Research Article

An Assessment of Ijara Financing Product of Ja’iz Bank in the Light of Maqasid Al shari’ah

Nura Yahaya1*
1 Federal College of Education (Tech.), Bichi, Kano State, Nigeria.
* Corresponding author: nurayahayakhan@gmail.com
Published: Dec, 2024
DOI: 10.67894/bjf.2024.5pag1nmv
Pages: 129-139
Views: 9
Downloads: 6

Abstract

This study assesses Ja'iz Bank's Ijarah financing products through the lens of the Maqasid Al Shari'ah framework. A quantitative methods approach was employed, A purposive sampling technique was used to select 389 respondents from the 75,088 population. Data was collected using a questionnaire, and multiple regression analysis was applied to examine the alignment of Ja'iz Bank's Ijarah financing products with maqasid al-Shari'ah. The findings reveal that Ja'iz Bank's Ijarah product addresses key objectives of maqasid al-Shari'ah, including the transfer of property rights, promotion of ownership, and welfare enhancement for customers. The study recommends that Islamic financial institutions, regulators, shareholders, and stakeholders ensure that all products offered by Islamic banks comply with Shariah objectives. Furthermore, Islamic banks should prioritize social welfare and protect societal needs, rather than solely focusing on profit maximization. 

Keywords

Assessment Ijara Financing and Maqasiq al-Shari’ah.

References

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How to Cite

Yahaya, N. (2024). An Assessment of Ijara Financing Product of Ja’iz Bank in the Light of Maqasid Al shari’ah. Bayero University Journal of Finance, 1(2), 129-139. https://doi.org/10.67894/bjf.2024.5pag1nmv

N. Yahaya, "An Assessment of Ijara Financing Product of Ja’iz Bank in the Light of Maqasid Al shari’ah," Bayero University Journal of Finance, vol. 1, no. 2, pp. 129-139, December 2024. doi: 10.67894/bjf.2024.5pag1nmv

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