The concept of Islamic banking from the Islamic worldview

The concept of Islamic banking from the Islamic worldview

Islamic banks are required to run their business activity with full conformity to Shariah. They should not borrow money on interest nor keep their surplus cash in interest bearing account as well as should not involve in any prohibited business deals. Even if the business activities are permissible,...

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Main Authors: Mohd Yunus, Saidatolakma, Kamaruddin, Zuraidah, Embong, Rahimah
Format: Article
Language:English
Published: Human Resource Management Academic Research Society (HRMARS) 2018
Subjects:
HG1501 Banking
Online Access:http://irep.iium.edu.my/70439/
http://irep.iium.edu.my/70439/
http://irep.iium.edu.my/70439/
http://irep.iium.edu.my/70439/1/The_Concept_of_Islamic_Banking_from_the_Islamic_Worldview.pdf
id iium-70439
recordtype eprints
spelling iium-704392019-07-12T08:29:52Z http://irep.iium.edu.my/70439/ The concept of Islamic banking from the Islamic worldview Mohd Yunus, Saidatolakma Kamaruddin, Zuraidah Embong, Rahimah HG1501 Banking Islamic banks are required to run their business activity with full conformity to Shariah. They should not borrow money on interest nor keep their surplus cash in interest bearing account as well as should not involve in any prohibited business deals. Even if the business activities are permissible, the borrowings may be based on riba (usury), the surplus is kept in interest bearing accounts and so on. Hence, this article aims to offer an alternative to liberate Muslim investors and small managers from the sinful action of dealing with those banking business activities. Human Resource Management Academic Research Society (HRMARS) 2018-11-29 Article PeerReviewed application/pdf en http://irep.iium.edu.my/70439/1/The_Concept_of_Islamic_Banking_from_the_Islamic_Worldview.pdf Mohd Yunus, Saidatolakma and Kamaruddin, Zuraidah and Embong, Rahimah (2018) The concept of Islamic banking from the Islamic worldview. International Journal of Academic Research in Business and Social Sciences, 8 (11). pp. 539-550. ISSN 2222-6990 http://hrmars.com/hrmars_papers/The_Concept_of_Islamic_Banking_from_the_Islamic_Worldview.pdf 10.6007/IJARBSS/v8-i11/4928
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
Mohd Yunus, Saidatolakma
Kamaruddin, Zuraidah
Embong, Rahimah
The concept of Islamic banking from the Islamic worldview
description Islamic banks are required to run their business activity with full conformity to Shariah. They should not borrow money on interest nor keep their surplus cash in interest bearing account as well as should not involve in any prohibited business deals. Even if the business activities are permissible, the borrowings may be based on riba (usury), the surplus is kept in interest bearing accounts and so on. Hence, this article aims to offer an alternative to liberate Muslim investors and small managers from the sinful action of dealing with those banking business activities.
format Article
author Mohd Yunus, Saidatolakma
Kamaruddin, Zuraidah
Embong, Rahimah
author_facet Mohd Yunus, Saidatolakma
Kamaruddin, Zuraidah
Embong, Rahimah
author_sort Mohd Yunus, Saidatolakma
title The concept of Islamic banking from the Islamic worldview
title_short The concept of Islamic banking from the Islamic worldview
title_full The concept of Islamic banking from the Islamic worldview
title_fullStr The concept of Islamic banking from the Islamic worldview
title_full_unstemmed The concept of Islamic banking from the Islamic worldview
title_sort concept of islamic banking from the islamic worldview
publisher Human Resource Management Academic Research Society (HRMARS)
publishDate 2018
url http://irep.iium.edu.my/70439/
http://irep.iium.edu.my/70439/
http://irep.iium.edu.my/70439/
http://irep.iium.edu.my/70439/1/The_Concept_of_Islamic_Banking_from_the_Islamic_Worldview.pdf
first_indexed 2023-09-18T21:40:00Z
last_indexed 2023-09-18T21:40:00Z
_version_ 1777413076225622016

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