Analysis of comparative fiqh in Islamic finance: Bay Inah / Nurhusnina Hasny Effendey … [et al.]

Islamic finance is a financial system that operates on the principles and guidelines of Islamic law also known as Shariah. Islamic finance, which is based on Islamic ethics and values, offers an alternative to conventional finance by linking economic operations with religious beliefs. It includes a wide range of financial goods and services that adhere to Shariah principles, promoting ethical and socially responsible financial practices.

The need for Islamic finance has expanded quickly in recent years, and the field must be improved to fulfil society's expectations for Shariah-compliant transactions that do not violate any Shariah principles. When we go further into its complexities, Islamic financing offers several benefits over conventional banking. One of the primary goals of Islamic finance is to promote fairness among its clients. Simultaneously, it can indirectly encourage an Islamic way of life. Based on contemporary realities and practices in Islamic banking, particularly in Malaysian Islamic banking, various products based on Islamic concepts, such as Bay' Inah, have already been established to meet consumer expectations.