Is any defect in Islamic banking products? a case study of BBA

The rapid growth of Islamic banking and finance plays significant role to provide the financing facility for both Muslims and non-Muslims. One of the most popular Islamic banking products for property financing is Bay’ Bithaman Ajil (BBA). It has been widely used in Malaysian banking environment alt...

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Main Authors:	Htay, Sheila Nu Nu, Syed, Ahmed Salman
Format:	Conference or Workshop Item
Language:	English English
Published:	2013
Subjects:	HG1501 Banking
Online Access:	http://irep.iium.edu.my/29626/ http://irep.iium.edu.my/29626/1/IS_ANY_DEFECT_IN_ISLAMIC_BANKING_PRODUCTS_A_CASE_STUDY_OF_BBA.pdf http://irep.iium.edu.my/29626/4/6_Is_Any_Defect_in_Islamic_Banking_A_Case_Study_on_BBA_Acceptance_Letter.pdf

id	iium-29626
recordtype	eprints
spelling	iium-296262013-09-13T07:02:21Z http://irep.iium.edu.my/29626/ Is any defect in Islamic banking products? a case study of BBA Htay, Sheila Nu Nu Syed, Ahmed Salman HG1501 Banking The rapid growth of Islamic banking and finance plays significant role to provide the financing facility for both Muslims and non-Muslims. One of the most popular Islamic banking products for property financing is Bay’ Bithaman Ajil (BBA). It has been widely used in Malaysian banking environment although this type of product is not allowed in Middle East. When BBA is used to finance for any incomplete property, the unethical problems arise. It is because the banks are forcing the customers to pay and at the end, the customer does not occupy the property and at the same time, they are in debt. Banks should be taking responsibility, rather than putting the entire burden on the customers, in the case of default by property developer. This paper suggests the regulators, industry players and shari’ah scholars to revisit the validity issue of BBA financing for the incomplete product. 2013 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/29626/1/IS_ANY_DEFECT_IN_ISLAMIC_BANKING_PRODUCTS_A_CASE_STUDY_OF_BBA.pdf application/pdf en http://irep.iium.edu.my/29626/4/6_Is_Any_Defect_in_Islamic_Banking_A_Case_Study_on_BBA_Acceptance_Letter.pdf Htay, Sheila Nu Nu and Syed, Ahmed Salman (2013) Is any defect in Islamic banking products? a case study of BBA. In: International Interdisciplinary Conference on Recent Trends in Commerce Management, Engineering, Technology and Social Sciences”, 25 Feb 2013, Choice College of Arts and Commerce, Karve Road, Karishma Chowk, Behind Mc’Donalds, Kothrud, Pune – 411038..
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	HG1501 Banking
spellingShingle	HG1501 Banking Htay, Sheila Nu Nu Syed, Ahmed Salman Is any defect in Islamic banking products? a case study of BBA
description	The rapid growth of Islamic banking and finance plays significant role to provide the financing facility for both Muslims and non-Muslims. One of the most popular Islamic banking products for property financing is Bay’ Bithaman Ajil (BBA). It has been widely used in Malaysian banking environment although this type of product is not allowed in Middle East. When BBA is used to finance for any incomplete property, the unethical problems arise. It is because the banks are forcing the customers to pay and at the end, the customer does not occupy the property and at the same time, they are in debt. Banks should be taking responsibility, rather than putting the entire burden on the customers, in the case of default by property developer. This paper suggests the regulators, industry players and shari’ah scholars to revisit the validity issue of BBA financing for the incomplete product.
format	Conference or Workshop Item
author	Htay, Sheila Nu Nu Syed, Ahmed Salman
author_facet	Htay, Sheila Nu Nu Syed, Ahmed Salman
author_sort	Htay, Sheila Nu Nu
title	Is any defect in Islamic banking products? a case study of BBA
title_short	Is any defect in Islamic banking products? a case study of BBA
title_full	Is any defect in Islamic banking products? a case study of BBA
title_fullStr	Is any defect in Islamic banking products? a case study of BBA
title_full_unstemmed	Is any defect in Islamic banking products? a case study of BBA
title_sort	is any defect in islamic banking products? a case study of bba
publishDate	2013
url	http://irep.iium.edu.my/29626/ http://irep.iium.edu.my/29626/1/IS_ANY_DEFECT_IN_ISLAMIC_BANKING_PRODUCTS_A_CASE_STUDY_OF_BBA.pdf http://irep.iium.edu.my/29626/4/6_Is_Any_Defect_in_Islamic_Banking_A_Case_Study_on_BBA_Acceptance_Letter.pdf
first_indexed	2023-09-18T20:43:30Z
last_indexed	2023-09-18T20:43:30Z
_version_	1777409521880137728

Is any defect in Islamic banking products? a case study of BBA

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