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dc.contributor.authorHamidi, M Luthfi
dc.contributor.authorWorthington, Andrew
dc.description.abstractThis paper discusses Islamic social banking (ISB). We frst critically examine current practice in Islamic banking (IB) and any deviations from core Islamic principles. These can lead to the apparent social failure of IB given that it will then fail to improve on the economic development of ordinary people. We draw comparison with the generally positive contribution of social banking (SB) to be inserted in IB as a means to create a synthesis in the form of ISB. Theoretically, we fnd IB and SB share similar 3P principles (Proft, Planet, People) in their operations. We extend these principles to another P (for Prophet) to cover the thoughts and guidance of Islam as ethical guidance for ISB to develop framework based on 4P. We suggest an approach to evaluate the social outcomes of ISB and some good SB practices to be considered
dc.publisherNational University of Malaysia Press
dc.relation.ispartofjournalJurnal Ekonomi Malaysia
dc.subject.fieldofresearchFinancial Institutions (incl. Banking)
dc.titleIslamic social banking: The way forward
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.facultyAn Unassigned Group, An Unassigned Department
gro.hasfulltextNo Full Text
gro.griffith.authorWorthington, Andrew C.
gro.griffith.authorHamidi, M Luthfi

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