An introduction to Islamic banking and finance

Hassan, M. Kabir; Aliyu, Sirajo; Brodmann, Jennifer

doi:10.4337/9781786431134.00019

Cited by 9 publications

(23 citation statements)

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“…Islamic banking (IBF) refers to banking and financial operations and activities that are based on Islamic principles and laws (Hassan, Kayed, & Oseni, 2013;Hassan, & Lewis, 2014). Based on Islamic law, there are four main principles that govern the activities of the Islamic banks.…”

Section: The Nature Of Islamic Banking and Financementioning

confidence: 99%

“…Maisir refers to unlawful, unethical activities, sinful and socially irresponsible activities, such as bribery, prostitution, drug abuse, alcohol, sale, and consumption of pork, and gambling. These bad business practices are considered forbidden behaviour (haram) to all Muslims, because they adversely affect justice and fairness in financial transactions, lead to the exploitation of one party to a contract, and are detrimental to human life, fairness, societal well-being (Hassan et al, 2013;Hassan, & Lewis, 2014). Fourth, IBF ensures that financial transactions must be directly or indirectly linked to a real economic transaction and must have real economic values to both contractual parties, and the society at large.…”

Section: The Nature Of Islamic Banking and Financementioning

confidence: 99%

“…IBF are fundamentally different from conventional banking because IBF institutions principally operate on the basis of Sharia law, which prohibits the charging of interest (Hassan, Kayed, & Oseni, 2013;Hassan & Lewis, 2014). According to Karbhari, Naser and Shahin (2004), Islamic banks may function in countries adopting Islamic Sharia principles (e.g., Malaysia, Iran, Pakistan, and Sudan), or function in predominantly Muslim countries along with conventional banks (Arab and Muslim countries), or function in predominantly non-Muslim countries along with conventional banks (Western countries).…”

Section: Introductionmentioning

confidence: 99%

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Introduction of Islamic Banking and Finance in Ghana: Opportunities and Challenges

Mbawuni¹,

Nimako²

2016

JIBF

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This paper presents a general review of opportunities and challenges of Islamic banking and finance (IBF) introduction in Ghana. It relies on existing literature, especially from Islamic banking and finance, and positional views of the authors. The paper identifies key factors in Ghana's economy that present prospects for the introduction and adoption of IBF in Ghana by policy makers and consumers. These include opportunity for employment, democratic political system of governance, flexible industry regulatory framework, existing agrarian sectors, high demand for banking products, high interest rate, Muslim population, and quest for sound business practices. It also discusses the potential challenges that are likely to face full-fledge IBF products and institution in Ghana in terms of IBF governance, consumer behaviour and performance of IBF institution. Finally, the paper proposes strategies for overcoming the potential challenges for the effective introduction of IBF in Ghana. Managerially, this paper puts together a rich blend of objective appraisal of IBF from many perspectives and serves as an important source of information on IBF in Ghana for stakeholders, especially the Bank of Ghana, policy makers, and IBF practitioners. Theoretically, this paper provides valuable source of literature for academics and practitioners interested in IBF research and business in Ghana Banking Industry.

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Section: The Nature Of Islamic Banking and Financementioning

confidence: 99%

Section: The Nature Of Islamic Banking and Financementioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Introduction of Islamic Banking and Finance in Ghana: Opportunities and Challenges

Mbawuni¹,

Nimako²

2016

JIBF

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“…Opposite to conventional banking, the theory of Islamic banking distributes risks and rewards equally between the borrower and the lender (Suryanto & Ridwansyah, 2016). The current model of Islamic banking envisaged by Uzair (1955) is based on mudarabah (silent-partnership), a business technique that was also practiced in the pre-Islamic Arab peninsula and also by the Prophet Muhammad himself during the medieval period (Hassan & Lewis, 2007). In practice, Islamic Banking follow mudarabah model mainly for funding purposes i.e.…”

mentioning

confidence: 99%

Determinants of the Internet Islamic Banking Services Adoption in Jordan

Alhawamdeh¹,

Bardai²

2017

JURNAL EKONOMI DAN BISNIS ISLAM

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The purpose of this study is to conceptually review the determinants of Internet Islamic Banking Services adoption. In addition, it presents a conceptual research model to understand these relationships supported by literature review from recent studies. A critical literature review had been conducted in the area of internet banking services adoption model, Islamic banking and UTAUT theory and application. The main findings indicate that familiarity, social influence, needs, customer background and IT support affect adoption of internet banking services. In addition familiarity, social influence, needs, customer background and IT support affect adoption of Islamic internet banking services .Therefore we can conclude that factors of internet banking services affect Islamic internet banking services. This research presents a conceptually yet empirically supported model to describe the factors influencing internet banking services and internet Islamic banking services. This research will be significant in several areas, by adding new knowledge for the academics, practitioners and organizations in general and particularly in Jordan.Keywords: Islamic I-Banking Services; Adoption; Jordanian Banks Abstrak Tujuan dalam penelitian ini adalah untuk mengkaji secara konseptual penentu dari adopsi Internet Islamic banking Service. Selain itu dalam penelitian, model penelitian yang digunakan secara konseptual untuk memahami bagaimana hubungan antara tinjauan pustaka dan studi terbaru. Metodelogi dalam penelitian ini menggunakan tinjauan literatur kritis yang digunakan dalam model adopsi layanan internet banking, perbankan syariah dan teori dari aplikasi UTAUT. Hasil temuan menunjukan bahwa keakraban, pengaruh sosial, kebutuhan, latar belakang pelanggan dan dukungan IT mempengaruhi adopsi dari layanan internet banking, selain itu keakraban, pengaruh sosial, kebutuhan, latar belakang pelanggan dan dukungan IT mempengaruhi adopsi dari layanan internet banking syariah. Oleh karena itu dapat disimpulkan bahwa faktor layanan internet banking mempengaruhi layanan banking syariah. Penelitian ini menyajikan model konseptual yang secara empiris didukung untuk menggambarkan faktor-faktor yang mempengaruhi layanan internet banking dan layanan internet banking syariah. Hasil penelitian ini signifikan di beberapa daerah dan menambah pengetahuan baru untuk akademisi, praktisi dan organisasi pada umumnya dan khususnya di Yordania.Kata Kunci : Layanan Internet banking Islam, Adopsi dan Bank Yordania

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“…Temuan ini mungkin sesuai dengan budaya Islam sendiri di mana di dalam perbankan Islam, sikap mementingkan diri agen mungkin lebih rendah. Islam mendorong hubungan di antara manusia berdasarkan konsep ummah (kebersamaan) (Hassan dan Lewis, 2007). Konsep kebersamaan tersebut akan mewujudkan rasa kepedulian dengan orang lain.…”

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Sistem Pengukuran Kinerja dan Kinerja Pembiayaan bagi Hasil Perbankan Syariah di Indonesia

Trishananto¹

2016

muqtasid

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This study aims to examine the role of Management Control System (MCS),attitude to risk and organizational learning to improve the performance ofprofit and loss of sharing defrayal. MCS concept used in this study is diagnostic, interactive and dynamic performance measurement system (PMS). Performance of defrayal of profit and revenue sharing is operationalized into the quantity and quality of defrayal. This study uses a survey by branches of Islamic banks in Indonesia. A total of 99 questionnaires were returned. It is proven that interactive use of PMS has a positive effect on the attitude towards risk and learning organization. This study shows that the resource-based view further elucidate the role of the PMS improves performance compared with agency theory. Practically, this study demonstrates the role of PMS as a system to control the behavior of managers in improving the performance of Islamic banks profit and loss of sharing defrayal

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An introduction to Islamic banking and finance

Cited by 9 publications

References 0 publications

Introduction of Islamic Banking and Finance in Ghana: Opportunities and Challenges

Introduction of Islamic Banking and Finance in Ghana: Opportunities and Challenges

Determinants of the Internet Islamic Banking Services Adoption in Jordan

Sistem Pengukuran Kinerja dan Kinerja Pembiayaan bagi Hasil Perbankan Syariah di Indonesia

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