| Despite the existence of Shariah advisory councils, Islamic banks and financial institutions in Malaysia may be failing to carry out their duties. An article in this month's JSSH investigates transactions on purchasing houses specifically on transactions involving houses pending completion using the current practice of 'sale by deferred payment' also known as Bay' Bithaman al-Ajil (BBA).
Islamic banking gained foothold in Malaysia, with the establishment of Bank Islam Malaysia Berhad in 1983 and facilities have since expanded............................................Full Article: Source
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