Operationalizing tawarruq by Islamic banks in Malaysia: issues, challenges and way forward
Offering viable and competitive Islamic Finance products by banking institutions could be regarded as a crucial roadmap in pursuing and achieving the Sustainable Development Goals (SDGs). Such initiatives strengthen the role of Islamic finance in uplifting financial prosperity, stability and grow...
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| Format: | Conference or Workshop Item |
| Language: | English |
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International Research Centre of Islamic Economics and Finance (IRCIEF)
2018
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| Online Access: | http://irep.iium.edu.my/67128/ http://irep.iium.edu.my/67128/ http://irep.iium.edu.my/67128/1/67128_Operationalizing%20Tawarruq%20By%20Islamic%20Banks.pdf |
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iium-67128 |
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eprints |
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iium-671282018-10-29T02:55:41Z http://irep.iium.edu.my/67128/ Operationalizing tawarruq by Islamic banks in Malaysia: issues, challenges and way forward Aljamos, Yusof Mahmoud Abu Jaish, Anas Ahmad Ibrahim, Khairunisah BP173.75 Islam and economics HG1501 Banking HG3368 Islamic Banking and Finance Offering viable and competitive Islamic Finance products by banking institutions could be regarded as a crucial roadmap in pursuing and achieving the Sustainable Development Goals (SDGs). Such initiatives strengthen the role of Islamic finance in uplifting financial prosperity, stability and growth. Tawarruq is one of the Islamic finance liquidity providing schemes which is commonly utilized in virtually every country that practices Islamic finance. This research examines the issues and challenges of Tawarruq faced by Islamic banks in Malaysia and the way forward of Tawarruq application. The legality of Tawrruq has been debated by few researchers, which contributes towards the diverse resolutions and rulings from Islamic nations on the lawfulness of Tawarruq. This study is carried out based on a qualitative approach whereby resources are obtained from various secondary sources including journal articles, books and internet websites. Besides, this paper aims to provide views and verdicts of legal scholars with respect to Tawarruq in the banking system. This study also provides the literary evidences and sound arguments in reaching towards the final juristic judgment. International Research Centre of Islamic Economics and Finance (IRCIEF) 2018 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/67128/1/67128_Operationalizing%20Tawarruq%20By%20Islamic%20Banks.pdf Aljamos, Yusof Mahmoud and Abu Jaish, Anas Ahmad and Ibrahim, Khairunisah (2018) Operationalizing tawarruq by Islamic banks in Malaysia: issues, challenges and way forward. In: 1st Global Conference on Islamic Economics and Finance 2018 (GCIEF 2018), 24th-25th Oct. 2018, Kuala Lumpur. https://ircief.org.my/gcief2018/wp-content/uploads/2018/10/13.-Operationalizing-Tawarruq-By-Islamic-Banks-In-Malaysia.pdf |
| repository_type |
Digital Repository |
| institution_category |
Local University |
| institution |
International Islamic University Malaysia |
| building |
IIUM Repository |
| collection |
Online Access |
| language |
English |
| topic |
BP173.75 Islam and economics HG1501 Banking HG3368 Islamic Banking and Finance |
| spellingShingle |
BP173.75 Islam and economics HG1501 Banking HG3368 Islamic Banking and Finance Aljamos, Yusof Mahmoud Abu Jaish, Anas Ahmad Ibrahim, Khairunisah Operationalizing tawarruq by Islamic banks in Malaysia: issues, challenges and way forward |
| description |
Offering viable and competitive Islamic Finance products by banking institutions could be regarded
as a crucial roadmap in pursuing and achieving the Sustainable Development Goals (SDGs). Such
initiatives strengthen the role of Islamic finance in uplifting financial prosperity, stability and
growth. Tawarruq is one of the Islamic finance liquidity providing schemes which is commonly
utilized in virtually every country that practices Islamic finance. This research examines the issues
and challenges of Tawarruq faced by Islamic banks in Malaysia and the way forward of Tawarruq
application. The legality of Tawrruq has been debated by few researchers, which contributes
towards the diverse resolutions and rulings from Islamic nations on the lawfulness of Tawarruq.
This study is carried out based on a qualitative approach whereby resources are obtained from
various secondary sources including journal articles, books and internet websites. Besides, this
paper aims to provide views and verdicts of legal scholars with respect to Tawarruq in the banking
system. This study also provides the literary evidences and sound arguments in reaching towards the
final juristic judgment. |
| format |
Conference or Workshop Item |
| author |
Aljamos, Yusof Mahmoud Abu Jaish, Anas Ahmad Ibrahim, Khairunisah |
| author_facet |
Aljamos, Yusof Mahmoud Abu Jaish, Anas Ahmad Ibrahim, Khairunisah |
| author_sort |
Aljamos, Yusof Mahmoud |
| title |
Operationalizing tawarruq by Islamic banks in Malaysia:
issues, challenges and way forward |
| title_short |
Operationalizing tawarruq by Islamic banks in Malaysia:
issues, challenges and way forward |
| title_full |
Operationalizing tawarruq by Islamic banks in Malaysia:
issues, challenges and way forward |
| title_fullStr |
Operationalizing tawarruq by Islamic banks in Malaysia:
issues, challenges and way forward |
| title_full_unstemmed |
Operationalizing tawarruq by Islamic banks in Malaysia:
issues, challenges and way forward |
| title_sort |
operationalizing tawarruq by islamic banks in malaysia:
issues, challenges and way forward |
| publisher |
International Research Centre of Islamic Economics and Finance (IRCIEF) |
| publishDate |
2018 |
| url |
http://irep.iium.edu.my/67128/ http://irep.iium.edu.my/67128/ http://irep.iium.edu.my/67128/1/67128_Operationalizing%20Tawarruq%20By%20Islamic%20Banks.pdf |
| first_indexed |
2023-09-18T21:35:18Z |
| last_indexed |
2023-09-18T21:35:18Z |
| _version_ |
1777412781038895104 |