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Alternative profit rate shariah-compliant for islamic banking

Profit is the aims for Islamic banking and conventional banking. Determination of profit in Islamic banking in Malaysia depends on the profit rate, whereas profit rate is essentially from reference rate which is known as the base rate (BR). However, the determination of the components contained i...

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Main Authors: Nadhirah, Gazali, Nurfadhlina, Abdul Halim, Puspa Liza, Ghazali
Format: Article
Language:English
Published: 2017
Subjects:
BP Islam. Bahaism. Theosophy, etc
HG Finance
Online Access:http://eprints.unisza.edu.my/5331/1/FH02-FESP-17-10305.pdf
http://eprints.unisza.edu.my/5331/
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spelling my-unisza-ir.53312022-02-13T02:20:17Z http://eprints.unisza.edu.my/5331/ Alternative profit rate shariah-compliant for islamic banking Nadhirah, Gazali Nurfadhlina, Abdul Halim Puspa Liza, Ghazali BP Islam. Bahaism. Theosophy, etc HG Finance Profit is the aims for Islamic banking and conventional banking. Determination of profit in Islamic banking in Malaysia depends on the profit rate, whereas profit rate is essentially from reference rate which is known as the base rate (BR). However, the determination of the components contained in the BR such as benchmark cost of funds and the statutory reserve requirement (SRR) is non-compliance with the Shariah because its directly proportional to the overnight policy rate (OPR). Therefore, an alternative formula for the profit rate are proposed which is known as the base profit rate (BPR). Construction of BPR formula is based on the principle that are more Shariah-compliant. 2017-09 Article PeerReviewed text en http://eprints.unisza.edu.my/5331/1/FH02-FESP-17-10305.pdf Nadhirah, Gazali and Nurfadhlina, Abdul Halim and Puspa Liza, Ghazali (2017) Alternative profit rate shariah-compliant for islamic banking. Journal of Physics, 890 (1). pp. 1-7. ISSN 1742-6596
institution Universiti Sultan Zainal Abidin
building UNISZA Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Sultan Zainal Abidin
content_source UNISZA Institutional Repository
url_provider https://eprints.unisza.edu.my/
language English
topic BP Islam. Bahaism. Theosophy, etc
HG Finance
spellingShingle BP Islam. Bahaism. Theosophy, etc
HG Finance
Nadhirah, Gazali
Nurfadhlina, Abdul Halim
Puspa Liza, Ghazali
Alternative profit rate shariah-compliant for islamic banking
description Profit is the aims for Islamic banking and conventional banking. Determination of profit in Islamic banking in Malaysia depends on the profit rate, whereas profit rate is essentially from reference rate which is known as the base rate (BR). However, the determination of the components contained in the BR such as benchmark cost of funds and the statutory reserve requirement (SRR) is non-compliance with the Shariah because its directly proportional to the overnight policy rate (OPR). Therefore, an alternative formula for the profit rate are proposed which is known as the base profit rate (BPR). Construction of BPR formula is based on the principle that are more Shariah-compliant.
format Article
author Nadhirah, Gazali
Nurfadhlina, Abdul Halim
Puspa Liza, Ghazali
author_facet Nadhirah, Gazali
Nurfadhlina, Abdul Halim
Puspa Liza, Ghazali
author_sort Nadhirah, Gazali
title Alternative profit rate shariah-compliant for islamic banking
title_short Alternative profit rate shariah-compliant for islamic banking
title_full Alternative profit rate shariah-compliant for islamic banking
title_fullStr Alternative profit rate shariah-compliant for islamic banking
title_full_unstemmed Alternative profit rate shariah-compliant for islamic banking
title_sort alternative profit rate shariah-compliant for islamic banking
publishDate 2017
url http://eprints.unisza.edu.my/5331/1/FH02-FESP-17-10305.pdf
http://eprints.unisza.edu.my/5331/
_version_ 1725976943030960128
score 13.211869

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