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Islamic Accepted Bills

  • Mohd Ma’Sum Billah
Chapter

Abstract

Islamic Accepted Bill (IAB) is one of the Islamic financial instruments that are traded in Islamic Inter-bank Money Market (IIMM). IABs are traded based on Murabahah and Bay’ al Dayn concepts similar to the other financial instruments such as Green-bankers acceptances, Islamic mortgage bonds and Islamic private debt securities. The IIMM, in turn, is the place where a set of activities are carried out including purchase and sale of Islamic financial instruments among market participants, inter-bank investment activities and a cheque clearing and settlement.

References

  1. Al-Shirazi. (n.d.). Al-Muhadhab, vol. 1.Google Scholar
  2. Al-Zuhili, Bay’ al Dayn in the Shari’ah.Google Scholar
  3. Bank Negara Malaysia. (1993). Guidelines on Interest-Free Accepted Bills, 4 March.Google Scholar
  4. Majallah al-Ahkam al-Adliyyah.Google Scholar
  5. Rosely, S. A. (2003). ‘Islamic Project Financing in Malaysia’. A Collection of Articles on Islamic Banking and Finance.Google Scholar
  6. Yakob, N. M. (1995). ‘Money Market in Islamic Banking: The Problems of Thin Trading’. Paper Presented in the Conference on SPTF and Islamic Banking Products, December.Google Scholar

Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Mohd Ma’Sum Billah
    • 1
  1. 1.Islamic Economics InstituteKing Abdulaziz UniversityJeddahSaudi Arabia

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