By Ahmad Aizuddin Hamzah, Farah Shazwani Ruzaiman & Haneffa Muchlis Gazali
Abstract
The Islamic investment deposit product is one of the tools which increases the capital source of the Islamic financing facilities. As an alternative to the conventional interest-based investment deposit product, the Islamic bank used the profit sharing analysis or also known as mudarabah contract for their investment product. But, despite a few issues with mudarabah investment deposit product and additional rules of the Islamic Financial Service Act 2013 on the Islamic deposit product, many Islamic bank looks at other alternative on their investment deposit facility. Therefore, the introduction of commodity murabahah or tawarruq-based deposit could be the best alternative to take its place. Hence, this paper aims to explore the current Islamic deposit products which are available in Malaysia market. The discussion will include the shariah contract used, the product mechanism and framework and the differences.
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