Shubuhat : Related Activities in Islamic Financial Operations

Ahmed, Essia Ries; Yahya, Sofri; Haron, Md. Harashid

doi:10.12816/0029047

Cited by 4 publications

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“…maisir) and doubtful (i.e. Shubuhat) (Bouslama and Lahrichi, 2017;Ahmed et al, 2013a;Ahmed et al, 2010). According to Iqbal (1997), Sharīʿah-compliant companies are mandatory to offer activities and services based on rules of Shariah.…”

Section: Introductionmentioning

confidence: 99%

“…According to Iqbal (1997), Sharīʿah-compliant companies are mandatory to offer activities and services based on rules of Shariah. These companies must function within the limits of Shariah, which prohibiting them to invest in interestbased financial institutions and any other non-Sharīʿah-compliant business activities (Ayedh et al, 2019;Ahmed et al, 2010). There are activities which include business dealing in banking that are not clearly determined their jurisdiction (hukm) based on Shariah (Ahmed et al, 2010;Ahmed et al, 2012).…”

Section: Introductionmentioning

confidence: 99%

“…These companies must function within the limits of Shariah, which prohibiting them to invest in interestbased financial institutions and any other non-Sharīʿah-compliant business activities (Ayedh et al, 2019;Ahmed et al, 2010). There are activities which include business dealing in banking that are not clearly determined their jurisdiction (hukm) based on Shariah (Ahmed et al, 2010;Ahmed et al, 2012). These are called Shubuhat matters which do not have a clear working definition and explicit form due to two reasons: first, according to Shariah, the Shubuhat is not known or are not clearly identified by many people.…”

Section: Introductionmentioning

confidence: 99%

“…Few literature attempts to explain issues surrounding Shubuhat in the context of Islamic banking, for example, (Al-Ghazali. 488H; Wilson, 2014;Wilson and Liu, 2011;Wilson and Liu, 2010;Al-Qardawi, 1997;Yusuf, 1989;Aziz, 2009;Ahmed et al, 2013bAhmed et al, , 2013aAhmed et al, 2010Ahmed et al, , 2012. There are many suspensions and other arguments issues such as "Bai Al I'na, Bai'Al Tawwaruq, commercial insurance [.…”

Section: Introductionmentioning

confidence: 99%

“…If there is no commitment by these institutions and if there is no comply with the law, there will be a risk of Sharīʿah noncompliance which is considered as one of the main inherent risks of Islamic financial institutions business. Nonetheless, a lack of studies is exist regarding the doubtful in the activities and some Shubuhat in Islamic banking specifically in concept and definitions of Shbuhat (Ahmed et al, 2010). There are no consistent options among the researchers about the definition of Shubuhat and what constitutes Shubuhat or doubtful in Islamic banking perspective (Ries et al, 2017;Ahmed, 2010).…”

Section: Introductionmentioning

confidence: 99%

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Operational definition for doubtful activities (Shubuhat) based on Islamic finance perspective

Ahmed

Yahya

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et al. 2020

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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 finance in this study. This proposes a novel operational definition of Shubuhat from the Islamic finance perspective. Originality/value This study would enlighten the Ummah and contribute to knowledge to provide clarification on the Shubuhat fundamentals for further investigations and with more detailed description of the Shubuhat. Also, this study introduces a value chain of Sharīʿah-compliance by adding the elements of Shubuhat to the general understanding of Sharīʿah-compliance which has been generally understood as having the elements of halal and haram.

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Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Operational definition for doubtful activities (Shubuhat) based on Islamic finance perspective

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Shubuhat : Related Activities in Islamic Financial Operations

Cited by 4 publications

References 0 publications

Operational definition for doubtful activities (Shubuhat) based on Islamic finance perspective

Operational definition for doubtful activities (Shubuhat) based on Islamic finance perspective

The Influence of Corporate Governance on Firm Performance During the COVID-19 Pandemic

Intelligence Unleashed: The Fusion of Artificial Intelligence and News Anchoring

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