تطبيقات السنة النبوية في المعاملات المالية = Application of the Prophet's sunnah in financial transactions
This research examines the applications of the Prophetic tradition (Sunnah) in financial transactions and aims to analyze and evaluate the implementation of the Prophetic tradition in financial transactions by studying the Prophetic evidence and its legal interpretations, elucidating how Musli...
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| Main Authors: | , |
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| Format: | Article |
| Language: | Arabic |
| Published: |
USIM Press
2023
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/109221/1/109221_%D8%AA%D8%B7%D8%A8%D9%8A%D9%82%D8%A7%D8%AA%20%D8%A7%D9%84%D8%B3%D9%86%D8%A9%20%D8%A7%D9%84%D9%86%D8%A8%D9%88%D9%8A%D8%A9.pdf http://irep.iium.edu.my/109221/ https://journalofhadith.usim.edu.my/index.php/johs/article/view/268 |
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| Summary: | This research examines the applications of the Prophetic tradition (Sunnah) in
financial transactions and aims to analyze and evaluate the implementation of the
Prophetic tradition in financial transactions by studying the Prophetic evidence
and its legal interpretations, elucidating how Muslims should conduct themselves
responsibly and correctly in the field of financial and economic matters in
accordance with the Prophetic tradition. The significance of this research lies in
providing a legal guideline for Islamic financial institutions and individuals to
execute their transactions in a manner that aligns with the Prophetic tradition.
Utilizing a descriptive and analytical approach grounded in Prophetic Hadiths,
recognized Islamic texts, and jurisprudential sources, a diverse range of financial
transactions were studied. The results indicate that financial exchange between
banks can be permissible if conducted without interest and adhering to Shariah
regulations. The Mudarabah contract is also considered permissible and feasible
in financial transactions, provided it complies with Shariah regulations. However,
trading in commercial papers involving interest is considered impermissible. In
addition, bank deposits and current accounts are considered Shariah-compliant
when adhering to Shariah regulations. Covered documentary credits are
considered permissible, contingent on adherence to appropriate Shariah
conditions. Furthermore, the Salam contract is emphasized as a legitimate means
of financing seasonal agricultural production. Lastly, it is stressed that penalty
clauses in non-debt financial contracts are permissible for compensating damages,
provided they are not tied to usurious interest. These findings provide valuable
insights into how financial and banking transactions can be organized in
accordance with the Prophetic tradition and Islamic values, contributing to
enhancing compliance with Shariah regulations in the financial and banking
sector and promoting trust and transparency in this context. |
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