Pendefinisian Semula Konsep Hutang Produktif Ke Arah Gaya Hidup Halal
The implementation of Musyarakat Mutanaqisat financing contract in Malaysia is still inadequate compared to other countries such as those in the Middle East. In Malaysia, there are 10 Islamic local banks comprise of Affin Islamic Bank Berhad, Maybank Islamic Berhad, CIMB Islamic Bank Berhad, Hong...
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| Main Authors: | , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2017
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| Subjects: | |
| Online Access: | http://eprints.unisza.edu.my/1025/1/FH03-FESP-18-12821.pdf http://eprints.unisza.edu.my/1025/ |
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| Summary: | The implementation of Musyarakat Mutanaqisat financing contract in Malaysia is still
inadequate compared to other countries such as those in the Middle East. In Malaysia, there
are 10 Islamic local banks comprise of Affin Islamic Bank Berhad, Maybank Islamic Berhad,
CIMB Islamic Bank Berhad, Hong Leong Islamic Bank Berhad, RHB Islamic Bank Berhad and
others. However, this article only focuses on two local banks (Affin Islamic Bank Berhad & RHB
Islamic Bank Berhad) which offer the Musyarakat Mutanaqisat home financing contract. The
implementation of Musyarakat Mutanaqisat home financing contract is less favoured by local
banks in Malaysia because it brings higher risk compared to other home financing contracts
(Mahmood Muhammad, 2014). The high risk has to be borne by the banks especially due to
the sharing element in Musyarakat Mutanaqisat home financing contract (Rulindo, 2009). Is
this statement true? If so, what are the actions that banks need to take in order to control
these risks? This article aims to identify, analyse, and summarise the risk management in the
implementation of Musyarakat Mutanaqisat home financing contract in local banks in
Malaysia. A total of four informants comprising two selected Islamic banking officers from
Affin Islamic Bank Berhad and RHB Islamic Bank Berhad as well as two academic experts in
the field of Islamic banking are involved in the discussion of the implementation of risk
management in the Musyarakat Mutanaqisat home financing contract. Semi-structured
interviews are conducted on the informants by using purposive sampling method. The
findings of this article comprise of discussions on the types of risks inherent in the Musyarakat
Mutanaqisat home financing contract. The risks consist of credit risk, liquidity risk, Syariah
risk, operational risk and investment equity risk. The risk management of the Musyarakat
Mutanaqisat home financing contract by Islamic banking institutions includes three stages
namely the early stage of the agreement, the current stage of the agreement and the final
stage of the agreement |
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