Absolute assignment in takāful industry: Sharī‘ah contracts, issues and solutions

This article deliberates on the Islamic contracts used in absolute assignment in takāful industry and identifies Sharī‘ah issues that might accrue from it. The article studies the market practice of absolute assignment in takāful industry in Malaysia and proposes the adequate Islamic contracts that...

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Main Authors:	Ibrahim, Ahmad Basri, Mohd Ali, Ahmad Fadhil Hamdi
Format:	Article
Language:	English
Published:	IIUM Press 2015
Subjects:	HF Commerce HG Finance
Online Access:	http://irep.iium.edu.my/47388/ http://irep.iium.edu.my/47388/ http://irep.iium.edu.my/47388/1/Intellectual_Discourse_Special_Issue.pdf

id	iium-47388
recordtype	eprints
spelling	iium-473882016-07-18T00:21:35Z http://irep.iium.edu.my/47388/ Absolute assignment in takāful industry: Sharī‘ah contracts, issues and solutions Ibrahim, Ahmad Basri Mohd Ali, Ahmad Fadhil Hamdi HF Commerce HG Finance This article deliberates on the Islamic contracts used in absolute assignment in takāful industry and identifies Sharī‘ah issues that might accrue from it. The article studies the market practice of absolute assignment in takāful industry in Malaysia and proposes the adequate Islamic contracts that can be used in absolute assignment and at the same time resolve any Sharī‘ah issues that might occur from it. This research consists of both library-based research and fieldwork research. The researchers interviewed some practitioners and studied the related documents and acts used in executing absolute assignment in takāful industry in Malaysia. The study infers that there are two types of absolute assignments. The first one is between an individual to an individual on the basis of hibah and the second one is between an individual and a financier/bank on the basis of kafālah. IIUM Press 2015-12 Article PeerReviewed application/pdf en http://irep.iium.edu.my/47388/1/Intellectual_Discourse_Special_Issue.pdf Ibrahim, Ahmad Basri and Mohd Ali, Ahmad Fadhil Hamdi (2015) Absolute assignment in takāful industry: Sharī‘ah contracts, issues and solutions. Intellectual Discourse, 23 (Spec.). pp. 507-528. ISSN 0128-4878 E-ISSN 2289-5639 http://journals.iium.edu.my/intdiscourse/index.php/islam
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HF Commerce HG Finance
spellingShingle	HF Commerce HG Finance Ibrahim, Ahmad Basri Mohd Ali, Ahmad Fadhil Hamdi Absolute assignment in takāful industry: Sharī‘ah contracts, issues and solutions
description	This article deliberates on the Islamic contracts used in absolute assignment in takāful industry and identifies Sharī‘ah issues that might accrue from it. The article studies the market practice of absolute assignment in takāful industry in Malaysia and proposes the adequate Islamic contracts that can be used in absolute assignment and at the same time resolve any Sharī‘ah issues that might occur from it. This research consists of both library-based research and fieldwork research. The researchers interviewed some practitioners and studied the related documents and acts used in executing absolute assignment in takāful industry in Malaysia. The study infers that there are two types of absolute assignments. The first one is between an individual to an individual on the basis of hibah and the second one is between an individual and a financier/bank on the basis of kafālah.
format	Article
author	Ibrahim, Ahmad Basri Mohd Ali, Ahmad Fadhil Hamdi
author_facet	Ibrahim, Ahmad Basri Mohd Ali, Ahmad Fadhil Hamdi
author_sort	Ibrahim, Ahmad Basri
title	Absolute assignment in takāful industry: Sharī‘ah contracts, issues and solutions
title_short	Absolute assignment in takāful industry: Sharī‘ah contracts, issues and solutions
title_full	Absolute assignment in takāful industry: Sharī‘ah contracts, issues and solutions
title_fullStr	Absolute assignment in takāful industry: Sharī‘ah contracts, issues and solutions
title_full_unstemmed	Absolute assignment in takāful industry: Sharī‘ah contracts, issues and solutions
title_sort	absolute assignment in takāful industry: sharī‘ah contracts, issues and solutions
publisher	IIUM Press
publishDate	2015
url	http://irep.iium.edu.my/47388/ http://irep.iium.edu.my/47388/ http://irep.iium.edu.my/47388/1/Intellectual_Discourse_Special_Issue.pdf
first_indexed	2023-09-18T21:07:26Z
last_indexed	2023-09-18T21:07:26Z
_version_	1777411027528318976

Absolute assignment in takāful industry: Sharī‘ah contracts, issues and solutions

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