The objectives of Islamic banking: a maqasid approach

What should the objectives of Islamic Banking (IB) be? Unfortunately, no serious effect has been made to address this question. It has never been discussed formally. What can be seen in many literatures are scanty and disjointed discussions about avoiding riba. The absence of a careful study on the...

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Bibliographic Details
Main Author:	Mohammed, Mustafa Omar
Other Authors:	Soualhi, Younes
Format:	Book Chapter
Language:	English
Published:	IIUM Institute of Islamic Banking and Finance 2009
Subjects:	HG Finance HG1501 Banking KBP1 Islamic law.Shariah.Fiqh
Online Access:	http://irep.iium.edu.my/7336/ http://irep.iium.edu.my/7336/1/the_objective_islamic_banking_A-Maqasid.pdf

id	iium-7336
recordtype	eprints
spelling	iium-73362012-10-26T14:09:57Z http://irep.iium.edu.my/7336/ The objectives of Islamic banking: a maqasid approach Mohammed, Mustafa Omar HG Finance HG1501 Banking KBP1 Islamic law.Shariah.Fiqh What should the objectives of Islamic Banking (IB) be? Unfortunately, no serious effect has been made to address this question. It has never been discussed formally. What can be seen in many literatures are scanty and disjointed discussions about avoiding riba. The absence of a careful study on the objectives of IB has resulted in misinformation and misgivings about the primary reasons for the existence of Islamic banks. As a results, most Islamic banks shy away from specifying the objectives of their establishment. This paper therefore aims at identifying the ideal objectives of IB from the theory of Maqasid al-Shari'ah and, proposes a need to develop a model of IB performance measures based on these objectives. IIUM Institute of Islamic Banking and Finance Soualhi, Younes Mydin Meera, Ahamed Kameel 2009 Book Chapter PeerReviewed application/pdf en http://irep.iium.edu.my/7336/1/the_objective_islamic_banking_A-Maqasid.pdf Mohammed, Mustafa Omar (2009) The objectives of Islamic banking: a maqasid approach. In: IIiBF Series in Islamic Banking and Finance: 1. IIUM Institute of Islamic Banking and Finance, Kuala Lumpur, pp. 243-268. ISBN 9789834456801
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HG Finance HG1501 Banking KBP1 Islamic law.Shariah.Fiqh
spellingShingle	HG Finance HG1501 Banking KBP1 Islamic law.Shariah.Fiqh Mohammed, Mustafa Omar The objectives of Islamic banking: a maqasid approach
description	What should the objectives of Islamic Banking (IB) be? Unfortunately, no serious effect has been made to address this question. It has never been discussed formally. What can be seen in many literatures are scanty and disjointed discussions about avoiding riba. The absence of a careful study on the objectives of IB has resulted in misinformation and misgivings about the primary reasons for the existence of Islamic banks. As a results, most Islamic banks shy away from specifying the objectives of their establishment. This paper therefore aims at identifying the ideal objectives of IB from the theory of Maqasid al-Shari'ah and, proposes a need to develop a model of IB performance measures based on these objectives.
author2	Soualhi, Younes
author_facet	Soualhi, Younes Mohammed, Mustafa Omar
format	Book Chapter
author	Mohammed, Mustafa Omar
author_sort	Mohammed, Mustafa Omar
title	The objectives of Islamic banking: a maqasid approach
title_short	The objectives of Islamic banking: a maqasid approach
title_full	The objectives of Islamic banking: a maqasid approach
title_fullStr	The objectives of Islamic banking: a maqasid approach
title_full_unstemmed	The objectives of Islamic banking: a maqasid approach
title_sort	objectives of islamic banking: a maqasid approach
publisher	IIUM Institute of Islamic Banking and Finance
publishDate	2009
url	http://irep.iium.edu.my/7336/ http://irep.iium.edu.my/7336/1/the_objective_islamic_banking_A-Maqasid.pdf
first_indexed	2023-09-18T20:16:41Z
last_indexed	2023-09-18T20:16:41Z
_version_	1777407834424606720

The objectives of Islamic banking: a maqasid approach

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