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Islamic banking and finance: traders not mere financial intermediary

Shamsudin, Mohidin Yahya and Salamon, Hussin and Abu Hussin, Mohd. Fauzi and Nor Muhamad, Nasrul Hisyam (2015) Islamic banking and finance: traders not mere financial intermediary. Mediterranean Jourl Of Social Sciences, 6 (3). pp. 181-188. ISSN 2039-9340

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Official URL: http://dx.doi.org/10.5901/mjss.2015.v6n3p181

Abstract

Although Islamic Banking and Finance has been in existence since 40 years ago, the subject of Islamic banking and finance continues to be at the forefront of economic and financial discourses all over the world. The issue of Islamic banking and finance losing its credibility, its apparent inability to respond decisively to the need of its clients and accusation that Islamic banking and finance is mere replication of the conventional system are but some of the pressing issues that need to be addressed before they can ruin the legitimacy of Islamic banking as a viable alternative system. Using qualitative research method by utilising document analysis, this paper attempts to critically investigate the role and function of Islamic banking and finance as a financial intermediary and trader in the course of discharging its fiduciary function as bank and financial institution. This article also addresses the major role of Islamic bank as a financial intermediary as well as at the same time trader of goods for sale to the customers

Item Type:Article
Uncontrolled Keywords:islamic banking and finance, trader
Subjects:H Social Sciences > HG Finance
Divisions:Islamic Civilisation
ID Code:58450
Deposited By: Haliza Zainal
Deposited On:04 Dec 2016 12:07
Last Modified:01 Feb 2017 09:37

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