Browsing by Topic Islamic banking

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Showing results 1 to 10 of 218
  • risk_sharing_banking_model_obiyathulla_abbas.pdf.jpg
  • Academic Presentation


  • Authors: Bacha, Obiyathulla Ismath; Mirakhor, Abbas (2015)

  • Islamic banking has thus far mimicked conventional banking with the result that the same problems and outcomes have surfaced, even though it is operating within an interest free framework. This apparent "convergence" has led to disaffection both among consumers of Islamic banking services and policy makers. This paper proposes a risk sharing model for Islamic banks that can potentially pull Islamic banking away from this path dependency. Under the proposal an Islamic bank's assets would be securitized by the issuance of sukuk type instruments that have the same underlying contract and average "duration" as customer financing. Small assets may have to be pooled into tranches of similar...

  • Accounting_issues_reporting_profit sharing_investment_accounts_Fairooz et al.pdf.jpg
  • Journal Article


  • Authors: Rosman, Romzie; Abdul Khir, Mohamed Fairooz; Mohd Saat, Nur Ashikin; Abdul Rahman, Abdul Rahim (2015)

  • Issues in the reporting of Islamic financial instruments have been discussed since early 2000. Among these issues is the debate about whether the accounting standards promulgated by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) or the International Financial Reporting Standards (IFRS) should be adopted for reporting Islamic financial transactions. Abdel Karim (2001) explained the need to implement the AAOIFI accounting standards as these standards specifically cater for the unique characteristics of the contracts that govern the operations of Islamic banks. The IFRS, on the other hand, do not have any specific reporting standards for the unique c...

  • Actual_costs_fees_and_charges_Islamic_banking_Fairooz.pdf.jpg
  • Journal Article


  • Authors: Abdul Khir, Mohamed Fairooz (2014)

  • A bank is a financial intermediary that generates income from its fund-based and fee-based products and services. As for the former, the bank has to share the profits with parties from whom it sources funds such as depositors and shareholders to provide financing facilities for its customers. Unlike its fund-based products and services, the bank can recognise any profit generated from its fee-based products and services solely as its own income without having to share it with other parties as it does not utilise others' money in offering such products and services.

  • adapting mudarabah financing_obiyathulla.pdf.jpg
  • Chapter in Book


  • Authors: Bacha, Obiyathulla Ismath (2014)

  • Islamic banking in Malaysia, despite its recent start, has seen very rapid growth. This growth however has beem uneven. While short-term trade financing has always been dominant and grown rapidly, Mudarabah financing by Islamic banks in Malaysia has reduced to insignificant amounts. Yet, Mudarabah which is based on profit and loss sharing has always been considered to be at the core of Islamic financing and in tune with the shariah's injunctions against interest based financing

  • al_bay_bithaman_ajil_financing_impacts_islamic_banking_performance_saiful.pdf.jpg
  • Journal Article


  • Authors: Rosly, Saiful Azhar (1999)

  • The dual-banking system in Malaysia is expected to put Islamic banks at a disadvantage due to the latter's over-dependency on fixed rate asset financing such as al-bay' bithaman qjil and murabuhah. When interest rates are rising, rational product choice among non-Muslim customers is expected to produce a shifting effect that may frustrate deposit mobilization and at the same time able deplete an Islamic bank's earnings. The shifting effect occurs when NMC either transfer deposits from Islamic banks to conventional banks, or, in a period of declining interest rates, opt for loans rather than for deferred sale financing. These shifts occur solely due to pecuniary incentives sought by NM...

  • item.jpg
  • PhD


  • Authors: Lugman Hashim, Nik Sarina (2013)

  • This research will look at the reasons for the civil courts being the preferred mode of dispute resolution for Islamic finance disputes in Malaysia and how arbitration, based on the shari'ah can play an active role to resolve disputes in Islamic finance cases. Various features of arbitration in general and Islamic arbitration in particular will be looked into, followed by a study of the arbitration rules under two arbitration centres to find the common themes of these centres and the differences in their approach, if any ...

  • IFHubEd6_analysis_market_structure_competetive_dynamics_dual_banking_system_kinan.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Salim, Kinan (2017)

  • Islamic banks have proliferated and emerged as important players in the global banking industry especially in the Muslim-Majority countries. The recent increase in the number and market share of Islamic banks has intensified the competition in this new industry. Despite its importance, the increasing competition in Islamic banking market not only from its own Islamic peers, but also from commercial banks has not been adequately addressed nor its consequences have been investigated. This summary aims to shed the light the market structure and the evolution of the competition under dual banking system.

  • the_application_of ju’alah_Islamic_finance_aishath et al.pdf.jpg
  • Journal Article


  • Authors: Mohamed, Ismail Mohd; Mohd Rafede; Muneeza, Aishath (2020)

  • Ju'alah is one of the least researched types of Shariah contracts used in Islamic finance. The objective of this paper is to explore the current and potential applications of Ju'alah with specific reference to Malaysian Islamic banking, takaful and the Islamic capital market. This paper establishes that there is potential for using Ju'alah in Islamic finance as a primary and/or secondary contract. It also establishes that Ju'alah can be used in takaful, though it is not being currently used for this in Islamic banking and the Islamic capital market in Malaysia. It is anticipated that the findings of this paper will improve understanding of the practice of Ju'alah in the Malaysian Isla...

  • application of law of evidence to Islamic banking with special reference to Malaysia_aishath.pdf.jpg
  • Journal Article


  • Authors: Muneeza, Aishath (2017)

  • This research aims to deal with the law of evidence invoked in Islamic banking cases reported in Malaysia from 1983 to 2015 and determine whether the invoked provisions of the statute in the case law have any conflicts with Islamic law that are threatening the development of Islamic banking in Malaysia. The methodology used in this research is assessing the implication by studying the provisions of the law of evidence that has been invoked in the reported case law. It is evident from this research that following are the evident conflicts found in the Evidence Act 1950. In this arena, the following changes are significant for sustaining Islamic banking in Malaysia. Expert opinion under...

Browsing by Topic Islamic banking

Jump to: 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
or enter first few letters:  
Showing results 1 to 10 of 218
  • risk_sharing_banking_model_obiyathulla_abbas.pdf.jpg
  • Academic Presentation


  • Authors: Bacha, Obiyathulla Ismath; Mirakhor, Abbas (2015)

  • Islamic banking has thus far mimicked conventional banking with the result that the same problems and outcomes have surfaced, even though it is operating within an interest free framework. This apparent "convergence" has led to disaffection both among consumers of Islamic banking services and policy makers. This paper proposes a risk sharing model for Islamic banks that can potentially pull Islamic banking away from this path dependency. Under the proposal an Islamic bank's assets would be securitized by the issuance of sukuk type instruments that have the same underlying contract and average "duration" as customer financing. Small assets may have to be pooled into tranches of similar...

  • Accounting_issues_reporting_profit sharing_investment_accounts_Fairooz et al.pdf.jpg
  • Journal Article


  • Authors: Rosman, Romzie; Abdul Khir, Mohamed Fairooz; Mohd Saat, Nur Ashikin; Abdul Rahman, Abdul Rahim (2015)

  • Issues in the reporting of Islamic financial instruments have been discussed since early 2000. Among these issues is the debate about whether the accounting standards promulgated by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) or the International Financial Reporting Standards (IFRS) should be adopted for reporting Islamic financial transactions. Abdel Karim (2001) explained the need to implement the AAOIFI accounting standards as these standards specifically cater for the unique characteristics of the contracts that govern the operations of Islamic banks. The IFRS, on the other hand, do not have any specific reporting standards for the unique c...

  • Actual_costs_fees_and_charges_Islamic_banking_Fairooz.pdf.jpg
  • Journal Article


  • Authors: Abdul Khir, Mohamed Fairooz (2014)

  • A bank is a financial intermediary that generates income from its fund-based and fee-based products and services. As for the former, the bank has to share the profits with parties from whom it sources funds such as depositors and shareholders to provide financing facilities for its customers. Unlike its fund-based products and services, the bank can recognise any profit generated from its fee-based products and services solely as its own income without having to share it with other parties as it does not utilise others' money in offering such products and services.

  • adapting mudarabah financing_obiyathulla.pdf.jpg
  • Chapter in Book


  • Authors: Bacha, Obiyathulla Ismath (2014)

  • Islamic banking in Malaysia, despite its recent start, has seen very rapid growth. This growth however has beem uneven. While short-term trade financing has always been dominant and grown rapidly, Mudarabah financing by Islamic banks in Malaysia has reduced to insignificant amounts. Yet, Mudarabah which is based on profit and loss sharing has always been considered to be at the core of Islamic financing and in tune with the shariah's injunctions against interest based financing

  • al_bay_bithaman_ajil_financing_impacts_islamic_banking_performance_saiful.pdf.jpg
  • Journal Article


  • Authors: Rosly, Saiful Azhar (1999)

  • The dual-banking system in Malaysia is expected to put Islamic banks at a disadvantage due to the latter's over-dependency on fixed rate asset financing such as al-bay' bithaman qjil and murabuhah. When interest rates are rising, rational product choice among non-Muslim customers is expected to produce a shifting effect that may frustrate deposit mobilization and at the same time able deplete an Islamic bank's earnings. The shifting effect occurs when NMC either transfer deposits from Islamic banks to conventional banks, or, in a period of declining interest rates, opt for loans rather than for deferred sale financing. These shifts occur solely due to pecuniary incentives sought by NM...

  • item.jpg
  • PhD


  • Authors: Lugman Hashim, Nik Sarina (2013)

  • This research will look at the reasons for the civil courts being the preferred mode of dispute resolution for Islamic finance disputes in Malaysia and how arbitration, based on the shari'ah can play an active role to resolve disputes in Islamic finance cases. Various features of arbitration in general and Islamic arbitration in particular will be looked into, followed by a study of the arbitration rules under two arbitration centres to find the common themes of these centres and the differences in their approach, if any ...

  • IFHubEd6_analysis_market_structure_competetive_dynamics_dual_banking_system_kinan.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Salim, Kinan (2017)

  • Islamic banks have proliferated and emerged as important players in the global banking industry especially in the Muslim-Majority countries. The recent increase in the number and market share of Islamic banks has intensified the competition in this new industry. Despite its importance, the increasing competition in Islamic banking market not only from its own Islamic peers, but also from commercial banks has not been adequately addressed nor its consequences have been investigated. This summary aims to shed the light the market structure and the evolution of the competition under dual banking system.

  • the_application_of ju’alah_Islamic_finance_aishath et al.pdf.jpg
  • Journal Article


  • Authors: Mohamed, Ismail Mohd; Mohd Rafede; Muneeza, Aishath (2020)

  • Ju'alah is one of the least researched types of Shariah contracts used in Islamic finance. The objective of this paper is to explore the current and potential applications of Ju'alah with specific reference to Malaysian Islamic banking, takaful and the Islamic capital market. This paper establishes that there is potential for using Ju'alah in Islamic finance as a primary and/or secondary contract. It also establishes that Ju'alah can be used in takaful, though it is not being currently used for this in Islamic banking and the Islamic capital market in Malaysia. It is anticipated that the findings of this paper will improve understanding of the practice of Ju'alah in the Malaysian Isla...

  • application of law of evidence to Islamic banking with special reference to Malaysia_aishath.pdf.jpg
  • Journal Article


  • Authors: Muneeza, Aishath (2017)

  • This research aims to deal with the law of evidence invoked in Islamic banking cases reported in Malaysia from 1983 to 2015 and determine whether the invoked provisions of the statute in the case law have any conflicts with Islamic law that are threatening the development of Islamic banking in Malaysia. The methodology used in this research is assessing the implication by studying the provisions of the law of evidence that has been invoked in the reported case law. It is evident from this research that following are the evident conflicts found in the Evidence Act 1950. In this arena, the following changes are significant for sustaining Islamic banking in Malaysia. Expert opinion under...