Musharakah Tijarah cross-border financing : concept, structure and salient features
Joint Authors
Salah al-Din, Sharullizuannizam
Saiti, Burhan
Source
International Journal of Islamic Economics and Finance Studies
Issue
Vol. 2, Issue 3 (30 Nov. 2016), pp.1-25, 25 p.
Publisher
Centre of Political Economical and Social Research
Publication Date
2016-11-30
Country of Publication
Turkey
No. of Pages
25
Main Subjects
Economics & Business Administration
Abstract EN
Musharakah Tijarah Cross-Border Financing (“Product”) is the product to enable the Bank to undertake project and contract cross-border financing activities or other identified business ventures on “pure” Joint Venture basis, using the underlying Islamic financing contract of Musharakah.
Musharakah concept has a low market share of less than 2.5% in the overall existing Islamic financing products in Malaysia.
This product encourages mobilization of idle capital / cash entities and thus provides a basis for economic cooperation between these organizations in the society.
The product also is expected to inject greater prosper to the Bank’s overall performance and ultimately able to assist small time landowners in a big way through business risk sharing.
Musharakah provides an alternative investment, which will cater for Islamic investors and partners, especially from GCC, who may have been reluctant to invest in conventional or current debt-based financing scheme.
With Musharakah concept, the most preferred and globally accepted Islamic financing, this can attract these investors to participate on similar risk-sharing arrangements through the creation of Specific Investment Account (SIA) or Islamic Syndication to back financing made into the Joint Venture.
American Psychological Association (APA)
Salah al-Din, Sharullizuannizam& Saiti, Burhan. 2016. Musharakah Tijarah cross-border financing : concept, structure and salient features. International Journal of Islamic Economics and Finance Studies،Vol. 2, no. 3, pp.1-25.
https://search.emarefa.net/detail/BIM-786255
Modern Language Association (MLA)
Salah al-Din, Sharullizuannizam& Saiti, Burhan. Musharakah Tijarah cross-border financing : concept, structure and salient features. International Journal of Islamic Economics and Finance Studies Vol. 2, no. 3 (Nov. 2016), pp.1-25.
https://search.emarefa.net/detail/BIM-786255
American Medical Association (AMA)
Salah al-Din, Sharullizuannizam& Saiti, Burhan. Musharakah Tijarah cross-border financing : concept, structure and salient features. International Journal of Islamic Economics and Finance Studies. 2016. Vol. 2, no. 3, pp.1-25.
https://search.emarefa.net/detail/BIM-786255
Data Type
Journal Articles
Language
English
Notes
Includes appendices : p. 23-25
Record ID
BIM-786255