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
Format: Article
Language:English
Published: ISRA Research Management Centre, INCEIF University 2024
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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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