Papers by Azizi Bin Che Seman
The Concept of Wealth (<i>māl</i>) in the Sharīʿah and Its Relation to Digital Assets
SAGE Open, Apr 1, 2022
The study aims to address the concept of wealth from the perspective of the Sharīʿah and its rela... more The study aims to address the concept of wealth from the perspective of the Sharīʿah and its relationship to contemporary digital assets such as cryptocurrency (Bitcoin). The qualitative research approach is adopted for this research. The data is collected from several resources such as books, journal articles, reports, conferences papers, and websites. The data is analyzed through an explanatory research approach by providing scholars’ opinions and their arguments on the subject matter. The findings of this study show that Sharīʿah provides certain conditions to consider something as asset or currency from the Sharīʿah perspective. In regard to cryptocurrency (Bitcoin), the Sharīʿah rules vary based on the types of cryptocurrencies and whether cryptocurrency meets the conditions to be considered as currency or assets. Moreover, either cryptocurrency is an asset or currency, it should not contravene any Sharīʿah laws, such as ribā (interest) and gharar (uncertainty). Since Sharīʿah does not limit the currency to dirhams and dīnārs, Bitcoin can be considered as an alternative to the current currencies in a digital form. This would enable financial markets to move faster and secure transaction methods in the future. The policymakers might find this study beneficial to issue new guidelines and policy documents. The findings of the study might be interesting for cryptocurrency enthusiasts and investors to have a deeper understanding of cryptocurrency from the Sharīʿah viewpoint.
The Concept of Wealth (māl) in the Sharīʿah and Its Relation to Digital Assets
SAGE Open
The study aims to address the concept of wealth from the perspective of the Sharīʿah and its rela... more The study aims to address the concept of wealth from the perspective of the Sharīʿah and its relationship to contemporary digital assets such as cryptocurrency (Bitcoin). The qualitative research approach is adopted for this research. The data is collected from several resources such as books, journal articles, reports, conferences papers, and websites. The data is analyzed through an explanatory research approach by providing scholars’ opinions and their arguments on the subject matter. The findings of this study show that Sharīʿah provides certain conditions to consider something as asset or currency from the Sharīʿah perspective. In regard to cryptocurrency (Bitcoin), the Sharīʿah rules vary based on the types of cryptocurrencies and whether cryptocurrency meets the conditions to be considered as currency or assets. Moreover, either cryptocurrency is an asset or currency, it should not contravene any Sharīʿah laws, such as ribā (interest) and gharar (uncertainty). Since Sharīʿah ...
In Malaysia, Shar¥cah scholars at the supervisory levels have advocated bayc al-c¥nah as a mode o... more In Malaysia, Shar¥cah scholars at the supervisory levels have advocated bayc al-c¥nah as a mode of finance. Under the label of al-bayc, the contract of al-bayc al-c¥nah contains interest-bearing features, such as earning a contractual return without the implication of risk and value-addition. Seeking a broader consensus on the permissibility of bayc al-c¥nah is thus critical. This study shows that
Penerapan Agama Dalam Modul Psikospiritual Dan Kesannya Terhadap Kesihatan Spiritual: Kajian Kes DI Kompleks Dar Assaadah Kuala Lumpur
Jurnal Syariah, Aug 12, 2014
It is crucial to incorporate religious and psychospiritual health elements in the structured inst... more It is crucial to incorporate religious and psychospiritual health elements in the structured instrumentations modules used on the residents of rehab centres. Both elements can produce positive desired effects. The embedment of both elements can also contribute as a training and rehabilitation process for those who have previously involved in negative activities. This study attempts to examine the effectiveness of the psychospiritual moduleson the residents of Kompleks Dar Assaadah (KDS) Kuala Lumpur during their stay at the centre.The research was based on the residents’ perspective towards the programme/modules they went through. Interviews and questionnaires were used to obtain the data. The study involved 33 residents of KDS, Kuala Lumpur, who have involved in a variety of offences. This study focused on the effectiveness of religious approaches applied on the residents and to what extent the said approaches influence their spiritual health, attitudes and morals, and also on their daily activities. The overall results show that religious-based modules/approaches are capable of producing positive impacts on the residents of KDS after they undergo the programmes.
This article discusses several potential waqf instruments in higher education. It examines the po... more This article discusses several potential waqf instruments in higher education. It examines the potential financing instruments of higher education in using waqf instruments in the development of waqf at the State Islamic Religious Council (MAIN). This study was conducted by interviewing five Islamic Religious Council (MAIWP), Selangor Wakaf Corporation (PWS), Negeri Sembilan Wakaf Corporation (PWNS), Johor State Islamic Council (MAINJ) and Penang State Islamic Religious Council (MAINPP). As commonly known, MAIN is the sole trustee of a waqf estate in the country. Therefore, the instruments that have been implemented in MAIN are more practical for higher education. In addition, the discussions in this article also put forward several proposals to realise waqf instruments in higher education.
Imposing Zakat on Cryptocurrency (Bitcoin): A Shariah Appraisal
Global Business and Economics Review
It is crucial to incorporate religious and psychospiritual health elements in the structured inst... more It is crucial to incorporate religious and psychospiritual health elements in the structured instrumentations modules used on the residents of rehab centres. Both elements can produce positive desired effects. The embedment of both elements can also contribute as a training and rehabilitation process for those who have previously involved in negative activities. This study attempts
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Papers by Azizi Bin Che Seman