A review of SharENah compliant instruments for Islamic credit cards as adopted by Malaysian Financial Institutions

Azman Mohd Noor and Rafidah Mohd Azli

International Journal of Monetary Economics and Finance, 2009, vol. 2, issue 3/4, 221-238

Abstract: The Islamic credit card, better known as Credit Card-i, is one of the alternative banking products introduced by Islamic Financial Institutions in Malaysia to substitute for the conventional credit card. This paper aims at reviewing the structures and instruments applied by Islamic Financial Institutions in Malaysia from Shariah Compliance perspectives. The method used is descriptive and positive analytical criticism which aims at improving the existing structure.

Keywords: Islamic credit cards; credit card structures; Islamic banking; Islamic finance; Shariah compliance; Malaysia. (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijmefi:v:2:y:2009:i:3/4:p:221-238

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