The role of Bank Negara Malaysia in limiting imprudent consumption

This study identifies the role that Bank Negara Malaysia plays in regulating imprudent consumption. In doing so, the author reviews the Guidelines on Responsible Financing introduced by the Bank in 2012 to regulate the consumer credit market. Since consumers are highly dependent on credit to purchas...

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Bibliographic Details
Main Author:	Musa, Muhammad Adli
Format:	Article
Language:	English
Published:	IIUM Press 2015
Subjects:	HG4001 Financial management. Business finance. Corporation finance.
Online Access:	http://irep.iium.edu.my/48712/ http://irep.iium.edu.my/48712/ http://irep.iium.edu.my/48712/1/688-1605-2-PB.pdf

id	iium-48712
recordtype	eprints
spelling	iium-487122016-07-18T00:23:07Z http://irep.iium.edu.my/48712/ The role of Bank Negara Malaysia in limiting imprudent consumption Musa, Muhammad Adli HG4001 Financial management. Business finance. Corporation finance. This study identifies the role that Bank Negara Malaysia plays in regulating imprudent consumption. In doing so, the author reviews the Guidelines on Responsible Financing introduced by the Bank in 2012 to regulate the consumer credit market. Since consumers are highly dependent on credit to purchase what they desire, the Bank tightened lending procedures. The author also argues that despite the claimed ethical superiority of Islamic finance, there is no apparent difference when it comes to providing loans (or rather financing) to consumers. The findings of this study suggest that such procedures reduced the growth of household borrowing and consumer loans/ financing. As such, the study concludes that Bank Negara Malaysia has an effective role to play in limiting the negative effects of imprudent consumption. IIUM Press 2015-12 Article PeerReviewed application/pdf en http://irep.iium.edu.my/48712/1/688-1605-2-PB.pdf Musa, Muhammad Adli (2015) The role of Bank Negara Malaysia in limiting imprudent consumption. Intellectual Discourse, 23 (S). pp. 475-494. ISSN 0128-4878 E-ISSN 2289-5639 http://journals.iium.edu.my/intdiscourse/index.php/islam
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HG4001 Financial management. Business finance. Corporation finance.
spellingShingle	HG4001 Financial management. Business finance. Corporation finance. Musa, Muhammad Adli The role of Bank Negara Malaysia in limiting imprudent consumption
description	This study identifies the role that Bank Negara Malaysia plays in regulating imprudent consumption. In doing so, the author reviews the Guidelines on Responsible Financing introduced by the Bank in 2012 to regulate the consumer credit market. Since consumers are highly dependent on credit to purchase what they desire, the Bank tightened lending procedures. The author also argues that despite the claimed ethical superiority of Islamic finance, there is no apparent difference when it comes to providing loans (or rather financing) to consumers. The findings of this study suggest that such procedures reduced the growth of household borrowing and consumer loans/ financing. As such, the study concludes that Bank Negara Malaysia has an effective role to play in limiting the negative effects of imprudent consumption.
format	Article
author	Musa, Muhammad Adli
author_facet	Musa, Muhammad Adli
author_sort	Musa, Muhammad Adli
title	The role of Bank Negara Malaysia in limiting imprudent consumption
title_short	The role of Bank Negara Malaysia in limiting imprudent consumption
title_full	The role of Bank Negara Malaysia in limiting imprudent consumption
title_fullStr	The role of Bank Negara Malaysia in limiting imprudent consumption
title_full_unstemmed	The role of Bank Negara Malaysia in limiting imprudent consumption
title_sort	role of bank negara malaysia in limiting imprudent consumption
publisher	IIUM Press
publishDate	2015
url	http://irep.iium.edu.my/48712/ http://irep.iium.edu.my/48712/ http://irep.iium.edu.my/48712/1/688-1605-2-PB.pdf
first_indexed	2023-09-18T21:09:03Z
last_indexed	2023-09-18T21:09:03Z
_version_	1777411128840683520

The role of Bank Negara Malaysia in limiting imprudent consumption

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