Publication:
Islamic Home Financing In Nigeria

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dc.contributor.authorAminat Titilayo Ajetunmobien_US
dc.contributor.authorNorhazlina Ibrahimen_US
dc.date.accessioned2024-05-28T04:21:19Z
dc.date.available2024-05-28T04:21:19Z
dc.date.issued2016
dc.descriptionVolume :12 No: 4en_US
dc.description.abstractThere is urgent need to finance affordable housing, especially in Nigeria. As of 2015, the number of Muslims stands over 80 million. This emphasises the need for Shari'ah compliant home financing to suit the demands of their faith. The immutable principles of Islamic commercial transaction that prohibit riba and gharar has drawn up a sharp distinction between the concepts of Islamic and conventional home financing. Nonetheless, despite the establishment of Islamic banking in Nigeria and the willingness of Muslims to embrace it, home financing in Nigeria remains largely conventional. Drawing on a review of literature on Islamic finance in Nigeria, this paper examines factors that may hinder the implementation of Islamic home financing in Nigeria. The study revealed that low level of awareness, lack of long-term financing, religious and cultural disparity, and an unfavourable framework are main factors hindering the adoption of Islamic home financing in Nigeria.en_US
dc.identifier.epage239
dc.identifier.issn2070-4658
dc.identifier.issue4
dc.identifier.spage225
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/5306
dc.identifier.volume12
dc.language.isoen_USen_US
dc.publisherIslamic Bank Training and Research Academyen_US
dc.relation.ispartofJournal of Islamic Economics, Banking and Financeen_US
dc.titleIslamic Home Financing In Nigeriaen_US
dc.typeArticleen_US
dspace.entity.typePublication

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