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"A person who carries a banking business"

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i. Commercial banks are the largest and most significant providers of  funds in the banking system.
ii. There are currently 26 commercial banks (excluding Islamic banks).
iii. These banks are governed by the Financial Services Act (FSA) 2013.

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i. The only financial institutions allowed to provide current

account facilities, where payment can be made by issuing

cheque;

ii. Receive major role in facilitating the payments system

within the country and overseas;

iii. Authorize to deal in foreign exchange transactions; and

iv. Act on behalf of the BNM in administering Malaysia’s

foreign exchange control system

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i. Mobilization of savings
ii. Provision of facilities
iii. Granting loan and advances
iv.  Financing of government
v. Provision of finance

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i. Deposit received
ii. Capital and reserves
iii. Internal and external blowing
iv. Repos (Repurchase agreement)
v. Bankers' acceptance
vi. Debentures and notes

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i. Loans and advances
ii. Purchase fixed assets
iii. Investment activities
iv. Placement of deposits with other Financial Institutions
v. Cash and reserves with BNM

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i. Islamic banking activities in Malaysia began as a result of the

pressure from Muslims to conduct their banking activities , in accordance with the Islamic principles.

ii. There are currently 16 Islamic banks (excluding commercial

banks).

iii. These banks are governed by the Islamic Financial Services

Act (IFSA) 2013.

iv.  The Islamic banks are carrying out their operations in

accordance with the Islamic shariah.

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i. Al-Wadiah Yad Dhamanad (Safekeeping deposit with guarantee)
ii. Al-Mudharabah (Profit sharing)
iii. Al-Musyarakah (Joint venture or partnership)
iv. Al-Murabahah (cost-plus financing)
v. Bai Bithaman Ajil (deferred payment sale)
vi. Bai al-Dayn (debt financing)
vii. Al-Ijarah (leasing)
viii. Al-Takjiri (leasing and subsequently purchase)
ix. Al-Qardhul Hassan (benevolent loan)
x. Al-Wakalah (nominating another person to act)
xi. Al-Kafalah (guarantee)
xii. Al-Rahn (collateralized borrowing)
xiii. Al-Hiwalah (remittance)
xiv. Al-Ujr (fee)

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i. Al-Hiwalah (remittance)
ii. Al-Ijarah (leasing)
iii. Al-Kafalah (guarantee)
iv. Al-Sarf (Forex)

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i. Al-Mudharabah (profit sharing)
ii. Al-Musyarakah (partnership)
iii. Al-Murabahah (cost-plus financing)
iv. Al-Wadiah (deposit)

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i. Both conventional and islamic banks offer similar banking business
ii. Both conventional and islamic banks charge fee and interest for their banking business

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NAME : FAIZUDDIN AQIL BIN AZAMUDDIN
MATRICS NO : 2019430918