Professional Documents
Culture Documents
Aziz
Allah says: Is it ye that cause it to grow, or are We the cause Surah al-Waqiah (64)
Objective
The objective of this paper is to explore and compare the Islamic banking products and services offered by the bank between 2008 and 2012 in order to analyze the differences, development and improvement of Islamic banking products and services offered by the bank within the time frame, as the current aims of the bank is to be a full Islamic bank by 2015.
Methodology of Research
The methodology of research in this paper is through document analysis, interviews with relevant Agro Banks officers and observation from pamphlets and website of the bank.
Agro Bank
Commercial Funds
Special Funds
Products in 2008
1. Fund for Food (3F Loan) 2. Bumiputera Industrial and Business Community Scheme (MPPB) 3. Commercial Agriculture Graduate Entrepreneur Scheme (SUTKS) 4. Youth Farmers Scheme-i
Products in 2012
1. Fund For Food (3F) 3F is a term loan facility provided as a working capital for the investment in food production, processing, warehousing /cold storage room facilities and marketing Eligibility: Individual, Partnership, Company Malaysian-owned company (minimum ownership of 51%) Repayment Period: Maximum 10 years Loan Amount Minimum RM10,000 and maximum RM5.0 million or up to RM10.0 million
Conclusion
Agro Bank needs to improve: 1. Offer different contracts in fiqh muamalat such as al-Musaqat, al-Muzaraah, Bay alSalam. 2. Products innovation such as developing idle waqf lands in this country.