TY - JOUR AU - Mohamad Hamdan, Noor Aishah AU - Ahmad Sarkawi , Azila AU - Abdullah Habib , Siti Nora Haryati AU - Othman, Ahmad Azam PY - 2020/12/25 Y2 - 2024/03/29 TI - Assessment of Ta’widh and Gharamah in Islamic Financing Contract and Its Applicability Potential for Construction Works Contracts JF - Environment-Behaviour Proceedings Journal JA - E-BPJ VL - 5 IS - 15 SE - Legal Matters DO - 10.21834/ebpj.v5i15.2504 UR - https://ebpj.e-iph.co.uk/index.php/EBProceedings/article/view/2504 SP - 255-262 AB - <p><a style="cursor: pointer;" href="https://crossmark.crossref.org/dialog?doi=10.21834/ebpj.v5i15.2504&amp;domain=ebpj.e-iph.co.uk&amp;uri_scheme=http;cm_version=v2.0" data-target="crossmark"><img src="https://ebpj.e-iph.co.uk/xmark.jpg" alt="" /></a></p><p><em>Ta'widh</em> and <em>gharamah</em> are the Shariah compliant late payment charges primarily used for Islamic financial contracts. Seven identified themes were used to qualitatively compare and contrast between the Guidelines on Late Payment Charges for Islamic Banking Institutions (2012) against the provisions of interest for late interim payment from four Malaysian construction works contracts. The findings revealed similarities and differences for identification of Shariah compliance. Recommendations were made for the harmonisation of <em>ta’widh</em> and <em>gharamah</em> in the construction works contracts while ensuring its practical and legal applicability. The outcome is beneficial for Islamic organisations and Muslims involved with the construction works.</p><p><strong> </strong>Keywords: ta’widh and gharamah, late payment, interest,construction,</p><p><em>eISSN: 2398-4287© 2020. The Authors. Published for AMER ABRA cE-Bs by e-International Publishing House, Ltd., UK. This is an open access article under the CC BYNC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/). Peer–review under responsibility of AMER (Association of Malaysian Environment-Behaviour Researchers), ABRA (Association of Behavioural Researchers on Asians) and cE-Bs (Centre for Environment-Behaviour Studies), Faculty of Architecture, Planning &amp; Surveying, Universiti Teknologi MARA, Malaysia.</em></p><p>DOI: https://doi.org/10.21834/ebpj.v5i15.2504</p> ER -