The application of wadi’ah contract by some financial institutions in Malaysia

• Main Authors: Ibrahim, Ahmad Basri, Mohd Noor, Azman, Sahrir, Muhammad Sabri
• Format: Conference or Workshop Item
• Language: English
• Published: 2012
• Subjects: HG1501 Banking
• Online Access: http://irep.iium.edu.my/18063/1/The_Application_of_Wadi%E2%80%98ah_Contract_-_ID_1316.pdf; http://irep.iium.edu.my/18063/; http://www.iium.edu.my/irie/sub/author/list_p.php
• Institution: Universiti Islam Antarabangsa Malaysia

Islamic finance emancipated as a replacement for the conventional financial practices that aims only at profit making i.e. capitlist oriented finance. Although both are termed finance, but Islamic finance has two major distinguish features which are: the motive is not profit making only rather see...