Publication:
Preference shares: analysis of Shari'ah issues
| DC Field | Value | |
|---|---|---|
| dc.contributor.author | Shamsiah Mohamad | |
| dc.contributor.author | Mohd Bahroddin Badri | |
| dc.contributor.author | Mezbah Uddin Ahmed | |
| dc.date.accessioned | 2024-04-25T02:03:11Z | |
| dc.date.available | 2024-04-25T02:03:11Z | |
| dc.date.issued | 2017 | |
| dc.description.abstract | The purpose of this paper is to analyze the different features of preference shares from accounting and Shari'ah perspectives. It also aims to study Shari'ah issues arising from preference shares and to subsequently propose solutions for identified issues that will help in structuring Islamic preference shares. The paper uses a qualitative method by analyzing relevant documents and literature to understand the subject matter and Shariah-related issues. The paper finds that several features of conventional preference shares, such as capital guarantee, loss sharing disproportionate to capital contribution, fixed profit, profit guarantee and waiver of rights before realization of profit, make them a Shari'ah non-compliant instrument. | en_US |
| dc.identifier.citation | Mohamad, S., Ahmed, M. U., & Badri, M. B. (2017). Preference shares: Ánalysis of Shari'ah issues. ISRA International Journal of Islamic Finance, 9(2), 185-189. https://doi.org/10.1108/IJIF-07-2017-0008 | en_US |
| dc.identifier.doi | https://doi.org/10.1108/IJIF-07-2017-0008 | |
| dc.identifier.issn | 2289-4365 | |
| dc.identifier.uri | https://ikr.inceif.edu.my/handle/INCEIF/4048 | |
| dc.language | English | |
| dc.language.iso | eng | en_US |
| dc.publisher | Emerald Publishing Limited | en_US |
| dc.rights | 2017. Shamsiah Mohamad, Mezbah Uddin Ahmed and Mohd Bahroddin Badri | |
| dc.source | SEDONA | |
| dc.subject | Equity | en_US |
| dc.subject | Liability | en_US |
| dc.subject | Debt | en_US |
| dc.subject | Capital guarantee | en_US |
| dc.subject | Preference shares | en_US |
| dc.title | Preference shares: analysis of Shari'ah issues | en_US |
| dc.type | Journal Article | en_US |
| dspace.entity.type | Publication | |
| ikr.doctype | Scholarly Works | |
| ikr.topic.maintopic | Islamic accounting | en_US |
| relation.isAuthorOfPublication | 70b2ed9e-0e3e-42a1-81bb-e0777cd1f129 | |
| relation.isAuthorOfPublication.latestForDiscovery | 70b2ed9e-0e3e-42a1-81bb-e0777cd1f129 | |
| Appears in Collections |
Files
Original bundle
1 - 1 of 1
preference_shares_analysis_of_shariah_issues_shamsiah_mezbah_bahroddin.pdf
Size: 80.43 KB Format: Adobe Portable Document Format
Views: 0 Downloads: 0