The Islamic House Financing in Malaysia. Case Study of Leasing-I Line in HSBC Amanah

Nurrachmi, Rininta and Nazah, Nawalin and Al Azizah, Ummu and Riddhaina, Nurul (2012): The Islamic House Financing in Malaysia. Case Study of Leasing-I Line in HSBC Amanah.

Abstract

This paper attempts to examine the practice of leasing agreement that was conducted in HSBC Amanah Malaysia, whether the process based on Islamic transaction. Leasing – I Line is the product that offers by HSBC Amanah as a ways of Islamic house financing based on Ijarah (Lease). In the practice of Leasing-I Line there is no transfer of ownership and the lease asset remain the bank’s property.

• Item Type: MPRA Paper
• Language: English
• Keywords: Leasing, Islamic, Property, Financing, Bank and Consumer
• Subjects: Z - Other Special Topics > Z1 - Cultural Economics ; Economic Sociology ; Economic Anthropology > Z19 - Other

References

Abu Ghuddah, Abdul Sattar (n.d). “Ijarah(lease)”. Dallah Al-Baraka Group Al-Baraka Banking Group (ABG) Department of Research & Development

Kamali ,Mohammad Hashim (2007). “A Shari‘ah Analysis of Issues in Islamic Leasing”. J.KAU: Islamic Econ., Vol. 20 No. 1, pp: 3-22 (2007 A.D./1428 A.H.)

Shariff, Ros Aniza, and Abdul Rahim, A. R (n.d). “An Exploratory Study of Ijarah Accounting Practices In Malaysian Financial Institutions”. International Journal of Islamic Financial Services, Vol. 5, No. 3

Usmani, Maulana Taqi (n.d). “Ijarah”. An online publication by accountancy.com.pk, pp: 1 of 14