A review of commodity murabahah transaction as offered by Bursa Malaysia: a critical analysis from fiqh perspective

Mohd Noor, Azman and Mahadi, Nur Farhah (2010) A review of commodity murabahah transaction as offered by Bursa Malaysia: a critical analysis from fiqh perspective. In: Langkawi International Conference Islamic Economics Finance and Banking, 13-15 December 2010, Kolej Universiti Insaniah, Kedah.

Preview

PDF (A review of commodity murabah transaction as offered by Bursa malaysia: a critical analysis from fiqh perspective) - Presentation Download (575kB) | Preview

Abstract

Commodity Murābahah is an example of product innovation in Islamic banking and finance, which is based on Murābahah and Tawarruq transactions. Both traditional and the contemporary Islamic jurists hold different opinions on its legality in the light of Fiqh. This study is aimed at understanding of Commodity Murābahah trading especially the current practical operations and describing preferred structures of Commodities Murābahah as offered by Bursa Malaysia to overcome the highlighted controversies of Sharī'ah issues. This paper will illustrate in detail the transactional flow of Bursa Sūq Al-Sila' as operated by Bursa Malaysia and will shed light on related Sharīah issues for improvement.

Item Type:	Conference or Workshop Item (Full Paper)
Additional Information:	2902/16955
Uncontrolled Keywords:	Commodity, MurābaÍah, Tawarruq, Bursa, Finance.
Subjects:	B Philosophy. Psychology. Religion > B Philosophy (General)
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Islamic Revealed Knowledge and Human Sciences > Department of Fiqh and Usul al-Fiqh
Depositing User:	amlan sidek
Date Deposited:	08 Feb 2012 16:49
Last Modified:	21 Sep 2013 18:30
URI:	http://irep.iium.edu.my/id/eprint/16955

Actions (login required)

View Item