An Analysis of Late Payment Charge On Defaulters in Islamic Banking and Finance: A Malaysian Perspective
Under conventional banking, a debtor who defaults in instalment payment or pays later than the agreed time, will have to pay a charge of interest. However, in Islamic banking and finance, such interest is clearly caught by the prohibition of riba. As an alternative to the charge of interest, Isla...
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| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
2014
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| Subjects: | |
| Online Access: | http://eprints.unisza.edu.my/4820/1/FH02-FLAIR-15-02995.pdf http://eprints.unisza.edu.my/4820/ |
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