The Innovations of Hibahasan Instrument of Islamic Finance and Islamic Estate Management in MalaysiaAhmad Khilmy Abdul Rahim

Rahim, Ahmad Khilmy Abdul; Bakar, Azizi Abu; Nor, Mohd Murshidi Mohd

doi:10.14704/web/v18si03/web18023

Cited by 2 publications

(2 citation statements)

References 4 publications

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“…According to Rahim et al (2021), trust hibah instruments have begun to be created and utilised in Malaysia's financial market (Rahim et al, 2021). Permodalan Nasional Berhad (PNB) introduced this product in its offering, Amanah Saham Nasional Berhad (ASNB) .…”

Section: Literature Reviewmentioning

confidence: 99%

Sharia Parameters for Cash Trust Hibah Implementation in Malaysia

Moidin,

Mat Rani,

Mohd Arif

et al. 2023

E-BPJ

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Several entities in Malaysia have offered to implement trust hibah in order to establish Muslim property management. The previous study has argued that several Sharia difficulties demand a clear explanation and answer from a Shariah perspective. As a result, the goal of this research is to propose cash trust hibah parameters to guide and improve trust hibah governance by all stakeholders. This qualitative research collected data from in-depth interviews. Data will be analysed by content analysis. The finding showed that cash trust hibah parameters should be done using conditional hibah contracts and made separately, the condition must serve the interests and welfare of the giver and the hibah’s recipient, and a cash trust hibah property should be done based on a percentage rather than a fixed value. Thus, trust hibah product providers must follow Shariah parameters to boost Muslim trust.

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Section: Literature Reviewmentioning

confidence: 99%

Sharia Parameters for Cash Trust Hibah Implementation in Malaysia

Moidin,

Mat Rani,

Mohd Arif

et al. 2023

E-BPJ

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“…The aim of sharia insurance is to reduce the burden of losses among participants or the company and to ensure that all company operations are carried out with sharia principles (Ismail, 2013;bin Nik Abdul, et. al., 2020;Fendi, 2020;Rahim, Bakar & Nor, 2021).…”

Section: Introductionmentioning

confidence: 99%

The Performance of Sharia Insurance Companies based on Maqashid Sharia Index in Indonesia, Malaysia, and Bahrain: A Comparatif Study

Falikhatun

Shofia

2021

JES

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This study aims to determine sharia Insurance companies performance according to the Maqashid Sharia index. The study was conducted using Simple Additive Weighting (SAW). The population and sample in this study are from Indonesia, Malaysia and Bahrain from 2016 to 2018. The analysis results show that Sharia Insurance in Indonesia, Malaysia and Bahrain have different performance ratio which is measured from the rank: 1) PT Asuransi Ramayana, Tbk (IDN), 2) AmMetLife Takaful Berhad (MYS), 3) Hannover Retakaful B.S.C (BHR), 4) PT Asuransi Ekspor Indonesia (IDN), 5) Takaful International Co.B.S.C (MYS), and 6) Etiqa Takaful Berhad (BHR). This study implies that the average performance ratio of Sharia Insurance in Indonesia is the best with 57.9%, followed by Bahrain with 29.8% and Malaysia with 27.2%. The results of this study are expected to have implications for the method of assessing the performance of Islamic insurance which does not only focus on financial performance, but also performance based on Maqashid Syariah. In addition, the results of this study are expected to enrich Islamic economics, particularly related to the measurement of sharia insurance performance.

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The Innovations of Hibahasan Instrument of Islamic Finance and Islamic Estate Management in MalaysiaAhmad Khilmy Abdul Rahim

Cited by 2 publications

References 4 publications

Sharia Parameters for Cash Trust Hibah Implementation in Malaysia

Sharia Parameters for Cash Trust Hibah Implementation in Malaysia

The Performance of Sharia Insurance Companies based on Maqashid Sharia Index in Indonesia, Malaysia, and Bahrain: A Comparatif Study

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