伊斯兰银行理财产品与伊斯兰教法合规性的层次分析法排序

Q4 Decision Sciences

International Journal of the Analytic Hierarchy Process Pub Date : 2023-01-06 DOI:10.13033/ijahp.v14i3.891

S. Shahwan, S. Sapian, Norhazlina Ibrahim, M. Mohammed, Ehsanullah Agha, T. Kanesan

{"title":"伊斯兰银行理财产品与伊斯兰教法合规性的层次分析法排序","authors":"S. Shahwan, S. Sapian, Norhazlina Ibrahim, M. Mohammed, Ehsanullah Agha, T. Kanesan","doi":"10.13033/ijahp.v14i3.891","DOIUrl":null,"url":null,"abstract":"Compliance of Islamic banking products with Maqasid Shariah has been a never-ending debate. However, most discussions are merely explorative, descriptive and perceptive in nature. This article aims to evaluate two types of home financing products in Malaysia based on the Maqasid Shariah of the product development process in Islamic banks. To provide a more coherent and concrete decision, the Analytic Hierarchy Process (AHP) has been used. Bay’ Bithaman Ajil (sale with deferred payment) and Tawarruq (monetization) have been chosen to represent sale-based financing and Musharakah Mutanaqiṣah (diminishing partnership) represents partnership-based financing. The overall results demonstrated that partnership-based financing complied with the social requirements of MSPDF (Maqasid Shariah-based product development framework) at 87.5%, while sale-based financing was rated at 12.5%. The findings will assist Shariah advisors, Islamic finance product developers, economic analysts, ﬁnancial engineers and policymakers to incorporate the relevant Shariah objectives in Islamic financial product development.\n ","PeriodicalId":37297,"journal":{"name":"International Journal of the Analytic Hierarchy Process","volume":" ","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2023-01-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"1","resultStr":"{\"title\":\"RANKING THE COMPLIANCE OF ISLAMIC BANKING HOME FINANCING PRODUCTS WITH MAQASID SHARIAH USING AHP\",\"authors\":\"S. Shahwan, S. Sapian, Norhazlina Ibrahim, M. Mohammed, Ehsanullah Agha, T. Kanesan\",\"doi\":\"10.13033/ijahp.v14i3.891\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"Compliance of Islamic banking products with Maqasid Shariah has been a never-ending debate. However, most discussions are merely explorative, descriptive and perceptive in nature. This article aims to evaluate two types of home financing products in Malaysia based on the Maqasid Shariah of the product development process in Islamic banks. To provide a more coherent and concrete decision, the Analytic Hierarchy Process (AHP) has been used. Bay’ Bithaman Ajil (sale with deferred payment) and Tawarruq (monetization) have been chosen to represent sale-based financing and Musharakah Mutanaqiṣah (diminishing partnership) represents partnership-based financing. The overall results demonstrated that partnership-based financing complied with the social requirements of MSPDF (Maqasid Shariah-based product development framework) at 87.5%, while sale-based financing was rated at 12.5%. The findings will assist Shariah advisors, Islamic finance product developers, economic analysts, ﬁnancial engineers and policymakers to incorporate the relevant Shariah objectives in Islamic financial product development.\\n \",\"PeriodicalId\":37297,\"journal\":{\"name\":\"International Journal of the Analytic Hierarchy Process\",\"volume\":\" \",\"pages\":\"\"},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2023-01-06\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"1\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"International Journal of the Analytic Hierarchy Process\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.13033/ijahp.v14i3.891\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q4\",\"JCRName\":\"Decision Sciences\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of the Analytic Hierarchy Process","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.13033/ijahp.v14i3.891","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q4","JCRName":"Decision Sciences","Score":null,"Total":0}

引用次数: 1

摘要

伊斯兰银行产品是否符合伊斯兰教法(Maqasid Shariah)一直是一个永无止境的争论。然而，大多数讨论本质上只是探索性的、描述性的和感性的。本文旨在以伊斯兰银行的产品开发过程为基础，对马来西亚的两类住房融资产品进行评估。为了提供更连贯和具体的决策，使用了层次分析法(AHP)。Bay’Bithaman Ajil(延期付款销售)和Tawarruq(货币化)代表销售融资，Musharakah Mutanaqiṣah(递减合伙)代表合伙融资。总体结果表明，基于伙伴关系的融资符合MSPDF(基于Maqasid伊斯兰教法的产品开发框架)社会要求的比例为87.5%，而基于销售的融资的比例为12.5%。研究结果将有助于伊斯兰教法顾问、伊斯兰金融产品开发商、经济分析师、金融工程师和政策制定者将相关的伊斯兰教法目标纳入伊斯兰金融产品开发。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

查看原文本刊更多论文

RANKING THE COMPLIANCE OF ISLAMIC BANKING HOME FINANCING PRODUCTS WITH MAQASID SHARIAH USING AHP

Compliance of Islamic banking products with Maqasid Shariah has been a never-ending debate. However, most discussions are merely explorative, descriptive and perceptive in nature. This article aims to evaluate two types of home financing products in Malaysia based on the Maqasid Shariah of the product development process in Islamic banks. To provide a more coherent and concrete decision, the Analytic Hierarchy Process (AHP) has been used. Bay’ Bithaman Ajil (sale with deferred payment) and Tawarruq (monetization) have been chosen to represent sale-based financing and Musharakah Mutanaqiṣah (diminishing partnership) represents partnership-based financing. The overall results demonstrated that partnership-based financing complied with the social requirements of MSPDF (Maqasid Shariah-based product development framework) at 87.5%, while sale-based financing was rated at 12.5%. The findings will assist Shariah advisors, Islamic finance product developers, economic analysts, ﬁnancial engineers and policymakers to incorporate the relevant Shariah objectives in Islamic financial product development.

求助全文

通过发布文献求助，成功后即可免费获取论文全文。去求助

来源期刊

International Journal of the Analytic Hierarchy Process Decision Sciences-Decision Sciences (all)

CiteScore

2.30

自引率

0.00%

发文量

审稿时长

12 weeks

期刊介绍： IJAHP is a scholarly journal that publishes papers about research and applications of the Analytic Hierarchy Process(AHP) and Analytic Network Process(ANP), theories of measurement that can handle tangibles and intangibles; these methods are often applied in multicriteria decision making, prioritization, ranking and resource allocation, especially when groups of people are involved. The journal encourages research papers in both theory and applications. Empirical investigations, comparisons and exemplary real-world applications in diverse areas are particularly welcome.