We found a match
Your institution may have access to this item. Find your institution then sign in to continue.
- Title
تسعير اإلجارة: األنموذج البديل القائم على المشاركة.
- Authors
إبراهيم الحيدوس&; ختام بن جديدية
- Abstract
Islamic finance faces a significant challenge in pricing future contracts as they are typically based on interest rates, such as LIBOR, which is not compliant with Shariah principles. In this paper, an alternative participatory model is proposed, which is rooted in the essence of Islamic finance, emphasizing participation in risks and gains. This proposal draws from the jurisprudential adaptation of the leasing product and suggests a method for calculating returns on Ijara contracts by incorporating the Musharaka element as a crucial component of the contract, allowing for the automatic adjustment of prices throughout the contract period. The research examines the forensic evidence and pricing models used and derives an appropriate model for the proposed formula for the Ijarah product. The study’s ultimate objective is to address the challenge of pricing future contracts in Islamic finance while remaining compliant with Shariah principles.
- Publication
Bait Al-Mashura Journal, 2023, Issue 19, p209
- ISSN
2410-6836
- Publication type
Article
- DOI
10.33001/M0104202319/112