Purpose: This paper critically aims to examine the concept of beneficial ownership and its application in musharakah-based home financing. Design/methodology/approach: The study applies the method of juristic interpretation in analyzing the meaning of beneficial ownership in legal documentation...

Purpose: This study aims to analyse the Shariah issues in the implementation of tawarruq contract in the Islamic profit rate swap (IPRS) instrument in Malaysia. Design/methodology/approach: This is a qualitative study in applying data analysis and semi-structured interview approaches. Data was...

Purpose: The purpose of this paper is to critically study the application of beneficial ownership in sukuk ijarah by analysing the fiqh interpretation on the concept of beneficial ownership. Design/methodology/approach: This is a theoretical paper using content analysis approach that delves...

Purpose This paper aims to make an attempt to analyze the adoption of wakalah in the tawarruq deposit that may trigger new issue. Design/methodology/approach This paper provides a review on the underlying contracts for deposit-taking activities. Findings There are two mains findings from this...

The development of Islamic banking system in offering the products which is based on the shariah principles has witnessed a tremendous success. There are many new products being introduced as alternatives to conventional ones. Yet, at the same time, some of these products remain hotly debated...