Cover Image

The role of Bank Negara Malaysia in limiting imprudent consumption

This study identifies the role that Bank Negara Malaysia plays in regulating imprudent consumption. In doing so, the author reviews the Guidelines on Responsible Financing introduced by the Bank in 2012 to regulate the consumer credit market. Since consumers are highly dependent on credit to purchas...

Full description

Saved in:
Bibliographic Details
Main Author: Musa, Muhammad Adli
Format: Article
Language:English
Published: IIUM Press 2015
Subjects:
HG4001 Financial management. Business finance. Corporation finance.
Online Access:http://irep.iium.edu.my/48712/1/688-1605-2-PB.pdf
http://irep.iium.edu.my/48712/
http://journals.iium.edu.my/intdiscourse/index.php/islam
Tags: Add Tag
No Tags, Be the first to tag this record!
id my.iium.irep.48712
record_format dspace
spelling my.iium.irep.487122016-07-18T00:23:07Z http://irep.iium.edu.my/48712/ The role of Bank Negara Malaysia in limiting imprudent consumption Musa, Muhammad Adli HG4001 Financial management. Business finance. Corporation finance. This study identifies the role that Bank Negara Malaysia plays in regulating imprudent consumption. In doing so, the author reviews the Guidelines on Responsible Financing introduced by the Bank in 2012 to regulate the consumer credit market. Since consumers are highly dependent on credit to purchase what they desire, the Bank tightened lending procedures. The author also argues that despite the claimed ethical superiority of Islamic finance, there is no apparent difference when it comes to providing loans (or rather financing) to consumers. The findings of this study suggest that such procedures reduced the growth of household borrowing and consumer loans/ financing. As such, the study concludes that Bank Negara Malaysia has an effective role to play in limiting the negative effects of imprudent consumption. IIUM Press 2015-12 Article REM application/pdf en http://irep.iium.edu.my/48712/1/688-1605-2-PB.pdf Musa, Muhammad Adli (2015) The role of Bank Negara Malaysia in limiting imprudent consumption. Intellectual Discourse, 23 (S). pp. 475-494. ISSN 0128-4878 http://journals.iium.edu.my/intdiscourse/index.php/islam
institution Universiti Islam Antarabangsa Malaysia
building IIUM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider International Islamic University Malaysia
content_source IIUM Repository (IREP)
url_provider http://irep.iium.edu.my/
language English
topic HG4001 Financial management. Business finance. Corporation finance.
spellingShingle HG4001 Financial management. Business finance. Corporation finance.
Musa, Muhammad Adli
The role of Bank Negara Malaysia in limiting imprudent consumption
description This study identifies the role that Bank Negara Malaysia plays in regulating imprudent consumption. In doing so, the author reviews the Guidelines on Responsible Financing introduced by the Bank in 2012 to regulate the consumer credit market. Since consumers are highly dependent on credit to purchase what they desire, the Bank tightened lending procedures. The author also argues that despite the claimed ethical superiority of Islamic finance, there is no apparent difference when it comes to providing loans (or rather financing) to consumers. The findings of this study suggest that such procedures reduced the growth of household borrowing and consumer loans/ financing. As such, the study concludes that Bank Negara Malaysia has an effective role to play in limiting the negative effects of imprudent consumption.
format Article
author Musa, Muhammad Adli
author_facet Musa, Muhammad Adli
author_sort Musa, Muhammad Adli
title The role of Bank Negara Malaysia in limiting imprudent consumption
title_short The role of Bank Negara Malaysia in limiting imprudent consumption
title_full The role of Bank Negara Malaysia in limiting imprudent consumption
title_fullStr The role of Bank Negara Malaysia in limiting imprudent consumption
title_full_unstemmed The role of Bank Negara Malaysia in limiting imprudent consumption
title_sort role of bank negara malaysia in limiting imprudent consumption
publisher IIUM Press
publishDate 2015
url http://irep.iium.edu.my/48712/1/688-1605-2-PB.pdf
http://irep.iium.edu.my/48712/
http://journals.iium.edu.my/intdiscourse/index.php/islam
_version_ 1643613412551294976
score 13.211869

Similar Items