Sharī‘ah-compliant home financing in Malaysia: a case study of legal issues in Bai Bithaman Ājil contract

• Main Authors: Oseni, Umar Aimhanosi, Ayob, Mohd Fairullazi, Abdul Rashid, Khairuddin
• Format: Conference or Workshop Item
• Language: English; English; English; English; English
• Published: 2014
• Subjects: HG1501 Banking; KBP173.25 Islamic law and other disciplines or subjects; TX301 The house
• Online Access: http://irep.iium.edu.my/39488/1/BBA_Housing_Loan_paper_03.11.2014.pdf; http://irep.iium.edu.my/39488/3/MiCRA2014_CERTIFICATE.jpg; http://irep.iium.edu.my/39488/4/MICRA2014_CD_COVER.jpg; http://irep.iium.edu.my/39488/17/MiCRA_2014_BEST_AWARD_PAPER.pdf; http://irep.iium.edu.my/39488/18/micra-2014-abstract-list.pdf; http://irep.iium.edu.my/39488/; http://micra14.wordpress.com/accepted-abstract/

Purpose – This paper provides a case study on a Sharī‘ah-compliant house loan contract based on the Bai Bitham Ajil (BBA) contract generally used by Islamic banks in Malaysia. The study emphasises the need to comply with the existing legal framework and execute relevant contracts in line with the S...