Publication:
Risk-sharing investment account: a proposed model for Islamic banks in Malaysia
Abstract
One of the objectives of the implementation of the Islamic Financial Services Act 2013 (IFSA) is to promote greater risk-sharing in the Islamic financial industry. Accordingly, IFSA has distinguished the two major sources of funding for an Islamic banking institution, i.e. deposits and investment accounts. However, more than five years into the implementation, the Act is deemed to have failed in terms of upholding its risk-sharing values, where change could only be observed in the statutory position of investment account. This dissertation aims to motivate Islamic banks to move away from continuing risk-transfer practices, by proposing a risk-sharing investment account model (including its operationalisation) for the consideration of the Islamic banking industry in Malaysia ...
Keywords
Investment account , Risk-sharing , Risk-transfer , Liquidity , Listing
Citation
Mohd Hussan, S. (2019). Risk-sharing investment account: a proposed model for Islamic banks in Malaysia (Doctoral dissertation). INCEIF, Kuala Lumpur. Retrieved from https://ikr.inceif.org/handle/INCEIF/3147
Publisher
INCEIF
Available in physical copy only (Call Number: t HG 3368 A6 S941)