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aitab - irwani

IIUM Journal of Economics and Management 14, no. 2 (2006): 177-204 © 2006 by The International Islamic University Malaysia ABSTRACT One of the latest innovative products of Islamic banks is the Islamic hire-purchase facility or Al-IjŒrah Thumma al-Bay c (AITAB) which is designed to meet the ...

Legal stains in the Malaysian Islamic banking practices of al ...

Legal stains in the Malaysian Islamic banking practices of al Ijarah Thumma Al Bai' (AITAB) Rusni Hassan* and Aishath Muneeza** Adnan Yusoff Ijarah Thumma al Bai' (AITAB) is a modern product of Islamic banking which was incepted more than ten years ago.

PERSONAL INFORMATION: Name: Dr. Nurdianawati Irwani Abdullah

(2007) An Appraisal of Issues and Prospects of Al-Ijarah Thumma Al-Bay' (AITAB) Operation In The Malaysian Financial Institutions, The Journal of Muamalah & Islamic Finance Research, KUIM (forthcoming) 5.

Issues of implementing Islamic hire purchase in dual banking ...

One of the latest innovations is the development of the Islamic hire-purchase instrument, which is commonly known as al-ijarah wa-iqtina' ; in the Malaysian experience, it is called al-ijarah thumma al-bai' (AITAB).


Application of al-Ijarah thumma al-Bai` in Vehicle Financing There has been a proposal by an Islamic financial institution to introduce vehicle financing based on al-ijarah thumma al-bai` (AITAB) concept.


19 AL IJARAH THUMMA AL BAY AL IJARAH THUMMA AL BAY '-AITAB '-AITAB (Modus Operandi) (Modus Operandi) Financier Customer Financier Customer Financier Customer Lease Agreement / 2 nd Schedule HPA 1967 Rental Payment Asset STEP 2

Changes of Product Structure in

Bakir (2008) are as follows: a} Saving account applied wadiahyaddhamamah (WYD) andmudharabah; b} Current account applied WYD; c} Investment account appliedmudharabah and wakalah; d} Asset and vehicle financing applied Bai Bithamin Ajil (BBA) and al-Ijarah Thummaal-Bai (AITAB)6; e) Islamic Credit Cards ...

Chap 14 amended 010305t

Although house and commercial property financing are common examples, cars, machinery or any other assets can be financed under this concept. 1.5 Hire-purchase (Al-Ijarah Thumma Al Bai [AITAB]) This principle is akin to conventional hire purchase.

Legal Documentation for Islamic Financing

... 2.50 p.m. : Legal Documentation for Istisna' Financing Istisna' - concept and definition Istisna' as a mode of financing Legal documentation - structure Issues and recommendations Review sample clauses on Istisna' 3.30 p.m. : Tea Break 4.00 p.m. : Legal Documentation for AITAB and Ijarah ...

Shariah and Legal Issues in Islamic Banking and Capital Market

Shariah and Legal Issues in Islamic Consumer Banking - Lease Based and Other Financing Ñ Salient features of lease contract Ñ Consumer banking - financing based on leasing Ñ Islamic operating lease (Ijarah) Ñ Shariah and legal issues in Islamic operating lease Ñ Islamic financial lease (AITAB) Ñ ...