The Innovations Of Hibah As An Instrument Of Islamic Finance And Islamic Estate Management In Malaysia

The application of hibah as an instrument in estate management is gaining popularity among the Muslim community in Malaysia. “Hibah is a unilateral contract” that elevate welfare and charity. Islamic financial institutions in Malaysia, including Islamic banks and Islamic wealth institutions apply va...

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Main Authors: Abdul Rahim, Ahmad Khilmy, Abu Bakar, Azizi, Mohd Noor, Mohd Murshidi, Mat Nor, Alias
Format: Conference or Workshop Item
Language:English
Published: 2020
Subjects:
Online Access:https://repo.uum.edu.my/id/eprint/31334/1/IBMC%2001%202020%20520-527.pdf
https://repo.uum.edu.my/id/eprint/31334/
http://www.ibs.uum.edu.my/all-news-list/493-ibmc-2020-focuses-on-islamic-business-management
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Institution: Universiti Utara Malaysia
Language: English
id my.uum.repo.31334
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spelling my.uum.repo.313342024-08-29T10:59:56Z https://repo.uum.edu.my/id/eprint/31334/ The Innovations Of Hibah As An Instrument Of Islamic Finance And Islamic Estate Management In Malaysia Abdul Rahim, Ahmad Khilmy Abu Bakar, Azizi Mohd Noor, Mohd Murshidi Mat Nor, Alias HG Finance The application of hibah as an instrument in estate management is gaining popularity among the Muslim community in Malaysia. “Hibah is a unilateral contract” that elevate welfare and charity. Islamic financial institutions in Malaysia, including Islamic banks and Islamic wealth institutions apply varities of hibah instruments in the products offered by them. Hibah is a cooperating shariah contract in the Malaysia’s Islamic banking and financial framework. The aim is to incentivize clients for storing their cash into the institution as well as remunerate for clients to pay their financing by agreeing planned. The use of hibah is based on the stated principles and objectives of the “Shariah Advisory Council (SAC) of Bank Negara Malaysia”. Nowadays, the hibah instrument has been applied in various forms by Islamic financial institutions especially in Malaysia. This paper discusses and analyzes in general the application of contemporary forms of hibah such as Trust Hibah (Hibah Amanah), Conditional Hibah (Hibah Mu'allaqah), Hibah with consideration (Hibah Bi al-Thawab ), hibah in saving account (Wadiah) and rental (alIjarah) accounts and hibah in Takaful benefit 2020 Conference or Workshop Item PeerReviewed application/pdf en https://repo.uum.edu.my/id/eprint/31334/1/IBMC%2001%202020%20520-527.pdf Abdul Rahim, Ahmad Khilmy and Abu Bakar, Azizi and Mohd Noor, Mohd Murshidi and Mat Nor, Alias (2020) The Innovations Of Hibah As An Instrument Of Islamic Finance And Islamic Estate Management In Malaysia. In: 3rd UUM International Islamic Business Management Conference 2020 (IBMC 2020), 24 - 30 September 2020, Islamic Business School UUM, Malaysia. http://www.ibs.uum.edu.my/all-news-list/493-ibmc-2020-focuses-on-islamic-business-management
institution Universiti Utara Malaysia
building UUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Utara Malaysia
content_source UUM Institutional Repository
url_provider http://repo.uum.edu.my/
language English
topic HG Finance
spellingShingle HG Finance
Abdul Rahim, Ahmad Khilmy
Abu Bakar, Azizi
Mohd Noor, Mohd Murshidi
Mat Nor, Alias
The Innovations Of Hibah As An Instrument Of Islamic Finance And Islamic Estate Management In Malaysia
description The application of hibah as an instrument in estate management is gaining popularity among the Muslim community in Malaysia. “Hibah is a unilateral contract” that elevate welfare and charity. Islamic financial institutions in Malaysia, including Islamic banks and Islamic wealth institutions apply varities of hibah instruments in the products offered by them. Hibah is a cooperating shariah contract in the Malaysia’s Islamic banking and financial framework. The aim is to incentivize clients for storing their cash into the institution as well as remunerate for clients to pay their financing by agreeing planned. The use of hibah is based on the stated principles and objectives of the “Shariah Advisory Council (SAC) of Bank Negara Malaysia”. Nowadays, the hibah instrument has been applied in various forms by Islamic financial institutions especially in Malaysia. This paper discusses and analyzes in general the application of contemporary forms of hibah such as Trust Hibah (Hibah Amanah), Conditional Hibah (Hibah Mu'allaqah), Hibah with consideration (Hibah Bi al-Thawab ), hibah in saving account (Wadiah) and rental (alIjarah) accounts and hibah in Takaful benefit
format Conference or Workshop Item
author Abdul Rahim, Ahmad Khilmy
Abu Bakar, Azizi
Mohd Noor, Mohd Murshidi
Mat Nor, Alias
author_facet Abdul Rahim, Ahmad Khilmy
Abu Bakar, Azizi
Mohd Noor, Mohd Murshidi
Mat Nor, Alias
author_sort Abdul Rahim, Ahmad Khilmy
title The Innovations Of Hibah As An Instrument Of Islamic Finance And Islamic Estate Management In Malaysia
title_short The Innovations Of Hibah As An Instrument Of Islamic Finance And Islamic Estate Management In Malaysia
title_full The Innovations Of Hibah As An Instrument Of Islamic Finance And Islamic Estate Management In Malaysia
title_fullStr The Innovations Of Hibah As An Instrument Of Islamic Finance And Islamic Estate Management In Malaysia
title_full_unstemmed The Innovations Of Hibah As An Instrument Of Islamic Finance And Islamic Estate Management In Malaysia
title_sort innovations of hibah as an instrument of islamic finance and islamic estate management in malaysia
publishDate 2020
url https://repo.uum.edu.my/id/eprint/31334/1/IBMC%2001%202020%20520-527.pdf
https://repo.uum.edu.my/id/eprint/31334/
http://www.ibs.uum.edu.my/all-news-list/493-ibmc-2020-focuses-on-islamic-business-management
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