Identifying mathematical models in managing Islamic investment products using Musyarakah concept / Maheran Mohd Jaffar … [et al.]

The Islamic banking has emerged as a significant and popular banking system in Malaysia. At present, the Islamic banking is able to offer competitive alternatives to conventional products and services, In Malaysia, murabahah and bai bithaman ajil concepts are widely used in most of the products unde...

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Main Authors:	Mohd Jaffar, Maheran, Samson, Abd Aziz, Ismail, Rashidah, Abdul Maad, Hamdan
Format:	Research Reports
Language:	English
Published:	Research Management Institute (RMI) 2011
Subjects:	Analytical methods used in the solution of physical problems
Online Access:	http://ir.uitm.edu.my/id/eprint/23700/ http://ir.uitm.edu.my/id/eprint/23700/1/LP_MAHERAN%20MOHD%20JAFFAR%20RMI%2011_5.pdf

id	uitm-23700
recordtype	eprints
spelling	uitm-237002019-04-16T08:43:27Z http://ir.uitm.edu.my/id/eprint/23700/ Identifying mathematical models in managing Islamic investment products using Musyarakah concept / Maheran Mohd Jaffar … [et al.] Mohd Jaffar, Maheran Samson, Abd Aziz Ismail, Rashidah Abdul Maad, Hamdan Analytical methods used in the solution of physical problems The Islamic banking has emerged as a significant and popular banking system in Malaysia. At present, the Islamic banking is able to offer competitive alternatives to conventional products and services, In Malaysia, murabahah and bai bithaman ajil concepts are widely used in most of the products under Islamic banking. Unfortunately foreign investors especially from Middle East are inclined toward products which are based on musyarakah concept. Musyarakah contract is a joint venture between two or more parties and the profit is shared according to the agreed profit sharing ratio. None of the Islamic banks in Malaysia uses these concepts in more than 10% of their financial portfolio. This research has found that the common variables used in managing Islamic investment products offered by Islamic banks are the same as conventional banks except for the profit sharing rate offered by Islamic banks. The proposed musyarakah model is suitable in packaging Islamic investment products. Beside the proposed model, there are other musyarakah models that may be used in managing the investment between two parties. Nevetheless the proposed model is far better than the other models in internalizing the spirit of fairness and justice for all involved parties. Research Management Institute (RMI) 2011 Research Reports NonPeerReviewed text en http://ir.uitm.edu.my/id/eprint/23700/1/LP_MAHERAN%20MOHD%20JAFFAR%20RMI%2011_5.pdf Mohd Jaffar, Maheran and Samson, Abd Aziz and Ismail, Rashidah and Abdul Maad, Hamdan (2011) Identifying mathematical models in managing Islamic investment products using Musyarakah concept / Maheran Mohd Jaffar … [et al.]. [Research Reports] (Unpublished)
repository_type	Digital Repository
institution_category	Local University
institution	Universiti Teknologi MARA
building	UiTM Institutional Repository
collection	Online Access
language	English
topic	Analytical methods used in the solution of physical problems
spellingShingle	Analytical methods used in the solution of physical problems Mohd Jaffar, Maheran Samson, Abd Aziz Ismail, Rashidah Abdul Maad, Hamdan Identifying mathematical models in managing Islamic investment products using Musyarakah concept / Maheran Mohd Jaffar … [et al.]
description	The Islamic banking has emerged as a significant and popular banking system in Malaysia. At present, the Islamic banking is able to offer competitive alternatives to conventional products and services, In Malaysia, murabahah and bai bithaman ajil concepts are widely used in most of the products under Islamic banking. Unfortunately foreign investors especially from Middle East are inclined toward products which are based on musyarakah concept. Musyarakah contract is a joint venture between two or more parties and the profit is shared according to the agreed profit sharing ratio. None of the Islamic banks in Malaysia uses these concepts in more than 10% of their financial portfolio. This research has found that the common variables used in managing Islamic investment products offered by Islamic banks are the same as conventional banks except for the profit sharing rate offered by Islamic banks. The proposed musyarakah model is suitable in packaging Islamic investment products. Beside the proposed model, there are other musyarakah models that may be used in managing the investment between two parties. Nevetheless the proposed model is far better than the other models in internalizing the spirit of fairness and justice for all involved parties.
format	Research Reports
author	Mohd Jaffar, Maheran Samson, Abd Aziz Ismail, Rashidah Abdul Maad, Hamdan
author_facet	Mohd Jaffar, Maheran Samson, Abd Aziz Ismail, Rashidah Abdul Maad, Hamdan
author_sort	Mohd Jaffar, Maheran
title	Identifying mathematical models in managing Islamic investment products using Musyarakah concept / Maheran Mohd Jaffar … [et al.]
title_short	Identifying mathematical models in managing Islamic investment products using Musyarakah concept / Maheran Mohd Jaffar … [et al.]
title_full	Identifying mathematical models in managing Islamic investment products using Musyarakah concept / Maheran Mohd Jaffar … [et al.]
title_fullStr	Identifying mathematical models in managing Islamic investment products using Musyarakah concept / Maheran Mohd Jaffar … [et al.]
title_full_unstemmed	Identifying mathematical models in managing Islamic investment products using Musyarakah concept / Maheran Mohd Jaffar … [et al.]
title_sort	identifying mathematical models in managing islamic investment products using musyarakah concept / maheran mohd jaffar … [et al.]
publisher	Research Management Institute (RMI)
publishDate	2011
url	http://ir.uitm.edu.my/id/eprint/23700/ http://ir.uitm.edu.my/id/eprint/23700/1/LP_MAHERAN%20MOHD%20JAFFAR%20RMI%2011_5.pdf
first_indexed	2023-09-18T23:11:12Z
last_indexed	2023-09-18T23:11:12Z
_version_	1777418813621403648

Identifying mathematical models in managing Islamic investment products using Musyarakah concept / Maheran Mohd Jaffar … [et al.]

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