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http://cdr.uum.edu.my/jspui/handle/123456789/101| Title: | Reviving Value Based Intermediation Practices in Islamic Bank: An Appraisal |
| Authors: | Md Nor, Mohd Zakhiri Mohamad, Ani Munirah Arshad, Ain Husna Abdul Jalil, Najah Inani |
| Issue Date: | 2020 |
| Abstract: | This teaching case is pertaining to how the Islamic concept of Ijarah that is Ijarah Muntahiah bi al Tamlik (“Ijarah”) be applied as value based intermediation (VBI) particularly for rent to own (RTO) Islamic financing products. The market segment of this product is for the new generation whereby they can own a house without paying any deposit on account of the fact the higher price of housing estate. This teaching case starts with the background of Maybank Islamic and the salient features of the RTO product. It also discusses the nature of Ijarah as the underlying contract in RTO product. Further, this teaching case shall examine how the concept of ijarah is applied in RTO. The data used in writing this case had been obtained through semi-structured interviews with the relevant parties to the RTO product. In addition, some preliminary information had been accessed through the company's website. All the data then had been transcribed and referred back to the company for verification and personal consent purposes. This teaching case found that RTO to some extent plays its part as VBI roles and it is approved as a Shariah compliant product. This teaching case can be used in the area of Islamic finance and banking law and Islamic wealth management. |
| URI: | http://cdr.uum.edu.my/jspui/handle/123456789/101 |
| Payment Link: | http://epay.uum.edu.my/go.php?billcode=CDRCASE&productid=TC168-1 |
| Appears in Collections: | Cases in CDR |
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