How Islamic banking do justice to Malaysian society? / Nur Khalidah Dahlan … [et al.]

Dahlan, Nur Khalidah and Yaa’kub, Noor Inayah and Abdul Hamid, Mohamad (2014) How Islamic banking do justice to Malaysian society? / Nur Khalidah Dahlan … [et al.]. In: International Conference on Islamic Business, Art, Culture & Communication (ICIBACC 2014). Division of Research and Industry Linkages, UiTM Melaka, Alor Gajah, p. 25.

Abstract

The term “Islamic banking” means the conduct of banking operations in parallel with Islamic teachings. In view of this definition, Islamic banks are expected not to have the same philosophies and objectives as adopted by the conventional banks; but theirs must be in line with the teachings of Islam. Islamic business entities are required to engage themselves in legitimate and lawful business, and to fulfil all obligations and responsibilities. All transactions are based on the concept of honesty, justice and equity. This paper seek to examine the economic aspect of justice in terms of Islamic banking. By comparing the pertinent literature on Islamic banking and conventional banking system, this paper also seek to describe the pros and cons on the Islamic Banking practices and compare its differences with the conventional banking practices in which how its reflect justice to the whole society.

Metadata

Item Type: Book Section
Creators:
Creators
Email / ID Num.
Dahlan, Nur Khalidah
nkhalidahd@gmail.com
Yaa’kub, Noor Inayah
UNSPECIFIED
Abdul Hamid, Mohamad
UNSPECIFIED
Subjects: H Social Sciences > HG Finance > Fund raising. General works
H Social Sciences > HG Finance > Banking > Special classes of banks and financial institutions
Divisions: Universiti Teknologi MARA, Melaka > Bahagian Penyelidikan dan Jaringan Industri, UiTM Melaka
Event Title: International Conference on Islamic Business, Art, Culture & Communication (ICIBACC 2014)
Event Dates: 26 - 27
Page Range: p. 25
Keywords: Islamic banking; Conventional banking; Riba; Gharar; Maysir; Multi ethnicity
Date: 2014
URI: https://ir.uitm.edu.my/id/eprint/54376
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