Alternative profit rate shariah-compliant for islamic banking

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date 2017-08-15 11:11:09
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id 11131
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spelling 11131 https://intelek.unisza.edu.my/intelek/pages/view.php?ref=11131 https://intelek.unisza.edu.my/intelek/pages/search.php?search=!collection407072 Restricted Document Article Journal application/pdf 7 1.6 Adobe Acrobat Pro DC 20 Paper Capture Plug-in TeX output 2017.08.15:1111 2017-08-15 11:11:09 5331-01-FH02-FESP-17-10305.pdf UniSZA Private Access Alternative profit rate shariah-compliant for islamic banking Journal of Physics Profit is the aims for Islamic banking and conventional banking. Determination of profit in Islamic banking in Malaysia depends on the profit rate, whereas profit rate is essentially from reference rate which is known as the base rate (BR). However, the determination of the components contained in the BR such as benchmark cost of funds and the statutory reserve requirement (SRR) is non-compliance with the Shariah because its directly proportional to the overnight policy rate (OPR). Therefore, an alternative formula for the profit rate are proposed which is known as the base profit rate (BPR). Construction of BPR formula is based on the principle that are more Shariah-compliant. 890 1 1-7
spellingShingle Alternative profit rate shariah-compliant for islamic banking
summary Profit is the aims for Islamic banking and conventional banking. Determination of profit in Islamic banking in Malaysia depends on the profit rate, whereas profit rate is essentially from reference rate which is known as the base rate (BR). However, the determination of the components contained in the BR such as benchmark cost of funds and the statutory reserve requirement (SRR) is non-compliance with the Shariah because its directly proportional to the overnight policy rate (OPR). Therefore, an alternative formula for the profit rate are proposed which is known as the base profit rate (BPR). Construction of BPR formula is based on the principle that are more Shariah-compliant.
title Alternative profit rate shariah-compliant for islamic banking
title_full Alternative profit rate shariah-compliant for islamic banking
title_fullStr Alternative profit rate shariah-compliant for islamic banking
title_full_unstemmed Alternative profit rate shariah-compliant for islamic banking
title_short Alternative profit rate shariah-compliant for islamic banking
title_sort alternative profit rate shariah-compliant for islamic banking