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

Author

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  • Azman Mohd Noor
  • Rafidah Mohd Azli

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.

Suggested Citation

  • Azman Mohd Noor & Rafidah Mohd Azli, 2009. "A review of SharENah compliant instruments for Islamic credit cards as adopted by Malaysian Financial Institutions," International Journal of Monetary Economics and Finance, Inderscience Enterprises Ltd, vol. 2(3/4), pages 221-238.
    • Handle: RePEc:ids:ijmefi:v:2:y:2009:i:3/4:p:221-238
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