Banks’ Gifts in Islamic Financial Institutions
This paper is a discussion about prizes in Islamic financialinstitutions, highlighting the different advantages and disadvantages of currentaccount. The paper consists of prizes offered by Islamic banks to clients, whichcan be divided according to their type into: a) the rewards and material benefit...
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| Format: | Electronic Article |
| Language: | English |
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| Fernleihe: | Fernleihe für die Fachinformationsdienste |
| Published: |
[publisher not identified]
2021
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| In: |
Intellectual discourse
Year: 2021, Volume: 29, Issue: 1, Pages: 117-130 |
| Online Access: |
Volltext (lizenzpflichtig) |
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| 520 | |a This paper is a discussion about prizes in Islamic financialinstitutions, highlighting the different advantages and disadvantages of currentaccount. The paper consists of prizes offered by Islamic banks to clients, whichcan be divided according to their type into: a) the rewards and material benefits,b) Intangible rewards and benefits. The paper discusses ruling on prizes andgifts for current accounts. The ruling on the bank offering prizes and gifts tocurrent account holders. The ruling on offering prizes and benefits that are notrequired and do not take into account the amounts deposited in the currentaccount. The ruling on offering rewards and benefits to the bank’s clientswithout being specific to current account holders. To fulfil the objective of thispaper, qualitative approach is used. The paper is organized into the followingissues with three sections. First section is related to the discussion on truthabout prize giving by Islamic banks, which consist on rulings on prizes andgifts in current accounts and jurisprudential conceptualisation for the currentaccount. The second section is rulings on prize giving in current accountsand rulings regarding prices and gifts. The third section is research on rulingsregarding prize giving in investment accounts. | ||
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