The fiqh maxim al-ghunm bi al-ghurm: a critique on interpretation of the maxim relating to the risk-return concept in Islamic banking and finance
Purpose — This paper aims to critically review the interpretation of the fiqh maxim al-ghunm bi al-ghurm, which, while being associated with the risk-return concept, is widely adopted in the Islamic banking and finance industry. Tracing back to the doctrinal sources of Sharīʿah (Islamic law), the re...
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Main Authors: | Mohamad Ghazali, Nasrun, Md. Sawari, Mohd. Fuad, Ghalia, Bouhedda, Syed Jaafar Alhabshi, Syed Musa |
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Format: | Article |
Language: | English |
Published: |
ISRA Research Management Centre, INCEIF University
2024
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Subjects: | |
Online Access: | http://irep.iium.edu.my/112884/1/412-Article%20Text-2387-2522-10-20240628.pdf http://irep.iium.edu.my/112884/ https://journal.inceif.edu.my/ijif |
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