Sharia Parameters for Cash Trust Hibah Implementation in Malaysia

Shofiyyah Moidin; Mohd Afandi Mat Rani; Mohd Izzat Amsyar Mohd Arif; Faezy Adenan

doi:10.21834/e-bpj.v8iSI14.5063

Authors

Shofiyyah Moidin Academy of Contemporary Islamic Studies, Universiti Teknologi MARA, Shah Alam, Malaysia
Mohd Afandi Mat Rani Academy of Contemporary Islamic Studies, Universiti Teknologi MARA, Shah Alam, Malaysia.
Mohd Izzat Amsyar Mohd Arif Faculty of law, Universiti Kebangsaan Malaysia, Bangi, Malaysia
Faezy Adenan Faculty of law, Universiti Kebangsaan Malaysia, Bangi, Malaysia

DOI:

https://doi.org/10.21834/e-bpj.v8iSI14.5063

Keywords:

Shariah, Parameter, Cash, Trust Hibah

Abstract

Several entities in Malaysia have offered to implement trust hibah in order to establish Muslim property management. The previous study has argued that several Sharia difficulties demand a clear explanation and answer from a Shariah perspective. As a result, the goal of this research is to propose cash trust hibah parameters to guide and improve trust hibah governance by all stakeholders. This qualitative research collected data from in-depth interviews. Data will be analysed by content analysis. The finding showed that cash trust hibah parameters should be done using conditional hibah contracts and made separately, the condition must serve the interests and welfare of the giver and the hibah’s recipient, and a cash trust hibah property should be done based on a percentage rather than a fixed value. Thus, trust hibah product providers must follow Shariah parameters to boost Muslim trust.

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