Bai Bithaman Ajil (BBA) modelling by Qardhul Hasan

Nurfadhlina Abd Halim, Abd Aziz Arrashid Abd Rajak, Saiful Hafizah Jaaman @ Sharman

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

Bai Bithaman Ajil (BBA) is a buy-sale property instrument. BBA model consist of payment for principal and profit margin. Nevertheless, the fixation of profit margin in this contract is unclear and the conformity of this contract towards the law of Shariah is still in doubt. Hence, a new approach is introduce to explain and exclude the element of riba in the transaction. Qardhul hasan is a benevolent loan without any additional payment in its principal. Thus, the transaction which applied this concept is conforming towards Shariah. This paper explain the existing BBA model and the early development of the modified BBA which entails the application of qardhul hasan concept. The results prove that the modified BBA composed from the concept of qardhul hasan is better than the existing BBA model.

Original languageEnglish
Title of host publicationAdvances in Industrial and Applied Mathematics
Subtitle of host publicationProceedings of 23rd Malaysian National Symposium of Mathematical Sciences, SKSM 2015
PublisherAmerican Institute of Physics Inc.
Volume1750
ISBN (Electronic)9780735414075
DOIs
Publication statusPublished - 21 Jun 2016
Event23rd Malaysian National Symposium of Mathematical Sciences: Advances in Industrial and Applied Mathematics, SKSM 2015 - Johor Bahru, Malaysia
Duration: 24 Nov 201526 Nov 2015

Other

Other23rd Malaysian National Symposium of Mathematical Sciences: Advances in Industrial and Applied Mathematics, SKSM 2015
CountryMalaysia
CityJohor Bahru
Period24/11/1526/11/15

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ASJC Scopus subject areas

  • Physics and Astronomy(all)

Cite this

Halim, N. A., Rajak, A. A. A. A., & Jaaman @ Sharman, S. H. (2016). Bai Bithaman Ajil (BBA) modelling by Qardhul Hasan. In Advances in Industrial and Applied Mathematics: Proceedings of 23rd Malaysian National Symposium of Mathematical Sciences, SKSM 2015 (Vol. 1750). [030001] American Institute of Physics Inc.. https://doi.org/10.1063/1.4954537

Bai Bithaman Ajil (BBA) modelling by Qardhul Hasan. / Halim, Nurfadhlina Abd; Rajak, Abd Aziz Arrashid Abd; Jaaman @ Sharman, Saiful Hafizah.

Advances in Industrial and Applied Mathematics: Proceedings of 23rd Malaysian National Symposium of Mathematical Sciences, SKSM 2015. Vol. 1750 American Institute of Physics Inc., 2016. 030001.

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Halim, NA, Rajak, AAAA & Jaaman @ Sharman, SH 2016, Bai Bithaman Ajil (BBA) modelling by Qardhul Hasan. in Advances in Industrial and Applied Mathematics: Proceedings of 23rd Malaysian National Symposium of Mathematical Sciences, SKSM 2015. vol. 1750, 030001, American Institute of Physics Inc., 23rd Malaysian National Symposium of Mathematical Sciences: Advances in Industrial and Applied Mathematics, SKSM 2015, Johor Bahru, Malaysia, 24/11/15. https://doi.org/10.1063/1.4954537
Halim NA, Rajak AAAA, Jaaman @ Sharman SH. Bai Bithaman Ajil (BBA) modelling by Qardhul Hasan. In Advances in Industrial and Applied Mathematics: Proceedings of 23rd Malaysian National Symposium of Mathematical Sciences, SKSM 2015. Vol. 1750. American Institute of Physics Inc. 2016. 030001 https://doi.org/10.1063/1.4954537
Halim, Nurfadhlina Abd ; Rajak, Abd Aziz Arrashid Abd ; Jaaman @ Sharman, Saiful Hafizah. / Bai Bithaman Ajil (BBA) modelling by Qardhul Hasan. Advances in Industrial and Applied Mathematics: Proceedings of 23rd Malaysian National Symposium of Mathematical Sciences, SKSM 2015. Vol. 1750 American Institute of Physics Inc., 2016.
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