Analysis on loan procedures between Islamic banking and conventional banking at Koperasi Permodalan Felda Berhad (KPF) / Nur Fadillah Hassan Basri

Hassan Basri, Nur Fadillah (2010) Analysis on loan procedures between Islamic banking and conventional banking at Koperasi Permodalan Felda Berhad (KPF) / Nur Fadillah Hassan Basri. [Student Project] (Unpublished)

Abstract

The Shariah compliance with principles is an integral feature in the Islamic banking and finance. Shariah deliberation and interpretation process is imperative in assuring such compliance. Harmonisation of Shariah interpretations will underpin a comprehensive and wholesome development of this sector. It will strengthen the regulatory and supervisory oversight of the industry and will also foster and nurture a pool of competent Shariah ad-visers. Among initiative to achieve the above objectives, Bank Negara Malaysia has amended the Central Bank of Malaysia Act 1958 to enhance the role and functions of its Shariah Advisory Council of Bank Negara Malaysia (SAC). This amendment has accorded the SAC as the sole Shariah authority in Islamic finance. The common Shariah concepts adopted in Islamic finance is Wadiah, Qardh, Mudhara-bah and others. However, since there is a need to address the contemporary issues and subscribe to the majority opinion of Shariah scholars, the Tawarruq concept is now intro-duced. Most cooperatives in Malaysia are using the Islamic concept as the basis of guid-ance in their business. Even though the concept has long been discussed by the Shariah scholars, only recently such concept was being practically implemented. This concept is regarded as an alternative to Bai’Inah concept and is used in product financing, deposits and financial liquidity management.

Metadata

Item Type: Student Project
Creators:
Creators
Email / ID Num.
Hassan Basri, Nur Fadillah
2008279888
Subjects: H Social Sciences > HG Finance > Banking
H Social Sciences > HG Finance > Banking > Bank loans. Bank credit. Commercial loans
H Social Sciences > HJ Public Finance > Finance, Islamic
Divisions: Universiti Teknologi MARA, Melaka > Bandaraya Melaka Campus > Faculty of Business and Management
Programme: Bachelor of Business Administration (Hons) Finance (BA242)
Keywords: Loan procedures; Islamic banking; Conventional banking
Date: 2010
URI: https://ir.uitm.edu.my/id/eprint/32657
Edit Item
Edit Item

Download

[thumbnail of 32657.pdf] Text
32657.pdf

Download (36kB)

Fulltext

Fulltext is available at:
  • Library Terminal Workstation (Digital Format) - Accessible via UiTM Libraries

ID Number

32657

Indexing

|

Statistic

Statistic details