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  2. Bank Muamalat - Wikipedia

    en.wikipedia.org/wiki/Bank_Muamalat

    Bank Muamalat Indonesia (BMI), commonly called as Bank Muamalat, is a commercial bank in Indonesia operating on the principles of Islamic banking. The bank was founded in 1 November 1991, based on the initiative of the Indonesian Council of Ulamas (MUI) and under the auspices of the Government of Indonesia . [ 1 ]

  3. Bank Muamalat Malaysia - Wikipedia

    en.wikipedia.org/wiki/Bank_Muamalat_Malaysia

    The bank was based on a profit sharing model and its products weren't linked to the Bank Indonesia discount rate, thus surviving to the 1997 Asian financial crisis which increased the mean interest rate of the other Indonesian banks. [citation needed] DRB-HICOM holds 70% shares in the Bank while Khazanah Nasional Berhad holds the remaining shares.

  4. List of banks in Malaysia - Wikipedia

    en.wikipedia.org/wiki/List_of_banks_in_Malaysia

    Bank Rakyat, Muamalat, OCBC Bank do not co-brand their cards except for ATM use only. Maybank has the largest capitalisation in Malaysia in June 2018. Central Bank of Malaysia expects all debit cards issued in Malaysia to be co-branded with the local network 'MyDebit' latest by the year 2017. [12]

  5. Islamic banking and finance - Wikipedia

    en.wikipedia.org/wiki/Islamic_banking_and_finance

    The bank, in an effort to secure its loan, will place a lien (a charge) on the property, so that if the borrower does not repay the loan, the bank gets the right to foreclose on the borrower's right to hold title and have the title be transferred to the bank (or the house be auctioned and the proceeds received by bank).

  6. Islamic finance products, services and contracts - Wikipedia

    en.wikipedia.org/wiki/Islamic_finance_products...

    Unlike conventional financing, the bank is compensated for the time value of its money in the form of "profit" not interest, [85] and any penalties for late payment go to charity, not to the financier. [82] [Note 7] Economists have questioned whether Murabahah is "economically indistinguishable from traditional, debt- and interest-based finance."

  7. Payments Network Malaysia - Wikipedia

    en.wikipedia.org/wiki/Payments_Network_Malaysia

    Payments Network Malaysia Sdn Bhd (PayNet) is the national payments network and shared central infrastructure for Malaysia’s financial markets. It was formed from the merger between the Malaysian Electronic Payment System (MEPS) and Malaysian Electronic Clearing Corporation Sdn Bhd (MyClear) on 1 August 2017. [ 1 ]

  8. Mu'amalat - Wikipedia

    en.wikipedia.org/wiki/Mu'amalat

    Muamalat (also muʿāmalāt, Arabic: معاملات, literally "transactions" [1] or "dealings") [2] is a part of Islamic jurisprudence, or fiqh. Sources agree that muamalat includes Islamic "rulings governing commercial transactions" [ 3 ] and Majallah al-Ahkam al-Adliyyah). [ 4 ] [

  9. Profit and loss sharing - Wikipedia

    en.wikipedia.org/wiki/Profit_and_loss_sharing

    Instead of lending money to banks at a rate of 6.5% for them to lend to exporting firms at 8% (as it does for conventional banks), it uses a musharaka pool where instead of being charged 8%, firms seeking export credit are "charged the financing banks average profit rate based on the rate earned on financing offered to ten 'blue-chip' bank ...