The study on Islamic credit cards (Practice by Islamic banks in Malaysia)
The practice of Islamic credit cards nowadays is still debatable among Muslim scholars especially regarding to its contracts and its effectiveness to attain maslahah. Study about Islamic credit cards is very essential and some studies have done on it. However, studying about the comparison of the va...
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| 格式: | Thesis |
| 语言: | eng eng |
| 出版: |
2014
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| 在线阅读: | https://etd.uum.edu.my/4199/1/s811831.pdf https://etd.uum.edu.my/4199/2/s811831_abstract.pdf |
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| 总结: | The practice of Islamic credit cards nowadays is still debatable among Muslim scholars especially regarding to its contracts and its effectiveness to attain maslahah. Study about Islamic credit cards is very essential and some studies have done on it. However, studying about the comparison of the various product of Islamic credit cards practiced in Malaysia in the recent year is still limited. Therefore, this paper would like to tackle this issue by comparing the various product of Islamic Credit Cards in Malaysia. From the research, the researcher found that Muslim in Malaysian cannot completely escape interest and credit even in Islamic countries, some may think it is just better to go with the flow and use it anyway, despite it being unlawful in the light of Shariah. Nevertheless, it is highly essential to try as best as possible to avoid it and the venues are available if Muslims look for them and embrace the sincerity to pursue them. Instead of submitting into the temptation of using credit card, Muslims should consider a clear alternative, for instance the debit card in order escape from the malicious trap of riba. Apart from that, debit cards can instil financial discipline that credit cards, in most cases, destroy. With a debit card, all the purchases and expenses are directly deducted from customers’ banking account. So, the expenditures are always limited to what the money in their banking account can cover. Likewise, the primary advantage of this arrangement is that customers do not get haunted, by purchases or other financial decisions they made in the past. Therefore, the usage of debit card will not only evade interest, but it will also enable Muslims to be more vigorous in controlling their financial expenditure |
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