Explore Collection
Islamic Finance Links
Visiting & Membership
Knowledge Partners
Giving to Knowledge
Frequently Asked Question

Opening Hours:

Monday - Thursday
8:30 a.m. - 5.30 p.m.

8:30 a.m. - 12:30 p.m.
2:30 p.m. - 5:30 p.m.

** Closed at 12.30 pm for Friday prayer **

Saturday, Sunday & Public Holidays

KMC Curated Contents 

Top Search Term

INCEIF Knowledge Portal: To facilitate discovery and allow users to access relevant research materials quickly and easily.

KMC Guides

KMC Guides

New Arrival

Past Examination Papers


Recommended Reads


 Islamic Finance Highlights

Sharif, D., Abdul Khir, M. F., & Ismail, F. A. (2022). Wadiah and ujrah issue in al-rahnu product: a turning point to tawarruq structure. International Journal of Academic Research in Business and Social Sciences, 12(8), 913-926.

“This structure suggestively allows the institution to generate a legitimate profit, as it does not involve qaṛd as the underlying contract for profit generating. In fact, the profit is purely generated from a mark-up sale via tawarruq arrangement that the parties entered. However, this structure associates the issue of organized tawarruq (tawarruq munazzam), which is controversial in terms of its legitemacy. In principle, the majority of Sharicah scholars approve the permissibility of the classical tawarruq contract.”

View Article

 Featured Database

Access Statista

Last Updated: 12th August 2022