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Achieving the maqasid of Islamic finance through Social Impact Bonds (SIB) and Sustainable and Responsible Investment (SRI) sukuk

This paper looks into the underlying principles of Social Impact Bond (SIB) and Sustainable and Responsible Investment (SRI) sukuk as compared to the values embodied within maqasid al-Shari‘ah and maslahah. Through a critical review of literature related to SIB, SRI sukuk, maqasid al-Shari'ah a...

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Main Authors: Syed Azman, Syed Marwan Mujahid, Haneef, Mohamed Aslam, Engku Ali, Engku Rabiah Adawiah, Ismail, Suhaiza
Format: Conference or Workshop Item
Language:English
English
Published: UNIDA Gontor Press 2019
Subjects:
BPH437 Sukuk - Islamic Bond
HG Finance
HG3368 Islamic Banking and Finance
Online Access:http://irep.iium.edu.my/83652/1/83652_Achieving%20the%20maqasid%20of%20Islamic%20finance.pdf
http://irep.iium.edu.my/83652/2/83652_Achieving%20the%20maqasid%20of%20Islamic%20finance.supp.pdf
http://irep.iium.edu.my/83652/
http://ei.unida.gontor.ac.id/proceeding-of-7th-asean-universities-international-conference-on-islamic-finance-aicif-2019/
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spelling my.iium.irep.836522020-10-14T08:27:30Z http://irep.iium.edu.my/83652/ Achieving the maqasid of Islamic finance through Social Impact Bonds (SIB) and Sustainable and Responsible Investment (SRI) sukuk Syed Azman, Syed Marwan Mujahid Haneef, Mohamed Aslam Engku Ali, Engku Rabiah Adawiah Ismail, Suhaiza BPH437 Sukuk - Islamic Bond HG Finance HG3368 Islamic Banking and Finance This paper looks into the underlying principles of Social Impact Bond (SIB) and Sustainable and Responsible Investment (SRI) sukuk as compared to the values embodied within maqasid al-Shari‘ah and maslahah. Through a critical review of literature related to SIB, SRI sukuk, maqasid al-Shari'ah and maslahah, the paper attempts to delineate the elements embedded within these financial tools from an Islamic perspective. The paper explicates that SIB and SRI sukuk are financial mechanisms that epitomises the ethical and moral framework of the Shari‘ah as their underlying principles are congruent with the concepts within maqasid al-Shari'ah and maslahah. Thus, the SIB and SRI sukuk models should be given more attention by Islamic banks and Islamic financial institutions whose philosophical foundation is built upon the principles of maqasid al-Shari'ah and maslahah. UNIDA Gontor Press 2019-12-03 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/83652/1/83652_Achieving%20the%20maqasid%20of%20Islamic%20finance.pdf application/pdf en http://irep.iium.edu.my/83652/2/83652_Achieving%20the%20maqasid%20of%20Islamic%20finance.supp.pdf Syed Azman, Syed Marwan Mujahid and Haneef, Mohamed Aslam and Engku Ali, Engku Rabiah Adawiah and Ismail, Suhaiza (2019) Achieving the maqasid of Islamic finance through Social Impact Bonds (SIB) and Sustainable and Responsible Investment (SRI) sukuk. In: Proceeding of 7th ASEAN Universities International Conference on Islamic Finance (AICIF) 2019, 3rd -4th December 2019, Indonesia. (Unpublished) http://ei.unida.gontor.ac.id/proceeding-of-7th-asean-universities-international-conference-on-islamic-finance-aicif-2019/
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
English
topic BPH437 Sukuk - Islamic Bond
HG Finance
HG3368 Islamic Banking and Finance
spellingShingle BPH437 Sukuk - Islamic Bond
HG Finance
HG3368 Islamic Banking and Finance
Syed Azman, Syed Marwan Mujahid
Haneef, Mohamed Aslam
Engku Ali, Engku Rabiah Adawiah
Ismail, Suhaiza
Achieving the maqasid of Islamic finance through Social Impact Bonds (SIB) and Sustainable and Responsible Investment (SRI) sukuk
description This paper looks into the underlying principles of Social Impact Bond (SIB) and Sustainable and Responsible Investment (SRI) sukuk as compared to the values embodied within maqasid al-Shari‘ah and maslahah. Through a critical review of literature related to SIB, SRI sukuk, maqasid al-Shari'ah and maslahah, the paper attempts to delineate the elements embedded within these financial tools from an Islamic perspective. The paper explicates that SIB and SRI sukuk are financial mechanisms that epitomises the ethical and moral framework of the Shari‘ah as their underlying principles are congruent with the concepts within maqasid al-Shari'ah and maslahah. Thus, the SIB and SRI sukuk models should be given more attention by Islamic banks and Islamic financial institutions whose philosophical foundation is built upon the principles of maqasid al-Shari'ah and maslahah.
format Conference or Workshop Item
author Syed Azman, Syed Marwan Mujahid
Haneef, Mohamed Aslam
Engku Ali, Engku Rabiah Adawiah
Ismail, Suhaiza
author_facet Syed Azman, Syed Marwan Mujahid
Haneef, Mohamed Aslam
Engku Ali, Engku Rabiah Adawiah
Ismail, Suhaiza
author_sort Syed Azman, Syed Marwan Mujahid
title Achieving the maqasid of Islamic finance through Social Impact Bonds (SIB) and Sustainable and Responsible Investment (SRI) sukuk
title_short Achieving the maqasid of Islamic finance through Social Impact Bonds (SIB) and Sustainable and Responsible Investment (SRI) sukuk
title_full Achieving the maqasid of Islamic finance through Social Impact Bonds (SIB) and Sustainable and Responsible Investment (SRI) sukuk
title_fullStr Achieving the maqasid of Islamic finance through Social Impact Bonds (SIB) and Sustainable and Responsible Investment (SRI) sukuk
title_full_unstemmed Achieving the maqasid of Islamic finance through Social Impact Bonds (SIB) and Sustainable and Responsible Investment (SRI) sukuk
title_sort achieving the maqasid of islamic finance through social impact bonds (sib) and sustainable and responsible investment (sri) sukuk
publisher UNIDA Gontor Press
publishDate 2019
url http://irep.iium.edu.my/83652/1/83652_Achieving%20the%20maqasid%20of%20Islamic%20finance.pdf
http://irep.iium.edu.my/83652/2/83652_Achieving%20the%20maqasid%20of%20Islamic%20finance.supp.pdf
http://irep.iium.edu.my/83652/
http://ei.unida.gontor.ac.id/proceeding-of-7th-asean-universities-international-conference-on-islamic-finance-aicif-2019/
_version_ 1681489298723962880
score 13.211869

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