CREDIT CARDS IN PALESTINIAN ISLAMIC BANKS FIGH APPLIED STUDIES
| dc.contributor.author | Hourani, Duaa | |
| dc.date.accessioned | 2022-10-18T06:41:19Z | |
| dc.date.available | 2022-10-18T06:41:19Z | |
| dc.date.issued | 2022-02-07 | |
| dc.description | This thesis tries to answer one main question: what is the role of credit cards in Islamic banks? Multiple questions can be derived from the previous one such as: what are the types of credit cards that are found in Palestinian Islamic banks? And what are the most important related services? What is the needed amount of fees? How do shariah authorities essentialize credit cards? What are the legitimate constraints in this regard? And how is it assessed in the light of controls added by the shariah authority of monetary authority for credit cards? And in light of AAIOFI standards? And what are the similarities and differences among credit cards issued by Palestinian Islamic banks and credit cards issued by commercial banks in terms of types, fees, returns and services. The researcher followed an analytical descriptive inductive approach through gathering information from multiple scientific and factual sources, and presenting them, and trying analyzing and discussing them. A questionnaire was prepared to know the extent of use of bank credit cards in the Palestinian society and the degree of satisfaction among users. This study is distinct from other studies about credit cards as it focuses on credit cards that are issued by Palestinian Islamic banks with the aim of identifying it role, services, features, fees, assessment in terms of both Islamic law and service, and compares it with the role of credit cards issued by Palestinian usurious banks to identify shortcomings and distinctions. The study is divided into three chapters. The first chapter touches upon the definition of credit cards and the juridical shariah rule in regard. The second chapter considers the type of credit cards in Palestinian Islamic banks and its services and how it is essentialized by the shariah authority. However, the third chapter deals with analyzing and assessing credit cards in Palestinian Islamic banks. The researcher concluded some results, the most important of which are: Palestinian Islamic banks adhered to the standards of the shariah authority of the monetary authority and the AAUFI foundation, with regard to the fact that the fees on the card are a lump sum, not a percentage. However, some banks violated those standards in terms of making fees categories depending on categories of credit ceilings. There is also a violation of AAUFI's standards of transparency and disclosure. It is also unclear how the annual fees distributed in monthly installments were calculated in lending cards, and whether this is proportional to the actual cost or not. In practice, the bank's discounted commissions are also charged to the cardholder in clear violation of AAUFI standards. Credit cards issued by usurious banks are distinct from that issued by Islamic ones in terms of the huge number of clients and holders, the multitude of types, the diversity of it benefits and services, the range of it credit ceilings, and its high prevalence. However, Islamic banks are characterized by not taking any benefits on the cards. They only take the benefit of a 1% fee per month in the facilitation card, unlike commercial banks that take the benefit of a 2% fee per month on delayed payments and Payment by instalments. Among the reasons for the widespread proliferation of usurious bank cards are the diversity of their services and advantages, the presence of significant promotion, the abuse of employees in Islamic banks and their lack of difference between Islamic and commercial banks in relation to these cards. | en_US |
| dc.description.abstract | This thesis tries to answer one main question: what is the role of credit cards in Islamic banks? Multiple questions can be derived from the previous one such as: what are the types of credit cards that are found in Palestinian Islamic banks? And what are the most important related services? What is the needed amount of fees? How do shariah authorities essentialize credit cards? What are the legitimate constraints in this regard? And how is it assessed in the light of controls added by the shariah authority of monetary authority for credit cards? And in light of AAIOFI standards? And what are the similarities and differences among credit cards issued by Palestinian Islamic banks and credit cards issued by commercial banks in terms of types, fees, returns and services. The researcher followed an analytical descriptive inductive approach through gathering information from multiple scientific and factual sources, and presenting them, and trying analyzing and discussing them. A questionnaire was prepared to know the extent of use of bank credit cards in the Palestinian society and the degree of satisfaction among users. This study is distinct from other studies about credit cards as it focuses on credit cards that are issued by Palestinian Islamic banks with the aim of identifying it role, services, features, fees, assessment in terms of both Islamic law and service, and compares it with the role of credit cards issued by Palestinian usurious banks to identify shortcomings and distinctions. The study is divided into three chapters. The first chapter touches upon the definition of credit cards and the juridical shariah rule in regard. The second chapter considers the type of credit cards in Palestinian Islamic banks and its services and how it is essentialized by the shariah authority. However, the third chapter deals with analyzing and assessing credit cards in Palestinian Islamic banks. The researcher concluded some results, the most important of which are: Palestinian Islamic banks adhered to the standards of the shariah authority of the monetary authority and the AAUFI foundation, with regard to the fact that the fees on the card are a lump sum, not a percentage. However, some banks violated those standards in terms of making fees categories depending on categories of credit ceilings. There is also a violation of AAUFI's standards of transparency and disclosure. It is also unclear how the annual fees distributed in monthly installments were calculated in lending cards, and whether this is proportional to the actual cost or not. In practice, the bank's discounted commissions are also charged to the cardholder in clear violation of AAUFI standards. Credit cards issued by usurious banks are distinct from that issued by Islamic ones in terms of the huge number of clients and holders, the multitude of types, the diversity of it benefits and services, the range of it credit ceilings, and its high prevalence. However, Islamic banks are characterized by not taking any benefits on the cards. They only take the benefit of a 1% fee per month in the facilitation card, unlike commercial banks that take the benefit of a 2% fee per month on delayed payments and Payment by instalments. Among the reasons for the widespread proliferation of usurious bank cards are the diversity of their services and advantages, the presence of significant promotion, the abuse of employees in Islamic banks and their lack of difference between Islamic and commercial banks in relation to these cards. | en_US |
| dc.identifier.uri | https://hdl.handle.net/20.500.11888/18092 | |
| dc.language.iso | other | en_US |
| dc.publisher | An-Najah National University | en_US |
| dc.subject | credit cards, Islamic banks, commercial banks, the essentializing of shariah authority, fees, services, types, analyzation and assessment. | en_US |
| dc.supervisor | Dr. Ayman Moustafa Al-Dabbgh | en_US |
| dc.title | CREDIT CARDS IN PALESTINIAN ISLAMIC BANKS FIGH APPLIED STUDIES | en_US |
| dc.title.alternative | CREDIT CARDS IN PALESTINIAN ISLAMIC BANKS FIGH APPLIED STUDIES | en_US |
| dc.type | Thesis | en_US |