The modus operandi between hire purchase and hire purchase – I (Al – Ijarah Thumma Al – Bai) in Maybank Malaysia / Nazirah Mohamad Aziz

Mohamad Aziz, Nazirah (2018) The modus operandi between hire purchase and hire purchase – I (Al – Ijarah Thumma Al – Bai) in Maybank Malaysia / Nazirah Mohamad Aziz. Student Project. Universiti Teknologi MARA, Selangor, Puncak Alam Campus, Puncak Alam, Selangor. (Unpublished)

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Abstract

Hire purchase and hire purchase – I (AITAB) in Maybank Malaysia generally is financing for a new vehicle, second hand and reconditioned motor vehicle. The modus operandi of hire purchase and AITAB when the car will be held by the bank first and after the fully payment the customer will get the vehicle after the end of the payment. There are differences between hire purchase and hire purchase – I. The hire purchase and hire purchase - I (AITAB) definitely are subject to Hire Purchase Act 1967. The interest rate for the conventional bank in vehicle financing can be consider as floating rate and fixed rate. For the Islamic bank there is no interest rate but as compensative charges. Furthermore, AITAB is Shariah compliant product because no other additional charges such as interest rate that lead to prohibited contract. The interviewer that involve information being integrated on related topics. This study focused on the modus operandi of hire purchase and hire purchase – I (AITAB) to be conducted in Maybank Malaysia. Consequently, the findings and its modus operandi were discussed.

Item Type: Monograph (Student Project)
Creators:
CreatorsEmail
Mohamad Aziz, NazirahUNSPECIFIED
Subjects: H Social Sciences > HG Finance > Banking > Bank loans. Bank credit. Commercial loans
H Social Sciences > HJ Public Finance > Finance, Islamic
Divisions: Universiti Teknologi MARA, Selangor > Puncak Alam Campus > Academy of Contemporary Islamic Studies (ACIS)_B
Item ID: 23376
Uncontrolled Keywords: Hire purchase, Maybank Malaysia, Islamic bank, motor vehicle, Shariah compliant
Last Modified: 06 Mar 2019 03:14
Depositing User: Perpustakaan Tun Abdul Razak UiTM Kampus Puncak Alam
URI: http://ir.uitm.edu.my/id/eprint/23376

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