RISE: Humanitarian crises: the role of Islamic finance / Assoc. Prof. Dr Amirul Afif Muhamat

Muhamat, Amirul Afif (2022) RISE: Humanitarian crises: the role of Islamic finance / Assoc. Prof. Dr Amirul Afif Muhamat. RISE: Catalysing Global Research Excellence, 2: 12. pp. 37-38. ISSN 2805-5883


Muslims have been practising Islamic finance since the time of Prophet Muhammad (peace be upon him). There are disparities, in terms of products, modes of
transaction, and the manner the processes are governed. Nonetheless, the raison d'être of Islamic finance is to ensure that business transactions are conducted fairly for all parties involved; and the subject matter of the transactions are halal with benefits brought to mankind. This ethos is significant because Muslims consider their actions to be part of their submissions to Allah, which will be judged in the afterlife.


Item Type: Article
Email / ID Num.
Muhamat, Amirul Afif
Subjects: H Social Sciences > HJ Public Finance > Finance, Islamic
H Social Sciences > HV Social pathology. Social and public welfare. Criminology > Protection, assistance and relief
J Political Science > JC Political theory. The state. Theories of the state > Political geography. Geopolitics
Divisions: Universiti Teknologi MARA, Selangor > Puncak Alam Campus > Faculty of Business and Management
Journal or Publication Title: RISE: Catalysing Global Research Excellence
ISSN: 2805-5883
Volume: 2
Page Range: pp. 37-38
Keywords: Islamic finance, humanitarian concerns, geopolitical crises
Date: 2022
URI: https://ir.uitm.edu.my/id/eprint/72326
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