An overview of mortgage enforcement in Malaysia / Siti Dalila Abdul Ghani … [et al.]

Abdul Ghani, Siti Dalila and Mohd Nazri, Farah Nur Ain and Mohd Hakimi, Nur Izzah Najihah and Ibrahim, Safurah (2023) An overview of mortgage enforcement in Malaysia / Siti Dalila Abdul Ghani … [et al.]. [Student Project] (Unpublished)

Abstract

Title: “An Overview of Mortgage Enforcement in Malaysia”

An Islamic-based development organization must adhere to the principles of Sharia corporate governance and Islamic management practices. These two principles can be achieved through strategic management, which will define the organization's objectives and course of action. An example of this is the mortgage institution, which was established on the principles of economic development and provides Islamic services. In contrast to conventional development institutions, its management strategy focuses more on the pursuit of profit. When its governance is guided solely by the wishes of its stakeholders. This is synonymous with the stakeholder theory commonly used in governance studies (Shah and Sharif, 2018).

Therefore, Islamic financial instruments that comply with Sharia regulations are always in demand. Today, a wide range of Sharia-compliant financial products have been launched to meet consumer needs, both short- and long-term, thanks to the emergence of Sharia-compliant alternatives to conventional banking. Sharia is known to be the foundation of Islamic banking. Even though both types of banking offer similar services and functions, one of the things that distinguishes Islamic banking from conventional banking is this idea. The two fundamental principles of Islamic banking are profit and loss sharing between the bank and its customer and the prohibition of interest (riba) (Azli et al., 2017).

Metadata

Item Type: Student Project
Creators:
Creators
Email / ID Num.
Abdul Ghani, Siti Dalila
2023368461
Mohd Nazri, Farah Nur Ain
2023301471
Mohd Hakimi, Nur Izzah Najihah
2023375375
Ibrahim, Safurah
2023165393
Contributors:
Contribution
Name
Email / ID Num.
Advisor
Mat Zain, Muhammad Nazri
UNSPECIFIED
Subjects: B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc > Islam > Islamic ethics
B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc > Islam > Islam and economics
B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc > Islam > Islamic sociology > The practice of Islam. Islam and work
B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc > Islam > Study and teaching. Research
Divisions: Universiti Teknologi MARA, Kelantan > Machang Campus > Academy of Contemporary Islamic Studies (ACIS)
Programme: IMU 554: Dirasah Nassiyah
Keywords: Islamic financial, Sharia regulation, Islamic organization, study, economy
Date: 2023
URI: https://ir.uitm.edu.my/id/eprint/114259
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