Bank Muamalat: a case in Islamic management

In Malaysia, the promotion of the Islamic capital market sector overseas and in other Islamic markets, has been intensified, in particular through the sharing of Shariah knowledge in Islamic banking since the industry took off globally with the introduction of the Islamic Development Bank in Jeddah...

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Main Authors:	Mohd. Israil, Khaliq Ahmad, Kazmi, Azhar
Format:	Article
Language:	English
Published:	Management Centre, IIUM 2010
Subjects:	HD28 Management. Industrial Management HF5001 Business. Business Administration HG Finance HG4001 Financial management. Business finance. Corporation finance.
Online Access:	http://irep.iium.edu.my/2339/ http://irep.iium.edu.my/2339/ http://irep.iium.edu.my/2339/1/Muamalat4%28edSP%29Ver3%29.pdf

id	iium-2339
recordtype	eprints
spelling	iium-23392011-12-06T04:09:28Z http://irep.iium.edu.my/2339/ Bank Muamalat: a case in Islamic management Mohd. Israil, Khaliq Ahmad Kazmi, Azhar HD28 Management. Industrial Management HF5001 Business. Business Administration HG Finance HG4001 Financial management. Business finance. Corporation finance. In Malaysia, the promotion of the Islamic capital market sector overseas and in other Islamic markets, has been intensified, in particular through the sharing of Shariah knowledge in Islamic banking since the industry took off globally with the introduction of the Islamic Development Bank in Jeddah in 1970. In 1974, the Islamic Bank of Dubai became the first ever Islamic bank to be founded. The earliest form of Islamic banking in Malaysia can be traced to the setting up of the Perbadanan Wang Simpana Bakal-Bakal Haji, the precursor to the present-day Tabung Haji (TH). The National Steering Committee on Islamic Banks was established in July 1980 culminating in the establishment of Bank Islam Malaysia Berhad in 1983. In 1993, commercial banks, merchant banks and finance companies were allowed to offer Islamic banking products and services under the Islamic Banking Scheme (IBS). Bank Muamalat Malaysia Bhd took this opportunity to move into this industry and joined the existing Islamic banks in the country. Bank Muamalat is now one the leading banks in Malaysia. It has 46 branches, 5 service centres and an Labuan Offshore branch. At the time of data collection for this case study, the Bank had a staff strength of about 1,400 employees. Proficiency and integrity concerns are given serious thought and consideration due to increased level of competition in Islamic banking and finance in Malaysia with the opening of a number of international Islamic banks. A critical issue now is how the Bank develops and maintains its strategic position. Management Centre, IIUM 2010-07 Article PeerReviewed application/pdf en http://irep.iium.edu.my/2339/1/Muamalat4%28edSP%29Ver3%29.pdf Mohd. Israil, Khaliq Ahmad and Kazmi, Azhar (2010) Bank Muamalat: a case in Islamic management. IIUM Journal of Case Studies in Management, 1 (2). pp. 34-44. ISSN 2180-2327 http://managementcentre.com.my/journal/files/vol1.2/Muamalat4(edSP)Ver3).pdf
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HD28 Management. Industrial Management HF5001 Business. Business Administration HG Finance HG4001 Financial management. Business finance. Corporation finance.
spellingShingle	HD28 Management. Industrial Management HF5001 Business. Business Administration HG Finance HG4001 Financial management. Business finance. Corporation finance. Mohd. Israil, Khaliq Ahmad Kazmi, Azhar Bank Muamalat: a case in Islamic management
description	In Malaysia, the promotion of the Islamic capital market sector overseas and in other Islamic markets, has been intensified, in particular through the sharing of Shariah knowledge in Islamic banking since the industry took off globally with the introduction of the Islamic Development Bank in Jeddah in 1970. In 1974, the Islamic Bank of Dubai became the first ever Islamic bank to be founded. The earliest form of Islamic banking in Malaysia can be traced to the setting up of the Perbadanan Wang Simpana Bakal-Bakal Haji, the precursor to the present-day Tabung Haji (TH). The National Steering Committee on Islamic Banks was established in July 1980 culminating in the establishment of Bank Islam Malaysia Berhad in 1983. In 1993, commercial banks, merchant banks and finance companies were allowed to offer Islamic banking products and services under the Islamic Banking Scheme (IBS). Bank Muamalat Malaysia Bhd took this opportunity to move into this industry and joined the existing Islamic banks in the country. Bank Muamalat is now one the leading banks in Malaysia. It has 46 branches, 5 service centres and an Labuan Offshore branch. At the time of data collection for this case study, the Bank had a staff strength of about 1,400 employees. Proficiency and integrity concerns are given serious thought and consideration due to increased level of competition in Islamic banking and finance in Malaysia with the opening of a number of international Islamic banks. A critical issue now is how the Bank develops and maintains its strategic position.
format	Article
author	Mohd. Israil, Khaliq Ahmad Kazmi, Azhar
author_facet	Mohd. Israil, Khaliq Ahmad Kazmi, Azhar
author_sort	Mohd. Israil, Khaliq Ahmad
title	Bank Muamalat: a case in Islamic management
title_short	Bank Muamalat: a case in Islamic management
title_full	Bank Muamalat: a case in Islamic management
title_fullStr	Bank Muamalat: a case in Islamic management
title_full_unstemmed	Bank Muamalat: a case in Islamic management
title_sort	bank muamalat: a case in islamic management
publisher	Management Centre, IIUM
publishDate	2010
url	http://irep.iium.edu.my/2339/ http://irep.iium.edu.my/2339/ http://irep.iium.edu.my/2339/1/Muamalat4%28edSP%29Ver3%29.pdf
first_indexed	2023-09-18T20:09:55Z
last_indexed	2023-09-18T20:09:55Z
_version_	1777407408899883008

Bank Muamalat: a case in Islamic management

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