(الوساطة المالية في المصارف الإسلامية (دراسة تطبيقية على بنت التمويل الكويتي في ماليزيا
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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| Summary: | 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 closet 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 ruling of Islamic Shariah and its purposes. Researchers' views varied a lot, but the researchers 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 aspects, 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. |
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