Malaysian Islamic bankers' perceptions of al-Qard al-Hasan

This paper studies the perceptions of Islamic bankers in Malaysia about the concept and operation of al-qard al-hasan. It is based on a questionnaire survey of 13 full-fledged Islamic banks in Malaysia to which there was a 46.9% response rate. The findings show that the Islamic bankers in Malaysia...

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Main Authors:	Mohd Ariffin, Noraini, Adnan, Muhammad Akhyar
Format:	Article
Language:	English
Published:	International Association for Islamic Economics 2011
Subjects:	HG1501 Banking
Online Access:	http://irep.iium.edu.my/28988/ http://irep.iium.edu.my/28988/1/RIE-2011-15-2-ARIFFIN-MALAYSIAN_ISLAMIC_BANKERS_PERCEPTION_OF_AL_QARD_AL_HASAN.pdf

id	iium-28988
recordtype	eprints
spelling	iium-289882013-07-15T06:43:37Z http://irep.iium.edu.my/28988/ Malaysian Islamic bankers' perceptions of al-Qard al-Hasan Mohd Ariffin, Noraini Adnan, Muhammad Akhyar HG1501 Banking This paper studies the perceptions of Islamic bankers in Malaysia about the concept and operation of al-qard al-hasan. It is based on a questionnaire survey of 13 full-fledged Islamic banks in Malaysia to which there was a 46.9% response rate. The findings show that the Islamic bankers in Malaysia are familiar with al-qard al-hasan and that they agree that Islamic banks should offer al-qard al-hasan in order to enhance corporate social responsibility and to help needy people. However, due to zero profit elements and high risk, it is very difficult to offer al-qard al-hasan. The paper concludes that Islamic banks need to diversify the products and services they offer so as to balance their orientation to profit with a stronger commitment to products and services, like al-qard al-hasan that will demonstrate their status as Islamic entities and improve their public image through good corporate social responsibility. However, offering zero profit and high risk services entails improvements in policy and operational guidelines. International Association for Islamic Economics 2011 Article PeerReviewed application/pdf en http://irep.iium.edu.my/28988/1/RIE-2011-15-2-ARIFFIN-MALAYSIAN_ISLAMIC_BANKERS_PERCEPTION_OF_AL_QARD_AL_HASAN.pdf Mohd Ariffin, Noraini and Adnan, Muhammad Akhyar (2011) Malaysian Islamic bankers' perceptions of al-Qard al-Hasan. Review of Islamic Economics, 15 (2). pp. 97-111. ISSN 0962-2055
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HG1501 Banking
spellingShingle	HG1501 Banking Mohd Ariffin, Noraini Adnan, Muhammad Akhyar Malaysian Islamic bankers' perceptions of al-Qard al-Hasan
description	This paper studies the perceptions of Islamic bankers in Malaysia about the concept and operation of al-qard al-hasan. It is based on a questionnaire survey of 13 full-fledged Islamic banks in Malaysia to which there was a 46.9% response rate. The findings show that the Islamic bankers in Malaysia are familiar with al-qard al-hasan and that they agree that Islamic banks should offer al-qard al-hasan in order to enhance corporate social responsibility and to help needy people. However, due to zero profit elements and high risk, it is very difficult to offer al-qard al-hasan. The paper concludes that Islamic banks need to diversify the products and services they offer so as to balance their orientation to profit with a stronger commitment to products and services, like al-qard al-hasan that will demonstrate their status as Islamic entities and improve their public image through good corporate social responsibility. However, offering zero profit and high risk services entails improvements in policy and operational guidelines.
format	Article
author	Mohd Ariffin, Noraini Adnan, Muhammad Akhyar
author_facet	Mohd Ariffin, Noraini Adnan, Muhammad Akhyar
author_sort	Mohd Ariffin, Noraini
title	Malaysian Islamic bankers' perceptions of al-Qard al-Hasan
title_short	Malaysian Islamic bankers' perceptions of al-Qard al-Hasan
title_full	Malaysian Islamic bankers' perceptions of al-Qard al-Hasan
title_fullStr	Malaysian Islamic bankers' perceptions of al-Qard al-Hasan
title_full_unstemmed	Malaysian Islamic bankers' perceptions of al-Qard al-Hasan
title_sort	malaysian islamic bankers' perceptions of al-qard al-hasan
publisher	International Association for Islamic Economics
publishDate	2011
url	http://irep.iium.edu.my/28988/ http://irep.iium.edu.my/28988/1/RIE-2011-15-2-ARIFFIN-MALAYSIAN_ISLAMIC_BANKERS_PERCEPTION_OF_AL_QARD_AL_HASAN.pdf
first_indexed	2023-09-18T20:42:34Z
last_indexed	2023-09-18T20:42:34Z
_version_	1777409463106404352

Malaysian Islamic bankers' perceptions of al-Qard al-Hasan

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