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Modern applications of hibah in the light of shari'ah objectives of gift and donation contracts (al-tabarru'at)

After presenting the Sharīʿah objectives of both tabarruʿāt and hibah briefly, this paper looks at the applications of hibah as a “supporting Sharīʿah concept” in four contracts proposed to the Shariah Advisory Council of Bank Negara Malaysia (SAC). The four contracts are (1) Interbank Mudarabah Inv...

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Main Author: Ali, Mohammed Farid
Format: Article
Language:English
Published: Center for Islamic Sciences 2015
Subjects:
BL Religion
HG Finance
HV Social pathology. Social and public welfare
KBP Islamic Law
Online Access:http://irep.iium.edu.my/44234/1/JIS-13-1-Hiba-fff.pdf
http://irep.iium.edu.my/44234/
http://www.cis-ca.org/islamscience1.php
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spelling my.iium.irep.442342017-11-03T00:15:24Z http://irep.iium.edu.my/44234/ Modern applications of hibah in the light of shari'ah objectives of gift and donation contracts (al-tabarru'at) Ali, Mohammed Farid BL Religion HG Finance HV Social pathology. Social and public welfare KBP Islamic Law After presenting the Sharīʿah objectives of both tabarruʿāt and hibah briefly, this paper looks at the applications of hibah as a “supporting Sharīʿah concept” in four contracts proposed to the Shariah Advisory Council of Bank Negara Malaysia (SAC). The four contracts are (1) Interbank Mudarabah Investment Contract, (2) al-Ijarah thumma-l-Bayʿ Contract, (3) Wadiʿah Contract, and (4) Qarḍ Contract. Do these modern applications of hibah realize the maqāṣid of al-tabarruʿāt and hibah? Beside positive maqāṣid, the paper also looks into instances in which hibah is utilized to serve purposes which are negative in nature such as ribāʾ and bribery (rishwah). Based on the maqasidic approach to tabarruʿāt and hibah, the paper recommends terms and conditions when combining hibah with other transactions and contracts. These conditions will seek to overcome the violation of the original maqāṣid of the hibah and tabarruʿāt. Center for Islamic Sciences 2015-08 Article REM application/pdf en http://irep.iium.edu.my/44234/1/JIS-13-1-Hiba-fff.pdf Ali, Mohammed Farid (2015) Modern applications of hibah in the light of shari'ah objectives of gift and donation contracts (al-tabarru'at). Islamic Sciences , 13 (1). pp. 27-42. ISSN 1929-9443 http://www.cis-ca.org/islamscience1.php
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 BL Religion
HG Finance
HV Social pathology. Social and public welfare
KBP Islamic Law
spellingShingle BL Religion
HG Finance
HV Social pathology. Social and public welfare
KBP Islamic Law
Ali, Mohammed Farid
Modern applications of hibah in the light of shari'ah objectives of gift and donation contracts (al-tabarru'at)
description After presenting the Sharīʿah objectives of both tabarruʿāt and hibah briefly, this paper looks at the applications of hibah as a “supporting Sharīʿah concept” in four contracts proposed to the Shariah Advisory Council of Bank Negara Malaysia (SAC). The four contracts are (1) Interbank Mudarabah Investment Contract, (2) al-Ijarah thumma-l-Bayʿ Contract, (3) Wadiʿah Contract, and (4) Qarḍ Contract. Do these modern applications of hibah realize the maqāṣid of al-tabarruʿāt and hibah? Beside positive maqāṣid, the paper also looks into instances in which hibah is utilized to serve purposes which are negative in nature such as ribāʾ and bribery (rishwah). Based on the maqasidic approach to tabarruʿāt and hibah, the paper recommends terms and conditions when combining hibah with other transactions and contracts. These conditions will seek to overcome the violation of the original maqāṣid of the hibah and tabarruʿāt.
format Article
author Ali, Mohammed Farid
author_facet Ali, Mohammed Farid
author_sort Ali, Mohammed Farid
title Modern applications of hibah in the light of shari'ah objectives of gift and donation contracts (al-tabarru'at)
title_short Modern applications of hibah in the light of shari'ah objectives of gift and donation contracts (al-tabarru'at)
title_full Modern applications of hibah in the light of shari'ah objectives of gift and donation contracts (al-tabarru'at)
title_fullStr Modern applications of hibah in the light of shari'ah objectives of gift and donation contracts (al-tabarru'at)
title_full_unstemmed Modern applications of hibah in the light of shari'ah objectives of gift and donation contracts (al-tabarru'at)
title_sort modern applications of hibah in the light of shari'ah objectives of gift and donation contracts (al-tabarru'at)
publisher Center for Islamic Sciences
publishDate 2015
url http://irep.iium.edu.my/44234/1/JIS-13-1-Hiba-fff.pdf
http://irep.iium.edu.my/44234/
http://www.cis-ca.org/islamscience1.php
_version_ 1643612536259477504
score 13.211869

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