2020
DOI: 10.1108/jima-04-2019-0072
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Operational definition for doubtful activities (Shubuhat) based on Islamic finance perspective

Abstract: Purpose The purpose of this paper is to give another perspective on the definition of doubtful activities (Shubuhat) in the context of Islamic finance activities. Design/methodology/approach This study used qualitative approach from interviews with experts in Islamic finance and religious scholars. Findings This study highlights the synthesized Shubuhat definition from the previous studies and the contemporary religious experts. Therefore, the definition of Shubuhat has been conceptualized to Islamic finan… Show more

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Cited by 4 publications
(4 citation statements)
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“…My interlocutors and the general public expanded their counter-moral discourse against Yan Hisbah by referring to sources of funding for the moral reform project. Under Sharia principles, all business activities and transactions within the capital market should be free from prohibited activities, including those activities deemed doubtful (i.e., Shubuhat) (Ahmed, Yahya, Haron, & Mohamed 2020). In February 2022, the Kano State Hisbah destroyed approximately four million bottles of assorted beer worth millions of dollars, being confiscated from sellers (Vanguard News Nigeria 2022) 6 .…”
Section: Hisbah and The 'Immoral' Economymentioning
confidence: 99%
“…My interlocutors and the general public expanded their counter-moral discourse against Yan Hisbah by referring to sources of funding for the moral reform project. Under Sharia principles, all business activities and transactions within the capital market should be free from prohibited activities, including those activities deemed doubtful (i.e., Shubuhat) (Ahmed, Yahya, Haron, & Mohamed 2020). In February 2022, the Kano State Hisbah destroyed approximately four million bottles of assorted beer worth millions of dollars, being confiscated from sellers (Vanguard News Nigeria 2022) 6 .…”
Section: Hisbah and The 'Immoral' Economymentioning
confidence: 99%
“…Muslim's should also obey Islamic principles, especially in their daily behavior (Suhartanto et al, 2019;Zakiah and Al-Aidaros, 2017). In the specific context of financial transactions, the prohibition against riba' (interest/usury), gharar (uncertainty), maysir (gambling) and shubuhat (doubtful) is a fundamental principle of Sharīʿah-compliance (Uddin, 2015;Ahmed et al, 2021). Riba' is categorized into two perspectives: riba' al-fadl (excess taken in exchange for specific homogenous commodities) and riba' alnasi'ah (the excess accruing from a loan transaction).…”
Section: Element Of Mooring Effectsmentioning
confidence: 99%
“…Furthermore, maysir refers to wealth obtained by chance, regardless of done by intervening in others or not. Meanwhile, shubuhat refers to a state of confusion in understanding certain things, which causes what is wrong to look right or vice versa (Uddin, 2015;Ahmed et al, 2021). These things often appear and are related to modern banking and financial transactions (Uddin, 2015).…”
Section: Element Of Mooring Effectsmentioning
confidence: 99%
“…Furthermore, it does not prohibit or make any recommendations. There are three categories of Muslims (Ahmed et al , 2021) associated with the Syubhat . The first, is those that completely abandon Syubhat matter, the second falls into it and the third try to investigate whether it is halal or haram .…”
Section: Literature Reviewmentioning
confidence: 99%