Bay‘ Al-Tawarruq Dan Aplikasinya Di Bank Muamalat Malaysia Berhad
A study of the Islamic banking products especially in the implementation of bay‘ al- tawarruq transaction shows that the purpose of that transaction is to provide liquidity to the customer such as personal financing, working capital expenditure, cash lines and credit card. However as the industr...
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| Main Authors: | , |
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| Format: | Article |
| Language: | en_US |
| Published: |
Universiti Sains Islam Malaysia
2016
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| Subjects: | |
| Online Access: | http://ddms.usim.edu.my/handle/123456789/9800 |
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| Summary: | A study of the Islamic banking products especially in the
implementation of bay‘ al- tawarruq transaction shows that the
purpose of that transaction is to provide liquidity to the customer
such as personal financing, working capital expenditure, cash lines
and credit card. However as the industry expanded widely, there is
innovative effort taken by industry player by extending the products
to involve investment and deposit instrument that provide fixed return
to the customer. As a second full fledged Islamic bank in Malaysia,
Bank Muamalat Malaysia Berhad (BMMB) is also involved in offering
products based on bay‘ al- tawarruq concept. Hence, this study
intends to study the original principles of bay‘ al- tawarruq contract
and its current applications in BMMB. The data is obtained from two
sources, secondary sources and primary sources. Among the secondary
sources used are data from libraries, reference materials such as books,
papers, journals and newspaper. For primary sources, researcher used
interviews with respective staff in BMMB. The study found that the
bay‘ al-tawarruq contract has been adopted as an alternative to replace
bay‘ al-‘īnah contract especially for financing based products offered
in BMMB. |
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