Contracts, Structures, and Computation Mechanisms of Islamic Bank Retail Financing Products: A Critical Assessment

  • Buerhan SaitiEmail author
  • Hishamuddin Abdul Wahab
  • Khaliq Ahmad
Part of the Palgrave CIBFR Studies in Islamic Finance book series (PCSIF)


This chapter discusses Islamic bank retail financing, its instruments, and operations. The discussion demonstrates that it is essential to have a banking system based on Shariah principles that fulfill the needs of Muslim consumers. The chapter examines the various personal financing products, their underlying Islamic contracts, and their computational mechanisms with appropriate examples. It also critically evaluates the products of Islamic bank retail financing. The availability of various personal financing instruments in Islamic banks allows Muslim consumers to achieve their financing needs. Moving forward, a greater variety of instruments that invite fewer Shariah issues must be offered in the market to ensure a more vibrant Islamic banking system.


Islamic finance Islamic banking Retail financing 


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Copyright information

© The Author(s) 2017

Authors and Affiliations

  • Buerhan Saiti
    • 1
    Email author
  • Hishamuddin Abdul Wahab
    • 2
  • Khaliq Ahmad
    • 1
  1. 1.Institute of Islamic Banking and Finance (IIiBF), Kuala LumpurSelangorMalaysia
  2. 2.Universiti Sains Islam Malaysia (USIM)Kuala LumpurMalaysia

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