al- ‘Urf and its applicability in Islamic deposit products

Over the last decade Islamic banking has clear taken root. What began as novelty has made major strides. The main purpose of this paper was to explain the applicability of ‘urf in Islamic deposit products. This study set about the application of ‘urf in Islamic law briefly, moreover, the concept o...

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Main Authors:	Bello, Shafii Abdul Azeez, Mohd Yasin, Norhashimah, Hassan, Rusni, Mohd Yazid, Zul Kepli
Format:	Article
Language:	English
Published:	American Institute of Science 2015
Subjects:	HG1501 Banking
Online Access:	http://irep.iium.edu.my/47015/ http://irep.iium.edu.my/47015/ http://irep.iium.edu.my/47015/1/Urf_in_Islamic_Deposit.pdf

id	iium-47015
recordtype	eprints
spelling	iium-470152017-06-15T06:30:47Z http://irep.iium.edu.my/47015/ al- ‘Urf and its applicability in Islamic deposit products Bello, Shafii Abdul Azeez Mohd Yasin, Norhashimah Hassan, Rusni Mohd Yazid, Zul Kepli HG1501 Banking Over the last decade Islamic banking has clear taken root. What began as novelty has made major strides. The main purpose of this paper was to explain the applicability of ‘urf in Islamic deposit products. This study set about the application of ‘urf in Islamic law briefly, moreover, the concept of deposit products in conventional bank just analysed while it in Islamic bank effectively analysed. The types of deposit products in both banks are chiefly current, saving and investment accounts. Moreover, the basis of each production from primary and secondary sources was explained to shows how they compliant with Sharīʿah. In addition, it mentioned the model of deposit products in Islamic banking that represented as wadī‘ah, qarḍ Hassan and muḍārabah that are replicate of conventional banking. Furthermore, it highlights the relationship between the depositor and depositee, as well as the obligations of both parties. The study argued that the adoption of the conventional banking structural practices by the Islamic banking is valid especially area of deposit and investment, since this account can be devoid of the interest element, Islamic banks are permitted by Sharīʿah to offer similar facilities. American Institute of Science 2015 Article PeerReviewed application/pdf en http://irep.iium.edu.my/47015/1/Urf_in_Islamic_Deposit.pdf Bello, Shafii Abdul Azeez and Mohd Yasin, Norhashimah and Hassan, Rusni and Mohd Yazid, Zul Kepli (2015) al- ‘Urf and its applicability in Islamic deposit products. American Journal of Economics, Finance and Management, 1 (2). pp. 35-42. ISSN 2381-6864 E-ISSN 2381-6902 http://www.publicscienceframework.org/journal/ajefm
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 Bello, Shafii Abdul Azeez Mohd Yasin, Norhashimah Hassan, Rusni Mohd Yazid, Zul Kepli al- ‘Urf and its applicability in Islamic deposit products
description	Over the last decade Islamic banking has clear taken root. What began as novelty has made major strides. The main purpose of this paper was to explain the applicability of ‘urf in Islamic deposit products. This study set about the application of ‘urf in Islamic law briefly, moreover, the concept of deposit products in conventional bank just analysed while it in Islamic bank effectively analysed. The types of deposit products in both banks are chiefly current, saving and investment accounts. Moreover, the basis of each production from primary and secondary sources was explained to shows how they compliant with Sharīʿah. In addition, it mentioned the model of deposit products in Islamic banking that represented as wadī‘ah, qarḍ Hassan and muḍārabah that are replicate of conventional banking. Furthermore, it highlights the relationship between the depositor and depositee, as well as the obligations of both parties. The study argued that the adoption of the conventional banking structural practices by the Islamic banking is valid especially area of deposit and investment, since this account can be devoid of the interest element, Islamic banks are permitted by Sharīʿah to offer similar facilities.
format	Article
author	Bello, Shafii Abdul Azeez Mohd Yasin, Norhashimah Hassan, Rusni Mohd Yazid, Zul Kepli
author_facet	Bello, Shafii Abdul Azeez Mohd Yasin, Norhashimah Hassan, Rusni Mohd Yazid, Zul Kepli
author_sort	Bello, Shafii Abdul Azeez
title	al- ‘Urf and its applicability in Islamic deposit products
title_short	al- ‘Urf and its applicability in Islamic deposit products
title_full	al- ‘Urf and its applicability in Islamic deposit products
title_fullStr	al- ‘Urf and its applicability in Islamic deposit products
title_full_unstemmed	al- ‘Urf and its applicability in Islamic deposit products
title_sort	al- ‘urf and its applicability in islamic deposit products
publisher	American Institute of Science
publishDate	2015
url	http://irep.iium.edu.my/47015/ http://irep.iium.edu.my/47015/ http://irep.iium.edu.my/47015/1/Urf_in_Islamic_Deposit.pdf
first_indexed	2023-09-18T21:06:54Z
last_indexed	2023-09-18T21:06:54Z
_version_	1777410994335645696

al- ‘Urf and its applicability in Islamic deposit products

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