Mixed capital of Islamic financial institutions, is it Islamic?

Among the most debated issue concerns the initial capital of Islamic banks and takaful companies, especially when initiated by a conventional parent company. Some people doubt the purity of the capital in Islamic banks and takaful and eventually deny the benefits of Islamic banking. Hence, the ques...

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Main Author: Abdul Rahman, Zaharuddin
Format: Article
Language:English
Published: Red Money 2011
Subjects:
Online Access:http://irep.iium.edu.my/15674/1/Mixed_capital_of_Islam.pdf
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author Abdul Rahman, Zaharuddin
author_facet Abdul Rahman, Zaharuddin
author_sort Abdul Rahman, Zaharuddin
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description Among the most debated issue concerns the initial capital of Islamic banks and takaful companies, especially when initiated by a conventional parent company. Some people doubt the purity of the capital in Islamic banks and takaful and eventually deny the benefits of Islamic banking. Hence, the question here is could Islamic banks and takaful be truly Islamic when its capital is not completely halal?
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spelling oai:generic.eprints.org:156742012-02-24T12:07:48Z http://irep.iium.edu.my/15674/ Mixed capital of Islamic financial institutions, is it Islamic? Abdul Rahman, Zaharuddin KBP1 Islamic law.Shariah.Fiqh Among the most debated issue concerns the initial capital of Islamic banks and takaful companies, especially when initiated by a conventional parent company. Some people doubt the purity of the capital in Islamic banks and takaful and eventually deny the benefits of Islamic banking. Hence, the question here is could Islamic banks and takaful be truly Islamic when its capital is not completely halal? Red Money 2011-12-07 Article NonPeerReviewed application/pdf en http://irep.iium.edu.my/15674/1/Mixed_capital_of_Islam.pdf Abdul Rahman, Zaharuddin (2011) Mixed capital of Islamic financial institutions, is it Islamic? Islamic Finance News, 8 (48). pp. 22-23. ISSN 0891-060X http://www.islamicfinancenews.com/listing_article_ID1.asp?nm_id=24762&searchid=7751
spellingShingle KBP1 Islamic law.Shariah.Fiqh
Abdul Rahman, Zaharuddin
Mixed capital of Islamic financial institutions, is it Islamic?
title Mixed capital of Islamic financial institutions, is it Islamic?
title_full Mixed capital of Islamic financial institutions, is it Islamic?
title_fullStr Mixed capital of Islamic financial institutions, is it Islamic?
title_full_unstemmed Mixed capital of Islamic financial institutions, is it Islamic?
title_short Mixed capital of Islamic financial institutions, is it Islamic?
title_sort mixed capital of islamic financial institutions is it islamic
topic KBP1 Islamic law.Shariah.Fiqh
url http://irep.iium.edu.my/15674/1/Mixed_capital_of_Islam.pdf
work_keys_str_mv AT abdulrahmanzaharuddin mixedcapitalofislamicfinancialinstitutionsisitislamic