alexa Empirical Research on Rate of Return, Interest Rate and
ISSN: 2472-114X

International Journal of Accounting Research
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Research Article

Empirical Research on Rate of Return, Interest Rate and Mudharabah Deposit

Inten Meutia*

Universitas Sriwijaya, PALEMBANG, Sumatera Selatan, Indonesia

*Corresponding Author:
Inten Meutia
Universitas Sriwijaya, PALEMBANG
Sumatera Selatan, Indonesia
Tel: 0711-580964
Fax: 0711-580646
E-mail: [email protected]

Received Date: July 12, 2016; Accepted Date: November 07, 2016; Published Date: November 15, 2016

Citation: Meutia I (2016) Empirical Research on Rate of Return, Interest Rate and Mudharabah Deposit. Int J Account Res 4:141. doi:10.4172/2472-114X.1000141

Copyright: © 2016 Meutia I. This is an open-access article distributed under the terms of the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original author and source are credited.

 

Abstract

Islamic banking was introduced in Indonesia in 1992 with the long-term objective of having a full-fledged Islamic banking system running parallel with the existing conventional banking system. To be competitive in the dual banking system, the basic strategy that Islamic banks should have offer Shariah-compliant services which match those offered by the conventional banks. Since interest is prohibited in Islam, Islamic bank services are based on profits and other interest-free Islamic principles. Hence, Islamic banks accept demand and savings deposits based on safe-keeping (wadiah) while investment deposits based on profit sharing (mudarabah). Islamic bank financing is offered varieties of principles such as credit sale (bai bithamin ajit), profit sharing (mudarabah, musyarakah), leasing (ijarah) and hire-purchase.

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