Mohamed Naim, Asmadi and Md Hussain, Muhammad Nasri and Long, Muhamad Noor Habibi and Abu Bakar, Mahyuddin (2014) Issues of taqsīr, taʿaddī, guarantees and managing moral hazard in mudārabah and mushārakah products. ISRA Research Paper . ISRA.

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Abstract

Although Islamic finance has demonstrated impressive development over the last few decades, many critics continue to raise the issue of Islamic financial institutions’ (IFIs) reluctance to apply risk-sharing principles, especially muḍārabah and mushārakah contracts, in the kinds of financing they offer.The issue of high risk associated with muḍārabah and mushārakah remains an obstacle to implementing them. Scholars have suggested a number of measures to minimize the associated risks, for example, proper guidelines on negligence (taqṣīr) and transgression (taʿaddī).Hence a systematic investigation of the concepts of taqṣīr and taʿaddī, guarantee (ḍamān) and managing moral hazard in muḍārabah and mushārakah products is paramount to their implementation.

Item Type:	Book
Subjects:	B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc H Social Sciences > HG Finance
Divisions:	Islamic Business School
Depositing User:	Prof. Dr. Asmadi Mohamed Naim
Date Deposited:	11 Nov 2014 08:47
Last Modified:	06 Dec 2016 08:11
URI:	https://repo.uum.edu.my/id/eprint/12597

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