Hasan, Zubair (2012): "Riba in La-riba contracts: where to turn in Islamic home financing? Published in: Journal of Islamic Banking and Finance , Vol. 29, No. 3 (September 2012): pp. 1-12.
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This note demonstrates that the Msharakah Mutanaqisa home financing model is worsethan the conventional interest bearing loan financing; it is not only based oncompounding of return italso passes the ownership to the customer at a slower rate. The purpose is to draw attention of the Shari'ah scholars, bankers and regulators of Islamic bankers with a view to elisit comments for editing before its publication.
|Item Type:||MPRA Paper|
|Original Title:||"Riba in La-riba contracts: where to turn in Islamic home financing?|
|English Title:||“Islamic home finance: legality, pricing, and profit - Models compared”|
|Keywords:||Islamic ban on interest, Compounding of return on investment; Islamic verdict|
|Subjects:||G - Financial Economics > G2 - Financial Institutions and Services > G28 - Government Policy and Regulation
G - Financial Economics > G2 - Financial Institutions and Services > G21 - Banks ; Depository Institutions ; Micro Finance Institutions ; Mortgages
|Depositing User:||Zubair Hasan|
|Date Deposited:||17. Oct 2012 12:40|
|Last Modified:||16. Feb 2013 00:37|
1. Hasan Zubair 2011: Islamic home finance in the social mirror, ISRA: International Journal of Islamic Finance, Vol. 3, Issue 1, June pp.7-24
2. Hasan, Zubair (2011): Diminishing balance model for Islamic home finance – final version, Journal of Islamic Banking & Finance, July- September issue