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IJSRP, Volume 7, Issue 7, July 2017 Edition [ISSN 2250-3153]

      Md. Abu Hasnat, Shahedin Alom

Abstract: The concept of Islamic Banking and Economics isrecognizedessentially, it is now our responsibility to establish Kafalah as anindividual concept. An attempt has been taken in this article to define Al-Kafalah, to recognize its superiorstructures and values, and to prove the clearness of its entity. However, the fact is traditional authors used to deny the contributions of Islam towards Islamic contract. But in Islam, theadministrativeapplications were impending from the beginning of civilization the messengers of Allah (SWT) and it concluded in the last prophet Muhammad (SAW). Nowadays, the golden history of the Muslims is controlled day by day by secular and money-oriented managerial concepts due to lack of research and deviation from Islam. Unfortunately, many managerial concepts from conventional side persistinappropriate to the organizations of Muslim society. Accordingly, Islamic Organizations from family to the national level, cannot appeardynamic role in appraisal to conventional groups. Thus, it isrecommended in the present study to practice Kafalah based on Shariahprinciples and application of motivational practices according to Quran and Sunnah. Finally, the restraints and possible helpful measures of Kafalah have been pointed out.

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Md. Abu Hasnat, Shahedin Alom (2017); The Implementation of Kafalah in Islamic Banking and Finance Organizations in Malaysia; Int J Sci Res Publ 7(7) (ISSN: 2250-3153).



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