Publication:
Does Tawarruq Still Remain The Top Option For Islamic Home Financing (ihf) Products In Malaysia?

Simple item page
dc.contributor.authorNorhazlina Ibrahimen_US
dc.contributor.authorSafeza Mohd Sapianen_US
dc.date.accessioned2024-05-28T05:48:02Z
dc.date.available2024-05-28T05:48:02Z
dc.date.issued2022
dc.date.submitted2022-12-27
dc.descriptionVolume 15 Issue 1 Page (160-189)en_US
dc.description.abstractPurpose – The purpose of this study is to investigate whether Tawarruq Islamic home financing (IHF) products remain untouched and maintain their position as the top IHF product in Malaysia. Design/methodology/approach – The study adopted a qualitative research methodology that included both literature review and content analysis. Firstly, the existing studies and literature were reviewed to compare different types of IHF. The composition of IHF products offered by these Islamic banks was then investigated further to analyse each bank’s progress in IHF from 2015 to 2019. The data were gathered from bank websites, brochures, product disclosure sheets and annual reports. Findings – The findings reveal that around 62.5% of Islamic banks offered Tawarruq for IHF in the year 2020. For the banks that offered Tawarruq, the amount of the financing continued to grow each year. The plausible reason for the preference for Tawarruq was its less risky nature, despite facing numerous operating, legal and Shariah issues. Research limitations/implications – This study has several limitations, including the fact that it was limited to home financing products only, the methodology used and the research period. Practical implications – This study aimed to provide beneficial insights into the use of Tawarruq, which has been a source of concern for regulators as well as steps made to reduce its usage in the industry. Islamic banks should be more proactive in developing non-Tawarruq products to enhance product innovation in the market and minimise the heavy reliance on debt-based products. Originality/value – This study provides useful insights by analysing IHF in depth for each Islamic bank and making recommendations for future research. Specifically, the method facilitated critical discussions and comparisons to previous research findings as to why Tawarruq has remained popular.en_US
dc.identifier.citationIbrahim, N. and Mohd Sapian, S. (2023), "Does Tawarruq still remain the top option for Islamic home financing (IHF) products in Malaysia?", Qualitative Research in Financial Markets, Vol. 15 No. 1, pp. 160-189. https://doi.org/10.1108/QRFM-07-2021-0118en_US
dc.identifier.doi10.1108/QRFM-07-2021-0118
dc.identifier.epage189
dc.identifier.issn1755-4179
dc.identifier.issue2022
dc.identifier.spage160
dc.identifier.urihttps://www.emerald.com/insight/content/doi/10.1108/QRFM-07-2021-0118/full/pdf?title=does-tawarruq-still-remain-the-top-option-for-islamic-home-financing-ihf-products-in-malaysia
dc.identifier.urihttps://oarep.usim.edu.my/handle/123456789/6536
dc.identifier.volume2022
dc.language.isoen_USen_US
dc.publisherEmeralden_US
dc.relation.ispartofQualitative Research in Financial Marketsen_US
dc.subjectIslamic home financing, Islamic banking and finance, Tawarruq, Islamic finance, Islamic home financing (IHF)en_US
dc.titleDoes Tawarruq Still Remain The Top Option For Islamic Home Financing (ihf) Products In Malaysia?en_US
dc.typeArticleen_US
dspace.entity.typePublication

Files

Collections

Other Publications