Contracts, structures, and computation mechanisms of Islamic bank retail financing products: a critical assessment

This chapter discusses Islamic bank retail financing, its instruments, and operations. The discussion demonstrates that it is essential to have a banking system based on Shariah principles that fulfill the needs of Muslim consumers. The chapter examines the various personal financing products, t...

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Main Authors:	Saiti, Buerhan, Abdul Wahab, Hishamuddin, Ahmad, Khaliq
Format:	Book Chapter
Language:	English
Published:	Palgrave Macmillan 2017
Subjects:	HG1501 Banking
Online Access:	http://irep.iium.edu.my/52929/ http://irep.iium.edu.my/52929/ http://irep.iium.edu.my/52929/ http://irep.iium.edu.my/52929/1/52929.pdf

id	iium-52929
recordtype	eprints
spelling	iium-529292017-08-22T07:40:17Z http://irep.iium.edu.my/52929/ Contracts, structures, and computation mechanisms of Islamic bank retail financing products: a critical assessment Saiti, Buerhan Abdul Wahab, Hishamuddin Ahmad, Khaliq HG1501 Banking This chapter discusses Islamic bank retail financing, its instruments, and operations. The discussion demonstrates that it is essential to have a banking system based on Shariah principles that fulfill the needs of Muslim consumers. The chapter examines the various personal financing products, their underlying Islamic contracts, and their computational mechanisms with appropriate examples. It also critically evaluates the products of Islamic bank retail financing. The availability of various personal financing instruments in Islamic banks allows Muslim consumers to achieve their financing needs. Moving forward, a greater variety of instruments that invite fewer Shariah issues must be offered in the market to ensure a more vibrant Islamic banking system. Palgrave Macmillan 2017 Book Chapter PeerReviewed application/pdf en http://irep.iium.edu.my/52929/1/52929.pdf Saiti, Buerhan and Abdul Wahab, Hishamuddin and Ahmad, Khaliq (2017) Contracts, structures, and computation mechanisms of Islamic bank retail financing products: a critical assessment. In: Islamic banking growth, stability and inclusion. Palgrave CIBFR Studies in Islamic Finance . Palgrave Macmillan, Cham, Switzerland, pp. 81-125. ISBN 978-3-319-45909-7 https://www.palgrave.com/de/book/9783319459097 http://link.springer.com/chapter/10.1007/978-3-319-45910-3_5
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HG1501 Banking
spellingShingle	HG1501 Banking Saiti, Buerhan Abdul Wahab, Hishamuddin Ahmad, Khaliq Contracts, structures, and computation mechanisms of Islamic bank retail financing products: a critical assessment
description	This chapter discusses Islamic bank retail financing, its instruments, and operations. The discussion demonstrates that it is essential to have a banking system based on Shariah principles that fulfill the needs of Muslim consumers. The chapter examines the various personal financing products, their underlying Islamic contracts, and their computational mechanisms with appropriate examples. It also critically evaluates the products of Islamic bank retail financing. The availability of various personal financing instruments in Islamic banks allows Muslim consumers to achieve their financing needs. Moving forward, a greater variety of instruments that invite fewer Shariah issues must be offered in the market to ensure a more vibrant Islamic banking system.
format	Book Chapter
author	Saiti, Buerhan Abdul Wahab, Hishamuddin Ahmad, Khaliq
author_facet	Saiti, Buerhan Abdul Wahab, Hishamuddin Ahmad, Khaliq
author_sort	Saiti, Buerhan
title	Contracts, structures, and computation mechanisms of Islamic bank retail financing products: a critical assessment
title_short	Contracts, structures, and computation mechanisms of Islamic bank retail financing products: a critical assessment
title_full	Contracts, structures, and computation mechanisms of Islamic bank retail financing products: a critical assessment
title_fullStr	Contracts, structures, and computation mechanisms of Islamic bank retail financing products: a critical assessment
title_full_unstemmed	Contracts, structures, and computation mechanisms of Islamic bank retail financing products: a critical assessment
title_sort	contracts, structures, and computation mechanisms of islamic bank retail financing products: a critical assessment
publisher	Palgrave Macmillan
publishDate	2017
url	http://irep.iium.edu.my/52929/ http://irep.iium.edu.my/52929/ http://irep.iium.edu.my/52929/ http://irep.iium.edu.my/52929/1/52929.pdf
first_indexed	2023-09-18T21:14:57Z
last_indexed	2023-09-18T21:14:57Z
_version_	1777411500016664576

Contracts, structures, and computation mechanisms of Islamic bank retail financing products: a critical assessment

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