Abstract
Islamic Accepted Bill (IAB) is one of the Islamic financial instruments that are traded in Islamic Inter-bank Money Market (IIMM). IABs are traded based on Murabahah and Bay’ al Dayn concepts similar to the other financial instruments such as Green-bankers acceptances, Islamic mortgage bonds and Islamic private debt securities. The IIMM, in turn, is the place where a set of activities are carried out including purchase and sale of Islamic financial instruments among market participants, inter-bank investment activities and a cheque clearing and settlement.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Al-Shirazi. (n.d.). Al-Muhadhab, vol. 1.
Al-Zuhili, Bay’ al Dayn in the Shari’ah.
Bank Negara Malaysia. (1993). Guidelines on Interest-Free Accepted Bills, 4 March.
Majallah al-Ahkam al-Adliyyah.
Rosely, S. A. (2003). ‘Islamic Project Financing in Malaysia’. A Collection of Articles on Islamic Banking and Finance.
Yakob, N. M. (1995). ‘Money Market in Islamic Banking: The Problems of Thin Trading’. Paper Presented in the Conference on SPTF and Islamic Banking Products, December.
Author information
Authors and Affiliations
Rights and permissions
Copyright information
© 2019 The Author(s)
About this chapter
Cite this chapter
Billah, M.M. (2019). Islamic Accepted Bills. In: Islamic Financial Products. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-17624-2_16
Download citation
DOI: https://doi.org/10.1007/978-3-030-17624-2_16
Published:
Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-030-17623-5
Online ISBN: 978-3-030-17624-2
eBook Packages: Economics and FinanceEconomics and Finance (R0)