What is it about?
This publicationis about the concept of bilateral rebate and its application in Islamic banking operation.
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Why is it important?
This publication gives a clear explanation on the application of bilateral rebate as a tool to make Islamic banking operation competitive with its conventional counterpart.
Perspectives
Bilateral rebate has been explicated by the classical jurists in their scholarly works but its application in modern Islamic banking is obviously significant in ensuring competitiveness of Islamic banking products and services.
Dr. Mohamed Fairooz Abdul Khir
International Shari'ah Research Academy for Islamic Finance (ISRA)
Read the Original
This page is a summary of: Bilateral rebate (ibra’ mutabadal) in Islamic banking operation: a critical appraisal, International Journal of Islamic and Middle Eastern Finance and Management, August 2016, Emerald,
DOI: 10.1108/imefm-07-2015-0085.
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