Abstract
This paper reports on a qualitative research which was undertaken to explore tourists’ expectations of shopping experiences in Malaysia. Knowledge regarding the elements of tourists’ expectations about their shopping activity experiences in Malaysia is deficient amid the fact that shopping holds the second biggest share of tourist expenditure for Malaysia. Seven international tourists were intercepted in different shopping malls in Kuala Lumpur and responded to the questions, “what specific mall attributes do you desire when shopping?” and “what were your shopping expectations for the shopping experience that day?” Results from the research will be used to form items suggested for a quantitative survey which will be undertaken in a bigger study.
Highlights
The banking system in Islamic finance is based on the concept of profit or loss sharing
Its implementation is expected to promote the development of Islamic banking in Indonesia and to support its optimal performance
Some studies found that based on the theory of economy, the establishment of spinoff does not help much in improving the effectiveness of Islamic bank
Summary
The banking system in Islamic finance is based on the concept of profit or loss sharing. Bank will share its loss if they want the return of capital. The development of Islamic banking in Indonesia grows significantly after the enactment of the Law No 21/2008 on Islamic banking. The Article 68 of the law stipulates that the separation of the UUS as one of the efforts to support the development of Islamic banking institution in Indonesia. In the event that a Conventional Commercial Bank having UUS, of which its assets value has reached at least 50% (fifty percent) of the total asset value of its Parent Bank or after 15 (fifteen) years since the enactment of this Law, the Conventional Commercial Bank must conduct an UUS Splitting (spin off) to turn it into an Islamic Commercial Bank Article 68 states that: 1. In the event that a Conventional Commercial Bank having UUS, of which its assets value has reached at least 50% (fifty percent) of the total asset value of its Parent Bank or after 15 (fifteen) years since the enactment of this Law, the Conventional Commercial Bank must conduct an UUS Splitting (spin off) to turn it into an Islamic Commercial Bank
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
