TY - JOUR AU - Yunus, Saidatolakma Mohd AU - Haneef, Sayed Sikandar al AU - Kamaruddin, Zuraidah PY - 2018/01/23 Y2 - 2024/03/29 TI - JURISTIC METHODS OF PURIFYING HARAM INCOMES: AN ANALYSIS IN THE CONTEXT OF ISLAMIC BANKS IN MALAYSIA JF - Al-Shajarah: Journal of the International Institute of Islamic Thought and Civilization (ISTAC) JA - SHAJARAH VL - 22 IS - 2 SE - ARTICLES DO - 10.31436/shajarah.v22i2.560 UR - https://journals.iium.edu.my/shajarah/index.php/shaj/article/view/560 SP - 193-213 AB - <p>This study attempts to articulate juristic mechanisms by which<br>Islamic banks in Malaysia can purge the unlawful income from their<br>assets. An Islamic bank being a modern corporate entity when<br>dealing with people of diverse cultures and conventional business<br>entities, at times, feels the pressure of not being able to stay away<br>from transactions tainted with haram. Islamic banks as a matter of<br>principle should not involve themselves in any unlawful business<br>activities in the process of which they can procure unlawful incomes.<br>A question of how Islamic banks in Malaysia should treat such<br>incomes, both classical and contemporary jurists have proposed their<br>own set of juristic methods. This study recommends the Islamic banks<br>to address the importance of undertaking the purification process of<br>haram income according to Shari’ah.</p> ER -