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Assessment of Ta'widh and Gharamah in Islamic financing contract and its' applicability potential for construction works contracts

Ta'widh and gharamah are the Shariah compliant late payment charges for Islamic financial contracts. Seven identified themes were used to qualitatively compare and contrast between the Guidelines on Late Payment Charges for Islamic Banking Institutions (2012) against the provisions of interest...

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Main Authors: Mohamad Hamdan, Noor Aishah, Ahmad Sarkawi, Azila, Abdullah Habib, Siti Nora Haryati, Othman, Ahmad Azam
Format: Conference or Workshop Item
Language:English
English
Published: e-International Publishing House Ltd 2020
Subjects:
HG3368 Islamic Banking and Finance
Online Access:http://irep.iium.edu.my/89142/1/89142_Assessment%20of%20Ta%E2%80%99widhand%20Gharamah_conf.%20article.pdf
http://irep.iium.edu.my/89142/7/89142_Assessment%20of%20Ta%27widh%20and%20Gharamah%20in%20Islamic_WoS.pdf
http://irep.iium.edu.my/89142/
https://ebpj.e-iph.co.uk/index.php/EBProceedings/article/view/2504
https://doi.org/10.21834/ebpj.v5i15.2504
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spelling my.iium.irep.891422021-04-14T04:53:46Z http://irep.iium.edu.my/89142/ Assessment of Ta'widh and Gharamah in Islamic financing contract and its' applicability potential for construction works contracts Mohamad Hamdan, Noor Aishah Ahmad Sarkawi, Azila Abdullah Habib, Siti Nora Haryati Othman, Ahmad Azam HG3368 Islamic Banking and Finance Ta'widh and gharamah are the Shariah compliant late payment charges for Islamic financial contracts. Seven identified themes were used to qualitatively compare and contrast between the Guidelines on Late Payment Charges for Islamic Banking Institutions (2012) against the provisions of interest for late interim payment from four Malaysian construction works contracts. The findings revealed similarities and differences for identification of Shariah compliance. Recommendations were made for the harmonisation of ta'widh and gharamah in the construction works contracts while ensuring its practical and legal applicability. The outcome is beneficial for Islamic organisations and Muslims involved with the construction works. e-International Publishing House Ltd 2020-12-25 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/89142/1/89142_Assessment%20of%20Ta%E2%80%99widhand%20Gharamah_conf.%20article.pdf application/pdf en http://irep.iium.edu.my/89142/7/89142_Assessment%20of%20Ta%27widh%20and%20Gharamah%20in%20Islamic_WoS.pdf Mohamad Hamdan, Noor Aishah and Ahmad Sarkawi, Azila and Abdullah Habib, Siti Nora Haryati and Othman, Ahmad Azam (2020) Assessment of Ta'widh and Gharamah in Islamic financing contract and its' applicability potential for construction works contracts. In: AMERABRA International Virtual Conference on Environmental Behavioral Studies 2nd Series, 2nd-3rd December 2020, Shah Alam, Selangor. https://ebpj.e-iph.co.uk/index.php/EBProceedings/article/view/2504 https://doi.org/10.21834/ebpj.v5i15.2504
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 HG3368 Islamic Banking and Finance
spellingShingle HG3368 Islamic Banking and Finance
Mohamad Hamdan, Noor Aishah
Ahmad Sarkawi, Azila
Abdullah Habib, Siti Nora Haryati
Othman, Ahmad Azam
Assessment of Ta'widh and Gharamah in Islamic financing contract and its' applicability potential for construction works contracts
description Ta'widh and gharamah are the Shariah compliant late payment charges for Islamic financial contracts. Seven identified themes were used to qualitatively compare and contrast between the Guidelines on Late Payment Charges for Islamic Banking Institutions (2012) against the provisions of interest for late interim payment from four Malaysian construction works contracts. The findings revealed similarities and differences for identification of Shariah compliance. Recommendations were made for the harmonisation of ta'widh and gharamah in the construction works contracts while ensuring its practical and legal applicability. The outcome is beneficial for Islamic organisations and Muslims involved with the construction works.
format Conference or Workshop Item
author Mohamad Hamdan, Noor Aishah
Ahmad Sarkawi, Azila
Abdullah Habib, Siti Nora Haryati
Othman, Ahmad Azam
author_facet Mohamad Hamdan, Noor Aishah
Ahmad Sarkawi, Azila
Abdullah Habib, Siti Nora Haryati
Othman, Ahmad Azam
author_sort Mohamad Hamdan, Noor Aishah
title Assessment of Ta'widh and Gharamah in Islamic financing contract and its' applicability potential for construction works contracts
title_short Assessment of Ta'widh and Gharamah in Islamic financing contract and its' applicability potential for construction works contracts
title_full Assessment of Ta'widh and Gharamah in Islamic financing contract and its' applicability potential for construction works contracts
title_fullStr Assessment of Ta'widh and Gharamah in Islamic financing contract and its' applicability potential for construction works contracts
title_full_unstemmed Assessment of Ta'widh and Gharamah in Islamic financing contract and its' applicability potential for construction works contracts
title_sort assessment of ta'widh and gharamah in islamic financing contract and its' applicability potential for construction works contracts
publisher e-International Publishing House Ltd
publishDate 2020
url http://irep.iium.edu.my/89142/1/89142_Assessment%20of%20Ta%E2%80%99widhand%20Gharamah_conf.%20article.pdf
http://irep.iium.edu.my/89142/7/89142_Assessment%20of%20Ta%27widh%20and%20Gharamah%20in%20Islamic_WoS.pdf
http://irep.iium.edu.my/89142/
https://ebpj.e-iph.co.uk/index.php/EBProceedings/article/view/2504
https://doi.org/10.21834/ebpj.v5i15.2504
_version_ 1698696745250193408
score 13.211869

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