QR Code Link : Type : Academic Journal Main Author : Assoc. Prof. Dr. Mohd Yaziz Mohd Isa and Prof. Datuk Seri Dr. Md Zabid Haji Abdul Rashid Title : Islamic Deposits And Investment Accounts In Incomesmoothing In Post-Reclassification Of The Islamic financial Service Act 2013 Varying Form of Title : Expert Journal of Finance (2014), No. 2, Pages 18 -25 Content Type : still image (rdacontent) Media Type : computer (rdamedia) Carrier Type : online resource (rdacarrier)

Publisher : Expert Journal of Finance Year of Publication : 2014 Summary : This study attempts to determine the impact of the reclassification on income smoothing practices by Islamic banks in Malaysia through loss provisions. It is well acknowledged that Islamic banks set up an allowance for loss provisions in order to absorb any future losses. However, alternative mechanisms, such as Profit Equalization Reserve (PER) and Investment Risk Reserve (IRR) instead of loss provisions, are used to smooth income. This study determines whether the exercise by Islamic banks in Malaysia to reclassify Islamic deposits to investment accounts after the enacted Islamic Financial Service Act (2013), may have caused unintended consequences in less profit payout to investment account holders. The results do not indicate any unintended consequences of less profit payout to investment account holders from the present exercise by the Islamic banks in Malaysia to distinguish Islamic deposits from investment accounts. Corporate Name : UNIRAZAK Library PDF Guest : Click to view PDF file

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