A revisit to the practice of late payment charges by Islamic Banks in Malaysia

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A revisit to the practice of late payment charges by Islamic Banks in Malaysia

Islamic banking in Malaysia have been experiencing late payment and default issues because customers are not allowed to be charged with interest (riba) as opposed to the practices in the conventional banking. To mitigate these issues, the Shariah Advisory Council of Bank Negara Malaysia has enforc...

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Bibliographic Details
Main Authors:	Ezani Yaakub, Mohamed Azam Mohamed Adil, Asmak Husin, Mohd Dani Muhamad, Mohammad Mahyuddin Khalid, Mohd Solahuddin Shahruddin
Format:	Article
Language:	English
Published:	Penerbit Universiti Kebangsaan Malaysia 2014
Online Access:	http://journalarticle.ukm.my/9420/ http://journalarticle.ukm.my/9420/1/9220-25196-1-PB.pdf

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