Social impact bonds in light of maqasid al-shari‘ah and maslahah

Social impact bonds in light of maqasid al-shari‘ah and maslahah

This paper looks into the concept of Social Impact Bond (SIB) and its underlying principles with regards to the Islamic values embodied within the components of maqasid al-Shari‘ah and maslahah. Using various literatures related to the study of maqasid al-Shari’ah and maslahah, as well as researc...

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Main Author: Syed Azman, Syed Marwan Mujahid
Format: Article
Language:English
Published: Islami Bank Training and Research Academy 2015
Subjects:
HG3368 Islamic Banking and Finance
HJ1438 Public Finance In Islam
Online Access:http://irep.iium.edu.my/68348/
http://irep.iium.edu.my/68348/
http://irep.iium.edu.my/68348/
http://irep.iium.edu.my/68348/1/68348-Social%20impact%20bonds%20in%20light%20of%20maqasid%20al-Shari%27ah%20and%20Maslahah.pdf
id iium-68348
recordtype eprints
spelling iium-683482018-12-28T08:59:20Z http://irep.iium.edu.my/68348/ Social impact bonds in light of maqasid al-shari‘ah and maslahah Syed Azman, Syed Marwan Mujahid HG3368 Islamic Banking and Finance HJ1438 Public Finance In Islam This paper looks into the concept of Social Impact Bond (SIB) and its underlying principles with regards to the Islamic values embodied within the components of maqasid al-Shari‘ah and maslahah. Using various literatures related to the study of maqasid al-Shari’ah and maslahah, as well as researches related to SIB, the paper attempts to delineate the elements embedded within the theoretical practice of SIB and look at them from an Islamic perspective. The paper explicates that the SIB is a model that epitomises the ethical and moral framework of Islamic law, as the elements of SIB are congruent with the concepts within maqasid al-Shari’ah and maslahah. The paper provides some insight of the concept of SIB as an alternative social financing model. As SIB embody the values that Islam teaches, this model should be looked into by organisations such as Islamic banks and Islamic financial institutions whose philosophical foundation is built upon the principles of maqasid al-Shari’ah and maslahah. Islami Bank Training and Research Academy 2015 Article PeerReviewed application/pdf en http://irep.iium.edu.my/68348/1/68348-Social%20impact%20bonds%20in%20light%20of%20maqasid%20al-Shari%27ah%20and%20Maslahah.pdf Syed Azman, Syed Marwan Mujahid (2015) Social impact bonds in light of maqasid al-shari‘ah and maslahah. Journal of Islamic Economics, Banking, and Finance (JIEBF), 11 (4). pp. 31-40. ISSN 2374-2666 E-ISSN 2374-2658 http://ibtra.com/journal_back_issue_individual.php?j_id=35 10.12816/0024786
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
topic HG3368 Islamic Banking and Finance
HJ1438 Public Finance In Islam
spellingShingle HG3368 Islamic Banking and Finance
HJ1438 Public Finance In Islam
Syed Azman, Syed Marwan Mujahid
Social impact bonds in light of maqasid al-shari‘ah and maslahah
description This paper looks into the concept of Social Impact Bond (SIB) and its underlying principles with regards to the Islamic values embodied within the components of maqasid al-Shari‘ah and maslahah. Using various literatures related to the study of maqasid al-Shari’ah and maslahah, as well as researches related to SIB, the paper attempts to delineate the elements embedded within the theoretical practice of SIB and look at them from an Islamic perspective. The paper explicates that the SIB is a model that epitomises the ethical and moral framework of Islamic law, as the elements of SIB are congruent with the concepts within maqasid al-Shari’ah and maslahah. The paper provides some insight of the concept of SIB as an alternative social financing model. As SIB embody the values that Islam teaches, this model should be looked into by organisations such as Islamic banks and Islamic financial institutions whose philosophical foundation is built upon the principles of maqasid al-Shari’ah and maslahah.
format Article
author Syed Azman, Syed Marwan Mujahid
author_facet Syed Azman, Syed Marwan Mujahid
author_sort Syed Azman, Syed Marwan Mujahid
title Social impact bonds in light of maqasid al-shari‘ah and maslahah
title_short Social impact bonds in light of maqasid al-shari‘ah and maslahah
title_full Social impact bonds in light of maqasid al-shari‘ah and maslahah
title_fullStr Social impact bonds in light of maqasid al-shari‘ah and maslahah
title_full_unstemmed Social impact bonds in light of maqasid al-shari‘ah and maslahah
title_sort social impact bonds in light of maqasid al-shari‘ah and maslahah
publisher Islami Bank Training and Research Academy
publishDate 2015
url http://irep.iium.edu.my/68348/
http://irep.iium.edu.my/68348/
http://irep.iium.edu.my/68348/
http://irep.iium.edu.my/68348/1/68348-Social%20impact%20bonds%20in%20light%20of%20maqasid%20al-Shari%27ah%20and%20Maslahah.pdf
first_indexed 2023-09-18T21:37:00Z
last_indexed 2023-09-18T21:37:00Z
_version_ 1777412887530176512

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