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Development endowment and Islamic financing formulas Financial leasing as an example

Author

Listed:
  • Abd Al-Majid Salaheen

    (School of Sharia, Department of Foundations of Religion, University of Jordan, Amman, Jordan Author-Orchid id: https://orcid.org/0000-0002-4033-7383)

  • Klwdian Zaimay

    (Cambridge International School, Doha, Qatar Orcid ID: Orcid ID: 0000-0002-5000-5649)

  • Hayel Dawood

    (University of Jordan, Amman, Jordan)

Abstract

This study aims to highlight the idea of a development endowment, and deviate from the prevailing stereotypical culture of endowment in society and among many Islamic endowment institutions, considering that the endowment institution should be an integrated development institution, and the various forms of Islamic financing can play a prominent and pivotal role in the development of Islamic endowments And since the lease ending in ownership was among the most widely discussed and preferred formulas for Islamic financial institutions for their financing and investment advantages, and because this Islamic financing formula was most favored by endowment institutions for the investment options they provided and Wali, this study came to highlight the ability of this financing formula to respond to the financing and development options of Islamic endowment institutions. This study addressed the idea of a developmental endowment by using this formula, proposing several practical options for this formula, which Islamic endowment institutions can benefit from in its developmental programs, as well as the difficulties and obstacles surrounding the use of this financing formula in the endowment development and development, proposing appropriate solutions to overcome on her.

Suggested Citation

  • Abd Al-Majid Salaheen & Klwdian Zaimay & Hayel Dawood, 2020. "Development endowment and Islamic financing formulas Financial leasing as an example," Journal of Social Sciences (COES&RJ-JSS), , vol. 9(3), pages 925-966, July.
    • Handle: RePEc:jso:coejss:v:9:y:2020:i:3:p:925-966
    DOI: 10.25255/jss.2020.9.3.925.966
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