The analysis of Investment Account Platform (IAP) to promote investment account product in Islamic banks

Aulia, Mahdiah and Hassan, Rusni (2020) The analysis of Investment Account Platform (IAP) to promote investment account product in Islamic banks. In: The International Conference on Business and Technology (ICBT 2020), 14th-15th November 2020, Istanbul, Turkey. (Unpublished)

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Abstract

Investment Account Platform (IAP) as the first bank-intermediated financial technology platform was established to encourage Is-lamic banks to utilize equity-based product i.e. investment account. This pa-per tries to analyze the current practices of IAP as well as the issues and challenges faced by IAP and the sponsoring banks in Malaysia. Furthermore, the innovation of IAP may give insights for the advancement of investment account product in Indonesia. This study adopts qualitative research which includes interviews with the employees of IAP and the sponsoring bank. This study also gathers information from library research and webinars relat-ed to this topic. This study shows that IAP has successful projects listed on the platform; however, it still has not reached its objective to give wider fi-nancing opportunities to SMEs. There are some challenges faced by the plat-form and its sponsoring banks. Nevertheless, future collaboration with inter-national institution may scale up this platform. Some important lessons can be learned for the development of an investment account platform in the fu-ture for Indonesia. This is one of the early studies that give analysis on the performance of IAP and the possible application in Indonesia.

Item Type:	Conference or Workshop Item (Plenary Papers)
Additional Information:	1525/85558 Presented via online
Uncontrolled Keywords:	Investment Account Platform (IAP), financial technology, Islamic banking.
Subjects:	H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance H Social Sciences > HG Finance > HG4501 Stocks, investment, speculation
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Institute of Islamic Banking & Finance (IIiBF)
Depositing User:	Prof Dr Rusni Hassan
Date Deposited:	04 Dec 2020 16:49
Last Modified:	04 Dec 2020 16:49
URI:	http://irep.iium.edu.my/id/eprint/85558

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