Need of elevating the role of shariah board and portraying them significantly on Islamic bank websites: Why and how? / Tahreem Noor Khan.

Islamic banking emerged rapidly to fulfil the financial needs of Muslim consumers, by using different viable modes of Islamic financing. These tools of financing were designed to avoid risk-free return, unjustified increase of money on money and uncertainty. To make these tool authentic, in all Isla...

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Main Author: Noor Khan, Tahreem Noor Khan
Format: Article
Language:English
Published: Universiti Teknologi MARA Selangor 2018
Subjects:
Online Access:https://ir.uitm.edu.my/id/eprint/32258/
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author Noor Khan, Tahreem Noor Khan
author_facet Noor Khan, Tahreem Noor Khan
author_sort Noor Khan, Tahreem Noor Khan
building UiTM Institutional Repository
collection Online Access
description Islamic banking emerged rapidly to fulfil the financial needs of Muslim consumers, by using different viable modes of Islamic financing. These tools of financing were designed to avoid risk-free return, unjustified increase of money on money and uncertainty. To make these tool authentic, in all Islamic bank, Shariah board members are the pillar of the management structure. The presence of renowned scholars in a bank actually helps to increase the worth of a Shariah financial brand as they are the one who oversee and supervise the activities of banks. However, it is noticed that confusion and misperception exist generally about Islamic banks due to lack of devising authentic products, modes of structure and operational default. To identify the customer perception about Shariah scholars, Online Survey was conducted. In total 92 respondents participated. With that, 14 top Islamic bank websites (Bahrain, Lebanon, Nigeria, Saudi Arabia, Srilanka, Indonesia, Bangladesh, UAE, Pakistan, Malaysia, Kuwait, Jordan, Eygpt, Oman) was observed to figure how they have given importance and exposure to the Shariah board members. The findings suggested that web-marketing could highlight the role of Shariah scholars so that both users and non-users of Islamic banks were able to learn more about the machinery of Islamic financial products. In addition, Shariah board scholars should consciously reconsider and review their past and present approaches so as to perform better in the future.
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spelling uitm-322582020-07-15T03:39:53Z https://ir.uitm.edu.my/id/eprint/32258/ Need of elevating the role of shariah board and portraying them significantly on Islamic bank websites: Why and how? / Tahreem Noor Khan. jeeir Noor Khan, Tahreem Noor Khan HJ Public Finance Finance, Islamic Islamic banking emerged rapidly to fulfil the financial needs of Muslim consumers, by using different viable modes of Islamic financing. These tools of financing were designed to avoid risk-free return, unjustified increase of money on money and uncertainty. To make these tool authentic, in all Islamic bank, Shariah board members are the pillar of the management structure. The presence of renowned scholars in a bank actually helps to increase the worth of a Shariah financial brand as they are the one who oversee and supervise the activities of banks. However, it is noticed that confusion and misperception exist generally about Islamic banks due to lack of devising authentic products, modes of structure and operational default. To identify the customer perception about Shariah scholars, Online Survey was conducted. In total 92 respondents participated. With that, 14 top Islamic bank websites (Bahrain, Lebanon, Nigeria, Saudi Arabia, Srilanka, Indonesia, Bangladesh, UAE, Pakistan, Malaysia, Kuwait, Jordan, Eygpt, Oman) was observed to figure how they have given importance and exposure to the Shariah board members. The findings suggested that web-marketing could highlight the role of Shariah scholars so that both users and non-users of Islamic banks were able to learn more about the machinery of Islamic financial products. In addition, Shariah board scholars should consciously reconsider and review their past and present approaches so as to perform better in the future. Universiti Teknologi MARA Selangor 2018-05 Article PeerReviewed text en https://ir.uitm.edu.my/id/eprint/32258/1/AJ_TAHREEM%20NOOR%20KHAN%20JEEIR%20B%2018.pdf Noor Khan, Tahreem Noor Khan (2018) Need of elevating the role of shariah board and portraying them significantly on Islamic bank websites: Why and how? / Tahreem Noor Khan. (2018) Journal of Emerging Economies and Islamic Research (JEEIR) <https://ir.uitm.edu.my/view/publication/Journal_of_Emerging_Economies_and_Islamic_Research_=28JEEIR=29.html>, 6 (2). pp. 1-16. ISSN 2289-2559 https://journal.uitm.edu.my/ojs/index.php/JEEIR/
spellingShingle HJ Public Finance
Finance, Islamic
Noor Khan, Tahreem Noor Khan
Need of elevating the role of shariah board and portraying them significantly on Islamic bank websites: Why and how? / Tahreem Noor Khan.
title Need of elevating the role of shariah board and portraying them significantly on Islamic bank websites: Why and how? / Tahreem Noor Khan.
title_full Need of elevating the role of shariah board and portraying them significantly on Islamic bank websites: Why and how? / Tahreem Noor Khan.
title_fullStr Need of elevating the role of shariah board and portraying them significantly on Islamic bank websites: Why and how? / Tahreem Noor Khan.
title_full_unstemmed Need of elevating the role of shariah board and portraying them significantly on Islamic bank websites: Why and how? / Tahreem Noor Khan.
title_short Need of elevating the role of shariah board and portraying them significantly on Islamic bank websites: Why and how? / Tahreem Noor Khan.
title_sort need of elevating the role of shariah board and portraying them significantly on islamic bank websites: why and how? / tahreem noor khan.
topic HJ Public Finance
Finance, Islamic
url https://ir.uitm.edu.my/id/eprint/32258/
https://ir.uitm.edu.my/id/eprint/32258/