Saturday, July 25, 2009

1-Why this blog was set-up?

Assalamu alaikum warahmatullah and good day!

Effective today, Saturday 25th July 2009, the writer shall be writing about practical "step by step procedures and practises" on Islamic banking in Malaysia couple with comparative analysis between Islamic and Conventional Banking. This blog will cover various types of Islamic banking products (including the relevant Shariah principle applicable to the products), how bank calculates and share profits with their customers, why Islamic banking products are cheaper than the conventional products (yet profitable to the Bank) and other relevant issues relating to Islamic Banking.The writer shall also comment other products offered by Islamic banks outside Malaysia.

It should be noted that the Writer will be writing at his own time thus, for those who are doing research etc where you need immediate information, suggest you look for other Islamic banking websites and sources. What will make this blog different from the others, is that the Writer shall be writing on his "practical experiences,  actual application and implication (covering accounts, operations, risk,a audit etc), including actual examples" which you may normally not get from other websites. 

For those who are interested for updates, suggest you register yourself under " Follow by email" as whenever this blog is updated, you will be automatically updated. However, the Writer would like to disclaim all liabilities in relation to your email addresses (from use or abuse) as the "Follow by email" software belongs to a third party.

For those who are keen to get fee copy of the "Islamic Banking e-Book" (old version) you may register under "Join this site - Followers". Whenever an updated version is ready for distribution, you may request the same, also for free.

All materials to be posted in this blog may be used, copied, reprint and distributed for sharing purposes but not for commercial benefits. However the Writer would sincerely appreciate that , if articles from this blog are used as reference,  the user to mention this blog address  http://www.islamicbankingway.com/ basically to assist the Writer in his campaign to get more visitors to his blog.

The writer also welcome comments, articles, opinion and constructive criticism for the benefits of all "ummah" and also for benefits of non-Muslims who are keen to know about Islamic Banking operations and most importantly to Muslims, who are still "indifference" about Islamic banking.

Thank you and Allah knows best.

Ismail Hj Aminuddin
IslamicBankingWay.Com

Wassalam