The demand for asset financing facilities offered by Bank Islam Malaysia Berhad / Norasamiah Salleh

The principles of Islamic Banking System were established in the Quran 14centuries ago. The emergence of the system is often related to the revival of Islam and the desire of Muslim to live all aspects of their lives in accordance with the teachings of Islam. The conventional financial system plays a very important function in the mobilization of deposit and the allocation of loans. The conventional financial system are also the basis for the operation of the financial system. Islamic forbids interest charges, regarding them as inequitable, resulting in a system of funds allocation which is not based on priority of needs. The conventional financial system are also held to have led to the society as a whole failing into debts. All banking facilities and products which are currently provided by the conventional commercial bank can be carried out by the Islamic Banking, but these facilities and products do not involve.