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Islamic Home Financing Base On Debt: A Review Of Practices Of Islamic Bank In Malaysia

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cris.lastimport.scopus2024-12-06T16:40:51Z
cris.lastimport.wos2024-12-06T17:02:31Z
cris.virtual.departmentUniversiti Sains Islam Malaysia
cris.virtual.orcid0000-0002-8746-0979
cris.virtualsource.department835c29bd-3c49-4987-a1e8-f87917b5f64d
cris.virtualsource.orcid835c29bd-3c49-4987-a1e8-f87917b5f64d
dc.contributor.authorMohd Faisol Ibrahim
dc.contributor.authorRosila Kamarudinen_US
dc.date.accessioned2024-05-28T05:44:41Z
dc.date.available2024-05-28T05:44:41Z
dc.date.issued2018
dc.descriptionVolume 12en_US
dc.description.abstractNowadays the dual banking system in Malaysia has enable banks to offer two forms of home financing method, the Islamic home financing and the convensional home loan. As we know a house is a everyone needs. They will get by all means by purchase it, renting or build the house themselves. Islamic home financing product is one of the sources that generate profits for the local and foreign Islamic bank in Malaysia. Thus, very few people can afford to purchase a house on a cash basis. As muslim consumers, it is important for them to choose wisely on their financing. This study attempts to analyse the practice of Islamic home financing product base on debt in Malaysia since 2000 till 2016. The study is motivated by few shortcomings of current Islamic home product as well as an increasing the number of shariah instrument contracts among Islamic banking in Malaysia. Islamic home financing in Malaysia can divided into two types, which is debt and equity. Bai bithaman ajil (bba) is the most marketable mode of home financing in Malaysia since 1983 but nowadays, many Islamic banks in Malaysia was accepted musyarakah mutanaqisah (mm) and tawarruq as an alternative to bai bithaman ajil. This study uses a qualitative approach. The paper would survey the practice on Islamic home financing in Malaysia base on debt since 2000 until 2016.en_US
dc.identifier.doihttps://doi.org/10.51200/ljms.v12i.1349
dc.identifier.epage50
dc.identifier.issn1985-482X
dc.identifier.spage43
dc.identifier.urihttps://jurcon.ums.edu.my/ojums/index.php/LJMS/article/view/1349/864
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/6275
dc.identifier.volume12
dc.language.isoen_USen_US
dc.publisherUniversiti Malaysia Sabahen_US
dc.relation.ispartofLabuan e-Journal of Muamalat and Societyen_US
dc.subjectIslamic home financing, Islamic banking, Islamic instrumentsen_US
dc.titleIslamic Home Financing Base On Debt: A Review Of Practices Of Islamic Bank In Malaysiaen_US
dc.typeArticleen_US
dspace.entity.typePublication
oairecerif.author.affiliationUniversiti Sains Islam Malaysia
oairecerif.author.affiliation#PLACEHOLDER_PARENT_METADATA_VALUE#

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