Puspa Liza, Ghazali and Gazali, N and Halim, N.A (2017) Alternative profit rate shariah-compliant for islamic banking. In: 1st International Conference on Applied and Industrial Mathematics and Statistics 2017, ICoAIMS 2017;, 8-10 August 2017, Vistana City Centre Kuantan, Pahang;.
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Abstract
Profit is the aims for Islamic banking and conventional banking. Determination of profit in Islamic banking in Malaysia depends on the profit rate, whereas profit rate is essentially from reference rate which is known as the base rate (BR). However, the determination of the components contained in the BR such as benchmark cost of funds and the statutory reserve requirement (SRR) is non-compliance with the Shariah because its directly proportional to the overnight policy rate (OPR). Therefore, an alternative formula for the profit rate are proposed which is known as the base profit rate (BPR). Construction of BPR formula is based on the principle that are more Shariah-compliant.
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Subjects: | H Social Sciences > HA Statistics H Social Sciences > HG Finance |
| Divisions: | Faculty of Business and Management |
| Depositing User: | Muhammad Akmal Azhar |
| Date Deposited: | 17 Nov 2020 02:17 |
| Last Modified: | 17 Nov 2020 02:17 |
| URI: | http://eprints.unisza.edu.my/id/eprint/1478 |
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