Profit Distribution in the Islamic Banks-Daily Product Basis and Allocation of Weightages

Mohammad Yahya Mujaddidi

Article Details

Profit Distribution in the Islamic Banks-Daily Product Basis and Allocation of Weightages

Authors:

Mohammad Yahya Mujaddidi

Publisher:

Riphah International University

Journal:

Journal of Islamic Business and Management Vol.7 Issue 1, pp.0-0

Document Type:

Article

Publication Date:

1/2017

Document Language:

English

Document ID (Org No.):

2001947755

pISSN:

2075-6291

Keywords:

Abstract:

 Within the past three decades, the Islamic banking industry has gained cumulative growth momentum given the growing demand for Sharīʿah compliant financial instruments. Islamic banking has now achieved greater recognition as a viable alternative to conventional banking; as depicted by various convincing data including the increasing growth of its deposits globally. The majority of Islamic banks have also benefitted from the profit distribution mechanism that has considerably improved over time. However, amidst this positive growth, there has been growing criticisms on numerous areas of Islamic banking. This includes an important issue on the usage of daily product basis and allocation of weightages for profit distribution in Islamic banks. This study, therefore, aims to examine its compatibility with the principles of Sharīʿah and to weigh the objections in the criticisms against these principles.

Article Details

Profit Distribution in the Islamic Banks-Daily Product Basis and Allocation of Weightages

Authors:

Mohammad Yahya Mujaddidi

Publisher:

Riphah International University

Journal:

Journal of Islamic Business and Management Vol.7 Issue 1, pp.0-0

Document Type:

Article

Publication Date:

1/2017

Document Language:

English

Document ID (Org No.):

2001947755

pISSN:

2075-6291

Islamic Banks Deposits

Weightages

Daily Product

Profit Distribution

Issues

Article Details

Profit Distribution in the Islamic Banks-Daily Product Basis and Allocation of Weightages

Authors: Mohammad Yahya Mujaddidi

Publisher: Riphah International University

Journal: Journal of Islamic Business and Management Vol.7 Issue 1, pp.0-0

Document Type: Article

Publication Date: 1/2017

Document Language: English

Document ID (Org No.): 2001947755

pISSN: 2075-6291

Islamic Banks Deposits

Weightages

Daily Product

Profit Distribution

Issues

Authors:

Mohammad Yahya Mujaddidi

Publisher:

Riphah International University

Journal:

Journal of Islamic Business and Management Vol.7 Issue 1, pp.0-0

Document Type:

Article

Publication Date:

1/2017

Document Language:

English

Document ID (Org No.):

2001947755

pISSN:

2075-6291