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The growth of unclaimed inheritance in Malaysia is an issue that requires a serious action. Absence of awareness on procedures about the distribution of dead’s people estates worth more than RM60 billion have not been claimed by their beneficiaries since independence of Malaysia. The purpose of this paper is to find out the intention barriers factors for not buying Wasiyyah (Islamic will writing)product among customers of BSN bank. A qualitative approach was used through face-to-face structured interviews to identify the intention factors and awareness level concerning the subscription on Wasiyyah under the BSN bank. The findings reveal that most interviewees are aware of Wasiyyah and its benefits, they were not aware that BSN bank offers such product which shows the need of promotion. The study also found that Wasiyyah is not widely used among Malaysians and they are not interested to subscribe under the BSN bank(or other banks).The study is useful to improve the awareness level of Malaysian concerning the estate planning as well as elaborate the advantages of Wasiyyah. More specifically for BSN bank, this study will enhance the long-term survival of the banks by attracting the customers, whilethe bankers will set up different marketing campaigns for the client based on their level of awareness and preferences.

Keywords

Wasiyyah, Will Writing, Inheritance, BSN Bank, Wealth Management,

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Conceptual Study:Barriers of Islamic Estate Planning

Abstract Views :218 | PDF Views:64

Authors

Mohamed Bouteraa ¹

Affiliations
1 College of Business (COB), University Utara Malaysia (UUM), Sintok 06010 Kedah, MY

Source

IBMRD's Journal of Management & Research, Vol 8, No 1 (2019), Pagination: 28-34

Abstract

The estate planning is subset of the financial planningwhich has a direct impact on the individual and the country as well. The objective of this paper is to explore the concept of the Islamic estate planning and its current practice and behavioural factors. The study conducted the observations and descriptive analysis approaches which consist of documents analysis, and observations in few phases. The findings indicate that that the Malaysian have neglected the Islamic estate planning due to lack of awareness even though Quran and Sunnah recommend it.

Keywords

Islamic Estate Planning, Wasiyyah, Hibah, Fra'id, Inheritance.

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Descriptive Approach of Green Banking in the United Arab Emirates (UAE)

Abstract Views :327 | PDF Views:80

Authors

Mohamed Bouteraa ¹

Affiliations
1 Ph.D. In Islamic Finance and Banking, Islamic Business School, College of Business, Universiti Utara Malaysia, MY

Source

IBMRD's Journal of Management & Research, Vol 9, No 1 (2020), Pagination: 1-9

Abstract

Go Green is the need of the hour for survival in all scopes due to the side effects of financial development which has resulted in climate change and environmental damage. Banks can certainly play a proactive role between financial development and environmental protection. Banks of this kind is named as “Green Banking”. Green Banking refers to assuring eco-friendly financial activities and thus the elimination of internal and external carbon. Green banking initiatives and practices are useful for the environment, society and financial institution. This article attempts to review the literature on Green Banking in the scope of the presented the status of the UAE's banks as far as green banking adoption is concerned. It has also highlighted the main initiatives, benefits, challenges, of Green Banking in the UAE. It is found that there green banking is a critical issue for the UAE; therefore, considerable initiatives have been taken in this regard by the banks and government, but green banking practices are still a challenging task due to the low adoption by the consumer.

Keywords

Climate Change, Eco-Friendly Practices, Environmental Protection, Financial Development, Green Banking, Sustainable Development.

Full Text

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