Islamic credit card in Brunei Darussalam: A case study on BIBD

Abstract

Islamic Credit Card In Brunei Darussalam: A Case Study of BIBD

The objective of this study was to research further on credit card in the Islamic perspective, to identify the factors applying Islamic credit card and to investigate the Islamic Bank of Brunei Darussalam as a Shariah compliant credit card. This study is limited to the Bank Islam Brunei Darussalam only, as BIBD is the only Islamic Bank that offers Islamic credit card. The methodology used in this study is primarily based on survey questionnaires, which were distributed randomly to respondents who have BIBD MasterCard, and an interview was done with the BIBD Card Centre to know the framework of BIBD MasterCard as Shariah Compliant credit card. The study also Show that the credit card used are as secondary money which are mostly used to settle payments where cash is hardly used.