Exploring Compliance of AAOIFI Shariah Standard on Ijarah Financing: Analysis on the Practices of Islamic Banks in Malaysia
Round 1
Reviewer 1 Report
I suggest to revise the text.
i suggest to define more properly notions like hiyal or makharij for not expert readers.
bibliography must be more accurate
Author Response
Respected reviewer; i have incorporated the following changes in the paper and also get the same checked by the English language teacher as recommended by your good self.
Line 155: The word “inculcate” is replaced with the word “include”
The meaning of the word “tawidh” is explained as ‘compensation’
Line 137: The words “The banks owns” is replaced with “Bank owns”
Line 120: The words “comprises of” is replaced with the word “cover”
Line 54-55: “There are misconceptions exist” is replaced with “there are misconceptions”
Line 48: The word “fiancé” is replaced with the word “finance”
Acronyms such as AAOIFI, BNM are explained
The word however is deleted from 6 sentences where it seems unnecessary
Line 40: The reference is presented from page No: 15 of the Islamic Finance Development Report-2018
Author Response File: 
Author Response.docx
Reviewer 2 Report
This is an important article; don't rush it. It will have a higher impact if it is reviewed and edited with the following points in mind:
Advantages
Clear presentation of what Islamic finance is & useful information about its size and characteristics. Bad word choices, however, do distract readers. Line 155 inculcate (which means instill) makes no sense; calculate was the word you needed. A very balanced sense of the internal and external challenges to Islamic finance, including the tendency toward stratagems (a well-meaning, yet destructive, internal challenge) and pressures from global capital toward the achievement of bottom line goals. Innovative method; steering away from the meaningless obsession with quantitative data to the benefit of listening to those who understand Islamic financial processes. Overall, an attentive reader will understand how ‘tawidh’ (which also ought to be explained at first appearance) differs from simple infliction of interest with the passage of time. This is the centerpiece of any conceptual analysis of how Islamic finance handles the impact of time on money.
Disadvantages
Language issues, eg. line 137: ‘The banks owns’ should either be the bank owns or the banks own; line 119 comprises does not need of; lines 54-5: ‘there are misconceptions exist’ should become either ‘misconceptions exist’ or ‘there are misconceptions;’ lines 40 & 53: definite articles missing; line 48: fiancé should be finance----review for other grammar and style deficiencies AAOIFI is never even once identified as the 1991 standards for Accounting and Auditing Organization for Islamic Financial Institutions; BNM should also be spelled out as Bank Negara Malaysia at its first appearance. Review all acronyms.
Author Response
Respected reviewer; i have incorporated the following changes in the paper as recommended by your good self.
Line 155: The word “inculcate” is replaced with the word “include”
The meaning of the word “tawidh” is explained as ‘compensation’
Line 137: The words “The banks owns” is replaced with “Bank owns”
Line 120: The words “comprises of” is replaced with the word “cover”
Line 54-55: “There are misconceptions exist” is replaced with “there are misconceptions”
Line 48: The word “fiancé” is replaced with the word “finance”
Acronyms such as AAOIFI, BNM are explained
The word however is deleted from 6 sentences where it seems unnecessary
Line 40: The reference is presented from page No: 15 of the Islamic Finance Development Report-2018
Author Response File: Author Response.docx
