Commodity murabahah as an underlying concept for demand deposit structure /

Malaysia is the leading Islamic finance hub, but has a dual-banking system that needs to be addressed by Islamic financial institutions (IFIs). And although IFIs in Malaysia have been resilient and competitive against its conventional counterpart, the enactment of the Islamic Financial Services Act...

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Bibliographic Details
Main Author: Suhaib bin Torla
Format: Thesis
Language:English
Published: Kuala Lumpur : IIUM Institute of Islamic Banking and Finance, International Islamic University Malaysia, 2016
Subjects:
Online Access:Click here to view 1st 24 pages of the thesis. Members can view fulltext at the specified PCs in the library.
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100 0 |a Suhaib bin Torla 
245 1 |a Commodity murabahah as an underlying concept for demand deposit structure /  |c by Suhaib bin Torla 
260 |a Kuala Lumpur :  |b IIUM Institute of Islamic Banking and Finance, International Islamic University Malaysia,  |c 2016 
300 |a xiii, 99 leaves :  |b ill. ;  |c 30cm. 
502 |a Thesis (MIBF)--International Islamic University Malaysia, 2016. 
504 |a Includes bibliographical references (leaves 95-98). 
520 |a Malaysia is the leading Islamic finance hub, but has a dual-banking system that needs to be addressed by Islamic financial institutions (IFIs). And although IFIs in Malaysia have been resilient and competitive against its conventional counterpart, the enactment of the Islamic Financial Services Act 2013 (the Act) has made a huge short-term impact on IFIs, particularly with respect to its liquidity and liability management. The case is due to the restrictions imposed by Wadīʻah and Qarḍ-based deposits, where promising returns or any kind of benefit will tantamount to ribā which is prohibited in Islam. This has made IFIs in Malaysia unable to compete with the conventional counterparts, in terms of attracting low cost funds. As the method of attracting low cost funding is vital for IFIs to remain competitive in Malaysia's dual-banking system, this research attempts to structure a demand deposit product based on Commodity Murābaḥah which will enable IFIs to command back the market share of deposits. 
596 |a 1 4 
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690 |a Dissertations, Academic  |x Institute of Islamic Banking and Finance.  |z IIUM 
710 2 |a International Islamic University Malaysia.  |b Institute of Islamic Banking and Finance. 
856 4 |u https://lib.iium.edu.my/mom/services/mom/document/getFile/JDdwT8QfBaRa4oV89Pu7zzWZ4dIffY8T20170406091313422  |z Click here to view 1st 24 pages of the thesis. Members can view fulltext at the specified PCs in the library. 
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