Understanding the Concept of Riba and the Measurement of Riba-based Components of Shariah-compliant Securities in Malaysia
Shariah-compliant securities are becoming more significant to Malaysia whereby the number of listed companies on Bursa Malaysia stock exchange is increasing. The focal purpose of this paper is to depict the understanding of riba an-nasiya and measurement of riba-based components within a business's statements of financial position in relevance to Shariah-compliant securities in Malaysia. A conceptual analysis is the main methodology of this paper. It is concerning the concept of riba and the riba-based components of Shariah-compliant securities in Malaysia. The mindfulness of riba and the measurement of riba ratios considered within the Shariah-compliant securities is anticipated to supply to the body of knowledge of Islamic marketing and to the practitioners of Islamic finance, marketing professionals, policy makers, and potential investors in terms of conceptual level.
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