Publication:
Scholars review of tayyib concept: discussion paper
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Date
2024
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Abstract
The contemporary landscape of global finance is witnessing a paradigm shift towards ethical practices, and tayyib stands as the Islamic finance industry's answer to this call. With an increasing global focus on sustainability, the tayyib concept positions itself as the pathway through which Islamic finance expands beyond Shariah compliance (halal), to reach the heights of socially, environmentally, and economically beneficial (tayyib). It not only answers the need for ethical financing but sets a precedent for the Islamic finance industry to emerge as a global leader in responsible financial practices. The tayyib concept emerges as a timely response to the global imperative for the Islamic finance industry to pivot towards ethical financing, aligning seamlessly with the growing interest in sustainability. Positioned as a catalyst for Malaysia to take a global lead in the Islamic finance sector, tayyib serves as a unifying force for countries and jurisdictions engaged in Islamic finance.
Keywords
Tayyib , Islamic finance
Citation
Bouheraoua, S., Soualhi, Y., Djafri, F., Kasri, N. S., Tabet, I., & Salim, K. (2024). Scholars review of tayyib concept: Discussion paper. ISRA Research Management Centre.
Publisher
ISRA Research Management Centre
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Scholars_review_of_tayyib_concept_Said Bouheraoua et al.pdf
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