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An appraisal of Al-Ijarah Al-Mawsufah Fi Al-Dhimmah (forward ijarah) from fiqh perspective

Al-IjÉrah Al-MawÎËfah FÊ Al-Dhimmah (forward ijÉrah) is a new form of transactions introduced to the Islamic banking industry which has original ground in the classical books of Islamic Jurisprudence. Most of the classical scholars discussed it with particularized ijÉrah in parallel without any sepa...

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Main Author: Mohammad Monawer, A.T.
Format: Conference or Workshop Item
Published: 2012
Subjects:
H Social Sciences (General)
HG Finance
Online Access:http://eprints.um.edu.my/9872/
http://works.bepress.com/monawer/1/
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spelling my.um.eprints.98722014-05-15T01:37:25Z http://eprints.um.edu.my/9872/ An appraisal of Al-Ijarah Al-Mawsufah Fi Al-Dhimmah (forward ijarah) from fiqh perspective Mohammad Monawer, A.T. H Social Sciences (General) HG Finance Al-IjÉrah Al-MawÎËfah FÊ Al-Dhimmah (forward ijÉrah) is a new form of transactions introduced to the Islamic banking industry which has original ground in the classical books of Islamic Jurisprudence. Most of the classical scholars discussed it with particularized ijÉrah in parallel without any separation of chapters or headings unlike al-BahËtÊ and al-MinhÉjÊ. The scholars of four schools of Islamic Law are unanimously agreed on the legality of forward ijÉrah albeit some contemporary scholars mention the early dispute in this regard and attribute prohibition of forward ijÉrah to ×anafÊ School. This attribution is not accurate as it is proved by their many classical texts. Forward ijÉrah could be more flexible for both customers and banks to the extent that it does not become void if the stipulated usufruct damages while particularized ijÉrah becomes void because of damage of the object. Therefore, there is a need for further research in this regard in order to innovate some new tools that can improve the services of Islamic financial intuitions. 2012 Conference or Workshop Item PeerReviewed Mohammad Monawer, A.T. (2012) An appraisal of Al-Ijarah Al-Mawsufah Fi Al-Dhimmah (forward ijarah) from fiqh perspective. In: Towards an Integrated Framework for Authentic Juridical Construction (2012), December 2012, International Islamic University Malaysia (IIUM), Gombak, Kuala Lumpur. http://works.bepress.com/monawer/1/
institution Universiti Malaya
building UM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Malaya
content_source UM Research Repository
url_provider http://eprints.um.edu.my/
topic H Social Sciences (General)
HG Finance
spellingShingle H Social Sciences (General)
HG Finance
Mohammad Monawer, A.T.
An appraisal of Al-Ijarah Al-Mawsufah Fi Al-Dhimmah (forward ijarah) from fiqh perspective
description Al-IjÉrah Al-MawÎËfah FÊ Al-Dhimmah (forward ijÉrah) is a new form of transactions introduced to the Islamic banking industry which has original ground in the classical books of Islamic Jurisprudence. Most of the classical scholars discussed it with particularized ijÉrah in parallel without any separation of chapters or headings unlike al-BahËtÊ and al-MinhÉjÊ. The scholars of four schools of Islamic Law are unanimously agreed on the legality of forward ijÉrah albeit some contemporary scholars mention the early dispute in this regard and attribute prohibition of forward ijÉrah to ×anafÊ School. This attribution is not accurate as it is proved by their many classical texts. Forward ijÉrah could be more flexible for both customers and banks to the extent that it does not become void if the stipulated usufruct damages while particularized ijÉrah becomes void because of damage of the object. Therefore, there is a need for further research in this regard in order to innovate some new tools that can improve the services of Islamic financial intuitions.
format Conference or Workshop Item
author Mohammad Monawer, A.T.
author_facet Mohammad Monawer, A.T.
author_sort Mohammad Monawer, A.T.
title An appraisal of Al-Ijarah Al-Mawsufah Fi Al-Dhimmah (forward ijarah) from fiqh perspective
title_short An appraisal of Al-Ijarah Al-Mawsufah Fi Al-Dhimmah (forward ijarah) from fiqh perspective
title_full An appraisal of Al-Ijarah Al-Mawsufah Fi Al-Dhimmah (forward ijarah) from fiqh perspective
title_fullStr An appraisal of Al-Ijarah Al-Mawsufah Fi Al-Dhimmah (forward ijarah) from fiqh perspective
title_full_unstemmed An appraisal of Al-Ijarah Al-Mawsufah Fi Al-Dhimmah (forward ijarah) from fiqh perspective
title_sort appraisal of al-ijarah al-mawsufah fi al-dhimmah (forward ijarah) from fiqh perspective
publishDate 2012
url http://eprints.um.edu.my/9872/
http://works.bepress.com/monawer/1/
_version_ 1643688674313895936
score 13.211869

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