TABLE OF CONTENT
NO. TITLE PAGES
1. ➢ 1.0 ACKNOWLEDGEMENT 1
2. ➢ 2.0 OBJECTIVES OF STUDY 1
3. ➢ 3.0 BACKGROUND OF ISLAMIC FINANCIAL INSTITUTIONS 2-3
• 3.1 INTRODUCTION
• 3.2 OBJECTIVES
• 3.3 BACKGROUND OF IFIs CHOSEN (BANK MUAMALAT)
4. ➢ 4.0 SHARI’AH CONTRACT PRACTICED BY BANK MUAMALAT 4-8
• 4.1 BACKGROUND OF MURABAHAH CONTRACT
• 4.2 MURABAHAH CONTRACT IN BANK MUAMALAT
5. ➢ 5.0 ISSUES & CHALLENGES ARISE FROM THE CONTRACT 9
6. ➢ 6.0 BENEFITS & DRAWBACKS OF MURABAHAH CONTRACT 10
7. ➢ 7.0 CONCLUSION OF ISSUES & CHALLENGES ARISE FROM THE 11
CONTRACT
8. ➢ 8.0 APPENDIX 12
, 1.0 ACKNOWLEDGEMENT
First of all, we are thankful to Mrs. Farhana Binti Ariffin, Bank Muamalat officers for
taking her time to be interviewed by us. She was very friendly and gave us a good cooperation
during the interview session through the phone. We really appreciate all the information she
provides us.
We are also grateful to our beloved lecturer of this subject, Dr. Wan Zurina for guided
and assisted us in doing this assignment until we managed to finish it.
Besides, all of us would like to express our sincere thanks towards the members of
this group who have given full cooperation and devoted their time to have a discussion group
whenever one of us asked for it although everybody was busy with their own affairs, tests,
quizzes and so on during the implementation of this assignment. We are grateful towards our
own members who are always helpful if any of us need help.
Nevertheless, we also want to express our gratitude towards our families and
colleagues for their kind encouragement which help us in completion of this assignment.
2.0 OBJECTIVES OF STUDY
1. To explain the way contract is practiced in the IFIs
2. To analyse the issues and challenges faced by the IFIs in implementing the contract.
3. To discuss the benefits gained from the contract.
1|Page
NO. TITLE PAGES
1. ➢ 1.0 ACKNOWLEDGEMENT 1
2. ➢ 2.0 OBJECTIVES OF STUDY 1
3. ➢ 3.0 BACKGROUND OF ISLAMIC FINANCIAL INSTITUTIONS 2-3
• 3.1 INTRODUCTION
• 3.2 OBJECTIVES
• 3.3 BACKGROUND OF IFIs CHOSEN (BANK MUAMALAT)
4. ➢ 4.0 SHARI’AH CONTRACT PRACTICED BY BANK MUAMALAT 4-8
• 4.1 BACKGROUND OF MURABAHAH CONTRACT
• 4.2 MURABAHAH CONTRACT IN BANK MUAMALAT
5. ➢ 5.0 ISSUES & CHALLENGES ARISE FROM THE CONTRACT 9
6. ➢ 6.0 BENEFITS & DRAWBACKS OF MURABAHAH CONTRACT 10
7. ➢ 7.0 CONCLUSION OF ISSUES & CHALLENGES ARISE FROM THE 11
CONTRACT
8. ➢ 8.0 APPENDIX 12
, 1.0 ACKNOWLEDGEMENT
First of all, we are thankful to Mrs. Farhana Binti Ariffin, Bank Muamalat officers for
taking her time to be interviewed by us. She was very friendly and gave us a good cooperation
during the interview session through the phone. We really appreciate all the information she
provides us.
We are also grateful to our beloved lecturer of this subject, Dr. Wan Zurina for guided
and assisted us in doing this assignment until we managed to finish it.
Besides, all of us would like to express our sincere thanks towards the members of
this group who have given full cooperation and devoted their time to have a discussion group
whenever one of us asked for it although everybody was busy with their own affairs, tests,
quizzes and so on during the implementation of this assignment. We are grateful towards our
own members who are always helpful if any of us need help.
Nevertheless, we also want to express our gratitude towards our families and
colleagues for their kind encouragement which help us in completion of this assignment.
2.0 OBJECTIVES OF STUDY
1. To explain the way contract is practiced in the IFIs
2. To analyse the issues and challenges faced by the IFIs in implementing the contract.
3. To discuss the benefits gained from the contract.
1|Page
