Hilah (plural: hiyal) is a juristic term defined as the use of acumen and ingenuity to avoid difficulty in one’s commitment to Shari’ah rulings, especially in financial and economic matters. Hiyal have been widely exercised in Islamic finance to provide remedies for the fulfilment of financial needs. The wide application of permissible hiyal in economic activities illustrates that hiyal play an important role in Islamic finance, as they alleviate financial predicaments and hardship.
