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The Islamic Credit card as an electronic payment method: the technical trick in the installment payment contract as a financial product

کلیدواژه: Credit card ؛ Electronic payment method ؛ Installment payment contract ؛ Islamic financial system ؛ Islamic Law ؛ Jordan ؛ Murabaha

نویسندگان: Alhusban, Ahmad Abed Alla ؛ Massadeh, Ali Abdel Mahdi ؛ Haloush, Haitham

ناشر: IJLMA (International Journal of Law and Management)

This study aims to examine the validity of the installment payment contract when using the first Islamic Credit card (ICC) in Jordan and will explore the hidden techniques that are used to operate such a financial product. The purpose of the study will be achieved by examining the structure and the ... ادامه

سال:2021

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The optimum size of rotating qarḍ ḥasan savings and Credit associations

کلیدواژه: Microfinance ؛ Optimum size ؛ Qard contract ؛ QHA ؛ ROSCA

نویسندگان: S. K. Sadr

ناشر: ISRA International Journal of

Purpose – Several indigenous Credit and savings schemes have been acCredited recently in developing countries for the benefit of households and entrepreneurs alike. Famous among them are the Rotating Savings and Credit Associations (ROSCAs) that exist in almost all continents currently. The rapid de... ادامه

سال:2017

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SHARI'AH COMPLIANCE OF ISLAMIC Credit cardS RECONSIDERED: A CASE STUDY OF MALAYSIA

کلیدواژه: Charges ؛ Islamic bank ؛ Islamic Credit Card ؛ KafÉlah ؛ SharÊʿah ؛ Ujrah

نویسندگان: Razak, Shahrul Azman bin Abd

ناشر: Emerald Group Publishing Limited

Many structures have been proposed by Islamic banks in Malaysia for Islamic Credit cards including murÉbaÍah (sale with mark-up), bayʿ al-ʿÊnah (sale and immediate buy-back) and tawarruq (tripartite sale). However, recently, some Islamic financial institutions have employed the contracts of ijÉrah (... ادامه

سال:2015

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Can an interest-free Credit facility be more efficient than a usurious payday loan?

کلیدواژه: cooperatives ؛ financial exclusion ؛ interest-free loan ؛ liquidity facility ؛ payday loan

نویسندگان: Salleh, Murizah Osman ؛ Jaafar, Aziz ؛ Ebrahim, M. Shahid

ناشر: Journal of Economic Behavior & Organization

Inefficiencies in mainstream Credit markets have pushed selected households to frequent high cost payday loans for their liquidity needs. Ironically, despite the prohibitive cost there is still persistent demand for the product. This paper rides on the public policy objective of expanding affordable... ادامه

سال:2014

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