Hiyal (Legal Stratagems) in Islamic Finance: Systematic Literature Review

Purpose: The aim of this study is to systematically review the existing literature on application Hiyal (legal stratagems) in Islamic finance. article visualizes linkages between different authentic works done topic and how has evolved through decades. Theoretical framework: Design/methodology/approach: A systematic published peer-reviewed articles Hiyal(legal was conducted. comprehensive search strategy applied retrieved 35 from 25 leading journals 1997 2021. Findings: research found that knowledge especially current century more focused Riba (usury) stratagems circumvent prohibitions conventional capitalist financial system. It because discussion popped up as a reaction modern system, traditional scholars. Malaysia few western countries have contributed most topic. Research, Practical & Social implications: This provides significant contribution finance by identifying related discussions area pointing gap need be further explored. Originality/value: concluded ‘the stratagem law” less numbers not well-integrated, still growing stage.