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The possibility of application of salam in Malaysian Islamic banking system

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dc.contributor.authorNik Nurul Atiqah Nik Yusuf
dc.contributor.authorRusni Hassan
dc.contributor.authorAishath Muneeza
dc.date.accessioned2017-02-01T14:54:04Z
dc.date.available2017-02-01T14:54:04Z
dc.date.issued2011
dc.description.abstractThis research aims to explore the theoretical nature of salam contract in depth, the extent of its use in the banking arena of Malaysia and to test the theoretical feasibility of its future application by the Islamic banks in Malaysia by suggesting an Islamic banking product structure based on salam contract. Salam contract is more susceptible to risks than the rest of the Islamic commercial contracts used by the Islamic banks in Malaysia and none of the Islamic banks in the country utilize this type of contract as a mode of financing. However, the research indicates that a feasible banking product based on salam contract could be formulated to help poor farmers in the country. To prove this a new model product based on salam contract to help farmers is created by the authors and the pros and cons of the product with the risk mitigating ways are explored. It is found that theoretically, this product is workable. This research will complement the knowledge based on practical applicability of salam and is targeted to the Islamic financial Institutions in Malaysia, who are the prospective beneficiaries.en_US
dc.identifier.citationMuneeza, A., Nik Yusuf, N. N. A., & Hassan, R. (2011). The possibility of application of salam in Malaysian Islamic banking system. Humanomics, 27(2), 138-147. https://doi.org/10.1108/08288661111135135en_US
dc.identifier.doihttps://doi.org/10.1108/08288661111135135
dc.identifier.urihttps://ikr.inceif.edu.my/handle/INCEIF/2196
dc.languageEnglish
dc.language.isoengen_US
dc.publisherEmeralden_US
dc.rights2011. Emerald
dc.sourceSEDONA
dc.subjectBankingen_US
dc.subjectIslamen_US
dc.subjectMalaysiaen_US
dc.subjectFinancingen_US
dc.subjectFinancial risken_US
dc.titleThe possibility of application of salam in Malaysian Islamic banking systemen_US
dc.typeJournal Articleen_US
dlc.maintopicIslamic bankingen_US
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.topic.maintopicIslamic bankingen_US
relation.isAuthorOfPublication81014255-5cb8-46bc-ad81-bf6d8a3a0702
relation.isAuthorOfPublication81014255-5cb8-46bc-ad81-bf6d8a3a0702
relation.isAuthorOfPublication81014255-5cb8-46bc-ad81-bf6d8a3a0702
relation.isAuthorOfPublication.latestForDiscovery81014255-5cb8-46bc-ad81-bf6d8a3a0702
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