A case study on the implementation of Qardhul Hasan concept as a financing product in Islamic Banks in Malaysia
Qardhul Hasan is a zero-return financing that Al-Quran urges Muslims to make available to those who need it. In addition, Qardhul Hasan is an example of a unique instrument offered by Islamic Financial Institutions (“IFIs”) due to non involvement of interest. The objective of this paper is to study...
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International Islamic University Malaysia
2011
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| Online Access: | http://irep.iium.edu.my/41491/ http://irep.iium.edu.my/41491/ http://irep.iium.edu.my/41491/1/201-329-1-SM-2.pdf |
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iium-414912015-03-16T02:01:55Z http://irep.iium.edu.my/41491/ A case study on the implementation of Qardhul Hasan concept as a financing product in Islamic Banks in Malaysia Zainal Abidin, Ahmad Mohd Alwi, Norhayati Mohd. Ariffin, Noraini HG Finance Qardhul Hasan is a zero-return financing that Al-Quran urges Muslims to make available to those who need it. In addition, Qardhul Hasan is an example of a unique instrument offered by Islamic Financial Institutions (“IFIs”) due to non involvement of interest. The objective of this paper is to study the implementation of Qardhul Hasan concept, as a financing product in an Islamic bank in Malaysia. This study adopted a single case study research. This is the best approach and appropriate to answer the research questions and to achieve the research objectives. In addition, this is a pilot case study which can be extended for multiple case studies later. This study reveals that CALF Berhad offers Qardhul Hasan financing only to its employees. In addition, the facility is limited for certain purposes like marriage, birth of a child, study and other relevant purposes. The study also offers guidelines on the implementation process of the Qardhul Hasan financing in IFIs. Hence it is also believed that this study can be used by the regulatory body like Bank Negara Malaysia or Malaysian Accounting Standard Board, as a basis for setting up the accounting and reporting guidelines, specifically on Qardhul Hasan. International Islamic University Malaysia 2011 Article PeerReviewed application/pdf en http://irep.iium.edu.my/41491/1/201-329-1-SM-2.pdf Zainal Abidin, Ahmad and Mohd Alwi, Norhayati and Mohd. Ariffin, Noraini (2011) A case study on the implementation of Qardhul Hasan concept as a financing product in Islamic Banks in Malaysia. International Journal of Economics, Management and Accounting, 1 (19). pp. 83-101. ISSN 0128-006 http://journals.iium.edu.my/enmjournal/index.php/enmj/about |
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Digital Repository |
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Local University |
| institution |
International Islamic University Malaysia |
| building |
IIUM Repository |
| collection |
Online Access |
| language |
English |
| topic |
HG Finance |
| spellingShingle |
HG Finance Zainal Abidin, Ahmad Mohd Alwi, Norhayati Mohd. Ariffin, Noraini A case study on the implementation of Qardhul Hasan concept as a financing product in Islamic Banks in Malaysia |
| description |
Qardhul Hasan is a zero-return financing that Al-Quran urges Muslims to make available to those who need it. In addition, Qardhul Hasan is an example of a unique instrument offered by Islamic Financial Institutions
(“IFIs”) due to non involvement of interest. The objective of this paper is to study the implementation of Qardhul Hasan concept, as a financing product in an Islamic bank in Malaysia. This study adopted a single case study research. This is the best approach and appropriate to answer the
research questions and to achieve the research objectives. In addition, this is a pilot case study which can be extended for multiple case studies later. This study reveals that CALF Berhad offers Qardhul Hasan financing only to its employees. In addition, the facility is limited for certain purposes like marriage, birth of a child, study and other relevant purposes. The study also offers guidelines on the implementation process of the Qardhul Hasan financing in IFIs. Hence it is also believed that
this study can be used by the regulatory body like Bank Negara Malaysia or Malaysian Accounting Standard Board, as a basis for setting up the accounting and reporting guidelines, specifically on Qardhul Hasan. |
| format |
Article |
| author |
Zainal Abidin, Ahmad Mohd Alwi, Norhayati Mohd. Ariffin, Noraini |
| author_facet |
Zainal Abidin, Ahmad Mohd Alwi, Norhayati Mohd. Ariffin, Noraini |
| author_sort |
Zainal Abidin, Ahmad |
| title |
A case study on the implementation of Qardhul Hasan
concept as a financing product in Islamic Banks in Malaysia |
| title_short |
A case study on the implementation of Qardhul Hasan
concept as a financing product in Islamic Banks in Malaysia |
| title_full |
A case study on the implementation of Qardhul Hasan
concept as a financing product in Islamic Banks in Malaysia |
| title_fullStr |
A case study on the implementation of Qardhul Hasan
concept as a financing product in Islamic Banks in Malaysia |
| title_full_unstemmed |
A case study on the implementation of Qardhul Hasan
concept as a financing product in Islamic Banks in Malaysia |
| title_sort |
case study on the implementation of qardhul hasan
concept as a financing product in islamic banks in malaysia |
| publisher |
International Islamic University Malaysia |
| publishDate |
2011 |
| url |
http://irep.iium.edu.my/41491/ http://irep.iium.edu.my/41491/ http://irep.iium.edu.my/41491/1/201-329-1-SM-2.pdf |
| first_indexed |
2023-09-18T20:59:24Z |
| last_indexed |
2023-09-18T20:59:24Z |
| _version_ |
1777410522498465792 |