Financial intermediation in Islamic Banks: case study on KFH (Malaysia)

The rise of Islamic banks lacked a comprehensive study that draws the general conceptual frame for them and for the Islamic financial intermediation. As a result, many troubles evolved which relate to the field, risk, debts, monopoly, formalism, Shariah objectives, the link between trade and investm...

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Main Author:	Khalid Mohamed Abdel God
Format:	Thesis
Language:	English
Subjects:	Intermediation (Finance) > Malaysia Banks and banking > Religious aspects > Islam
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id	my-usim-ddms-12339
record_format	uketd_dc
spelling	my-usim-ddms-123392024-05-29T04:01:49Z Financial intermediation in Islamic Banks: case study on KFH (Malaysia) Khalid Mohamed Abdel God The rise of Islamic banks lacked a comprehensive study that draws the general conceptual frame for them and for the Islamic financial intermediation. As a result, many troubles evolved which relate to the field, risk, debts, monopoly, formalism, Shariah objectives, the link between trade and investment. The study aims to define the financial intermediation in Islamic banking and to treat the problems related to it, address the stands of researchers regarding it, explain the closest model to the spirit of the Islamic Shariah and its objectives, to view the practical application of Islamic financial intermediation through the Kuwait Finance House Malaysia Berhad, and to demonstrate the degree of its adherence to the Shariah rules and objectives. The researcher, in this study, used the inductive approach as he traced the sayings of scholars regarding financial intermediation in Islamic banks. He also used the descriptive method to unveil applications of Islamic financial intermediation in the Kuwait Finance Malaysia House Berhad. In addition, he used the analytical critical approach to address the sayings of researchers and their evidences and to discuss and criticize them to selectively choose. The researcher concluded some results, some of the most important are, the Islamic financial intermediation improves the financial resources of savers and utilize them through the pure and non-pure Islamic financial intermediation contracts in line with the rulings of Islamic Shariah and its purposes. Researchers’ views varied a lot, but the researcher preferred the perspective of advocates of the comprehensive Islamic banking which calls for participation by investment and to practice investment and trade in a direct manner as it is the closest to the essence of the Islamic Shariah and its objectives. On the side of the practical aspect, the researcher realized that the Kuwait Finance House Malaysia Berhad started its banking by pure and non-pure financial intermediation (loaning) while preferring the second over the first one which eventually led to debts overwhelming its activities in the beginning, and by now its activities are almost confined to debts especially foliate; despite its imaginary nature. The researcher recommended working within the comprehensive Islamic banking frame, avoiding loaning, and to quit using imaginary contracts. Universiti Sains Islam Malaysia 2013-05 Thesis en https://oarep.usim.edu.my/handle/123456789/12339 https://oarep.usim.edu.my/bitstreams/7673f22c-0070-4fa6-9fdc-4fdd936392c0/download 8a4605be74aa9ea9d79846c1fba20a33 Intermediation (Finance)--Malaysia Banks and banking--Religious aspects--Islam
institution	Universiti Sains Islam Malaysia
collection	USIM Institutional Repository
language	English
topic	Intermediation (Finance)--Malaysia Banks and banking--Religious aspects--Islam
spellingShingle	Intermediation (Finance)--Malaysia Banks and banking--Religious aspects--Islam Khalid Mohamed Abdel God Financial intermediation in Islamic Banks: case study on KFH (Malaysia)
description	The rise of Islamic banks lacked a comprehensive study that draws the general conceptual frame for them and for the Islamic financial intermediation. As a result, many troubles evolved which relate to the field, risk, debts, monopoly, formalism, Shariah objectives, the link between trade and investment. The study aims to define the financial intermediation in Islamic banking and to treat the problems related to it, address the stands of researchers regarding it, explain the closest model to the spirit of the Islamic Shariah and its objectives, to view the practical application of Islamic financial intermediation through the Kuwait Finance House Malaysia Berhad, and to demonstrate the degree of its adherence to the Shariah rules and objectives. The researcher, in this study, used the inductive approach as he traced the sayings of scholars regarding financial intermediation in Islamic banks. He also used the descriptive method to unveil applications of Islamic financial intermediation in the Kuwait Finance Malaysia House Berhad. In addition, he used the analytical critical approach to address the sayings of researchers and their evidences and to discuss and criticize them to selectively choose. The researcher concluded some results, some of the most important are, the Islamic financial intermediation improves the financial resources of savers and utilize them through the pure and non-pure Islamic financial intermediation contracts in line with the rulings of Islamic Shariah and its purposes. Researchers’ views varied a lot, but the researcher preferred the perspective of advocates of the comprehensive Islamic banking which calls for participation by investment and to practice investment and trade in a direct manner as it is the closest to the essence of the Islamic Shariah and its objectives. On the side of the practical aspect, the researcher realized that the Kuwait Finance House Malaysia Berhad started its banking by pure and non-pure financial intermediation (loaning) while preferring the second over the first one which eventually led to debts overwhelming its activities in the beginning, and by now its activities are almost confined to debts especially foliate; despite its imaginary nature. The researcher recommended working within the comprehensive Islamic banking frame, avoiding loaning, and to quit using imaginary contracts.
format	Thesis
author	Khalid Mohamed Abdel God
author_facet	Khalid Mohamed Abdel God
author_sort	Khalid Mohamed Abdel God
title	Financial intermediation in Islamic Banks: case study on KFH (Malaysia)
title_short	Financial intermediation in Islamic Banks: case study on KFH (Malaysia)
title_full	Financial intermediation in Islamic Banks: case study on KFH (Malaysia)
title_fullStr	Financial intermediation in Islamic Banks: case study on KFH (Malaysia)
title_full_unstemmed	Financial intermediation in Islamic Banks: case study on KFH (Malaysia)
title_sort	financial intermediation in islamic banks: case study on kfh (malaysia)
granting_institution	Universiti Sains Islam Malaysia
_version_	1812444835847602176

Financial intermediation in Islamic Banks: case study on KFH (Malaysia)

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