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Issues of form and substance in Islamic banking and financial transactions

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dc.contributor.authorSaleem, Muhammad Yusuf
dc.date.accessioned2016-09-19T07:47:56Z
dc.date.available2016-09-19T07:47:56Z
dc.date.disclosure2/8/2016
dc.date.issued2013
dc.description.abstractThere is growing criticism levelled against Islamic banking and financial products where industry critics argue that Islamic banks' deposit and finance products are the eaxt replicas of their conventional counterparts in substance. The difference, they contend, is only in the "form" where some English terms are replaced by Arabic ones. They contend that the gift (hibah) given by Islamic banks to their wadi'ah account holders and profit share given to the mudharabah investment account holders resemble interest which conventional banks give to their savings account holders.
dc.identifier.citationSaleem, Muhammad Yusuf. (2013). Issues of form and substance in Islamic banking and financial transactions. In Mohammad Hashim Kamali & Sheila Ainon Yussof (Eds.) , Islamic transactions and finance: principles and developments (pp. 247-260). Ampang, Selangor: Malaysian Current Law Journal (MCLJ).
dc.identifier.isbn9789670000000
dc.identifier.urihttps://ikr.inceif.edu.my/handle/INCEIF/1915
dc.languageEnglish
dc.language.isoen
dc.publisherMalaysian Current Law Journal Sdn Bhd
dc.rights2013. Malaysian Current Law Journal Sdn Bhd
dc.sourceCRP
dc.subjectIslamic finance
dc.subjectFinance (Islamic law)
dc.subjectIslamic banking
dc.subjectBanking (Islamic law)
dc.subjectMalaysia
dc.titleIssues of form and substance in Islamic banking and financial transactions
dc.typeChapter in Book
dlc.maintopicIslamic banking
dspace.entity.typePublication
ikr.doctypeScholarly Works
ikr.licenseAvailable in physical copy only
ikr.topic.maintopicIslamic banking
ikr.topic.subtopicIslamic banking
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