Murabahah financing revisited: The contemporary debate on its use in Islamic banks

Basit Öğe Kaydı
dc.contributor.authorGuney, Necmeddin
dc.date.accessioned2024-02-23T14:45:59Z
dc.date.available2024-02-23T14:45:59Z
dc.date.issued2015
dc.departmentNEÜen_US
dc.description.abstractThe murabahah contract, an ordinary contract in classical Islamic law, has played a significant role in the emergence and development of modern Islamic Banking and Finance. This contract which is basically a resale with a stated profit contract was introduced into the modern literature in the late 70's in a totally redesigned form as an alternative to the conventional modes of credit. This modern financing tool has become the subject of intense debates since then and has been subject to criticism by some scholars. This paper aims at portraying the juristic discussion and debate on this modern contract and its application by Islamic banks. The first part of the paper introduces the subject and gives a summary of the Islamic injunctions on the murabahah contract in its original form based on the primary sources of Islamic law. The second part, which is the substantial part of the paper, portrays the profound transformation that the murabahah contract has undergone to make mark-up financing possible and summarizes the discussions related to the modern use of murabahah by Islamic banks.en_US
dc.identifier.endpage506en_US
dc.identifier.issn0128-4878
dc.identifier.issn2289-5639
dc.identifier.scopus2-s2.0-84952922160en_US
dc.identifier.scopusqualityQ2en_US
dc.identifier.startpage495en_US
dc.identifier.urihttps://hdl.handle.net/20.500.12452/17734
dc.identifier.volume23en_US
dc.identifier.wosWOS:000376457900009en_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherInt Islamic Univ Malaysia, Press Research Management Centeren_US
dc.relation.ispartofIntellectual Discourseen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectMurabahah Financingen_US
dc.subjectIslamic Lawen_US
dc.subjectIslamic Banksen_US
dc.subjectIslamic Financeen_US
dc.subjectUnilateral Promises (Wa'd)en_US
dc.titleMurabahah financing revisited: The contemporary debate on its use in Islamic banksen_US
dc.typeArticleen_US

Dosyalar

Koleksiyon

WoS İndeksli Yayınlar Koleksiyonu
Scopus İndeksli Yayınlar Koleksiyonu