A Review of Islamic Credit Card Using Bay' Al-'Inah and Tawarruq Instrument as Adopted by Some Malaysian Financial Institution
Islamic credit card or better known as Credit Card-i is one of the alternative banking products introduced by Islamic financial institutions in Malaysia to substitute the conventional credit card. This paper aims at reviewing the bay' al-'inah and tawarruq structure as applied by Islami...
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| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Universiti Sains Islam Malaysia
2012
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| Subjects: | |
| Online Access: | http://ddms.usim.edu.my/handle/123456789/5391 |
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| Summary: | Islamic credit card or better known as Credit Card-i is one of the alternative banking
products introduced by Islamic financial institutions in Malaysia to substitute the
conventional credit card. This paper aims at reviewing the bay' al-'inah and tawarruq
structure as applied by Islamic Financial Institutions in Malaysia from Shariah
Compliance perspectives. The method used is descriptive and positive analytical
criticism which aims at improving the existing structure. |
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