Staff View: Establishment of Shariah principles on interest for late interim payment for construction works

Establishment of Shariah principles on interest for late interim payment for construction works

Under the Malaysian law, the failure of an employer on making timely interim payments towards its contractor as agreed in the construction works contracts give rise to the rights of the contractor to claim for interest. The aim of this study is to establish Shariah principles based on the current pr...

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Main Authors:	Mohamad Hamdan, Noor Aishah, Ahmad Sarkawi, Azila, Abdullah Habib, Siti Nora Haryati
Format:	Proceeding Paper
Language:	English
Published:	KPIJ Press 2019
Subjects:	KBP Islamic Law T Technology (General) T173.5 Technology and Islam
Online Access:	http://irep.iium.edu.my/108027/1/108027_Establishment%20of%20Shariah%20principles.pdf http://irep.iium.edu.my/108027/ https://www.speki2019.marsah.edu.my/images/speki19isbn.pdf
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id	my.iium.irep.108027
record_format	dspace
spelling	my.iium.irep.1080272023-11-10T02:01:04Z http://irep.iium.edu.my/108027/ Establishment of Shariah principles on interest for late interim payment for construction works Mohamad Hamdan, Noor Aishah Ahmad Sarkawi, Azila Abdullah Habib, Siti Nora Haryati KBP Islamic Law T Technology (General) T173.5 Technology and Islam Under the Malaysian law, the failure of an employer on making timely interim payments towards its contractor as agreed in the construction works contracts give rise to the rights of the contractor to claim for interest. The aim of this study is to establish Shariah principles based on the current practise of awarding interest to the contractors due to the said default. To achieve this, a qualitative study was conducted through thematic analysis of selected construction cases awarded in the Malaysian courts. From the analysis, Shariah principles are established by referring to the Al-Quran and As-Sunnah as well as Islamic legal maxims. It is recommended that the Shariah principles established from this study to be integrated in the provision of late interim payment charges during the formation of construction works contract to be in harmony with the Islamic teachings. KPIJ Press 2019 Proceeding Paper PeerReviewed application/pdf en http://irep.iium.edu.my/108027/1/108027_Establishment%20of%20Shariah%20principles.pdf Mohamad Hamdan, Noor Aishah and Ahmad Sarkawi, Azila and Abdullah Habib, Siti Nora Haryati (2019) Establishment of Shariah principles on interest for late interim payment for construction works. In: International Conference on Islamic Law, Economy & Finance (SPEKI 2019), 11th - 12th November 2019, Lotus Desaru Beach Resort & Spa, Johor, Malaysia. https://www.speki2019.marsah.edu.my/images/speki19isbn.pdf
institution	Universiti Islam Antarabangsa Malaysia
building	IIUM Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	International Islamic University Malaysia
content_source	IIUM Repository (IREP)
url_provider	http://irep.iium.edu.my/
language	English
topic	KBP Islamic Law T Technology (General) T173.5 Technology and Islam
spellingShingle	KBP Islamic Law T Technology (General) T173.5 Technology and Islam Mohamad Hamdan, Noor Aishah Ahmad Sarkawi, Azila Abdullah Habib, Siti Nora Haryati Establishment of Shariah principles on interest for late interim payment for construction works
description	Under the Malaysian law, the failure of an employer on making timely interim payments towards its contractor as agreed in the construction works contracts give rise to the rights of the contractor to claim for interest. The aim of this study is to establish Shariah principles based on the current practise of awarding interest to the contractors due to the said default. To achieve this, a qualitative study was conducted through thematic analysis of selected construction cases awarded in the Malaysian courts. From the analysis, Shariah principles are established by referring to the Al-Quran and As-Sunnah as well as Islamic legal maxims. It is recommended that the Shariah principles established from this study to be integrated in the provision of late interim payment charges during the formation of construction works contract to be in harmony with the Islamic teachings.
format	Proceeding Paper
author	Mohamad Hamdan, Noor Aishah Ahmad Sarkawi, Azila Abdullah Habib, Siti Nora Haryati
author_facet	Mohamad Hamdan, Noor Aishah Ahmad Sarkawi, Azila Abdullah Habib, Siti Nora Haryati
author_sort	Mohamad Hamdan, Noor Aishah
title	Establishment of Shariah principles on interest for late interim payment for construction works
title_short	Establishment of Shariah principles on interest for late interim payment for construction works
title_full	Establishment of Shariah principles on interest for late interim payment for construction works
title_fullStr	Establishment of Shariah principles on interest for late interim payment for construction works
title_full_unstemmed	Establishment of Shariah principles on interest for late interim payment for construction works
title_sort	establishment of shariah principles on interest for late interim payment for construction works
publisher	KPIJ Press
publishDate	2019
url	http://irep.iium.edu.my/108027/1/108027_Establishment%20of%20Shariah%20principles.pdf http://irep.iium.edu.my/108027/ https://www.speki2019.marsah.edu.my/images/speki19isbn.pdf
_version_	1783876112078602240
score	13.211869

Establishment of Shariah principles on interest for late interim payment for construction works

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