Munich Personal RePEc Archive

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.

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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.

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