Alternative mode to Islamic home financing

• Main Author: Abdul Razak, Dzuljastri
• Format: Article
• Language: English; English
• Published: Syed Hussain Publications Sdn. Bhd. 2009
• Subjects: HG4001 Financial management. Business finance. Corporation finance.
• Online Access: http://irep.iium.edu.my/556/1/Alternative_mode_to_Islamic_home_financing.pdf; http://irep.iium.edu.my/556/4/00000002.tif; http://irep.iium.edu.my/556/; http://islamicfinanceasia.blogspot.com/2009/02/alternative-mode-to-islamic-home.html

A Canadian-based cooperative is looking at forging a working relationship with a Malaysian cooperative to develop the musharakah mutanaqisah (diminishing partnership) mode for home financing. The initiative, discussed at a recent conference organised by the IIUM Institute of Islamic Banking and Finance (IIiBF), could possibly bring forward another venue for Islamic finance financing via the coperative movement. Dzuljastri Abdul Razak, a senior academic fellow at International Islamic University Malaysia's (IIUM) Kulliyah of Economics and Management Sciences discusses the issue.