Salam
I must apoligize for not able to update this blog since late last year. For past months I've been busy sorting-up my retirement plan and also have been travelling overseas (month than a month) since early March and only back to KL recently. Insha'Allah, I will be writing again hereon.
Instead of writing according to my earlier proposed contents (Article 4 i.e. starting with deposit products and then financing) ......I would like to touch on latest financing product in the market instead i.e. Diminishing Musharakah (DM). It's a very interesting product but some banks are offering this product akin to debt financing. Infact, if we examine carefully, DM can be more expensive than the normal fixed rate debt financing products. Although I totally support the introduction of DM (its high time..... as we have been offering debt financing since 1983), I think it can be structured more akin to real musharakah. We shall examine this in my next article.
IslamicBankingWay.Com
ALLAH KNOWS BEST
Assalamu alaikum and good day to all visitors of this blog. Effective today (25th July 2009), I will be writing from time to time on the Islamic banking practises in Malaysia. My purpose for setting this blog is to share my Islamic banking knowledge and experiences to create awareness on Islamic banking practises to internet users throughout the world. Appreciate if you can share this blog address with others.
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