{"id":"https://openalex.org/W56362668","doi":null,"title":"Harmonising legality with morality in Islamic banking and finance: a quest for Maq\u0101\u1e63id al-Shar\u012b\u2018ah paradigm","display_name":"Harmonising legality with morality in Islamic banking and finance: a quest for Maq\u0101\u1e63id al-Shar\u012b\u2018ah paradigm","publication_year":2015,"publication_date":"2015-12-29","ids":{"openalex":"https://openalex.org/W56362668","mag":"56362668"},"language":"en","primary_location":{"id":"mag:56362668","doi":null,"is_oa":false,"landing_page_url":"http://irep.iium.edu.my/39259/","pdf_url":null,"source":{"id":"https://openalex.org/S2737200839","display_name":"Intellectual Discourse","issn_l":"0128-4878","issn":["0128-4878","2289-5639"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":["poland-40","russia-white-list-2"],"host_organization":"https://openalex.org/P4310321503","host_organization_name":"IIUM Press, International Islamic University Malaysia","host_organization_lineage":["https://openalex.org/P4310321503","https://openalex.org/P4310321984"],"host_organization_lineage_names":["IIUM Press, International Islamic University Malaysia","International Islamic University Malaysia"],"type":"journal"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":"Intellectual Discourse","raw_type":null},"volume":null,"type":"article","is_traditional":true,"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/A5043269165","display_name":"Luqman Zakariyah","orcid":"https://orcid.org/0000-0002-3769-6916","observed_orcids":["https://orcid.org/0000-0002-3769-6916"]},"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":"Luqman Zakariyah","raw_affiliation_strings":["#N#                  International Islamic University, Malaysia#N#"],"raw_orcid":"https://orcid.org/0000-0002-3769-6916","affiliations":[{"raw_affiliation_string":"#N#                  International Islamic University, Malaysia#N#","institution_ids":["https://openalex.org/I4164984"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":["https://openalex.org/A5043269165"],"corresponding_institution_ids":["https://openalex.org/I4164984"],"apc_list":null,"apc_paid":null,"fwci":2.661,"has_fulltext":false,"cited_by_count":12,"citation_normalized_percentile":{"value":0.91090529,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":98},"biblio":{"volume":"23","issue":null,"first_page":null,"last_page":null},"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":0.00039999998989515007,"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"}},{"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/islamic-banking","display_name":"Islamic banking","score":0.7940000295639038},{"id":"https://openalex.org/keywords/islamic-finance","display_name":"Islamic finance","score":0.9860000014305115},{"id":"https://openalex.org/keywords/maqasid-al-shariah","display_name":"maqasid al-shariah","score":0.9480000138282776},{"id":"https://openalex.org/keywords/usul-al-fiqh","display_name":"usul al-fiqh","score":0.7519999742507935},{"id":"https://openalex.org/keywords/islamic-financial-products","display_name":"Islamic banking products","score":0.492000013589859},{"id":"https://openalex.org/keywords/classical-islamic-scholars","display_name":"classical Islamic scholars","score":0.781000018119812}],"concepts":[{"id":"https://openalex.org/C42027317","wikidata":"https://www.wikidata.org/wiki/Q2307054","display_name":"Principle of legality","level":2,"score":0.9527860283851624},{"id":"https://openalex.org/C200113983","wikidata":"https://www.wikidata.org/wiki/Q48324","display_name":"Morality","level":2,"score":0.8921723365783691},{"id":"https://openalex.org/C4445939","wikidata":"https://www.wikidata.org/wiki/Q432","display_name":"Islam","level":2,"score":0.8146920204162598},{"id":"https://openalex.org/C2991718497","wikidata":"https://www.wikidata.org/wiki/Q457753","display_name":"Islamic finance","level":3,"score":0.6469308733940125},{"id":"https://openalex.org/C168702047","wikidata":"https://www.wikidata.org/wiki/Q482752","display_name":"Sharia","level":3,"score":0.5167552828788757},{"id":"https://openalex.org/C190253527","wikidata":"https://www.wikidata.org/wiki/Q295354","display_name":"Law and economics","level":1,"score":0.48035940527915955},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.45789724588394165},{"id":"https://openalex.org/C2993700298","wikidata":"https://www.wikidata.org/wiki/Q457753","display_name":"Islamic banking","level":3,"score":0.4550136625766754},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.4424687623977661},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.39111000299453735},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.38305923342704773},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.35114115476608276},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.1013886034488678},{"id":"https://openalex.org/C27206212","wikidata":"https://www.wikidata.org/wiki/Q34178","display_name":"Theology","level":1,"score":0.05918291211128235}],"mesh":[],"locations_count":1,"locations":[{"id":"mag:56362668","doi":null,"is_oa":false,"landing_page_url":"http://irep.iium.edu.my/39259/","pdf_url":null,"source":{"id":"https://openalex.org/S2737200839","display_name":"Intellectual Discourse","issn_l":"0128-4878","issn":["0128-4878","2289-5639"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":["poland-40","russia-white-list-2"],"host_organization":"https://openalex.org/P4310321503","host_organization_name":"IIUM Press, International Islamic University Malaysia","host_organization_lineage":["https://openalex.org/P4310321503","https://openalex.org/P4310321984"],"host_organization_lineage_names":["IIUM Press, International Islamic University Malaysia","International Islamic University Malaysia"],"type":"journal"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":"Intellectual Discourse","raw_type":null}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/16","score":0.8046000003814697,"display_name":"Peace, justice, and strong institutions"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":20,"referenced_works":["https://openalex.org/W257366948","https://openalex.org/W566063607","https://openalex.org/W1140674348","https://openalex.org/W1451902416","https://openalex.org/W1527070970","https://openalex.org/W1999868469","https://openalex.org/W2011106235","https://openalex.org/W2011554304","https://openalex.org/W2015464756","https://openalex.org/W2039527435","https://openalex.org/W2046522779","https://openalex.org/W2053457027","https://openalex.org/W2092050483","https://openalex.org/W2095275703","https://openalex.org/W2126909736","https://openalex.org/W2286774879","https://openalex.org/W2321668174","https://openalex.org/W2486608308","https://openalex.org/W3121681157","https://openalex.org/W4252611134"],"related_works":["https://openalex.org/W7208751525","https://openalex.org/W7221230247","https://openalex.org/W3172861962","https://openalex.org/W4380574454","https://openalex.org/W7166686490","https://openalex.org/W7019916259","https://openalex.org/W1419449286","https://openalex.org/W4224299018","https://openalex.org/W1604036423","https://openalex.org/W7160430915"],"abstract_inverted_index":{"Scholars":[0],"in":[1,18,31,102,116,129,177],"Islamic":[2,13,35,45,55,103,117,159],"Finance":[3],"Industry":[4],"(IFI)":[5],"have":[6,69],"been":[7,70],"calling":[8],"for":[9,24,88,135],"the":[10,19,22,59,79,86,95,123,131,136,141,148,172,178,190],"integration":[11],"of":[12,54,78,97,125,140,144,147,158,174,180,192],"morality":[14,99,113,151],"with":[15,100,184],"legal":[16,46,118,169],"theories":[17],"industry.":[20],"Among":[21],"reasons":[23],"this":[25,75],"call":[26],"is":[27,85,182],"an":[28],"unethical":[29],"trend":[30],"product":[32],"innovation.":[33],"Implementing":[34],"banking":[36],"and":[37,47,114,120,138,152,156,168,187],"financial":[38],"practices":[39],"would":[40],"require":[41],"adopting":[42],"their":[43,166,193],"undergirding":[44],"moral":[48,167],"frameworks.":[49],"Departing":[50],"from":[51],"these":[52],"foundations":[53],"law":[56],"could":[57],"render":[58],"activities":[60],"conducted":[61],"under":[62],"its":[63],"name":[64],"religiously":[65],"unacceptable.":[66],"Many":[67],"approaches":[68,84,124],"put":[71],"forward":[72],"to":[73,164],"achieve":[74],"cause.":[76],"One":[77],"most":[80],"complex":[81],"yet":[82],"subjective":[83],"quest":[87],"Maq\u0101\u1e63id":[89,175],"al-Shar\u012b\u2018ah.":[90],"This":[91],"paper":[92],"critically":[93,121],"examines":[94],"feasibility":[96],"harmonising":[98],"legality":[101,115,153],"finance.":[104],"In":[105],"doing":[106],"so,":[107],"it":[108],"will":[109],"reveal":[110],"what":[111],"constitutes":[112],"theory,":[119],"examine":[122],"Muslim":[126],"classical":[127],"scholars":[128],"fusing":[130],"two":[132],"elements":[133],"together":[134],"realisation":[137],"actualisation":[139],"very":[142],"objectives":[143],"Shar\u012b\u2018ah.":[145],"Questions":[146],"relationship":[149],"between":[150],"are":[154,162],"raised,":[155],"samples":[157],"finance":[160],"products":[161],"evaluated":[163],"expose":[165],"dimensions.":[170],"Lastly,":[171],"role":[173],"al-Shar\u012b\u2018ah":[176],"process":[179],"harmonisation":[181],"discussed":[183],"some":[185],"observations":[186],"reservations":[188],"on":[189],"practicality":[191],"implementation.":[194]},"counts_by_year":[{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":3},{"year":2020,"cited_by_count":5},{"year":2017,"cited_by_count":1},{"year":2016,"cited_by_count":1}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2016-06-24T00:00:00"}