Debt management program for banking and Islamic banking facilities in Malaysia: from the Sharī'ah and legal perspective
This chapter aims to provide a conceptual analysis of the Debt Management Program (DMP) which is under the purview of Agensi Kaunseling dan Pengurusan Kredit (AKPK). The research is based on a qualitative approach adopting the method of contextual analysis based on works of literature concerning DMP...
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| Main Authors: | , , |
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| Other Authors: | |
| Format: | Book Chapter |
| Language: | en |
| Published: |
IIiBF, International Islamic University of Malaysia
2018
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| Subjects: | |
| Online Access: | http://irep.iium.edu.my/94097/1/94097_Debt%20management%20program%20for%20banking%20and%20Islamic.pdf http://irep.iium.edu.my/94097/ |
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| Summary: | This chapter aims to provide a conceptual analysis of the Debt Management Program (DMP) which is under the purview of Agensi Kaunseling dan Pengurusan Kredit (AKPK). The research is based on a qualitative approach adopting the method of contextual analysis based on works of literature concerning DMP in Malaysia. Relevant effort induced by the AKPK will be highlighted in this study to provide an insight on how the DMP program in Malaysia is arranged. Furthermore, this chapter will also look at the Sharīʿah and legal issues in DMP to unravel the grey areas which require future focus of researchers. The chapter will provide information on debt from Sharīʿah perspective and the issues related to the practicality of the DMP. It will further recognize the need for constructing DMP for Islamic financing. However, the research is not an exhaustive study, as it only focuses on the practice of Islamic financial services in Malaysia. The findings of this study will provide a very useful source of information on the current state of debt management in Malaysia. In addition, it will further offer practical solutions to overcome any shortcoming with the current practice of DMP. This research will provide an avenue for the future research on DMP. |
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