Purpose This paper aims to compare the rebate computation in Islamic sale-based financing contracts as proposed by Bank Negara Malaysia (BNM) in its guidelines on ibrāʾ (rebate) - with the rebate computation in conventional finance that is applicable to conventional loans, thus examining if...

Purpose - This paper aims to compare the rebate computation in Islamic sale-based financing contracts as proposed by Bank Negara Malaysia (BNM) in its guidelines on ibrāʾ (rebate) - with the rebate computation in conventional finance that is applicable to conventional loans, thus examining if...