Islamic Banking: Dynamics and Comparation, Indonesia and Malaysia

DOI

10.2991/978-2-38476-208-8_4How to use a DOI?

Keywords

Islamic Banks; Sharia Bank; Comparation

Abstract

The birth of Islamic banks around 1940 was initially motivated by the desire of the people to have other alternatives besides conventional banks. This thinking is mainly related to the operationalization of conventional banks which in the concept and context of Islamic teachings contain elements that are not in accordance with sharia principles. The elements that do not fit in question are gharar, usury, and maisir. This article aims to reveal the development of Islamic banking in Malaysia and Islamic banking in Indonesia, especially from the regulatory aspect. Based on the systematics, the Islamic Bank Act 1983 when compared with Law Number 21 of 2008 concerning Islamic Banking, there are several similarities and differences.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Asep Rozali
AU  - Jafar Sidik
PY  - 2024
DA  - 2024/02/17
TI  - Islamic Banking: Dynamics and Comparation, Indonesia and Malaysia
BT  - Proceedings of the International Seminar on Border Region (INTSOB 2023)
PB  - Atlantis Press
SP  - 15
EP  - 20
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-208-8_4
DO  - 10.2991/978-2-38476-208-8_4
ID  - Rozali2024
ER  -