Calculating the cost of lending, a study in the experience of Malaysian banks

• Main Authors: Saleh, Abdulmajid Obaid Hasan, Tahani Ali Hakami, Tahani Ali Hakami
• Format: Article
• Language: English; English
• Published: https://www.openaccessojs.com/JBReview 2023
• Subjects: BP202.44 (al-Ijarah thumma ‘al-bay’ (Hire Purchase)- Renting/Hiring/Leasing Followed By Sale; BPH Islamic Economics
• Online Access: http://irep.iium.edu.my/101603/1/101603%20-%20Calculating%20the%20cost%20of%20lending...-%20Acceptance%20letter.pdf; http://irep.iium.edu.my/101603/2/101603%20-%20Calculating%20the%20cost%20of%20lending...-%20InPress.pdf; http://irep.iium.edu.my/101603/; https://www.scopus.com/sourceid/21101045037

The condition of the loan from the Islamic perspective is to return the principle of the loan with equal in quality and amount. Therefore, the scholars have agreed that it is forbidden to stipulate an increase in the loan allowance to the lender, and this increases considered as usury, (Al-Mughni 4/...