TY - JOUR AU - Abdulrahman Abdullah Alssadi, PY - 2021/06/17 Y2 - 2024/03/29 TI - Banks’ Gifts in Islamic Financial Institutions JF - Intellectual Discourse JA - Intellectual Discourse VL - 29 IS - 1 SE - Articles DO - 10.31436/id.v29i1.1761 UR - https://journals.iium.edu.my/intdiscourse/index.php/id/article/view/1761 SP - 117–130 AB - <p>This paper is a discussion about prizes in Islamic financial<br>institutions, highlighting the different advantages and disadvantages of current<br>account. The paper consists of prizes offered by Islamic banks to clients, which<br>can be divided according to their type into: a) the rewards and material benefits,<br>b) Intangible rewards and benefits. The paper discusses ruling on prizes and<br>gifts for current accounts. The ruling on the bank offering prizes and gifts to<br>current account holders. The ruling on offering prizes and benefits that are not<br>required and do not take into account the amounts deposited in the current<br>account. The ruling on offering rewards and benefits to the bank’s clients<br>without being specific to current account holders. To fulfil the objective of this<br>paper, qualitative approach is used. The paper is organized into the following<br>issues with three sections. First section is related to the discussion on truth<br>about prize giving by Islamic banks, which consist on rulings on prizes and<br>gifts in current accounts and jurisprudential conceptualisation for the current<br>account. The second section is rulings on prize giving in current accounts<br>and rulings regarding prices and gifts. The third section is research on rulings<br>regarding prize giving in investment accounts.</p> ER -