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Conceptual framework of Islamic banking & finance: An alternative approach based on existing models

Htay, Sheila Nu Nu and Abdul Aziz, Muhammad Zahid and Hamat, Mustapha (2011) Conceptual framework of Islamic banking & finance: An alternative approach based on existing models. In: World Congress on Islamic System, 28-29 November 2011, Ivory 9, Level 4, Kuala Lumpur Convention Centre. (Unpublished)

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Abstract

Islamic banking industry is tremendously growing worldwide and no exception in the case of Malaysia. Malaysian Government is very supportive for the development of the Islamic banking and to ensure that Malaysia will become the center and the heart of the Islamic banking and finance. Even though, the rapid growth of the Islamic banking in Malaysia, it has been criticized for fulfilling or discharging the responsibility of Islamic institutions. A few researchers such as Halim and Chapra have come out the Islamic banking models. However, in the researchers’ opinion, these models need to be modified after considering the current Islamic banking practices and so far, no research has been done on it. Therefore, the purpose of this research is to propose the alternative conceptual framework on which true Islamic banking should be founded. It is believed that this research will provide a foundation to further research in Islamic banking and finance.

Item Type: Conference or Workshop Item (Full Paper)
Additional Information: 6177/26270
Subjects: H Social Sciences > HG Finance > HG1501 Banking
Kulliyyahs/Centres/Divisions/Institutes: Institute of Islamic Banking & Finance (IIiBF)
Depositing User: Dr. Sheila Nu Nu Htay
Date Deposited: 29 Mar 2013 09:38
Last Modified: 19 May 2013 17:39
URI: http://irep.iium.edu.my/id/eprint/26270

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