Islamic hire purchase law is getting special attention in Malaysia: a socio legal analysis

The Muamalah Hire Purchase Bill (MHPB) was initially prepared by a group of members of the shariah supervisory council of Bank Islam Malaysia Berhad (BIMB) in 1991 and it was later submitted to the Ministry of Domestic Trade and Consumer Affairs in Malaysia and the Central Bank of Malaysia for revie...

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Main Author:	Md. Abdul , Jalil
Format:	Article
Language:	English
Published:	Macrothink Institute, USA 2013
Subjects:	KBP173.25 Islamic law and other disciplines or subjects
Online Access:	http://irep.iium.edu.my/35375/ http://irep.iium.edu.my/35375/ http://irep.iium.edu.my/35375/ http://irep.iium.edu.my/35375/1/Islamic_hire_purchase_law_1.pdf

id	iium-35375
recordtype	eprints
spelling	iium-353752014-05-26T01:02:15Z http://irep.iium.edu.my/35375/ Islamic hire purchase law is getting special attention in Malaysia: a socio legal analysis Md. Abdul , Jalil KBP173.25 Islamic law and other disciplines or subjects The Muamalah Hire Purchase Bill (MHPB) was initially prepared by a group of members of the shariah supervisory council of Bank Islam Malaysia Berhad (BIMB) in 1991 and it was later submitted to the Ministry of Domestic Trade and Consumer Affairs in Malaysia and the Central Bank of Malaysia for review. Finally in the year 2000, it was referred to the Attorney General’s Chamber for further examination whether it met the shariah rules and how it could be implemented in Malaysia. However, the Bill could still not be submitted to the Parliament until today for consideration and approval due to certain reasons. The objective of this paper is to discuss the nature of the Islamic hire purchase contract (IHPC) and to compare it with the traditional hire purchase contract (THPC) for purposes to find the difference between the two systems of law. Descriptive and analytical research methodology had been applied in this research paper to analyze the collected data. Macrothink Institute, USA 2013 Article PeerReviewed application/pdf en http://irep.iium.edu.my/35375/1/Islamic_hire_purchase_law_1.pdf Md. Abdul , Jalil (2013) Islamic hire purchase law is getting special attention in Malaysia: a socio legal analysis. Journal of Sociological Research, 4 (2). pp. 28-50. ISSN 1948 - 5468 http://www.macrothink.org/journal/index.php/jsr/article/view/3796 10.5296/jsr.v4i2 . 3796
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	KBP173.25 Islamic law and other disciplines or subjects
spellingShingle	KBP173.25 Islamic law and other disciplines or subjects Md. Abdul , Jalil Islamic hire purchase law is getting special attention in Malaysia: a socio legal analysis
description	The Muamalah Hire Purchase Bill (MHPB) was initially prepared by a group of members of the shariah supervisory council of Bank Islam Malaysia Berhad (BIMB) in 1991 and it was later submitted to the Ministry of Domestic Trade and Consumer Affairs in Malaysia and the Central Bank of Malaysia for review. Finally in the year 2000, it was referred to the Attorney General’s Chamber for further examination whether it met the shariah rules and how it could be implemented in Malaysia. However, the Bill could still not be submitted to the Parliament until today for consideration and approval due to certain reasons. The objective of this paper is to discuss the nature of the Islamic hire purchase contract (IHPC) and to compare it with the traditional hire purchase contract (THPC) for purposes to find the difference between the two systems of law. Descriptive and analytical research methodology had been applied in this research paper to analyze the collected data.
format	Article
author	Md. Abdul , Jalil
author_facet	Md. Abdul , Jalil
author_sort	Md. Abdul , Jalil
title	Islamic hire purchase law is getting special attention in Malaysia: a socio legal analysis
title_short	Islamic hire purchase law is getting special attention in Malaysia: a socio legal analysis
title_full	Islamic hire purchase law is getting special attention in Malaysia: a socio legal analysis
title_fullStr	Islamic hire purchase law is getting special attention in Malaysia: a socio legal analysis
title_full_unstemmed	Islamic hire purchase law is getting special attention in Malaysia: a socio legal analysis
title_sort	islamic hire purchase law is getting special attention in malaysia: a socio legal analysis
publisher	Macrothink Institute, USA
publishDate	2013
url	http://irep.iium.edu.my/35375/ http://irep.iium.edu.my/35375/ http://irep.iium.edu.my/35375/ http://irep.iium.edu.my/35375/1/Islamic_hire_purchase_law_1.pdf
first_indexed	2023-09-18T20:50:43Z
last_indexed	2023-09-18T20:50:43Z
_version_	1777409975527669760

Islamic hire purchase law is getting special attention in Malaysia: a socio legal analysis

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