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2. Bank Muamalat Malaysia - Wikipedia

   en.wikipedia.org/wiki/Bank_Muamalat_Malaysia

   Bank Muamalat Malaysia Berhad, the second full-fledged Islamic bank to be established in Malaysia after Bank Islam Malaysia Berhad, is poised to play its role in providing Islamic banking products and services to Malaysians, without regard to race or religious beliefs. The bank was based on a profit sharing model and its products weren't linked ...

3. List of banks in Malaysia - Wikipedia

   en.wikipedia.org/wiki/List_of_banks_in_Malaysia

   Bank Rakyat, Muamalat, OCBC Bank do not co-brand their cards except for ATM use only. Maybank has the largest capitalisation in Malaysia in June 2018. Central Bank of Malaysia expects all debit cards issued in Malaysia to be co-branded with the local network 'MyDebit' latest by the year 2017. [3]

4. Islamic finance products, services and contracts - Wikipedia

   en.wikipedia.org/wiki/Islamic_finance_products...

   There are also savings account products called qardh-ul hasan, (the "loan" being a deposit to a bank account) where the debtor (the bank) may pay an extra amount beyond the principal amount of the loan (known as a hibah, literally gift) as a token of appreciation to the creditor (depositor). These also do not (in theory) violate orthodox sharia ...

5. Islamic banking and finance - Wikipedia

   en.wikipedia.org/wiki/Islamic_banking_and_finance

   Islamic banking, Islamic finance ( Arabic: مصرفية إسلامية masrifiyya 'islamia ), or Sharia-compliant finance [1] is banking or financing activity that complies with Sharia (Islamic law) and its practical application through the development of Islamic economics. Some of the modes of Islamic finance include mudarabah (profit-sharing ...

6. Islamic banking in Malaysia - Wikipedia

   en.wikipedia.org/wiki/Islamic_banking_in_Malaysia

   Islamic banking in Malaysia began in September 1963 when Perbadanan Wang Simpanan Bakal-Bakal Haji (PWSBH) was established. PWSBH was set up as an institution for Muslims to save for their Hajj (pilgrimage to Mecca) expenses. In 1969, PWSBH merged with Pejabat Urusan Haji to form Lembaga Urusan dan Tabung Haji (now known as Lembaga Tabung Haji ...

7. Bank Muamalat - Wikipedia

   en.wikipedia.org/wiki/Bank_Muamalat

   Bank Muamalat Indonesia (BMI) is a commercial bank in Indonesia operating on the principles of Islamic banking. The bank was founded in 1 November 1991, based on the initiative of the Indonesian Council of Ulamas (MUI) and under the auspices of the Government of Indonesia. [1] The bank's operations began in 1 May 1992 [1] with foreign exchange ...

8. Profit and loss sharing - Wikipedia

   en.wikipedia.org/wiki/Profit_and_loss_sharing

   Profit and Loss Sharing (also called PLS or participatory banking) refers to Sharia-compliant forms of equity financing such as mudarabah and musharakah. These mechanisms comply with the religious prohibition on interest on loans that most Muslims subscribe to. Mudarabah (مضاربة) refers to "trustee finance" or passive partnership contract ...

9. Tabung Haji - Wikipedia

   en.wikipedia.org/wiki/Tabung_Haji

   Lembaga Tabung Haji ( Jawi: تابوڠ حاج ‎; Arabic صندوق الحج ‎) also known as Tabung Haji or TH is the Malaysian hajj pilgrims fund board. [ 1] It was formerly known as Lembaga Urusan dan Tabung Haji (LUTH). The main headquarters is located at Tabung Haji Tower, Jalan Tun Razak, Kuala Lumpur. Tabung Haji facilitates savings ...