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Middle East bank and their challenge operation in Malaysia: A case study on Kuwait Finance House Malaysia Berhad

This research attempts to understand the history of first foreign Islamic bank that operate in Malaysia.The bank was Kuwait Finance House Malaysia Berhad (KFHMB).The focus is on how KFHMB implement musharakah mutanaqisah concept for home financing product.This paper will discus on how this syariah c...

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Main Authors:	Shuib, Mohd Sollehudin, Sulaiman@Mohamad, Ahmad Azam, Mohamad, Mohammad Taqiuddin
Format:	Article
Language:	English
Published:	Academic Journals 2011
Subjects:	HD28 Management. Industrial Management
Online Access:	http://repo.uum.edu.my/10513/1/MS1.pdf http://repo.uum.edu.my/10513/ http://www.academicjournals.org/journal/AJBM/edition/4_June_2011
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id	my.uum.repo.10513
record_format	eprints
spelling	my.uum.repo.105132016-04-24T07:58:37Z http://repo.uum.edu.my/10513/ Middle East bank and their challenge operation in Malaysia: A case study on Kuwait Finance House Malaysia Berhad Shuib, Mohd Sollehudin Sulaiman@Mohamad, Ahmad Azam Mohamad, Mohammad Taqiuddin HD28 Management. Industrial Management This research attempts to understand the history of first foreign Islamic bank that operate in Malaysia.The bank was Kuwait Finance House Malaysia Berhad (KFHMB).The focus is on how KFHMB implement musharakah mutanaqisah concept for home financing product.This paper will discus on how this syariah concept run on Islamic home financing product, their advantages, issues and challenges that was face by KFHMB. This research also focuses on determining Musharakah Mutanaqisah itself.This research shows that home financing through musharakah mutanaqisah is a new product in Malaysia, offered from 2005 by KFHMB. Musharakah Mutanaqisah was a hybrid contract and created by some element like ijarah, al-bay‘, musharakah. This research also shows that this respondent banks offer the product with their own style in certain part in the same time related with Malaysia buying and selling house tradition.This situation affected institutions from different background and how they run their product. This study also proposes how KFHMB solve the issues and challenges from product offering. Academic Journals 2011-06 Article PeerReviewed application/pdf en http://repo.uum.edu.my/10513/1/MS1.pdf Shuib, Mohd Sollehudin and Sulaiman@Mohamad, Ahmad Azam and Mohamad, Mohammad Taqiuddin (2011) Middle East bank and their challenge operation in Malaysia: A case study on Kuwait Finance House Malaysia Berhad. African Journal of Business Management, 5 (11). pp. 4000-4006. ISSN 1993-8233 http://www.academicjournals.org/journal/AJBM/edition/4_June_2011
institution	Universiti Utara Malaysia
building	UUM Library
collection	Institutional Repository
continent	Asia
country	Malaysia
content_provider	Universiti Utara Malaysia
content_source	UUM Institutionali Repository
url_provider	http://repo.uum.edu.my/
language	English
topic	HD28 Management. Industrial Management
spellingShingle	HD28 Management. Industrial Management Shuib, Mohd Sollehudin Sulaiman@Mohamad, Ahmad Azam Mohamad, Mohammad Taqiuddin Middle East bank and their challenge operation in Malaysia: A case study on Kuwait Finance House Malaysia Berhad
description	This research attempts to understand the history of first foreign Islamic bank that operate in Malaysia.The bank was Kuwait Finance House Malaysia Berhad (KFHMB).The focus is on how KFHMB implement musharakah mutanaqisah concept for home financing product.This paper will discus on how this syariah concept run on Islamic home financing product, their advantages, issues and challenges that was face by KFHMB. This research also focuses on determining Musharakah Mutanaqisah itself.This research shows that home financing through musharakah mutanaqisah is a new product in Malaysia, offered from 2005 by KFHMB. Musharakah Mutanaqisah was a hybrid contract and created by some element like ijarah, al-bay‘, musharakah. This research also shows that this respondent banks offer the product with their own style in certain part in the same time related with Malaysia buying and selling house tradition.This situation affected institutions from different background and how they run their product. This study also proposes how KFHMB solve the issues and challenges from product offering.
format	Article
author	Shuib, Mohd Sollehudin Sulaiman@Mohamad, Ahmad Azam Mohamad, Mohammad Taqiuddin
author_facet	Shuib, Mohd Sollehudin Sulaiman@Mohamad, Ahmad Azam Mohamad, Mohammad Taqiuddin
author_sort	Shuib, Mohd Sollehudin
title	Middle East bank and their challenge operation in Malaysia: A case study on Kuwait Finance House Malaysia Berhad
title_short	Middle East bank and their challenge operation in Malaysia: A case study on Kuwait Finance House Malaysia Berhad
title_full	Middle East bank and their challenge operation in Malaysia: A case study on Kuwait Finance House Malaysia Berhad
title_fullStr	Middle East bank and their challenge operation in Malaysia: A case study on Kuwait Finance House Malaysia Berhad
title_full_unstemmed	Middle East bank and their challenge operation in Malaysia: A case study on Kuwait Finance House Malaysia Berhad
title_sort	middle east bank and their challenge operation in malaysia: a case study on kuwait finance house malaysia berhad
publisher	Academic Journals
publishDate	2011
url	http://repo.uum.edu.my/10513/1/MS1.pdf http://repo.uum.edu.my/10513/ http://www.academicjournals.org/journal/AJBM/edition/4_June_2011
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score	13.211869

Middle East bank and their challenge operation in Malaysia: A case study on Kuwait Finance House Malaysia Berhad

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