Dealing with unlawful sources of fund among Islamic banks in Malaysia: finding from the practitioners’ perspective
This study examines the issue of dealing with unlawful sources of fund among Islamic Banks in Malaysia from the practitioners’ perspective. It investigates the practice of the bank in Malaysia in dealing with unlawful sources of fund with respect to accepting deposit for safe keeping and investment...
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| Format: | Conference or Workshop Item |
| Language: | English English |
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2018
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| Online Access: | http://irep.iium.edu.my/65855/ http://irep.iium.edu.my/65855/ http://irep.iium.edu.my/65855/1/65855_Dealing%20with%20Unlawful%20Sources.pdf http://irep.iium.edu.my/65855/2/65855_Dealing%20with%20Unlawful%20Sources%20-%20tentative.pdf |
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iium-65855 |
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eprints |
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iium-658552018-09-26T09:03:11Z http://irep.iium.edu.my/65855/ Dealing with unlawful sources of fund among Islamic banks in Malaysia: finding from the practitioners’ perspective Ibrahim, Badruddin Che Mohd Salleh, Marhanum Mohd, Azizah Laeba, Muhammad BP173.75 Islam and economics HB126.4 Islamic Economics HG3368 Islamic Banking and Finance KBP1 Islamic law.Shariah.Fiqh This study examines the issue of dealing with unlawful sources of fund among Islamic Banks in Malaysia from the practitioners’ perspective. It investigates the practice of the bank in Malaysia in dealing with unlawful sources of fund with respect to accepting deposit for safe keeping and investment and providing financial facilities to customers whose incomes come from unlawful sources. This is regardless whether the source of fund is wholly unlawful or the mixing between lawful and unlawful. Quantitative methodology is adopted to collect data among the industry practitioners those having direct involvement with the Islamic banks mainly officers of Shari’ah department, Shari’ah committee, and also related stakeholders of Islamic banks. Based on simple descriptive analysis, it is found that majority of the respondents have similar view that when the sources of fund is deemed unlawful, the bank cannot accept any deposit, investment, or give financing to the customers. With respect to the mixture sources of fund or activities, lawful and unlawful, it should not be restricted to receive the fund either for safe keeping, investment, or payment of financing. It is also confirm that the bank have right to investigate the sources of fund of the customers whether it is derived from Shari’ah compliant, non-Shari’ah compliant, or a mixture between the two. 2018-04-10 Conference or Workshop Item NonPeerReviewed application/pdf en http://irep.iium.edu.my/65855/1/65855_Dealing%20with%20Unlawful%20Sources.pdf application/pdf en http://irep.iium.edu.my/65855/2/65855_Dealing%20with%20Unlawful%20Sources%20-%20tentative.pdf Ibrahim, Badruddin and Che Mohd Salleh, Marhanum and Mohd, Azizah and Laeba, Muhammad (2018) Dealing with unlawful sources of fund among Islamic banks in Malaysia: finding from the practitioners’ perspective. In: 7th International Conference on Law And Society (ICLAS 7), 11th-13th April 2018, Kota Kinabalu, Sabah. (Unpublished) https://iclas2018.org/parallel-sessions/ |
| repository_type |
Digital Repository |
| institution_category |
Local University |
| institution |
International Islamic University Malaysia |
| building |
IIUM Repository |
| collection |
Online Access |
| language |
English English |
| topic |
BP173.75 Islam and economics HB126.4 Islamic Economics HG3368 Islamic Banking and Finance KBP1 Islamic law.Shariah.Fiqh |
| spellingShingle |
BP173.75 Islam and economics HB126.4 Islamic Economics HG3368 Islamic Banking and Finance KBP1 Islamic law.Shariah.Fiqh Ibrahim, Badruddin Che Mohd Salleh, Marhanum Mohd, Azizah Laeba, Muhammad Dealing with unlawful sources of fund among Islamic banks in Malaysia: finding from the practitioners’ perspective |
| description |
This study examines the issue of dealing with unlawful sources of fund among Islamic Banks in Malaysia from the practitioners’ perspective. It investigates the practice of the bank in Malaysia in dealing with unlawful sources of fund with respect to accepting deposit for safe keeping and investment and providing financial facilities to customers whose incomes come from unlawful sources. This is regardless whether the source of fund is wholly unlawful or the mixing between lawful and unlawful. Quantitative methodology is adopted to collect data among the industry practitioners those having direct involvement with the Islamic banks mainly officers of Shari’ah department, Shari’ah committee, and also related stakeholders of Islamic banks. Based on simple descriptive analysis, it is found that majority of the respondents have similar view that when the sources of fund is deemed unlawful, the bank cannot accept any deposit, investment, or give financing to the customers. With respect to the mixture sources of fund or activities, lawful and unlawful, it should not be restricted to receive the fund either for safe keeping, investment, or payment of financing. It is also confirm that the bank have right to investigate the sources of fund of the customers whether it is derived from Shari’ah compliant, non-Shari’ah compliant, or a mixture between the two. |
| format |
Conference or Workshop Item |
| author |
Ibrahim, Badruddin Che Mohd Salleh, Marhanum Mohd, Azizah Laeba, Muhammad |
| author_facet |
Ibrahim, Badruddin Che Mohd Salleh, Marhanum Mohd, Azizah Laeba, Muhammad |
| author_sort |
Ibrahim, Badruddin |
| title |
Dealing with unlawful sources of fund among Islamic banks in Malaysia: finding from the practitioners’ perspective |
| title_short |
Dealing with unlawful sources of fund among Islamic banks in Malaysia: finding from the practitioners’ perspective |
| title_full |
Dealing with unlawful sources of fund among Islamic banks in Malaysia: finding from the practitioners’ perspective |
| title_fullStr |
Dealing with unlawful sources of fund among Islamic banks in Malaysia: finding from the practitioners’ perspective |
| title_full_unstemmed |
Dealing with unlawful sources of fund among Islamic banks in Malaysia: finding from the practitioners’ perspective |
| title_sort |
dealing with unlawful sources of fund among islamic banks in malaysia: finding from the practitioners’ perspective |
| publishDate |
2018 |
| url |
http://irep.iium.edu.my/65855/ http://irep.iium.edu.my/65855/ http://irep.iium.edu.my/65855/1/65855_Dealing%20with%20Unlawful%20Sources.pdf http://irep.iium.edu.my/65855/2/65855_Dealing%20with%20Unlawful%20Sources%20-%20tentative.pdf |
| first_indexed |
2023-09-18T21:33:26Z |
| last_indexed |
2023-09-18T21:33:26Z |
| _version_ |
1777412662842359808 |