Proceedings of the 4th International Conference on the Future of Asean 2023 (ICoFA 2023)

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AITAB Contract: Analysing Islamic Banking Institutions Issues and Challenges in Moratorium Practices During COVID-19

Authors
Nur Ain Nazihah Muhammad Rizal1, Afiffudin Mohammed Noor1, *, Hasyeilla Abd Mutalib2
1Academy of Contemporary Islamic Studies, Universiti Teknologi MARA, Cawangan Perlis, Kampus Arau, 02600, Arau, Perlis, Malaysia
2Faculty of Business and Management, Universiti Teknologi MARA, Cawangan Perlis, Kampus Arau, 02600, Arau, Perlis, Malaysia
*Corresponding author. Email: afiffudin@uitm.edu.my
Corresponding Author
Afiffudin Mohammed Noor
Available Online 29 July 2023.
DOI
10.2991/978-2-38476-076-3_6How to use a DOI?
Keywords
AITAB Contract; Banking; Finance; Moratorium; Qualitative
Abstract

The purpose of this study is to explore the issues and challenges of moratorium practices faced by Islamic banking institutions in relation to AITAB contracts during COVID-19. This study used a qualitative method by conducting interviews with 2 respondents from the same local Islamic banking institution. Respondents were selected using a purposive sampling method. Formal and semi-structured interviews were conducted with two officials from the automotive finance division. In this study, there are four issues and challenges: i) the number of moratorium applications, ii) the customers’ consents, iii) the internal operation, and iv) the calculation of restructuring AITAB contract. These issues provide a general overview of the constraints faced by Islamic banking institutions in Malaysia. Therefore, from the information, each banking institution can take proactive actions to ensure that the implementation of the moratorium in their products is managed well and perfectly because it can contribute to the socio-economic progress of the community.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 4th International Conference on the Future of Asean 2023 (ICoFA 2023)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
29 July 2023
ISBN
10.2991/978-2-38476-076-3_6
ISSN
2352-5398
DOI
10.2991/978-2-38476-076-3_6How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Nur Ain Nazihah Muhammad Rizal
AU  - Afiffudin Mohammed Noor
AU  - Hasyeilla Abd Mutalib
PY  - 2023
DA  - 2023/07/29
TI  - AITAB Contract: Analysing Islamic Banking Institutions Issues and Challenges in Moratorium Practices During COVID-19
BT  - Proceedings of the 4th International Conference on the Future of Asean 2023 (ICoFA 2023)
PB  - Atlantis Press
SP  - 50
EP  - 62
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-076-3_6
DO  - 10.2991/978-2-38476-076-3_6
ID  - MuhammadRizal2023
ER  -