Publication:
Deposit Insurance in Malaysia: Shariah Perspective and Muslims Acknowledgement

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dc.contributor.authorNor Haziah Hashimen_US
dc.contributor.authorSyahidawati Shahwanen_US
dc.date.accessioned2024-05-29T08:19:25Z
dc.date.available2024-05-29T08:19:25Z
dc.date.issued2010
dc.description.abstractDeposit insurance is an insurance system established by policy makers in many countries to protect depositors against the loss of their deposits which are placed in bank(s) in the event of a 'run' on a bank. The United States was the first country to establish an official deposit insurance scheme during the Great Depression banking crisis in 1934, during which large number of customers of a bank withdrew their deposits because they feared it might become insolvent. In Malaysia, the system was launched on September 2005, and administered by the Malaysia Deposit Insurance Corporation (MDIC). This article will discuss the concept and historical aspect of deposit insurance and also the operation of Malaysia Deposit Insurance Corporation (MDIC). In addition to that, this article also discusses the Shariah perspective on this measure. A short survey was also administered to determine the public awareness and understanding of the scheme.en_US
dc.identifier.epage32
dc.identifier.issn1823-075X
dc.identifier.issue1
dc.identifier.spage17
dc.identifier.urihttp://jmifr.usim.edu.my/index.php/jmifr/article/view/120
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/14443
dc.identifier.volume7
dc.languageEnglish
dc.language.isoen_USen_US
dc.publisherUniversiti Sains Islam Malaysiaen_US
dc.relation.ispartofThe Journal of Muamalat and Islamic Finance Researchen_US
dc.sourceOpen Journal Systems
dc.subjectDeposit insuranceen_US
dc.subjectShariah perspectivesen_US
dc.subjectMDICen_US
dc.titleDeposit Insurance in Malaysia: Shariah Perspective and Muslims Acknowledgementen_US
dc.typeArticleen_US
dspace.entity.typePublication

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