Akhtarzaite Abdul Aziz

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Dispute over the Legality of Al-Ijarah Al-Mawsufah fi Al-Dhimmah: A Survey of Fiqhi Opinions

The legality of al-ijarah al-mawsufah fi al-dhimmah (AIMAD) has been disputed. Some contemporary scholars have mentioned disagreement among the early Muslim scholars about it and have identified the Ḥanafi School’s position to be prohibition. In fact, the classical texts of…

Journal (English)

An Overview of Shari'ah Issues Regarding the Application of the Islamic Letter of Credit Practice in Malaysia

The Letter of Credit (LC) serves as an instrument of payment in international trade. Its aim is to facilitate trade between seller and buyer in different countries. To date, the Islamic banking environment promotes the use of the Islamic LC…

Journal (English)