Purpose

This study aims to examine the validity of the installment payment contract when using the first Islamic credit card (ICC) in Jordan and will explore the hidden techniques that are used to operate such a financial product. The purpose of the study will be achieved by examining the structure and the issues surrounding the first ICC that was introduced to the Jordanian market as a hybrid contract of Qard Hassan (benevolent loan), Murabaha, Wakalah (agency) and Bay‘ Al Ajjal (credit sale). In addition, a further objective is to examine whether this credit card is a Sharia-compliant financial product.

Design/methodology/approach

A qualitative research method approach was adopted to understand the issues, nature and structure of the first Jordanian ICC. This was due to the explanatory nature of the product, the different financial solutions it offered and the fact that the ICC in Jordan is, to date, relatively unexplored. This paper used the technique of content/thematic analysis that involves multiple sequenced steps to analyze these matters.

Findings

The main finding of this research is that the first ICC in the Jordanian financial market has caused a degree of uncertainty. This is because, once a customer decides to choose the installment payment contract option, the bank does not have real possession of the assets in question. The issue of constructive possession has been denied by several classic and contemporary Islamic scholars, including the General Iftaa Department of Jordan. Therefore, it can be seen that the installment payment contract option does not comply with Islamic principles and particular Fatwas that have been decreed.

Originality/value

This is the first study that shows how the first ICC, being a new Islamic financial product in Jordan, operates in relation to the installment payment contract. In addition, focusing on the concept of changing the nature of the contract from a Qard Hassan (benevolent loan) to a hybrid contract is significant, to encourage Islamic scholars to take a clear, legal stand under Sharia law.

中文翻译：

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作为电子支付方式的伊斯兰信用卡：作为金融产品的分期付款合同中的技术技巧

目的

本研究旨在检查在约旦使用第一张伊斯兰信用卡 (ICC) 时分期付款合同的有效性，并将探索用于操作此类金融产品的隐藏技术。该研究的目的将通过检查作为 Qard Hassan（慈善贷款）、Murabaha、Wakalah（机构）和 Bay' Al Ajjal（机构）的混合合同引入约旦市场的第一个 ICC 的结构和问题来实现。信用销售）。此外，还有一个目的是检查这张信用卡是否符合伊斯兰教法的金融产品。

设计/方法/方法

采用定性研究方法来了解第一个约旦国际刑事法院的问题、性质和结构。这是由于产品的解释性、它提供的不同金融解决方案以及约旦的 ICC 迄今为止相对未开发的事实。本文使用涉及多个顺序步骤的内容/主题分析技术来分析这些问题。

发现

这项研究的主要发现是约旦金融市场的第一个 ICC 造成了一定程度的不确定性。这是因为，一旦客户决定选择分期付款合同选项，银行就没有相关资产的实际所有权。包括约旦伊夫塔将军在内的几位古典和当代伊斯兰学者否认了建设性占有的问题。因此，可以看出分期付款合同选项不符合伊斯兰原则和已颁布的特定法特瓦。

原创性/价值

这是第一项研究，表明第一个 ICC 是约旦的一种新伊斯兰金融产品，它是如何与分期付款合同相关的。此外，关注将合同的性质从 Qard Hassan（仁慈贷款）转变为混合合同的概念很重要，以鼓励伊斯兰学者根据伊斯兰教法采取明确的法律立场。