Alternative profit rate shariah-compliant for islamic banking
Profit is the aims for Islamic banking and conventional banking. Determination of profit in Islamic banking in Malaysia depends on the profit rate, whereas profit rate is essentially from reference rate which is known as the base rate (BR). However, the determination of the components contained in t...
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my-unisza-ir.14782020-11-17T02:17:02Z http://eprints.unisza.edu.my/1478/ Alternative profit rate shariah-compliant for islamic banking Puspa Liza, Ghazali Gazali, N Halim, N.A HA Statistics HG Finance Profit is the aims for Islamic banking and conventional banking. Determination of profit in Islamic banking in Malaysia depends on the profit rate, whereas profit rate is essentially from reference rate which is known as the base rate (BR). However, the determination of the components contained in the BR such as benchmark cost of funds and the statutory reserve requirement (SRR) is non-compliance with the Shariah because its directly proportional to the overnight policy rate (OPR). Therefore, an alternative formula for the profit rate are proposed which is known as the base profit rate (BPR). Construction of BPR formula is based on the principle that are more Shariah-compliant. 2017 Conference or Workshop Item NonPeerReviewed image en http://eprints.unisza.edu.my/1478/1/FH03-FESP-17-10492.jpg Puspa Liza, Ghazali and Gazali, N and Halim, N.A (2017) Alternative profit rate shariah-compliant for islamic banking. In: 1st International Conference on Applied and Industrial Mathematics and Statistics 2017, ICoAIMS 2017;, 8-10 August 2017, Vistana City Centre Kuantan, Pahang;. |
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HA Statistics HG Finance Puspa Liza, Ghazali Gazali, N Halim, N.A Alternative profit rate shariah-compliant for islamic banking |
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Profit is the aims for Islamic banking and conventional banking. Determination of profit in Islamic banking in Malaysia depends on the profit rate, whereas profit rate is essentially from reference rate which is known as the base rate (BR). However, the determination of the components contained in the BR such as benchmark cost of funds and the statutory reserve requirement (SRR) is non-compliance with the Shariah because its directly proportional to the overnight policy rate (OPR). Therefore, an alternative formula for the profit rate are proposed which is known as the base profit rate (BPR). Construction of BPR formula is based on the principle that are more Shariah-compliant. |
format |
Conference or Workshop Item |
author |
Puspa Liza, Ghazali Gazali, N Halim, N.A |
author_facet |
Puspa Liza, Ghazali Gazali, N Halim, N.A |
author_sort |
Puspa Liza, Ghazali |
title |
Alternative profit rate shariah-compliant for islamic banking |
title_short |
Alternative profit rate shariah-compliant for islamic banking |
title_full |
Alternative profit rate shariah-compliant for islamic banking |
title_fullStr |
Alternative profit rate shariah-compliant for islamic banking |
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Alternative profit rate shariah-compliant for islamic banking |
title_sort |
alternative profit rate shariah-compliant for islamic banking |
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2017 |
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http://eprints.unisza.edu.my/1478/1/FH03-FESP-17-10492.jpg http://eprints.unisza.edu.my/1478/ |
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