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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 in t...

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Main Authors: Puspa Liza, Ghazali, Gazali, N, Halim, N.A
Format: Conference or Workshop Item
Language:English
Published: 2017
Subjects:
HA Statistics
HG Finance
Online Access:http://eprints.unisza.edu.my/1478/1/FH03-FESP-17-10492.jpg
http://eprints.unisza.edu.my/1478/
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spelling my-unisza-ir.14782020-11-17T02:17:02Z http://eprints.unisza.edu.my/1478/ Alternative profit rate shariah-compliant for islamic banking Puspa Liza, Ghazali Gazali, N Halim, N.A HA Statistics 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 Conference or Workshop Item NonPeerReviewed image en http://eprints.unisza.edu.my/1478/1/FH03-FESP-17-10492.jpg Puspa Liza, Ghazali and Gazali, N and Halim, N.A (2017) Alternative profit rate shariah-compliant for islamic banking. In: 1st International Conference on Applied and Industrial Mathematics and Statistics 2017, ICoAIMS 2017;, 8-10 August 2017, Vistana City Centre Kuantan, Pahang;.
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 HA Statistics
HG Finance
spellingShingle HA Statistics
HG Finance
Puspa Liza, Ghazali
Gazali, N
Halim, N.A
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 Conference or Workshop Item
author Puspa Liza, Ghazali
Gazali, N
Halim, N.A
author_facet Puspa Liza, Ghazali
Gazali, N
Halim, N.A
author_sort Puspa Liza, Ghazali
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/1478/1/FH03-FESP-17-10492.jpg
http://eprints.unisza.edu.my/1478/
_version_ 1684657705543794688
score 13.18916

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