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The jurisprudential differences about the Term credit “Al-I’timan” and credit card: Islamic and conventional perspectives

The credit in general and credit card in particular have become important instrument for individuals, merchants and banks. The use of a credit card represents a part of daily activities nowadays; therefore, it has become a duty on the Muslim jurists to clarify the Islamic legal principle (Al-Takyif)...

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Main Authors: Mohammed Jassem Mohammed,, Rahmah Ismail,, Ruzian Markom,
Format: Article
Language:English
Published: Institut Kajian Rantau Asia Barat 2011
Online Access:http://journalarticle.ukm.my/3282/1/v3n2-2011-4.pdf
http://journalarticle.ukm.my/3282/
http://www.ukm.my/ijwas/
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spelling my-ukm.journal.32822016-12-14T06:34:12Z http://journalarticle.ukm.my/3282/ The jurisprudential differences about the Term credit “Al-I’timan” and credit card: Islamic and conventional perspectives Mohammed Jassem Mohammed, Rahmah Ismail, Ruzian Markom, The credit in general and credit card in particular have become important instrument for individuals, merchants and banks. The use of a credit card represents a part of daily activities nowadays; therefore, it has become a duty on the Muslim jurists to clarify the Islamic legal principle (Al-Takyif) for the card. Terminologies have a big impact on the jurisprudential adaptation to the extent that a new contract can be formed depending on the jurisprudential analysis. Therefore, the Muslim jurists differ in the term of credit in Islamic credit card transaction relating to the legitimate proof of the term and suitable description of credit to the card used. The jurists debated on the definition of credit card in the modern banking transaction; many of the view the term credit connotes “Al-I’timan” while others prefer “Al-Qard”. The objective of this article is to discuss comprehensively the adaptation of Islamic terminology to the credit card in the banking transaction. Islamic jurisprudential analytical approach was adopted in justifying the suitable terms of credit to credit card. It also applied the comparative approach in ascertaining the definition of credit card transaction in Islam. Finally, the discussion revealed that the term “Al-I’timan” refers to the term credit in the credit card transaction in Islam. Institut Kajian Rantau Asia Barat 2011 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/3282/1/v3n2-2011-4.pdf Mohammed Jassem Mohammed, and Rahmah Ismail, and Ruzian Markom, (2011) The jurisprudential differences about the Term credit “Al-I’timan” and credit card: Islamic and conventional perspectives. Jurnal Antarabangsa Kajian Asia Barat, 3 (2). pp. 59-81. ISSN 2229-8924 http://www.ukm.my/ijwas/
institution Universiti Kebangsaan Malaysia
building Perpustakaan Tun Sri Lanang Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Kebangsaan Malaysia
content_source UKM Journal Article Repository
url_provider http://journalarticle.ukm.my/
language English
description The credit in general and credit card in particular have become important instrument for individuals, merchants and banks. The use of a credit card represents a part of daily activities nowadays; therefore, it has become a duty on the Muslim jurists to clarify the Islamic legal principle (Al-Takyif) for the card. Terminologies have a big impact on the jurisprudential adaptation to the extent that a new contract can be formed depending on the jurisprudential analysis. Therefore, the Muslim jurists differ in the term of credit in Islamic credit card transaction relating to the legitimate proof of the term and suitable description of credit to the card used. The jurists debated on the definition of credit card in the modern banking transaction; many of the view the term credit connotes “Al-I’timan” while others prefer “Al-Qard”. The objective of this article is to discuss comprehensively the adaptation of Islamic terminology to the credit card in the banking transaction. Islamic jurisprudential analytical approach was adopted in justifying the suitable terms of credit to credit card. It also applied the comparative approach in ascertaining the definition of credit card transaction in Islam. Finally, the discussion revealed that the term “Al-I’timan” refers to the term credit in the credit card transaction in Islam.
format Article
author Mohammed Jassem Mohammed,
Rahmah Ismail,
Ruzian Markom,
spellingShingle Mohammed Jassem Mohammed,
Rahmah Ismail,
Ruzian Markom,
The jurisprudential differences about the Term credit “Al-I’timan” and credit card: Islamic and conventional perspectives
author_facet Mohammed Jassem Mohammed,
Rahmah Ismail,
Ruzian Markom,
author_sort Mohammed Jassem Mohammed,
title The jurisprudential differences about the Term credit “Al-I’timan” and credit card: Islamic and conventional perspectives
title_short The jurisprudential differences about the Term credit “Al-I’timan” and credit card: Islamic and conventional perspectives
title_full The jurisprudential differences about the Term credit “Al-I’timan” and credit card: Islamic and conventional perspectives
title_fullStr The jurisprudential differences about the Term credit “Al-I’timan” and credit card: Islamic and conventional perspectives
title_full_unstemmed The jurisprudential differences about the Term credit “Al-I’timan” and credit card: Islamic and conventional perspectives
title_sort jurisprudential differences about the term credit “al-i’timan” and credit card: islamic and conventional perspectives
publisher Institut Kajian Rantau Asia Barat
publishDate 2011
url http://journalarticle.ukm.my/3282/1/v3n2-2011-4.pdf
http://journalarticle.ukm.my/3282/
http://www.ukm.my/ijwas/
_version_ 1643735669572370432
score 13.211869

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