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Principles, operation and customer perception on Islamic charge card in Al-Rajhi Bank Malaysia


Ahmad Razimi, Mohd Shahril and Romle, Abd Rahim and Md Hussain, Muhammad Nasri (2017) Principles, operation and customer perception on Islamic charge card in Al-Rajhi Bank Malaysia. World Journal of Islamic History and Civilization, 7 (1). pp. 1-6. ISSN 2225-0883

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Abstract

The introduction of Islamic Credit or Charge Card has given more option on payment transaction. Islamic Cards are based on Syariah compliance instruments and follows the Islamic ways of teaching.This paper will discuss the Islamic Charge Card product offered by Al Rajhi Bank Malaysia and the difference compared to some conventional financial Institution. Islamic Card as a payment that meet at least three criteria of Islamic principle.Card must meet the syariah requirement on lending. It must ditch three essential prohibitions in the Islamic finance which are riba, gharar and maysir.Majority of the customers are satisfied with the Syariah law applied especially with the no minimum payment and no finance charges, Different usage indicators measured in the study show that customers have utilize credit cards for different purposes.

Item Type: Article
Uncontrolled Keywords: Islamic Charge Card; Customer Perception; Al-Rajhi Bank Malaysia
Subjects: B Philosophy. Psychology. Religion > BP Islam. Bahaism. Theosophy, etc
H Social Sciences > HG Finance
Divisions: Islamic Business School
Depositing User: Dr. Mohd Shahril Ahmad Razimi
Date Deposited: 30 Apr 2017 03:50
Last Modified: 30 Apr 2017 03:50
URI: http://repo.uum.edu.my/id/eprint/21914

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