Alternative profit rate shariah-compliant for islamic banking

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building INTELEK Repository
collection Online Access
collectionurl https://intelek.unisza.edu.my/intelek/pages/search.php?search=!collection407072
date 2017-10-17 14:22:49
eventvenue Vistana City Centre Kuantan, Pahang
format Restricted Document
id 6865
institution UniSZA
originalfilename 1478-01-FH03-FESP-17-10492.jpg
person norman
recordtype oai_dc
resourceurl https://intelek.unisza.edu.my/intelek/pages/view.php?ref=6865
spelling 6865 https://intelek.unisza.edu.my/intelek/pages/view.php?ref=6865 https://intelek.unisza.edu.my/intelek/pages/search.php?search=!collection407072 Restricted Document Conference Conference Paper image/jpeg inches 96 96 norman 1439 06 06 2017-10-17 14:22:49 722 1439x722 1478-01-FH03-FESP-17-10492.jpg UniSZA Private Access Alternative profit rate shariah-compliant for islamic banking 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. 1st International Conference on Applied and Industrial Mathematics and Statistics 2017, ICoAIMS 2017; Vistana City Centre Kuantan, Pahang
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