Products for Financing Maintenance and Finishing Works in Islamic Banks: An applied fundamental Study
DOI:
https://doi.org/10.59759/jjis.v19i2.18Keywords:
Islamic finance, financing of maintenance and finishing works, parallel Istisna, parallel IjarahAbstract
The subject of financing maintenance and finishing works is considered one of the serious issues that Islamic banks need today. The study aimed at the legal justification of financing products for maintenance and finishing works in Islamic banks and tracking the practical application of this type of financing. The study traced applying this product in Islamic banks operating in the Hashemite Kingdom of Jordan. The study concluded that the jurisprudential adaptation of financing maintenance and finishing works varies according to the workers commitment. That is, if the worker’s commitment includes materials and wages, this is considered a parallel Istisna’a, and if financing is limited to wages only, this is considered a parallel Ijarah. The study also found that some Islamic banks apply the financing of maintenance and finishing works in a separate product, some apply it within the Istisna product, and others apply it within the personal financing products (Tawarruq).
References
- Ibn al-Athīr, Majd al-Dīn al-Jazarī, al-nihāyah fī Gharīb al-ḥadīth wa-al-athar, Dār al-Kutub al-ʻIlmīyah, Bayrūt, 1979m.
- Aḥmad, Aḥmad ibn Ḥanbal, al-Musnad, Muʼassasat al-Risālah, Bayrūt, Lubnān, 2001M.
- al-Balkhī, Niẓām al-Dīn wa-Jamāʻat min al-ʻulamāʼ, al-Fatāwá al-Hindīyah, Dār al-Fikr, Bayrūt, 1310h.
- al-Bank al-Islāmī al-Urdunī, mulḥaq al-Fatāwá al-sharʻīyah li-ʻām 2021, https : / / www. jordanislamicbank. com / ar / content / % D8 % A7 % D9 % 84 % D9 % 81 % D8 % AA % D8 % A7 % D9 % 88 % D9 % 89-% D8 % A7 % D9 % 84 % D8 % B4 % D8 % B1 % D8 % B9 % D9 % 8A % D8 % A9, tamma al-iṭṭilāʻ bi-tārīkh 17-3-2020m.
- al-Bank al-ʻArabī al-Islāmī al-dawlī, al-taqrīr al-Sanawī 2020.
- al-Bank al-ʻArabī al-Islāmī al-dawlī, Fatāwá Hayʼat al-Raqābah al-sharʻīyah 2009-2015.
- al-Bank al-ʻArabī al-Islāmī al-dawlī, Fatāwá Hayʼat al-Raqābah al-sharʻīyah 2020.
- Bank Ṣafwat al-Islāmī, al-taqrīr al-Sanawī 2017.
- Bank Ṣafwat al-Islāmī, al-taqrīr al-Sanawī 2020.
- Ḥaydar, ʻAlī Ḥaydar Afandī, Durar al-ḥukkām fī sharḥ Majallat al-aḥkām, Dār al-Jīl, 1991m.
- Abū Dāwūd, Sulaymān ibn al-Ashʻath, al-sunan, al-Maktabah al-ʻAṣrīyah, Bayrūt, 2014m.
- al-Dimashqī, Abū al-Faḍl Muslim ibn ʻAlī, al-Furūq al-fiqhīyah, Dār al-Ḥikmah, Ṭarābulus, Lībiyā, 2007m.
- al-Dumayjī, ʻAbd al-ʻAzīz ibn Ṣāliḥ, tamwīl al-Khidmāt, Dār al-Maymān, al-Saʻūdīyah, 2019m.
- al-Rashīdī, Wasan, al-tawāzī fī al-ʻuqūd dirāsah fiqhīyah iqtiṣādīyah, Majallat al-Jamʻīyah al-fiqhīyah al-Saʻūdīyah, al-ʻadad al-thāmin ʻashar, Jāmiʻat al-Imām Muḥammad ibn Saʻūd, al-Saʻūdīyah, 2014m.
- al-Zarqā, Muṣṭafá, al-istiṣnāʻ wa-madá ahammīyatuh fī al-istithmārāt al-mālīyah al-muʻāṣirah, al-Maʻhad al-Islāmī lil-Buḥūth wa-al-Tadrīb, Jiddah, 1420h.
- al-Saʻdī, ʻAbd al-Raḥmān ibn ʻAbd Allāh, ijārh almwṣwf fī al-dhimmah, Dār al-Maymān, al-Saʻūdīyah, 1918m.
- al-Shirbīnī, Shams al-Dīn al-Khaṭīb, Mughnī al-muḥtāj bi-maʻrifat maʻānī alfāẓ al-Minhāj, Dār al-Kutub al-ʻIlmīyah, Bayrūt, 1994m.
- Ibn ʻĀbidīn, Muḥammad Amīn, radd al-muḥtār ʻalá al-Durr al-Mukhtār, Dār al-Fikr, Bayrūt, 1992m.
- al-ʻAjlūnī, Aḥmad Ṭāhā, Naẓarīyat al-tamwīl al-Islāmī wa-adawātuhu, Jāmiʻat al-Qaṣīm, al-Saʻūdīyah, 2014m.
- Abū al-ʻIzz, ʻAlī Muḥammad, ʻUqūd al-tamwīl al-Islāmī : tanbīhāt wa-mulāḥaẓāt sharʻīyah, Dār al-Nafāʼis, ʻAmmān al-Urdun, 2018m.
- ʻUmar, Aḥmad Mukhtār, Muʻjam al-lughah al-ʻArabīyah al-muʻāṣirah, ʻĀlam al-Kutub, al-Saʻūdīyah, 2008M.
- al-ʻAynī, Badr al-Dīn Abū Muḥammad, albnāyh sharḥ al-Hidāyah, Dār al-Kutub al-ʻIlmīyah, Bayrūt, 2000M.
- Ibn Fāris, Abū al-Ḥusayn al-Qazwīnī, Muʻjam Maqāyīs al-lughah, Dār al-Fikr, Lubnān, 1979m.
- al-Qaḥṭānī, Musfir ibn ʻAlī, al-Takyīf al-fiqhī lil-aʻmāl al-maṣrifīyah, baḥth muqaddam ilá Muʼtamar al-maṣārif al-Islāmīyah bayna al-wāqiʻ wa-al-maʼmūl, Dāʼirat al-Shuʼūn al-Islāmīyah bi-Dubayy, 31 Māyū – 3 Yūniyū 2015m.
- qarār al-Hayʼah al-sharʻīyah li-Maṣrif al-Rājiḥī Farʻ al-Urdun raqm (15) al-Sunnah al-ūlá al-dawrah al-ūlá bi-tārīkh 6/2 / 2017m.
- Qalʻajī, Muḥammad Rawwās wḥāmd Ṣādiq Qunaybī, Muʻjam Lughat al-fuqahāʼ, Dār al-Nafāʼis, al-Urdun, 1988m.
- al-Kāsānī, ʻAlāʼ al-Dīn Abū Bakr, Badāʼiʻ al-ṣanāʼiʻ fī tartīb al-sharāʼiʻ, Dār al-Kutub al-ʻIlmīyah, Bayrūt, 1986m
- al-Māzarī, Abū ʻAbd Allāh al-Tamīmī, sharḥ al-talqīn, Dār al-Gharb al-Islāmī, Bayrūt, 2008M.
- al-Marghīnānī, Abū al-Ḥasan Burhān al-Dīn, al-Hidāyah fī sharḥ bidāyat al-mubtadī, Dār Iḥyāʼ
al-Turāth al-ʻArabī, Bayrūt, Lubnān.
- Maṣrif al-Rājiḥī, al-taqrīr al-Sanawī 2018, https : / / www. annualreport. plus / alrajhibank2018 / ar / performance / review _ of _ subsidiaries _ and _ international _ branches. html, tamma al-iṭṭilāʻ bi-tārīkh 17-3-2020m.
- al-Miṣrī, Rafīq Yūnus, Sharikat al-wujūh dirāsah taḥlīlīyah, Dār al-Maktabī, 2010m.
- al-maʻāyīr al-sharʻīyah, Hayʼat al-muḥāsabah wa-al-murājaʻah lil-muʼassasāt al-mālīyah al-Islāmīyah, al-Manāmah, al-Baḥrayn, al-Miʻyār al-sharʻī raqm (11), mulḥaq (J).
- Mawqiʻ LegalVision, https : / / legalvision. com. au / q-and-a / what-is-a-financial-product /, tamma al-iṭṭilāʻ bi-tārīkh 16-5-2022m.
- Mawqiʻ al-Bank al-Islāmī al-Urdunī, https: //www.jordanislamicbank.com/ar/content/%D8 % A3 % D8 % B9 % D9 % 85 % D8 % A7 % D9 % 84-% D8 % A7 % D9 % 84 % D8 % B5 % D9 % 8A % D8 % A7 % D9 % 86 % D8 % A9-% D9 % 88 % D8 % A7 % D9 % 84 % D8 % AA % D8 % B4 % D8 % B7 % D9 % 8A % D8 % A8 % D8 % A7 % D8 % AA-% D8 % A8 % D8 % B9 % D8 % A7 % D8 % A6 % D8 % AF-% D8 % A7 % D9 % 8A % D8 % AC % D8 % A7 % D8 % B1 % D9 % 8A, tamma al-iṭṭilāʻ bi-tārīkh 6-3-2022m.
- Mawqiʻ Bank Ṣafwat al-Islāmī, al-muntajāt al-Jadīdah khilāl al-ʻāmm 2019 wa-al-fatāwá Dhāt al-ʻalāqah, https : / / www. safwabank. com / ar / % d8 % a7 % d9 % 84 % d9 % 81 % d8 % aa % d8 % a7 % d9 % 88 % d9 % 89-% d8 % a7 % d9 % 84 % d8 % b4 % d8 % b1 % d8 % b9 % d9 % 8a % d8 % a9 /, tamma al-iṭṭilāʻ bi-tārīkh 10-3 – 2022m.
- Mawqiʻ Majmaʻ al-fiqh al-Islāmī al-dawlī, qarār raqm : 103 (11/6) bi-shaʼn ʻaqd al-ṣiyānah, https://iifa-aifi. org / ar / 2037. html, shawahid bi-tārīkh 21-2 – 2022m.
- Mawqiʻ Majmaʻ al-fiqh al-Islāmī al-dawlī, qarār raqm : 109 (12/3) bi-shaʼn mawḍūʻ al-Sharṭ al-jazāʼī, http://www.iifa-aifi. org / 2059. html.
- Mawqiʻ Majmaʻ al-fiqh al-Islāmī al-dawlī, qarār raqm : 65 (7/3) bi-shaʼn ʻaqd al-istiṣnāʻ, https: //iifa-aifi.org/ar/1852. html, shawahid bi-tārīkh 23-2-2022m.
- Mawqiʻ Mudawwanat Buyūt, https : / / www. bayut. sa / blog / % D9 % 85 % D9 % 82 % D8 % AA % D8 % B7 % D9 % 81 % D8 % A7 % D8 % AA / % D8 % A3 % D9 % 86 % D9 % 88 % D8 % A7 % D8 % B9-% D8 % AA % D8 % B4 % D8 % B7 % D9 % 8A % D8 % A8 / # % D9 % 85 % D8 % A7-% D9 % 87 % D9 % 88-% D8 % A7 % D9 % 84 % D8 % AA % D8 % B4 % D8 % B7 % D9 % 8A % D8 % A8-% D8 % 9F, tamma al-iṭṭilāʻ bi-tārīkh 6-2-2022m.
- Mawqiʻ Maṣrif al-Rājiḥī, https : / / www. alrajhibank. com. sa / alrajhi-group / about / who-we-are, Tārīkh al-iṭṭilāʻ 17-3-2020m.
