{"id":"https://openalex.org/W1800907635","doi":null,"title":"IWAD AS A REQUIREMENT OF LAWFUL SALE: A CRITICAL ANALYSIS","display_name":"IWAD AS A REQUIREMENT OF LAWFUL SALE: A CRITICAL ANALYSIS","publication_year":2001,"publication_date":"2001-01-01","ids":{"openalex":"https://openalex.org/W1800907635","mag":"1800907635"},"language":"en","primary_location":{"id":"pmh:oai:RePEc:ije:journl:v:9:y:2001:i:2:p:187-202","doi":null,"is_oa":false,"landing_page_url":"http://www.iium.edu.my/enmjournal/92art4.pdf","pdf_url":"http://www.iium.edu.my/enmjournal/92art4.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},"volume":null,"type":"article","indexed_in":[],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5022667183","display_name":"Saiful Azhar Rosly","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I4164984","display_name":"International Islamic University Malaysia","ror":"https://ror.org/03s9hs139","country_code":"MY","type":"education","lineage":["https://openalex.org/I4164984"]}],"countries":["MY"],"is_corresponding":true,"raw_author_name":"Saiful Azhar Rosly","raw_affiliation_strings":["Associate Professor, Department of Economics, Kulliyyah of Economics and Management Sciences, International Islamic University Malaysia, Jalan Gombak, 53100 Kuala Lumpur, Malaysia. (e-mail: saiful@iiu.edu.my)"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Associate Professor, Department of Economics, Kulliyyah of Economics and Management Sciences, International Islamic University Malaysia, Jalan Gombak, 53100 Kuala Lumpur, Malaysia. (e-mail: saiful@iiu.edu.my)","institution_ids":["https://openalex.org/I4164984"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5022667183"],"corresponding_institution_ids":["https://openalex.org/I4164984"],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":false,"cited_by_count":21,"citation_normalized_percentile":{"value":0.42069529,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":98},"biblio":{"volume":"9","issue":"2","first_page":"187","last_page":"202"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11365","display_name":"Islamic Finance and Banking Studies","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11365","display_name":"Islamic Finance and Banking Studies","score":0.9994999766349792,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13646","display_name":"Qur\u2019anic Interpretation Studies","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/3304","display_name":"Education"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13815","display_name":"Islamic Thought and Society Studies","score":0.0,"subfield":{"id":"https://openalex.org/subfields/1212","display_name":"Religious studies"},"field":{"id":"https://openalex.org/fields/12","display_name":"Arts and Humanities"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/riba","display_name":"riba","score":0.7940000295639038},{"id":"https://openalex.org/keywords/islamic-commercial-contracts","display_name":"Islamic commercial contracts","score":0.6230000257492065},{"id":"https://openalex.org/keywords/gharar","display_name":"gharar","score":0.6129999756813049},{"id":"https://openalex.org/keywords/ijarah","display_name":"ijarah","score":0.7549999952316284},{"id":"https://openalex.org/keywords/salam","display_name":"salam","score":0.9509999752044678},{"id":"https://openalex.org/keywords/muamalah","display_name":"muamalah","score":0.656000018119812},{"id":"https://openalex.org/keywords/murabaha-financing","display_name":"murabahah financing","score":0.8949999809265137},{"id":"https://openalex.org/keywords/islamic-banking","display_name":"Islamic banking","score":0.671999990940094},{"id":"https://openalex.org/keywords/islamic-legitimacy","display_name":"Islamic legitimacy","score":0.5849999785423279}],"concepts":[{"id":"https://openalex.org/C4445939","wikidata":"https://www.wikidata.org/wiki/Q432","display_name":"Islam","level":2,"score":0.7611255049705505},{"id":"https://openalex.org/C46295352","wikidata":"https://www.wikidata.org/wiki/Q207982","display_name":"Legitimacy","level":3,"score":0.7035382986068726},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6095411777496338},{"id":"https://openalex.org/C168702047","wikidata":"https://www.wikidata.org/wiki/Q482752","display_name":"Sharia","level":3,"score":0.5115295648574829},{"id":"https://openalex.org/C2776291640","wikidata":"https://www.wikidata.org/wiki/Q2912517","display_name":"Value (mathematics)","level":2,"score":0.45801085233688354},{"id":"https://openalex.org/C2777834853","wikidata":"https://www.wikidata.org/wiki/Q96776939","display_name":"Liability","level":2,"score":0.451107382774353},{"id":"https://openalex.org/C2993700298","wikidata":"https://www.wikidata.org/wiki/Q457753","display_name":"Islamic banking","level":3,"score":0.44129064679145813},{"id":"https://openalex.org/C190253527","wikidata":"https://www.wikidata.org/wiki/Q295354","display_name":"Law and economics","level":1,"score":0.4035402238368988},{"id":"https://openalex.org/C54750564","wikidata":"https://www.wikidata.org/wiki/Q26643","display_name":"Commerce","level":1,"score":0.36375105381011963},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.3286706209182739},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.2996751070022583},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.2815508544445038},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.10843929648399353},{"id":"https://openalex.org/C27206212","wikidata":"https://www.wikidata.org/wiki/Q34178","display_name":"Theology","level":1,"score":0.07210206985473633},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"pmh:oai:RePEc:ije:journl:v:9:y:2001:i:2:p:187-202","doi":null,"is_oa":false,"landing_page_url":"http://www.iium.edu.my/enmjournal/92art4.pdf","pdf_url":"http://www.iium.edu.my/enmjournal/92art4.pdf","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"mag:1800907635","doi":null,"is_oa":false,"landing_page_url":"https://EconPapers.repec.org/RePEc:ije:journl:v:9:y:2001:i:2:p:187-202","pdf_url":null,"source":{"id":"https://openalex.org/S2764897135","display_name":"IIUM Journal Of Economics and Management/International Journal of Economics, Management and Accounting","issn_l":"1394-7680","issn":["1394-7680","2462-1420"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":["poland-40","russia-white-list-3"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":"IIUM Journal Of Economics and Management/International Journal of Economics, Management and Accounting","raw_type":null},{"id":"mag:2753630987","doi":null,"is_oa":false,"landing_page_url":"https://ikr.inceif.org/handle/INCEIF/2587","pdf_url":null,"source":{"id":"https://openalex.org/S4306529441","display_name":"SEDONA","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":"SEDONA","raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[{"score":0.46149998903274536,"id":"https://metadata.un.org/sdg/16","display_name":"Peace, justice, and strong institutions"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":2,"referenced_works":["https://openalex.org/W1989751449","https://openalex.org/W2570025855"],"related_works":["https://openalex.org/W4407146807","https://openalex.org/W7112783016","https://openalex.org/W2611687723","https://openalex.org/W2801145822","https://openalex.org/W7112974836","https://openalex.org/W4320150175","https://openalex.org/W7220104202","https://openalex.org/W7216528397","https://openalex.org/W2978933451","https://openalex.org/W614233670"],"abstract_inverted_index":{"This":[0],"paper":[1],"will":[2],"argue":[3],"that":[4,12,117,134],"replacing":[5],"ribOE":[6,74],"with":[7],"al-bayc":[8,99],"does":[9],"not":[10],"mean":[11],"the":[13,28,35,59,92,118,121,127,135,140],"latter":[14],"can":[15],"imply":[16],"any":[17,66],"form":[18],"of":[19,30,37,62,94,96,123,142],"sale":[20,52,69],"(al-bayc)":[21],"to":[22,139],"justify":[23],"Islamic":[24,79,106,111,161],"legitimacy.":[25],"Apart":[26],"from":[27,68],"prohibition":[29],"uncertainties":[31],"(gharOEr)":[32],"in":[33,125,160,166],"sale,":[34],"requirement":[36],"an":[38],"equivalent":[39],"countervalue":[40],"(ciwa\u00e8)":[41],"must":[42,70,115,130],"also":[43,131,157],"be":[44],"met.":[45],"Risk":[46],"(ghurm)":[47],"and":[48,53,86,152,163],"liability":[49],"(\u00e8aman)":[50],"after":[51],"value-addition":[54],"or":[55,98],"effort":[56],"(ikhtiyOEr)":[57],"are":[58,102,156],"principal":[60],"components":[61],"ciwa\u00e8.":[63],"As":[64],"such,":[65],"increase":[67],"contain":[71],"ciwa\u00e8,":[72],"otherwise":[73],"is":[75,89,137],"implicated.":[76],"In":[77],"classical":[78],"commercial":[80],"contracts":[81,93],"such":[82],"as":[83],"ijOErah,":[84],"salam":[85],"mu\u00e8OErabah,":[87],"ciwa\u00e8":[88],"evident.":[90],"However,":[91],"credit":[95],"al-murOEba\u00faah":[97],"bithaman":[100],"OEjil":[101],"widely":[103,158],"used":[104,159],"by":[105],"banking":[107],"practitioners.":[108],"To":[109],"prove":[110],"legitimacy,":[112],"this":[113],"contract":[114],"show":[116,132],"financiers":[119],"assume":[120],"risk":[122],"ownership":[124],"making":[126],"sale.":[128],"It":[129],"evidence":[133],"seller":[136],"liable":[138],"option":[141],"defect":[143],"(khiyOEr":[144],"alcayb).":[145],"The":[146],"same":[147],"holds":[148],"for":[149],"bayc":[150,153],"al-c\u00a5nah":[151],"al-dayn":[154],"which":[155],"money":[162],"capital":[164],"markets":[165],"some":[167],"Muslim":[168],"countries.":[169]},"counts_by_year":[{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":4},{"year":2017,"cited_by_count":4},{"year":2016,"cited_by_count":3}],"updated_date":"2026-08-11T07:18:39.950985","created_date":"2016-06-24T00:00:00"}