Syariah principles in Islamic banking: with special reference to BIMB / Wan Asma’a Wan Abu Bakar

BIMB, the only bank in Malaysia that can call itself an Islamic bank, practise its activities and trade according to the Islamic law. The Bank exists andcoperates in a secular environment. It faces lots of obstacles and has to compete with many non-Islamic banks which already have a strong foothold...

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Bibliographic Details
Main Author:	Wan Abu Bakar, Wan Asma’a
Format:	Research Reports
Language:	English
Published:	Research Management Institude 1993
Subjects:	Banking Finance, Islamic
Online Access:	http://ir.uitm.edu.my/id/eprint/25395/ http://ir.uitm.edu.my/id/eprint/25395/1/LP_WAN%20ASMA%27A%20WAN%20ABU%20BAKAR%20RMI%20K%2093_5.pdf

id	uitm-25395
recordtype	eprints
spelling	uitm-253952019-09-27T03:38:05Z http://ir.uitm.edu.my/id/eprint/25395/ Syariah principles in Islamic banking: with special reference to BIMB / Wan Asma’a Wan Abu Bakar Wan Abu Bakar, Wan Asma’a Banking Finance, Islamic BIMB, the only bank in Malaysia that can call itself an Islamic bank, practise its activities and trade according to the Islamic law. The Bank exists andcoperates in a secular environment. It faces lots of obstacles and has to compete with many non-Islamic banks which already have a strong foothold in the local banking sector. From the Bank's brochures and pamphlets, it is clear that BIMB is to provide facilities and services to the public, the Muslims especially, according to the principles of Shariah. The National Steering Committee Report, a report from a group that was given a task to spearhead the formation of an Islamic bank, in elaborating the concept of an Islamic bank in Malaysia stated that "the banking operation in accordance with islam are conclusive because it will achieve the basic objective, that is, the interest of the Muslim community. Any activity which contradict this objective is considered as misuse of wealth that has been entrusted to us by Allah and this implies a betrayal of His command". The running of BIMB, no doubt, is towards achieving its objectives, but is BIMB really trying to achieve the main objective as stated in the report, or does BIMB is preoccupied with its high rate of profit to impress the public and other commercial banks? Research Management Institude 1993 Research Reports NonPeerReviewed text en http://ir.uitm.edu.my/id/eprint/25395/1/LP_WAN%20ASMA%27A%20WAN%20ABU%20BAKAR%20RMI%20K%2093_5.pdf Wan Abu Bakar, Wan Asma’a (1993) Syariah principles in Islamic banking: with special reference to BIMB / Wan Asma’a Wan Abu Bakar. [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	Banking Finance, Islamic
spellingShingle	Banking Finance, Islamic Wan Abu Bakar, Wan Asma’a Syariah principles in Islamic banking: with special reference to BIMB / Wan Asma’a Wan Abu Bakar
description	BIMB, the only bank in Malaysia that can call itself an Islamic bank, practise its activities and trade according to the Islamic law. The Bank exists andcoperates in a secular environment. It faces lots of obstacles and has to compete with many non-Islamic banks which already have a strong foothold in the local banking sector. From the Bank's brochures and pamphlets, it is clear that BIMB is to provide facilities and services to the public, the Muslims especially, according to the principles of Shariah. The National Steering Committee Report, a report from a group that was given a task to spearhead the formation of an Islamic bank, in elaborating the concept of an Islamic bank in Malaysia stated that "the banking operation in accordance with islam are conclusive because it will achieve the basic objective, that is, the interest of the Muslim community. Any activity which contradict this objective is considered as misuse of wealth that has been entrusted to us by Allah and this implies a betrayal of His command". The running of BIMB, no doubt, is towards achieving its objectives, but is BIMB really trying to achieve the main objective as stated in the report, or does BIMB is preoccupied with its high rate of profit to impress the public and other commercial banks?
format	Research Reports
author	Wan Abu Bakar, Wan Asma’a
author_facet	Wan Abu Bakar, Wan Asma’a
author_sort	Wan Abu Bakar, Wan Asma’a
title	Syariah principles in Islamic banking: with special reference to BIMB / Wan Asma’a Wan Abu Bakar
title_short	Syariah principles in Islamic banking: with special reference to BIMB / Wan Asma’a Wan Abu Bakar
title_full	Syariah principles in Islamic banking: with special reference to BIMB / Wan Asma’a Wan Abu Bakar
title_fullStr	Syariah principles in Islamic banking: with special reference to BIMB / Wan Asma’a Wan Abu Bakar
title_full_unstemmed	Syariah principles in Islamic banking: with special reference to BIMB / Wan Asma’a Wan Abu Bakar
title_sort	syariah principles in islamic banking: with special reference to bimb / wan asma’a wan abu bakar
publisher	Research Management Institude
publishDate	1993
url	http://ir.uitm.edu.my/id/eprint/25395/ http://ir.uitm.edu.my/id/eprint/25395/1/LP_WAN%20ASMA%27A%20WAN%20ABU%20BAKAR%20RMI%20K%2093_5.pdf
first_indexed	2023-09-18T23:14:39Z
last_indexed	2023-09-18T23:14:39Z
_version_	1777419030743744512

Syariah principles in Islamic banking: with special reference to BIMB / Wan Asma’a Wan Abu Bakar

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