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Some issues of bay' al-'inah in Malaysian Islamic financial markets

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dc.contributor.authorRosly, Saiful Azhar
dc.contributor.authorSanusi, Mahmood
dc.date.accessioned2017-07-20T03:04:35Z
dc.date.available2017-07-20T03:04:35Z
dc.date.issued2001
dc.description.abstractThe contract of bay' al-'inah normally involves a sale of an asset or property by a first party to a second party for immediate or spot payment followed by an immediate sale of the same asset by the second party to the first party for a higher amount on deferred payments. The asset is by no means useful to both parties either for consumption purposes or derivation of usufruct (manfaah). Apparently this device is used to bypass the Quranic prohibition of interest as riba since the main objective of the contract involvess two consenting parties both of whom are willing to pay and receive a contractual rate of return on a loan.en_US
dc.identifier.citationRosly, Saiful Azhar & Sanusi, Mahmood. (2001). Some issues of bay' al-'inah in Malaysian Islamic financial markets. Arab Law Quarterly, 16 (3), pp. 263-280.en_US
dc.identifier.doidoi:10.1163/A:1012630425210
dc.identifier.urihttps://www.jstor.org/stable/3382174?seq=1#page_scan_tab_contents
dc.identifier.urihttps://ikr.inceif.edu.my/handle/INCEIF/2593
dc.languageEnglish
dc.language.isoenen_US
dc.publisherBrillen_US
dc.rights2001. Brill
dc.sourceSEDONA
dc.subjectBay'al-'inahen_US
dc.subjectMalaysiaen_US
dc.subjectIslamic financeen_US
dc.titleSome issues of bay' al-'inah in Malaysian Islamic financial marketsen_US
dc.typeJournal Articleen_US
dlc.maintopicMuamalat contracts
dlc.subtopicBai al inah
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.topic.maintopicMuamalat contractsen_US
ikr.topic.subtopicBai al inahen_US
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