Analisa Eksistensi Gharar Terhadap Perlaksanaan Pembiayaan Peribadi Tawarruq: The Analysis of Gharar Existence inThe Implementation of Tawarruq Personal Financing

Hussein Azeemi Abdullah Thaidi; Muhamad Firdaus Ab Rahman; Azman Ab Rahman

doi:10.7187/GJAT572014.04.01

Authors

Hussein Azeemi Abdullah Thaidi Fakulti Syariah dan Undang-Undang Universiti Sains Islam Malaysia, Bandar Baru Nilai, 71800 Nilai, Negeri Sembilan, Malaysia
Muhamad Firdaus Ab Rahman Fakulti Syariah dan Undang-Undang Universiti Sains Islam Malaysia, Bandar Baru Nilai, 71800 Nilai, Negeri Sembilan, Malaysia
Azman Ab Rahman Fakulti Syariah dan Undang-Undang Universiti Sains Islam Malaysia, Bandar Baru Nilai, 71800 Nilai, Negeri Sembilan, Malaysia

DOI:

https://doi.org/10.7187/GJAT572014.04.01

Keywords:

Personal financing, tawarruq, gharar, ambiguity, Islamic banking

Abstract

Tawarruq personal financing is one of the most profitable Islamic finance products to Islamic financial institutions. However, it has been pointed out that its implementation triggered some controversial issues which related to the prohibition of gharar (ambiguity). This problem is getting bigger because there is no specific guideline prepared by the Central Bank of Malaysia (BNM) for the sake of proper tawarruq implementation. Hence, the objective of this research is to evaluate the existence of gharar in the tawarruq personal financing. This qualitative research adopts library method and observation method. The primary data is gained through the method of interviews with three selected respondents from Bank Islam Malaysia Berhad (BIMB). This research discovered that the gharar is existed in the implementation of tawarruq personal financing. This research concluded that its existence is permissible based on gharar yasir principles. The clarification in this research will retrieve the skeptical towards Islamic banking products and boost its productions. Nevertheless, it is recommended that this kind of research could be extended to explore on the other Islamic financing concepts such as musharakah, ijarah and al-rahnu to be implemented as personal financing instruments.

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