Social justice and charitable-trust in Islamic financial transactions

The Islamic model of Social Justice and Charitable-Trust are the most important concepts which made the Islamic Banking and Finance a unique system with moral, honesty and fair economic setting. The Islamic economic system has recognized individual and public ownerships. It provides certain rules an...

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Main Authors:	Adam Sa'ad, Auwal, Ibrahim, Uzaimah
Format:	Article
Language:	English
Published:	Zes Rokman Resources (2131022-P) 2015
Subjects:	HG3368 Islamic Banking and Finance
Online Access:	http://irep.iium.edu.my/69127/ http://irep.iium.edu.my/69127/ http://irep.iium.edu.my/69127/1/69127-Social%20Justice%20and%20Charitable-Trust%20%202015%20%281%29.pdf

id	iium-69127
recordtype	eprints
spelling	iium-691272019-07-10T04:05:21Z http://irep.iium.edu.my/69127/ Social justice and charitable-trust in Islamic financial transactions Adam Sa'ad, Auwal Ibrahim, Uzaimah HG3368 Islamic Banking and Finance The Islamic model of Social Justice and Charitable-Trust are the most important concepts which made the Islamic Banking and Finance a unique system with moral, honesty and fair economic setting. The Islamic economic system has recognized individual and public ownerships. It provides certain rules and regulations that restored justice in maintaining the two different types of ownerships without any one’s trespass on another. The paper highlights issues and contracts which are based on trust and charity wise arrangement. Murabahah transaction has been the forefront of trust contracts in promoting charitable financial transactions. The paper highlights different types of Murabahah transactions. It also highlights Issues related to benevolent debt (Qardh Alhasan)and its role in balancing the economic system of the Muslim society. The paper concluded that the Islamic economic policies are the most just and moderate policies which protected both the rights of poor and the wealthy individuals. It also minimizes the huge gabs between prosperous and low income individuals. Zes Rokman Resources (2131022-P) 2015 Article PeerReviewed application/pdf en http://irep.iium.edu.my/69127/1/69127-Social%20Justice%20and%20Charitable-Trust%20%202015%20%281%29.pdf Adam Sa'ad, Auwal and Ibrahim, Uzaimah (2015) Social justice and charitable-trust in Islamic financial transactions. International Journal of Business Economics & Law, 8 (1). pp. 1-4. ISSN 2289-1552 http://ijbel.com/previous-issues/december-2015/vol-8-december-2015-issue-1-accounting/
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
spellingShingle	HG3368 Islamic Banking and Finance Adam Sa'ad, Auwal Ibrahim, Uzaimah Social justice and charitable-trust in Islamic financial transactions
description	The Islamic model of Social Justice and Charitable-Trust are the most important concepts which made the Islamic Banking and Finance a unique system with moral, honesty and fair economic setting. The Islamic economic system has recognized individual and public ownerships. It provides certain rules and regulations that restored justice in maintaining the two different types of ownerships without any one’s trespass on another. The paper highlights issues and contracts which are based on trust and charity wise arrangement. Murabahah transaction has been the forefront of trust contracts in promoting charitable financial transactions. The paper highlights different types of Murabahah transactions. It also highlights Issues related to benevolent debt (Qardh Alhasan)and its role in balancing the economic system of the Muslim society. The paper concluded that the Islamic economic policies are the most just and moderate policies which protected both the rights of poor and the wealthy individuals. It also minimizes the huge gabs between prosperous and low income individuals.
format	Article
author	Adam Sa'ad, Auwal Ibrahim, Uzaimah
author_facet	Adam Sa'ad, Auwal Ibrahim, Uzaimah
author_sort	Adam Sa'ad, Auwal
title	Social justice and charitable-trust in Islamic financial transactions
title_short	Social justice and charitable-trust in Islamic financial transactions
title_full	Social justice and charitable-trust in Islamic financial transactions
title_fullStr	Social justice and charitable-trust in Islamic financial transactions
title_full_unstemmed	Social justice and charitable-trust in Islamic financial transactions
title_sort	social justice and charitable-trust in islamic financial transactions
publisher	Zes Rokman Resources (2131022-P)
publishDate	2015
url	http://irep.iium.edu.my/69127/ http://irep.iium.edu.my/69127/ http://irep.iium.edu.my/69127/1/69127-Social%20Justice%20and%20Charitable-Trust%20%202015%20%281%29.pdf
first_indexed	2023-09-18T21:38:07Z
last_indexed	2023-09-18T21:38:07Z
_version_	1777412957965123584

Social justice and charitable-trust in Islamic financial transactions

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