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Qard Al-Hasan Funds as Islamic Social Finance Mode: Analytical Study of Islamic Banks of Yemen

This study aims to review and discuss the Qard al-hasan in Islamic banks in Yemen. The study also discusses the challenges that face Qard al-hasan product. It follows series of approaches to achieve the objectives of the study. It uses a descriptive approach to study the element of...

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Main Authors: Al-Melahi, Abdellah Ali Ahmed, Adam Sa'ad, Auwal, Othman, Anwar Hasan Abdullah
Format: Article
Language:English
Published: IIUM Press 2021
Subjects:
HJ1438 Public Finance In Islam
Online Access:http://irep.iium.edu.my/89871/1/89871_Qard%20Al-Hasan%20Funds%20as%20Islamic%20Social%20Finance%20Mode.pdf
http://irep.iium.edu.my/89871/
https://journals.iium.edu.my/iiibf-journal/index.php/ijaiwf/article/view/548
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spelling my.iium.irep.898712021-05-18T02:31:39Z http://irep.iium.edu.my/89871/ Qard Al-Hasan Funds as Islamic Social Finance Mode: Analytical Study of Islamic Banks of Yemen Al-Melahi, Abdellah Ali Ahmed Adam Sa'ad, Auwal Othman, Anwar Hasan Abdullah HJ1438 Public Finance In Islam This study aims to review and discuss the Qard al-hasan in Islamic banks in Yemen. The study also discusses the challenges that face Qard al-hasan product. It follows series of approaches to achieve the objectives of the study. It uses a descriptive approach to study the element of the subject. It also uses the analytical approach to analyze annual financial and social responsibility reports that issued by the largest Islamic banks and compares them. T he comparative approach was also used when comparing between Islamic banks in granting Qard al-hasan amount. The study finds that Islamic banks can finance by Qard al-hasan. The study also finds the percentage of Qard al-hasan application is different from one bank to another. The study concludes that Qard al-hasan product did not include the social responsibility reports as Islamic social finance mode. Moreover, The Islamic banks in Yemen do not infinitive publish and special reports on the number of clients or the purpose of the financing of Qard al-hasan. The study concludes with a number of recommendations including the need to activate Qard al-hasan product, show it as socially responsible, and finance it by several sources. The study also recommends that the supervisory authorities to legislate policies and procedures related to the Qard al-hasan product with cooperation with Islamic banks and relevant authorities. IIUM Press 2021-05-11 Article PeerReviewed application/pdf en http://irep.iium.edu.my/89871/1/89871_Qard%20Al-Hasan%20Funds%20as%20Islamic%20Social%20Finance%20Mode.pdf Al-Melahi, Abdellah Ali Ahmed and Adam Sa'ad, Auwal and Othman, Anwar Hasan Abdullah (2021) Qard Al-Hasan Funds as Islamic Social Finance Mode: Analytical Study of Islamic Banks of Yemen. International Journal of Al-Turath In Islamic Wealth and Finance, 2 (2). pp. 149-170. E-ISSN 2716-6856 https://journals.iium.edu.my/iiibf-journal/index.php/ijaiwf/article/view/548
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 HJ1438 Public Finance In Islam
spellingShingle HJ1438 Public Finance In Islam
Al-Melahi, Abdellah Ali Ahmed
Adam Sa'ad, Auwal
Othman, Anwar Hasan Abdullah
Qard Al-Hasan Funds as Islamic Social Finance Mode: Analytical Study of Islamic Banks of Yemen
description This study aims to review and discuss the Qard al-hasan in Islamic banks in Yemen. The study also discusses the challenges that face Qard al-hasan product. It follows series of approaches to achieve the objectives of the study. It uses a descriptive approach to study the element of the subject. It also uses the analytical approach to analyze annual financial and social responsibility reports that issued by the largest Islamic banks and compares them. T he comparative approach was also used when comparing between Islamic banks in granting Qard al-hasan amount. The study finds that Islamic banks can finance by Qard al-hasan. The study also finds the percentage of Qard al-hasan application is different from one bank to another. The study concludes that Qard al-hasan product did not include the social responsibility reports as Islamic social finance mode. Moreover, The Islamic banks in Yemen do not infinitive publish and special reports on the number of clients or the purpose of the financing of Qard al-hasan. The study concludes with a number of recommendations including the need to activate Qard al-hasan product, show it as socially responsible, and finance it by several sources. The study also recommends that the supervisory authorities to legislate policies and procedures related to the Qard al-hasan product with cooperation with Islamic banks and relevant authorities.
format Article
author Al-Melahi, Abdellah Ali Ahmed
Adam Sa'ad, Auwal
Othman, Anwar Hasan Abdullah
author_facet Al-Melahi, Abdellah Ali Ahmed
Adam Sa'ad, Auwal
Othman, Anwar Hasan Abdullah
author_sort Al-Melahi, Abdellah Ali Ahmed
title Qard Al-Hasan Funds as Islamic Social Finance Mode: Analytical Study of Islamic Banks of Yemen
title_short Qard Al-Hasan Funds as Islamic Social Finance Mode: Analytical Study of Islamic Banks of Yemen
title_full Qard Al-Hasan Funds as Islamic Social Finance Mode: Analytical Study of Islamic Banks of Yemen
title_fullStr Qard Al-Hasan Funds as Islamic Social Finance Mode: Analytical Study of Islamic Banks of Yemen
title_full_unstemmed Qard Al-Hasan Funds as Islamic Social Finance Mode: Analytical Study of Islamic Banks of Yemen
title_sort qard al-hasan funds as islamic social finance mode: analytical study of islamic banks of yemen
publisher IIUM Press
publishDate 2021
url http://irep.iium.edu.my/89871/1/89871_Qard%20Al-Hasan%20Funds%20as%20Islamic%20Social%20Finance%20Mode.pdf
http://irep.iium.edu.my/89871/
https://journals.iium.edu.my/iiibf-journal/index.php/ijaiwf/article/view/548
_version_ 1701162798278508544
score 13.211869

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