Sharia Parameters for Cash Trust Hibah Implementation in Malaysia

• Published in: ENVIRONMENT-BEHAVIOUR PROCEEDINGS JOURNAL
• Main Authors: Moidin, Shofiyyah; Rani, Mohd Afandi Mat; Arif, Mohd Izzat Amsyar Mohd; Adenan, Faezy
• Format: Proceedings Paper
• Language: English
• Published: E-IPH LTD UK 2023
• Subjects: Environmental Sciences & Ecology
• Online Access: https://www-webofscience-com.uitm.idm.oclc.org/wos/woscc/full-record/WOS:001149921000018

Several entities in Malaysia have offered to implement trust hibah in order to establish Muslim property management. The previous study has argued that several Sharia difficulties demand a clear explanation and answer from a Shariah perspective. As a result, the goal of this research is to propose cash trust hibah parameters to guide and improve trust hibah governance by all stakeholders. This qualitative research collected data from in-depth interviews. Data will be analysed by content analysis. The finding showed that cash trust hibah parameters should be done using conditional hibah contracts and made separately, the condition must serve the interests and welfare of the giver and the hibah's recipient, and a cash trust hibah property should be done based on a percentage rather than a fixed value. Thus, trust hibah product providers must follow Shariah parameters to boost Muslim trust.