Vol 4 Issue 2 March 2017-April 2017
Mojahid Mohamed, Yusuf Haji-Othman, Jama Mohamed Sareye Farah
Abstract: This paper examines one method of business financing namely tawarruq. Particular emphasis is given to the use of such method in home financing. The study suggests that the instrument is useful for business community to get permissible financing specifically on home financing. However, there are disputes by scholars on the underlying contract. Perhaps, further research is needed in scrutinizing the practice in order to improve the instrument. This paper focuses on the basic characteristics of Islamic ethics and tawarruq, its implementation in Malaysian banks specifically Bank Islam Malaysia Berhad.
Keywords: 'Aqidah, Business, Financing, Maslaha, Islamic Ethics, Tawarruq.
Title: The Application of Islamic Ethics and Aq'dah on Islamic Home Financing Loan Using the Concept of Tawarruq
Author: Mojahid Mohamed, Yusuf Haji-Othman, Jama Mohamed Sareye Farah
ISSN 2394-9716
International Journal of Novel Research in Interdisciplinary Studies
Novelty Journals