An analysis of derived benefit from saving account: An Islamic perspective

Ahmad, Shofian and Laluddin, Hayatullah and Ahmad, Md. Yazid (2012) An analysis of derived benefit from saving account: An Islamic perspective. The Social Sciences, 7 (3). pp. 440-445. ISSN 1818-5800

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Abstract

Banking industry in its attempt to attract more customers, hence capital offer various forms of benefits. These benefits basically take two form; direct and indirect. The first type of benefits are represented by provision of dividend to depositors whereas, the second type of benefits are represented by offering of insurance, sale on discount rate when using the debit card, annual gift and lucky draw. such entitlement is dependent on having saving account in the bank. Without having saving account one would not have access to such facilities and offer. This research focuses mainly on the issue of indirect benefits and their status from Shari'ah perspective. Library research research method is used in this research due to the nature of its subject. The hypothesis of the research revolves around the status of indirect benefits offered by banks from Shari'ah perspective and the distinctive of such benefits offered by Islamic banking. The finding of the research shows that the benefit direct or indirect received by customer in Islamic banking have various features. All theses benefits are received through depositing in the bank.

Item Type:	Article (Journal)
Additional Information:	7096/40414
Uncontrolled Keywords:	Banks; Benefits; Direct; Goods; Indirect; Malaysia; Saving account
Subjects:	H Social Sciences > HG Finance > HG1501 Banking
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Kulliyyah of Economics and Management Sciences
Depositing User:	Hayatullah Laluddin
Date Deposited:	27 Jan 2015 14:13
Last Modified:	27 Jan 2015 14:13
URI:	http://irep.iium.edu.my/id/eprint/40414

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