Islamic bank retail financing products and services: A critical assessment

Saiti, Buerhan and Abdul Wahab, Hishamuddin and Ahmad, Khaliq (2016) Islamic bank retail financing products and services: A critical assessment. In: International Joint Conference on Islamic Economics and Finance (IJCIEF), 1st-3rd September 2016, Istanbul, Turkey.

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Abstract

This paper discusses the Islamic bank retail financing, its instruments and operations. The discussion demonstrates that it is essential to have a banking system based on Shariah principles which fulfill needs of Muslim consumers. The paper examines the various personal financing products, their underlying Islamic contracts and their computation mechanisms with appropriate examples. It also evaluates critically products of Islamic bank retail financing. The availability of various personal financing instruments in Islamic banks allows Muslim consumers to achieve their financing needs. Moving forward, more variety of instruments which invite less Shariah issues must be offered in the market to ensure a more vibrant Islamic banking system

Item Type:	Conference or Workshop Item (Slide Presentation)
Additional Information:	7451/51936
Uncontrolled Keywords:	Islamic Finance, Islamic Banking, Retail Financing
Subjects:	H Social Sciences > HG Finance > HG1501 Banking
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Institute of Islamic Banking & Finance (IIiBF)
Depositing User:	ASSOC PROF DR BUERHAN SAITI
Date Deposited:	20 Sep 2016 09:29
Last Modified:	30 Dec 2016 14:06
URI:	http://irep.iium.edu.my/id/eprint/51936

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