-based Islamic banking deposit accounts in Malaysia". ISRA International Journal of Islamic Finance 9, № 1 (2017): 106–12. http://dx.doi.org/10.1108/ijif-07-2017-011.

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Purpose Islamic banks are obliged to carry out transactions that only comply with Islamic commercial laws. Malaysia has been championing the Sharīʿah-based banking system, and so, continuous improvement on the compliance level of the institutions offering Islamic financial services is key to its global recognition in this industry. One of the issues that can affect deposit products is existence of a sale contract and loan facility in one transaction. Famous prophetic tradition prohibits this. Hence, this paper aims to examine the linkage between bayʿwa salaf (combination between a sale contrac
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