Title of article :
Syari’ah Compliance and Lawful Profit Making Dilemma inMalaysian Islamic Banks
Author/Authors :
Waemustafa, Waeibrorheem Universiti Utara Malaysia - graduate school of business, Malaysia , Sukri, Suriani Universiti Malaysia Perlis - School of Business Innovation and Technopreneurship, Malaysia
From page :
131
To page :
139
Abstract :
The significant roles of syari’ah and Islamic banking undeniably critical inorder to ensure about compliances to the Islamic principle this in turn providea very conclusive picture whether Islamic banks truly concerns about Islamicrequirement when introducing any type of product that might have anysignificant effect on its marketability, however the terms used in Islamic bankscurrently are highly suspicious of being involved in unlawful practices asmentioned in the holy text Al-Quran, this has triggers the increased concernedabout the strength of relationship between syari’ah compliance andprofitability. The trade-off between profit and syari’ah compliance hasremained one of very important issues which they must be addressed to ensurethat Islamic banks are not only profit making financial institution but it alsovery concerns about the roles of Islam and the way that profit is gained toavoid making any profit that against the principle of syari’ah.
Keywords :
Islamic banking , financing concept , profit and loss sharing , Maqasid al , syari’ah and theory of profit
Journal title :
International Journal of Business and Technopreneurship
Journal title :
International Journal of Business and Technopreneurship
Record number :
2561925
Link To Document :
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