A review of Islamic credit card models in Malaysia
Islamic credit card or better known as Credit Card-i is one of the alternative banking products introduced by Islamic financial institutions in Malaysia to substitute the conventional credit card. This paper aims at reviewing the structures and instruments applied by Islamic Financial Institutions...
| Main Authors: | , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2010
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/22652/ http://irep.iium.edu.my/22652/ http://irep.iium.edu.my/22652/1/318-323.pdf |
| Summary: | Islamic credit card or better known as Credit Card-i is one of the alternative banking products
introduced by Islamic financial institutions in Malaysia to substitute the conventional credit card. This
paper aims at reviewing the structures and instruments applied by Islamic Financial Institutions in
Malaysia from Shariah Compliance perspectives. The instruments include tawarruk, inah, and ujrah. The
method used is descriptive and positive analytical criticism which aims at improving the existing
structure. |
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