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Reconciling the dual banking system: application model for salam contracts in Malaysia

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dc.contributor.authorRusni Hassan
dc.contributor.authorIsmail Wisham
dc.contributor.authorAishath Muneeza
dc.date.accessioned2017-02-01T14:50:57Z
dc.date.available2017-02-01T14:50:57Z
dc.date.issued2011
dc.description.abstractThe Islamic financial system in Malaysia has emerged as a viable and vibrant component of the overall financial system. Nevertheless, salam based Islamic Banking products are anything but popular in the context of the Malaysian banking industry, despite boasting more than 40 Islamic financial products available, ranging from retail based products to project financing. This is partially due to the misconstructions over the viability of salam contracts. These misconceptions largely discount the social value for such contracts overlooking the fact that salam based contracts bridge the gap between the financers and recipients fostering platforms for substantial economic trust, providing for a price hedge for the buyer and cost hedge for the recipient. These benefits are not only available under the principles guiding Islamic banking and its ancillary products, but rather, offers a relatively large optimistic outlook for conventional banking as well, owing primarily but not limited to, its social value.en_US
dc.identifier.citationHassan, R., Muneeza, A., & Wisham, I. (2011). Reconciling the dual banking system: application model for salam contracts in Malaysia. Malayan Law Journal, 5, pp. lix-lxxix.en_US
dc.identifier.issn0025-1283
dc.identifier.urihttps://ikr.inceif.org/handle/INCEIF/2182
dc.languageEnglish
dc.language.isoengen_US
dc.publisherLexisNexis Malaysia Sdn Bhden_US
dc.rights2011. LexisNexis
dc.sourceSEDONA
dc.subjectSalamen_US
dc.subjectContractsen_US
dc.subjectIslamic banksen_US
dc.subjectDual bankingen_US
dc.subjectMalaysiaen_US
dc.titleReconciling the dual banking system: application model for salam contracts in Malaysiaen_US
dc.typeJournal Articleen_US
dlc.maintopicMuamalat contracts
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.topic.maintopicMuamalat contractsen_US
ikr.topic.subtopicMuamalat contractsen_US
relation.isAuthorOfPublication81014255-5cb8-46bc-ad81-bf6d8a3a0702
relation.isAuthorOfPublication81014255-5cb8-46bc-ad81-bf6d8a3a0702
relation.isAuthorOfPublication81014255-5cb8-46bc-ad81-bf6d8a3a0702
relation.isAuthorOfPublication.latestForDiscovery81014255-5cb8-46bc-ad81-bf6d8a3a0702
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