UUM Electronic Theses and Dissertation
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An exploratory study on shariah non-compliance income in Tawarruq home financing in Malaysia

Muhammad Nasharudin Mu'Im, Nazri (2022) An exploratory study on shariah non-compliance income in Tawarruq home financing in Malaysia. Masters thesis, Universiti Utara Malaysia.

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Abstract

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.

Item Type: Thesis (Masters)
Supervisor : Shari, Wahidah
Item ID: 10240
Uncontrolled Keywords: Tawarruq, Home financing, Shariah Non-Compliance Income, Malaysia
Subjects: B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc > BP174 The practice of Islam
H Social Sciences > HG Finance
Divisions: Othman Yeop Abdullah Graduate School of Business
Date Deposited: 25 Jan 2023 00:38
Last Modified: 25 Jan 2023 00:38
Department: Othman Yeop Abdullah Graduate School of Business
Name: Shari, Wahidah
URI: https://etd.uum.edu.my/id/eprint/10240

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