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Beyond Shari‘ah compliance: achieving Maqasid Al-Shari‘ah through Social Impact Bonds (SIB) and Sustainable & 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. The paper attempts to delineate the elements embedded within these financial tools from an Is...

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Main Authors: Syed Azman, Syed Marwan Mujahid, Haneef, Mohamed Aslam, Engku Ali, Engku Rabiah Adawiah, Ismail, Suhaiza
Format: Book Chapter
Language:English
Published: Kolej Profesional Baitulmal Kuala Lumpur (KPBKL) 2021
Subjects:
BPH Islamic Economics
HG3368 Islamic Banking and Finance
Online Access:http://irep.iium.edu.my/95922/7/95922_Beyond%20Shari%E2%80%98ah%20compliance.pdf
http://irep.iium.edu.my/95922/
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spelling my.iium.irep.959222022-01-14T09:04:17Z http://irep.iium.edu.my/95922/ Beyond Shari‘ah compliance: achieving Maqasid Al-Shari‘ah through Social Impact Bonds (SIB) and Sustainable & Responsible Investment (SRI) Sukuk Syed Azman, Syed Marwan Mujahid Haneef, Mohamed Aslam Engku Ali, Engku Rabiah Adawiah Ismail, Suhaiza BPH Islamic Economics 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. The paper attempts to delineate the elements embedded within these financial tools from an Islamic perspective through a critical review of literature related to SIB, SRI sukuk, maqasid al-Shari’ah and maslahah. The paper explicates that SIB and SRI sukuk are financial instruments 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. Kolej Profesional Baitulmal Kuala Lumpur (KPBKL) 2021 Book Chapter PeerReviewed application/pdf en http://irep.iium.edu.my/95922/7/95922_Beyond%20Shari%E2%80%98ah%20compliance.pdf Syed Azman, Syed Marwan Mujahid and Haneef, Mohamed Aslam and Engku Ali, Engku Rabiah Adawiah and Ismail, Suhaiza (2021) Beyond Shari‘ah compliance: achieving Maqasid Al-Shari‘ah through Social Impact Bonds (SIB) and Sustainable & Responsible Investment (SRI) Sukuk. In: Pembinaan tamadun melalui industri patuh Syariah Volum 1: Ekonomi, kewangan dan pengurusan patuh Syariah. Kolej Profesional Baitulmal Kuala Lumpur (KPBKL), pp. 350-362. ISBN 9789671684337
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 BPH Islamic Economics
HG3368 Islamic Banking and Finance
spellingShingle BPH Islamic Economics
HG3368 Islamic Banking and Finance
Syed Azman, Syed Marwan Mujahid
Haneef, Mohamed Aslam
Engku Ali, Engku Rabiah Adawiah
Ismail, Suhaiza
Beyond Shari‘ah compliance: achieving Maqasid Al-Shari‘ah through Social Impact Bonds (SIB) and Sustainable & 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. The paper attempts to delineate the elements embedded within these financial tools from an Islamic perspective through a critical review of literature related to SIB, SRI sukuk, maqasid al-Shari’ah and maslahah. The paper explicates that SIB and SRI sukuk are financial instruments 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 Book Chapter
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 Beyond Shari‘ah compliance: achieving Maqasid Al-Shari‘ah through Social Impact Bonds (SIB) and Sustainable & Responsible Investment (SRI) Sukuk
title_short Beyond Shari‘ah compliance: achieving Maqasid Al-Shari‘ah through Social Impact Bonds (SIB) and Sustainable & Responsible Investment (SRI) Sukuk
title_full Beyond Shari‘ah compliance: achieving Maqasid Al-Shari‘ah through Social Impact Bonds (SIB) and Sustainable & Responsible Investment (SRI) Sukuk
title_fullStr Beyond Shari‘ah compliance: achieving Maqasid Al-Shari‘ah through Social Impact Bonds (SIB) and Sustainable & Responsible Investment (SRI) Sukuk
title_full_unstemmed Beyond Shari‘ah compliance: achieving Maqasid Al-Shari‘ah through Social Impact Bonds (SIB) and Sustainable & Responsible Investment (SRI) Sukuk
title_sort beyond shari‘ah compliance: achieving maqasid al-shari‘ah through social impact bonds (sib) and sustainable & responsible investment (sri) sukuk
publisher Kolej Profesional Baitulmal Kuala Lumpur (KPBKL)
publishDate 2021
url http://irep.iium.edu.my/95922/7/95922_Beyond%20Shari%E2%80%98ah%20compliance.pdf
http://irep.iium.edu.my/95922/
_version_ 1724072812216320000
score 13.211869

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