What is it about?
The discussion demonstrates that it is essential to have a banking system based on Shariah principles which fulfill needs of Muslim consumers.
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Why is it important?
More and more instruments are necessary to provide options to Muslim consumers who are shariah comliant people.
Perspectives
The availability of various personal financing instruments in Islamic banks allows Muslim consumers to achieve their financing needs. Moving forward, more variety of instruments which invite less Shariah issues must be offered in the market to ensure a more vibrant Islamic banking system.
Research Professor Dr. Khaliq Ahmad
Putra Business School-UPM-Malaysia
Read the Original
This page is a summary of: Contracts, Structures, and Computation Mechanisms of Islamic Bank Retail Financing Products: A Critical Assessment, October 2016, Springer Science + Business Media,
DOI: 10.1007/978-3-319-45910-3_5.
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