Al- ‘urf and its applicability in Islamic deposit products

Over the last decade Islamic banking has clear taken root. What began as novelty has made major strides. The main purpose of this paper was to explain the applicability of ‘urf in Islamic deposit products. This study set about the application of ‘urf in Islamic law briefly, moreover, the concept of...

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Main Authors: Abdul Aziz Bello, Shafi'i, Mohd. Yasin, Norhashimah, Hassan, Rusni, Zul Kepli, Mohd. Yazid
Format: Article
Language:English
Published: American Institute of Science 2015
Subjects:
Online Access:http://irep.iium.edu.my/44273/
http://irep.iium.edu.my/44273/
http://irep.iium.edu.my/44273/1/44273_Al-Urf.pdf
id iium-44273
recordtype eprints
spelling iium-442732019-10-14T02:12:59Z http://irep.iium.edu.my/44273/ Al- ‘urf and its applicability in Islamic deposit products Abdul Aziz Bello, Shafi'i Mohd. Yasin, Norhashimah Hassan, Rusni Zul Kepli, Mohd. Yazid HJ Public Finance P Philology. Linguistics Over the last decade Islamic banking has clear taken root. What began as novelty has made major strides. The main purpose of this paper was to explain the applicability of ‘urf in Islamic deposit products. This study set about the application of ‘urf in Islamic law briefly, moreover, the concept of deposit products in conventional bank just analysed while it in Islamic bank effectively analysed. The types of deposit products in both banks are chiefly current, saving and investment accounts. Moreover, the basis of each production from primary and secondary sources was explained to shows how they compliant with Sharīʿah. In addition, it mentioned the model of deposit products in Islamic banking that represented as wadī‘ah, qarḍ Hassan and muḍārabah that are replicate of conventional banking. Furthermore, it highlights the relationship between the depositor and depositee, as well as the obligations of both parties. The study argued that the adoption of the conventional banking structural practices by the Islamic banking is valid especially area of deposit and investment, since this account can be devoid of the interest element, Islamic banks are permitted by Sharīʿah to offer similar facilities. American Institute of Science 2015-04 Article PeerReviewed application/pdf en http://irep.iium.edu.my/44273/1/44273_Al-Urf.pdf Abdul Aziz Bello, Shafi'i and Mohd. Yasin, Norhashimah and Hassan, Rusni and Zul Kepli, Mohd. Yazid (2015) Al- ‘urf and its applicability in Islamic deposit products. American Journal of Economics, Finance and Management, 1 (2). pp. 35-42. ISSN 2381-6864 E-ISSN 2381-6902 http://files.aiscience.org/journal/article/html/70220001.html
repository_type Digital Repository
institution_category Local University
institution International Islamic University Malaysia
building IIUM Repository
collection Online Access
language English
topic HJ Public Finance
P Philology. Linguistics
spellingShingle HJ Public Finance
P Philology. Linguistics
Abdul Aziz Bello, Shafi'i
Mohd. Yasin, Norhashimah
Hassan, Rusni
Zul Kepli, Mohd. Yazid
Al- ‘urf and its applicability in Islamic deposit products
description Over the last decade Islamic banking has clear taken root. What began as novelty has made major strides. The main purpose of this paper was to explain the applicability of ‘urf in Islamic deposit products. This study set about the application of ‘urf in Islamic law briefly, moreover, the concept of deposit products in conventional bank just analysed while it in Islamic bank effectively analysed. The types of deposit products in both banks are chiefly current, saving and investment accounts. Moreover, the basis of each production from primary and secondary sources was explained to shows how they compliant with Sharīʿah. In addition, it mentioned the model of deposit products in Islamic banking that represented as wadī‘ah, qarḍ Hassan and muḍārabah that are replicate of conventional banking. Furthermore, it highlights the relationship between the depositor and depositee, as well as the obligations of both parties. The study argued that the adoption of the conventional banking structural practices by the Islamic banking is valid especially area of deposit and investment, since this account can be devoid of the interest element, Islamic banks are permitted by Sharīʿah to offer similar facilities.
format Article
author Abdul Aziz Bello, Shafi'i
Mohd. Yasin, Norhashimah
Hassan, Rusni
Zul Kepli, Mohd. Yazid
author_facet Abdul Aziz Bello, Shafi'i
Mohd. Yasin, Norhashimah
Hassan, Rusni
Zul Kepli, Mohd. Yazid
author_sort Abdul Aziz Bello, Shafi'i
title Al- ‘urf and its applicability in Islamic deposit products
title_short Al- ‘urf and its applicability in Islamic deposit products
title_full Al- ‘urf and its applicability in Islamic deposit products
title_fullStr Al- ‘urf and its applicability in Islamic deposit products
title_full_unstemmed Al- ‘urf and its applicability in Islamic deposit products
title_sort al- ‘urf and its applicability in islamic deposit products
publisher American Institute of Science
publishDate 2015
url http://irep.iium.edu.my/44273/
http://irep.iium.edu.my/44273/
http://irep.iium.edu.my/44273/1/44273_Al-Urf.pdf
first_indexed 2023-09-18T21:02:58Z
last_indexed 2023-09-18T21:02:58Z
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