The good, the bad and the ugly of Islamic credit cards / Zaimy Johana Johana and Mohd Zainee Hussain

Hussain, Mohd Zainee and Johana, Zaimy Johana (2021) The good, the bad and the ugly of Islamic credit cards / Zaimy Johana Johana and Mohd Zainee Hussain. Journal of Emerging Economies & Islamic Research, 9 (1). pp. 43-53. ISSN (e-ISSN): 2289-2559

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Abstract

The Malaysian Islamic financial services have developed and thrived in the competitive domestic and global financial market, especially in the last three decades. The government has provided the industry conducive enabling environment to catalyse the industry growth and development. Islamic finance has gained prominence and been identified as the growth area in the nation's financial sector. With a range of innovative shariah compliant products and services, the halal financial services have gained market acceptance from both Muslims and non-Muslims alike, albeit with different acceptance levels according to the products. Specifically, to a certain degree, it appears that the market has been more receptive of other Islamic financial services such as loans for various purposes including purchases of securities, properties, vehicles; working capital and even personal loans than the credit cards. Additionally, slower growth, lower market share and performance of Islamic credit cards visa-vis conventional credit cards, and other Islamic financial products merit further scrutiny. A better analysis to understand the issues pertinent to Islamic credit cards' growth.

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Item Type: Article
Creators:
Creators
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Hussain, Mohd Zainee
UNSPECIFIED
Johana, Zaimy Johana
zaimy@uitm.edu.my
Subjects: H Social Sciences > HG Finance > Banking
H Social Sciences > HG Finance > Interest rates
H Social Sciences > HG Finance > Credit. Debt. Loans
H Social Sciences > HJ Public Finance > Finance, Islamic
Divisions: Universiti Teknologi MARA, Shah Alam > Faculty of Business and Management
Journal or Publication Title: Journal of Emerging Economies & Islamic Research
UiTM Journal Collections: UiTM Journal > Journal of Emerging Economies and Islamic Research (JEEIR)
ISSN: (e-ISSN): 2289-2559
Volume: 9
Number: 1
Page Range: pp. 43-53
Official URL: https://doi.org/10.24191/jeeir.v9i1.11544
Item ID: 47443
Uncontrolled Keywords: Shariah compliance, Islamic credit cards, Credit cards
URI: https://ir.uitm.edu.my/id/eprint/47443

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47443

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