An application of shariah contract on Islamic retail investment products an overview on Malaysia practice

Ahmad Aizuddin Hamzah and Farah Shazwani Ruzaiman and Haneffa Muchlis Gazali (2014) An application of shariah contract on Islamic retail investment products an overview on Malaysia practice. Journal of Islamic Banking and Finance Oct-Dec 2014, 31 (4). pp. 105-111. ISSN 1814-8042

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Abstract

The Islamic investment deposit product is one of the tools which increases the capital source of the Islamic financing facilities. As an alternative to the conventional interest-based investment deposit product, the Islamic bank used the profit sharing analysis or also known as Mudarabah contract for their investment product. But, despite a few issues with Mudarabah investment deposit product and additional rules of the Islamic Financial Service Act 2013 on the Islamic deposit product, many Islamic bank looks at other alternative on their investment deposit facility. Therefore, the introduction of commodity Murabaha or Tawarruq-based deposit could be the best alternative to take its place. Hence, this paper aims to explore the current Islamic deposit products which are available in Malaysia market. The discussion will include the shariah contract used, the product mechanism and framework and the differences.

Item Type:	Article
Keyword:	Mudarabah, Islamic Finance, Investment Products, Islamic Banking
Subjects:	B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc > BP1-610 Islam. Bahai Faith. Theosophy, etc. > BP1-253 Islam > BP100-(157) Sacred books H Social Sciences > HG Finance > HG1-9999 Finance > HG8011-9999 Insurance > HG8751-9295 Life insurance > HG8779-8793 Actuarial science. Statistical theory and methodology applied to insurance
Department:	FACULTY > Labuan Faculty of International Finance
Depositing User:	JUNAINE JASNI -
Date Deposited:	15 Aug 2025 11:31
Last Modified:	15 Aug 2025 11:31
URI:	https://eprints.ums.edu.my/id/eprint/44959

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