Protecting the interest of profit-sharing investment account holders in Islamic banks: the Nigerian experience

• Main Authors: Ya’u, Isah, Rosman, Romzie, Ashurov, Sharofiddin
• Format: Article
• Language: English
• Published: Smart Ever Konferans Organizasyon Limited 2020
• Subjects: BP322.3 Musharakah - Partnership; HG3368 Islamic Banking and Finance
• Online Access: http://irep.iium.edu.my/83219/1/83219_Protecting%20the%20Interest%20of%20Profit-Sharing.pdf; http://irep.iium.edu.my/83219/; https://irtes.org/Journals.aspx

Islamic banks (IBs) have three major sources of funds namely: shareholders' funds, transaction deposits and Mudaraba deposits (by profit-sharing investment account holders-PSIAHs). Shareholders have their interest protected by the IBs’ directors, transactional accounts deposits are guaranteed b...