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Islamic banking system in Malaysia: How workable it is? / Mohd Najib Mohd Saad

"Those who benefit from interest shall be raised like those who have been driven to madness by the touch of the of the Devil; this is because they say:"Trade is like interest." While God has permitted trade and forbidden interest.Hence those who have received the admonition from their...

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Main Author: Mohd Saad, Mohd Najib
Format: Thesis
Language:English
Published: 1994
Subjects:
Banks and the state. State supervision of banks
Online Access:https://ir.uitm.edu.my/id/eprint/102287/1/102287.PDF
https://ir.uitm.edu.my/id/eprint/102287/
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spelling my.uitm.ir.1022872025-01-23T01:30:15Z https://ir.uitm.edu.my/id/eprint/102287/ Islamic banking system in Malaysia: How workable it is? / Mohd Najib Mohd Saad Mohd Saad, Mohd Najib Banks and the state. State supervision of banks "Those who benefit from interest shall be raised like those who have been driven to madness by the touch of the of the Devil; this is because they say:"Trade is like interest." While God has permitted trade and forbidden interest.Hence those who have received the admonition from their Lord and desist, may have what has already passed,their case being entrusted to God; but those who revert shall be the inhabitants of the fire and abide therein forever." (Surah Al-Baqarah, verse 275-281) The principles of Islamic Banking System were established in the Quran 14 centuries ago. The emergence of the system is often related to the revival of Islam and the desire of Muslims to live all aspects of their lives in accordance with the teachings of Islam. Now, an organization of financial institutions operating on these principles has existed worldwide and more formal coordination could result in a nearly global Islamic financial network. Since the establishment of the Dubai Islamic Bank and the multinational Islamic Development Bank in 1975, over 100 such banks have opened for business worldwide. These banks have attracted deposits estimated at over $10 billion; In Malaysia, the Islamic bank established in the country, Bank Islam Malaysia Berhad commenced its operation on March 1, 1983 1994 Thesis NonPeerReviewed text en https://ir.uitm.edu.my/id/eprint/102287/1/102287.PDF Islamic banking system in Malaysia: How workable it is? / Mohd Najib Mohd Saad. (1994) Advanced Diploma thesis, thesis, Universiti Teknologi MARA. <http://terminalib.uitm.edu.my/102287.pdf>
institution Universiti Teknologi Mara
building Tun Abdul Razak Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Teknologi Mara
content_source UiTM Institutional Repository
url_provider http://ir.uitm.edu.my/
language English
topic Banks and the state. State supervision of banks
spellingShingle Banks and the state. State supervision of banks
Mohd Saad, Mohd Najib
Islamic banking system in Malaysia: How workable it is? / Mohd Najib Mohd Saad
description "Those who benefit from interest shall be raised like those who have been driven to madness by the touch of the of the Devil; this is because they say:"Trade is like interest." While God has permitted trade and forbidden interest.Hence those who have received the admonition from their Lord and desist, may have what has already passed,their case being entrusted to God; but those who revert shall be the inhabitants of the fire and abide therein forever." (Surah Al-Baqarah, verse 275-281) The principles of Islamic Banking System were established in the Quran 14 centuries ago. The emergence of the system is often related to the revival of Islam and the desire of Muslims to live all aspects of their lives in accordance with the teachings of Islam. Now, an organization of financial institutions operating on these principles has existed worldwide and more formal coordination could result in a nearly global Islamic financial network. Since the establishment of the Dubai Islamic Bank and the multinational Islamic Development Bank in 1975, over 100 such banks have opened for business worldwide. These banks have attracted deposits estimated at over $10 billion; In Malaysia, the Islamic bank established in the country, Bank Islam Malaysia Berhad commenced its operation on March 1, 1983
format Thesis
author Mohd Saad, Mohd Najib
author_facet Mohd Saad, Mohd Najib
author_sort Mohd Saad, Mohd Najib
title Islamic banking system in Malaysia: How workable it is? / Mohd Najib Mohd Saad
title_short Islamic banking system in Malaysia: How workable it is? / Mohd Najib Mohd Saad
title_full Islamic banking system in Malaysia: How workable it is? / Mohd Najib Mohd Saad
title_fullStr Islamic banking system in Malaysia: How workable it is? / Mohd Najib Mohd Saad
title_full_unstemmed Islamic banking system in Malaysia: How workable it is? / Mohd Najib Mohd Saad
title_sort islamic banking system in malaysia: how workable it is? / mohd najib mohd saad
publishDate 1994
url https://ir.uitm.edu.my/id/eprint/102287/1/102287.PDF
https://ir.uitm.edu.my/id/eprint/102287/
_version_ 1823097806304313344
score 13.235544

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