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Prize-giving to the premium savings certificate holders: AShari'ah compliance review on the Bank Simpanan Nasional (National Savings Bank) in Malaysia


  • Mohd. Sawari
  • Razi Hassan
  • Faruk Abdullah


Purpose - Considering the popularity of the premium savings certificate (PSC) of the National Savings Bank of Malaysia (Bank Simpanan Nasional (BSN)) the paper aims to justify the Design/methodology/approach - Inductive methodology is first used to obtain a basic understanding of this product and the characteristics of Findings - The paper argues that the underlying contract used in PSC violates the conditions of w Originality/value - In particular, it attracts the attention of BSN management to change their product's features. In general, it discovers a non-

Suggested Citation

  • Mohd. Sawari & Razi Hassan & Faruk Abdullah, 2011. "Prize-giving to the premium savings certificate holders: AShari'ah compliance review on the Bank Simpanan Nasional (National Savings Bank) in Malaysia," International Journal of Islamic and Middle Eastern Finance and Management, Emerald Group Publishing, vol. 4(3), pages 259-270, August.
  • Handle: RePEc:eme:imefpp:v:4:y:2011:i:3:p:259-270

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