Selection of islamic financial products among staff at Majlis Perbandaran Kota Bharu Bandar Raya Islam (MPKB-BRI), Kelantan / Wan Mohd Fakhzan Wan Deraman

Islamic finance is the range of financial transaction that conforms to the shari’ah, or Islamic law. Islamic finance forbids investment in industries considered sinful, notably
alcohol, pornography and armaments. Islamic law also forbids the payment or receipt of interest. This forces credit to be either interest-free or, more commonly, to take the form of a partnership or joint venture. For example, a bank could buy an asset for cash and then re-sell it to the "borrower" for a profit such that the profit is the same as the bank would have made had it extended a regular loan. Islamic finance also forbids speculation. Thus, futures contracts and options are not permissible. These restrictions have made Islamic finance rather risk averse; it has a tendency to invest in fixed assets with an intrinsic value apart from the transaction. Critics within Islam claim that Islamic finance imitates conventional finance and therefore is not truly "Islamic." However, it became a major growth sector within finance in the early 2000s. See also: Sukuk, Murabaha, Mudharaba, Musharika. The purpose on this research is to determine the factor of selection Islamic financial products among staff at Majlis Perbandaran Kota
Bharu Bandar Raya Islam (MPKB-BRI). This research used simple research method which is 100 questionnaires distributed to the respondent among staff at MPKB. The
finding in this research, majority staff at MPKB interested to use Islamic financial products because of the philosophy of Islamic rules and quality of service at Islamic bank
provided.