Islamic bank retail financing products and services: A critical assessment
This paper discusses the Islamic bank retail financing, its instruments and operations. The discussion demonstrates that it is essential to have a banking system based on Shariah principles which fulfill needs of Muslim consumers. The paper examines the various personal financing products, their...
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Conference or Workshop Item |
| Language: | English English |
| Published: |
Beşiz Publications
2016
|
| Subjects: | |
| Online Access: | http://irep.iium.edu.my/51936/1/ijcief-ozet-kitabi-son_157c47df1e067a.pdf http://irep.iium.edu.my/51936/2/Istanbul%20conference.pdf http://irep.iium.edu.my/51936/ http://www.icisef.org/ |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Institution: | Universiti Islam Antarabangsa Malaysia |
| Language: | English English |
| Summary: | This paper discusses the Islamic bank retail financing, its instruments and
operations. The discussion demonstrates that it is essential to have a banking system
based on Shariah principles which fulfill needs of Muslim consumers. The paper
examines the various personal financing products, their underlying Islamic contracts
and their computation mechanisms with appropriate examples. It also evaluates
critically products of Islamic bank retail financing. The availability of various
personal financing instruments in Islamic banks allows Muslim consumers to
achieve their financing needs. Moving forward, more variety of instruments which
invite less Shariah issues must be offered in the market to ensure a more vibrant
Islamic banking system |
|---|