The Fundamentals of Islamic Banking and Finance: A Prologue

Razak, Abd

doi:10.13135/2421-2172/790

Cited by 3 publications

(1 citation statement)

References 21 publications

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“…However, the benefits and harms to the general public are equally important (Ismail & Pa, 2015). Islamic Financial Institutions must operate with Maqasid Syariah, which includes the prohibition of "Riba, Gharar, Maysir, and Hilah," as well as business ethics such as fairness and transparency (Abd Razak, 2015). With its focus on profitand-loss sharing and prohibition of interest-based financial transactions, Islamic finance has entered a new, bright development stage.…”

Section: Introductionmentioning

confidence: 99%

Challenges in the Implementation of Mudharabah Financing in the Islamic Banking Industry

KHALİFAH,

ASLAN,

ABDULLAH

2024

Ekinoks

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In recent decades, the proliferation of Islamic banking has rendered it a significant entity in the global financial arena, captivating numerous entrepreneurs and businesses with its ethically distinctive financing alternatives. Several Islamic financial institutions adhere robustly to the profit-sharing principle, notably via mudharabah, in product financing. This research paper explains why mudharabah contracts are used in Islamic banking products, focusing on financing schemes, literacy, and the lack of equal access to information. Moreover, within the context of Islamic FinTech, this research highlights high business risk as a pronounced impediment to the efficacious implementation of mudharabah. In addition, this study offers a rigorous analysis of the issues and challenges endemic to mudharabah financing, venturing into perspectives from regulators and Islamic bank customers. This paper utilized a literature review methodology, and data extracted from relevant literature is systematically analyzed to evaluate mudharabah products as a viable business financing model. Conclusively, the insights derived from this research are positioned to formulate strategic recommendations, fostering advancements in implementing mudharabah contracts within Islamic product financing.

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Section: Introductionmentioning

confidence: 99%

Challenges in the Implementation of Mudharabah Financing in the Islamic Banking Industry

KHALİFAH,

ASLAN,

ABDULLAH

2024

Ekinoks

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Best Sharia Bank in Indonesia: An Analytical Hierarchy Process (Ahp) Approach

Jihadi

Vilantika

Sholichah³

et al. 2021

IJAHP

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This study aims to determine the performance of Islamic commercial banks in Indonesia using the following assessment criteria: capital, asset quality, efficiency, liquidity, Sharia Conformity & Profitability (SCnP), and the Maqasid Index. The sample includes the five best Sharia banks in Indonesia. All the data are obtained based on the annual reports of each bank taken from the bank's websites in 2019. Data were analyzed using the Analytical Hierarchy Process (AHP) method. This tool helps make decisions from several alternative choices of sharia bank institutions. The results show that Bank Muamalat Indonesia, Bank Syariah Mandiri, and BRI Syariah are the three best performing Sharia banks in 2019.

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Involvement of Women in Islamic Finance in Pakistan

Nasir,

Zafar,

Nawaz

2023

Advances in Logistics, Operations, and Management Science

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The purpose of the study is to explore challenges facing by women and avenues of future prospects available for women in Islamic finance in Pakistan. To achieve the purpose of the study, in-depth interviews from women working in academia and industry associated with Islamic finance were conducted through purposive and snowball sampling. The findings revealed that women prefer to earn HALAL money as a source of income and they have an opportunity to work in Islamic bank rather than traditional bank. Unfortunately, due to male-dominated society, women face inequalities at the workplace as well. Along with having challenges, obstacles and gender stereotype issues, women are trying to overcome the barriers. The findings of this study may motivate women to get education in order to assess their future potential in both academics and industry of Islamic finance in Pakistan. Moreover, this study draws the attention of government and regulatory agencies to develop policies that support women, and increasing the proportion of women in the Islamic finance sector.

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The Fundamentals of Islamic Banking and Finance: A Prologue

Cited by 3 publications

References 21 publications

Challenges in the Implementation of Mudharabah Financing in the Islamic Banking Industry

Challenges in the Implementation of Mudharabah Financing in the Islamic Banking Industry

Best Sharia Bank in Indonesia: An Analytical Hierarchy Process (Ahp) Approach

Involvement of Women in Islamic Finance in Pakistan

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