Dispute between bank and customer in Bai Bithaman Ajil (BBA). Case in Malaysia

Rininta Nurrachmi, Hamida Mohamed and Nawalin Nazah

MPRA Paper from University Library of Munich, Germany

Abstract: This paper discusses the issue and dispute in Bai Bithaman Ajil (BBA) which ended in court cases. It attempts to define the issues and dispute that rise in the practice of BBA and the practical case of BBA in the context of Malaysia and Shariah perspective in regards to BBA practices. Critical analysis from the existence literature is employed to answer the objective of the paper. It shows that the dispute happened due the customer has less understanding regarding the contract in BBA. The court cases that occurred between the bank and the customer were always won by the bank because the bank has more legality and the judge won the bank in order to maintain the good image of Islamic bank in the eye of public.

Keywords: BBA; Shariah; Bank; Customer; Financing (search for similar items in EconPapers)
JEL-codes: P48 (search for similar items in EconPapers)
Date: 2013-01-28, Revised 2012-12-14
New Economics Papers: this item is included in nep-sea
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