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  2. Islamic finance products, services and contracts - Wikipedia

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

    In Musharaka business transactions, Islamic banks may lend their money to companies by issuing "floating rate interest" loans, where the floating rate is pegged to the company's individual rate of return, so that the bank's profit on the loan is equal to a certain percentage of the company's profits. [77]

  3. Islamic banking and finance - Wikipedia

    en.wikipedia.org/wiki/Islamic_banking_and_finance

    t. e. 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 ...

  4. Bank Muamalat Malaysia - Wikipedia

    en.wikipedia.org/wiki/Bank_Muamalat_Malaysia

    The bank was based on a profit sharing model and its products weren't linked to the Bank Indonesia discount rate, thus surviving to the 1997 Asian financial crisis which increased the mean interest rate of the other Indonesian banks. [citation needed] DRB-HICOM holds 70% shares in the Bank while Khazanah Nasional Berhad holds the remaining shares.

  5. Muslims come into the frame in Southeast Asia’s fintech boom

    techcrunch.com/2023/04/27/muslims-come-into-the...

    In Malaysia, Islamic banks will make up 45% of the overall commercial banking loan book by the end of 2025, and in Indonesia, Islamic finance’s market share is expected to grow to 10% by the end ...

  6. 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 ...

  7. Qard al-Hasan - Wikipedia

    en.wikipedia.org/wiki/Qard_al-Hasan

    Qardh al-hasan ( Arabic: قرض الحسن, transl. benevolent lending) is the one which is without a collateral. However some Ulama deem it a form of interest-free loan (fungible, marketable wealth) that is extended by a lender to a borrower on the basis of benevolence (ihsan). Al-qardh, from a shari’a point of view, is a non commutative ...

  8. Islamic banking in Malaysia - Wikipedia

    en.wikipedia.org/wiki/Islamic_banking_in_Malaysia

    In 2006, Bank Negara Malaysia setup International Centre for Education in Islamic Finance a dedicated University to provide skilled and certified personnel for Islamic Finance in Malaysia. The university was established as part of the Malaysian Government's initiative to further strengthen the country’s position as an international Islamic ...

  9. 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]

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