An exploratory study on shariah non-compliance income in Tawarruq home financing in Malaysia

The purpose of this study is to explore the factors that contribute to the SNCI in tawarruq home financing. Tawarruq-based home financing has been implemented by 10 out of 16 Islamic banks in Malaysia. This study uses the document analysis method from sources that may include previous studies, paper...

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Main Author:	Muhammad Nasharudin Mu'Im, Nazri
Format:	Thesis
Language:	eng eng eng
Published:	2022
Subjects:	BP174 The practice of Islam HG Finance
Online Access:	https://etd.uum.edu.my/10240/1/permission%20to%20deposit-embargo%2024%20months-828319.pdf https://etd.uum.edu.my/10240/2/s828319_01.pdf https://etd.uum.edu.my/10240/3/s828319_02.pdf
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id	my-uum-etd.10240
record_format	uketd_dc
spelling	my-uum-etd.102402023-01-25T00:38:32Z An exploratory study on shariah non-compliance income in Tawarruq home financing in Malaysia 2022 Muhammad Nasharudin Mu'Im, Nazri Shari, Wahidah Othman Yeop Abdullah Graduate School of Business Othman Yeop Abdullah Graduate School of Business BP174 The practice of Islam HG Finance The purpose of this study is to explore the factors that contribute to the SNCI in tawarruq home financing. Tawarruq-based home financing has been implemented by 10 out of 16 Islamic banks in Malaysia. This study uses the document analysis method from sources that may include previous studies, papers, journals, reports, and books that are related to the topic, as well as semi-structured interviews methods with three respondents—two practitioners and one academic—who all came from different institutions and held different positions that took part in the interview session. The data was then manually analyzed. The finding of the study show that every factor; the sequence of sale contract, contract disclosure, possession and delivery, wakalah agreement, ta’widh, renewal of financing, and purpose of financing can cause an SNC event that contributes to SNCI due to failure to comply with Shariah compliance, triggering the negative effect in Islamic banks, thus all these seven variables contribute positively to the SNCI. Furthermore, the finding of the study can also pinpoint the root causes that contribute to SNCI cases, which include people, systems, and processes. Finally, and perhaps importantly, this study offers some suggested recommendations that should be put into practice based on these 3 root causes. 2022 Thesis https://etd.uum.edu.my/10240/ https://etd.uum.edu.my/10240/1/permission%20to%20deposit-embargo%2024%20months-828319.pdf text eng 2024-12-14 staffonly https://etd.uum.edu.my/10240/2/s828319_01.pdf text eng 2024-12-14 staffonly https://etd.uum.edu.my/10240/3/s828319_02.pdf text eng 2024-12-14 staffonly other masters Universiti Utara Malaysia
institution	Universiti Utara Malaysia
collection	UUM ETD
language	eng eng eng
advisor	Shari, Wahidah
topic	BP174 The practice of Islam HG Finance
spellingShingle	BP174 The practice of Islam HG Finance Muhammad Nasharudin Mu'Im, Nazri An exploratory study on shariah non-compliance income in Tawarruq home financing in Malaysia
description	The purpose of this study is to explore the factors that contribute to the SNCI in tawarruq home financing. Tawarruq-based home financing has been implemented by 10 out of 16 Islamic banks in Malaysia. This study uses the document analysis method from sources that may include previous studies, papers, journals, reports, and books that are related to the topic, as well as semi-structured interviews methods with three respondents—two practitioners and one academic—who all came from different institutions and held different positions that took part in the interview session. The data was then manually analyzed. The finding of the study show that every factor; the sequence of sale contract, contract disclosure, possession and delivery, wakalah agreement, ta’widh, renewal of financing, and purpose of financing can cause an SNC event that contributes to SNCI due to failure to comply with Shariah compliance, triggering the negative effect in Islamic banks, thus all these seven variables contribute positively to the SNCI. Furthermore, the finding of the study can also pinpoint the root causes that contribute to SNCI cases, which include people, systems, and processes. Finally, and perhaps importantly, this study offers some suggested recommendations that should be put into practice based on these 3 root causes.
format	Thesis
qualification_name	other
qualification_level	Master's degree
author	Muhammad Nasharudin Mu'Im, Nazri
author_facet	Muhammad Nasharudin Mu'Im, Nazri
author_sort	Muhammad Nasharudin Mu'Im, Nazri
title	An exploratory study on shariah non-compliance income in Tawarruq home financing in Malaysia
title_short	An exploratory study on shariah non-compliance income in Tawarruq home financing in Malaysia
title_full	An exploratory study on shariah non-compliance income in Tawarruq home financing in Malaysia
title_fullStr	An exploratory study on shariah non-compliance income in Tawarruq home financing in Malaysia
title_full_unstemmed	An exploratory study on shariah non-compliance income in Tawarruq home financing in Malaysia
title_sort	exploratory study on shariah non-compliance income in tawarruq home financing in malaysia
granting_institution	Universiti Utara Malaysia
granting_department	Othman Yeop Abdullah Graduate School of Business
publishDate	2022
url	https://etd.uum.edu.my/10240/1/permission%20to%20deposit-embargo%2024%20months-828319.pdf https://etd.uum.edu.my/10240/2/s828319_01.pdf https://etd.uum.edu.my/10240/3/s828319_02.pdf
_version_	1776103772851798016

An exploratory study on shariah non-compliance income in Tawarruq home financing in Malaysia

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