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Journal of Islamic Studies and Thought for Specialized Research

About the Journal :

Journal of Islamic studies and thought for specialized research, a magazine working in the field of intellectual reform and knowledge, as one of the pillars of the project of contemporary Islamic civilization.

The magazine seeks to be a port for scientists, thinkers, researchers and intellectuals to work hard to reform the Islamic thought and methodology at the nation level, exceeding the boundaries of language and region, to serve humanity as a whole in order to achieve the greater goal of promoting the levels of human thought at the global level.

The Journal of Islamic Studies and Thought for Specialized Research aims at providing high-quality scientific research in order to provide an excellent scientific material. It is useful for researchers, intellectuals and specialists to form a scientific reference in the process of achieving our vision. The magazine undertakes to communicate with researchers and writers from different walks of life to promote their research and articles. Including the scientific movement and intellectual efforts in the field of reform and promotion of the system of human thought.



BANKING APPLICATION OF AL-IJARAH THUMMA AL-BAY’ (AITAB) CONTRACT IN MALAYSIA: A JURISTIC AND CRITICAL STUDY

The contract of al-Ijarah Thumma al-Bay’ (AITAB) has been categorized as among financing contracts which applied in Islamic Financial Institutions in Malaysia. This research concentrates on the application’s aspect of AITAB with special attention to the sides where this contract does not comply with the Islamic legal principles and objectives. This research attempts to scrutinize the application process of this contract in Islamic Financial Institutions, and therefore to distinguish the part of it which complies with Shariah and the part which contradict. The biggest obstacle of making this contract fully in line with Shariah is its subjection to the Civil Law. Thus, this research proposes some solutions in order to get rid from this issue of application and come out with appropriate Fiqh Adaptation (Takyif Fiqhi) for this contract

Keywords: Banking Application, Contract, Leasing, Purchase