ISRA International Journal of Islamic Finance: Volume 9 Issue 2 , Open Access

Editorial

Ashraf Md. Hashim

An economic theory of Islamic finance

Mabid Ali Al-Jarhi

This paper aims to provide an economic rationale for Islamic finance.

CSR practices of Palestinian Islamic banks: contribution to socio-economic development

Abdalrahman Mohamed Migdad

Corporate social responsibility (CSR) is an important corporate activity that affirms the importance of giving back to the community. This research aims to examine the CSR…

The concept and application of ḍamān al-milkiyyah (ownership risk): Islamic law of contract perspective

Lutfi Abdul Razak, Muhammad Nabil Saupi

The purpose of this paper is to elucidate the concept of ḍamān al-milkiyyah (ownership risk) and to assess its application in contemporary Islamic financial products and services.

Corporate demand for general takāful in Malaysia

Hamim Syahrum Ahmad Mokhtar, Izwayu Abdul Aziz, Noraziyah Md Hilal

This study on corporate demand for general takāful (Islamic insurance) aims to identify potential growth areas and areas for improvement in takāful business practices in Malaysia.

Preference shares: analysis of Sharīʿah issues

Shamsiah Mohamad, Mezbah Uddin Ahmed, Mohd Bahroddin Badri

The purpose of this paper is to analyze the different features of preference shares from accounting and Sharīʿah perspectives. It also aims to study Sharīʿah issues arising from…

Financial reporting of intangible assets in Islamic finance

Syed Musa Alhabshi, Hafiz Majdi Ab Rashid, Sharifah Khadijah Syed Agil, Mezbah Uddin Ahmed

This paper aims to address the financial reporting dimensions of intangible assets with specific reference to International Accounting Standards (IAS) 38 as well as relevant…

Sharīʿah non-compliant assets as rahn (pledge) in Islamic banking products: a fiqhī perspective

Lokmanulhakim Hussain, Mohammad Mahbubi Ali

The purpose of this study is to present a framework regarding the use of Sharīʿah non-compliant assets as rahn (pledge) and to provide the Sharīʿah analysis on the application of…

Contra trading in Bursa Malaysia Securities Berhad: a Sharīʿah and legal appraisal

Noor Suhaida Kasri, Burhanuddin Lukman

The purpose of this paper is to analyze the practice of contra trading in Bursa Malaysia Securities Berhad. Through a critical examination of the practice, it aims to discuss the…

The goods and services tax (GST) on takāful products: a critical Sharīʿah appraisal

Burhanuddin Lukman, Saba’ Radwan Jamal Elatrash

This paper aims to ascertain the Sharīʿah (Islamic law) stance on the imposition of goods and services tax (GST) on tabarruʿ-based takāful (donation-based Islamic insurance…

The effect of IFSA 2013 on late payment of takāful benefits

Muhammad Ali Jinnah Ahmad, Burhanuddin Lukman

This paper aims to examine the implications of compensation on late payment of takāful benefit imposed in the Islamic Financial Services Act 2013 on the takāful industry in…