Contracts, structures, and computation mechanisms of Islamic bank retail financing products: a critical assessment
This chapter discusses Islamic bank retail financing, its instruments, and operations. The discussion demonstrates that it is essential to have a banking system based on Shariah principles that fulfill the needs of Muslim consumers. The chapter examines the various personal financing products, t...
| Main Authors: | , , |
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| Format: | Book Chapter |
| Language: | English |
| Published: |
Palgrave Macmillan
2017
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/52929/ http://irep.iium.edu.my/52929/1/52929.pdf |
| _version_ | 1848784146512478208 |
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| author | Saiti, Buerhan Abdul Wahab, Hishamuddin Ahmad, Khaliq |
| author_facet | Saiti, Buerhan Abdul Wahab, Hishamuddin Ahmad, Khaliq |
| author_sort | Saiti, Buerhan |
| building | IIUM Repository |
| collection | Online Access |
| description | This chapter discusses Islamic bank retail financing, its instruments,
and operations. The discussion demonstrates that it is essential to
have a banking system based on Shariah principles that fulfill the needs of
Muslim consumers. The chapter examines the various personal financing
products, their underlying Islamic contracts, and their computational
mechanisms with appropriate examples. It also critically evaluates the 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, a greater variety of instruments that invite fewer Shariah issues must be offered in the market to ensure
a more vibrant Islamic banking system. |
| first_indexed | 2025-11-14T16:32:37Z |
| format | Book Chapter |
| id | iium-52929 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T16:32:37Z |
| publishDate | 2017 |
| publisher | Palgrave Macmillan |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-529292017-08-22T07:40:17Z http://irep.iium.edu.my/52929/ Contracts, structures, and computation mechanisms of Islamic bank retail financing products: a critical assessment Saiti, Buerhan Abdul Wahab, Hishamuddin Ahmad, Khaliq HG1501 Banking This chapter discusses Islamic bank retail financing, its instruments, and operations. The discussion demonstrates that it is essential to have a banking system based on Shariah principles that fulfill the needs of Muslim consumers. The chapter examines the various personal financing products, their underlying Islamic contracts, and their computational mechanisms with appropriate examples. It also critically evaluates the 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, a greater variety of instruments that invite fewer Shariah issues must be offered in the market to ensure a more vibrant Islamic banking system. Palgrave Macmillan 2017 Book Chapter PeerReviewed application/pdf en http://irep.iium.edu.my/52929/1/52929.pdf Saiti, Buerhan and Abdul Wahab, Hishamuddin and Ahmad, Khaliq (2017) Contracts, structures, and computation mechanisms of Islamic bank retail financing products: a critical assessment. In: Islamic banking growth, stability and inclusion. Palgrave CIBFR Studies in Islamic Finance . Palgrave Macmillan, Cham, Switzerland, pp. 81-125. ISBN 978-3-319-45909-7 https://www.palgrave.com/de/book/9783319459097 http://link.springer.com/chapter/10.1007/978-3-319-45910-3_5 |
| spellingShingle | HG1501 Banking Saiti, Buerhan Abdul Wahab, Hishamuddin Ahmad, Khaliq Contracts, structures, and computation mechanisms of Islamic bank retail financing products: a critical assessment |
| title | Contracts, structures, and computation mechanisms of Islamic bank retail financing products: a critical assessment |
| title_full | Contracts, structures, and computation mechanisms of Islamic bank retail financing products: a critical assessment |
| title_fullStr | Contracts, structures, and computation mechanisms of Islamic bank retail financing products: a critical assessment |
| title_full_unstemmed | Contracts, structures, and computation mechanisms of Islamic bank retail financing products: a critical assessment |
| title_short | Contracts, structures, and computation mechanisms of Islamic bank retail financing products: a critical assessment |
| title_sort | contracts, structures, and computation mechanisms of islamic bank retail financing products: a critical assessment |
| topic | HG1501 Banking |
| url | http://irep.iium.edu.my/52929/ http://irep.iium.edu.my/52929/ http://irep.iium.edu.my/52929/ http://irep.iium.edu.my/52929/1/52929.pdf |