The Application of Promise (Wa‘D) in Islamic Banking Contracts in Malaysia: A Maslahah Perspective

• Main Authors: Yaakub, Fadziani, Buang, Ahmad Hidayat
• Format: Article
• Language: English
• Published: UUM Press 2024
• Subjects: HG Finance
• Online Access: https://repo.uum.edu.my/id/eprint/30367/1/IJBF%2019%2001%202024%2039-56.pdf; https://doi.org/10.32890/ijbf2024.19.1.2; https://repo.uum.edu.my/id/eprint/30367/; https://e-journal.uum.edu.my/index.php/ijbf/article/view/18383; https://doi.org/10.32890/ijbf2024.19.1.2
• Institution: Universiti Utara Malaysia

The concept of promise in Islamic banking contracts is a novel tool that has been introduced as a result of recent advancements. Wa’d has grown in popularity in recent years because it provides great flexibility. It was primarily developed by Malaysia’s Islamic banks for product structuring. However...