Unlawful incomes by Islamic banks in Malaysia: an analysis of juristic methods of purification

• Main Authors: Mohd Yunus, Saidatolakma, Kamaruddin, Zuraidah, Haneef, Sayed Sikandar Shah, Embong, Rahimah
• Format: Conference or Workshop Item
• Language: English
• Published: Research Institute for Islamic Product and Malay Civilization (INSPIRE) Universiti Sultan Zainal Abidin (UniSZA) 2017
• Subjects: H Social Sciences (General); HG1501 Banking; HG3368 Islamic Banking and Finance
• Online Access: http://irep.iium.edu.my/62311/1/62311_Unlawful%20Incomes%20by%20Islamic%20banks.pdf; http://irep.iium.edu.my/62311/; https://www.unisza.edu.my/icic2017/images/58_Saidatolakma_Zuraidah_Sayed_Sikandar_Sumayyah__Rahimah_Unlawful_Incomes_by_Islamic_banks_in_Malaysia_An_Analysis_of_Juristic_Methods_of_Purification.pdf
• Institution: Universiti Islam Antarabangsa Malaysia

Islamic banks as a matter of principle should not engage in any risky business activities in the process of which they can procure unlawful incomes. Nevertheless, bank as a corporate entity dealing with people of diverse cultures and International companies is bound not to be able to stay away fro...